Co-founder Susan Akbarpour was one of few women at the WBC Summit in Moscow this weekend. To a crowd of top ICO experts and investors, Susan made it clear that the ideas behind many of current meetings and forums from Davos to WBC Summit isn’t to regulate blockchain, but create standards that allow investors to distinguish viable methods of crypto from the entities with no real business plan, infrastructure or support to garner profitable results.
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Susan was the one woman to attend a VIP breakfast with government officials and other crypto world experts on the future of ICOs.
How Investors Choose Legitimate ICO
At the Summit closing remarks conducted by Susan Akbarpour and Dr. Mattia L. Rattaggi, Susan explained how investors will navigate the landscape of viable ICO:
“We are not here to regulate blockchain and ICOs with the intention of hammering innovation, we are here to create standards and define metrics that help entrepreneurs to solve real world problems, finding clear utility for tokenizing their platforms. And also to help investors to tell between fraud ICOs and the authentic ones who have solid technology, team and vision for leveraging blockchain. ”
Susan Closes WBC Summit With World Famous Economist Dr. Rattaggi
Of the direction ICO is heading, Dr. Rattaggi said:
“Everyone has visions. My vision for the ICO anticipates the professionalization of this financing practice (“ICO2.0”) compared to last year (“ICO1.0″, meaning by that the incorporation of all regulatory expectations (AML, investor’s protection) and best execution practices (such as technological security standards and governance aspects). My vision also anticipates a normalisation of this practice: ICOs entering the established corporate space via tokenization of corporate ecosystems (allowing for an additional source of funds, cementing the ecosystem on the blockchain, lowering operating costs and, why not, having a token quoted along the more traditional share).”
Dr. Rattaggi continues, “For this to happen, technological hurdles, such as scalability, security, smooth exchanges between cryptocoins and fiat moneys – which are also partly regulatory hurdles – will have to be overcome. I do not see why this should not happen and I do not see why ICO would not establish itself as a financing practice on its own along the more traditional VC, crowdfunding and IPOs. There won t be a revolution but a transformation. Swiss authorities see a huge potential in the blockchain-ICO-Cryptoassets space; they want the market to prosper but without compromising standards or the integrity of the financial markets. They want to strike the right balance between innovation, attracting business and having a stable regulatory environment.”