Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Dignitas Digital article ‘What is Digital Transformation, according to experts’ about digital transformation.
She said: “For consumers, the traceability of a product is of paramount importance. And while the jewelry industry has tried to address this concern, it has been very slow to embrace new technology-driven solutions. Indeed, the supply chain for precious stones such as diamonds is among the most complex and fragmented of any industry.
But this entrenched conservatism, with all its inherent inefficiencies, is starting to give way as the industry begins to recognize the potential of blockchain.
In its journey from uncut stone buried under miles of earth and rock to its final resting place in the gleaming window of high-end jewellers, a precious stone will pass through dozens of hands.
It is notoriously hard to ensure a fully digital end to end supply chain is in place to evidence this. This is why in my business, MarketOrders.net, we are introducing new ways of working by introducing blockchain technology to track and authenticate gold and jewels that pass through the platform.
This is a huge digital transformation and in order to implement it, you need outstanding technology developers as well as the ability to convince your customers to embrace this innovation. The biggest challenge, therefore, is in convincing your stakeholders to jump onboard.
The best way to do this is to demonstrate how this new digital transformation can positively impact and benefit users. Another way to bring on board support is to show them how to use the new technology. In our case, this means helping our customers understand how to create digital wallets, using cryptocurrency to pay for orders and how they can use blockchain to authenticate the products in their stores.”
You can read the full article here.
 

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in MSN article ’17 Effective Ways to Be More Confident in 2020′.
She said: “When it comes to becoming more confident, I advise to avoid chasing perfection and instead aim to give your best on a daily basis”. “Only compare yourself to the person you were yesterday.”
In addition to being a successful entrepreneur, Sukhi is also a qualified life coach. This training has helped her in many ways through her career and when managing a team.
You can read the full article here.

Our CEO & Co-Founder, Ram Krishnna Rao, was recently quoted in Outback Teambuilding article ‘The Qualities of a Good Leader According to 10 Business Executives’.
He said: “As a leader, it’s your responsibility to inspire your team through both your words and your actions. This makes strong verbal and non-verbal communication skills one of the key qualities of a good leader.
Praise Your People for a Job Well Done
One of the most important ways leaders can communicate with their employees is by recognizing their achievements, whether monumental or minuscule. This is no secret to Ram Krishnna Rao, CEO at MarketOrders.
The-Qualities-of-a-Good-Leader-According-to-10-Business-Executives-Featured-1“The workplace has evolved a lot in the last decade,” explains Rao. “If respect was once sometimes gained by fear, it is now earned by your ability to make your collaborators heard, happy, and accomplished. You don’t become a great leader by putting people down, but by praising everyone’s achievements – no matter how big or small. Some people think that free food and gym subscriptions are what makes employees happy. I believe they’re wrong. What people really want is recognition for their hard work and purpose.”
You can read the full article here.

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in a few Chinese publications regarding Bitcoin predictions for 2020.
She said: “Political unrest tends to undermine the current financial systems in place and this is where you also tend to see the value of home currenc[ies] plummeting,” Jutla continued. “It is in these conditions that crypto prices tend to increase as investors move assets to find [assets] that are not controlled or influenced by one party.”
You can read one of the Chinese articles here.

Our COO & Co-Founder, Sukhi Jutla, was recently quoted in Logo article ‘Things I Wish I Knew Before Joining a Co-Working Space’.
She said: “When working in a communal workspace, beware of the many distractions around you, which can prevent you from focusing properly on a task, especially when you are an introvert and need quiet and silence to get the work done.
This could include the noisy sounds of the coffee machine to people inadvertently holding ad-hoc standing meetings right next to your hot desk!
Events being held in the open spaces can also act as a distraction; when you need to do work that requires 100% of your focus, you may find your progress slows down. As human beings, we are always seeking pleasure over pain so when you are trying to tackle hard tasks like reviewing financial data, you may find the lure of the free coffee and cake wins far more often than you might have wished for!
You also need to be very organised and can book meeting rooms weeks in advance to ensure you have a quiet professional space to welcome clients, partners or team sessions.”
 
You can read the full article here.

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Finance Magnates article ‘How Could Political Change & Unrest Affect Crypto in 2020?’.
She said: “political unrest generally demonstrates a loss in confidence in the governing authorities in a country. Governments are closely tied to the financial systems in place so this has a knock-on effect on the financial landscape in a negative way.”
“Political unrest tends to undermine the current financial systems in place and this is where you also tend to see the value of home currenc[ies] plummeting,” Jutla continued. “It is in these conditions that crypto prices tend to increase as investors move assets to find [assets] that are not controlled or influenced by one party.”
Sukhi Jutla added that although Brexit is now a certainty with a specified date, markets could still respond frantically: “Even though we know when Brexit will happen, we will continue to see erratic behaviour across the money markets and this will also include the value of the pound,” she told Finance Magnates.
“In this case, I predict there will a flurry of activity in the gold and Bitcoin markets, driving both of these assets market prices upwards. In times of chaos and uncertainty, we think we do the most logical and rational things, but all we do is panic in the face of fear and this will cause the price of the pound to plummet.”
 
Along with Sukhi, other experts gave their views:

• Monica Eaton-Cardone is a Forbes Technology Council member, fintech expert, and the co-founder and chief operating officer of international cybersecurity firm Chargebacks911.
• L. Burke Files is the President of Financial Examinations & Evaluations Inc., an international investigator, and due diligence expert.

 
You can read the full article here.

MarketOrders Co-Founder & COO, Sukhi Jutla, was recently quoted in Cointelegraph article ‘Five Countries Where Crypto Regulation Changed the Most in 2019’.
The journalist, Julia Magas, wrote:
Similar expectations were shared with Cointelegraph by Sukhi Jutla, the co-founder of MarketOrders — a blockchain-based platform for the gold and diamond jewelry industry:
“With over 1 billion population in China, this looks like the perfect testing ground to see mass adoption taking place. China is already the leader when it comes to mobile payments and creating their own dedicated cryptocurrency was the natural next step. China is the home to thousands of blockchain startups so I wouldn’t be surprised to see China leading the way and making even more gingiva advancements in 2020.”
According to MarketOrders’ Jutla, the United Arab Emirates is one of the leaders in crypto regulation when it comes to the Middle East. He said:
“This year, the Securities and Commodities Authority (SCA) in the United Arab Emirates drafted a resolution on regulating crypto-assets, providing greater clarity for crypto-related projects in the Middle East nation. By drafting this resolution, the UAE is sending a positive sign to the world. This can be seen as a signal that they are open to exploring this area and by creating guidelines they are giving more reassurance, confidence and stability to businesses owners who may want to enter this field.”
Along with Sukhi, other experts gave their opinions:

• Alina Kiselevich, Enigma Securities
• Steve Tsou, RRMine
• Jessica Renden, Cointree
• Evan Luthra, EL Group International

You can read the full article here.
 

Our Co-Founder & COO, Sukhi Jutla, was recently interviewed by journalist Elaine Pofeldt for Quartz article ‘Female entrepreneurs are turning to non-traditional sources to fund their businesses’.
The journalist wrote:

“Sukhi Jutla had no illusions about raising venture capital for her startup, MarketOrders, a blockchain-based global marketplace for the gold and diamond jewelry industry. She knew that in the UK, only 1% of venture capital (pdf) goes to women. And as a minority woman, she faced even steeper odds.

She decided to try to raise the money anyway. She reached out to VCs on LinkedIn and at tech meet-ups, and showed up at their open office hours. After hundreds of meetings over several months, she finally got a bite from a two-man firm that was interested in investing £250,000 pounds (about $329,000).

Jutla started getting uneasy when the investors asked how long it would be until she ran out of money and dragged out their conversations for four months—a month short of when she’d said her cash would dry up. “I felt they were trying to waste my time and get me into a desperate situation,” she said.

After finally making an offer, “one of them kept calling me at times I didn’t think were appropriate—10 pm or 6 am—demanding financial information,” she recalls. “I told him very politely I’d be grateful if you could keep this relationship within office hours.”

“If I invest in you, I own you 24/7,” he responded. Then he threatened, “News travels fast in small circles. You’ll never raise venture capital because of your attitude.”

Jutla gave up on the idea of raising venture capital for MarketOrders. “I decided to take 100% responsibility for raising the funds I needed,” she says. In June, she ran a four-week campaign on the crowdfunding site Crowdcube, raising  £439,840 ($579,719)—almost twice as much as the VC investors had offered her.

She has no regrets about leaving the VC world behind. “Most of their deals were just rubbish,” she says. She only sold 9% of her company’s equity, far less than the investors were asking. Today, she’s built the company to 14 employees. Its tech platform is still under construction, but it’s already brought in £100,000 ($131,575) in its first year.”

 
You can read the full article here.
 

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Altexsoft article ‘Blockchain in Supply Chain and Transportation: Benefits, Use Cases, Limitations, and Opportunities’.
Here is what the article says:
“We can’t but agree with Sukhi Jutla, co-founder of MarketOrders blockchain platform, stating that “in many cases, the logistics and transportation industry doesn’t have a full, end-to-end digital footprint.” She further explains that at touchpoints where goods and products are handled in person “human errors and issues of trust can occur.”
The high cost of deployment. This drawback stems from the previous one. Sukhi Yulta from MarketOrders acknowledges that the upfront costs of the technology deployment “could prevent small players from participating” while “the biggest players could create their own blockchains and charge high fees to be part of this”.”
You can read the full article here.