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Zach LeBeau: “Digital Currencies Are Just One Tiny Layer at the Surface of Blockchain Technology”

Zach LeBeau: “Digital Currencies Are Just One Tiny Layer at the Surface of Blockchain Technology”

The SingularDTV CEO talks SNGX tokens, discusses major app rollouts, and offers some wise words for the blockchain community…

With the announcement of SingularX and the SNGX token still fresh, the first suite of SingularDTV applications in the final stages of the pipeline, and the world waking up to the next-generation possibilities of the blockchain, we sat down with SingularDTV CEO Zach LeBeau to get the inside story on SingularDTV, modes of thinking in the digital currency space, and what’s next for the entertainment industry.

The idea of the SNGX Token and SingularX feeding back value to SingularDTV users and SNGLS holders is somewhat unprecedented…

I think everyone is so used to centralized business structures in which it’s very common — especially due to the capitalistic ethos — for one side to be a winner, and another side to be the loser. It’s pretty much been that model for centuries. But it doesn’t need to be that world anymore with decentralized structures. Over the next year or two, more and more people are going to realize that we can all benefit, and it’s tokenization that will make that possible.

In the speculative crypto-sphere that we currently live in, everyone focuses on the pumping and dumping of coins and tokens for profit. But the time for legitimacy, the time for real applications on the blockchain is coming. It’s going to change the way we fundamentally think about value and how we all can benefit from it. I’m not surprised people go “huh?” when we announce airdropping our OMG tokens or how the SNGX token will work — “you’re gonna give us something for free?” And the answer is yes, basically. This is how we grow a sustainable, decentralized economy.

Do you think parts of the blockchain community’s preoccupation with trading and coins is unhealthy?

Digital currencies are just...

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