AxionV Head of Trading Speaks at Blockchain for Wall Street Conference Panel

Our own Peter Borovykh was a prominent speaker at the Blockchain on Wall Street Conference in New York City. Those in finance services have found that the road from proof of concept (POC) to actual product has been more difficult than previously believed. Several media outlets covered the conference, including Markets Media.

“That firms are trying to do this in one of the most highly regulated markets adds to the difficulty, according to Peter Boroykh, blockchain-solution architect at BlockchainDriven and head of trading strategies with AxionV, during a panel discussion at the Blockchain for Wall Street conference in lower Manhattan. Due to the independent approach that many firms take and the absence of broad leadership across the industry, Boroykh was pessimistic that Wall Street would see blockchain “solutions” anytime soon.”

The panelists all agreed with Borovykh and confirmed that firms looking to simply reduce their operational costs aren’t doing enough to maximize on blockchain technology. It seems having a viable business use case is the primary gating factor.

“Everybody is playing with their own things,” Borovykh said. “The only way to create a solution is through collaboration and partnership.”

Rather than tweaking existing work flows, the panelists advised firms to discover new business opportunities, such as rescuing stranded capital. Innovation within finance and creative ways to use this new technology will pave the way for such firms to move beyond the pilot and POC stage to a real working blockchain solution, and part of that is cooperation and data exchange.

The future of finance is blockchain and the Conference in New York was both enlightening and thrilling. Peter was swarmed with questions from those working with large banks and hedgefunds as they endeavor to flesh out their own blockchain use cases and projects. The networking opportunities were plentiful and he was glad to impart his considerable expertise to those in attendance.

AxionV Head of Trading Speaks at Blockchain for Wall Street Conference Panel
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Morgan Hill Speaks at Blockchain360 Conference on POF in Finance and Banking

On October 23rd, Managing Partner, Morgan Hill was a featured speaker at Blockchain360, an industry conference. Mr. Hill along with a panel of blockchain experts, discussed ways of exploring blockchain proof of concepts in deployments in banking and finance. The Panel featured AxionV’s Morgan Hill, Joe Raczynski from Thomson Reuters, and York Rhodes as a head of blockchain at Microsoft.

Together they explored the idea that blockchain companies are now beginning to move past the proof of technology itself and actually start creating real products for B2B, B2C and Peer to Peer.  

“Many companies are now moving into a proof of concept, or into test pilots as their blockchain exploration projects emerge out of stealth”, explained Igor Telyatnikov from Alphapoint. Morgan backed up this statement and reiterated that part of the mission of AxionV is to only back and trade around viable products with demos. “A proof of concept can be many things, but the bottom line is that it has to actually ‘prove’ the firm has a viable business model, not just a vague idea in someone’s head and a white paper.  AxionV’s philosophy is proof before investment.”

An example of a proof of concept was the Royal Mint, from England is actually launching a blockchain program to digitize their gold bullion into eGold where your blockchain tokens would represent a real world redeemable stake for gold.  This would make the gold ownership of the Royal Mint very easy to trace and identify around the world, which right now it isn’t, even though it’s used in over 60 countries.  The blockchain would link them all together and create a better distribution network as well as holding them accountable.

The discussion then focused on whether the ICO is a viable model for proof of concept, or just a mere funding vehicle. The group came to the consensus that, given the right circumstances, the ICO market will become both a funding vehicle and a model for proof of concept.  

“The key fact is to identify a framework which is still being developed which will allow firms to prove their business has sustainability and a working proof of concept as part of the integrated funding that comes with an ICO” -Morgan Hill, AxionV

AxionV Head of Trading Speaks at Blockchain for Wall Street Conference Panel
Our own Peter Borovykh was a prominent speaker at the Blockchain on Wall Street Conference in New York City. Those
Read more.
Morgan Hill Speaks at Blockchain360 Conference on POF in Finance and Banking
On October 23rd, Managing Partner, Morgan Hill was a featured speaker at Blockchain360, an industry conference. Mr. Hill along with
Read more.
Morgan Hill speaks at ICO conference in New York
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Morgan Hill speaks at ICO conference in New York

Our managing director Morgan Hill was invited to speak at ICO conference in New York on September 22nd. It was an excellent event with number of great speakers and sessions through out the day. ICOnference was a fantastic event to meet enthusiastic crypto investors and company founders from across the globe.  

What has shown great traction is how AxionV maintains the investment approach of focusing only on proven business models or established blockchains that have shown value through broad user adoption.

In addition, new ICO based startups are focusing on novel blockchain concepts and synergy with existing business models, such as streaming data and application services. This is much better than the current Alt-Coin model on Ethereum where you just take a core business, say lending loans, web domain registration, or Moon-pie cakes, and make a coin for it. The blockchain is certainly the next frontier and many investors, developers and major companies are taking it seriously. There are many opportunities in it, and we are just on the tip innovation and opportunity.

At the conference, we observed a number of novel concepts, like the creation of an IoT (Internet of Things) hardware tag that would uniquely be matched to a blockchain address which would accept direct payment. The investment potential here is amazing and could be its own 10x class multiple if executed well. This has many revolutionary ideas, such as the ability to pay the “meter” directly for service such as electricity or water. It reminded us of Vitalik Buterin’s quote about the smart contract being the equivalent of a vending machine for products.  

AxionV will only invest into companies where there’s a virtual guarantee that funding and capital are secure.

While looking at how to do your own private institutional level ICO, our development team has already been gathering investment data across the cryptocurrency industry, and this information can be compiled into an ICO investment database. As mentioned in the presentation, it’s remarkable how ICO’s are facilitating “Crowdfunding 2.0”.

In the near future our machine learning based AI should have enough data to start making direct investment recommendations into ICOs in addition to crypto currencies. Morgan stated that the AxionV objective is to provide the best returns for investors and it is well on its way in that regard. You can participate in AxionV Pre-Ico here and see for yourself how AI crypto trading can minimize risk and maximize returns.

AxionV Head of Trading Speaks at Blockchain for Wall Street Conference Panel
Our own Peter Borovykh was a prominent speaker at the Blockchain on Wall Street Conference in New York City. Those
Read more.
Morgan Hill Speaks at Blockchain360 Conference on POF in Finance and Banking
On October 23rd, Managing Partner, Morgan Hill was a featured speaker at Blockchain360, an industry conference. Mr. Hill along with
Read more.
Morgan Hill speaks at ICO conference in New York
Our managing director Morgan Hill was invited to speak at ICO conference in New York on September 22nd. It was
Read more.
How to Participate in AxionV Pre-ICO: A Step-by-Step Guide
Hi, welcome to AxionV investment instructions. It breaks down all the steps you need to take to invest into the
Read more.
Peter Borovykh’s Book, “Blockchain Applications in Finance” Released at New York Blockchain Event
Last night in the heart of NYC was held a sold out Blockchain event.  New and innovative book by AxionV’s
Read more.
In The News: AxionV Boosted By China’s ICO Regulations
The news coming out of China about the restriction of Chinese ICO investors has many eyebrows raised, and certainly perpetuated
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