People of Blockchain: Francis Noah

Name and current occupation:

Francis Noah, CEO at Exact and Clear

 

Describe your current activity: 

I am responsible for all day-to-day management , investments decisions and for implementing the Company’s long and short term plans.

 

When did you first hear about Bitcoin/blockchain and how?

In 2014 a friend shared with me a Bitcoin/blockchain video documentary

 

What was the first crypto-related activity you did?

My first crypto-related activity was investing. I initially invested 200 Euros

 

What was the last non-blockchain related job/occupation you had?

Software engineering.

 

What made you migrate to the blockchain professional environment?

I realized that the technology underpinning the cryptographic currency, could revolutionize the world economy.

 

How do you see your role in blockchain and crypto? How do you think you can influence the industry?

As a blockchain enthusiast i believe i can teach the world on how to profit from block-chain technology .

 

How do you see the actual situation with ICOs? Do you believe they should be regulated?

I believe Initial Coin Offers must be regulated in order to protect the investments of public people.

 

From your point of view, what are the main challenges of blockchain at the moment? Most block-chain complex algorithms waste large amounts of electricity computing power which could be used to do other good things. Lack of regulation creates a risky environment for both retail and institutional investors. At times some blockchain operations become slow and cumbersome. Certainly compared to “traditional” payment systems such as cash or debit cards. Bitcoin transactions can take several hours to finalize, which means there are inherent problems in the idea that you will be able to use them to pay for a cup of coffee in your lunch hour, unless the vendor is willing to take on an element of risk.

 

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 believe Distributed ledger technology (Blockchain) is here to stay and its current challenges have attracted attention of many critical thinkers and problem solvers. I also believe that current challenges of Blockchain are opportunities for the worlds problem solvers to exploit. Therefor Block-chain will evolve organically as the people continue to make it better and better through continuous innovation approach. In my opinion i predict that after a ten-years journey of Blockchain continuous innovation approach almost 90% for electronic transaction will be under Block-chain influence in one way or another. and people will be in position to accept cryptographic currencies as some kind of universal payment system Now in the next few years, the championship Blockchain industry will belong to bitcoin although their is a great possibility of changing the situation in the direction of another cryptographic currency. Due to the ongoing continuous innovation there are many new cryptocurrencies, which are more adoptable to the real world needs as compered to bitcoin technology and this my lead to the reversing of the bitcoin technology narrative if not the raise and fall of bitcoin.

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.