Ava Labs with John Wu | E147

The blockchain of finance.

In this 147th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews John Wu, CEO of Ava Labs, a blockchain company focused on financial institutions!

Episode Highlights:

  • 0:33 – John Wu introduces Ava Labs.

  • 1:07 – John dives into his storied career in emerging technologies.

  • 5:38 – How did John dive into the world of blockchain?

  • 7:20 – The owner of Ava Labs reached out to join forces with John.

  • 8:00 – How does Ava Labs solve many of the problems that others do not?

  • 9:57 – Jason and John dive into the problems with crypto exchanges that exist today.

  • 13:50 – John breaks down the reason that blockchain integration will take a long time.

  • 16:28 – Jason and John talk about the evolution of banking and plastic payments.

  • 21:47 – How does the blockchain scale without forgetting about the libertarians that have helped build it?

  • 24:50 – Jason and John look 10 years into the future of blockchain.

  • 27:19 – If John could change one thing about his industry, what would it be?

  • 29:02 – What are the biggest problems that Ava Labs has right now?

  • 30:55 – What inspires John to get jazzed up every day?


3 Key Points

  1. John began a software company that automated many of the backend tasks and gave access to crypto in an attempt to help individuals and small businesses.

  2. In today’s world of crypto exchanges, everything has been made for crypto users by crypto users, making it difficult for new users to enter the market. Ava Labs hopes to fix that problem.

  3. Eventually, end users will think of blockchain on the same level as using AWS. Even though they won’t understand how it works, it will just be a part of life.

 

Tweetable Quotes:

  • “Once you start investing for yourself, you realize this stuff is really hard for individuals and small businesses to get involved with.” – John Wu

  • “The attention really comes when people think about it as the value that’s being transferred away from traditional finance to somewhere in the ether.” – John Wu

  • “It’s the adoption cycle of any technology, right?... I’m starting to see the promise of blockchain finally come to fruition.” – Jason Pereira

  • “The concept of a consensus protocol has been around for a long time.” – John Wu

  • “There are so many applications for blockchain in so many niche spaces that you can have many different companies and protocols winning.” – John Wu

 Resources Mentioned:

Fintech ImpactJason PereiraFintech