Arbidex interviews Matrix’s Owen Tao!

🇬🇧 A couple of weeks ago we went to Matrix meetup in London and spoke to its CEO and one of our advisors — Owen Tao:

Arbidex: Owen, in view of recent crypto exchanges hacks and security issues, can you comment on how deploying Matrix intelligent smart contracts may potentially help decentralized crypto exchanges and cold / hot wallets in terms of eliminating security risks? What industry needs smart contracts and Blockchain more than anything?
O: The “Intelligent Contract” can help the users avoiding the loopholes in contract or code, I think it will be very useful for the decentralized exchanges’ security work. But for the centralized exchange, I don’t think the intelligent contract can help much with the cold / hot wallets. I think there are some industry needs blockchain more than others, such as finance or sharing economy business, such Uber, ofo, Airbnb. If you need transfer data or asset in your blockchain network, the smart contract would be necessary.

Arbidex: If we are to observe Matrix recent activity — what are you guys mostly focused on at the moment? What markets and industries you see as most promising in terms of Matrix expansion?
O: At this moment the most important thing for MATRIX is to explore our developers ecosystem, because the applications are the bridge between the personal users and our platform, high-quality applications will bring millions of active users for the platform. With the features of MATRIX, I thinks there are some industry more suitable for MATRIX than others, such as the big data industry (they need our AI calculating power to deal with their data), new terminal equipment, share economy business and so on. The industries who needs AI services and blockchain solutions, they will need MATRIX.

Arbidex: We are super excited to have you as Arbidex Advisor. Are you somehow familiar with exchange arbitrage or crypto trading?
O: A little, and if you need, I can introduce some experts for you.

Arbidex: Here at Arbidex we recently closed the ICO and now are at the very beginning of a long journey. Any tips and advice you could give to an emerging fintech startup?
O: Arbidex is a great platform, but as far as I know, there are already more than 7,000 crypto exchanges all over the world, the business model of Arbidex is good but you still need more powerful products of features to keep the users staying on our platform. By the way, safety is always the most important thing for a platform.