The Status of the Blockchain Industry from 30 Top Crypto CEO’s Perspective
The success of blockchain startups is dependent on several factors, one of which is the leadership. The expertise and skills of a porches CEO have a huge bearing on its prosperity or even failure. But how do these individuals perceive the industry? Below are some of the thoughts a, experiences, and ideas sourced from the CEOS of 30 blockchain-based startups.
Current Situation In The Crypto Market
Pierre-Alexandre Picard, a co-founder at the Predicoin analytics company, is hopeful that the markets have bottomed out and ready to embark on a bull run. Mass adoption is increasing and more countries are enacting crypto regulations. Picard also noted that more institutional investors are adopting digital currencies. In summary, he believes that the hype has cooled and cryptos are investors are more realistic with their expectations.
Dante Disparte, the founder of Risk Cooperative, likened the current state of blockchain technology to the early days of the internet and cloud computing. Dante believes that the criticism vented at digital currencies and blockchain technology by conservative individuals is an indicator of their disruptive potential for the good of the global economy.
For blockchain technology to succeed, all involved parties need to collectively formulate a set of rules to govern the sector. These are the sentiments expressed by Yassine Anadam, the co-founder of Credits. According to him, developers should familiarize themselves with economic issues as well as policy-making to ensure that blockchain flourishes.
Pedro Febrero, the founder of Bityond, noted that the crypto space has undergone significant progress. Specifically, he highlighted SegWit and Lightning Network as the most outstanding additions to the Bitcoin protocol. Similarly, the Ethereum network is solving scaling issues through the introduction of solutions such as sharding and sidechains. However, Pedro mentioned that the development can be improved further by offering better incentives and rewards to cryptocurrency users.
How To Gauge The Success Of Blockchain Projects
Despite the increasing adoption of blockchain and cryptocurrencies, a majority of people are still misinformed regarding these areas. This is particularly accentuated by individuals who vehemently criticize the technology without any justifiable reasons.
To Graeme Conradie, the CEO of DNX Community, success is being able to convince people that the monetary systems need a radical change to support virtual currencies.
On his part, Chris Butler, the CEO of URallowance, believes that success involves influencing the surroundings positively by engaging team members, partners and the local community.
As per Simon Zhu, the CEO and founder of BitMovio, crypto investors should shift their attention from short-term volatilities to long-term goals.
Paulo Rodrigues, the CEO of Stealth Mode, states that blockchain projects should first work hard and focus on delivering their objectives. After this, success will certainly be achieved.
The CEO of UniversalCrypto.org, Bogdan Maslesa, echoed the statement made by Paulo Rodrigues. He mentioned that a project team must have the following qualities to succeed; determination, creativity and planning.
Michael Kessler, the CEO of Tokenise.io, lauded the importance of blockchain technology to the financial services sector. Michael added that his company would tokenize securities to create investment opportunities.
Success is all about improving the livelihoods of users, according to the CEO of Primablock.
Limitations Of Blockchain Technology
Usually, businesses have to undergo a series of difficulties before they become established. In this context, this means that individuals should not perceive crypto investments as a shortcut to getting rich.
Daniel Santos, a co-founder at DARA, pointed out that there is a scarcity of leaders with human relations and project management skills. This prevents projects from actualizing their goals.
Transitioning from traditional technologies to blockchain presents a challenge for many because of the eagerness to see immediate results. To avoid this, David Honeyman, the CEO of Lendo, advises businesses to focus on long-term goals rather than short-term speculations.
Michael Kessler reiterated that blockchain technology is not the ultimate solutions to the problems in the financial services sector. Instead, it should be considered a facilitator that quickens such processes.
Prospective investors should evaluate the real-world applicability of a blockchain before investing in their projects. This advice was issued by Mike Scoot, the CEO of NONA.
The founder of Yogin, Ojas Kikani, notes that all technologies have their advantages and disadvantages. He adds that blockchains should be deployed alongside Internet of Things and AI to improve their output.
The Future Of Blockchain
As of now, the future looks bleak for blockchain technology and cryptocurrencies. The reasons for this prediction include the scalability challenges on the Ethereum blockchain, regulatory uncertainty and the volatility of Bitcoin.
Marc Couzic, the CEO of Fieldcoin, is enthralled by the growing utilization of non-fungible tokens as well as the tokenization of assets. To this end, Marc stated how various protocols on the Ethereum blockchain are enabling transfer of multiple tokens at once as well as how they can solve scaling issues.
For Daniel Honeyman, the best thing to happen to the blockchain industry is the increasing adoption of blockchain in the financial services industry. He also pointed out that the UK has enacted friendly regulations on crypto assets.
Besides stablecoins, the presence of several innovative minds in the blockchain industry makes Paulo Rodrigues to eagerly await the future.
Following the widespread acceptance and subsequent adoption of blockchain technology, Rashid Yussup believes that virtual currencies are next in line. Rashid is the CEO of Taklimakan Network.
Jess Houlgrave, the co-founder of Codex Protocol, is hopeful that developers will come up with solutions to scaling issues resulting from heavy usage of blockchain resources.
Lastly, Jeffrey Huang, the CEO of Mithril, revealed that he is thrilled by the tokenization of assets. This because this increases the accessibility of the asset.
The blockchain revolution is here – a testament to this is the increasing adoption of this technology and digital currencies. In fact, a significant majority of these adopters are reputable institutions form various sectors of the economy.
According to Graeme Conradie, the progress of the blockchain revolution cannot be hindered by anything. For this reasons, individuals and businesses should join the bandwagon.