Meet the team — Philip Thompson, Cofounder and COO of autoXchange
This is an interview with Philip Thompson, Cofounder and COO of autoXchange. A little about Philip: Philip is a successful, highly motivated and results driven Head of Department with a wide range of experience and a proven track record delivering business services. A well balanced background based on hands on practical business experience coupled with high level post graduate education which provides clients with the best possible service.
Interviewer: What is your background?
Philip: After graduating with a computer science degree, my first role was in programming. I moved on to head up the consultancy department focused on manufacturing and communications companies. The majority of projects were based on IT infrastructure and process re-engineering to ensure optimum automisation, improving processes and implementing best practice to reduce waste and speed up production. While there I completed qualifications at Loughborough University and then an Executive MBA in Greenwich. My next move was to a large accountancy firm, to support small and Micro firms to improve their financial and technical abilities which would increase their ability to attract funding. My last role was worked for a telecoms company, where I worked on the technical aspect of the service and ensured a successful ICO.
Interviewer: What made you cofound autoXchange together with Richard?
Philip: I have known Richard since University and as soon as he explained what his vision was for autoXchange, I knew that this would solve a real-world difficult problem. We both have the same vision of how we can adapt the fundamentals of blockchain technology, to improve the automotive retail market. The process of buying and selling a car has not changed significantly. It has been slow to adapt to new market pressures and customer requirements. We both saw this as a huge opportunity to transform this inefficient and very segmented market, to enable new efficient purchasing options and provide customers with Peer to Peer lending, fast transaction times and the full details of the car, in an open, transparent and secure way.
Interviewer: How do you see your past experience and knowledge applying to autoXchange?
Philip: My role at the telecoms company enabled me to develop a blockchain service, for anyone with a mobile phone, regardless of internet connection. The solution enabled people to access internet like services, group chat, messaging and other services, without the need for the internet. This solution was adapted so that the users did not need a bank account to enjoy the opportunities that blockchain technology provides. I was heavily involved in the technical requirements of delivering the ICO for my last company. I was exposed to very new technology and modifying it so that it was effective for the needs of the users. It was not just ensuring that the solution worked, but that it was usable and effective for the end user. I worked with a number of global companies, who saw the solution as a way of reaching hundreds of thousands of new customers and by generating new revenue streams that had previously not been possible.
I have worked with numerous start-up companies, as well as more established ones, working on their technical and financial strategies. This was incredibly valuable and provided me with a wealth of experience on how to develop a company from the very early stages and then how to grow a technical firm, with all the financial and resource requirements.
Interviewer: What do you think is the biggest market opportunity for autoXchange?
Philip: The car retail market is huge. It is global, with complex supply chains and massive amounts of documentation. Financing and other related services, are hugely profitable, but the capital expenditure and complexity of selling cars in other countries add a massive burden on the industry. There are significant risks involved, with the resources tied up and also the impact that macro economic policy both nationally and globally. Blockchain technology combats a lot of the costly and difficult problems that this industry faces. There are large number of middlemen, who are involved in the buying and selling process, adding complexity and slowing down the sales cycle, without generating any value. Blockchain technology has the ability to remove a lot of this waste, speeding up the sales process, removing administration tasks, creating a much more transparent and secure transaction, which benefits both the buyer and the seller. autoXchange will fundamentally change the way the cars are bought and sold, improving the whole process for the buyer and the seller.
Join the autoXchange team on telegram to learn more, or ask any questions you have.
Social Media and Links:
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5051497
Announcement Only Channel: https://t.me/autoxchange
Twitter: http://bit.ly/autoXchange_Twitter
LinkedIn: http://bit.ly/autoXchange_LinkedIn
Facebook: http://bit.ly/autoXchange_Facebook
Medium: http://bit.ly/autoXchange_Medium
Reddit: http://bit.ly/autoXchange_Reddit
GitHub: http://bit.ly/autoXchange_GitHub
Youtube: http://bit.ly/autoXchange_YouTube
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