Category: News

Wadz, RelationWork headlines discussion on blockchain payment and its impact on businesses

Emerging technology payment solutions company, Wadz Pte Ltd, successfully headlined a panel discussion alongside several noteworthy companies such as web portal services provider, RelationWork, and non-profit blockchain academia, the Institute of Blockchain.

While the panel discussion primarily revolved around blockchain payments and their impact on businesses, it also went into current real-world applications of blockchain technology and cryptocurrency as well as macroeconomic-based insights that participants can use as leverage to transform their respective businesses.

Among the distinguished panel of speakers are c-suite executives from myriad industries. One of them was Growth Marketing Studio CEO Thibaut Briere who has been in the B2B marketing for more than 13 years. Thibaut spoke about the importance of educating prospective customers about what blockchain is before introducing a blockchain-powered product. “Since there are many complexities about blockchain, education should come first,” Thibaut explained. “If they understand the value of your product, then it is easier for you to market it.”

The next speaker, Institute of Blockchain president Alvin Chua, is a leading fintech leader in Singapore, having received multiple awards in the field and is the curator of the first cryptocurrency course in the country. His talk focused on profitability and usability noting that apps driven by blockchain raised millions of US dollars in 2018 alone. “Cryptokitties, which are basically digitized beanie babies, amassed USD 15 million last year,” Alvin said. “Its highest transaction was an unbelievable USD 170,000 for a digital cat sold over a blockchain network — that is the future.”

Wadz Chief Operating Officer, Ghislain Bonamy, tackled the final topic of the night — infrastructure. He spent years developing analytical technologies and co-founded an Ethereum-mining company. He elaborated on the company’s blockchain-driven payment platform which has been gaining significant traction in Asia, especially after it announced its IEO crowd sales in November 2019. He also expounded on how Wadz’s infrastructure provides solutions to some gaps in the current financial system. “Our platform allows real-time data exchange and financial access for all at low transaction fees while utilizing a simple user interface,” Ghislain said. “Our platform is also supplemented with AI technology for targeted marketing, market trend predictions, cash flow management, and inventory management.”

This is just a first in a long line of blockchain forums that Wadz has in the pipeline. Its next major event will be at PSB Academy City Campus on October 25, 2019. The said discussion will focus on the impact of blockchain technology on finance, logistics, and global travel.

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