Why blockchain may fundamentally change many industries, including the finance industry, George Lai, Crypto Commonwealth

//Why blockchain may fundamentally change many industries, including the finance industry, George Lai, Crypto Commonwealth

Why blockchain may fundamentally change many industries, including the finance industry, George Lai, Crypto Commonwealth

blockchain finance industry, George Lai, Crypto Commonwealth

Blockchain insights with George Lai, Crypto Commonwealth

What is your own background briefly?

I am a senior quantitative analyst in an investment bank, and develop models for financial derivative products pricing, risk management, etc. and also support the front desk trading. Before the current position, I was in a similar role in the FinTech company, developing models and solutions for the derivative financial products. Prior to that, I received my PhD in biophysics field from Stony Brook University.

Does it seem like a logical background to what you do now?

I am working as a senior quantitative analyst in an investment bank now. The main responsibilities of my role have two parts: 1. developing the analytic financial models for the derivative products, such as bond, swap, options etc. And those models will be used for the different teams, such as risk management team, model control team and front office traders. 2. supporting other teams who use our models, especially for the traders in the front trading office.

For example, if the trades find something unexpected in the trade when they use the model, they may come to us ask why. My role requires the background of math, computer and financial. And I have such background, so it is logical for me to what I do now.

How was the last 12 months?

Good and busy. Doing many projects and every day I can learn something new and interesting.  Doing the projects that relate to what I described above. For example, I developed a new product asset return swap for the traders and supported them to use the new product.

Why did you get involved with Crypto Commonwealth?

CC would like release some financial derivative product, such as a convertible bond, and CC needs to how to price such bonds and how to manage the risk of this product. I have such background and experience.

What will your role be?

I am an advisor for Crypto Commonwealth. My financial modeling background may help CC to issue the new product such as a convertible bond on Crypto.

What are your goals for 2020 with CC?

I will help CC to develop the derivative pricing and token sale mechanism, preparing for the company financing sale in this coming June and September.

 BTC and ether seem to be rising again, what does the crypto world look like for 2020 and beyond?

More and more people are joining the crypto world. Digital currency is a big focus not only for the traditional financial big names, such as JP Morgan, Citi, Bank of American, other hedge funds and so on, but also for some big names in the tech company,like facebook. More and more companies have put the BlockChain/Crypto as the core part of their business. China even tries to apply the blockchain/digital currency on the state level. So it has bright future.

Who and where do you get inspiration from?

I have noticed the Crypto for a while, such as bitcoin and libra. The underlying technology blockchain may fundamentally change many industries, including the finance industry. The property of the decentration of digital currency can provide much more efficiency and transparency for trading, transaction and so on. Those tech and properties have been applied to many fields and gradually show how powerful they are. In CC, I have more chances to look closer on the digital currency/blockchain and understand more how it works in the real world.

More about Irish Tech News and Business Showcase here

FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 30,000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview, or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles. Contact us, by email, twitter or whatever social media works for you and hopefully we can share your story too and reach our global audience.

Irish Tech News

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking

Article by [author-name] (c) Irish Tech News - Read full story here.

By | 2020-02-27T23:09:27+00:00 February 27th, 2020|Technology|Comments Off on Why blockchain may fundamentally change many industries, including the finance industry, George Lai, Crypto Commonwealth