A New Year Letter of Gratitude from CEO, Sankalp Shangari

By January 5, 2019LaLa World

Am I a better person this year and are we a better company this year? This is what I have been thinking as 2018 came to an end.

2018

2018 has been one roller coaster year. Every year, I sit back and reflect on hits and misses, what went our way and what we could have done better. One thing is certain, we have matured this year, both professionally as well as personally. Not only LALA, friends or colleagues, but personally this year has brought a lot of insights about life, family, work, discipline and working smarter. I want to wish each of you and your loved ones a healthy and happy 2019. Also, in the following paragraphs, I wanted to share some thoughts on what we achieved, where we went wrong and what is in store for 2019 and beyond.

2018 has all been about going out and building. A great challenge from the beginning, especially when you are working on several products at the same time. Each country and region had its own set of problems – regulatory and culturally. We underestimated some and made some mistakes. Employees, resources, stress, were all stretched to the limit. While there was a huge influx of investors, partners, real users, community members who are all willing to support this noble cause early on in 2018, but with markets wavering down and prices falling off the cliff, everyone is taking a cautious approach. Probably, we bit much more than we could chew, but we carried on strongly. Consequently, we are a step closer to our goal of providing financial access to the masses. However, not all products have had the same fate as we anticipated. Crypto regulations in different regions were not as easy to navigate as we had anticipated. Crypto markets in general had a tough year, which led to many negativities in the market. Governments were largely not supportive and several other factors which were hard to anticipate in beginning of the year.

2019

Consequently, we had to experiment several times before we found our mojo. The focus now is very clear – we want to bring financial access to the masses using Blockchain and crypto in our wallet. Since we are restricted by regulations, we are also going to separate our fiat and crypto wallet to concentrate on building crypto products that everyone can use with ease. With that, we shall be launching a brand-new wallet in January and you shall hear more about that very soon. This is so far our most advanced wallet with most comprehensive features in coming months. Of course, LALA token and users would be the most benefices of this new wallet.

While crypto currency markets have been evolving, and we all cryptoites have progressed a lot, there is still a long way to go for mass adoption of cryptocurrencies in general and financial products in specific. We are building a future where financial transactions are accessible to the masses, but adopting and educating these masses has been a challenge, least to say. However, with the launch of new wallet and services, we want to be prepared. We also believe that gradually the world will move to decentralised products / dApps. To that note, we are always looking for services and products that can gradually create that.

Themes

In the end, we are crypto people and as we reflect back in 2018, we see some major themes that could transform tech and society as we know it. While, prices of crypto took a big hit, trust in this trustless system grew abound with more adoption (albeit slower due to market conditions), governments doing what they best do (Trump and Brexit being classic examples), developments like crypto kitties, lightening networks, hardware adoptions, more experimentations with other consensus mechanisms, the underlying strength and number of transactions picked up. All in all, it was a difficult year for everyone in crypto, but the mistrust in big tech like Facebook and government in general represents a humongous opportunity for all of us. This is a huge opportunity for everyone involved in crypto and we are preparing ourselves for this massive shift in society.

Specific Work Goals

While markets are constantly changing, we are trying to keep up. Meanwhile, we would like to share with you some exciting plans we have in store for you in 2019:

o Our focus for now is going to be crypto friendly nations till regulations are much clearer.

o Starting with our wallets and products and services, we are actively looking towards decentralised Apps and products.

o We will continue to grow our partners as we strongly believe we cannot do this alone. Partnerships will become our strength, as we leverage on existing infrastructures.

o More local level community engagement and helping out the needy will become our priority.

o Customer service and enhanced security of our clients will take another leap, as we have some very exciting announcements ahead.

o Additionally, an effort to grow our operations in some developed nations will also increase since most families send their loved ones to live, work and study there, starting with the USA.

Specific Life Goals

Personally, this has been a great learning year for me. I want to emphasize that in pursuit of achieving all our success, let’s not forget that health and family matter the most. Spend time on both. This is your number one priority. I have missed on both this year, but not in 2019. I wish the same for all of you. Meanwhile, work hard and don’t forget the following:

o do not respond to negativity – makes you more negative

o give without expecting a get – give first

o discipline is much more important that motivation

o read more, less Facebook, less twitter

o promote others & good work

o do not try to sell, instead educate – your product will sell itself

o tone of voice matters – stay humble

o connect people & network like hell

o choose kind over clever – integrity is all that matters in the end

May 2019 bring joy, peace, and prosperity to you and your families, and to billions of unbanked across the globe. May it be the year of hope and a better future for all of us.

With love and gratitude

Sankalp Shangari

LALA World