Zilliqa’s New Head of Business Development
Zilliqa, a direct Ethereum competitor, this Monday, March 12, welcomed En Huy Ong, a specialist in financial product sales and marketing, and a former Black Rock and JPMorgan specialist, as the company’s new head of business development.
Zilliqa is a new blockchain-based project that is trying to build its own smart contract and blockchain technology platform from scratch. The company is actively looking for experts to join the project and En Huy Ong is considered to be a great acquisition to strengthen both the technical and marketing capacities.
Xinshu Dong, the company CEO, stated in a blog post:
“En Hui is instantly a great fit for our team and we are very glad that she decided to leave the world of finance at JPMorgan to build the ecosystem for the blockchain of the future at Zilliqa. I’m sure En Hui will be an invaluable member of our team and we are thrilled to have her officially on board.”
Previously, she worked in the Intermediary Sales Team at JPMorgan Asset Management and occupied a sales role at BlackRock where she marketed ETFs. She was hired directly from JPMorgan where she was covering pension funds, insurance companies and banks in Singapore.
En Huy Ong is now at a turning point in her career as she decided to transition from the finance sector on to the blockchain industry. She will be responsible for bringing the company’s technology to major commercial partners in the coming year.
When asked about this sudden change from finance to Blockchain and joining Zilliqa, En Huy Ong replied:
“The biggest draw for me is the team. In blockchain, a young and evolving space, the Zilliqa team is very different from most projects out there. The team is tight-knit, mostly from research backgrounds, and I value the professionalism and integrity that they stand for. That’s what makes Zilliqa special and why I chose to join.”
What is Zilliqa?
Zilliqa is the world’s first high-performance, high throughput blockchain platform that is designed from scratch and is capable of enabling easy scalability to support thousands of transactions per second. Contrary to what happens to the bitcoin network, in the Zilliqa blockchain, the more nodes there are, the more transaction capacity the network will have. Moreover, the platform is designed to handle data-driven decentralized apps, which aim to meet certain scaling requirements, as they apply to machine learning and financial algorithms.
Furthermore, Zilliqa’s team has been involved in various research and development efforts for the past two years. In addition, the team is planning to create its own smart contract language to compete with Ethereum’s Solidity code. Notably, Zilliqa incorporates the theory of sharding in its new protocol that significantly increases transaction rates as its network grows.
The scalability dilemma
Scalability is currently one of the major concerns in blockchain technology development. Developers have reached the point where they have already identified that existing blockchains have limited ability to scale. Slowly, we are watching the beginning of an “arms race” to scalability and the project that is able to come up with the most functional and enhance-able solution will be the one winning this “battle”.
This is not a problem that is only affecting the development of Bitcoin’s blockchain technology but rather an issue that is plaguing other platforms as well. However, this lack of inefficiency is, in turn, making new and interesting developments introduce various solutions to cope with the problem. This is the case of the Zilliqa project, which seems determined to resolve these problems.