Member Since March 2022
An expert on transformational technology, financial innovation, regulation and laws, entrepreneurship and business, Wingate argues that society’s centrally managed gatekeepers – governments, journalists, and corporations – are incapable of imposing order on the chaos of our decentralized, online existence. His talks present an alternative in which software and algorithms, rather than being a threat to our way of life, can supplement and improve these outdated institutions. Along the way, he helps people and businesses connect new models for economic success, supplanting data-controlling middlemen and giving people access to markets and audiences on their own terms. Wingate presents a vision of what he calls Social Capitalism that emphasizes transparency, objectivity, and integrity so that human beings can thrive and participate with direct benefits in what will be an evolution of creativity and collaborative innovation. Wingate is the Chief Executive Officer and Founder at BankSocial (a Fivancial, Inc. service aimed at radically evolving and transforming trusted financial institutions of the future), a Founder and President of BlockAdvocates, Inc. (a 510c3 focused on blockchain and cryptocurrency education and evangelism), a lecturer at Kings College London (Dickson School of Law), and an advisor to Blockchain and Crypto startups worldwide.
Balancing cost-cutting efforts with smart efficiency strategies can help crypto companies weather current macroeconomic conditions. Crypto winter has been challenging enough for the industry; it doesn’t help that the broader macroeconomic environment is uncertain as well. With ongoing talk of a potential recession, tightening access to investor capital and rising interest rates, some crypto and blockchain companies are joining their peers in other industries in exploring cost-cutting measures. While trimming the budget may be a necessary effort, it’s important to do so judiciously. Further, leveraging smart strategies can help companies avoid deep cuts and boost productivity and efficiency. Here, 15 members of Cointelegraph Innovation Circle share tips to help companies in the crypto and blockchain space wisely adjust to survive the current macroeconomic environment.
To persuade TradFi firms and Web2 users to think outside the box, Web3 pioneers first have to do so themselves. When it comes to traditional finance, crypto and blockchain leaders are faced with something of a disconnect. TradFi firms are in one sense competition, but unless TradFi comes to embrace Web3, Web3 can’t reach its full potential. Complicating efforts to reach out to TradFi are mutual feelings of uncertainty: Crypto and blockchain pioneers fear that TradFi’s influence may weaken the consumer- and transparency-first commitment industry enthusiasts value, while TradFi firms are wary of a new industry whose technology and guidelines they don’t understand. With its long history, traditional finance is familiar to consumers and has earned widespread trust. By partnering with TradFi firms, Web3 organizations could accrue some of that positive feeling. Further, by viewing TradFi as a potential customer base, Web3 firms could begin to grow organically. From “ceasing hostilities” to spreading a wider net, there are many things crypto and blockchain leaders can do to bridge the gap between Web3 and TradFi. Below, 16 members of Cointelegraph Innovation Circle share their ideas.
The crypto and blockchain industries may need to shed some insular tendencies to successfully attract prospective users. While crypto and blockchain have their share of enthusiastic pioneers, these industries can’t survive and thrive without attracting new users. Many cite the space’s tech-forward complexity as a barrier, but does it have to be? And are industry leaders adding to the problem by not working to reach prospective users where they are? The close-knit nature of the blockchain and crypto industries can be both a strength and an impediment, and it may be time for insiders to step outside echo chambers to better understand what prospective new users want to know and how to give them that information. Below, 16 members of Cointelegraph Innovation Circle discuss ways the blockchain and crypto industries can improve outreach to potential new users.
Access to and use of financial services, known as financial inclusion, is crucial for economic growth and development.
An understanding of the overall ecosystem as well as the details of individual projects is essential for those in TradFi who are exploring Web3. Organizations and industry leaders from the traditional finance space are increasingly turning their attention to Web3. Many are wondering what the underlying technology could bring to their own efforts, as well as which of the many projects in the market are viable investments. When taking their first exploratory forays into Web3 and decentralized finance, those with a TradFi background need to first get a grasp of the ecosystem’s basics so they know what to look for when digging down to the individual project level. Here, 10 members of Cointelegraph Innovation Circle discuss factors those in TradFi should keep in mind when researching Web3 projects, and why they’re important.