Opinions from 3 blockchain gurus who got Chanon Jarassuthikul, Asst. Prof. Dr. Udomsak Rakwongwan from Forward Labs and Mr. Jirayut Sub Sri Sopha from Bitkub came to comment on the future of the world’s currency. Cryptocurrency Can it be used in everyday life or not?
Chanon JarasutthikulCo-Founder and CEO ofForward LabsBlockchain FinTech Startups Comment on the Issue “Cryptocurrency Will it become the currency of the world?” In the event Forward The Future To Young Generation: The 5th Career Path in the Blockchain Industry
The problem that I see to the present, for example, gold. In the matter of settlement, gold trading cannot be done 24 hours a day. There are still market closures at certain times even though the gold price runs 24 hours a day, such as walking into a gold shop, the unit weight of gold in Thailand and abroad is also different. Thailand is known as the baht. Most foreign countries use Troy Ons. The weight is different. Therefore, the price rate of Thai gold is inconsistent with foreign ones. Thus, the platform we are developing is able to tokenize gold, can lend, borrow assets can be short, long, gold futures are born. in the digital world for sure
Asst. Prof. Dr. Udomsak RakwongwanCo-Founder and Advisor ofForward Labsadded that
What Makes Blockchain or Cryptocurrency To be mainstream, it relies on 3 things: Utility, Simplicity and Security.
For Utility, there must be a real use case. Let me give you an example. If asked, do we know how much carbon each shirt produces? Wouldn’t it be nice to go to the mall and something tells us how much carbon this process produces? I asked how we can believe this information, he may have produced one hundred but put eighty. One day when the competitors are lower, they can fix the numbers. This information here can be solved at any time. Therefore, blockchain is a technology that once we put data into it, it cannot be modified. Next, it will make brands more competitive over who produces the least carbon. who loves the world the most I believe that the trend of blockchain to save the world will come.
Simplicity If today we still say that people use it, it has hash, it has to have Proof of Work or Proof of Stake. It’s hard to make our parents’ generation understand. Therefore, it must be as easy as a normal bank. Scan and pay enough If you want people to use the bank’s app, but come into detail that the back of the house has details like this, I think I’m tired. people definitely don’t use
Security: People say blockchain is safe, but it’s in the news daily. Therefore, we have to convince most people that it is really safe. I have to believe that the money we sent to a friend of one million baht in England. Friend will get that one million baht in the account. It has to make people believe in infallibility and in speed. All of which can make blockchain or cryptocurrencies go mainstream.
Jirayut SupsrisosophaFounder and Chief Executive Officer of Bitkub Capital Group Holdings Company Limited said:
“I guarantee that in the future money will not be 100% paper, money will be 100% digital due to global warming called Carbon. The division has 52 billion tons, of which 26% are generated by the production of various energy sources and 74% are generated by all our lifestyles. Above all rules is the world we must survive. To survive we have to stop using paper as money. So by 2030, Net Zero will happen.”
Another reason is that if we still use paper money to transfer money abroad it will take time. and high fees If cryptocurrencies will not have a high cost like banks, no intermediaries, in the end, there will be no cost to collect customers. And another reason is that the issue of Micro payment or Nano entrepreneur happens is the use of digital money or Cryptocurrency that spins faster than paper money
By the Forward The Future To Young Generation activity: This career path in the Blockchain industry was held at King Mongkut’s Institute of Technology Ladkrabang. Faculty of Engineering Auditorium You can listen in full on the fan page. Forward Labs from linkthis
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