CRYPTO NYC 04.16.18
On April 16, 2018 a close group of traders, quants and blockchain entrepreneurs convened at edChain Headquarters in NYC. We discussed open-source education, investments and trading strategy development.
RECAP FROM OUR EXPERTS
Blockchain and crypto is still in the early stage with massive potential. One constraint is institutional resistance. edChain discussed the need for an open-source education network that will empower content creators. There is an opportunity to balance conventional challenges around intellectual property in the U.S. while granting affordable access to content on a global scale. In the crypto trading space, Bruce Powers discussed the rise of Millennial involvement that will reshape the existing paradigm. Overall, this fundamental disconnect will encourage global competition.
E D U C A T I O N
Founding Partner, edChain
Rak Chugh and Emily Hunt operate Byte Academy, a coding school teaching one of the first blockchain programs. The team realized the potential of blockchain technology to solve needs in the education system.
The result is edChain, an open-source platform that connects global students to educational content. The network is accessible to remote areas using decentralized technology that removes the need for broadband. Rak explained the opportunity to scale as the education market is larger than the software market. Only two percent of the education market is digital and there is difficulty in creating a quality standard product. Transparency will enable lifelong learning, improve course verification and ultimately empower developers and content creators.
T R A D I N G
BRUCE POWERS, CMT
Head of Trading Systems, Relentless 13 Capital
Bruce of R13 Capital provided great context on the cryptocurrency market. He discussed strategy development and the inclusion of digital currencies in asset management.
The crypto market is unique. It's the first global market that truly operates 24/7. There is a strong herding behavior that drives price patterns in the crypto market. For traders, this creates an opportunity to utilize technical measurements. Bruce is optimistic given evidence of institutional interest.
On strategy, Bruce outlined the automation process of short-term directional positions. The presentation also stressed the need to analyze down-moves relative to up-moves.