David Drake

David Drake

Chairman, LDJ Capital - USA

David Drake is Founder and Chairman at LDJ Capital, a multi-family office with 50+ directors and family office partners globally and the holding company for Victoria Partners, a 500 family office network based in London; LDJ Real Estate Group; and The Soho Loft Media Group. Invested both as a GP and LP in fund-of-funds, realty funds, VC funds, and hedge funds, David has been involved in social impact investments in both private and public equities for 25 years and recent investments are in fintech, technology, media, and telecommunications, and his NYC luxury corporate housing and hotel acquisitions led to his work now in New York realty. David advises start-ups and has been advocating for cryptocurrencies and blockchain. In 2011, he collaborated on the JOBS Act to create new laws underlying all fundraising in the U.S. He represented the US Commerce Department at the EU Commission in Brussels and Rome in 2012, was invited to the White House Champions of Change ceremony in Washington, D.C., and was a speaker at the UK Parliament in 2013. He also runs a $200M LDJ Cayman Fund focused on cryptocurrency, payment processing, and blockchain acquisitions.

All Sessions by David Drake

Day 3 - Stream 1 April 14, 2021
4:00 pm - 4:30 pm

TECHNOLOGICAL ADVANCEMENTS: Modernizing International Trade through Digitization

Online

The COVID-19 pandemic has a tremendous impact on the trade and development landscape. Strict border restrictions in different countries that are implemented to curb virus spread have caused major interruptions and consequences to trade flows and value chains. Despite this, the pandemic accelerated the digitalization of the economy at breakneck speed. Digitally enabled products and services are added to company portfolios and funding for digital initiatives has increased to meet the demands of the times. Technology has become not just a source of cost efficiencies but a critical component of the business. The health crisis has also put a spotlight on some of the vulnerabilities in the trade ecosystem. Will digitization of global trade be able to address the issues and challenges it is now facing in light of the current pandemic? Blockchain, a technology that has gained ground because of its decentralized approach and increased security and transparency attributes is seen as a potential game-changer for international trade - at the very least in the financial aspect. The core value proposition of blockchain and its ability to provide the technical infrastructure applies rather well to international trade processes that involve numerous actors in complex relationships across various regulatory frameworks. Blockchain is not a panacea but it offers numerous potential trade-related applications that could significantly transform international trade.