The Enterprise and Rise of Blockchain Developers
2017 was a busy year for New York entrepreneur Dean Anastos. This is mainly due to the fact that he and his team at Blockchain Developers were in high demand. Specializing in token creation and smart contracts for clients on the Ethereum network, Blockchain Developers sought to work with a specific caliber of enterprise.
For Anastos, BlockVentures S.A. de C.V. is one such entity that has been working with Blockchain Developers. Based in Guadalajara, Mexico, they specialize in building businesses within the blockchain technology space. The founder and CEO of BlockVentures, Al Rosario, first reached out to Anastos for advisory support in an ongoing project of purchasing various businesses throughout the world to eventually transition their data infrastructure to a blockchain-based model.
"Mr. Rosario wanted us to help with the technology regarding the smart contract development needed for his vision. We've been hard at work on this over the past several months now and are seeing the projects coming to fruition."
Anastos touted the fact that Rosario has already been successful in getting the company's token on the ForkDelta exchange while working with Mexican officials on a key set of projects. "He's working in conjunction with a several multinational companies in Mexico where the company will provide blockchain solutions for their logistics and security needs."
The initial project, according to Anastos, involves the management of fuel from tankers that deliver gas. The goal is to capture data from telemetric valves that accurately tracks volume flow. This data would then be time stamped and recorded on the blockchain.
"This is just one of many cool and exciting projects Rosario is engaged in," said Anastos. "He has a knack for successfully executing business ideas. It's exciting to be working with him."
Built from the same block
Rosario and Anastos worked well together from the start due in part to commonalities Anastos pointed out, "We're both from New York. He's latin and I'm latin. So when we met we really hit it off."
Rosario sees great opportunities for blockchain technology in Mexico. "What happened, as you may know, is that they are one of the first countries getting a handle on regulations in this industry. In fact, major regulations have just been passed through Mexico's Senate and Congress and now awaiting the signature of the President. We are positioned to be at the forefront of compliant blockchain companies in Mexico."
Rosario sees current opportunities in Mexico as business-friendly, especially for technology. "We just signed a deal with a group out of Japan for a cryptocurrency exchange there as well as one in Latin America."
Rosario's interest in these types of business projects has come from a desire to work with tangible enterprises where his team could carve a niche in developing blockchain pilots and programs from the ground up.
"It's exciting to bring the blockchain in and determine how it can best serve these markets."
Rosario also pointed out the need for flexibility, as in life, when working in the emerging blockchain technology space.
Building Blockchains for Established Businesses
On the other side of the business equation is Anastos's belief that the key difference between Rosario's projects and many others is that his are backed by businesses that are already established. "His work is not speculative in the sense of trying to develop a technology that has a lot of ifs, ands, or buts," said Anastos, speaking of Rosario. "He is simply taking businesses that have already proven themselves and placed them onto the blockchain."
One global trend that Anastos continues to watch closely for BlockVentures and his other clients is the ever-expanding regulatory environment around blockchain technology and cryptocurrencies. "There is definitely going to be a lot more regulation. From what I'm hearing from insiders, the SEC is watching ICOs closely and taking notes. Eventually I believe we'll see a lot more crackdowns moving forward and more regulation."
In the end, Rosario believes that Blockchain Developers offers an unmatched value proposition: the opportunity to work with a nice group of very talented technology people who are available and congenial.
See BlockVentures as one of the featured companies in Rise of the ICOs, a documentary produced by Dean Anastos in conjunction with Chris Cannuciari, the same filmmaker who did Banking on Bitcoin .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.