Digital Wealth Asia Forum 2019 Singapore - Highlights - Antony Lewis

Antony Lewis of R3

Jun 21, 2019

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1. What are the challenges and opportunities for this industry?

Video transcript

1. What are the challenges and opportunities for this industry?

There are the challenges and there are opportunities. Let's talk about the opportunities first. Blockchains token recording assets as tokens on blockchains can open up and unlock liquidity in the system. We're going from a system where private market securities are recorded literally as pdf files on bits of paper and emailed around to each other. And we're moving from pdf files to tokens, which you can automate, you can send, you can drop on exchanges, and you can trade. Other opportunities are shares with benefits. You have a share, you have a stake, you have an investment in a company. But, what are the additional points of value that you can get on top of that? For example, if I have a stake in a company that makes wine, if I hold that stake for six months, do I get to go to a wine tasting? If I invest in classic cars, can I drive the classic car if I hold the shares for a certain amount of time? So plenty of opportunities for new products and new investment types here. In terms of the challenges, it's probably education right now. People are still getting to grips with what is a token, what is a blockchain, how does this thing work? What does it look like on my phone or on my desktop? People are comfortable with pdf files representing their stake in a private market transaction, but moving from a pdf file to a token to unlock all of these benefits the mentality has to change, and that comes through educational seminars, conferences, all sorts of things like that.

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