People of Blockchain: Thomas Enechi

Name and current occupation: Thomas Enechi. Blockchain/STO/ICO Advisor

Describe your current activity: I am fully into the Blockchain and Cryptocurrency wave, attending conferences and summits and educating my African people about this new technology that has the potential to leapfrog our fledgling economies across Africa. Am an Advisor to several ICOs and a Member of notable Blockchain and Cryptocurrency bodies.

Short bio: Thomas is a Co-Founder, ICO Investor and a Blockchain Advisor. He holds an M.Sc. in Information Technology and a First Degree in Electrical and Electronics Engineering. An alumnus of Lagos Business School where he studied Strategy; Mastering Blue Ocean Strategy. He holds a Telecoms Mini-MBA from Informa Telecoms and Technology Academy, United Kingdom. With about 15 years of extensive experience in the Telecommunication and Information Technology industries both in Nigeria and abroad, he is a strong believer in the power of Blockchain and the frictions it resolves worldwide. Among other businesses, he is the Chief Operating Officer of LIFTIX LLC; a Blockchain StartUp based in Lagos, Nigeria, owners of the VITR Identity Verification Network (VTK). Thomas is the Lead, Global Payment Strategy at KuBitX Exchange, a Cryptocurrency Exchange based in Malta, a Blockchain Advisor to ENDO Blockchain Protocol based in Singapore, Advisor at Beatrix AG based in Switzerland, Advisor to RAYS Network, a blockchain company based in London, Toweco, based in Moscow – Russia, Member, Board of Directors at International Decentralized Association of Cryptocurrency and Blockchain – IDACB and Country Manager, European Chamber of Distributed Ledger Technologies and Cryptocurrencies – EUCC.
When did you first hear about Bitcoin/blockchain and how? I first heard about Bitcoin/blockchain in 2013, at that time, it was just beginning to be a buzz in Nigeria.
What was the first crypto-related activity you did? The first crypto-related activity I had was Crypto Trading.
What was the last non-blockchain related job/occupation you had? The last non-blockchain related job I has was in Telecommunication industry. I was the Head of Networks for Smile Nigeria, a 4G LTE telecom company located in 5 countries in Africa including Nigeria.
What made you migrate to the blockchain professional environment? I saw Blockchain as the future and as an early adopter, I always loved the inquisitiveness that that brought to me and the fact that I could position to be a leading voice to bring this down to my African people to change their lives for good.

How do you see your role in blockchain and crypto? How do you think you can influence the industry? My major role in blockchain and crypto is majorly in working on blockchain projects, supporting and also advising same to affect and influence people positively. I also engage in Blockchain awareness and education.

How do you see the actual situation with ICOs? Do you believe they should be regulated? I believe ICOs should be regulated by a separate body created with the awareness of what Blockchain and cryptocurrencies stand for. Regulating ICOs by the bodies that today regulate Fiats has already shown to be counterproductive. ICOs, STOs, whichever flavour it comes will continue to exist as it has the capacity to give birth and support new blockchain companies.

From your point of view, what are the main challenges of blockchain at the moment? I will say, blockchain awareness and education is one of the biggest challenges the industry faces till this day. Efforts are seriously been put in place across the industry to bring this technology forth to people who need it most. The other challenges are; greed from some bad eggs in the industry, survival of the fittest mode turned on by some early adopters who are mostly some leading lights in the industry and governments uninformed attacks on the technology itself.

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? Bitcoin will still be king in 10 years. But few other cryptos are still coming to challenge Bitcoin like IMMO, which I am playing a key role in. The world will in few years, realize that this is the future as it will affect all spheres of human life and crypto as a universal payment system is non negotiable, it has come to stay and it will change the world.

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.