Former Chief Strategic Officer of Samsung Joins Astra Protocol Advisory Committee to Focus on Real-World Applications

02/24/2023 11:29 • Blockchain Buzz • 146 views

On February 24, the DeFi compliance provider Astra Protocol has appointed Young Sohn, the former president and chief strategic officer of Samsung Electronics, as a member of its advisory committee to guide Astra Protocol to focus on real-world applications.

Young Sohn, former president and chief strategic officer of Samsung Electronics, served as Astra Protocol consultant

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Astra Protocol, a decentralized finance (DeFi) compliance provider, announced on February 24th that Young Sohn, former president and chief strategic officer of Samsung Electronics, has joined its advisory committee. According to the company’s statement, Sohn will provide valuable insight and guidance to the team with regard to focusing on real-world applications of DeFi.

Astra Protocol is a decentralized solution for regulatory compliance, utilizing smart contracts to enforce compliance across DeFi platforms. The platform allows for secure and efficient compliance checks, reducing the risk of regulatory violations and increasing transparency for users. Sohn’s appointment to the advisory committee is a significant move for the company, as it further cements Astra Protocol’s position as an industry leader in DeFi compliance.

Sohn brings more than 30 years of experience to the Astra Protocol team. During his time at Samsung Electronics, he oversaw several of the company’s strategic initiatives, including its venture capital arm, Samsung Ventures. This experience will undoubtedly prove invaluable to Astra Protocol as it continues to expand its services and collaborate with enterprise-level companies.

The announcement of Sohn’s appointment coincides with the current focus on the practical applications of DeFi. As DeFi continues to grow in popularity, regulators are taking notice and calling for greater transparency and oversight. Many DeFi projects, like Astra Protocol, are looking for ways to comply with regulations while still maintaining the decentralized nature of the technology. Sohn’s expertise in strategic planning and corporate development will help Astra Protocol navigate this complex landscape.

Overall, Sohn’s appointment to the advisory committee is a significant step forward for Astra Protocol. The company is well-positioned to move the DeFi industry towards greater compliance and transparency, and Sohn’s guidance will undoubtedly aid them in these efforts.

In summary, Astra Protocol, a DeFi compliance provider, has appointed Young Sohn, former president and chief strategic officer of Samsung Electronics, to its advisory committee. Sohn’s experience and expertise will guide Astra Protocol in focusing on real-world applications of DeFi, as the industry faces increased regulatory scrutiny.

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