World Economic Forum 2019: Joseph Weinberg Talks to Equities.com
As previously discussed, our Chairman Joseph Weinberg is representing Shyft at this year’s World Economic Forum in Davos, Switzerland. Joseph sat down for a quick interview with Equities.com’s Matt Bird for a chat about Shyft’s focus areas and what’s coming up. We’ve included a summary of highlights, below.
Matt Bird of Equities.com: Last year you were in Davos and met with the Premier of Bermuda, which later led to the world’s first Blockchain legislation. From that point, everything has cascaded and moved from one country to another to the next.
Joseph Weinberg: It all started here in Davos. The next Monday we flew to Bermuda, within the next three months was had structured the first formal legislation that was passed through law. This set the global standard for what regulations in the crypto space will come to be. It also accelerated the recommendations by the G7 and G20 being pushed forward by the OECD.
Matt: As I understand you’re currently in the process of releasing eID? Name me some of the partners that matter.
Joseph: Burst IQ, SALT Lending (indirect partner), Trunomi.
Matt: Any other countries that you work with?
Joseph: Mauritius has been a big focus for us; they just passed some of the most progressive laws, similar to the legislations that we’ve done in Bermuda and a variety of others are actually on the way.
Matt: What do you see in the change from last year to this year “on the streets”. There’s been a huge cultural shift, in bitcoin and ethereum and we’re seeing that here at Davos.
Joseph: I think it’s a good thing. I’ve been in Bitcoin since 2010, so before it was well known by everyone. I think this is what we call innovational build phases, we have a slow down in excitement and an acceleration in development. That’s the most important thing, you need people to actually build and it’s still a very young ecosystem. The Internet took 20 years.
Matt: What’s coming up for Shyft?
Joseph: We will be onboarding enterprise clients, institutional exchanges, governments, central banks, and others.
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