Aaron McDonald AMA 29 September 2020

This article was first published on Centrality - Medium
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ODaily hosted an ‘Ask Me Anything’ with our CEO Aaron McDonald and asked him about DeFi, payments and users.

To stay up-to-date on the progress of Centrality’s ecosystem, follow us on Twitter and our Telegram Announcements channel, plus join our community on Centrality’s Official Telegram, Instagram, Reddit, and Facebook.

You and your partners started to do blockchain technology application four years ago. I am wondering what the trend you saw at that time and what kind of ecological products you envisioned. Did you plan to start with payment applications at the beginning? What are the implementation process and important milestones?

I was exploring a couple of start-up business ideas in 2016, and during this period I discovered there were so many hurdles to building a successful start-up that I started trying to solve ‘how do you create an environment where start-ups have a greater chance of success’.

Around this time, I had a conversation with a friend in Zurich about the disruptive power of blockchains on existing economic models. I realised that decentralisation (enabled by blockchain) was the key ingredient to level the playing field and give those with big ideas the same opportunities as established corporates.

We also wanted to make sure that the technology worked for end-users, so you could provide both a platform for new business models but also for users, many projects forget about usability and we can’t have decentralisation without mass user participation.

Centrality has significantly evolved over the past 3 years. We’ve built the platform and core modules and we have over 25 ventures in our ecosystem. These projects span payments, DeFi, traditional finance, supply chain, greentech, retailtech, traveltech and medtech.

We successfully raised over $100m in funds and we have a very loyal community who has been with us since the ...

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Centrality - Medium

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