Despite many promises, the masses are still unclear on the workings of blockchain and its potential applications.This concerns experts in the field who are working hard to rationalize the industry and integrate the technology into the mainstream business. In addition to this, there is a worry that blockchain might have been overhyped without having a deep understanding of the industry and how the technology should work. The blockchain industry, as it stands currently, is shackled with scams that make it hard for the genuine ones to thrive.
The lack of proper regulation and framework has contributed to the current bad reputation of the industry. It gives room to fraudsters and inexperienced sellers to involve in blockchain projects. With many unvetted exchange platforms and ICOs, it is a dizzying process for investors and new players to navigate through the chaotic environment. This is what HZ Capital is addressing: to create a professional framework for the industry through its provision of specialized blockchain consulting services and solutions. Lanon Wee, Managing Director of the company says, “At the moment, there is a lot of chaos in the industry and we have been diligently weeding out the rotten eggs.” The company is helping organizations in blockchain from incorporation to crowdsale to build a business based on market intelligence and deep technological knowledge.
Rationalizing the Blockchain Industry
Blockchain is often touted by blockchain players as a “disruptive” technology that renders current business models obsolete, but Lanon disagrees with this, believing that it is instead an augmentation to existing models. Lanon says, “Blockchain is a foundation for improving and upgrading the existing businesses and systems. It is a technology that ushers a better standard of living.” Another issue is some people view blockchain projects as a gamble for an overnight success which is being manifested in the form of rampant scams within the industry. In response to this condition, Lanon says, “Our job is to help them understand the actual use of blockchain and create a professional environment.”
The old system is structured and stable but very slow in growth; while the new system with blockchain is chaotic and volatile but with huge potential to improve the state of the world. HZ Capital acts as a new world advisor and blockchain consultant in maintaining a balance of values between the two perspectives.
With a focus on creating an innovative technological system that confers ease of use, accessibility, and convenience, HZ Capital partners with top agencies, limited partners, investors and service providers in the field for a proper working system of the industry. Lanon says, “We take pride in making important stakeholder partnerships as it is all about collaboration to create a professional framework in the blockchain industry.”
Helping Blockchain Projects to be Successful in the Market
Many new players find it difficult to navigate through the complex and unorganized landscape of blockchain market. The company helps ICOs align their business to investor’s interests while maintaining a customer-centric focus.The company carefully assesses its clients’ project, its market relevance, and works closely with its clients to develop a successful project that can adapt to the evolving market. Lanon says, “At the end, we have to stay focused on the “why” before the “how”. The “why” is the anchor while the “how” is flexible. That is how we create long term value while staying agile in the short term With expert veterans in blockchain and other relevant fields such as the banking and finance sector, strong partners and right tools at hand, the company is able to harness the power of blockchain to make an organization’s project successful and sustainable in the long run.
Making Blockchain Practical to Business Use Cases
With increasing efforts to formulate a proper framework, the future of blockchain looks brighter day by day. Amie Lin, Marketing Director of HZ Capital says, “HZ Capital has developed a platform for organizations to use Blockchain Technology to protect the agreements between parties. This can apply to fund raising, voting for policies, sharing of resources for collaborative research and other digital agreements. We can make blockchain approachable so that more people will adopt blockchain.” She is envisions of a future where people can trade freely, easily and fairly on Blockchain. She says, “We are committed to make blockchain ubiquitous and second nature and not just another interesting innovation that sees only limited use.”
The young and dynamic Singaporean company is playing a crucial role in facilitating the current business system towards a more powerful one. HZ Capital acknowledges and understands the issues in the blockchain industry, but strives to challenge and address them head-on instead of just skirting around them.
The blockchain industry is in dire need of rationalisation in order to function as a safe environment for large-scale commerce. HZ Capital acknowledges the existing issues of the blockchain industry, and addresses them head-on in their day-to-day operations. Already, the young and dynamic Singaporean company HZ Capital is facilitating the current business system towards a more powerful one.
Quotes: HZ Capital is committed to make blockchain ubiquitous and second nature and not just another interesting innovation that sees only limited use.
HZ Capital is helping organizations in blockchain from incorporation to crowdsale to build a business based on market intelligence and deep technological knowledge.