Crypto sector requires ‘ethical’ growth to drive opportunities across multiple sectors

  • Date: 17-Oct-2021
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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Crypto sector requires ‘ethical’ growth to drive opportunities across multiple sectors

Dubai, UAE: The transformative potential of multi-industry Blockchain technologies and fintech was in the spotlight as the 4 Future Blockchain Summit and inaugural edition of Fintech Surge got under way as part of GITEX Global, the world’s largest technology showcase of the year, at Dubai World Trade Centre. Dr Farzam Kamalabadi, president of the Future Trends Group and Executive Chairman of Hyper Optimum Organisation (HOO), a Blockchain assets service platform, emphasised the need to evolve the sector in an ethical way in his address. Dr Kamalabadi discussed his own ambition to create a framework and system that would offer potential for multi-dimensional growth while onboarding non-crypto communities. He said: “Through a methodology of what I call vortex creation, the swap of shares and hubs and extraction coins, we can create clusters and grow into conglomerate creation, bringing in many more projects and increasing traders. “Through multi-linear and multi-dimensional growth, organisations can multiply quickly, and help others to progress in the correct way. The industry currently has a mix of correct and incorrect ways of operating; it is full of successes and many more failures. We want to reduce those failures and increase the successes by sound methodology and wealth generation