Blockchain technology is the new sensation sweeping the world of cryptocurrency. This is for two reasons: it eliminates fraud, and significantly reduces fragmentation. Fraud is a downside to every major industry but is especially troublesome for cryptocurrency as all transactions are digital. To combat this epidemic security companies are used to vet users, but in reaching out to a third party the system becomes bogged down. This is fragmentation and it slows transactions to a crawl. In the past many have speculated that cryptocurrency is the future of traditional banking. This will never be true as long as fraud and fragmentation exist. Blockchain’s simple solution dispenses with both which has huge implications on the virtual currency world. This is why Malcolm CasSelle is so excited about it.
Malcolm CasSelle is a global entrepreneur, avid businessman, and innovator with a storied career in the digital world. Starting out in 1995, as a fresh-faced university graduate with a master’s in computer science, CasSelle formed his first company NetNoir. In the decades that followed he became a major player in Japanese companies, holding several top-level positions, and forming other successful companies. In 2017 he became CIO of OPSkins, a worldwide leader for in-game asset sales. He remains there to this day but now with the introduction of OPSkins new P2P platform WAX CasSelle puts on another hat. Acting president of Worldwide Asset eXchange. What makes WAX so special? It uses blockchain technology to facilitate cross-game trading.
In a recent interview CasSelle spoke about his excitement for blockchains. Apparently, CasSelle had been following the trend since its inception. Malcolm CasSelle was an early stage investor in Bitcoin, Zynga, and Facebook so he has a good nose when it comes to new tech. “Blockchain’s are internet 3.0” CasSelle stated, “They fix so many problems with cross border transactions.” According to CasSelle millions of these transactions occur everyday so blockchain’s are an obvious innovation. He has high hopes for WAX, and sees the platformer doing very well. Developing WAX was a no brainer for CasSelle. “We were basically building our competition,” He said, “If we had not someone else surely would have.”