Malcom CasSelle, president of WAX and CIO of OPSkins, earned degrees in Computer Science from MIT and Stanford University. He’s been apart of many careers such as the following:
– CTO at tronc working as an overseer of rapid growth properties and digital assets.
– SVP & GM of Digital Media at Seachange International. At the same time, he acquired Timeline. The company utilized social signaling to view and measure content.
– Startup positions in Xfire and MediaPass, several gaming companies.
CasSelle also has interests in China and Japan. Not only does he speak fluent Japanese and Mandarin but some of his work resided in those regions. For example, he was a co-founder of the Pacific Century Cyberworks (PCCW), a company in Hong Kong that was a publicly traded telecom, where he raised money for the company.
Introduction to WAX
Worldwide Asset eXchange (WAX) is increasing awareness towards “tokenizing” physical assets, which lies parallel to the relationship between cryptocurrencies and real money. For users to satiate themselves across the new trend, WAX is creating a virtual gaming system that features player profits. Upon consent of the player, they’re able to transfer assets between different users.
Rules and Guidelines of the Game
Wax’s approach to allowing users to interact with each other is to create Transfer Agents that monitor the exchange between both trading parties. The agents’ supervisory committees record their progress. Transferring agents performing their duties create better ratings and their reputation won’t be tarnished as opposed to agents that fail to perform their tasks.
Reduction of Hackers
Block chaining digital assets, or securing them using cryptography, provides protection from hacker transactions. WAX intends to create more blockchains for physical assets that are frequently acted on. However, a scintilla of transactions for infrequently transacted items will receive the same type of treatment.