Place/Date: Kuala Lumpur, Malaysia - March 8th, 2018 at 6:28 am UTC · 4 min read
Contact: Linda A, Source: Hada DBank
Crypto Curios Podcast recently hosted Hada Dbank Advisor Robby Schwertner AKA “Crypto Robby”. The cryptocurrency Industry advisor spoke about his passion for blockchain technology and what changes he believes that it will bring to the future. Hada DBank is the world’s first digital Islamic bank and strives to provide the public with a fair and transparent risk and responsibility sharing, augmented by the technical innovation of the blockchain.
How do you start getting educated about Blockchain and Cryptocurrency? Many people will turn to articles, books (both physical and ebooks), videos and the internet. What many people didn’t realize is that, Blockchain and Cryptocurrency revived another medium of information sharing – The Podcast. Many podcast channels out there are constantly interviewing and sharing information about the industry.
Last week, our advisor – Robby Schwertner AKA “Crypto Robby” was a special guest at Crypto Curios Podcast speaking about his passion for blockchain technology. Speaking to James and Jeremy, the guys at Crypto Curious Podcast, Crypto Robby shared, how 4 years ago he stumbled upon the paper by Satoshi Nakamoto on bitcoin and the blockchain technology. With a background in real estate and energy, his first impression of blockchain is to assume that it’s a chain of building or houses; of course, that’s not the case. His curiosity got the best of him and he started digging on the subject matter and fell in love.
Blockchain as Robby puts it is a wonderful technology that enables the transfer of property and value instantly and securely. For example of this value includes money (cryptocurrencies), energy, intellectual properties and very much. Another feature of blockchain that was highlighted during the interview is that it is not possible for anyone, neither individuals nor businesses to do the double spending. What this means is that the value transfer is an actual value and not on credit. Cryptocurrency is also encrypted and blockchain is almost impossible to hack.
When asked about his opinion on the subject matter of Bank vs Blockchain, Robby revealed that it’s a 50/50 reception from a bank. He stated to banking executives some years ago during a meeting that:
“Some banks are concerned about how the blockchain will impact their business, on the other side many are looking into adopting and implementing the technology within their banking platform and system. The blockchain is not going anywhere, so adapt and shift your business focus”
The ultimate passion and interest of blockchain for Robby is the #ReturnOnSociety aspect of it. Blockchain enables the distribution of wealth back to the people and society. A Project such as Hada DBank where one of the main service provided is a Limited Unbanked Account, will help the unbanked population to gain access to a bank account, to store currency and remit funds when needed. Hada DBank also does not impose interest and service fees to their customers.
Robby also explained that the mismanagement and fraud that happened in the industry is not because of the technology itself, but the fault lies in the moral hazard that any industry suffers from. When asked if he thinks the Cryptocurrency aspect of blockchain will die down, Robby said that many people are fearful of the volatility of cryptocurrencies. However, he also reminded that national currency is also volatile and it is evident in countries such as Venezuela where hyperinflation destroyed the country and its economy.
The interviewed ended on a high and educational note with a kind advice by Robby:
“We need to be curious to discover the chances of blockchain technology and embrace it.”
About Hada DBank
Set to revolutionize the world of banking, Hada DBank determines to fuse blockchain technology with Islamic Banking Module. Having recognized the challenges for customers in the current banking state, blockchain technology will ensure security and transparency, while Islamic Banking module will ensure ethical banking and investment.
Hada DBank believes in benefiting and putting customers’ interest first, rather than profiting without limit and ethics. Thus – Caring & Personal will be the two words that will be embedded in every aspect of Hada DBank’s corporate culture, product, and services.
Hada DBank’s Pre-ICO is currently live, with an ongoing flash sale for the 1st one million tokens going up for sale at 1ETH = 4,000 HADACoin.