People of Blockchain: Petar Slovic

Name and current occupation: Petar Slovic, COO @ Review.Network

Describe your current activity: Implementing token models and blockchain technology in order to build solutions that benefit the people.

Short bio: Hungry for code, hungry for ideas. Passionate for everything web and technology. Specializes in building web products and communities to improve our lives. Speaker at numerous conferences and workshops, organizer of NisJS meetup.

When did you first hear about Bitcoin/blockchain and how? A long time ago, back when I was in high school – my friends were talking about mining but no one could understand what it’s all about and there weren’t many resources on the Internet to learn 🙂

What was the first crypto-related activity you did? Trading ETH on eToro. You said “crypto-related” 

What was the last non-blockchain related job/occupation you had? A year ago, before starting Review.Network, I worked as a technical coordinator at Quantox Technology, a large software development company based in Belgrade, Serbia.

What made you migrate to the blockchain professional environment? Understanding the possibilities of blockchain technology to create applications that cannot be stopped or censored. Also developing a fascination with tokenomics, mechanism design and game theory.

How do you see your role in blockchain and crypto? How do you think you can influence the industry? Apart from working on a large, industry-shifting project that relies on Ethereum, I’m trying to engage the community by holding Blockchain workshops, so far 4 of them. They consist of a brief theoretical intro and then live coding a simple dApp (different one each time). My goal is to continue educating, and spreading the real, practical skills needed to work with blockchain tech.

How do you see the actual situation with ICOs? Do you believe they should be regulated? It’s a very tricky situation. Yes, ICOs should get more regulated, because you’re building a real company with a real product that needs to be able to function within legal frameworks. But on the other hand, there are a lot of bad things in the crypto world – scammers, exchanges asking for enormous sums of money to list your token, ICOs asking for unjustifiably huge amounts of money, hackers trying to bring down your system during the ICO, corrupt reviewers on ICO review sites… It’s becoming more and more difficult to run a good ICO, and I wonder if it will continue to play a central role in capital raising for blockchain projects.

From your point of view, what are the main challenges of blockchain at the moment? The tech is still so young, and has to go through some iterations until we have real production ready systems. Challenges that I see are: 1. Lack of mainstream adoption. This is mostly due to developers not making it easy for people to understand and use dApps. This will evolve over time, as UX patterns emerge around blockchain. 2. Speed, throughput and cost. Most blockchains currently used in production have low speed, low throughput, but high cost. They cannot support huge number of users using them every day. This is also changing as we see new technologies arising and existing ones improving. 3. Difficulty of development. It’s hard for people to start developing blockchain apps because a) there are not enough learning resources on the Internet and b) developer tooling support around various blockchain solutions is ridiculously low. But both those things will change, albeit slowly, as they are codependent. More developers using blockchain means they produce more learning material and build more developer tools.

How do you see the future of blockchain? How will it evolve? Where do you think we will be in ten years’ time? Do you see crypto as some kind of universal payment system? Do you think that bitcoin will still be king, etc? I see it evolving and getting to mass adoption, as more and more people understand what it is. At the same time, I don’t think every application in the future will be decentralized. There are kinds of problems for which blockchain is very useful, but for others it’s simply not needed, and as we see the space mature, developers and manager will begin to better understand how to best apply blockchain technology, and to which kinds of problems. I am very hopeful that decentralized applications will affect people’s lives in an significant way – by removing intermediaries, making managing tricky processes involving identity, money and private information painless and efficient. The key is people actually using decentralized applications when they transact with each other every day. And we’re quite far from that reality right now. But, I can even imagine a StarTrek-like future where there are no banks, no governments – just decentralized systems used by people to agree on things and work together towards common goals. That being said, I don’t believe Bitcoin will be king forever. Yes, it was the first, and yes, it’s been running the longest – but – as the tech evolves, our understanding of what’s possible and what’s needed from a blockchain system will also evolve. Blockchains, as they are now, will simply not be adequate.

Disclaimer: for the “People of Blockchain” section we have developed a short Q&A with relevant people of the industry. All answers are presented exactly as offered. The content of the answers is not altered in any way and is the sole responsibility of the respondent.