Evan Luthra – CEO at EL Group International

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Evan Luthra has that rare and coveted ability to turn original ideas into businesses that are both innovative and profitable. At 22 years-old, he has an impressive resume and career history. He started his journey as a serial entrepreneur as an adolescent and was bitten by the “digital bug” early and often. This forward thinking, technology-minded entrepreneur embarked on his first digital endeavor at just twelve years-old by curating technology-related news, and he garnered a notable quarter of a million readers in doing so.

He then began developing mobile apps at the advent of mobile app popularity. Always on the cusp and leading edge of new trends and innovations, he has become a true innovator and recognized name in the world of Startups. He has started various technology companies and manages products used by millions of people.

Evan has extensive knowledge and experience in mobile apps and his company, EL Group International has developed and delivered mobile apps for major Fortune 500 companies. Evan’s strategy follows a simple, but proven formula: conceptualize, innovate, execute.

More recently Evan is heavily invovled in the crypto industry working with leading companies such as GazeCoin.io, Hashgraph.com and others under EL Group subsidary Almora.io and has been regarded as a Blockchain expert and pioneer by the worlds leading organziations and publications

Evan is an accredited Angel Investor and invests in a variety of products and businesses through his Startup Studio and otherwise. From being the first investor over snapchat , to an early investor in Eazeup.com (Fastest growing on-demand Tech company in 2016) to most recently in Wheelys (Top 15 company to watch out in 2017 by INC).

Evan believes in using technlogy to disrupt existing industries and has companies in a diverse set of industries from FoodTech, FinTech, Marijuana, Travel, Nightlife, Food and Beverage, Lifestyle, Social, AI, VR, AR, MR, Entertainment, Fashion and more.

He is a featured speaker at different universities and conferences around the globe; he speaks about Mobile Apps, Entrepreneurship and trending tech topics, to huge audiences and has spoken for Tedx, United Nations, Google, Nielsen and has done guest lectures at Delhi University, Washington State University, San Francisco State University and more.

With his keen insights and digital expertise, Evan is constantly thinking of new ideas that will innovate, simplify and make daily quality of life that much better.

How did you get started with cryptocurrency?

I initially got involved in the space when my company ELGroupInternational.com was first approached by our clients and partners to assist them with a blockchain strategy.

As I started to understand the technology better, I started making a few investments here and there – first in side projects being run by people I knew but soon on to serious companies and startups being backed by VCs and other institutional money.

Soon as I got more interested and started by doing my own projects – investing in mining rigs, advising ICOs and eventually starting up my company Almora.io focused on working on all things crypto and building decentralized solutions.

Even though I have made tremendous amounts of money with cryptocurrency – it was never my motivation. I did not get in the crypto space to make money – I already make enough money to retire off my current investments – My real motivation to get so deeply involved with the crypto space is the potential it provides me to make a real difference in the way we live.

I believe cryptocurrencies and blockchain based solutions have the power disrupt the way we do everything. I see an opportunity to play a major role in helping shape the future we all will live in.

As the world moves to blockchain I have currently invested in and helping build companies like Hashgraph.com – which I believe is the future of Blockchain.

I don’t just think about investing in different pre-ICOs but actually play a major role in executing multiple ICOs from companies like Gaze Coin, and Lockchain.co.

Who do you admire most in the industry and why?

I just love all the energy around this space. So many smart people are trying to solve problems in there own way and are doing great at it.

Think about this 10 years ago the 5 biggest companies were all banks – today its all tech companies and if we maintain the rate of growth this industry has seen , crypto will wipe out other forms of payment pretty soon.

How we transact has already been disrupted by technology once and the next step in cycle is blockchain technology – remember cryptocurrency is also based on the underlying blockchain technology – same way we moved from coins to cash to plastic cards – now the world will move to Crypto.

Money is only a means to enable things and acquire services and products . Do you think you should really be paying $3 to your bank every-time you want to withdraw your own money? This is just one of the many problems cryptocurrencies are solving.

I am so confident about this space in general that I am even opening up physical shops like banks which have branches where you can show up and we will set you up with your own crypto wallet online and help you buy your first bitcoin.

Cryptocurrencies are enabling a new way of doing business based on simplified and automated decentralized applications (dApps) to facilitate peer-to-peer transactions and exchanges. Soon every industry and sector we know off will be using cryptocurrencies.

How do you see blockchain technology improving life in the future?

Blockchain technology and dApps have the ability to decentralize power from existing authorities through the use of smart contracts, cryptocurrencies, and asset ownership. This shift will change current businesses and economic and social paradigms. Transaction costs and barriers to entry will be reduced in various industries. The result will likely lead to an increase in economic exchange and prosperity.

The world we live in today is not the world we will live in tomorrow.

My company EL Group is working with governments from countries like UAE and others to put all records on blockchain and Hashgraph. We are dealing with Enterprise companies to deliver private blockchain networks. 5 years from now everything will be on the blockchain – I want to be enabling that.

I think blockchain’s potential is only limited by our collective imagination – the potential is truly endless in terms of what products can be built – every month we are seeing over 2000 new ICOs happening – each solving a unique problem in its own way.

What’s one thing you’ve learned since you got started with digital currency?

Cryptocurrency’s decentralized nature means that it cannot be shut down or manipulated easily. Many people ask why own digital currencies, it’s that simple. We believe in the future and so should you. So we’re going long with Bitcoin anticipating capital will continue to flow as it’s potential is realized.

What’s one piece of advice you can share with others?

“The best way to predict the future is to create it”

Evan Luthra’s official website can be accessed at https://evanluthra.com/ Be sure to follow Evan on Facebook, Twitter, Instagram, and LinkedIn.com. Cheers!