Dec 14, 2022
"We don't lead with Blockchain, we lead with the value."
In this episode, I’m in conversation with Victor Wong, who is the Chief Product Officer and Founder of BlockApps, on the problem of seismic entitlement management for upstream oil and gas companies. Seismic data is long life, frequently changes hands, very high value, multi-format, and gains in value as interpretation technology advances. The administration of the rules of use and access, called entitlements, are contracted between companies, but administering those contracts is very hard because of the nature of seismic data. Blockchain technology presents a very attractive solution, reducing process times to seconds (vs months and years for the status quo).
"You can think of it as like a registry that you can trust. And because it exists on the blockchain, it's kind of neutral. It's not held by one party, and it's not owned by anyone."
Victor Wong is a serial entrepreneur and recognized thought-leader in the blockchain space. In his current role as Chief Product Officer & Founder at BlockApps, Victor has helped define the STRATO architecture to solve key blockchain issues of permissioning, data privacy, and enterprise-level performance.
"The best thing that a startup has, in their complex world, is speed of execution. That's your one advantage, because there are always going to be bigger companies, there are always going to be people that have more resources, but the bigger you are, the slower you make decisions."