An exclusive interview with Jake Vartenian, Founder of Cryptodex

Jake Vartanian is the founder of Cryptodex and Habitat Ventures, a contributor to Blockchain News, and an advocate of decentralization since early 2011.

He has worked with high profile startups including Bancor, TokenCard and SingularDTV, helping to design token models, telling the stories behind these projects, and building digital ecosystems.

Trescon recently got in touch with him, in order to gauge his opinion about the rise of blockchain.

What can be the driving factor for the adoption of blockchain in businesses?

The most important thing is that people take time to understand the technology - namely what it can and cannot do for them. Once they are familiar and comfortable with the technology, adoption will become far easier.

What can be the takeaway for the other nations of the world with Dubai’s move towards a blockchain based-government?

One must start slow. When the small infrastructures are taken care of and accounted for the big ones will eventually fall into place.

In your opinion, what are the industries that blockchain is going to impact the most?

In my opinion, provenance, finance, and supply chain are the industries that blockchain is going to impact the most.

Is it entirely possible that cryptocurrencies like ethereum and bitcoin might usher in a new age of paperless economy?

We were moving away from paper with or without Bitcoin and Ethereum. The cryptocurrencies such as those will move us away from being controlled and enslaved by tyrannical governments.

If blockchain is truly here to stay what do you feel about how it will turn out for the best in the future?

I believe that blockchain will give complete freedom to everyone who seeks to make the best use out of it.

Tell us about your session at the ‘World Blockchain Summit’?

I will be presenting about how new models of value can emerge from digital token design. There will be a how to create specific types of models as well as how to build effective communities around the models.

Do you see a future where bitcoin mining and ethereum mining technologies become a part of mainstream life?

No, I do not think that such an event will be taking place anytime soon.

Do you think emerging technologies like Blockchain can educate communities of people about the immense value it holds?

Blockchains are databases that are trustworthy. It just creates a fairer and a transparent system in the long run.

What are your expectations from the summit and what possible key takeaways are you looking at?

I want to meet people who are building the future and educate people about the healthiest ways to move into this emerging paradigm.

‍