nChain CEO Hakan Yuksel on His Journey From SaaS to Blockchain and Online Gambling Reform
NChain is well known in the gambling space primarily through its association with one Sales Director Nick Hill. He has spent his time educating the vertical on nChain’s Kensei Connect, a disruptive data integrity platform that is available today.
Hakan Yuksel took over the reigns of NCain CEO back in October. The company is dedicated to innovating with the BSV blockchain and providing tamper-proof data solutions to enterprises.
Blockchain creates sweeping opportunities for online gaming. With the unlimited scaling potential of Bitcoin SV, the possibilities for microtransactions are quite literally endless.
With previous technologies, digital microtransactions simply weren’t economically feasible for merchants, banks and consumers. Traditional payment processors often require fees that exceed the value of such small-value exchanges. As a result, while demand for micro transaction has been growing, application has been impossible. The economic security of blockchain changes that. Transactions on the blockchain replace the middleman procedures and reinvent accounting tools that have rendered microtransactions infeasible in the past.
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Hashing It Out host Becky Liggero recently caught up with Yuksel while in Riyadh, Saudi Arabia, to talk about how his background in enterprise software and how it helped in his transition to the traditionally research-oriented nChain while emphasizing that he will bring a more commercial orientation to the company.
“This is my past. I’ve led countries and regions in software, and I think I can bring this kind of culture into nChain,” Yuksel revealed.
To transition the culture of nChain from its traditional R&D focus to more of a commercial focus, Yuksel wants face time with his team and is ready to get into the trenches himself to see what needs to be done.
“I think that you have to be here. If I would have stayed in London, in Zurich. I would have gotten a summary. Someone would have filtered the information, but you would have never understood really the amplitude of the need, but also the local practices,” Yuksel said of his trip to Saudi Arabia.
“There are specificities here and you have to come here and listen to that because sometimes you get it right or wrong by very little. And I want to have it right for nChain, by a lot,” he added.
And when it comes to gambling specifically, Yuksel explains: “nChain is here very much to code and deploy a global platform, an open platform. And that’s wonderful. And Kensei comes as a layer in an industry agnostic matter. So what we provide is valid for the gambling industry, but it could be health care, it could be automotive, name it. So yeah, it’s valid for everyone."
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- Aaron Goldstein, Gambling911.com
