OriginClear CEO, WaterChain Token Project Chairman: Cryptos Potential Can Create a New Economy
The CEO and President of OriginClear, Riggs Eckelberry, wrote an op-ed on Forbes in which he highlighted the animosity large institutes have against cryptos. He attributes these hostilities to two things, cryptos are not regulated and cryptos are not established.
Riggs Eckelberry brings his veteran technology management skills to the Blue Technology sector and most recently has launched WaterChain, OriginClear’s prospective Initial Coin Offering (ICO). WaterChain is creating a decentralized water funding platform with the help of blockchain technology and leading water innovators, to dramatically improve the quality of water worldwide.
In the op-ed he writes:
“Yes, cryptocurrencies are based on the blockchain, but crypto is very different — it’s specifically about money. When I first realized that, I pivoted from the path of enterprise blockchain and focused instead on setting up a better way for my industry to crowdfund innovative projects. But I still wonder, why all the fear, uncertainty and doubt around cryptocurrencies? I think it’s probably lack of education.”
Right now about $5B a year in projects are being built that are decentralized. But it’s going to grow exponentially because all these municipalities are forcing projects to treat their own water onsite. That means decentralize water generation projects of $500k — $1.5M will be the new norm, and they will all have the same value and predictable returns that the huge projects are getting. That trend is perfect for crypto because it is all about decentralization.
Earlier even WaterChain’s advisor, David Metzler said:
“I saw how billion dollar companies were born in the dot com. What this looks like for me is that we are similar in the early stages where we will get some really good companies with ideas, but there are not many companies that have solid fundamentals. WaterChain is one with the fundamentals to back up what they are trying to do.”
On the same note, Eckelberry thinks that cryptos have the potential to create entire economies.
“The latest wave is the security-compliant token. These are being offered on new, security-compliant exchanges, such as Coinbase. These will, I believe, replace the weaker, unregulated ones, and create a stronger crypto ecosystem overall. That, I think, is what companies considering a cryptocurrency strategy need to understand: As these coins gain mainstream adoption, I think they will create an entirely new economy.”
He thinks that the copanies who are behind the curve on crypto adoption will regret immensely in the future and those who are early will be rewarded.