Global fintech and funding innovation ecosystem

Ep27-Mar 1: Blockchain Gaming and Esports with Shidan Gouran

NCFA Canada | Mar 1, 2019

JOIN US ON A STORYTELLING JOURNEY EVERY FRIDAY.

FF Ep27 Shidan Gouran banner800 - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran

Ep27-Mar 1:  Blockchain Gaming with Shidan Gouran

About this episode:  On this week's episode of the Fintech Friday's Podcast our host Manseeb Khan sits down with the CEO of Global Blockchain Technologies Shidan Gouran. They chat about acquiring X2 games, Facebook getting into the blockchain, and the future of Fortnight - Enjoy! (Transcript)

HOST:  Manseeb Khan, Fintech Friday's show host

GUEST:  SHIDAN GOURAN, CEO, Global Blockchain Technologies (Linkedin)

BIO:  Shidan is a serial entrepreneur who helped pioneer unified communications and the connected consumer electronics industries. He mined his first Bitcoin in 2010, and has been involved in cryptocurrencies ever since. He has been widely quoted in business and tech publications on matters relating to blockchain technologies and cryptocurrencies, and currently serves as CEO of Global Blockchain Mining Corporation, a publicly-traded cryptocurrency investment company based out of Vancouver, Canada.

global blockchain technologies logo - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran

Subscribe and tune in each Friday to check out the latest movers and shakers in fintech.

Listen to more podcasts here: Season 1 | Season 2

 


Transcription of Interview

Intro: Welcome fintech Friday's a weekly podcast brought to you by the National Crowdfunding and Fintech Association of Canada and partners.Covering all things fintech block chain be AI and alternative finance.

Manseeb Khan : Thank you so much for sitting down with me today. I'm super excited to jump right into today's topic.

Shidan Gouran: Great. So am I Manseeb.

Manseeb Khan : Awesome. So, could you just before the audience that may not know essentially who you are and the amazing work that your company is doing could you just give us a quick rundown?

Shidan Gouran: Yeah. So many. My name is Shidan Gouran. I'm the CEO of Global Blockchain technologies and a few other companies from the blockchain space. Global Blockchain technologies  recently merged with a gaming company created by. Noel Bushnell who is the founder of Atari and that's called Global Gaming now. Global Gaming Technologies. And separate to that I'm an investor in the space. I've invested in a lot of game related startups and it's an area that I'm very bullish on for the future.

Manseeb Khan : Awesome. So, I'm going to try to dig a little bit more into this so how did this whole like gaming initiative really start. Was it like I mean like where you a huge fan of Atari growing up and then now you get that kind of work with the actual like the creator over like how? like what's really the story behind you getting into the gaming industry?

Shidan Gouran: Yeah. So, I was a huge fan of Atari. Like everybody else my age practically. And you know so it was thrilling to meet Nolan and you know learned that he started a company back then in the blockchain space and blockchain the fight for the gaming industry. And that's an area that I  thought was a perfect fit. It's like a glove for a hand. It's blockchain can really change that industry dramatically because it brings fairness to keeping score. It allows trading of digital assets. And it allows trading of games and whatnot. All these things. A small independent. Publisher can do just as well as the largest publishers. Through these technologies. Right. Right. If a small publisher who you know. Three people working. Let's say 12 hours a day on a game. In their basement. They're not going to have the opportunity to really architect and build an in-game economy. They'll build an in-game wallet system for trading these things and the customer support that comes with it. Just  doing multiplayer game, simple casual multiplayer games is very difficult over the Internet without partnering with a large portal. All these kinds of things can be. Solved through these technologies that make commerce and trading things very easy and allows anybody to create a solution like. A. PayPal let's say. Well in theory there's still I mean  I'm talking about digital assets here  not fiat currency obviously. But to build something infrastructure that that's not robust that not secure and allows trading of these things and keeping track of things. Allowing games to federate with each other so you could have a group of games that decide to federate and use. One In-game currency or one matchmaking service that's not owned by any particular person. But all of them together. All these kinds of things are possible through blockchain technologies. They're different things. But I think I think they're going to be having a dramatic impact on the sector.

Manseeb Khan : Just I mean like just sticking with the whole merchant aspect or just you know just like being able to like buy and sell and trade games and just have like in the indie game creators kind of just all like jump in and just like stand like just federate together and stand behind like a token or coin or what have you. I mean that that that in and of itself is very interesting because now with I mean as a gamer myself I'm sorry.

Shidan Gouran: It's not just standing behind a token it is standing behind one database   right so what it would mean. They can share the same users the same ranking of the users the same token you know the digital assets everything. Right. If it becomes it becomes a social network for them essentially that they can tap into and use. So, it's not just Facebook but they have their own users on the platform that is theirs and the people that are federated with it. So that's  a really big deal right now. Right now, we're not seeing where we're actually seeing decentralized social networking really gain more steam than anywhere else. It's in games that it's not on clones of Facebook or YouTube or anything like that but it's all these publishers were building their solutions on one common block chain infrastructure with one game and there's many of it. Right now, the two contenders are EOS and Ethereum and it looks like EOS is leading the pack. We've we started an initiative there as well and we we're working on it prior to the crash of the markets. We still have great partnerships there and are looking to see how we sit in this ecosystem as it builds up. So, you know this this is an area that that we're extremely interested in. It's very early days. What are you What are you what I can also tell you is for example a lot of small really artistic and talented groups are forming around? Recently I met with somebody from a company called blockade games. They've taken something like crypto kitties and really taken that to videogames on a level that I've only seen a few other startups do. But they are popping up so you can each clothing each item is actually represented as a token. It's all stored on the block chain. It's all accounted for there the wallet is there and they're tradable between people without these people being involved in any way shape or form. So, it is it is really interesting how the space is evolving. Interactive Media! Interactive Media is becoming a lot easier. So, you saw Bandersnatch you saw a bunch of other things come out this year like Resident Evil  who's doing a movie that's you know interactive in the sense of decide how it evolves and everything. These things are being dignified and prizes are going to be a big part of it. So gaming is changing rapidly. You see what's happening with Esports it's becoming more popular than. Traditional sports.

Manseeb Khan : Yes, they're getting very competitive there. They're starting to worry competitive I feel like Olympic a lot like Olympic numbers now like EA Sports is getting massive which is just incredible.

Shidan Gouran: It is it is. And all of this together I mean I mean EA Sports you win prizes. The game there's betting involved all these kinds of things tie into block chains and the digital assets. Economy worlds and gaming. It's going to be a huge driver for her retail I.T. it for this decade. So, 2020 to me is a big year for gaming, I think it's going to be. Personally, I think it's going to be bigger than cannabis actually real. That's what millennial's do. I mean I mean right now the most popular stock. On Robinhood is Aphria Right. So, they smoke pot and they play video games. You talk to a millennial.  That's what they do and that's why this is gonna be so important. Facebook and companies like that  their biggest threat in my opinion the gaming worlds that let you do social networking and do everything. I think we realize that and Just with the way everything is going this new culture that's being built up around them it's a really important space thing that's been good, I think.

Manseeb Khan : Yeah, I agree with you. I think it’s kind of makes sense why Facebook way back when decided to buy Oculus right because they knew VR gaming is going to be the next frontier that they really have to capitalize on. Right. Like you said like 2020. Yeah. Because like now we have like if you get an iPhone you go on the app store like the 8th and if you go into like the little categories AR gaming right. Augmented reality gaming is huge right. This explains the whole like Pokémon Go. It blew up overnight because it's just it's interactive and like this is just going to be the first of many. Right.

Shidan Gouran: Yeah absolutely right.

Manseeb Khan : So I mean like this is just this conversation is actually very interesting because like now with blockchain what it really is  it's starting to create an actual true community for gamers for not only gamers but like for creators for designers for everybody is kind of creating this whole, this union because right now I mean I guess the only way people can kind of like the closest thing like an actual community would be either if you go on twitch and you watch a famous streamer or if you can go on Discord watch your famous or just you know  go on chat. So, I mean yeah how else is blockchain gonna just radically change like gaming scene. Aside from just creating this amazing community?

Shidan Gouran: Well the community the most important thing. So, I don't think it necessarily needs to revolutionize it in any other ways. Do I. Do I think Discord is going to be replaced by a decentralized platform anytime soon? No, I don't. But do I think a platform like Discord will come by that you know relies on ideas and user it's being stored on a block chain but it's still a centralized service that those users have to you know sign up too much in the same way that you sign up too many services using your Facebook ID. But no. You can do that without Facebook. And I think what will be attached to that is also your tokens your holdings your scores certain things which can be put on a block chain but certain things that you're not going to replace all the centralized features of a death squad or YouTube in the next decade probably but you are bit by bit going to have more of it decentralized and solutions are going to come by that that use though. So very interesting is what Mark Zuckerberg has recently been saying about block chain technology because he actually I just discovered this recently agrees with me on this and for somebody like that who's an incumbent to say this is the future and this is what we're looking to do. We're trying to figure this out ourselves. It's a huge deal because he doesn't need to, but you know Facebook does it and doesn't need to compete to compete with blockchain at this point. It is the incumbent in the world that he doesn't need to compete with anybody and yet it seems that this is going to be disruptive and this is the future. He makes it very clear that that he believes decentralized identity is a very important area for Facebook and he believes. Blockchains are a major potential solution here. So, bit by bit you are going to see blockchain become the database of everything and where it's going to start is with identity and you know accounting for things like value transfers and eventually it's going to be everything right. This will be the back end of everything, and everything will be an app on your kind of commons just  like other commons we had in the world like the park or anything right. So, it's but that's I think the promise of block chain and that's how they're evolving. You're not going to get the TV industry adopting it you're going to get small gamers. Yeah and people like. You know were able to see farther in the future like Mark Zuckerberg who says yeah you know what. We're not going to compete with that.

Manseeb Khan : We're gonna join it. Now I agree with you I mean just harping on what you just said like the whole TV industry. You're not going to see them or even the movie industry adopt it anytime soon you to some small renegade you're going to see gaming communities you going to see like other small little pocket ecosystems really fully adopt and  really take advantage of it and then sooner or later like this is probably what 2030, 2035 TV might start considering or even if it's still around.

Shidan Gouran: I absolutely I was very surprised to hear Mark Zuckerberg recent opinions on this space because so many of his initiatives rate his initiatives are really amazing in this space. You know I can see that coming from a telegram game I can see it coming from an indie game developer. But to see a major incumbent say that this is the way we're going. We haven't seen that from Google for example Google is doing nothing in this space because you know common. Sense tells you this is eating their own lunch at the end of the day. It gets rid of platforms right. It doesn't get rid of publishers, but this space can get rid of platforms and you know. At the same time, you are seeing some major game developers and you are seeing as I said parties like from major, I guess the largest platform in the world for social interaction kind of saying yeah, we're exploring the space too it's not just these small companies.

Manseeb Khan : Yeah I mean if anything this kind of gives all this gives a lot of market validation right because like just like not only the work that you're doing in the blockchain gaming space but like just what the other it like the other guests that I had on the show that are doing other aspects that that also involved blockchain like the fact that like you having  Mark Zuckerberg like a we're kind of like saying like hey you know this is something we're looking into this is like Okay thank god this is like a breath of fresh air that like hey you know we're not crazy like we told you this is coming. This is the amazing work that we're doing now. The fact that he has a validation this is only going to like to propel this until another into the stratosphere.

Shidan Gouran: Yeah. I mean I mean just to give you an example of the kinds of people working on applying blockchain to gaming. Right now, you have. Fortnight's founder who is who is developing solutions around the states and very much involved and passionate about it for example. He is developing Tim Sweeney. Developing solutions on the EOS blockchain. And you have people like Again Nol Bushnell either the list can go on and on. It's absolutely amazing. How strongly the gaming industry has embraced these technologies these decentralized technologies. I mean it kind of does make sense because they are the best developers actually somebody who is you know built an A.I. engine or is very good at computer graphics. It's much easier for them to pick up any technology because they're already at the forefront of as far as skill sets. They have been you know even in the 90s they were somebody who understands computer graphics from back then is a very good developer. Blockchains are still not very user friendly. I need somebody who can who can you know dive under the hood and understand how the code works. You can't hire your average web developer and expect them to take a blockchain technology and build solutions for you. Because cookie cutter templates and frameworks haven't really been developed yet. You are yet to actually understand the protocols. You have to actually understand how the technology works and the low-level details become much more important. So that's maybe one reason why people in the gaming world are adopting it more than people. You know your average web site entrepreneur for example because for them it's too difficult. Well for the people in the gaming world they already are so technical It's actually an easier challenge to approach.

Manseeb Khan : Yeah, I mean it's light like you mentioned. It's taking away platforms and it makes sense like gamers or game developers and gaming entrepreneurs are it makes sense that they'd take on blockchain a little bit more openly because they are on the forefront of these kind of technologies right. I mean like sooner or later like just a fortnight example right you're going to see them probably building and not build an A.I. that's going to probably just make the game that much more fun than before interactive and just have like you know, now at Right now you have a creative mode right. Like if I just took over creative mind just having all these cool little missions and adventures and everything, I just like its endless fun. It really is endless an endless adventure.

Shidan Gouran: Already a lot of the AI machine learning and more traditionally AIs and gaming it's the science actually one of the areas that that's always been at the forefront of that. And I think I think as the solutions increase yeah, you're going to see a lot more of that you're going to see a lot more bots. So, I think and independent agents in these games for sure that you don't have today just look at how much chat bots have improved in quality since Siri came out right. It's still not really commercially viable that. But there was a little hype bubble in the chat bot space because people were amazed that these things are so much better. Right. It was just a few years ago you couldn't call into a phone number into an IVR. You know one of these phone menus. And have somebody ask you what you are looking for and be able to directly properly. These are things that the people are kind of not realizing how much they've improved. Right. So, I am very bullish on A.I. and in gaming and I think that's a very interesting area as well.

Manseeb Khan : A little bit more of a tangible example. I mean what this could is more of a hypothetical question right. I mean like I guess how radical of a change would block chain bring to say a game like Fortnight.

Shidan Gouran: Well it'd be incredible, I think. And you know so. One thing is again you would have an independent user base where people from fortnight to play in other places and maybe even characters could grow in other worlds other games maintain their digital identity maintain their assets. Trade their assets very easily fortnight as recently getting into the e-sport space then people mistakenly think that fortnight is not a good platform for E-Sports. But you know it's the early days it takes a while to build technologies and platforms to make sports interesting for the I mean a game like fortnight interesting to the youth sports world. Right. So, betting on a fortnight for example is can be immensely popular because all sorts of rich events you know you're not just winning you're losing how you kill somebody, what you do, what weapon you use, all these kinds of things are all betting events it becomes very rich. And you're seeing solutions where you can focus on a certain number of players and you know again some very creative people coming by with methods, you're just seeing this pop up now where you can follow a fortnight game and it's very entertaining. I myself don't enjoy it. I enjoy watching video games, but I am very bullish on where this is going because I see that a lot of people do and fortnight actually some of these technologies which I can't talk about too much because they're not public yet public knowledge and I'm involved with as an investor you know they're making a game like Fortnight. Really interesting to watch actually. And I think that's going to be what's really interesting when you have E-sports that don't look like traditional sports, but you can do even more with it right. When the web came out everybody was trying to replicate the piece of paper as far as there you know cognitive understanding goes. But it's grown to be a lot more than that. And the same thing is going to happen with these sports. Right now, it's mimicking regular sports and the same way of watching it. But people are going to make it much easier to watch and be entertained by something like fortnight as well. So, it's not just like DOTA for the future it's also games like Fortnight that are going to have a huge viewership I believe.

Manseeb Khan : Yes, I agree. I think it should be interesting of like right now E-Sports is again just to harp on what you said just that it really is trying to mimic regular sports. I think it's going to take off and just form and become its own animal in and of itself. I mean I'm a not a huge fan of really watching gaming videos or anything but like that's like my 10-year-old brother is the first thing he does like I remember when I was his again, I would watch my cartoons. He comes on and he just has like a list of like all these favorite streamers and he's like arcades and watch Ninja first then he's going to watch like Mr .Beast and goes down his list. It's incredible.

Shidan Gouran: This was exactly you talk to your average 10-year-old and this is what they do. This is what they loved doing. Oh yeah. It's all about games. They live in games and in the gaming,  industry is already much larger than the music and video industry put together. Oh yeah. And This is just going to increase. I mean. The whole thing is going to get blurred. Video and gaming are going to get blurred for sure. And that's why interactive video to me is very interesting Sure.

Manseeb Khan : I think like even taking it one step further like you did you did touch on digital identities. I mean sooner or later you're gonna have like the digital like your digital persona and your real persona that's gonna start getting pretty blurred to at some point right. Because you'll be spending too much time and energy creating, I guess like the best example would be like if you had like a second like us you can't get on Second Life persona online Absolutely yeah.

Manseeb Khan : Look I mean so I guess what the audience can. I mean what can fans of Atari what can we really expect from X games like what is what is something that I mean like you mentioned you are investor a lot of companies or you're very heavily invested in the gaming industry. What is something that I like I can  touch back on my comebacks on this episode of kind of like hey Shidan the things that you said like  what's the news? what are the updates?

Shidan Gouran: Yeah. So, look X2 is an amazing company because it has a really wide spectrum of areas that it's working in. It has a blocking division where they're doing stuff with gaming and block chain that consortium, I told you about that that we were involved with for over a year there. They're still partners with everybody there as far as friendships go and whatnot and good things will come out of it eventually. They have an in-game wallet that they can license to so many game producers and whatnot a game some of these small independent operators that need games and very large operators as well because obviously they're a very connected team right in the center of the gaming universe which is Los Angeles. Really that's one aspect of this blockchain aspect but that's not even the major aspect of it. That's one spectrum. The other is that they're coming out with game after game and they're coming out with an area that I'm very excited about the game which is that interactive video area and other interactive content that's not traditional you know DOTA like gaming or Fortnight like gaming it's much more casual so they're coming out with a board game where you have an interactive bot voice narrative that goes with it. You can make decisions and it's also integrated with mobile so it’s the first of its kind. I think Amazon should be very excited about what they're doing, and I see them you know they're there they're always invited to these conferences with Amazon and whatnot because it is an Amazon Alexa based product. I think when that comes out it's going to be a whole new way a whole new type of game a whole new media essentially right? So that's really exciting to me because it's something completely new. It's not something better. It's something completely new and they're coming up with a number of productions like this. And I think that's really where global gaming is going to shine in the future. Personally. Yeah. So, I mean I mean that's I think really for it for especially the retail audience. I think it's important that they realize that this is a very risky space and working with a company that has. A wide spectrum of projects is really to their benefit for startup

Manseeb Khan : Right now, I agree with you I mean the gaming space is very new it's I mean I mean it's not really volatile. But it's very new it's emerging it's up and coming so yeah, I'm excited for this whole Alexa thing that's there should be a I can't I can't wait for that. So Shidan. To wrap this up what with the best way for our fellow gamers to contact you would it be through email, Snapchat. I mean is there Discord chat we can jump in with you, would it be raven?

Shidan Gouran: Yeah. So maybe my Twitter handle is Shidan and you can always follow me there and reach out to me I'm very happy to speak with everybody there you can email me shidan@forkcsc.com  Yeah that's probably the best email that's global block mining technologies which I'm still running myself and I think I think those are the two best methods.

Manseeb Khan : Awesome. Thank you so much for sitting down with me today and I'm super excited for all your incredible projects to really revolutionize and take over the gaming industry.

Shidan Gouran: Yeah likewise. Thanks very much for having me Manseeb I enjoy your podcast in general

Manseeb Khan : Thanks so much.

Outro : you've been listening to fintech Fridays brought to you by NCFA and partners. Tune in weekly for the latest fintech Friday podcast by subscribing to this channel. The National crowdfunding and FinTech Association of Canada is a non-profit actively engaged with social and investment fintech sectors around the globe and provide education research industry stewardship services and networking opportunities to thousands of members and subscribers. For more information please visit and see if a Canada dot org. Oh yea.

 

End of Podcast

 

Subscribe and Listen to more Fintech Fridays podcasts here

Join NCFA's weekly Podcast series 'FINTECH FRIDAY$' where we sit down with the incredible people in the Fintech community and talk about leading fintech products innovations developments and challenges!

Interested in getting involved as a partner or participant? info@ncfacanada.org

 


NCFA Jan 2018 resize - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan GouranFF Logo 400 v3 - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gourancommunity social impact - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran




Economy | Jun 12, 2024 Canada’s new capital gains tax hike passes despite opposition, raising concerns about economic impacts. The capital gains tax rate in Canada was recently passed (vote 208-yes to 118-no) to increase significantly, from 50% to 66.67%, which comes into effect Jun 25, 2024.  The Liberal government is implementing this move as part of its attempts to boost income and enhance the neutrality of the tax system. But this approach has sparked a contentious discussion among lawmakers, economists, and business executives. Economic Impact and Criticisms The higher capital gains tax, according to economists, may discourage investment even more, accelerating Canada's declining productivity and competitiveness. Higher divestment taxes are feared to damage Canada's competitive advantage by incentivizing entrepreneurs to found their startups in countries with more innovation-friendly tax laws. See:  Canada’s Capital Gains Tax Changes Sparks Economic Debate Beata Caranci, Chief Economist at TD Bank said: "Limiting the prosperity of Canadian enterprises through additional levies will restrict prospects and job creation." The Canadian government has allocated a portion of its increased expenditure to programs that support economic growth, like expenditures in technology research and development, in an effort to lessen the impact of the new taxes. Critics counter ...
Freepik rawpixel.com taxes - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Open Banking Jun 12, 2024 CFPB Publishes Final Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) has published final rules for personal financial data rights (PDF)| Newsroom announcement, which focuses on recognizing industry standard-setting groups.  The approved rule is a part of a larger initiative to enhance consumer's control over their financial data and promote open banking by implementing Section 1033 of the customer Financial Protection Act.  Here's what you need to know. 10 Takeways 1.  The final regulation will go into force on July 11, 2024. This gives companies one month to get ready for compliance. 2.  The rule lays out the procedure by which industry organizations can be recognized by the CFPB. Consensus standards will be created by recognized organizations to help with the new Personal Financial Data Rights rule's compliance. The CFPB also released this guide. 3.  Five essential characteristics that standard-setting bodies must exhibit are: transparency, openness, balance, due process and appeals, and consensus. These characteristics ensure fairness, inclusivity, and transparency of the standards that are set. See:  Open Banking: Revolutionizing Financial Data Sharing 4.  This is an open role opportunity.  All interested parties, including consumer advocacy organizations, app developers, and different ...
Freepik data sharing rights - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
MaRS | Jun 11, 2024 MaRS Discovery District Job Cuts 20 Jobs and Looks to Operate a Leaner Business Model Approximately 20 positions, including several top-level responsibilities, were eliminated as a part of a recent major restructure at MaRS Discovery District, one of Canada's leading government funded innovation support organizations. Amidst financial challenges, MaRS looks to reduce hierarchy and move towards a more agile and lean structure in order to better allocate resources to programming that supports founders and encourages ecosystem engagement. See:  Corporate Venture Capital in Canada: Insights and Challenges Since its founding in 2000, MaRS has expanded its support to include a variety of tech industries, but its initial focus was on the medical and allied sciences. It has been crucial in helping businesses with advisory services and in creating venture capital projects like Graphite Ventures and the MaRS Investment Accelerator Fund. Alison Nankivell, CEO, MaRS stated: “Our path forward necessitates changes toward a more agile and lean organizational structure that reduces hierarchy and leadership roles in favor of a reallocation of resources to support programming that more effectively supports founders, fosters even greater ecosystem collaboration, and ultimately increases our impact.” Financial Overview and Key Departures Since 2019, ...
Freepik master1305 restructuring - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Tokenization | Jun 11, 2024 US Congress considers the regulatory challenges and benefits of tokenization On June 5, 2024, Washington lawmakers discussed the "Tokenization Report Act of 2024" (HR 8464), which is sponsored by Rep. William Timmons and co-sponsored by Rep. Ritchie Torres in the 118th Congress. The Act mandates a thorough report on the advantages and disadvantages of asset tokenization using blockchain technology, the variations between blockchain networks, the current level of interoperability, and international regulatory strategies. The Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, and the Board of Governors of the Federal Reserve System are to jointly submit this report. Within 180 days after the act's passage, the report must be given to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. See:  U.S. House passes FIT21 with Bipartisan Support Strong regulations are required to control the tokenization of RWAs, as recent talks in Washington have shown. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), among other legislative and regulatory organizations, are investigating the applicability of current securities and commodities rules to tokenized assets. The classification of digital ...
Tokenization of RWA Tokenization Report Act of 2024 - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Jun 11, 2024 Key Takeaways: Data breaches can severely impact businesses by eroding customer trust, halting operations, and causing legal issues. Implementing strong passwords, multi-factor authentication, and regular software updates are essential steps in securing your data. Educating employees on data security practices and using reputable IT services can significantly enhance your data protection measures. Have you ever wondered what would happen if your customer database or financial records were suddenly exposed online? Data breaches are a harsh reality for businesses of all sizes and entrepreneurs; the consequences can be particularly damaging. A single attack can erode customer trust, halt operations, and even lead to legal repercussions. But don't panic! This guide is your roadmap to data security. Continue reading to learn more. What Is Data Protection?  Data protection refers to the set of practices, protocols, and technologies employed to secure personal, business, and customer data from unauthorized access, data breach, and other forms of compromise. It encompasses various strategies aimed at safeguarding the confidentiality, integrity, and availability of data. These strategies include encryption, access controls, and regular security audits. For entrepreneurs looking to enhance their data protection, hiring Kenyatta Computer Services or other service providers can offer expert assistance in ...
Data security Center - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Remote Work Insights | Jun 10, 2024 The Effects of Global Digital Jobs on Canadian Markets The World Economic Forum (WEF) has published a white paper last month called 'Realizing the Potential of Global Digital Jobs' covering the possibilities, difficulties, and solutions connected with global digital jobs, as remote work continues to reshape the global labour environment. This article looks at the effects on fintech businesses in Canada, unintended consequences for urban commercial districts and a range of remote working trends to stay on top of. Global Digital Jobs The WEF report anticipated that by 2030, there will be 92 million remote digital workers globally, up from 73 million that exist today. This indicates a considerable shift towards remote work.  The number of people in economies with lesser incomes that have higher levels of education are growing.  Educated individuals capable of filling global digital positions have surged in nations like India and Nigeria.  By optimizing talent use and lowering skill mismatches across nations, global digital jobs could increase global GDP by $11 trillion by 2030. This is an interesting trend, given that there's currently a skills shortage across a number of industries in Canada.  Looking at Figure 1 chart above, ...
WEF Realizing the potential of global digital jobs cover - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Jun 10, 2024 Introduction Writing an invitation letter for a visa application can be a challenging task, especially if you're unfamiliar with the legal requirements and formalities involved. For residents of Ontario, Canada, creating a compelling and legally sound invitation letter is crucial. This comprehensive guide will walk you through the process of drafting an effective invitation letter and explain how an online notary services in Ontario can assist in notarizing the document to enhance its credibility and acceptance. What is an Invitation Letter? An invitation letter is a formal legal document written by a host in Canada inviting a guest to visit for a specific purpose, such as tourism, business, or family events. This letter is often a key component of a visa application, as it helps immigration officers verify the legitimacy of the visit and the relationship between the host and the guest. Why You Need an Invitation Letter in Ontario In Ontario, an invitation letter is commonly required for visitor visa applications. It helps immigration authorities assess the validity of the visitor's intentions and the host’s ability to support the guest during their stay. A well-drafted invitation letter can significantly boost the chances of visa approval by ...
Freepik Notary of the public - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Jun 9, 2024 In the complex world of business, having the right professionals in your network is crucial. One such indispensable professional is a business contract lawyer. Whether you're a startup or a well-established enterprise, the expertise of a contract lawyer can be a game-changer for your business. Here's why: Expertise in Drafting and Reviewing Contracts A commercial contracts lawyer has the special knowledge needed to draft and review contracts accurately. Their expertise ensures that all the necessary details are covered, reducing the risk of future disputes. With their help, businesses can be confident that their interests are protected, and all agreements are clear and fair. They carefully check every clause and term, making sure everything is legally sound and beneficial for the parties involved. Risk Management When it comes to managing risks in business, a contract lawyer is a valuable asset. They help identify potential issues before they become big problems. For instance, a contract lawyer can point out terms in a contract that might expose your business to unnecessary risks. By addressing these risks early, they help keep your business safe and avoid costly mistakes. In essence, having a contract lawyer means you have someone who is always ...
Pexels Sora Shimazaki Lawyer working in his office - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Crypto M&A | Jun 7, 2024 Robinhood Flies in the Face of the SEC and Acquires Bitstamp Crypto Exchange After Receiving Wells Notice While under crypto-related regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC), Robinhood has announced the acquisition of the European cryptocurrency exchange Bitstamp for $200 million to boost Robinhood's crypto trading capabilities and expand its customer base in Europe. See:  SEC Issues Wells Notice to Robinhood Over Crypto Bitstamp Acquisition Bitstamp, founded in 2011 and based in Luxembourg, is a top 20 centralized crypto exchange with a reputation for reliability and security. Institutional clients trust Bitstamp for its extensive order books, dependable trade execution, high quality API access, institutional lending, staking, and the white label solutions with Bitstamp-as-a-service. Has more than 50 active licenses and registrations worldwide and can push clients to Robinhood from the US, EU, UK, and Asia. Daily trading volume of approx. $315 million serving more than 4 million customers in 100 countries according to Coinmarket cap Robinhood's Crypto Expansion In 2023, Robinhood reported $1.9 billion in total revenue, a 37% year-over-year gain. View full Q4 and 2023 financial results here. 23 million active, funded users. See:  U.S. House passes FIT21 with Bipartisan ...
Robinhood acquires bitstamp - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran
Jun 7, 2024 Becoming a small business owner can be a dream come true. It means independence, doing things your way, and if your business model works, it can be the career move you needed to stay motivated when you wake up every morning. Opening your small business and keeping it going in those early years costs money. Whether it’s paying a lease for a storefront, making sure suppliers get paid, or just giving yourself a runway to start finding clients and earning revenue, you need some cash up front to get the ball rolling. One way to raise that capital is by taking out a personal loan. A personal loan is a line of credit that you can use for any number of reasons. Unlike a mortgage or car loan, there are no hard rules about how you can spend the money. The interest rate is typically lower than a credit card. The loan can either be unsecured or require collateral. It can be a big risk taking out a personal loan to fund your small business, whether you’re just getting started or trying to keep your business afloat. Once you involve your personal finances, you’re on the hook ...
Unsplash Tim Mossholder Yes we are open sign - Ep27-Mar 1:  Blockchain Gaming and Esports with Shidan Gouran

 

Leave a Reply

Your email address will not be published. Required fields are marked *

18 − 10 =