“Focus on the Bigger Picture, Blockchain; Bitcoin was just the Beginning”: Waves Founder
At the World Economic Forum, Waves Founder and Russian Cryptocurrency guru, Aleksandr Ivanov spoke to RT with regard to blockchain revolution against cryptocurrency. The World Economic Forum held in Davos, Switzerland had attendees from far and wide, most of whom are either blockchain-company owners or experts of cryptocurrency.
The Russian crypto preneur said that the future of blockchain technology was coming in a big way, having bitcoin and other digital assets as its foundation, which is just a passing fad. He stood corrected saying that the revolution in blockchain technology is soon going to be embedded on each and every industry in the planet, encompassing logistics firms all the way to leisure goods manufacturers and every industry in between, the world over. It was however somewhat surprising because the tycoon owes much of his wealth to the digital assets which are just the small part of the blockchain technology that he has advocated for.
His theory was backed by many facts and actual observations in the world, including Sberbank, the biggest lender in Russia which has already adopted the Blockchain Technology. He was also quick to mention that distributed ledger system (blockchain) technology and revolution has also been adopted in public administration and some business sectors all over the world.
In his interview with RT, Aleksandr Ivanov spoke on the Venezuelan Oil-backed digital currency, “Petro” which is hoped to have a great positive impact on the nation that is going through very tough times. Ivanov was quick to mention that the government should be careful not fully depend on the technology to wipe away all its problems because
“the technology is not a silver bullet to solve all the problems.”
Speaking on his own private investments and businesses, Ivanov also said that the blockchain revolution is so major that they are already incorporating it into a new type of internet; Web 3.0 technologies. He said that the revolution is taking place rather slowly, but has begun. They also want to secure this blockchain technology in the next 3-5 years and want the niche to be in Russia.