Even the most conservative fields opening up for Screenist

If you need a proof that blockchain-based Screenist is a perfect fit  for a giant, ever-changing market, just take a look at one of the  world’s largest and most exclusive gatherings Ritossa, where even the  most conservative investors are opening up for the new possibilities of  the technology, and with that, the application as well.

The Ritossa Family Office Investment Summit in Dubai (2-4th March  this year) is a huge event with an attendance of family office wealth  and representatives of over 4 trillion dollar in wealth. Jason King  Co-Creator of Flashcoin and managing partner at CGS Group was there to  represent Screenist, so we asked his opinion about the latest trends  within the field, and the potentials of Screenist in the market. 

“Family offices are still very conservative when it comes to crypto,  yet an exciting vibe is to be seen among the participants in the new  emerging asset class. Especially the newer, 2nd generation family  offices are striving to explore these new opportunities, but more  traditional ones are beginning to open up, too. Just think about it for a  second: the main focus of the event was the next generation of finance,  how the future of the capital investments are looking, and still… even  in this very traditional, conservative environment a huge overwhelming  proportion of blockchain and crypto topic was definitely the subject”,  Jason (who himself is a serial cryptocurrency and blockchain technology  investor) says. 

The summit is mainly a networking event with a number of hot panel  discussions and presentations, and it’s great news for blockchain  enthusiasts that Bitcoin Titan and VC giant Tim Draper also attended the event, and gave great talks and a presentation with an overwhelming interest. “Well,  it’s a big thing if he comes to such a conservative event. He is very  passionate about bitcoin, targeting next generation shopping”, King concludes. “It’s a 100 billion dollar industry, and Screenist is perfectly  positioned to capture the oncoming demand. At Ritossa, I met family  offices investing in very traditional, conservative areas, some of them  in 80 different industries, with an incredibly diverse portfolio. 

They are perfectly aware of the changes in the retail world: giants  like Victoria’s Secret are shutting down their physical stores, a great  number of brands are reducing physical footprint and are looking for  other resources. Everybody knows that people hate ads, no wonder there  is a huge interest in cutting-edge technology like artificial  intelligence and big data, with blockchain offering very valuable data  to give insights to vendors. Screenist is a good position and good  fit for a large existing ecosystem of shopping, mainly attractive to  investors looking to dominate and influence a large market scope”. 

Family offices have an entirely different risk-taking appetite than  what we are used to elsewhere, they need to feel safe about their  investment. They are just exploring new opportunities after months of  being reluctant to even look at them (due to unfavourable market  conditions in the region), and  the scene is only getting better when  the industry is proving itself that its worth investing in.

 “The point is that Screenist is at the right end of the spectrum,  with a huge, ever-growing demand from various fields of businesses. We  just need time to address big technological players as well, and wait  for international investors from all fields” – said Jason King.

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