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Today I speak with Velo Lab’s Commercial Advisor Michael Cowans about their Next Gen. Financial Protocol for Businesses that is making waves in South East Asia. So what is the Velo Protocol? Velo is a blockchain based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. The Velo Protocol is a value transfer engine designed to consist of two components: a Digital Credit Issuance Mechanism and the Digital Reserve System. These core elements will enable multiple business use cases that are all based on its core function: that of issuing collateral backed digital credits that can be used for frictionless value transfer.
Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia followed by the wider Asia Pacific region and beyond.
0:10 Intro with Michael Cowans
0:30 Brad’s disclosure.
1:40 Michael’s Background & work experience
3:14 International Remittance & Velo’s role.
3:35 Velo Labs introduction by Michael Cowans
4:50 Starting in the Asia Pacific Region: why this region is ripe and ready.
6:40 Lowing barriers to entry for real business. Traditional banking and finance backgrounds.
7:10 Cultural knowledge is also key in building the success of Velo Labs.
8:15 The Velo team’s skillset, the team’s credentials & discussion of market fit atm.
9:20 CPGroup discussed/referenced- connections to founder.
10:05 Team experience and skills. From Tech to Banking to Finance- strong experience pool.
12:10 What sets Velo apart from competitors- especially in the context of remittance & payments
13:15 The differentiator with Velo Labs- The Chairman of Velo Labs; Very powerful entrepreneur, member of the CPGroup (an extremely successful global conglomerate)
14:40. Immense business connections of the founder, Chatchaval.
16:15 Let’s discuss more about Chatchaval and the significance of his role and biz connections.
20:30 The Velo Tech. The foundations of the Velo Protocol. Built on top of Stellar, with input from Jed, a significant contributor to coding, crypto and blockchain startups.
22:07 No need for a middleman in the Velo Architecture; removing third party friction via a sophisticated digital credit system.
25:14 A specialist chain: remittance-focused chain aimed squarely at enterprise & real business.
27:20 A tried and test chain underpinning Velo; could this be a perfect fit?
28:01 Digital Credit Issuance & the Digital Reserve System- explained.
30:40 Trusted partners and why it matters. Addressing the many partners helping build out liquidity.
33:25 Token Talk- let’s discuss the why. Both collateral and eco access functionality.
34:14 Use cases of the token. Rationalising the need and use of the Velo tokens.
36:06 Serious Business Partnerships in detail. Some specific companies.
40:00 More on Partners. From all over Asia.
44:17 Strategic partners geared to effect adoption; especially given the real world business links.
49:10 Community Engagement, Marketing Planning.
52:43 The Velo RoadMap: several well thought out phases. Q4 2020 Phase 1 and beyond. only months away!
59:11 Social channels, links and final statement. (See links below)
1:00:10 The Velo door is open to the community- closing.
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This was sponsored educational content. I have no received financial compensation for doing this video as yet, but there has been a verbal agreement made to do supportive content over a set period of time for compensation.
I have not invested in Velo protocol at this point in time. I will update here should this change.
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