Phil Siarri speaks to Eamon Leonard, VP Marketing at Montreal, Canada based Timechain. Timechain is an ambitious project by IT consulting firm Leadweb. Its goal is to make trading easier and more streamlined for crypto enthusiasts. The platform aims to become an all-in-one solution to buy, sell, exchange and hold cryptocurrencies.
Phil Siarri: Hi Eamon, good to connect with you. Can you tell us about your background and professional journey?
Eamon Leonard: Sure! I got involved in the blockchain and cryptocurrency world working on the Impak Coin ICO. Impak Coin was the first ICO to be successfully regulated in North America, and it was a big challenge to work with regulators to get there. We learned a lot along the way. Since then I’ve moved onto working on building Timechain, an integrated digital asset management platform that will address the usability issues that have prevented cryptocurrency from reaching a wider user base.
PS: What are Timechain’s core features? What separates your project from other cryptocurrency platforms?
EL: Timechain integrates three core functions that are essential to managing digital assets: a funding platform to exchange dollars for crypto, a crypto-to-crypto exchange to trade a wide variety of cryptocurrencies, and a MetaWallet to safely store all your cryptocurrencies.
What separates Timechain from other platforms is its usability. By combining the functionality of several apps into one, we make buying, selling, trading, and holding cryptocurrency easy.
PS: Nowadays, there is much talk about the lack of compliance when it comes to cryptocurrencies. What is Timechain’s approach when it comes to KYC and AML?
EL: Timechain is working to change that. Building strong relationships with international banking partners is key to making it as easy as possible for new users to buy cryptocurrency, and KYC/AML is important to these banking partners. If we can help to make cryptocurrency more accessible and mainstream by making it easy to connect your credit card or bank account to Timechain, then we’ll consider that a success.
PS: How far are you from a product development perspective? When can we expect a beta release?
EL: On the tech side, things are progressing steadily. We’ve already built and battle-tested the wallet and funding platform, and we are currently working on integrating the crypto-to-crypto exchange. We are looking to time our beta release with our public ICO in Q4 2018.