Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Finance Magnates article ‘Crypto Country: Singapore’s Bid to Become Fintech’s Largest Hub’.
The journalist, Rachel McIntosh, wrote:
Sukhi Jutla, chief operating officer of blockchain-based gold jewelry platform MarketOrders, said that the passage of the PSA is part of Singapore’s bid to “position itself as the go-to place for the Fintech community.”
“Singapore has long been a leader in terms of business on the world stage making it the most competitive Asian country and the world’s easiest place to do business,” Jutla explained. “Singapore benefits from its strategic location by being a leading port for those looking to enter Asian markets and also has a pro-business environment.”
Now, the country seems to be attempting to follow in the footsteps of “countries such as Malta, Switzerland and Gibraltar,” which “have been leading the way by providing clear regulations,” and, in some cases, “driving direct inward foreign investment.”
Sukhi Jutla noted that because “Binance is very influential in the crypto scene and is seen as a company trying to do the right things by abiding by relevant legislation,” its quick and public compliance with the PSA “is a vote of confidence from Binance in the Singaporean Fintech landscape as a welcoming place to do business.”
Sukhi Jutla also pointed out that “Singapore defining clearer legislation for the crypto scene is an indication that even successful and wealthy countries such as [itself] are anticipating that Fintech and crypto will become an increasingly larger part of consumers lives.
Therefore, “it only makes sense to embrace new technologies whilst they are still young.”
You can read the full article here.
Our Co-Founder & COO, Sukhi Jutla, was quoted in Fit Small Business article ‘The 10 Pros & Cons of Crowdfunding That Businesses Should Consider’.
She said: “Crowdfunding has limited time frames in which to raise and run your campaign. This helps to nudge investors to make up their minds and decide if they want to invest or not instead of dragging their heels. It’s better to have an outcome one way or another rather than an investment round dragging on forever with no definitive end in sight, which makes it difficult to plan for the business.”
You can read the full article here.
Our Co-Founder & COO, Sukhi Jutla, was recently quoted in AMB Crypto article ‘Boom and Bust: Crypto-education can be the safety-net footballers need’.
The journalist, Biraajmaan Tamuly, wrote:
AMBCrypto recently spoke to Sukhi Jutla, Co-founder of MarketOrders, a blockchain-based platform and she identified an alternate pathway as well.
Speaking about crypto and blockchain, she believed getting familiar with the technology and space is no longer difficult and athletes can take advantage of it through social media branding.
She explained that athletes can follow in the footsteps of various influencers and create their own micro-following with a fan base of 10,000 or fewer followers. She added, “And as long as the crypto has trading activity, the player can always generate an income even after their playing career is over. This would act as a type of royalty payment similar to how authors get paid in the publishing world each time their book is sold or loaned out in the library.”
You can read the full article here.
Our Head of PR & Communications, Caroline Hoffmann, has recently become a mentor at WeWork Labs.
Supporting early-stage startups over the world, she teaches and advises their teams on strategies related to social media, public relations, events, and press relations.
WeWork Labs is The We Company’s global platform for early-stage start-ups and forward-thinking enterprise companies. They empower inventive humans and organisations to shape the present and influence the future.
They start with thoughtfully designed spaces that inspire our global community of entrepreneurs to experiment, collaborate and grow. Within these spaces, they foster meaningful connections between start-ups and the educational, mentorship and financial resources needed to drive their businesses forward.
So far, Caroline has advised companies based in London and Hamburg from different industries such as Fintech, healthcare, well-being, sustainability, cyber-security…
Connect with Caroline on LinkedIn now!
Get more information about WeWork Labs here.
Our Co-Founder and COO, Sukhi Jutla, was recently quoted in Carol Roth article ‘How Small Businesses Can Attract and Retain Talent In a Tight Labor Market’.
She said: “Communicating often with the team helps to ensure that everyone feels they are part of the company’s mission. They all are aware of what we are working on and what goals we want to achieve. Having this clear communication on a consistent basis (for example, via newsletter updates and a closed WhatsApp group) helps employees feel they are part of the team, are included in key decisions and conversations, and are encouraged to feedback their opinions and thoughts.”
You can read the full article here.
We couldn’t be prouder of our team at MarketOrders, supporting the British Sports Youth Trust by delivering homeless people in London food, warm clothes, and sanitary products.
You can support the charity by donating on the Just Giving page here or join our team in the streets of London on Sundays!
The British Sports Youth Trust aims to promote and protect the wellbeing (physical and mental health) for the public benefit, in particular, but not limited to young people and their families.
They deliver a wide variety of services and activities aiming at promoting and supporting better living for all.
The activities are focused on inclusion and equality and a chance for better living for all to achieve improved equal life chances for all.
Their ambition is to help as many young people and their families from poorer or disadvantaged backgrounds as possible in achieving better living through our services. Find out more on their website here.
The ‘Feed ze streets’ initiative started over a year ago when the charity realised that most people donate during the holidays but are less likely to help during the rest of the year. The charity decided to start a campaign called ‘Keep the Christmas spirit going’, to make sure homeless people would get support throughout the year; this initiative never stopped.
Today, a team of around 15 people gather on Sundays and spread through the capital to deliver what’s needed: a warm meal, a pair of socks, a coffee, a toothbrush…
Watch a short video documentary here!
After long discussions and stretched decisions over Brexit, on the 31st of January, the UK officially got out of EEU. Uncertainty has always been a theme since the Brexit announcement and now we have to find the best way to react to the new reality. This is a pivotal moment for all business owners and especially small retailers.
Before we talk about the “impact of Brexit” on the United Kingdom, we first must remember the history of the British jewellery industry and how it has survived rising gold prices and currency turmoil.
The jewellery market
Based on precedence, we can assume that once Brexit smoke clears, the British jewellery industry will remain strong and attractive as long as business leaders are brave and drive the customer experience agenda at a greater height in order to remain relevant and thrive on the long term.
However, it is inevitable that “uncertainty” can cause many unforeseen circumstances and therefore we must take some preventative measures to safeguard the sustainability and cash flow of the business.
Jewellery businesses need to prepare with so-called “Trade Plan” for short term and long term business sustainability.
How to prepare
Though it is very difficult to evaluate what sort of possible problems small businesses can face in any shape or form, we must prepare and adapt their strategy to be able to face whatever is to come.
The uncertainty caused by the impact of Brexit on the economy makes any tangible asset increase in price and become more desirable. Therefore, it has always been viewed as a safe haven for wealth because of their appeal of being a Store of Value.
Along with added stores of value in jewellery pieces, it also attributes to very special attractions such as Value of Workmanship and wearable assets.
As gold and diamond are purchased in dollars, the fall in the value of the pound will make those precious items far more expensive. Therefore, retailers are forced to sell it for an expensive price in order to meet their thin margin. Customers are operating between thin lines of fear and greed on how much they can save and spend due to the unknown factor of what is coming ahead.
Considering the effect of the weak pound, retailers and jewellery makers can potentially create opportunities to sell internationally and to tourists that visit the UK.
In a nutshell, the best option is to outline this time of uncertainty by “adapting” to a new way of trading in the digital era. This is, in fact, the perfect time for small retailers to invest in IT and technological capabilities or join a platform that will empower and enhance their business as a way of moving forward. Adapting is the only way to meet the reality of the UK economy, so the global economy of the future.
How MarketOrders is ahead of the curve
MarketOrders is led by an experienced team and has managed to anticipate the effects of political uncertainty on the market by early embracing new technologies such as blockchain.
Digitalising the whole jewellery supply chain and using cryptocurrency as a mean of payment, MarketOrders has adapted his processes and technology to better match tomorrow’s market and being less dependent on the political landscape and its consequences on trade and the value of money.
Developing a strong marketplace will enable us to trade globally and bring transparency and speed to an outdated industry.
We will continue to push ahead, be bold in our decisions and always make the most of the next climate we find ourselves in. We will not undergo political changes or any changes but take them as an opportunity to innovate and improve our business and how we can better serve our customers.
Our Co-Founder & COO, Sukhi Jutla, was recently named as one of the Top 10 crypto influencers in 2020 by Trastra.
Along with Sukhi:
- Changpeng Zhao, founder and CEO of Binance
- Brian Armstrong, co-founder and CEO of Coinbase
- Vitalik Buterin, co-founder of Ethereum
- Tyler and Cameron Winklevoss, principal owners of Winklevoss Capital as well as the founders of premier digital asset exchange ‘Gemini’
- Roger Ver, CEO of Bitcoin.com
- Charlie Lee, a former Coinbase employee who is perhaps best known for being the brains behind the popular crypto project ‘Litecoin’
- Elizabeth Stark, an active contributor to the bitcoin community, an advisor to startups in areas ranging from cryptocurrency to decentralized technology to AI
- Brad Garlinghouse, Founder of Ripple
- Peter Smith, one of the co-founders of Blockchain — one of the world’s most widely used crypto wallets
You can read the full article here.
Our COO & Co-Founder, Sukhi Jutla, was recently quoted in CIO article ‘7 common IT mistakes that can spark future success’.
The journalist, Paul Heltzel, wrote:
Sukhi Jutla, co-founder of MarketOrders, recommends an iterative approach for technology projects, then doing real-time testing.
“Mistakes are a byproduct of finding your way to success or, in other words, finding what actually works,” Jutla says. “It’s highly unlikely you’ll ever launch a product that’s perfect, but you can launch a product where it’s constantly being improved by each user experience. This leads to cumulative positive effects for the long term.”
Jutla has found, in her experience, that too much focus on upfront requirements for a project leads to delays and obsolescence before getting off the ground.
“In the past, I’d spend up to 7-8 months working with the team to identify the requirements needed, only to find that when it came to the actual build, so many features were now already out of date,” she says. “Aim to get a working prototype out as soon as possible to get real-world feedback from real users.”
Jutla now embraces the Scrum methodology because it enables her to re-align goals and plans in real-time. “You have to be prepared to fall flat on your face a few times,” she says, “to bump into a few roadblocks and to fail but knowing that all of this is vital information that you feed back into your next moves.”
You can read the full article here.
It was also featured on CIO Brazil, which you can read here.
Our Co-Founder & COO, Sukhi Jutla, was recently quoted in American Express article ‘6 Business Trends to Watch Out for in 2020’.
The journalist, Julie Bawden-Davis, wrote:
This year it’s likely that more companies will use the data derived from machine learning and AI to create more personalized services for their consumers, adds Sukhi Jutla, chief operating officer of MarketOrders, a business-to-business platform for the independent retail jewelry industry. (Jutla is also the author of three books, including The FinTech Book.)
“Businesses will put more effort into analyzing data and turning it into meaningful insights that can provide better services and products,” says Jutla. “Along with this, we’ll see a rise in demand for data scientists.”
You can read the full article here.