Thursday, February 9, 2023
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EP. 80 The Future of Ownership: The Transparent Web 3 Business Suite – Oli Torfason, Mojoflower

As Web3 becomes everyday part of our lingo, we increasingly see a polarized sentiment between centralization and decentralization. On one side the purists who defend the virtues of decentralization as the only way to create a fair and transparent financial system for all claim that this is also the only way to preserve liberal democracy. On the other side, traditionalists who stress that to preserve accountability of the financial system, control and governance must fall on a few centralized institutions.

Amidst this ideological battle, we recently had the opportunity to hear a refreshing and balanced take on the matter from a founder that sees a future where both centralization and decentralization can compliment each other. During our recent visit to Iceland we had the opportunity to sit down with Oli Torfason, Founder of Mojoflower, an Icelandic Web3 company intent in building a shareholder registry on Web3 that tokenises company shares and dispenses them into a digital wallet. By doing this Mojoflower aims to gain a visibility into the full lifecycle of companies that would help, governments, financial institutions and shareholders to understand their ownership structure. In this interview you’ll learn how Web3 capabilities are being expanded to cover all sorts of services previously handled through outdated registries and spreadsheets, increasing transparency, compliance, audit trails and trust on publicly available information while streamlining the whole process for business executives and founders alike. Mojoflower’s solution promises to become a home for new businesses, removing the friction and pain of unnecessarily complex admin, to help them focus on bringing their ideas to life.

Chris Crespo
Chris Crespo
Chris is the Co-founder of Nordic Fintech Magazine and Fast Forward Banking. He uncomplicates finance through jargon-free financial media content in plain and simple language. Chris is also a guest lecturer at Stanford University and Singularity University where he speaks regularly on the Future of Financial Services, the Future of Money Disruption and Entrepreneurship.