Victory Square Technologies CEO Peter Smyrniotis Talks Security Tokens
At the World Blockchain Forum in New York City, Victory Square Technologies director and CEO Peter Smyrniotis sat down with Moe levin to discuss the topic of security tokens. This topic has been a hot one as of late, with the U.S. Securities and Exchange Commission (SEC) dolling out a highly controversial ruling on crypto tokens in 2018.
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The Current State of Security Tokens and Where They Will Be in the Future
Answering Levin’s questions, Smyrniotis gave his thoughts on the current state of security tokens and where they will head in the future.
When asked if there is any way security tokens will not be a major part of cryptocurrency’s future, Smyrniotis said: “No. they are definitively — security tokens are a necessity. They are as important to us now as any aspect of technology improving the quality of our life.”
Smyrniotis compared security tokens to apps on a smartphone. The important advancement wasn’t the smartphone, he said, it was apps. They made smartphones such a vital part of modern life.
Smyrniotis asked the audience rhetorically: “who here can’t live without apps?”
Levin and Smyrniotis also discussed the future of security tokens, and how long it will take for them to become a functioning and useful resource for people in the blockchain space.
Smyrniotis shared his thoughts on how long it would take for the technology to advance to a mass adoption stage, and what needs to happen for it to get there. Addintally, the two discussed what kinds of things these tokens will be used for in daily life once they do hit that mass adoption phase.
To get the full details on this discussion about security tokens, including use cases and regulation, listen to the full audio of this World Blockchain Forum presentation.
Image via Tyson O’Ham