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Block chains eliminate boundaries from the world and make the world a fair place
── First of all, please tell me the mission of Quantstamp.
It is to make block chains more secure for everyone. I believe that there are two hurdles for block chains to be used for general people as mainstream technology. One is a vulnerability problem. If an incident such as hacking happens, people are scared and do not use new technology. This is the reason why we made Quantstamp.
Another challenge is to make block chains easy to use. For example, the Internet in the first half of the 1990s was hard to use and it was not familiar to many people, but I think that this resembles the situation of the current block chain.
The Internet became easier to use after the 1990s, Amazon and Facebook, and iPhone appeared in the 2000s, becoming a usable one for everyone. The same thing will happen with block chains. In the next five years, usability problems will be solved as well.
Since its founding last July, the company has grown at a tremendous pace. Quantstamp's growth secret?
It is a company 's advantage to have a great team. Most members have PhD. Of software certification, and some members worked at enterprises such as Amazon, Google, Microsoft, Apple.
Evan Henscher Plus, VP (Vice President) in the engineering department, is the first engineer employed by Twitter. By using such "knowledge of Silicon Valley", it becomes possible to construct and provide services quickly. The company that I started with two people of me and CTO Stephen Stewart is about 30 people now.
Night talking about Keisuke Honda and technology
── How did you meet Keisuke Honda?
He discovered our company from the list of Y combiners and he felt that Quantstamp raised the Smart Contract to the next level and contacted him. He said he would like to become the first investor of Quantstamp.
As a matter of fact, we were raising $ 30 million in ICO (Initial Coin Offering) last November, so investment was not necessary separately from a monetary point of view. But I was attracted by his honesty and vision, so I decided to go see Mexico in January 2018.
After watching the game of Honda at Pachuca, I asked him that his dream "eradicating poverty by technology" while eating hot pot at his house. We talked about eating dinner, how unfair economic systems are being created by the present society, and whether we can make the world more equitable by using technology.
I understood that Honda is not just a football player. He uses a lot of time to think about business, what can be done to bring about a positive impact on society. I am proud that KSK Angel Fund has become the world's first Quantstamp investor.
Quantstamp is also a member of Founding member of "Neutrino", a co-working space specialized in block chains created by Omise GO in Shibuya in May 2018. As a block chain market, what kind of possibility do you see in Japan?
Quantstamp is a company based on Silicon Valley, but every time I come to Japan, I feel that "Japan is living the future." It is open to virtual currency and many large Japanese companies are exploring its possibilities. In Neutrino, Block Chain Company all over the world wants to revitalize the block chain industry by sharing knowledge here in Japan.
Regulation on virtual currencies in Japan is progressing, and society places great emphasis on consumers' safety. (Editing: In Japan, from April 2017 "virtual currency law" that defines the definition of virtual currency and rules on its issue and use has been implemented)
With these two, I think that the optimum environment for creating virtual currencies to be used safely in Japan is created in Japan. It is our mission to take care of safety. That's why I believe there is an environment and mindset to create the next wave of block chain business.
The key to popularization of block chains is "designing incentives"
──While block chains are about to be used for everything other than "currency", I think that Quantstamp, which guarantees its safety, can promote broadening the possibilities of block chains. Mr. Richard thinks what kind of benefit is that block chain is popular in society?
The biggest benefit of block chains is that it is a network with incentives. If we create a system designed with correct incentives, we will be able to improve human behavior better. For example, in economics, there are laws called "commons tragedies" in which resources are exhausted when many people share resources, so that no one is responsible for that resource.
But, if you can change the incentive design, people may be able to use it while protecting resources. I think that this feature is what makes the block chain special.
Several unicorns have been born from a number of companies that have invested Y combiners so far, but similar things will happen in the block chain industry from now on. In other words, some thousands of block chain companies now born, some companies will be useful for everyone, two or three. Ultimately, such companies will build a new incentive system. A global, transparent system.
