Security Tokens Will Be The “Next Big Thing”
Revolutions both write and rewrite history, and every one of them counts.
Industrial revolutions redefine global leadership, and the digital revolution in the 20th century has been redefining our modern economy. Fast forward to today, a global economy with blockchain technology and other innovative technologies is evolving too rapidly to be ignored.
During an interview with WBF, Didier Martin, CEO of Interblockchain Lab inc.(which is now renamed Transledger inc.), shared his thoughts on the future of the blockchain industry, as well as security tokens and regulations.
Martin introduced the idea of moving tokens across different blockchains, which is an essential business segment at Transledger inc. He said,
“Most of the blockchains are isolated islands, you can have a token on Bitcoin, for example, but you can’t move outside of the bitcoin, which is a big difference, if we compare it to fiat money, which can move freely across different ledgers, if a bank is a ledger.”
By providing services that involve payment processing, digitalization of national currencies, Transledger inc. offers clients the ability to move money across several financial networks and more than seven blockchains, and bypassing international boundaries with an alternative FOREX exchange.
Martin emphasized during the interview that there is “huge potential” for the blockchain industry in 2019, and security tokens will provide real value by being pegged to “something real,” such as real estate, a share, or a bond, and this could be “the next big thing.”
In addition, the “new beast” and the “hard part” was how Martin described blockchain regulations, due to the different facets that tokens have. Especially in the U.S., there has to be an agency that deals with securities and commodities, offering “multi-dimensional tools” to provide federal assistance and guidelines for tokens.
Indeed, worldwide blockchain regulations are moving rapidly. Malta, for example, is rapidly becoming a new blockchain hub. Further, Bermuda is well regulated, and France is forcing banks to grant blockchain-related projects the right to a bank account.
Martin also pointed out that companies that survived the “investment winter” in 2017 could be the “Amazon” or “Google” of the blockchain field, but through trial and error, only the very lean and well-managed companies could achieve that. In 2019 and 2020, companies will build real solutions, and make it easier for the public, just like the web revolution. Martin concluded,
“Overall, we will see real solution emerging. If you remember the curve of the technology introduction — you have the early adopters, you have the visionaries, like some VCs...”
Back in 1983, researchers began to assemble the “network of networks,” which became the modern Internet today. With hundreds of pioneering scientists, programmers and engineers developing new technologies, and the “information superhighway” eventually come together.
The rise of the internet changed how people access information, mobile and smartphones disrupted how people communicate, and social media changed how we connect with others.
Now, like it or not, blockchain is and will be changing the way we live. As the old saying goes, “Those who cannot remember the past are condemned to repeat it.”
An interesting fact is that JPMorgan and Microsoft just announced on May 6, 2019, that their new blockchain partnership will bring enterprise blockchain to the masses, according to Forbes. And the combined valuation of the two corporations alone is $1.3 trillion.
Company: World Blockchain Forum
Disclaimer: The content is for informational purposes only. This is not investment advice. I have no positions in any cryptocurrencies or related securities mentioned, and no plans to initiate any positions within the next 72 hours.