Blog:
Newconomics 2023 - Meet our Speakers: Karine Arama
Have you booked your spot at Newconomics yet? Be sure to sign up so you don’t miss the chance to hear from people who are already working with web3 technologies and innovating towards new economic futures. One such expert is going to be a speaker and a judge for our startup competition. Karine Arama is a partner with SGH Capital and Board Member with Blockchain Innov and with a background in traditional finance, she has a clear vision of how these new technologies evolve. Karine shared her thoughts with us ahead of Newconomics.
“When I was first introduced to blockchain technology I had only a passing interest, my expertise was in traditional finance. I gave myself 72 hours to learn as much as possible, and those hours completely changed my perspective.
Web3, NFT, and the underlying Blockchain technology exhibit a level of complexity similar to the early stages of the accessible internet. Consequently, the primary obstacle to becoming involved in this domain is the need to engage in a comprehensive learning process encompassing high-level concepts, the understanding of potential societal repercussions, and the intricacies of the technology itself. Just as I was a bit overwhelmed to start with, I then began to see the opportunities.
The next hurdle is practical implementation. Ownership of digital assets necessitates the management of various components such as a digital wallet, private keys, and public keys, custody, among others. Vigilance is still imperative due to the limited regulation within the ecosystem, rendering individuals vulnerable to hacking and scams. These barriers persist right now because we’re in the really early stages of a broader cycle of adoption, it needs time and this can be difficult for short-term investors who want a return over six months. In this area, a longer timeline is important and it could take the next five to ten years to see investment returns in the strongest companies and innovators.
Though we might not see it straight away, it's the innovation beneath that can really change the way we live and work. Over time and with adequate and secure frameworks, we will find the balance between the traditional corporate structures and what web3 technologies can offer, including DAO (Decentralized Autonomous Organizations) or simply decentralised teams.
Right now, web3 signifies the concept of personal ownership over data and assets - the dawn of a fresh epoch for creators. We have a way to go in terms of adoption, and we will need to be patient to get there. Because of this timeline, and as an investor, it’s the underlying technology that interests me more than most of the applications, for now.”
Find out more about the new economics of Web3 and how it can change the way we work together at the Newconomics event in Lisbon. Full details and registration can be found on the website.
