NERO Chain CEO Jake Stolarski Moderates “The Importance of Custody in Web3” Panel at WebX 2024

(From left to right in the photo: Peter Borovykh, Pascal Gauthier, Chirag Jetani, Jake Stolarski (Moderator))

On August 29, 2024, Jake Stolarski, CEO of NERO Chain, served as the moderator for the panel discussion titled “The Importance of Custody in Web3” at WebX 2024, one of Asia’s largest Web3 events. The panel featured Peter Borovykh, VP of Strategy at BOSS Wallet; Pascal Gauthier, Chairman & CEO of Ledger; and Chirag Jetani, Founder & COO of Diamante Blockchain. Sharing the insights on key aspects of custody in Web3.

The discussion covered the balance between user experience and security, emphasizing the need for intuitive user interfaces and user education. Panelists highlighted the importance of security and sustainable tokenomics in the crypto industry, the role of quantum computing, and the need for continuous improvement in security measures. They also discussed the impact of tokenization on daily life and the emerging threats accompanying the evolution of security.

As the use of smartphones and IoT devices grows, the discussion highlighted the ongoing challenge of balancing convenience and security risks in blockchain technology. The panelists noted that ongoing education and awareness are essential for broader public understanding of digital security concepts. The conversation also highlighted the message that it will be critical for humans to be adaptive in their security rituals in order to remain safe from phishing attacks, malware, and impersonation as these threats become stronger and more intelligent with the advent of AI.

This discussion underscored the need for advancements in security and user experience within the blockchain industry, along with the structural transformations required to address future challenges.

Panelists Introduction

(From left to right in the photo: Peter Borovykh, Pascal Gauthier, Chirag Jetani, Jake Stolarski (Moderator))

Pascal Gauthier

Chairman & CEO of Ledger. Pascal leads Ledger in developing secure hardware for consumers and institutional custody solutions, enabling the safe storage and management of cryptocurrencies and NFTs. He began his career at Kelkoo (later acquired by Yahoo) and served as COO at Criteo, where he led the company’s global expansion. He was also a Venture Partner at Mosaic Ventures in London. Since becoming Chairman & CEO of Ledger in 2019, Pascal has expanded the company’s offerings with Ledger Live, Ledger Stax, and Ledger Enterprise, advancing ownership and security in the crypto space.

Chirag Jetani

Founder & COO of Diamante Blockchain Holdings Inc. and Block Stack Pvt. Ltd. With extensive experience in fintech, blockchain, Web 3.0, and the gems and jewelry sectors, Chirag excels in strategizing and executing visions, driving business growth, and introducing innovative products and models. He continues to push boundaries, creating new value through his ventures.

Peter Borovykh

VP of Strategy at BOSS Wallet. Peter has worked with over 100 startups and enterprises, specializing in tokenomics, product strategy, and advancing the Web3 revolution. Recently, he has focused on projects like Verizon’s “Full Transparency,” SPACE Protocol, GIANT Protocol, Healthchain, and various DeFi and NFT protocols. His insights have been featured in Forbes, Business Insider, Yahoo! Finance, MSN, and Bitcoinist, and he is a frequent speaker at blockchain and crypto conferences worldwide. Peter is also the author of “Blockchain Applications in Finance.”

Jake Stolarski (Moderator)

Founder and CEO of NERO Chain. With a background in physics and electrical engineering, Jake has published research on laser systems and computer model reliability at Northrop Grumman and the U.S. Air Force Research Laboratory. He worked at Chicago Trading Company and Barrow Street, where he gained extensive experience in trading and risk management. Jake cofounded an energy-focused volatility trading fund, achieving 70% returns for three consecutive years and ranking in the top three globally on the Intercontinental Exchange. At Cipher Technologies Management, he managed digital asset trading and risk management, developing standards for bilateral ISDA agreements and collateral lockbox designs for OTC trading. He also developed the volatility trading fund at Dragonfly Capital and was an early applicant for a Bitcoin ETF. After serving as CEO of Cube.Network, a top Layer 1 blockchain project, he founded NERO Chain.

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