Aptos CEO Mo Shaikh at Korea Blockchain Week 2024

At the Korea Blockchain Week 2024 in Seoul, Mo Shaikh, CEO of Aptos, discussed the company's expansion in Asia and the Middle East, highlighting partnerships with major web2 companies. He emphasized the potential of blockchain technology to streamline financial transactions, reducing costs significantly compared to traditional systems. Shaikh noted that in regions like Asia, there is a strong enthusiasm for adopting blockchain solutions, which can enhance economic growth and efficiency for businesses and users alike. Shaikh shared insights on the advantages of Aptos' blockchain, particularly its low transaction costs, which can be as minimal as a 1,000th of a penny. This affordability allows applications, such as gaming, to thrive on the platform without the burden of high fees. He contrasted Aptos with older blockchains like Solana, which have limitations in transaction capacity and efficiency. The CEO also highlighted the importance of collaboration with local governments in Asia, expressing a commitment to educating regulators about blockchain's capabilities. He praised Japan's proactive approach to the industry and noted that other countries in the region, including South Korea and Singapore, are also making significant strides in blockchain adoption. Overall, Shaikh's remarks at the conference underscored the transformative potential of blockchain technology in enhancing financial systems and fostering innovation across Asia, positioning Aptos as a key player in this evolving landscape.