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ReCheck CEO believes blockchain has given people back control over their personal data.
Emiliyan Enev, CEO and co-founder of ReCheck, a blockchain startup in Limburg, Netherlands, welcomes blockchain technology and its many applications.
In a recent interview, Enev said blockchain is suitable for processes and use cases where secure data exchange, traceability, automation and transparency are important. he said:
Digital ledger technology plays a key role as a layer and component on existing platforms that enables true ownership of data and the direct exchange of value between users. I think we need to achieve a web2.5 that weaves and integrates into the system.What’s exciting to me is taking back control over personal data and being able to decide what information is shared with whom and the content we generate Another option is to take ownership of the platforms and products we use and share in the value they create.
Several countries are actively regulating or developing regulation of cryptocurrencies. Eneb added that he believes cryptocurrency regulation will affect blockchain development in the coming years. He said;
Regulations will certainly have a strong impact on that. On the one hand, they protect investors and consumers. What is important to me is that regulation is bottom-up, not imposed from above, and does not privilege only the big guys.
The crypto market has been bearish since the beginning of the year, mainly due to rising interest rates in many countries. Enev said he does not believe the market will recover as long as interest rates continue to rise. He said;
As long as restrictive monetary policy and high interest rates persist, cryptocurrency price recovery will be difficult. Yes, altcoins have little value.
The cryptocurrency market has lost more than 65% of its value in the last 10 months and its market capitalization is now below $1 trillion.
