Is Blockchain Fintech? Yes. Well. No.
Foggy? Mostly, great, clear days follow after a foggy morning.
During a meeting in March 2017, our startup advisor Prof. Rajesh Nair mentioned that we could tap into several Fintech-supporting programs because we are Fintech.
I said, “Well - we’re not Fintech!?”.
I will keep it short. We agreed that we are whenever we need to be, and we aren’t when that’s not desired. Here’s how and why. And our takeaway which I thought worth sharing.
So there are basically two viewpoints. One is coming from -Fintech-
The other one is coming from -Blockchain as a Technology Platform-
Concluding, as of today, both classifications are acceptable, and both statements are valid. Just that it may be important to know who you are talking to and whether you want your project to be purposely or not be - Fintech.
LuxTag provides the first ever digitized certificates of authenticity for luxury consumer products (or machines, or vehicles, etc.) on a blockchain that are updatable, can have messages attached, and their conjoint ownership can be flexibly transferred.
Learn more about LuxTag at www.luxtag.io.
Our project uses the NEM Blockchain Technology, which powers the mechanisms LuxTag leverages on. You may want to check out NEM, too. Who knows! Perhaps NEM can power your next blockchain startup invention, too?