Deep Look at Bitcoin and Blockchain Revolution!

As the Kriptokoin.com team, we had the opportunity to interview Benjamin Martin, Corporate Business Development Manager of OKX, one of the major cryptocurrency exchanges, at the Blockchain Economy Istanbul event, which we are the official sponsor of. Martin; He shared his thoughts on blockchain technology, cryptocurrencies and Bitcoin. Here are the details…

Are we in the early stages of blockchain?

Last week’s Blockchain Economy Istanbul event had a wide resonance. cryptocoin.com We also interviewed important figures who attended the event. Today we are sharing our interview with Benjamin Martin, Business Development Manager of OKX, one of the largest cryptocurrency exchanges. Before the interview, you can watch our video about the event below:

Cryptocoin: Today we are with Benjamin Martin. Can you introduce yourself?

Benjamin Martin, Business Development Manager at OKX: Of course. I’m Benjamin Martin. If you say let’s be official, I’m OKX’s corporate business development manager.

Cryptocoin: Do you think the blockchain revolution is still in its early stages?

Benjamin Martin, Business Development Manager at OKX: Definitely. I think if we look at Blockchain, what happened in 2009 and before is definitely inspiring. However, we may have forgotten the reflections of previous experiences in similar projects. Therefore, I am sure that we will also talk about the Internet. The evolution of blockchain over the past 12-13 years has mostly taken place in the crypto space. Nowadays, we see that crypto is now accepted in the banking field. In addition, we are witnessing the introduction of regulations and regulations for cryptocurrencies, and governments entering this field.

How far can we go with Blockchain? What is the limit of this technology? Blockchain has no limits. I’ll go into that a little more when we talk about the Internet. But essentially, despite all these advances, I think the development of Blockchain is in its earlier stages.

What will be the changes that Bitcoin, cryptocurrencies and Blockchain technology will provide?

Cryptocoin: How will the blockchain industry change the banking system?

Benjamin Martin, Business Development Manager at OKX: I think he’s already changed.

Cryptocoin: What kind of change did it cause?

Benjamin Martin, Business Development Manager at OKX: First of all, it hasn’t changed as much as I’d like.

Cryptocoin: Don’t like this change?

Benjamin Martin, Business Development Manager at OKX: No no, I love change, but the banking system we see now… It’s a bit money-oriented. The only purpose of banks is to try to fill their own pockets. When we compare the two systems, we can make instantaneous transactions, which take 3 days in the banking sector, via Blockchain.

So where are we going? There is only one way we can go: to streamline, fully deploy and make things safer, faster and more cost-effective. I think what’s holding us back right now is that traditional banks don’t want to give up their income from money transfers and other transactions.

In the meantime, you can watch the video of our team’s interview with Martin in the video below:

Benjamin Martin: I’m bullish on Bitcoin (BTC), crypto

Cryptocoin: It was a very good answer, thank you. So where do you see Bitcoin in the next 10 years?

Benjamin Martin, Business Development Manager at OKX: I would like to say and discuss that I think negatively about BTC. But of course not. This question is the simplest in the world for me. Look, I’m playing at OKX, it’s the second largest stock market in the world. I’m bullish on BTC, I’m bullish on crypto as well, although my answer will come as a surprise. BTC has outstripped all traditional domains.

In fact, even my 89-year-old grandmother asks me about BTC and crypto. Probably asking because I work in this field. But the bottom line is, a lot of people want to get into the crypto space. In addition, various industries such as traditional banks and governments are now joining this caravan. Big fund companies like JP Morgan, many official institutions and governments are now adapting to Bitcoin (BTC) and crypto. If you ask my own opinion, it will be used as the main payment system of pension or private pension funds within 10 years. I think crypto will be one of the most important tools in the advancement of financial technology.

Martin drew attention to the similarities between the Internet and Blockchain

Cryptocoin: Do you think blockchain is currently in the same position as the internet in the 1980s?

Benjamin Martin, Business Development Manager at OKX: I don’t think they are the same, but they have similarities. If I remember correctly, the first e-mail was sent in 1989. Look how much the internet has evolved since then – we’ve now moved on to robotics. I think Blockchain goes through quite similar, if not identical, paths. As we lived on the Internet in the 2000s, we see quite similar volatile movements in the crypto and Blockchain space.

Afterwards, if we look at how the internet has progressed, everything has become simpler. Now you can instantly connect; It has turned into a tool that hosts technologies like Google, Amazon. Unfortunately, I’m not smart enough to tell you what Blockchain will do in the next 20 years. But I can definitely say that we are at the beginning of blockchain technologies right now and Blockchain will evolve at least as much as the internet today.

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