Welcome to our comprehensive interview series – Humans of Blockchain™ where we get the best in the business to answer diverse questions.
This series will clear the air of doubt in the blockchain space today by focusing on bringing more transparency to the readers.
Our guest, today, is a Lawyer – Legal ICO/STO Advisor, Founder of Della Rotonda & di Nuzzo. He is a very experienced lawyer delivering his expertise to several companies in the blockchain industry as well.
Not wasting much time, let’s hear it out from Raffaele Della Rotonda himself.
1. We would love to know more about you Raffaele. Your journey and how you entered the blockchain space?
I’m a lawyer with experience in most areas of corporate law and data protection. I studied Data Protection law (GDPR) at the Groningen University and Cyber Security at the Deakin University. I got a Master in Corporate Finance and Banking Law. In the last two years I’m working as Legal ICO/STO Advisor for companies and public Authorities. I approached the blockchain world in 2011, I recently graduated and needed money. While browsing the internet I read an article about bitcoin. I started to deepen the subject and I decided to buy bitcoins. In that moment I understood that revolution begun.
2. Can you tell us more about Della Rotonda and di Nuzzo?
Della Rotonda & di Nuzzo is an international law firm that I founded in 2014, based in Italy with partners in Malta, Gibraltar, Estonia, Latvia, Bulgaria, UK, Bahamas. We deal mainly with corporate law, finance, banking, international trade, intellectual property, privacy, data protection and tech law. In the last two years, I and my business partner Erika Rosenstein, are working as ICO / STO advisors of companies that develop blockchain technology.
3. What blockchain startups are you presently advising? What factors do you consider when deciding to take the advisory role in a startup?
Currently I’m advisor of 10 companies. When companies ask me to become their advisor, before accepting, I evaluate the potential of the project, the feasibility and the team. One of the most interesting projects I’m following is Followine, an Italian startup, which has developed an anti-counterfeiting system for wine, as well as providing a series of services to the cellars. I invite you to read it because it is very very interesting.
4. What is the status of blockchain in Italy? (Both in terms of adoption and regulations)
Currently in Italy, the blockchain and cryptocurrencies is not yet officially regulated. Many companies are beginning to adopt blockchain technology and the government is beginning to look at the phenomenon with interest, but it is all in the primordial state.
5. There was a recent crash in the crypto market. What are your views about that?
I think it’s psychological. These things can also happen on regulated markets. What discourages investors is the high volatility of cryptocurrencies but especially the mass media that have created a climate of fear and distrust among investors.
6. What are the hinderances to adoption of blockchain technology presently? What should be done to overcome them?
History teaches us that every technological innovation is viewed with distrust. If you think, for example, about internet, technology born with Arpanet in 1969, it has become a tool of common use in the mid-nineties, after almost 30 years. To overcome this obstacle it is necessary to divulge, to make a correct information, maybe even in schools, because nowadays most people have no idea what blockchain and cryptocurrencies are.
7. What shortcomings do you feel are present in the blockchain space currently? What should be done to overcome them?
Honestly, I do not see too many gaps, considering it’s a newborn world. There are advisors that says they are experts but do not know the subject at all; there are people that launch ICOs only for the purpose of scam non-expert investors, but it’s normal, at the beginning are things that happen in all the commercial sectors. I think these obstacles can only be overcome with the passage of time.
8. What are your views about the rising security token markets?
I think the security token market is the natural evolution of the current market. I expect that as early as 2019 there will be an increase in STOs. Obviously, this can only happen if governments regulate the matter. In any case, I think the security token market will be the prevailing market for the economy of the near future.
9. What role do you think a regulatory framework has to play in the growth of blockchain technology?
I think that global regulation is necessary, but at the same time legislation is needed to facilitate companies that want to develop this technology and not a discouraging regulatory framework from an economic and bureaucratic point of view.
10. Any last words of motivation from your end Raffaele for the audience?
“The future belongs to those who believe in it“