In the summer of 2021, the world will learn about the new blockchain technology that entrepreneur Hitesh (Neel) Patel and his company have created. “I am developing blockchain-based apps and am unveiling the first blockchain-based messenger service and social media,” he says. With the potential to cater to almost 80,000,000 crypto users globally, Neel stands ready to lead the business world into a different future, one that is even more exciting.
“When I was a child, I was ambitious, but I did not foresee this happening,” Neel says, smiling a little. “I come from a small village in India, so the road from there to where I am today has been long, to say the least. It took me first to Bangalore, where I quickly learned that computers, and not pharmacology, was my passion. I then went to Malaysia before landing in Singapore back in 2009.”
In Singapore, Neel learned about Bitcoin. “I have accurately predicted the rise and fall of Bitcoin since 2017, but back then, I didn’t know much about it. I bought 3,000 bitcoins by paying $1 for each without knowing the future of the coin. As we all know, however, it was a jackpot in 2017 – Bitcoin hit $19,000 each, and I sold mine so that I could start Investing in different businesses. This was definitely when my life changed and took me to where I am today.”
Today, that investment in Bitcoin has paid off. Neel owns his New Jersey investment firm NY WOLVES LLC and enjoys teaching clients how to do financial trading the right way and create a second source of income. “This has created more stability for my clients, so I am very glad to have made such an impact on their lives, including their families,” Neel explains. “Financial trading done the right way can make anyone earn a good amount of money even if they are staying at home. For example, in a situation like COVID-19, when millions lost their job, if you were traders, you could have kept working for yourself at home by using your computer for trading. It’s this kind of self-sufficiency that I try to help my clients attain.”
Neel also owns Squeaks Technology Services Pvt. Ltd., his technology company that is developing Squeaks Social Media and Messenger based on blockchain technology.
Neel sees a lot of potential for it. “The crypto-based social media and messenger service that I am developing will have its own coins and BTC and ETH wallets. I see huge potential for this because the future is for digital currency and digital transactions, which will cut all transaction costs and facilitate banking services to millions of unbanked customers. The technology behind crypto currency and blockchain will connect billions of people with the modern banking system just by using a mobile phone.”
Neel believes that blockchain technology will make doing business easier across many industries and will innovate solutions to long-standing problems. “Blockchain technology development will rise in the near future, and its digital tokens will facilitate everything from banking to real estate to accounting. Blockchain peer-to-peer technology can also be used to cut huge server and storage costs for many applications and lower your dependency on a third-party cloud system. Blockchain can also be one of the most secure and privacy-protected technologies for the new generation, who are concerned about their online privacy.”
The possibilities for his technology and for blockchain excite Neel. “This is what I love doing: using technology to make business and life easier for everyone,” he says. “I am glad that what I create is able to benefit so many people around the world. To me, that is what success really is.”
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