Blockchain Triangle: Converging big data and securitization
Darren Wolfberg is a senior-level technology and finance professional who has managed multiple institutional business lines at large multinational banks. He has a BFA from the University of Michigan and an MBA from the University of Chicago Booth School of Business. He is also known for an innovative form of art seen on Bubbleart.io. He is the CEO of Blockchain Triangle (BCT), a fintech platform that connects big data and securitization on one chassis. In an interview, he speaks on an array of topics. Excerpts:
Conception of Blockchain Triangle
Blockchain Triangle is a patent-pending technology that connects smart meters & IoT devices into the digital securitization process bringing speed, efficiency, and transparency for all stakeholders both at capital formation and ongoing management of the asset. “In order to truly combat climate change, we need climate and finance to speak the same language. And, to measure progress toward alleviating climate change, we need to understand the benchmark and then performance of an asset” observes Darren.
There are several factors that contribute to this, but at the core is exposing real-time performance of assets to stakeholders in that asset. “We know credit rating agencies reward ratings with firms that are transparent. We know that investors provide capital at a lower cost to assets that are transparent in their reporting and performance.” According to Darren, public vs. private assets reflect this, and even within public assets, those that are the most transparent and provide guidance trade at a premium to those that don’t. “Fundamentally, Blockchain Triangle is the technology that provides the data and math that allows climate and finance to speak the same language.”
Blockchain Triangle – The Advantages
Blockchain Triangle provides investors with direct and unfettered access to over $4T in climate finance opportunities. By reducing the barrier of entry for climate and infrastructure projects, BCT aims to accelerate the transition to a zero-emission and climate resilient global economy. “Our platform reduces the costs and complexities of capital placement by connecting big data and financial services on one chassis. From operational compliance and reporting to data consolidation, to increased liquidity and broader distribution – Blockchain Triangle takes care of it all.”
The Blockchain Journey
This technology enthusiast says that his work with blockchain is a natural evolution of his career in product design and financial services. “I’ve seen the match become more and more granular – fractions to decimals to electronic to HF trading to big data – and when I saw what was going on in the ICO (Initial Coin Offering) craze of 2017, I was intrigued by the velocity of crowdfunding digitally.” He says that he dug deeper to understand the blockchain technology. “I started to appreciate the different characteristics of blockchain and that it takes a two-dimensional database with X and Y coordinates and makes it three dimensional with a Z axis. Blockchain not only allows you to access information across ecosystems but also allows you to route that information across ecosystems which is a lot more efficient than the world of API connectivity.” Blockchain allows companies to be offensive with data – aggregate data from different sources and bring in source data.
A very organized, efficient and a good listener, Darren explains that being an entrepreneur has him working on a wide variety of projects throughout the day, every day, so it’s important he stays focused and is present on the task at hand. I also value the diversity of thought which means I try to spend more time listening than speaking. I love what I do and take my work seriously; however, I try not to be too serious that I lose perspective and don’t have fun. I’ve also been told that I’m very patient. So, I would say fun, patience, and perspective. Always be mindful of striking the balance between focusing on product development and sales with taking the time to network, stay IN the market to keep your pulse on customer needs.”
The success mantras
A passionate entrepreneur about climate change and infrastructure, Darren says that it is important that he stays in balance with all the other aspects of my life – especially spending time with his family.