The video streaming landscape is now at a crossroads. Traditional platforms continue to play by their own rules and palpable concerns linger about transparency and creator compensation. However, with blockchain technology offering a revolutionary approach to streaming and promising a fairer and more equitable video economy, does the future of traditional video streaming hang in the balance? Curious about the new paradigm, Olayimika Oyebanji reached out to Michael Jelen, the new CEO of Replay, for valuable insights into the emerging frontier in the video streaming industry.
Can you briefly tell us about yourself and your journey to web3? I started my career in traditional financial consulting. I actually worked on the Madoff investigation and Lehman Brothers bankruptcy in the United States. Seeing some of the challenges and flaws of the traditional financial system,I moved over to Europe, spent about 10 years working with large financial institutions, largely dealing with Office of Foreign Asset Control (OFAC) Compliance, especially designated nationals and different kinds of sanctioned lists for transactions denominated in U.
S. dollars across the SWIFT banking system. So, I got to see a lot about KYC and some of the things that we're currently struggling with regulation in the crypto industry today.
All of these things really led me to have an an open mind around creating a new financial system if and when that opportunity would arise. And the first time that I got the opport.
