Pooja Choudhary
Hi Stefan, please tell us about your fintech journey so far.
Well, my fintech journey, if you want to call it that, started in 2007 and 2008 when I was involved in discussions around the design of what became, when launched in Jan 2009, blockchain. To be honest, I saw the technology at that time as merely the electronic cash that was discussed in the bitcoin whitepaper, however, since then I have recognized the absolute power and extraordinary capabilities that blockchain delivers. This resulted in the formation of nChain in 2015 and the focus on blockchain research at a scale that is unparalleled anywhere in the world over the 7 years since.
nchain has been amongst 100 most innovative company for 2023. What is your USP?
nChain has earned and deserving of this recognition. We hold the largest portfolio of blockchain IP and patents (including patents pending) of anyone in the world. Our IP is the DNA of blockchain, we own a massive range of IP necessary for the fully functional delivery of web 3 and metaverse. If any business is aiming to lead web 3 conversion or be highly competitive in the web 3 world, they need to be using nChain IP.
Also Read: Global Fintech Interview with Casper Rasmussen, President at MACH Alliance
Founded in 2015, nChain today is the brand behind the Bitcoin SV Node software, Teranode, LiteClient, Data Integrity and more. Could you please share a few of your strategies to climb this ladder of success so fast?
Let’s be clear, the technologies you mention here are associated with BA (bitcoin association) and nChain provides development services as a supplier to BA. SV node is the current implementation that miners use to verify and transmit transaction on the BSV network, this implementation can process approx. 1.5 billion transaction per day in its current form, however, teranode is the next generation node which is based on a microservices architecture and is intended to deliver unbounded scaling, something that we envisage is necessary for blockchain innovation to change the world we live in and fulfill the social impact we talk about.
What are some of the top Crypto trends you’re seeing get more attention in 2023?
We will see the failure of a number of ‘crypto” tokens and associated blockchains. 99% of these are setup as speculative investment tools, they are unlicensed securities. We will see more interest from government in blockchain for transparency and efficiency of services.
Also Read: Global Fintech Interview with Jyotirmoy Chakravorty, Founder at Ubona Technologies
We have seen peaks and valleys in the blockchain domain in the last couple of years. What are your predictions for the next 5 years?
If you are referring to coin or token trading on speculation, yes this will continue. As I have indicated these unlicensed security tokens have no value. The BSV blockchain is totally different. BSV is not a security, it was nor pre issued or pre mined and it was not offered for sale to fund a project. BSV id a utility token, that’s where its value is and when its value will always be.
What advice would you like to give to our 420 million crypto investors?
Research, read, understand the functionality and capabilities of BSV. If you are a developer, get involved, we have some remarkable development toolkits entering the market mid-year. The application of the future and web 3 will be delivered on nChain IP and on the BSV network.
Also Read: Global Fintech Interview with Richard Smith, Chairman at FSC and Co-Founder at Finiac
Tag (mention/write about) the one person in the crypto industry whose answers to these questions you would love to read!
The person I admire and have taken tutorage from in terms of the technology I work with and the vision for the future is Dr Craig Wright. Unfortunately, given the toxicity in the industry he is maliciously trolled. This is what happens when so much of the industry is built on speculative, profit driven investment. It shouldn’t be, this industry need to pivot and start building and investing in application and solution development.
Thank you, Stefan! That was fun and we hope to see you back on globalfintechseries.com soon.
[To share your insights with us, please write to sghosh@martechseries.com]
