Since the introduction of cryptocurrency which poses to become a decentralized mode of transaction, many users of these digital currencies are still worried about fraud and data fragmentation. However, various bitcoin merchants are creating new platforms, with advanced security features for efficient blockchain processes. In the online gaming world, for instance, there is a new platform known as WAX by the Virtual Assets Company OPSkins (where Malcolm CasSelle is the CIO).
Solution to Fragmentation
The launch of OPSkins’ Worldwide Asset eXchange will have a positive impact on the trading of virtual assets, particularly, games. First, the platform will eliminate fragmentation of asset trading sector. This will be possible through swift transactions that would see gamers buy or sell without canceling their screens. The blockchain system of WAX will as well as eliminate the involvement of mediators and FOREX, which are significant features in the market. The confidence of WAX President Malcolm CasSelle in the platform is appealing to the gamers.
Elimination of Fraud
Apart from the issue of fragmentation, the platform will eliminate fraudsters. It is no doubt that cons dominate cryptocurrency transactions, which leaves the clients with no original transaction receipts. The system will remove a majority of intermediaries who are significant players in fraud activities. This massive crackdown of middle parties will make sure every transaction is completed as per the agreement between a buyer and a seller.
About Malcolm CasSelle
CasSelle is presently the Chief Information Officer of a leading platform for trading video game assets – OPSkins, besides being WAX President. He studied Computer Science at Stanford University and MIT. He has involved himself in tech businesses which cover bitcoin and the gaming industry. Apart from founding businesses, he invests in social and tech giants such as Zynga and Facebook.
Among the earliest ventures by Malcolm CasSelle was co-founding of PCCW. The company would grow into a 38 billion dollar company barely two years after its foundations. Other startups that he steered into entrepreneurial success include MediaPass and Xfire. Both of this companies would record appealing victory in the entrepreneurial world. It is also clear that the InfoTech expert will be focusing his investment power on integrating new blockchain platforms for the gaming sector.