On June 6th (GMT+8), InnoKOL had a fascinating conversation with Ms.Rebecca Spour, the Co-Founder of Chase Rainwater, talking about her unique working experience and the development of emerging technologies.
Jokia: How would you describe yourself in three words? What’s your motto?
Rebecca:
I’d describe myself as creative, innovative and productive.
My motto is: Celebrate existence. Leave a legacy.
Jokia:Can you please share more about your educational and professional background? And we’d love to hear what brought you to emerging technologies and innovation.
Rebecca:
I’m alum from the University of Guelph here in Canada where I first studied neuroscience. I later became a financial broker working for large firms like power Corp and investors group. I started working for several media groups as well and now am editor of lifestyle magazine on Bay Street in Canada. I focus on emerging business trends. This media work led me to many exciting conferences in emerging technologies that inspired me to start my other companies.
Jokia: As a sought-after consultant, could you share 1-2 expressive cases on the technology revolution or corporate innovation?
Rebecca:
I’m currently an ambassador for a company revolutionizing electronic transactions with a comprehensive digital wallet solution.
There is a new replacement for bar codes. A 2-dimensional code that links the physical world to a purchase or any form of information and acts as a secure identifier. It will revolutionize supply chain.
Another passion of mine in innovation is the emerging policy around decentralized autonomous organizations. Wyoming recently passed a new LLC law. Many traditional business models will change as organizations will be run by smart contracts. I have several DAO clients.
Jokia: You have been deeply involved in bringing novel solutions to fruition leveraging expertise in AI, Blockchain and Fintech. From your experience and perspective, what’s the biggest challenge for the mass adoption of cool technologies?
Rebecca:
The biggest challenge for mass adoption is education. Not everyone is technical or a coder. Policy reform is inevitable but will take time. KYC AML on ramps also necessary. The most important thing for adoption is also ease of use, stabilizing volatility, integrating with existing products etc. It’s nice to see El Salvador putting BTC on their balance sheet. Progress is definitely happening when nation states make this sort of policy real.
Jokia: Retail is a fast-moving sector, and success in the industry means keeping up with technologies. Artificial intelligence (AI) is one of them, how will AI reshape the future of retail from your personal perspective?
Rebecca:
Ai is going to enhance personalization in retail. It will optimize customer experiences, automate forecasting, automate inventory management, create real time additional business insights & data, smart check out etc...
Jokia: The financial industry is becoming ever more digitalized. What’s unique and game-changing about Blockchain technology for traditional financial industry?
Rebecca:
Blockchain has so many use cases in finance! From voting & shareholder rights programmed, capital markets, asset management, payments & remittances, banking & lending, trade finance, accounting & boom.
Blockchain brings less cost and reduces counter party risk. Digital securities can be issued faster with more customization, transparency, trust, programmability and greater liquidity. Blockchain can even be used for cap table management.
Jokia: Could you disclose the unique opinions on opportunities and challenges for China’s digital currency revolution especially the Central Bank Cryptocurrency?
Rebecca:
Many opportunities with the digital currency revolution. Digitized money could reorder the fundamentals of finance to improve speed / efficiency. Options for people in poor regions to transfer money easily internationally with mobile ease of use, lower costs, tracking automation and modernization of infrastructure. Digital currencies can make it easier for governments to issue tax credits or social benefits.
Challenges are inevitable though as it will change remittances and trade creating long geopolitical conversations that will require complex policy discussions. It will change cross border currency movement. I’m watching the software the bank of international settlements is using closely. I’m optimistic we can work towards defi models and unite globally for modernization of infrastructure. SWIFT is old technology. Blockchain will bring trust and transparency.
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