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Close Up This Tech Entrepreneur Wants Blockchain Technology to Become a Part of Daily Life

This Tech Entrepreneur Wants Blockchain Technology to Become a Part of Daily Life

This Tech Entrepreneur Wants Blockchain Technology to Become a Part of Daily Life
By Karen Tee
October 22, 2020
Tatler+
In a three-part series presented by Franklin Templeton, entrepreneurs from the Gen.T community share their insights on the rising industry trends they believe in. Here, Christel Quek, the co-founder of mobile entertainment company Bolt Global, describes how she wants to digitally transform our lives

Rapid digitalisation throughout the globe, spurred on by the Covid-19 pandemic, is sparking a race among the most forward-looking businesses to innovate and disrupt the way humans live and create new possibilities for the greater good. At Franklin Templeton, its experts are committed to pursuing investment excellence for their clients by identifying and investing in companies that have the potential to make a difference in the world we live in.

The global investment firm celebrates 30 years in Singapore this year. It has grown its presence here from a research office in 1990 into the Asia headquarters of one of the largest asset management firms in the world. 

An innovative approach to asset management continues to guide the firm’s investment philosophy. It has funds that invest in companies driving innovation and digital transformation in industries such as biotechnology, digital disruption and technology which the three entrepreneurs from our Gen.T community featured here individually represent. Disruptors Jeffrey Lu, Christel Quek and John Cheng, who are at the forefront of their respective fields, share their insights on the rising industry trends they believe in and how they are working to address some of today’s most pressing issues.

In this second part of a three-part series, we speak to Quek about how her mobile entertainment company Bolt Global is on a mission to elevate the way we consume content.  

Bolt Global's smart TV app. Image: Bolt Global
Bolt Global's smart TV app. Image: Bolt Global

Transforming Lives With Blockchain Technology

In this era of accelerated digitalisation, many aspects of daily life, from work to and education to entertainment, have transitioned online.

The terms of engagement, however, are still outdated and unfavourable to users, says Quek, the co-founder of Bolt Global, a mobile entertainment company that tracks user and content creator activity via blockchain technology to reward them accordingly. “Users have diligently supplied data and engagement time to platforms, but they haven’t received the benefits or rewards that goes beyond the actual access of the platform.”

With her start-up, the 2019 Gen.T honouree wants to improve access to information, education and entertainment by transforming the way existing social media and video content platforms monetise the collection of user data for advertisers.

On her company’s app Bolt+, the time that users spend streaming content is recorded on the blockchain and can be converted into tokens that they can use. “Our blockchain-powered wallet allows users to earn tokens or digital currencies instantly when they participate in certain activities in the app,” says the digital marketing expert. These activities range from watching advertisements to winning an interactive gameshow to submitting their own content.

The app, which has over 11 million users worldwide and has largely been focused in Africa, South Asia, the UK and increasingly the US, has recorded over 500,000 transactions on the blockchain.

Technology has gone from being just one of many industries to being systemically important to society.

Christel Quek

At the same time, Quek has no qualms adapting content offerings rapidly in order to cater to user preferences. “Where we noted a significant surge in user activity and streaming minutes, we made a decision to increase our coverage of livestreams and broadcaster channels, and to cut back on standalone video clips,” she shares. “As a result, our engagement, user retention and overall sentiment improved dramatically.”

This tech disruptor is working to make educational content and health information more accessible next, by streaming content in partnership with BritPharm, an accredited National Health Service provider in the UK.

She says, “Technology has gone from being just one of many industries to being systemically important to society.”

Invest In Groundbreaking Technology

Franklin Technology Fund

With a focus on growth themes such as 5G, cloud computing, artificial intelligence, Internet of Things and e-commerce among others, this fund capitalises on the wide-ranging investment opportunities arising from digital transformation. Its assets are invested in equity securities of companies that may potentially benefit from the development, advancement and use of technology.

For more information on Franklin Templeton's investment philosophy and its funds, visit franklintempleton.com.sg.


This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
The Fund is a sub-fund of Franklin Templeton Investment Funds ("FTIF"), a Luxembourg registered SICAV.
This document is for information only and does not constitute investment advice or a recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes and may be acted upon in that connection and, as such, is provided to you incidentally. Although information has been obtained from sources that Franklin Templeton believes to be reliable, no guarantee can be given as to its accuracy and such information may be incomplete or condensed and may be subject to change at any time without notice. Any views expressed are the views of the fund manager as of the date of this document and do not constitute investment advice. The underlying assumptions and these views are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. There is no assurance that any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets will be realized. Franklin Templeton accepts no liability whatsoever for any direct or indirect consequential loss arising from the use of any information, opinion or estimate herein.
The value of investments and the income from them can go down as well as up and you may not get back the full amount that you invested. Investors may wish to seek advice from a financial adviser before making a commitment to invest in shares of the Fund. In the event an investor chooses not to seek advice from a financial adviser, he/she should consider whether the Fund is suitable for him/her.
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