Cryptocurrency is still slated to change everything according to numerous experts. The market for digital monies grows bigger every month, but still has yet to enjoy the mainstream. Mostly this is due to its unreliability. Cryptocurrency is held back by two major drawbacks: fragmentation and fraud. Fraud has led to many users experiencing delivery issues, incomplete receipts, and one-sided transactions. Fragmentation has led to an increase in cost associated with the intermediaries digital markets contract. Such intermediaries provide both security and exchange service for varying physical currencies. Enter the blockchain, a revolutionary bit of tracking software that can get rid of both.
Blockchains use advanced cryptography to create streams of data related to a users’ transaction history. These streams of data can be compiled into smart lists that effectively separate the wheat from the chaff. This tech not only protects against fraud but also gets rid of the middleman. Already numerous tech experts are heralding blockchains as the future. The catalyst that finally sends cryptocurrency into the mainstream. One such expert is Malcolm CasSelle, acting CIO for OPSkins and president of WAX. According to CasSelle his new P2P platform is a big part of that future.
Worldwide Asset eXchange uses blockchains to handle transactions across a network of connected games. WAX allows gamers the ability to buy and trade digital assets across games. The transactions are more stable, they occur between players, and they give gamers a return of investment. CasSelle is a firm believer that the gaming industry is the key to bringing cryptocurrency mainstream. A network like WAX could very well move bigger gaming companies to switch to blockchains as well.
Malcolm CasSelle has been involved in the virtual world since the mid-90’s. He founded his first company NetNoir in 95′. Over the years he has served in top level executive positions for numerous online companies. He was a key part of Groupon’s JV with Tencent and has been involved in online banking, social media, and paywall solutions. CasSelle is a graduate of MIT with a bachelor’s in Computer Science. He is also a graduate of Stanford with a master’s in Computer Science. CasSelle became CIO of OPSkins in 2017.
Find out more about Malcolm CasSelle: http://casselle.com/