Mar 28 Ahmed Juhany
Slush Tokyo CEO, Antti Sonninen, welcomed the eager crowd with a powerful opening, hailing Japan’s revolutionary startup movement. The energy was tremendous. The community had gathered, ready for two days of breathtaking technological disruptions and a peek into the awesome future that awaits.
A New Age of Payment Solutions
Ripple CTO, Stefan Thomas kicked off our event at the Dome with a hauntingly frightening reality. “The web business model is broken.” A powerful statement. In an age when digital presence is crucial, payment models are simply incomplete. “The current ad revenue model is nothing more than a bypass of a fundamental problem,” he continued. “There’s no direct, reciprocal approach from the user to the website owner.”
But there’s hope, and that is the Interledger Protocol: an open protocol suite for sending payments across different ledgers. Drawing from internet routers, connectors, route packets of money across independent payment networks. Stefan summarised it in one, final statement, “True reciprocity, from content providers to consumers, is now possible.”
The Future Token Economy
Following Stefan on stage were entrepreneurial giant and investor, Taizo Son, and one of the leading experts of the up-and-coming token economy, Aya Miyaguchi (Executive Director at the Ethereum Foundation).
The pair began their interaction warmly, sharing their personal introductions into the world of entrepreneurship and the valuable lessons they’ve derived from their journey, “If I were to give one, final lesson, that encompasses all my beliefs, it would be that we should never underestimate the power of the individual,” Taizo said.
When it came to the tokenized economy, the discussion followed a similar sentiment. “Since its inception, Ethereum has always been about decentralisation,” Aya began, “even when faced with the challenging trade-off between transaction speed and decentralisation, the latter had always been our priority.”
Indeed, decentralisation holds immense potential of empowering the individual. Aya, believes increasing autonomy will also serve to empower the community. “A sense of ownership, over yourself, your identity, and your possessions, will only bring out the best of you. That’s what we need.That’s what we need. That’s the future.”
Innovation and the New Age of Democracy
Towards the end of the first day, Viola Llewellyn, Co-Founder & President of Ovamba, took the stage to present a development that is, all too often, neglected. The Lions on the move. Africa’s new dawn of democracy and the region’s economic potential.
“The world, by 2045, will experience a shift in economic power,” she declared, “The African economy is only going to become more vital, quadrupling its economic size and becoming a leading figure in the world’s economy.”
According to Viola, Africa is at an economic tipping point. Now is the time for investors and entrepreneurs to look to the promising region. To take charge and leverage Africa’s immersive adoption of technology and welcome the region’s emerging movement. “Africa’s adoption of technology is unlike any other region’s. It happens faster than anyone can ever possibly imagine, and once it does, it doesn’t ever let go,” she explained to the crowd.
Finally, Viola stressed one last point, “Investors should embrace the new era of individualism”, she urged, “Technology has empowered the individual. Readied with the tools necessary to succeed, Africa does not need charities. Its rise will of its own accord. And we will witness a new age of technological democracy.”
Day 2’s agenda promises more excitement. Make sure to check out our program page to keep up with the event.
Photos: Petri Anttila
Pitching isn’t everything, nor it is the only thing. This year, we’d like to offer our startups a brand new alternative to showcase themselves and – first and foremost – their product. Sweet. Product is pretty essential. And how does this work? The idea behind Showcase Studio is to give selected startups who are a […]
Slush talks a lot about the different phases of founding a startup. We talk about building, scaling, growing, recruiting, funding and everything in between. All of these things are essential, but to understand the relevance of everything we do, we should also look into the very DNA of what a startup is and where they […]
Hey postdoc, we want you and your ambitious ideas! Application period for the Slush Research Pitching Competition Skolar Award is now open. In this competition postdoc researchers pitch their novel research ideas on stage at Slush in order to win 100 000 euros. The aim of the competition is to bring the bold and wild research […]
Earlier this month, Swedish digital health app KRY announced they had raised €53M ($66M) in series B funding, led by Index Ventures. This brings their total funding since 2014 to approximately €79 million ($92 million). Thus, we’re excited to announce KRY’s CEO and co-founder Johannes Schildt as a speaker at Slush 2018! KRY is in […]
With only a little time left to secure your ticket at the discounted price, we thought that it’d be a perfect time to invite you to have a sneak peek of some of the first pictures of how Slush 2018 will look and feel like. The event will be organized once again at the Helsinki Exhibition […]
The countdown has begun! Today, 5th of June, is the mark of only 101 days left until Slush Singapore 2018 will open its doors to the tech-heads of Southeast Asia and beyond. To celebrate this occasion, we’ve just opened our ticket sales! Why 101, you might ask. The number has been an important part of […]
Not first without the second! It’s time to reveal a little more of what to expect from Slush this year. We’re delighted to introduce you to our speakers Preethi Kasireddy, Maximilian Tayenthal and Sonali De Rycker. Preethi Kasireddy, Founder and CEO of TruStory Preethi recently launched her new startup, TruStory. It’s a platform aiming to […]
We’ve been itching to announce our first speakers for Slush 2018. Finally, the time has come! Our first batch consists of three founders who will share their stories on Founder Stage this December. Here’s a bit on each of them! Joel Flory – Co-founder & CEO of VSCO As the co-founder and CEO of VSCO, […]
Helsinki-based Yousician, the world’s leading music education company, has been on an almost decade long journey of learning about gamifying, community building, and of course, learning new instruments. CEO and co-founder Chris Thür has been leading the charge towards the company’s goal of making musicality as common as literacy, and overseen lots of change in […]
We collect cookies to make your experience here smoother.
Sign up to our newsletter. We inform you about this and that every once in a while.