How often do you have questions about cryptocurrency that no one can answer? How many times have you had them in your head before investing in a dubious project or in the most popular cryptocurrencies? And how does this blockchain even work? We often need an assistant or an inner voice that will put everything in its place. The Coin Shark will introduce this person to you.
We ask the most relevant questions about cryptocurrency to our experts, professionals in crypto and blockchain business. Today, our “inner voice” will be Mark van Rijmenam, founder Datafloq, named global top 10 Big Data influencer and one of the most influential Blockchain people.
Hello, Mark. What do you think, what problems can be solved using blockchain at the global level?
Blockchain is a paradigm shift, a fundamental technology that will change every industry. Blockchain is relevant everywhere there is a trust issue (when individuals, organisations or things have to collaborate) and when there is a transaction. Blockchain is especially relevant for the financial sector and the supply chain sector, but blockchain can also be used for social good. In our latest book, Blockchain: Transforming Your Business and Our World, we discuss how blockchain can contribute to solving issues such as poverty, climate change, fraud, corruption, censorship, identity theft, etc.
What is the most extraordinary and unique project you had to work with?
Personally, I find the projects that look at using blockchain to solve real-world problems the most interesting. Projects that aim to offer us a self-sovereign identity for example, such as Sovrin or uPort, have the opportunity to change how we deal with identity. That can also be used for developing countries, as over 1,5 billion people still lack a government-issued identity. Also, those projects that aim to help the 2 billion unbanked in our world, such as Humaniq, are very important.
How can your own Datafloq project affect crypto and tech industry?
Our objective is to help the community with relevant articles on blockchain, crypto and other technologies including big data, artificial intelligence and the internet of things. In addition, we are about to launch a new project that could help in the massive fake news problem we have.
Do you invest in cryptocurrency? If so, do you prefer well-known coins or new projects?
I do have different cryptocurrencies. Whichever project I decide to participate in, I always look at what the product is that they are developing, who the team is, how long they have been working on it, what code is already there, do they already have an alpha or beta version, etc. For me to participate in a new project means that I need to have a very good understanding that the project is capable of achieving what it wants to achieve.
Your forecast: what future awaits crypto industry and all holders of cryptocurrency in 2019?
Hopefully, 2019 will see a more stable environment due to global regulations being put in place how to deal with ICOs (although I am aware that it takes time to achieve that). In 2019, we will also see more blockchain projects coming to fruition and delivering real-world products and services. Slowly, the decentralised ecosystem will become to appear as the technology required for that becomes ready. 2019 will be a very interesting year!
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