As part of the Digital Currency Council’s Continuing Education partnership with Inside Bitcoins, the DCC’s Director of Curriculum Dan McArdle, had the opportunity to interview the thought leaders that will be speaking at the Inside Bitcoins Conference in New York City on April 27-29, 2015. Today, we share an interview with Bojan Simic, CTO of HyprKey.
Dan: Can you tell us a little about why you got involved in Bitcoin and digital currencies?
Bojan: I am an information security professional with a deep interest in cryptography so the development of Bitcoin was inherently very interesting to me. My interest is primarily in the technology and how it can be used across many applications as well as the security challenge that Bitcoin introduces.
Dan: What is HyprKey, and how will it be used in the digital currency ecosystem?
Bojan: HYPR is a biometric authentication and authorization system. Many of our security failures can be accredited to improper authentication since passwords and two-factor systems are not working for various reasons. With biometric authenticators such as fingerprint readers being integrated into consumer devices, HYPR provides digital currency platforms with a solution to secure access to their digital currency assets biometrically.
Dan: Inside Bitcoins has brought together many of the best minds in the industry. What do you hope to learn, discuss, or accomplish at Inside Bitcoins New York this year?
Bojan: I hope to see ideas and conversations materialize that make the process of using bitcoin more secure and simple. Simplicity is the key because the everyday user won’t make Bitcoin a part of their life until it’s as simple as possible. Security is key because we need to alleviate some of the FUD that surrounds the Bitcoin ecosystem.
Dan: As digital currency technology evolves, what are you looking forward to seeing develop in the next 1-3 years? And what’s your long-term (5-10yr) outlook?
Bojan: In 3 years I hope that there are security and technological standards that the industry can agree on so that we can get out of this “wild west” phase of Bitcoin. In 5+ years I hope that we are all using Bitcoin without ever even knowing we’re using it. Much like SMTP, I look forward to the block chain being a part of our society without the everyday person even realizing it.
Dan: What do you see as the greatest challenge for the industry as a whole?
Bojan: Adoption. Currently the everyday person in the western world has little use for Bitcoin. The industry needs to work on making Bitcoin a part of our everyday life by making certain things easier and less expensive.
Dan: What’s your best advice for growing the ecosystem? How can we educate more people as to the benefits of digital currency and achieve greater adoption?
Bojan: My advice is to stop trying to explain Bitcoin to everyday folks. Make Bitcoin a part of people’s lives without them knowing it. The public will never understand public key cryptography or how mining algorithms work so we should not waste time trying to change that. Rather, we need to innovate and leverage the technology to make their lives better.
Dan: Thanks very much for your thoughts, Bojan. Looking forward to a great conference.
Bojan: Thanks Dan! Feel free to contact me anytime with questions.