While there are many who are already taking advantage of cryptocurrency investments and the more secure technology created to support the system, most people are still unfamiliar with it. That’s about to change, according to Malcolm CasSelle, the president of WAX. CasSelle believes the P2P marketplace is about to see a revolution, thanks, in part, to the gaming industry’s adoption of blockchain technology, which is the backbone of security for the trading of virtual assets.
There’s a growing problem of fraud in the virtual trading marketplace and even sellers experiencing problems in delivery create a frustrating experience. Blockchain technology can correct these issues by eliminating the middle man and preventing transaction delays. Where other systems fail to provide a watchdog for these transactions, blockchain can better ensure sellers and buyers are following through with their obligations. Transactions are less likely to be disrupted or to fail entirely, when blockchain technology backs up each exchange.
WAX uses blockchain to decentralize the system, making transactions more efficient and utilizing smart contracts to provide better user operations. When WAX’s technology is adapted to other virtual marketplaces, users will find a more secure and more efficient experience. WAX can help the global marketplace thrive with the security of a decentralized and more individualized trading experience.
About Malcolm CasSelle
Currently, Malcolm CasSelle is the chief information officer for OPSkins, as well as WAX’s President of WAX. Before joining WAX (Worldwide Asset eXchange), Malcolm was with Tronc, Inc., where he served as the chief technology officer and that organization’s president of new ventures. Earlier in his career, Mr. CasSelle worked at Timeline Labs, but SeaChange International bought out the company in 2015 and brought Malcolm along as part of the acquisition. He rose to become SeaChange’s senior vice president and the general manager of digital media.
Prior to investing in bitcoin start-ups, Mr. CasSelle held interests in Facebook, Zynga, and MediaPass.
Before launching his entrepreneurial career, Mr. CasSelle earned a bachelor’s degree in computer science from MIT. He continued his education at Stanford University, where he earned a master’s degree, also in computer science. Additionally, Malcolm fluently speaks Mandarin and Japanese.