As the crypto costs are calm and investor interests remain low, blockchain’s possibility to transform and disrupt industries keeps attracting individuals wanting to build no matter digital asset prices.
Lars Seier Christensen, the founding father of investment banking firm Saxo Bank, told Cointelegraph that blockchain’s natural features made him choose to jump in to the space and operate a blockchain project known as Concordium. He described that:
“I am captivated by the numerous ways blockchain may be used within the real life to enhance data security, prove possession, and add efficiency, traceability and provenance to a lot of processes.”
Christensen stated that through tech, start up business models could be invented soon. However, the manager believes the investment scene in crypto is extremely immature when compared with traditional finance, and you will find many projects that won’t allow it to be. Regardless of this, Christensen also noticed that you will see some who’ll rise in the fog. He stated:
“The projects that contain heat and hype will fail, but from the dust will rise great projects and firms for future years economy. So, it’s a healthy shake-out which will focus investors on tech and science quality a lot more in in the future.
Becoming an early internet adopter with Saxo Bank, Christensen pointed out that there was “lots of nonsense” in older days, and it is like the current condition of the profession. Regardless of this, the manager puts his belief within the tech. “In my view, blockchain has got the greatest transformative potential associated with a new technology because the internet,” he stated.
When requested if he’s top tips for individuals who’re also from a traditional finance background are curious about blockchain and crypto, the manager stated they must have the persistence and guts to participate the developing space.
Aside from this, also, he had some pointers for individuals throughout the crypto winter. Based on the Saxo Bank founder, investors should do their homework and thoroughly evaluate which projects are actually needed.
Related: Ethereum Community Conference 5: Just how can DAOs combat hostile takeovers?
Within the Ethereum Community Conference 5, a developer advocate from 0x Labs stated the crypto winter is an opportunity to reinforce the validity of blockchain. Regardless of the market’s current prices, the 0x Labs worker believes that Ethereum (ETH) continues to be a safe and secure platform to construct on.
