When I look at other cryptocurrencies, what I see is a lot of coins that are going to have issues in the future for one reason or another. I’m sure there are plenty of tokens that are going to deal with issues regarding whether they are a security of not. What is great about Bitcoin, and also Ethereum, is their open source nature and developer community. With a lot of tokens, if the token issuer goes down, so does the token. But not in the case of Bitcoin and Ethereum. The developer community can embrace these projects and keep them alive longer than a single founding entity.

This is why, in the future, I want to decouple the Liquid token from our company. At the moment, if we go down, the Liquid token will not survive. It’s important to us to ensure that the fintech community will embrace it and it will become the utility token for our independent, open source ledger - the Liquid Distributed Ledger (LDL).

One of our plans for the beginning of the LDL is for us to use it as a proof of concept. We plan to migrate our entire exchange onto the LDL. This will show the performance of the platform for other fintech startups, and it will help the longevity of Liquid as well. We will be the largest decentralised application provider of the Liquid Ledger.

There is no existing blockchain that could provide what we require, that’s why we are building the LDL. We don’t want to be a generic blockchain because our goals are significantly focused on finance. We must build the LDL to work with fintech startups. We can't work with large banks as our initial partners on the LDL as it would be too resource intensive for us. We want to work with progressive startups that work fast. Fintech is a growing industry, and our mobile blockchain bank built on the LDL will attractt these startups. AWS began with start ups, and now they dominate the cloud service space. This is my vision for the LDL, and therefore the Liquid Token as well.

One of the great things about the LDL will be shared IDs, and the potential for collaboration between the companies building on top of it. In the past you could get everything you needed, finance wise, from a bank. Now there are fintech companies that provide a better service than a bank in one particular area, such as peer to peer lending. All of these companies provide a good customer solution, but the customer base is spread thin. On our LDL, KYC will be mandatory, as it is everywhere else in finance. However, it will only be required once. Then, you will be open to utilise all of the services built on top of the LDL with only one sign up.

I want the LDL to be the connection between these services.

Once the LDL is released, I will be extremely excited to hand over the reigns to the developer community. We will have paved the way, but the community will continue to steer us in the correct direction for the future. We will continue to work to grow the platform, of course, but the community will drive the LDL.

We will be expanding our services with full transparency for any relevant regulatory body. We will always be compliant and our development of the LDL will be no exception. This is our contribution to the fintech sector.