Matthew Roszak discusses blockchain enterprise strategy and business models on the UK's Necker Island

Rage Comment : Matthew Roszak, founding partner of Tally Capital, wants to use Bitcoin to solve the friction problems encountered in the payment process in countries such as the Philippines, Indonesia, South Korea, Malaysia, etc. These countries still need to go through a third party during the payment process, which not only increases the cost but also prolongs the payment time. The business model of removing middlemen adopted by blockchain companies can solve this problem well. Roszak said that companies such as Bloq, Chain, R3, and Digital Asset Holdings are also testing blockchain projects to promote the implementation of blockchain projects, so as to concentrate on research and development.

Translation: Nicole

Matthew Roszak, founding partner of Tally Capital, has 20 years of experience as a venture capitalist, selling software to enterprise companies in fields such as human resources, public safety and video surveillance. He stumbled upon Bitcoin through a Singaporean social gaming company he co-founded in 2011, and learned that countries like the Philippines, Indonesia, South Korea and Malaysia encounter a lot of friction in the payment process.

Matthew Roszak

He said:

“Bitcoin came along and it was like this magical internet currency, how could this be possible? But it wasn’t until 2012 that I did what I tell everyone to do: I locked my door, turned off my phone, and studied the technology.”

Since then, he has invested in 21 different Bitcoin ecosystem companies while producing the documentary “The Rise of Bitcoin.”

Roszak is currently the co-founder of blockchain enterprise company Bloq, which has caused a lot of discussion, partly because co-founder Jeff Garzik is a well-known former Red Hat Bitcoin Core developer who worked at Red Hat for more than a decade. As such, Bloq proposes to work with both enterprise consumers and developers to jointly develop open source blockchain protocols like Bitcoin and Ethereum, aiming to ensure that the needs of enterprise consumers are met during the development of the protocol.

Sir Richard Branson and Matthew Roszak on Necker Island

Roszak and I recently attended the 2016 Blockchain Summit at Richard Branson’s NeXT, and he took some time off (before his tennis match with Branson) to discuss one of my new podcasts, “Off-Chain: Inspiration from Blockchain and Internet Finance.” Roszak also attended the 2015 Blockchain Summit, and founded Bloq after his conversation with Garzik.

In this podcast, he talks about blockchain technology:

"The real invention is that for the first time, we can transfer money privately and securely without going through an intermediary, without using a bank or Visa. This is a great invention that has changed our lives."

Bloq is all about making sure we don’t have a single blockchain. “I believe this is going to be a multi-token, multi-network, multi-chain world,” Roszak said, with Bloq helping both public and private blockchains in different industries, terrains, and assets, as well as various interconnected purposes. Currently, he described the development status of various enterprise companies such as Bloq, Chain, R3, Digital Asset Holdings, etc. running blockchain test projects, “to verify which company is doing well, and then invest more energy in that company.”

We also discussed the business model of companies using this technology, which is essentially a business model that removes the middleman. How can companies with traditional business models profit from blockchain technology after the transaction volume decreases?

Roszak has discussed this with Chinese companies, and he is a leader in Bitcoin mining and trading, and also expressed hope that China can influence the development of Bitcoin and blockchain, a region I have also developed. "The flow of money in China is more convenient and less frictional than in the United States." He said that many apps developed in China are more user-friendly, and he sees a future where our mobile wallets become blockchain 'browsers' and trade with the world.

He said:

“Apple Pay is laying the foundation for the next generation of true mobile wallets, the kind that allow you to manage your identity, your assets, not just airline miles and credit cards tied to your Apple Pay account — true microtransactions and peer-to-peer lending of digital currencies. The mobile wallet will eventually become the browser for the blockchain, the browser through which you interact with the world — the mobile wallet will become your personal data layer, the place where assets and identity and money can come into play.”

Finally, when asked if he had any advice for enterprise companies, Roszak said, “Enterprise companies are doing the right thing — they are investing time, energy, and money into blockchain technology.”