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An Interview with Mehmet Ali Demirci Founder of GMCoin, a multi-utility token for enterprises

5 min read

An Interview with Mehmet Ali Demirci Founder of GMCoin, a multi-utility token for enterprises and the CEO of GM Informatics Joint Stock Company, a multinational IT/ICT Managed Services company 

Blockchain has the potential to go mainstream. Mehmet Ali Demirci Founder of GMCoin tells us how this can be achieved. He also talks about his personal project, which aims to drastically simplify the utilization of blockchain technology. In short, GMCoin’s goal is to fundamentally change the way companies use (and interact with) blockchain and actually make a multi-utility token that can be used by real businesses.

GMCoin aims to decentralize businesses through Blockchain, Mehmet Ali Demirci, CEO of the GM Informatics Joint Stock Company. Former IT/ICT Executive, Cyber Security Expert, and Researcher. Techpreneur and Businessman. He also proved his management skills at Harvard Business School Online with the executive program CORe. Doing his MBA at the University of Essex Online. Holding degrees like; MCTS, CCNA, CWNA, CWSP, ITIL, CEH, CBBF, CBSA, CBSP, and CBDE.

Welcome Mehmet Ali, it’s my pleasure to introduce you and GMCoin to our audience.

Question: What’s the easiest way to describe the GMCoin project and goal?

Ans: We should divide the GMCoin project into two parts, first; it is a conceptual decentralization of businesses, SMBs and companies project, that meets up with the real world examples, processes, frameworks and practices within an organization. Most basic level people should not understand only finance and the exchange of the tokens that has monetary terms, in terms of value. What we are doing is with GMCoin we started to embed tokens to company processes, like previously our departments were going over sales processes like “prospecting ang initiating contacts, qualifying, assessments, sales pitch or service demo, proposals, closing and follow ups”. Furthermore, contracting processes similar to “requests, reviews, approvals, executions, storage, management records, auditing and renewal” there are also inhouse servicing practices and frameworks we have to follow. It is clear that, with a mobile app, based on GMCoin we are currently testing a fully covered decentralized business practices that I have stated above. Simplest form; consumers download an app, buy some GMCoin, stake it and they are able to benefit from our services. This also makes your processes not only decentralized, also profitable since you need less personnel to cover that costs. We have fully conceptualized the framework working with some blockchain experts and business advisors as well.

And the second one is we will announce it in a few months, but it is aimed to simplify investing, and the GMCoin is the core of this project.

Question: How does GMCoin work and what can companies do with it?

Ans: GMCoin is a TRON-TRC10 based token. It is working on TRON Blockchain. So basically it is almost supported by most of the hot and cold wallets in the market. It is utility based, meaning that it is designed to be used in business processes within the companies. Sure, we are testing and demonstrating for our company and our business partners first. Coming to your question, what can companies do with it? Does it have a store of value? Why should people or companies want to hold it? Can they spend it? All these answers will be given in a timeframe. As you know we have just done our Launchpad sale and it’s going great! Furthermore, following months we have more than one exchange partnership, business partnership, license acquirings and much good news. So we should discuss this on a separate platform.

Question: What is the difference between GMCoin or any other existing Coin/Token?

Ans: Technically as you know we name coins as they have their own blockchain, rather; tokens operate on a blockchain that owns to another entity. Most basic way Tron is a coin but GMCoin is a token. It is based on the TRC-10 System Level contract similar to ERC-20 in ethereum but more easy, fast, secure and compatible to use. As a reminder BTT-BitTorrent is also a TRC-10 token that aims to develop peer-to-peer protocols, moreover, they are working on file sharing algorithms, as their vision is to “Tokenize and Decentralize File Sharing ”. Similar to our future vision “Tokenization and Decentralization of Businesses’ ‘. BTT uses algorithms, protocols and the internet, we in GMCoin use our vision to develop processes, frameworks and communication types within the companies. It may be difficult to understand for the people who are not in the business world but believe me we already do the math and are working hard for this.

Question: Since GMCoin will be a multi-utility token which will be used by businesses, what would determine its value (price) in future?

Ans: We named it as a multi-utility, business-based token. Sounds very interesting. But these are the vision values that we want to create. We have plans to develop our Blockchain inmind, not for De-Fi, not for Gaming, not for arts like NFT, for businesses I mean. A blockchain that has the core idea to cover business processes and lower their expenses. It is currently a visionary mission for us and at conceptual level however we already started to implement that for our core business services.

We have also developed a sustainable price strategy. We don’t want our token to be pumped and dumped. We don’t want our investors, especially the ones who have purchased our token, our idea, our vision at first. However, you know it is a free market, so the things we do, we create, we add-value make the price sustainable. You should be following us!

Question: Apart from Choosing blockchains like Ethereum or BSC or Polygon, you chose Tron, any specific reason for this?

Ans: Great question here! I am holding multiple degrees for Blockchain like CBBF-Certified Blockchain Business Foundation, CBSA-Certified Blockchain Solution Architecture, CBSP-Certified Blockchain Security Professional and CBDE-Certified Blockchain Developer Ethereum. Moreover I hold multiple degrees for IT, Cyber Security, Economics and Finance. I have worked extensively with Ethereum many years ago but since its core base developed with PoW consensus, slow TPS, high gas fees and more I switched to other blockchains, those were EOS, NEO, Stellar. I am not a developer though I am a businessman and I have innovative businesses in mind and that makes me a techpreneur as well. What I saw with all these platforms was lack of democratizacion, no or limited delegation and voting algorithms, low TPS, unknown developer network, mainnets unready, high transaction fees.

Coming to Tron, they already covered all these issues, have a super representative delegation system, smart contracts and dapps ready, best TPS around since 2019, almost no fees, backed by a foundation and many more advantages. These are the factors that have played a key role for us choosing Tron and TRC10.

However, our future plans are also based on developing our business-based blockchain that we learn from Tron and other leading blockchains, algorithms, and consensus mechanisms.

Question: What regulatory challenges are to be expected when the project starts and how companies from all over the world join the network?

Ans: Man is not free unless the government is limited, Ronald Reagon stated many years ago, contraversely Sylvia Earle 2009 TED Prize winner also says “Even our rules and regulations, our laws, our policies, favor the destructive nature of taking too much from the ocean and using techniques that are horribly destructive. We know they don’t work. We know it’s not sustainable.”

From my point of view, regulations are the rules that we create, unfortunately they mostly do not work as it is planned or designed to be. So we put another regulatory issue there and then one and the other… You can not even imagine how many they are and millions of people try to sustain them in our everyday life.

Coming to crypto challenges, yes they are definitely needed and should not be designed with a mindset of 50 years of bureaucrats or politicians. My nephew often asks me why he can’t send money as fast and secure as he is messaging with his friend from Brazil. It’s easy to answer, regulations! So regulations must be designed to help our next generations, not to restrict their innovative works. Our world needs innovations more than ever.

Cryptocurrencies have different regulations and obligatories in every part of the world, we are tracking these. Moreover, we are following the most secure standards like ISO/IEC 27001 and frameworks like AML, GDPR and more…

We are also working with lawyers to make sure every step in crypto with GMCoin is legit and within the regulations. Coming to your question we have always regulations in mind, in every step.

They should see our GMCoin based functional framework on how we use blockchain and decentralization in our everyday business practices. Since we are an IT/ICT Managed Services based company we also have an advisors team. With this way we believe we can design, implement and function every part of the business world with the tokenization concepts, though this will take time. Nowadays World is so small, so getting the business ideas from our designed portal and serving them functional decentralized and tokenized concepts should not be that difficult for us.

Once again thank you for your time and giving insights about the project. If you have anything else to say to our audience please feel free.

Yes, we successfully ended our Launchpad sale and now have Bridge(Requires KYC) and Swap platform open for everyone to participate.

So, after doing your own research you can participate in our sale and get benefited with upto 50% discount right now.

Alright then, Thanks for being with us and giving such insightful talks about the project. For our audience, if you have any queries regarding the project feel free to join the telegram channel and ask the admin.

Editorial Desk Editorial team Account! Bringing you entrepreneurial stories. Flourishive views the world through the eyes of entrepreneurship—ambition, ​empathy, the ​grind. Be inspired by articles curated by Flourishive Contributors.