All old again becomes new with the new Forbes list that is telling the best entrepreneurs in the United States and Canada.
From rescuing people out of prison to new payment technologies, young innovators are seriously shaking some of the hard-core industries in the world, but also the FinTech sector with its niches like Blockchain or Criptovaluta.
Nader Al-Naji (26)
In April, 26-year-old Nader Al-Naji raised $ 133 million from companies such as GV (formerly Google Ventures), Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz and Sky9 Capital to create a cryptocurrency.
Its cryptocurrency base tends to use blockchain technology to replace central banks in countries suffering from currency volatility. This Syrian-Lebanese immigrant started with a bitcoin facility that he built in his Princeton dorm. He even quit his job to work on his cryptocurrency, which has an algorithmically determined stable value. In theory, this will make it more useful as a currency and not just a vehicle for speculation.
After seeing how volatile Bitcoin was, he decided to create a digital currency that did not have an enormously fluctuating value. He published an early currency white paper in 2017, describing it as a "stable cryptocurrency" that will maintain a relatively fixed value, so that it can be used to make purchases. Unlike the stable Tether token, which has a constant value linked to the US dollar, the Base value is algorithmically controlled on the blockchain. When he started mining, in 2013, he extracted 22 bitcoins. When asked what he did, he says:
"I'm still HODLing"
The use of this acronym criptovaluta which stands for "hold on for dear life" means that at the time of writing this article, 22 bitcoins have a value of around $ 138,000.
Olaoluwa Osuntokun (25)
Lightning Labs co-founder Olaoluwa Osuntokun, 25, had to raise $ 2.5 million to increase the speed of transactions on bitcoin blockchain, making it a more viable system for smaller Venmo-type transactions that make them cheaper. An immigrant from Nigeria, Osuntokun is a frequent contributor to the underlying bitcoin protocol.
The Lightning network is a duplex network micro-payment channel that allows almost infinite scalability for Bitcoin-based digital payments. Bitcoin transactions are no longer used directly to transfer bitcoins from one sender to a recipient, but are used to set up micropayment channels and manage conflict resolution.
JB Rubinovitz (26)
Mechanical engineer JB Rubinovitz, 26, co-founded Bail Bloc to create a blockchain-based system in which mined cryptocurrency can be used to pay bail for those who can not afford it. Bail Bloc assigns a small percentage of the computing power in excess of the operating device to my cryptocurrency.
Bail Bloc destroys Monero, a relatively energy-efficient cryptocurrency and transfers the prizes he collects into a central pool, which is converted into US dollars and donated to the Bronx Freedom Fund. To accumulate cryptocurrencies like Monero, users must "extract" it using a computer's processor. Once installed on the user's computer, Bail Bloc uses a small amount of computer power to extract Monero in the background, so the daily use of the computer is not changed.
Hunter Horsley (28)
Hunter Horsley, 28, managing director of Bitwise Asset Management, is trying to build the avant-garde of cryptocurrencies. The four Bitwise cryptocurrency indexes are currently used by over 600 multi-family offices. His company introduced a private index fund on which they operated last year.
In July, during the Fast Money ConferenceHe said:
"In our vehicle (investment) management experience – handling custody applications, treating all trading partners, hitting the NAV (Net Asset Value) every day, audits, taxes, hard forks, launches (etc.) – there we feel that it is possible to effectively manage an index vehicle ".
Horsley continues to try to draw attention to the fact that the industry is far from a one-sided currency, saying:
"They (the investors) think that something promising could come out of the public blockchain could emerge a cryptocurrency that could be really precious and an index is a way to capture it I think a large part of the focal point of registered public products, like ETFs , have been on Bitcoin because there is a narrative that Bitcoin is digital gold. "
Forbes vs Blockchain
The Forbes 30-Under-30 list is a further indication of the growing influence of cryptocurrency and blockchain technology that expands from a Fintech niche to an industrial maximum weight in its own right. Last month we mentioned that this commercial media giant announced its partnership with Civil, a blockchain-based journalism platform. The partnership will make Forbes the first major media organization to commit to regularly publish content on the blockchain.
Matthew Iles, CEO of Civil, said:
"Civil's mission is to nurture sustainable journalism around the world and Forbes' commitment to regularly publish content on our platform is an important milestone in our approach and we look forward to working with Forbes as we connect with a wider audience interested in new, more direct ways to discover, share and support ethical journalism. "
According to the agreement, Forbes will begin to publish some article metadata on a blockchain platform at the start of next year.