Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
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We spoke with Aly Madhavji, the Managing Partner of Blockchain Founder Fund (Blockchain FF) with a portfolio of blockchain and crypto companies. He outlines the investment philosophy of Blockchain FF as well as the three criteria of a successful platform for security token offerings (STO). As an award-winning author in millennial development, Aly also shares with us the socio-economic impact of blockchain in the developing countries.