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THE INVESTOR
September 26, 2018
Big Reunion

Startups & Investors

Waves Platform expects mass blockchain adoption in 2018

  • PUBLISHED :December 20, 2017 - 16:16
  • UPDATED :December 21, 2017 - 09:46
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[THE INTERVIEW] “Next year will be the year of open blockchain platform,” said Alexander Ivanov, founder and CEO of Waves Platform during a press conference in Seoul on Dec. 19.

Waves Platform is a decentralized blockchain platform aimed at making blockchain use easier for everyone.

“I expect mass adoption of the blockchain technology next year,” he added, as many players like Waves Platform are trying to make blockchain technology easy for those who “do not even understand the technology.”


Alexander Ivanov, founder and CEO of Waves Platform


 
Government authorities will also play an important role in pushing forward the mass adoption, according to Ivanov.

“Governments are not enemies but rather friends,” he told The Investor. “The market will grow faster when ordinary people can easily buy cryptocurrencies using their bank accounts and only regulators can make this happen. Regulators are actually the ones that will move the market forward.”

To grow within a regulatory framework, the company is in talks with many governments including Russia and Singapore and is also leading an initiative to create a self-regulatory body to set standards for initial coin offerings.

Waves Platform, Deloitte CIS, ICO Governance Foundation and Ethereum Competencies Centre are working together to come up with reporting, legal, tax and accounting, and business due diligence standards for ICOs and blockchain industry, the company said. The self-regulatory body will be established in Switzerland earlier next year.

Meanwhile, the CEO of Waves Platform said once its latest technology is unveiled on Dec. 22, the company’s platform will become the fastest blockchain technology.

By Park Ga-young (gypark@heraldcorp.com)

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