Alec Farwell’s path to becoming the founder of Delvit was unexpected, guided by a passion for innovation and a vision for using technology to empower people with the truth. Though he started his career in an entirely different field, a fortuitous introduction to blockchain technology in 2016 set him on the course that would ultimately inspire Delvit’s creation.
Attending a blockchain conference in London, Farwell vividly recalls a speaker galvanizing the audience with the declaration that the industry was still in its infancy but had immense potential to create wealth while helping billions of people. This resonated deeply with Farwell’s developing ethos, centering purpose as the driving force behind business and life.
“I try to live by this mantra every day, not only in my business but in my life in general,” Farwell explained. “Money is simply an exchange of value, so I believe on a base level, the more value you add to the world, the more money you should make long term. The focus should be on adding value first.”
Delvit’s origin story is intertwined with Farwell’s disillusionment during the COVID-19 pandemic and the election season. Frustrated by widespread misinformation, Farwell saw an opportunity to conceive Delvit as a platform to decentralize the flow of information, offering users access to unfiltered facts. Its mission is ambitious: to overturn traditional information structures and provide a reliable source of truth.
Blockchain, the technology behind Delvit, is more than a buzzword in Farwell’s lexicon. It’s a tool for transparency and efficiency. Farwell recognizes its potential to transform business processes by providing a secure, shared ledger for recording transactions and tracking assets. He sees blockchain as a means to an end, where the end is a more informed and honest world.
Farwell underscores the alarming decline in trust towards news sources, as evidenced by a recent survey revealing that merely 7% of individuals express a “great deal” of confidence in mainstream media. The online dissemination of information creates a scenario where influential corporations or brands can easily persuade individuals that the prevailing sentiment aligns with their narrative. Given our innate tendency to follow the crowd, Delvit is dedicated to thwarting this trend, aiming to foster genuine connections that reflect the authentic beliefs of the collective rather than succumbing to the influence of corporate agendas.
Farwell is dedicated to reaching a wide audience with the goal of transforming the way we access information on the internet. His mission involves leveraging blockchain technology to eradicate corruption and establish consensus through a gamified discovery platform. This platform not only exposes users to content they may disagree with but also rewards them for actively attempting to challenge or disprove it.
Despite these challenges, Farwell remains committed to his vision with Delvit. He envisions the platform as a catalyst for change, redirecting blockchain’s trajectory toward societal benefit. Collaboration is key to this mission. Farwell actively engages with industry peers, aiming to foster a community that prioritizes long-term value over short-term gains.
Delvit’s journey under Farwell’s leadership is an ongoing narrative of principle-driven innovation. The platform stands as a counterpoint to the prevailing trends in the blockchain industry, emphasizing the technology’s capacity for societal good. Farwell’s insistence on using blockchain as a tool for truth and transparency is a stark reminder of the technology’s untapped potential.
Alec Farwell’s journey in blockchain innovation reflects his unwavering dedication to his guiding principle: adding real value to the world. Delvit is more than a platform; it demonstrates Farwell’s belief in the transformative power of blockchain when aligned with the pursuit of truth and societal improvement. His leadership continues to challenge the norms of the blockchain world, steering it toward a more accountable and impactful future.