James Song is the CEO and Founder of ExsulCoin, a startup based on blockchain technology that focuses on helping solve the world’s refugee crisis. A large part of this project is an app he developed called Exsul. Exsul delivers free basic education and is currently undergoing tests at a refugee camp in Bangladesh.
Alex Danco is an Associate at Social Capital, a group consisting of technologists, capitalists, and philanthropists who find and fund startups that can help change the world for the better. Alex is what you call a futurist, a person who always looks at things in a very, very long-term perspective.
In this episode, James discusses what ExsulCoin is all about and why they decided to focus on the growing refugee problem. He shares ExsulCoin’s mission, projects, and why they preferred to establish a strong foothold in Myanmar. Alex shares his thoughts on the future of cryptocurrencies. He shares his opinions on the ICO trend and why most of them are no different from Ponzi schemes. He explains why offering a big ICO can make users lose interest in a company’s projects and provides his tips to those who want to get involved in blockchain with agriculture applications in mind.
“The more serious the idea and the better the development team behind it, the less companies will need to do one of these ICOs in the first place.” – Alex Danco
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