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Raoul Milhado
Co-founder & COO @ FishAI
Raoul Milhado is a seasoned entrepreneur with a lifelong dedication to technological innovation.
Starting his entrepreneurial journey at a young age, Raoul coded and sold his first website when he was only 12 years old.
By 19, he left university to work for a major corporation, eventually leading a development team in Manila before founding his own team and turning it into a successful web and marketing agency.
Transitioning into the app-focused web and tech space, Raoul later sold his company and ventured into the maritime industry with Boatsters Black, which evolved into a prominent yacht management company based in Palma de Mallorca.
In a groundbreaking move, Raoul's company was the first in the yachting sector to embrace crypto payments and implement smart contracts, fostering innovation in the industry.
Through strategic networking and organizing premium events, Raoul expanded his ventures to include Elitium, a DeFi platform, and NFT BAZL, hosting luxury art and RWA events worldwide.
Following a successful project in Abu Dhabi, Raoul merged his expertise to co-found Novus Labs, a venture builder focusing on AI and Web3 companies, aiming to shape the tech landscape of the future.
With a diverse educational background and a history of founding and contributing to various organizations, Raoul Milhado exemplifies a dynamic and visionary leader in the tech and entrepreneurial realms.
Highlights
-- Crypto In 2023: My 7 Predictions For This Year --
Making predictions in crypto is something of a fool’s game.
That said, there’s value in the exercise. It forces you to question your assumptions. And you have to think critically about what lies ahead.
Now, there’s plenty to consider. For starters — will Genesis survive? How will the Fed act? And how deep a recession is coming (if indeed one does arrive)? Finally, you have to think how crypto will respond in the face of all these headwinds.
Truth be told: I’m cautiously optimistic for the months ahead.
Here’s why.
Prediction #1: Contagion comes to an end
I expect more contagion in the next month or two. Keep an eye on Genesis, DCG, and a few other names.
But once we have a resolution, brighter times should be on the horizon.
Prediction #2: DeFi shines on
Centralised lending firms fell apart in 2022. Meanwhile, DeFi worked perfectly. So you should expect activity to consolidate into proven decentralised players, with capital flowing to platforms that make the best of the blockchain.
Prediction #3: Regulators weigh in
Crypto is in the regulatory crosshairs; there’s no doubt about it, but it’s no bad thing. It might just mean twelve months of locking horns with DC’s fiercest lawmakers.
Prediction #4: Utility becomes king
Speculation is gone from the ecosystem, leaving the future all about utility. Expect social experiences led by decentralised autonomous organisations (DAOs) alongside the emergence of more meaningful web3 platforms, protocols, and NFTs.
Prediction 5: Real-world assets thrive on-chain
There’s been a lot of talk about the tokenization of real-world assets (RWAs). We’ve seen very little activity over the years, but trends suggest that 2023 will be the year RWAs finally arrive (and thrive) on-chain.
Prediction 6: Bitcoin goes global
Make no mistake: crypto is flourishing in marginalised economies. The trend will only continue this year, and as swathes of the world start relying on Bitcoin, global adoption will soon follow.
Prediction 7: The industry regroups
The one aspect I appreciate about bear markets is they weed out the speculators. Tourists depart, and only the builders remain, giving us the much-needed space to regroup, regain user trust and, ultimately, rise from the ashes.
Rightly or wrongly, there’s a degree of shame in the industry just now. But with the villains gone, we’re free to refocus attention on what makes the blockchain great.
Restoring faith won’t be easy. But doing so will make 2023 a year to remember.
#predictions #2023 #crypto #DeFi #regulations #tokenization #bitcoin #utilities
-- Digital Identity: The Next Big Blockchain Use Case? --
Blockchain use cases are still somewhat limited.
That said — we’re seeing rapid developments. Take identification. Existing methods are costly and time-consuming.
It takes a lot of work to prove who you are online, and it costs a lot of money to process and store sensitive information. But thanks to blockchain technology, we could share and store identity data using cryptographic techniques.
These include hashing functions, digital signatures, and zero-knowledge proofs, potentially leading to a much more effective digital ID infrastructure. What’s more, users would keep full control of their data, storing it in personal wallets.
And that would be a better outcome for everyone. Here’s how it could work — alongside some of the teams building solutions.
Applying Blockchain Technology to Digital Identity
A blockchain is just a robust data storage system. You add information, and the network attests to its authenticity.
That makes it suitable for hosting a decentralised means of proving identity, ultimately removing the need for costly centralised systems. Another advantage is that it wouldn’t require anyone to share sensitive information.
Instead, we would use cryptography to create a ‘digital signature’ for an individual, protecting their data while allowing them to prove personal details online.
Who’s Working On Digital Identity?
Several companies are working on different mechanisms.
Civic verifies data and then stores it on the blockchain, ensuring information only flows between the user and requestor (using Civic tokens).
uPort (from ConsenSys) is building a self-sovereign identity system on Ethereum, with the protocol fetching personal data from your mobile (with your permission, of course) when you first log in, which it writes to an Ethereum smart contract.
Two different approaches, each hoping to decentralise identity management.
But Why Do We Need Decentralised Identity Management?
Perhaps the biggest advantage of decentralised ID management is that you control who can access your personal data.
This reduces the risks associated with storing it in the first place — and cryptography would deliver much more rigorous privacy. Beyond this, a blockchain-based system would be much more reliable.
People would struggle to falsify information on a distributed ledger, ultimately reducing the risk of identity theft or fraud.
Limitations Of Blockchain Identities
All said, there are challenges.
A ‘51 percent attack’ would allow someone to alter records, rendering the identity verification system entirely useless.
But this is only a real danger on smaller blockchains. Still, the risk of someone successfully injecting a false identity onto the blockchain remains. However, that’s no different to the real world.
It’s actually much less likely on the blockchain.
#blockchain #digital-identity #Elitium #ethereum #thought-leadership
