Global tech firm CEO views blockchain as foundational for companies to leverage Web3
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Broadening the field
As the next internet generation offers promising innovations, Miami leaders push for equity and inclusion in the tech sector.
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Raymond Yuan, CTH Group founder and CEO, has an avid interest in cryptocurrency, even surpassing that of Miami Mayor Francis Suarez.
With an affinity for blockchain technology and the emerging digital economy, Yuan founded CTH Group in 2016. The global organization is a leader in building Web3 infrastructure, managing crypto venture capital and digital asset management. The city and Singapore-based CTH Group are hosting the MiamiWeb3 Summit Nov. 28-30 at the InterContinental Hotel downtown.
Yuan, who graduated from Wuhan University of Technology with a degree in mathematics and statistics and later received a master’s degree from Tongji University in finance and business, spoke to the Miami Herald about blockchain technology and what Web3 — the third internet generation — could mean for the global economy.
▪ Question: What makes Miami an attractive place to develop a tech community?
▪ Answer: Miami has a long established history of entrepreneurship with decades of small businesses expanding in a wide range of industries. Over the last decade, Miami has risen as an important location for businesses within the technology sector, including Web3, in part because of the vast number of local resources supporting organizations and universities. And the city is the bridge between the United States and Latin America.
▪ Q: What does blockchain mean to you?
▪ A: To us at CTH, we see blockchain as an important piece of not only the applications and internet of tomorrow, but as a foundational and technical building block for all industries.
▪ Q: What are ways in which blockchain can link users on a global scale?
▪ A: Blockchain is just one of several technologies throughout the entire Web3 industry, which helps to bring greater transparency and trust to applications and use cases that choose to integrate it. We’ve seen many examples to date, from real estate transactions using smart contracts, supply chain and logistics, to new financial infrastructures creating financial services for those who might not otherwise have access. Today, with our lives more digital than ever, we are witnessing digital identity, gaming and social media, as a few examples of using blockchain to advance into Web3.
This story was originally published November 23, 2022 at 5:30 AM.
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