Delegating is not just assigning tasks

Many people and companies believe that delegating is simply about assigning certain tasks and functions to optimize processes to be more efficient and productive, but it is also delegated to create trust in the members of the work team, develop strengths, improve decision-making and promote the personal growth of each member of the organization.

Leverage strengths

By delegating intelligently, companies and their leaders can leverage the experience, strengths, skills, and talents of each team member. This allows each member to effectively perform the tasks best suited to their profile, resulting in higher-quality work and more efficient execution.

Improves decision-making

Leaders who delegate intelligently and efficiently can improve their decision-making process since by delegating and distributing responsibilities based on the capacity of each team member; they can make decisions more quickly and efficiently based on their experience, talent, and knowledge, which helps to have other points of view and a greater perspective to make the most appropriate decision for the organization.

Develops the organization’s vision and strategy

Delegating can maximize the leader’s productivity and contribute to the company’s growth since by delegating certain functions and tasks, the leader can focus on more important things, such as defining the organization’s vision and strategy, thinking about the future, encouraging innovation, driving organizational growth, among others.

Promotes personal growth

Business goals and objectives are achieved not only through the success of one individual but also through vision and teamwork. When you delegate intelligently and efficiently, you give each team member greater responsibility and trust, which helps them develop different skills, talents, and values, thus enabling personal and professional growth.

Stress reduction and burnout prevention

Trying to control everything can lead to leader burnout and reduced effectiveness. Delegating distributes the workload among all members of the organization, allowing for a healthy balance and clearer decision-making, which benefits both the leader and the organization as a whole.

What do you think about this topic? Do you know of any other important reasons why delegating is key?

If you want to contact Victor Romero, you can visit his LinkedIn profile.

The post Why is delegation key to business success? first appeared on Victor Romero.

Lead yourself first

Through the book The 360 ° Leader, John Maxwell teaches us the importance of learning to lead oneself first, since every person, before starting to lead and influence others, must begin by developing self-discipline, emotional intelligence, and personal growth. At this point, Maxwell mentions that if we are not capable of leading ourselves and being consistent with our values and principles, we cannot expect anyone else to follow us.

Therefore, before leading our subordinates, colleagues, or bosses, we must first demonstrate strong self-leadership to build credibility and trust. This will help us be more consistent, have greater confidence, and allow us to influence (more effectively) all areas of our organization. For example, a sales supervisor cannot lead a sales team if that supervisor has not previously been a good salesperson.

Influence without position or authority

Through his book, The 360° Leader, John Maxwell teaches us the importance of knowing how to lead without relying on position or authority, as Maxwell emphasizes that leadership is about influence, not position. At this point, Maxwell emphasizes that to lead, it is not necessary to hold a top position in an organization; rather, one can lead from anywhere within the organization.

Through this lesson, we can challenge certain customs and myths that lead us to believe that, in order to lead, we must be a boss or have a formal appointment or title. As effective leaders, we can lead through credibility, trust, and the creation of values, influencing from any position without the need for authority or a management position.

Building trust and genuine relationships

In the book The 360° Leader, John Maxwell teaches us the importance of generating trust and genuine relationships in order to lead effectively since leadership is not about having authority but about having the ability to influence our superiors, colleagues, and subordinates, based on the construction of solid and genuine relationships that encourage collaboration and the fulfillment of group goals and objectives.

Because of this, in order to lead effectively, we must learn to take an interest in others, focus on providing them with value and build genuine relationships, as this will allow us to generate trust in our environment, which will enhance our influence and help us create a culture of collaboration and teamwork.

Developing other leaders is

The book teaches us that leadership is not only about our personal success or influence but is also based on the ability to contribute to the success of other people by offering our support to other leaders.

By fostering the growth of other leaders, we strengthen our credibility and amplify our impact within the organization, which facilitates the achievement of its goals and objectives. For example, if we are the only leader in an organization, our reach and influence will be limited. On the other hand, when we contribute to the development of more leaders (promoting their growth and skills), the collective impact is multiplied, driving the success and sustainability of the entire organization.

What do you think about this topic? Do you know of any other lessons this book teaches us?

If you have any questions or queries, you can write them below (comments section).

The post Five lessons from John Maxwell’s book “The 360° Leader” first appeared on Victor Romero.

Blockchain technology

Blockchain technology is a digital system designed to store a database or record, which is shared through a series of blocks linked to each other, referring to its name (since a chain of blocks or blockchains is formed).

Each time a block is created, it is closed with a cryptographic signature (hash), with which the next block is opened and successively; once the operation is completed, said information is certified and encrypted, which makes this information impossible to manipulate, providing greater confidence and security to users.

Digital system with immutable records

Blockchain technology is characterized by being a digital system with immutable records. This is because every piece of information related to each operation or transaction (within the network) is recorded and cannot be altered, modified, or deleted. This characteristic is what makes blockchain function as a kind of general ledger or cryptographic accounting book.

High level of security

Blockchain technology is a system formed by a wide network, which is made up of a series of distributed and interconnected nodes that are responsible for recording and protecting information cryptographically.

Blockchain technology bases its security on each of these nodes since each node (through which the information passes) generates a copy of the data, which makes it practically impossible to falsify or eliminate the data that remains throughout the entire network, in addition to the fact that each of the components that form part of the network, performs verification and validation of the information with the rest of the blocks.

Decentralized digital system

Blockchain technology is characterized as a decentralized digital system, allowing all users to easily connect and access the network from anywhere in the world. They can verify and approve all data recorded throughout the shared (and distributed) system across each of the nodes that make up the network. In this way, blockchain technology gives all its users control over the network’s operation without the need for a central authority.

Traceability verification

Blockchain technology can track and verify the traceability of all information related to each transaction within the network, as this information has been recorded on each node along the blockchain. This allows each user to access and view each of the operations carried out during a given period of time, in addition to allowing them to make contributions and synchronize all information.

A reliable and transparent digital system

Blockchain technology is characterized by being a reliable and transparent digital system since, when controlled by the users themselves, it allows them to access the information that circulates in their network or system. However, it is necessary for each user to have a digital identity, which guarantees both the identity of the issuer and the origin of the information. This allows, together with the verification of the traceability, legitimacy, and authenticity of any transaction, the network to work on a system that offers total transparency in its processes and procedures, which provides greater confidence to users.

What do you think about this topic? Do you want to learn more about blockchain technology?

If you have any questions or queries, you can write them below (comments section).

The post What is blockchain technology? first appeared on Victor Romero.

High-Performance Computing Act of 1991

The High-Performance Computing Act of 1991 was characterized by advancing U.S. leadership in computing, information technology, and network infrastructure by establishing a coordinated federal program to maintain this leadership, emphasizing research, education, and interagency collaboration.
It is important to note that because this law was introduced by Senator Al Gore (and signed into law by President George W. Bush), this law is also known as the Gore Act.

Contributions to the development of the Internet

This law played an important role in the development and expansion of the Internet, as it fostered the development of various projects and initiatives. Among its most notable contributions are the following:

Funding for Research in Advanced Computing

The Act contributed to the establishment of the National High-Performance Computing Program, in addition to providing financial support for supercomputing research, which was essential to developing the infrastructure necessary for a more efficient and robust Internet.

Creation of the National Research and Education Network (NREN)

The Act helped establish the National Research and Education Network (NREN), conceived as an expansion of the existing Internet infrastructure in the United States, allowing for the construction of high-speed networks connecting various educational and research institutions, laying the groundwork for modern broadband communications.

Development of the High-Performance Computing and Communications (HPCC) Program

The Act helped develop the High-Performance Computing and Communications (HPCC) Program, which fueled the advancement of computing and networking, contributing to innovations such as the Mosaic web browser, which was instrumental in popularizing the World Wide Web (WWW).

Support for fiber optic networks

The Act also encouraged investment in high-speed fiber optic technology, which enabled the rapid transmission of large amounts of data, which was essential for the growth of the Internet.

It is worth noting that this law also encouraged collaboration between federal agencies, universities, and private industry, especially to improve network infrastructure, including fiber optics.

Lessons for Fintech

Fintech companies can draw valuable lessons from the High-Performance Computing Act of 1991 to drive innovation, scalability, and competitiveness in a rapidly evolving technological environment. Below are some ways fintech companies can learn from this legislation and apply it to their context:

Investment in advanced technological infrastructure

Fintechs can invest in high-performance infrastructure, such as server clusters or cloud services, especially for processing large volumes of financial data in real-time, detecting fraud, or performing risk modeling.

Collaboration between sectors

Fintechs can partner with universities to research emerging technologies like blockchain or artificial intelligence, as well as with authorities and regulators to develop regulatory frameworks that balance innovation and security.

Inspired by the NREN’s openness, fintech companies can adopt open banking standards to securely share data, improving interoperability and user experience.

Democratization of access to technology

Fintechs can develop platforms that simplify or democratize access to financial services (loans, investments, and payments) for unbanked populations, using mobile apps or intuitive interfaces, just as the Mosaic browser democratized the internet.

Fintechs can also Offer educational tools (such as financial management apps) to help users understand complex financial products or services, replicating the accessibility promoted by law.

Support for research and development (R&D)

Fintechs can allocate resources to develop new technologies, such as smart contracts or artificial intelligence systems for fraud detection. For example, they can create internal laboratories or partner with research centers to test innovative solutions, such as blockchain-based payment systems.

What do you think about this topic? Were you aware of the High-Performance Computing Act of 1991?

If you have any questions or queries, you can write them below (comments section).

The post Learn more about the High-Performance Computing Act that contributed to the expansion of the Internet and its lessons for Fintech first appeared on Victor Romero.

Each idea complements the other

Through the book “The Innovators”, Walter Isaacson teaches us that technological progress and evolution comes from more than just a single moment and the idea/genius of a single person, but is the product of several ideas and points of view, and that each great technological advance is based on previous discoveries that are improved, refined and modified.

For example, in the case of the Internet, it was not an innovation that emerged from a single person, but rather the culmination of several contributions from engineers, mathematicians, and visionaries who developed different concepts, ideas, and technology over several decades.

Failure is an integral part of the path to success

The book teaches us that failure is an integral part of the path to success, as Isaacson recounts how many pioneers faced major setbacks, criticism, and even failure before achieving breakthroughs.

For example, in the case of the personal computer, it is known that many of the first ideas or prototypes did not come to fruition. However, each failure served as a valuable lesson that would end up helping the next innovators, since every setback or obstacle offers an opportunity to adapt and improve.

Timing is crucial

Through Walter Isaacson’s book “The Innovators,” we learn that timing is crucial for ideas and innovations to succeed, as Isaacson recounts that some ideas failed to take advantage simply because the world wasn’t ready for them yet. Many innovators have had ideas ahead of their time, but only those who adjusted their approach or waited for the right conditions were successful.

For example, in the 1960s, there were several attempts to develop home or personal computers, but even though there was potential, neither the market nor the infrastructure were ready for such mass adoption. It wasn’t until the late 1970s and early 1980s, when the evolution of microprocessors, the innovation of intuitive interfaces, and consumer interest aligned, that the computing revolution in personal computers took shape.

Innovation requires teamwork

Through his book “The Innovators,” Walter Isaacson teaches us that innovation requires teamwork. He explains that innovation is rarely the work of a single genius or a solitary mind, and that, on the contrary, the most transformative inventions have emerged thanks to collaboration, teamwork, and the blending of diverse talents.

For example, if we focus on the computers and programs we use today, perhaps innovative people like Bill Gates (Microsoft) and Steve Jobs ( Apple) come to mind to attribute the most emblematic advances. However, the success of these projects was thanks to the work/contribution of other people who had complementary skills (Steve Wozniak at Apple and Paul Allen at Microsoft), in addition to the teamwork of dozens of directors, programmers, and engineers who contributed their skills and talents.

Perseverance bears good fruit

Through the book “The Innovators”, Walter Isaacson teaches us that perseverance pays off, as he tells us that revolutionary breakthroughs are unlikely to happen in the blink of an eye, since it is common for all innovators, before achieving success, to face skepticism or failure from time to time, but they must have the ability to move forward despite these obstacles.

For example, one of the inventions that faced the most obstacles was the microchip, since the first attempts faced challenges of miniaturization, costs and practicality, however, the perseverance of the engineers and inventors and the unwavering belief in their ideas, allowed them to maintain the momentum so that they could continue perfecting their designs, experimenting with other materials and improving the efficiency of their processes, to finally obtain one of the most crucial advances in computing.

Innovation centers are essential

The book mentions how throughout history there were different laboratories and research centers that were fundamental for the development of different technologies, an example of this were Bell Labs (transistor, information theory, UNIX) and Xerox Parc (graphical user interface, mouse, Ethernet, laser printing and object-oriented programming).

What do you think about this topic? Do you know any other lessons from Walter Isaacson’s book “The Innovators”?

If you have any questions or queries, you can write them below (comments section).

The post Six Lessons from Walter Isaacson’s: “The Innovators” first appeared on Victor Romero.

How did you first learn about Bitcoin and cryptocurrencies?

That’s a very good question. I was introduced to Bitcoin in 2016 thanks to a couple of factors. In fact, the first time I heard about Bitcoin was in 2012, during the World Economic Forum. I was visiting Panama, where many presidents were attending the World Economic Forum conference.

In fact, it was a panel on Bitcoin in 2012 where they were talking about an email about Bitcoin, because Bitcoin was already booming at that time, but I wasn’t paying much attention. It was like a topic that wasn’t the focus of the event, but it was there.

I was living in Venezuela at the time, and it was also very common to talk about Bitcoin there because we had exchange controls, which is why I love to say that we “come from the future,” because the fiduciary system has already failed in my country.

In 2013, unfortunately, due to the circumstances in Venezuela, I had to emigrate to the United States, and there I continue hearing about Bitcoin. In fact, one day I started mining Ethereum, and I remember telling one of my relatives: I’m going to start collecting my roommate’s payments in Bitcoin.

It cost around 7,000 to 8.00 USD, and from then on I started using Bitcoin and started taking it seriously.

When did you become a Bitcoiner?

It was the day my passport expired in the United States, because Venezuela entered into a dispute with the United States, and they expelled all the Venezuelan embassies, so I had no way to renew it. My passport expired.

I went to Wells Fargo, a popular bank in the United States, and tried to withdraw my money, but they couldn’t give it to me because they needed a valid ID. And I was like, “But this is my passport.” I put it in the scanner so the system would know it was valid, but the system wasn’t set up for that, and I just couldn’t get my money.

So, in the end, the solution was that they went to the branch where they issued a check to a friend of mine, who had to come to the branch to cash that check for me. So, in that sense, I was able to collect my money, but that day I said that the fiat system wasn’t going to work even in the United States, that it wasn’t going to work because I was there with my expired passport, and they couldn’t recognize me as the holder. So that day, I said that Bitcoin was going to ” reign”.

These problems present an opportunity to offer solutions, and one of these solutions is Pilsenga. What is Pilsenga? Can you explain it to me?

Since I became a Bitcoiner in the United States, I decided to create the first money transmitter in the state of Florida, at that time it was the year 2016, which was quite difficult for us, as a financial institution (to obtain a custodial bank account to receive funds from customers).

So, we tried dozens of banks to try to get the bank account, and when we were able to stabilize this and allow the bank accounts to operate, we had the difficulty of our customers seeing their bank accounts closed for buying Bitcoin, which was legal, but the banks just didn’t understand what Bitcoin was at the time.

So, after an intense migration to Europe, expanding companies to Europe, I realized that Neo Banks are a necessity in the market, especially if you specialize in the blockchain industry and many other high-risk industries that need to understand regulatory compliance in order to offer banking services.

So I decided to create the first Neo Bank that offers IBAN in euros with SEPA transactions for crypto businesses. This means that if you are an exchange platform, a company that invests in Bitcoin, or has any relationship with Bitcoin and your conventional bank doesn’t understand what you do, we can be the right solution, for which we will ask the right questions.

For example, something as simple as imagining you’re a minor and need to convert your rewards to pay your utility bill. If you work with a conventional bank, they’ll tell you, “Oh, you’re using Bitcoin, you’re losing money.” That response will be because they simply don’t understand the subject. But for us, it’s simple, as we would ask: Mine as an individual?

The process would then go something like this: Okay, please take a photo of your mining equipment. Please send us a utility bill as proof that you use power for mining. If you’re performing a proof of work, please send us a copy of the servers you use for this, so we can run the notes.

We understand the industry and know how to ask the right questions to comply with the law and conduct a legitimate transaction for you. This is how Pilsenga was born, because we came from blockchain to banking to offer and solve the banking needs of companies working with cryptocurrencies.

What are the requirements for opening an account? What’s the process for opening an account at Pilsenga?

Well, that will depend on your sector of activity and whether you are a personal or business customer, but KYC and KYB are fairly standard in most banks. We will probably ask more questions than a conventional bank, because we have to create the customer profile and ask the right questions.

So, for example, if you’re a mining company, we’ll ask you questions about mining and document all that information to include in your customer profile. Typical documents include: Articles of Association, Institution, company capitalization table, shareholders, shareholder KYC, proof of address, and bank statement.

If you are a new business, of course, you won’t need a bank statement, but you will need proof of address and other documents that are very conventional or standard for the financial industry.

I guess they’re also highly regulated, right?

We’re regulated, but we’re a solution that works. You’ll answer the questions we’ll ask you, because you just need to operate transparently in everything you do. So, if you don’t answer the question, of course, you’re a customer, but the bank won’t do AB anymore because we’re regulated, so that’s it. Pilsenga is a regulated institution, and we require KYC clearance if you require these services; otherwise, we won’t be able to provide the service.

What are your plans? What do you expect from Pilsenga?

I think we have five years of growth ahead of us, as we’re tied to a fairly solid and rapidly growing industry. I think Pilsenga will grow three times per year over the next five years.

We’re a conventional company. We’re not in the business of creating “hot water,” nor are we speculators. We simply offer banking services and provide dedicated, quality customer service. We’re not the cheapest on the market, but we do offer something that some businesses need. That’s why we’re competing on the quality of service right now. We’re not the cheapest, but we’re not that expensive either.

So we are the ideal option and we try to provide a really good service. It is expected that next year (2024 ) we will have around 300 customers and in 2025 we will be close to 1000 customers.

I think the new digital banking industry is going to fragment. There will be around 1,000 new banks offering tailored services for businesses, because each company requires special treatment, special understanding, and special customer service.

Video

You can watch the full interview on Pilsenga’s YouTube channel:

Interview with Victor Romero, CEO of Pilsenga

What do you think about this topic? Would you like to learn more about Pilsenga’s business financial services?

For more information you can visit the official Pilsenga website.

The post Interview with Victor Romero, CEO of UAB Pilsenga first appeared on Victor Romero.

They promote motivation

In his book, “Talent Is Never Enough,” John Maxwell emphasizes the importance of surrounding ourselves with the right people to stay motivated and maximize our talent. Our surroundings and the people we interact with play a crucial role in our success, as these people can shape our motivation, mindset, and ability to maximize our talent and potential.

We must emphasize that, by having positive and constructive relationships, these people can provide us with support and inspiration, which will help us overcome adversity and achieve our goals and objectives. On the contrary, negative relationships tend to criticize and demotivate us, which can be an obstacle to achieving our objectives.

They promote responsibility

John Maxwell mentions that our relationships can influence and shape our sense of responsibility. For example, by having positive relationships (for example, responsible people with strong values) we can Develop our sense of responsibility, discipline, and integrity, because these types of people generally possess strong values and take responsibility for their actions, which will increase the likelihood that we will adopt similar behaviors and habits. For example, if there are parents around us who are responsible for their children, we will most likely be responsible for our children as well.

On the contrary, if we associate with irresponsible people without values, this can lead us to a state of complacency, conformism, irresponsibility, and negativity, which can cause us to make bad decisions or fail to take responsibility for our actions. For example, if there are absent parents in our environment or parents who are not responsible with their children, we will most likely be irresponsible with our children as well.

They encourage learning and hone our skills

It is important to surround ourselves with the right people to encourage learning, hone our skills, and maximize our talent, as both learning and personal/professional growth only thrive in an environment of learning and humility.

We must emphasize that when we relate and interact with people who have achieved the goals that we want to achieve, it means that these people have the knowledge and experience to achieve our goals and objectives, which can help us accelerate our learning process and perfect our skills, since these people can advise us and Provide constructive feedback that allows us to develop our capabilities. On the other hand, in an environment filled with arrogant people who lack training and haven’t achieved what we want, we won’t be able to learn useful things that will allow us to achieve our goals and objectives, which will limit our learning process and overall progress.

Growth opportunities increase

By surrounding ourselves with the right people, we can increase our growth opportunities and maximize our talent, since by having positive relationships, there will be greater chances that these people will give us access to new opportunities and points of view, which is essential for personal and professional growth. On the other hand, the wrong people can get us into trouble, limit our progress, or impede our personal and professional development.

What do you think about this topic? Do you know any other lessons from John Maxwell’s book “Talent Is Never Enough”?

If you have any questions or queries, you can write them below (comments section).

The post Why do our relationships influence our talent? Lessons from the book: Talent Is Never Enough first appeared on Victor Romero.

They only focus on large clients

Many people think that traditional banks focus their attention and offer services focused on businesses or large clients. However, most traditional banks offer a wide range of financial services, designed for clients of different sizes and characteristics, whether individuals, local businesses, SMEs, among others.

They do not contribute to the local economy

Some people believe that traditional banks do not contribute to the local economy, as they only offer savings accounts and store assets in a vault or safe deposit box. However, the truth is that traditional banks, in addition to safeguarding assets, also use savings/deposits (or a percentage thereof ) to make loans and finance different investments/projects, thus contributing to the circulation of financial assets in the local and national economy.

They don’t innovate

Many people and companies have come to think that traditional banks do not innovate, that their systems are generally outdated. However, the truth is that traditional banks are constantly evolving as they seek to meet the emerging needs of their customers, improve security, and user experience. This constant evolution lies in the ongoing integration of new technologies, such as solutions developed by fintech companies, blockchain, and artificial intelligence, into their traditional systems to improve their financial operations.

In-person banking operations

Some people think that traditional banks only allow in-person banking, which requires people to visit physical offices or branches. However, traditional banks have been evolving and adopting new technologies, which have allowed them to provide greater accessibility to their customers through services such as online banking, ATMs, and mobile apps.

Used only by older generations

Some young people believe that traditional banks are only used by seniors or older generations. However, traditional banks are an important pillar for financial stability, as they offer various essential services such as savings accounts, loans, and financial resource management for people of different ages.
It’s important to note that traditional banks offer a high level of financial security, regulatory protection, and fraud prevention, which attracts customers from different generations and even emerging businesses and financial institutions.

They compete with Fintechs

Many people and companies think that traditional banks are direct competitors of Fintechs, however, as we saw in our previous article, traditional banking does not necessarily have to compete with Fintechs, since in many cases, the joint work between these two systems can end up benefiting the end users of the financial sector.

For example, a traditional bank may hire a fintech company to leverage its technological platform and provide better service to its users. On the other hand, fintechs sometimes rely on existing financial infrastructure, such as payment networks, agreements, ATMs, banking permits, and regulations. By collaborating with traditional banks, fintechs can gain access to this financial infrastructure and expand their reach and influence.

Another point is the regulatory issue. For example, traditional banks have extensive experience in regulatory compliance, a result of several decades in the sector. In this case, fintech companies can partner with traditional banks to leverage this experience and adapt to the sector’s regulatory challenges.

What do you think about this topic? Do you want to learn more about the financial services offered by traditional banks and other financial institutions like Fintechs?

If you have any questions or queries, you can write them below (comments section).

The post Seven myths about traditional banks first appeared on Victor Romero.

Distributed Ledger Technology (DLT)

DLT refers to a decentralized digital system designed to securely record databases and transactions across different participants, locations, sites, or regions without the need for a central authority, using cryptographic methods to validate and synchronize records across the network.

DLT Applications

Currently, distributed ledger technology (DLT) has a wide variety of applications in different sectors, since, unlike traditional systems, DLT allows data and transactions to be managed in a more secure, transparent, and decentralized manner.

It is worth noting that one of the best-known types of DLT is the blockchain, which is characterized by having the ability to organize data in a series of blocks that are cryptographically linked. However, among the most notable applications of DLT are supply chain management for companies, healthcare providers, data management in companies in the healthcare sector, the Internet of Things (IoT), security, and efficiency of financial services, among others.

Why is DLT more reliable and efficient than traditional systems?

Although traditional database systems perform similar functions (storing and managing data), many companies and businesses across different sectors prefer to use DLT for the following reasons:

Decentralization

Traditional database systems are typically managed by a single authority, such as a bank or company. DLT, on the other hand, is a decentralized system designed to distribute data across multiple nodes in a network, eliminating the need for a central authority.

Immutable data

In most traditional database systems, data can be modified and even deleted by authorized users. On the other hand, DLT provides immutable data records, as it uses cryptographic methods and consensus mechanisms.

Security level

Traditional database systems are more vulnerable to failures, data loss, and cyberattacks, especially due to their centralized nature. On the other hand, distributed ledger technology offers a higher level of security, since by distributing data across multiple nodes (users), it becomes more difficult for data manipulation by agents external to the network nodes.

Transparency

Most traditional database systems base transparency and trust on the authority or ethics of the individuals authorized to manage the data. On the other hand, DLT guarantees transparency and trust, as all participants can independently verify and validate transactions, which reduces the risk of fraud or manipulation. This is thanks to the fact that DLT implements consensus protocols, such as proof-of-stake (PoS), proof-of-work (PoW), and others.

What do you think about this topic? Would you like to learn more about this type of technology?

If you have any questions or queries, you can write them below (comments section).

The post What is distributed ledger technology (DLT)? first appeared on Victor Romero.

VH Publishing Corporation

At 23, Víctor Romero founded VH Publishing Corporation, where he stood out with his first publication, “Don’t Wait Any Longer, Do It Now!”, which became a bestseller in the field of microeconomics. During his time as CEO of VH Publishing Corporation, the company was able to expand into comic book publishing, with one of its most notable projects being the Jaimito comic book.

This project allowed Victor Romero to receive various recognitions, influence beyond the publishing field, and become a ” Global Shaper ” of the World Economic Forum. Among the most important aspects that Víctor Romero developed during his experience as CEO of Corporación Editorial VH are:

– Team building from scratch to practically ISO 9001 standard.

– Comprehensive experience in creating editorial projects: concept and idea, illustration, ink, storyboard, graphic design, artist management, and cover design.

– Experience in logistics for the printing, distribution, and collection of 60,000 biweekly copies (nationally).

– Implementation of marketing campaigns.

– Complete experience in creating a television series (2D animation), one season.

– 3D trailer for a film: main 3D design, textures, modeling, rigging, animation, sound effects, and rendering.

– Experience in brand licensing for various merchandise lines, including school backpacks, notebooks, video game apps, shoes, and SMS products.

– Development of a balanced scorecard and KPI for the publishing industry applied to the Jaimito comic.

– Experience managing ISBNs, trademarks, and copyright registrations. He also had experience handling various lawsuits against copyright infringers and appeals with Universal Studios.

Mercury Cash

Víctor Romero was the co-founder and CEO of Mercury Cash, a company that stood out as a financial platform specialized in providing services related to cryptocurrency transactions. During Víctor Romero’s tenure as CEO, Mercury Cash grew into a regulated digital banking platform capable of offering services for the exchange and management of cryptocurrencies such as Bitcoin, Ethereum, and Dash, and was recognized among the top 10 startups in Orlando, Florida, for its contribution to the Fintech sector.

Among the most important aspects that Víctor Romero developed during his experience as CEO of Pilsenga are the following:

– Supervision of 30 team members.

– Experience leading the company’s capital raising of $6,600,000 from angel and venture capital investors in the U.S.

– Obtaining a Money Transmitter License Part II in Florida, USA.

– Development of several banking alliances for the money services business.

– Management and creation of AML procedures under BSA CFR 31 and 70, as well as ongoing training for employees and the compliance department.

– Management of independent audits (compliance and financial under US GAAP) and regulatory examinations.

– Managing communications with the IRS, FinCEN, OFAC, and SEC.

– Management of relationships with approximately 400 shareholders.

– Management of an annual transaction volume of up to $200 million.

– Collaboration with the FBI and the IC3 team to combat online criminal activity.

– Manage and develop KPIs for the Fintech sector.

– Management of the registration process for trademarks, copyrights, and provisional patents.

– Development and architecture of the Central Banking System, Central Payment Processing System, and Central Cryptobanking System.

– Direct supervision of all company activities.

– Implementation of systems and processes for custody, transfer, and exchange of fiat currencies and cryptocurrencies.

– Development of alliances with liquidity providers.

– Implementation of blockchain analysis tools such as Elliptic, AML Bot, and Chainalysis.

– Development, control, and monitoring of the company’s overall performance, risk parameters for high-risk jurisdictions and industries, Business Continuity program, development of code of conduct, policies and procedures for employees, organization of the company’s internal control, development of business lines, among others.

Pilsenga

Víctor Romero served as CEO for over three years (he is currently a shareholder). Pilsenga is a company focused on digital banking and financial solutions for medium-sized businesses. Thanks to his extensive experience (over 10 years) in Fintech, finance, and online banking, Victor has become an important factor in Pilsenga’s vision, which has allowed them to create a solid, reliable, and versatile financial ecosystem for medium-sized businesses.

During Victor Romero’s tenure as CEO of Pilsenga, the company reached Transaction volumes reaching 50 million in its first year, in addition to expanding its reach and bringing innovation to the financial sector, standing out for helping to improve financial inclusion and accessibility for medium-sized businesses through customized and efficient financial solutions that allow companies to be more competitive globally.

Victor Romero’s experience and career are on his LinkedIn profile.

What do you think about this topic? Would you like to learn more about Víctor Romero?

If you have any questions or queries, you can write them below (comments section).

The post Victor Romero: Experience as CEO and projects first appeared on Victor Romero.