Welcome to EARLY, the podcast about web3 business from Bankless Consulting.
DSide's guest today is Richard Olsen. Richard has been referred to as the Great Grandfather of Blockchain. He is a financial powerhouse, a visionary, and a supporter of change for a better future. He established Lykke in 2013 and launched the exchange in 2015 with the goal of using blockchain technology to transform the financial services industry.
On this episode of EARLY, DSide and Richard discuss high frequency trading, how regulations affect stakeholders in the decentralized finance space, as well as how artificial intelligence (AI) and big data can shape the financial markets for better outcomes in the future.
Under Richard's direction, Lykke has consistently positioned itself as a provider of blockchain and financial services products to strategically reach out to new consumer demographics in the B2B and B2C market with the goal of reinventing the financial services sector and demonstrating to people the true potential of the blockchain. Cycling is a hobby for Richard and he also believes sufficient rest is necessary for maximum productivity.
***Timestamps***
1:34 - What is High Frequency Finance?
4:15 - Simplifying trading for everyone
7:02 - Bringing finance onto the blockchain
9:35 - Impact of regulations on blockchain finance
11:18 - The core of Lykke’s business model
13:56 - Democratization of financial markets for fostering inclusion
18:45- Assets digitization has come to stay
20:50 - The future of blockchain finance
23:40 - Applying artificial intelligence for financial analysis to improve trading outcomes
28:40 - Will blockchain finance eventually become a norm in the global finance industry?
33:01 - What’s next for Lykke?
***Additional Resources***
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***Links***
7. Richard Olsen: A True Crypto OG Democratizing Financial Markets