Ronny Boesing at Nextgen Payments Forum Malta: The Next Steps in Blockchain Implementation - Worldwide Regulatory Changes

Payments , Banking
26.02.2018 06:47 am

Fintech and banking experts are set to gather in Malta on 27-28 February 2018, to participate in the 3rd Nextgen Payments Forum.

Global industry leaders will engage in thought-provoking discussions on burning issues such as, digitalisation of the financial sector, PSD2, GDPR, data protection, compliance, growing competition among banks and fintechs, as well as cryptocurrency and blockchain. Special emphasis will be placed on blockchain, to be discussed by Ronny Boesing, Co-Founder & CEO of the world’s first blockchain powered conglomerate - OpenLedger.

Ronny Boesing describes the main features of OpenLedger APS and the benefits available to end-users:

The unique aspect of OpenLedger is the mixture of platforms that interrelate with each other. OpenLedger is a blockchain powered decentralized conglomerate, based in Denmark. The company OpenLedger ApS offers Blockchain-as-a-Service (BaaS) in a number of fields and is constantly seeking new opportunities for innovation and development, in order to expand its portfolio of projects. We strive to create an ecosystem of blockchain-based solutions which cross promotes and market of each other. This is done, by ensuring that the different platforms complement each other; each platform has its own specific focus that has the potential to leverage the others.

Currently, OpenLedger offers a decentralized cryptocurrency trading platform based on the Bitshares blockchain - openledger.io, where cryptocurrencies such as Bitshares (BTS), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and EOS can be traded. Many other blockchain-based platforms are under development. They will offer such services as: all-in-One Payments Card, Demand Side Advertising Platform, Freelancing Platform.

Based on your preference, list several problems that your solutions helped your clients to deal with or success stories you are most proud of.

OpenLedger is a complex conglomerate that offers differentiated solutions for different customers. With cryptocurrency exchange at its core, OpenLedger diversified its portfolio of services by offering crowdfunding-solutions. OpenLedger was one of the first companies in the world to offer BaaS (Blockchain as a Service). Therefore, OpenLedger covers a wide range of cryptocurrency and crowdfunding services, ranging from token creation, IT development, marketing as well as legal assistance.

OpenLedger has had numerous successful collaborations with different parties. Three of the most crowdfunded ICO projects among many others are Crypviser, Scorum as well as Karma. OpenLedger has managed to create a long-lasting relationship with the three parties, by offering advanced solutions to their problems. For all three projects, OpenLedger solved issues ranging from blockchain development, to marketing as well as the token creation process.

Apart from the above, a successful crowdfunding story, OpenLedger DEX provides a decentralized way of transacting cryptocurrencies. With a volume of more than 1 million dollars daily, OpenLedger DEX empowers its users to trade on a decentralized exchange, where users have full control over their funds. We are proud to say that the OpenLedger DEX has proven to be a reliable cryptocurrency exchange alternative by offering up-to-date solutions for its customers, such as:

Global accessibility
Customizable anonymity
Industry-grade security
Freedom from counterparty-risk
Flexible account control
Low transaction delay
Worldwide decentralized network

HubDSP is OpenLedger’s programmatic advertising platform for different crypto and ITO projects. OpenLedger has used more than 31 million cookies globally for segments such as Cryptocurrency, Blockchain Technology and Bitcoin. More than 134 million cookies were used globally for the top-level Finance Industry segment as well as Trading and Investment. Marketing campaigns and banners have been created on websites such as coinmarketcap.com, coindesk.com as well as coingecko.com among others. HubDSP advertises its clients on over 300 crypto-oriented mobile apps.

All in all, we are proud of HubDSP because it provides solutions for its customers in terms of:

Saving money
Saving time
Growing their brand
Increase customer conversion

Which OpenLedger ApS services or solutions have changed the industry and which industry problems have you solved by implementing OpenLedger ApS?

OpenLedger revolutionized the trading world by being one of the first Decentralized Exchanges on the market offering cryptocurrency gateways. The solution offered by OpenLedger empowers its users with full control over their funds, and at same time enables the entry from outside blockchains to trade and convert for hedging purposes to a native stablecoin and as such a safe haven from the constant volatility. With a native coin as example, the stablecoin, the risk of loss due to the highs and lows of the crypto are reduced drastically and with full control the risk of theft is limited and can only be caused by the actions of an individual over its own funds.

The network of the decentralized exchange also known as BitShares, which OpenLedger is using to offer their many gateways have helped solve the security/theft problem, which all exchanges have to deal with. The most prominent thefts having involved centralized exchanges such as MtGOX, Bitfinex, and recently Coincheck.

Furthermore, OpenLedger’s HubDSP has changed the digital advertising industry by combining precise targeting with high-quality traffic and creative banners. We help turn our customers’ ideas into reality by bringing their products to the market quickly and effectively.

What are the main challenges you are currently facing due to a rapidly changing industry and user needs?

It is still an issue that most governments and people in general are very skeptical about when it comes to blockchain, and especially cryptocurrencies. This uncertainty makes operating a blockchain company rather challenging - mostly because governments and countries have very different laws and regulations in place that you have to navigate in. And these laws and regulations can change from one day to the next.

Even though cryptocurrencies should be decentralized, meaning that it is peer-to-peer money, it is still important that governments align their expectations and regulatory approaches. This is necessary if they want to create an environment where blockchain companies can thrive.

Currently work is being done to create international ISO-standards for blockchain technology. This will hopefully help create some common ground, where blockchain companies and governments can meet, and agree on the basic requirements that have to be met. However, ISO-standards take a long time to develop, since there has to be an international general consensus for it to happen - it will take a couple more years before ISOs will be ready to be implemented in practice. So governments need to engage now if they want to have any chance of riding the crypto- and blockchain-wave. They especially need to figure out where they stand in regards to the cross-section between cryptocurrencies and fiat money - at least in these years where we need to transition from fiat to cryptocurrencies.

Apart from the ISO Certificate Creation, cryptocurrency exchanges have difficulties in collaborating with banks. It is of utmost importance (until an alternative solution will be found) for cryptocurrency exchanges to maintain a long-lasting relationship with different banks, so that users can withdraw and deposit fiat currencies.

How would you describe the users of your services? What features are most important to them?

As we are a complex conglomerate, so are OpenLedger’s users, a mix of demographics across industries. However, we would classify our users in three main categories:

Traders – The first category of users would be the daily traders that hold long and short positions on the OpenLedger DEX. With over 1 million dollars traded on our exchange daily and with a steady increase as well as an average amount of signups daily of 500 users, we can say that the number of users of OpenLedger is growing significantly from day to day which emphasizes a steady improvement in our services.

Crowdfunding and Advertising Users – The second category of users would be the people that use our offerings for advertising and crowdfunding campaigns.

The everyday mainstream user - with the platform eDEV is the first of more OpenLedger projects to start offering mainstream users an access to the blockchain technology through the way they get paid and in many cases they may not even know.

Governments and NGOs – OpenLedger has the experience and expertise to advise both governments and NGOs in exploring and realizing the benefits of blockchain throughout their services and operations

Within the upcoming year, what new developments and innovations are you planning to put in place?

One of the most anticipated projects of OpenLedger is eDev.one, the freelancing platform based on blockchain technology. We are going to take an innovative stance and disrupt the freelancing industry by releasing our brand new freelancing platform.

We expect an impressive and ever increasing amount of users of this new freelancing platform making use of the decentralized exchange for its marketplace as well as the economic part offering speedy, secure, and transparent ways to settle a contract (www.openledger.io).

Learn more about 3rd Nextgen Payments Forum taking place in Malta and networking possibilities with Ronny Boesing by contacting us at info@qubevents.com or visiting join.qubevents.com/attendance.