Malcom CasSelle is an entrepreneur. He attended Massachusetts institute of Technology where he studied and graduated with a bachelor’s degree in computer science. He did further studies at Stanford University where he received a master’s degree in computer science.
In his early career at Hong Kong, he cofounded a telecom company named PCCW which is currently valued at $35 million. He also worked in the digital industry where he led startup in MediaPass, a media subscription solution to media companies like Groupon joint venture. Additionally, he actively invested in big companies like Facebook and Zynga.
He has previously served sa the general manager of digital media at SeaChange international. He was also the president at Tronc where he did a commendable job of overseeing rapid growth of digital assets. Currently, he is the CIO of OPSKins and the president of World Wide Asset EXchange(WAX).
WAX is a market place that will allow buyers and sellers to trade their virtual assets efficiently. This will be enabled by a foundation of blockchain and decentralized smart contracts. The blockchain is coming in to solve the problem of fraud and fragmentation in the existing virtual assets market. WAX will also introduce tokens which will enable traders all over the world to trade freely and smoothly regardless of their differing cryptocurrencies. The token will be a common currency for all the partakers of the game.
WAX will also solve the fraud and security issues relating to delays and receipt of incomplete assets. It has smart contracts which will guarantee safe and timely delivery of assets. The blockchain and smart contracts will also quicken global exchange of virtual assets. The trading community will largely benefit from the WAX’s decentralization since the massive inefficiencies and economic frictions will be eliminated.
In conclusion, WAX is a platform which will be a big boost to the world of virtual assets trade in that it will open up the market to all traders in the planet regardless of their local currencies. According to Malcolm CasSelle the president of WAX, the platform will unite the world of differing currencies to one common market.