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Blockcast: Hi Pak, great to have you on Blockcast. First of all, can you do a brief introduction of yourself? Your experiences, and how you got into the blockchain industry.
Pak: Hi, my name is Chow Pak Teng, also known as “Pak”. I run a company called Blockspace Asia, a platform to connect SMEs to Blockchain Solutions through Education and Adoption.
We conduct monthly events to bridge the learning gap between traditional industries and how new solutions such as Blockchain can enable new possibilities to save cost, increase trust and improve efficiencies on an enterprise level.
Some of our partners include Singapore Business Federation, SME Center, Enterprise Singapore, Huobi, Quest Ventures, Linfinity and many more renowned enterprises
Blockcast: What is your views on the current crypto market?
Pak: We are slowly moving past the stage of hyped up ICOs and price speculation around crypto I hope.. But moving closer towards the maturity phase for Blockchain and Cryptocurrencies. With more use cases surrounding Security Tokens or Token Based Assets, we can expect to see more adoption around this technology as the volatility becomes more of a secondary concern. However, we still need to see more projects coming in to solve the hurdles with Usability, Scalability and also Accountability of crypto based assets.
Blockcast: Anything else you’d like to share with our viewers?
Pak: For mass adoption of blockchain to happen, it has to start with the businesses that are providing a product/service to the end consumer. We can’t expect the average consumer back in 2007 to go for a smart phone workshop to create a next generation smart phone. But we needed Steve Jobs to launch the first ever iPhone and sell it to consumers at $1000. We need to make Blockchain that accessible and invisible in order to have mainstream adoption.
Blockcast: Thank you Pak, for your sharing with us today.