Giancarlo Di Leo
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yes, definitely.
It started off as a SaaS play and we're moving into the Web3 technology play as well.
So we started in September of 2021.
Well, no, that's right.
So we started off as a SaaS play, thinking that, you know, we're going to do a bunch of services that would be great for people in the commodities industry and realizing that it needs to grow into that.
It needs to change the platform really quickly after customer discovery happens.
and going through some pilots and tests.
And we moved from just providing certain key services and features like KYCs and AML checks to actually going full blown out to providing the full end-to-end solution and adding our own escrow and Paymaster services underlining the entire platform.
We're looking at Web3 because of the blockchain part of the transparency.
The whole issue in this space that we're dealing with is transparency, fraud,
inefficiencies and things like that.
And so I'll use a quick example for you.
Everyone knows about the PPE industry, you know, COVID came, PPE industry became a massive commodity play.
In a very, very short time, it's already grown into, you know, multi-billion dollar commodity out there.
But the biggest issue that's happened with this is exposed a lot of issues with the process of way people have been doing businesses and transparency and fraud.
And the
title ownership of a lot or something that's being held and how that needs to be transferred over and provided to a buyer after they purchased it.
There's a lot of proxy and resellers out there who actually don't own the titles and the ownership until that title owner comes at the end.
And it's all done very inefficiently.
But moving into a Web 3.0 blockchain kind of model,