Although crypto prices are stable and investor interests are at a low pace, blockchain’s ability to transform and disrupt sectors keeps reeling in the ones looking to develop. 

Specifically, Lars Seier Christensen, who established the investment banking entity Saxo Bank, reportedly shared his perspective that blockchain’s inherent functionalities were the primary driving force for his decision to form a presence in the sphere, via operating a blockchain initiative dubbed “Concordium”.

“I am fascinated with the many ways blockchain can be used in the real world to improve data security, prove ownership and add efficiency, traceability and provenance to many processes.”

Per Christensen, with the assistance of the tech, new business models would have the ability to come up with inventions  in the near future. 

Nonetheless, the executive shares a belief that the investment scene in crypto is still in its immature stage, in comparison with traditional finance, with numerous initiatives not going to see ultimate success. 

“The projects that consist of hot air and hype will fail, but out of the dust will arise great projects and companies for the future economy. So, it is a healthy shake-out that will focus investors on tech and science quality much more in the coming years.” Regardless, Christensen also mentioned that there will be nominal names that will emerge from the uncertainty. 

Saxo Bank was reportedly an adopter of the internet since its initial phase, with Christensen revealing that there was “a lot of nonsense” during that time, possessing similarities to the existing conditions of the sector. 

“In my view, blockchain has the biggest transformative potential of any new technology since the internet” In spite of this matter, the executive still places a strong belief in the tech.

Upon the question of advice for the ones who are also coming from a traditional finance background that share a keen interest in blockchain and crypto, the executive said that they should have the persistence and guts to be part of the developing space.