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Although the blockchain has absorbed the headlines of the last two years, the sector has yet to break through the mainstream conscience.
Much has to do with the fragmentation of the sector in general, with different coins and blockchain offering their own benefits and with their respective communities. However, the industry seems to be aware of this reality, it has begun to fill these gaps to build an industry that could finally enter the realm of mass market appeal.
There is also a new trend of charitable organizations that are created to help bring the blockchain to a huge potential market, those left behind by technology and financial services. The new one from Binance Binance Charity Foundation (BCF), for example, aims to use blockchain to help alleviate many of the problems in the developing world.
Others, like the blockchain-based operating system TRON, we are banking on their technology to help. In both cases, however, there is a movement that leads to social change through the use of blockchain, both in the private sector and in the public sector. The cryptographic and blockchain sectors are starting to change the road charity work.
TRON CEO Justin Sun has recently made headlines with a donation of $ 3 million to the BCFand we had the opportunity to discuss the announcement, as well as the growth of the blockchain in general and its main potential.
What motivated you to donate to Binance?
Everything comes from the vision of TRON. Our network is not a means for individuals or institutions to obtain short-term profits; it was built to make the Internet decentralized again. This same mission is not in pursuit of profit, but rather aims to give rights such as privacy and transparency of data to users, rights that belong and inherently benefit people.
This mission has the same basic principles as charity and non-profit organizations, leveraging the power of the community to lift people and support what we believe in. I believe that to truly achieve these goals, we need community actors like TRON to influence and inspire, creating scope and volume, and we also need large organizations like Binance who share our goals and our vision to work side by side with us. . That's why TRON donated $ 3 million to show our support for Binance, BCF and our common goal of using blockchain for social good.
Can you deepen your relationship with Zhao? Is your donation the beginning of a deeper bond?
A: We have shared a long and meaningful partnership with Binance over the years, and on a personal level, CZ and I are good friends. This is just another step in our long-term strategic partnership.
Have you considered a deeper partnership with Binance?
A: Both companies are open to various types of collaboration, with the donation of TRON to BCF as a good example. I am confident that we will continue to find new and innovative ways to work together to advance the blockchain and cryptocurrency industries.
What are your opinions on Bakkt?
The arrival of an organization like Bakkt shows that the main financial institutions are starting to understand and embrace blockchain and cryptocurrency. We are excited to see this trend and encourage more traditional financial institutions to participate.
Do you think the SEC will approve a bitcoin ETF? If so, when do you think it will happen?
In my opinion, the SEC's approval of a Bitcoin ETF is inevitable, it's just a matter of when.
What should the cryptography market do to go from bear to bull?
The most important thing is doing a real job. There are still many people today who have misconceptions about the blockchain and cryptocurrency industries. For those of us in the industry, we have to work even harder to show people that these technologies can change lives, which can make a substantial difference. This is the key to turning a bear market into a bull market. The progress of dApp built on the chain is perhaps a key index. With our active and functioning TRON virtual machine, we welcome more developers who will work with us to develop quality dApp.
Asia has a lively cryptographic sector, but the governments of the region are far from being friendly towards the crypt. Why do you think it is? See this that changes?
The main reason behind this phenomenon is that the government does not yet understand the blockchain and crypto technology. It is natural to be wary of what you do not understand, so I can see where regulators come from when they make mistakes on the side of caution, just a few steps from the market. But I am happy to see that many governments are willing to learn about these technologies and to commit themselves to regulate and advance them.
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