Евгений Плутов/123RF
 

Disruption by Blockchain Part 3: Alon Muroch – CoinDash

  • 15 February 2018
  • Expert Insights

Our new Disruption by Blockchain series aims to highlight companies that are leveraging the incredible potential of blockchain technology to disrupt and revolutionize their industry. Through one on one interviews, we'll speak directly with industry leaders to cut beyond the hype and get directly to the heart of practical use cases and examples of how it will change the world, one industry at a time.

The following is an interview we recently had with Alon Muroch, CEO of CoinDash.

1. What’s the history of CoinDash? How and where did you begin?

AM: Our history actually dates more than 20 years back. Adam, my partner and I grew up together as next-door neighbors. We went to the same elementary, middle school and high school.

We’re long-time crypto enthusiasts, and very quickly we realized that there aren’t any simple, straightforward solutions to track all your investments and the markets in one place. The more trading we did, the bigger our need for a proper tracking tool became.

Over the course of the last few years, a few tracking solutions emerged, but none of them allowed sync, nor was able to provide an end to end solution for the people in the space. Because of the lack of better alternatives, we took the decision to develop the ideal portfolio tracker ourselves.

2. Who are the founders and key team members?

Adam Efrima

AM: We are two co-founders, myself and Adam Efrima. Overall there are 17 employees worldwide, product managers, iOS and Android developers, Operations managers, and marketers.

All of our employees were carefully selected and they represent the core of the operation on which CoinDash will be built.

3. What problem are you solving? Who are you solving it for?

AM: CoinDash is aiming to solve some of the fundamental obstacles all crypto traders face, tracking the trading activities. As the industry continues its rapid growth and expansion, more coins, tokens, exchanges, and wallets are being created. The more options crypto investors have, the more complex it becomes to keep track of all the assets. Managing multiple assets and knowing exactly, at all times, where the coins are, how they performed and what their values are, is an extremely difficult task, let alone more in-depth analyses of the cryptos’ performance is nearly impossible when using multiple wallets and exchange account. Instead of having to login to your crypto accounts countless times a day, creating excel sheets or manually adding each and every transaction you do, you can create and access any number of crypto portfolios through your mobile device or computer, with a single account, in a click of a button.

Into the Future of Trading – CoinDash

4. What is your solution to this problem?

AM: The solution we offer is simple, easy to use and elegant. By copying your wallet or exchange addresses into CoinDash, every transaction, buy or sell, transfer or withdrawal from the synced account will be tracked automatically. Building on that alerts, notifications and more in-depth look of your portfolio assets give you a complete view over anything crypto-related.

The platform is based on a native token, CDT, that is used specifically to unblock and utilize the many features that CoinDash offers.

Crypto Portfolio

5. Why is your industry ripe for disruption?

AM: By definition the blockchain industry is disruptive. Whether it is banks, financial or medical institutions or even payment providers, blockchain is here to turn everything we know, upside down. Being a part of it, CoinDash is a significant tool that assists disruption, after all, everyone that takes part of the industry is a disruptee.

The market has grown exponentially in recent years, in 2017 the total crypto market capitalization has surged by 4,800%, after closing 2016 with a little less than $17B. As of today, there are over 30 blockchain companies with a valuation of $1 B. More than 700 new companies utilised the ICO fundraising alternative, surpassing a total of $4.7 Billion in seed money. Over 40 M new wallers created, 70% of banks are opening blockchain departments and the list goes on and on.

It is hard to stay indifferent in sight of such significant movements, that is exactly the reason we see more and more people rushing into buying cryptocurrencies.

6. What’s the future of your industry?

Prediction #1: We foresee that in 2018 the industry will continue its impressive growth and become a real force to reckon with. According to expectations, around 50 Million new users will join the crypto space and the market capitalization will double itself (lower estimation).

Prediction #2: We predict that this year, the blockchain companies that raised millions will have to provide real use cases, products, and value to the market. The funding round is done, grace period is over, time to deliver. Companies who are well prepared for this shift will emerge as industry leaders in the years to come.

Prediction #3: The sky is the limit for this technology, we haven’t even scraped the surface of the value it has and the change it will have on our lives. One way or another, the blockchain technology is here to stay.

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