Startup Fortune, July 7, 2020: We’re still trying to wrap our heads around the concept of a decentralized business. In fact, we’re still trying to wrap our heads around a lot of the things that James William Awad managed to master when he was just 11-years-old. The now 27-year-old is the founder of TripleOne, a company that’s about to revolutionize the way we do business. Before he gets swept up in what’s sure to be a bumper year, we sat down with him to find out how it all started and where he aims to go.
Hi James! Please tell us about your business and what makes you unique?
Hello, I run TripleOne. It’s a relatively new company that borrows concepts from Bitcoin and other cryptocurrency models. The idea is to push the decentralization of organizations. With this model, decisions are made by employees, fostering a feeling of personal investment and innovation. Many companies are already decentralized, they just don’t know it. By actually giving this power to the people within the company, we’re encouraging creativity, versatility, and self-organization.
How did you get started in this industry?
I guess this can all be traced back to my love for video games. I created my first one when I was 12, but I had no idea about the business side of it, so it gathered dust. When I was 14 I started a freelance developer account. I had to lie and say that I was 28-years-old. It worked though – I got a job fixing and creating features for a user management system, and from there I was making a few thousand dollars while working on multiple projects. I used this to buy C++ coding books and to pay my parent’s mortgage for the year.
What does the future hold?
People need time to adjust and familiarize themselves with new concepts, but I believe that this is going to take off really quickly. With TripleOne, people around the world will get a chance to contribute to the business by voting on ideas, suggesting new projects, and completing tasks. Users are rewarded for their participation at the end of each month. We currently have 13 companies under our management – from telecommunications and fitness to pizza and skincare. People around the world will be connected through their investments and ideas, even if they’ve never met.
