Marlon Grech From Thynk Software

A technology lover at heart and coding, Marlon first became interested in blockchain and DLT back in 2013 after discovering Ethereum.

Soon after discovering the new virtual currency that was capable of much more than Bitcoin, Marlon quickly realised that it was a game changer that offers a different perspective on how to look at blockchain, and what an individual can do with it by using a relatively small amount of coding.

At the same time, having vast international experience in both Consultancy and Product Development across multiple sectors, Marlon has extensively worked with Microsoft on various projects and kept on expanding his knowledge in the vast area of technology.

However, his passion for software, innovation and a visionary force led him to open up Thynk Software – a hybrid between product development and a software consultancy.

We’ve decided to approach Marlon to break his techy heart for a minute and see if he could convey some of the enthusiasm for Distributed Ledger Technology to others.

Needless to say, it was a success.

Blockchain Will Change The World as We Know It

As someone who’s been involved in technology for quite a while, Marlon has experienced the early stages of the Internet and its future evolution.

The understanding of how disruptive and innovative technologies work allowed him to draw an accurate comparison between blockchain and the Internet in the past. Marlon commented that we are still at the dial-up stage when it comes to blockchain – there will be tremendous progress, but for a technology that is ten years old, we are still expecting too much.

Marlon has also highlighted a crucial aspect of the Distributed Ledger Technology – innovation and the ability to address trust between parties.

Platforms built on DLT have one significant advantage – they’re accessible to everyone, without compromising data:

“Comparison to the internet, [blockchain] enables scenarios where people can innovate without limits by having data being distributed rather than centralised. It will enable not only the provider to innovate but also anyone who wants to contribute.”

Think twice Before Changing Your Business Model

As the founder of Thynk, Marlon has come across multiple companies which tend to jump on the bandwagon of the latest trend, without realising that particular solution might not be suitable for their business model or a product. Instead, companies should first try to leverage already existing technology.

Hence, his advice to any business considering transitioning to blockchain should be cautious and assess if there’s a need for it:

“Blockchain, like any other technology is not a silver bullet. You should not try to fit blockchain into a particular process – you need to have a need. If you try to be too aggressive and try to fit in because it’s a buzzword, it’s not going to work.”

Doing a reality check and assessing the need for blockchain would benefit businesses from taking a decision that can result in long-lasting damages.

For instance, one of the most common misconceptions about blockchain is that it could replace a database. While in reality, blockchain is the slowest database one could imagine and would do more harm than good if implemented for such purposes in the business.

At the same time, Marlon strongly believes in regulation of blockchain-based platforms:

“Regulation is a key in this [blockchain] early stages, there are parties that are not on blockchain, and someone has to be a watchdog. Don’t be too aggressive because there might be consequences.”

More about Thynk Software

Thynk’s primary objective has always been delivering maximum value to their international clients in the shortest possible time frame. While investing heavily in building a world-class platform for accelerating development, Thynk maintained quality and supportability. The company applied a tried and tested modular out of the box functionality to software solutions. Combined with Thynk’s collaborative, iterative and quality assured methodology the company bring’s cutting edge software solutions to market. These solutions stand on the shoulders of the latest cloud-based technologies such as Windows Azure to deliver secure, infinitely scalable, distributable products.

Visit www.thynksoftware.com to discover more.

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Megan is a self-taught blockchain enthusiast. She enjoys combining finance with technology, from a less-techy perspective. BiteMyCoin is her most recent project underneath the umbrella of an international digital marketing agency ANCHOVY.
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