While cryptocurrency prices are stable and investor interest remains low, blockchain’s potential to transform and disrupt industries continues to attract those looking to build, regardless of digital asset prices.
Lars Seijer Christensen, founder of investment banking firm Saxo Bank, told Cryptooshala that the inherent features of blockchain made him decide to jump into space and launch a blockchain project called Concordium. He explained that:
“I am fascinated by the many ways in which blockchain can be used in the real world to improve data security, proof of ownership, and improve the efficiency, traceability, and provenance of many processes.”
Christensen said technology will invent new business models in the near future. However, the executive believes that the cryptocurrency investment scene is very immature compared to traditional finance and there are many projects that will not survive. Regardless, Christensen also indicated that there would be those who would rise from the fog. He said:
“Projects of chatter and hype will fail, but great projects and companies will rise from the dust for the economy of the future. Thus, this is a healthy shake-up that will focus investors’ attention on the quality of technology and science in the coming years.
As one of Saxo Bank’s early Internet users, Christensen mentioned that there was “a lot of nonsense” at the time, and this is similar to the current state of the industry. Despite this, the leader trusts technology. “In my opinion, blockchain has the most transformative potential of any new technology since the Internet,” he said.
When asked if he had any advice for those who also have a traditional financial background and are interested in blockchain and crypto, the executive said they need to show perseverance and courage to be part of the emerging space.
In addition, he also has some tips for people during the crypto winter. According to the founder of Saxo Bank, investors should do their homework and carefully analyze what projects are really needed.
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Credit : cointelegraph.com