MOAC Participates in FinTech Silicon Valley Blockchain Investment Panel
MOAC Chief Marketing Officer Cherie Liu was part of Tuesday night’s FinTech Silicon Valley panel event in Palo Alto. The event focused on blockchain investment, and also featured Arca Portfolio Manager Jeff Dorman and RAC Markets CEO Winston Feng.
The panel held a wide-ranging, one-hour discussion on blockchain that included takes from varying perspectives. In addition to her duties as MOAC’s CMO, Liu also serves as a Partner at Outpost Capital, a technology investment group based in San Francisco. During the event, she reiterated the belief of MOAC and Outpost Capital that blockchain’s relevance goes far beyond cryptocurrency.
“Blockchain, as a technology, is broader then ICO’s,” she said. “We’re helping lots of businesses use blockchain to improve efficiency and create real value.”
Feng stressed that RAC, as a more traditional fintech company, is looking to build a bridge between traditional and emerging technologies.
“We’re heavily investing on adopting as much of blockchain into our processes as possible,” he said. “We’ve partnered with MOAC to help us implement that. We believe we can create the best financial products for as many people in the world as possible. That’s why we’re heavily investing our time and resources into exploring technology to ensure that we’re going for the best solution possible.”
A common theme of the discussion was the relevance blockchain has across many different industries. As a relatively new process, major corporations and small businesses alike are still learning about what blockchain can do to increase efficiency, which presents many valuable investment opportunities.
“We chose to explore blockchain as a technology because we believe this is a next-generation type of software,” Feng said. “It potentially gives us a huge edge over others.”
“I think the easiest thing to say with any level of certainty is that the overall size of the market right now at roughly $150 billion is completely understated and way too small when you look at the size and potential of the market,” Dorman added. “There’s not a lot of things you can say definitively, but you can say that this market size is going to grow.”
This thesis is being proven by MOAC on a daily basis. The company has made a concerted effort to build its ecosystem with other cooperative arrangements around the world, such as its partnership with telecommunications giant China Mobile, which was announced earlier this year.
Tuesday’s event was sponsored by Sheppard Mullin, and was held at the company’s Palo Alto location. To watch the full video archive of the panel, click here.
