We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!
This week, our 6 Questions go to Alyssa Tsai, founder and CEO of Panony — an incubator, investor and adviser for blockchain and Web3 business.
My name is Alyssa Tsai, and I’m the founder and CEO of Panony. There are three pillars of businesses under our group umbrella. PANews is one of the earliest crypto media outlets in Greater China and South Korea. It has published over 20,000 articles, with an average of over 5 million page views per month. At Panony, we invest in blockchain projects worldwide and consult Fortune 500 companies for integration and expansion into the industry, spanning the entire spectrum of the blockchain industry from solution providers and exchanges to public chains, protocols and DApps. I’m also a limited partner of NGC Ventures, the Animoca Metaverse Fund and the Delta Fund.
Before falling down the rabbit hole of crypto, my prior work experience included Condé Nast, Isentia, Ogilvy and a high-tech law firm. I also actively speak at and moderate global blockchain conferences.
1 — What is the main hurdle in the way of the mass adoption of blockchain technology?
The industry is still in its infancy. We should be aware of the many challenges, though it’s already a buzzword in the tech world. The scalability problem is directly related to adoption and blockchain implementation. This question is about whether the system can operate smoothly as demand increases, which inevitably determines mass integration.
It’s also important to address that the complexity of blockchain technology limits mass markets’ ability to appreciate the benefits. The entry barrier is high, so people need to make an effort to understand, not to mention having to keep up with the rapid changes and disruptions. Now they might as well use an adequately good solution for their needs, like regular financial services.
That’s why I feel like…