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Blockchain is fantastic
Blockchain technology has had an impact and attracted many people's attention. CEO of ODEM, Richard Maaghul revealed his vision of blockchain technology. He stated that blockchain is fantastic as it allowed transactions to be securely stored on the network. In addition to protected transactions, he added that the blockchain made transactions transparent and unchangeable at the same time. In addition to this, Richard shared his idea about the contribution of the blockchain in the future. He said that blockchain will transform the peer to peer business model and open a competitive landscape between centralized and decentralized markets.
The ProximaX platform uses PoCA
A consensus mechanism is a backbone of blockchain-based solutions. CEO of ProximaX, Lon Wong explained the consent mechanism used by his company. He stated that Proof of Conflation Aggregate (PoCA), used in ProximaX, was the combination of other consent mechanisms such as Proof of Stake (PoS), Proof of Storage (PoSt) and Proof of Bandwith (PoB). He also added that each node was selected on the blockchain to perform a specific task. According to him, each node has been placed in the reputation system and the PoCA of each node has decided on its task.
Like other startups, Blockchain Startups will fail
There is an attribute associated with projects based on blockchain and startups that is the probability of starting to survive. Ragnar Lifthrasir, founder and CEO of Velox.RE, talked about the probability of survival of blockchain startups. He said that like any other startup, blockchain startups are doomed to fail. He also added that those who have had ICO before are more likely to see a failure in the future. In addition, Ragnar said bitcoin startups, rather startup blockchain, are more forward-looking and promising for the long term.
