One of the world’s leading blockchain technology experts Malcolm Casselle has recently published an article about how his new corporation worldwide asset exchange will help to revolutionize the industry of virtual asset exchange. Prior to his role as the president of the worldwide asset exchange, he was also one of the key members of OPSkins. OPSkins is the global leader of in-game virtual asset sales. Malcolm Casselle served as the organization’s chief investment officer. In addition to their role as the leader for in-game virtual asset sales OPSkins is also the number one bitcoin merchant on the planet.
While OPSkins is the leading centralized marketplace for virtual assets Malcolm Casselle believes that there are limitations to any centralized technology. He believes that the next step for virtual assets would be to move to a decentralized marketplace. This is where Malcolm Casselle births the idea for his new corporation worldwide asset exchange. Worldwide asset exchange will serve as a peer-to-peer marketplace that will allow the exchange of virtual assets. The company is built upon a bedrock of blockchain and decentralized smart contracts. Malcolm Casselle believes that this technology will help to eliminate two key issues that have plagued the virtual asset industry since it was originally developed.
Thanks to the use of blockchain and smart contract technology users will be able to conduct business between each other seamlessly and securely regardless of their geographical location. This will help to eliminate the issue of fragmentation which has caused users to need to utilize third-party companies in order to facilitate transactions up until now.
In addition to the elimination of the issue of fragmentation, the use of blockchain and smart contract technology will also help to eliminate fraud that has been prevalent on centralized marketplaces. Malcolm Casselle states that due to the very nature of blockchain technology the transactions that occur on the blockchain are immutable. This means that while anyone can view the transactions only the to members who are part of the transaction can actually alter the transaction which will make the transactions infinitely more secure than on a centralized exchange.