Mohamed Taysir, CEO and Co-Founder, Singularity Finance
- Mohamed Taysir is the CEO and Co-Founder of Singularity Finance.
- He is also the Head of Business Development for Flare Network.
Podcast
Overview
For those of us who are not yet familiar with the concept of the blockchain, it is a digital entity that records a transaction or a series of transactions for a given product or service. This is a very convenient concept for many companies and industries, as it eliminates the need for a centralized company or organization to handle the transactions. It provides a decentralized environment for companies to operate their business and can be applied to almost any industry. Mohamed Taysir, CEO and Co-Founder of Singularity Finance, talks about the same in detail.
[00:36] About Mohamed Taysir, CEO and Co-Founder, Singularity Finance
- Mohamed Taysir is the CEO and Co-Founder of Singularity Finance.
- He is also the Head of Business Development for Flare Network.
- Lecturer, the Speaker, certified Blockchain Instructor & Solutions Architect, Business Strategist, Futurist, Technologist, Angel Investor, and an Entrepreneur.
[00:52] About Singularity Finance
- Singularity Finance is a new Fintech, that is tackling Financial Inclusion and Sustainable Development with new and innovative solutions.
- We focus on serving not just unbanked people, but unbanked businesses as well.
- With singularity, our focus was to create a platform that can cater to users’ needs as well as their wants in the future.
[05:10] How are ensuring financial inclusion through the four pillars of Singularity?
With our new banking app, we are going to be offering it to the people for free. You just have to go through KYC and you are eligible for the Singularity account.
We have outreach programs where we teach communities, people, and students about general investment.
[09:25] What is a Blockchain?
Blockchain in its essence is a ledger. It is a way to record data and ownership of data.
[10:35] How does a Blockchain increase transparency?
If we have a big piece of paper, and we all say that this piece of paper is what’s gonna account for all the transactions between us. At the end of the day, we’re all going to have a copy of that paper. When the transaction is added, you add it to your paper, and you announce it to everyone so that they can add it to their paper as well.
[12:16] There is transparency, but what happens to my personal data?
Blockchain is just one of the tools that we’re able to use to build a full solution. so when we’re talking about data privacy there will be some elements that are maintained off-chain and some elements that are maintained on-chain to preserve privacy.
[14:45] Industries that are adopting blockchain technology
- Finance is one of the first industries that has been disrupted by blockchain.
- Supply Chain
- Identity Management
- Data Management
[20:06] Blockchains for Governments
Blockchain infrastructure is going to be required by governments in the future. Blockchain is a technology. It is an infrastructural layer that would allow for a multiple-use case to exist, specifically around identity management, and the financial system.
Resource:
You can connect with Mohamed Taysir – LinkedIn
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Profile
Mohamed is the CEO/ Co-founder of Singularity Finance, Singularity Finance is a new Fintech Start Up that is tackling Financial Inclusion and Sustainable Development with new and innovative solutions.
He is the Head of Business Development at Flare Networks, Flare is the world’s 1st FBA Turing-Complete blockchain, it’s a scalable, fast, and secure smart contracts platform.
