We recently had the privilege of interviewing Hiral Mehta, Product Owner at Decentralized Technology. Hiral’s journey over these years with several companies to having a crucial role at Decentralized Technology and launching Riverex inspires many. In this interview, Hiral shares her milestones in this journey, the inspiration that led her to join this industry, risks, and long-term plans for the business.
Decentralized Technology is a custom Blockchain software development company in Dubai specializing in Blockchain project consultation. Besides, the company has successfully launched its innovative blockchain-based cryptocurrency trading platform, Riverex, with unique and amazing features, with Hiral Mehta as one of the prominent figures making this possible. Hiral’s insight starting in this industry, encouraging innovation, and having the right talent in the team offer invaluable lessons for aspiring professionals.
Notable Milestones In This Journey
We started the interview by asking, “Can you tell us about your career journey and Riverex?” 
Hiral shared, “In our journey at Decentralized Technology, focusing on providing a Decentralized Solution for Crypto Traders, we’ve experienced several vital milestones and turning points. These include the successful launch of Riverex, our innovative blockchain-based cryptocurrency trading platform. Riverex adheres to how decentralized platforms should be, giving control and transparency to users on how they manage their Web3 assets.
Even in a worst-case scenario where Riverex might cease operations, users would still retain control over their assets. A testament to our commitment is the ecosystem we’ve built around our decentralized exchange. Notable introductions include the non-custodial Hippo Wallet and the blockchain explorer, Chainitix, both of which represent significant milestones for us.”
She added, “Riverex has introduced cutting-edge features like Atomic swaps, providing our users a seamless and trustless way to exchange cryptocurrencies directly from their wallets. Additionally, securing strategic partnerships with major players in the crypto industry was a pivotal moment. The emergence of Web3 technology played a vital role in revolutionizing our decentralized solution.”
Inspiration Behind Joining The Industry
We were curious about what inspired Hiral Mehta to join this industry. So, we asked, “What was the inspiration behind Decentralized Technology?”
Hiral Mehta at GITEX 2023 Dubai
She replied, “I was inspired to start with Decentralized Technology, with a significant focus on providing a Decentralized Solution for Crypto Traders, due to a clear need in the industry. Crypto trading platforms often lacked transparency, security, and accessibility. Our company’s vision was to leverage blockchain technology and the Web3 revolution to create a transparent, efficient, and decentralized platform for crypto traders, making it easier for market participants to engage in this space.
We believe in blockchain’s ability to provide freedom and solve the problem of anonymous and trustless transactions very efficiently, achieving transparency and freedom while removing the barriers of traditional apps.”
Promoting Innovative Approaches
Being in the Blockchain space, it is essential to encourage innovation and creativity within the team, ensuring the company’s excellence. So, we asked, “What strategies do you employ to encourage and cultivate innovation within your organization? Could you highlight a particular initiative that stands out?”
“We foster innovation within our company by promoting a culture of continuous learning and experimentation. An example of a successful innovation initiative was the introduction of smart contracts on Riverex, which leverages the trustless nature of blockchain technology, ensuring seamless and secure crypto trading for pseudonymous traders.” Hiral replied.
Retaining The Top Talents
To achieve success as a company, building the right team with top-notch talent is paramount. We asked, “In what ways do you create an environment that not only attracts the best in the field but also encourages them to stay and grow?”
She replied, “Attracting and retaining top talent involves offering competitive compensation packages, creating a stimulating work environment, and providing opportunities for professional growth. We also emphasize our mission to provide a Decentralized Solution for Crypto Traders, attracting individuals passionate about the Web3 revolution and the trustless, pseudonymous nature of crypto trading.”
The Important Duo
To learn more about the role of networking and Mentorship in her journey through this industry, we asked, “How important has mentorship and networking been in your professional journey?”
Hiral replied, “Mentorship and networking have been integral to my journey. Our brand has benefitted from the guidance provided by industry veterans and has actively participated in industry conferences and events to build connections, gain insights, and keep up with the latest developments in Web3 and Crypto.”
Navigating Through The Risks
Risks are inevitable in any business, particularly in the Blockchain space. So, we asked, “How does Decentralised Technology assess and mitigate risks in your business?”
“With our decentralized solution primarily relying on smart contracts, we recognize the unique risks associated with trustlessness and pseudonymity. We regularly assess and mitigate these risks by conducting thorough, smart contract audits, implementing robust cybersecurity measures, and diversifying our partnerships.” Hiral shared.
Adapting To The Emerging Trends
We asked, “Given the dynamic nature of the crypto world, how do you modify your strategic plans to seize emerging opportunities?”
She continued, “We adapt our business strategy by closely monitoring market trends, emerging Web3 technologies, and changes in the crypto landscape. This flexibility allowed us to capitalize on the growing demand for decentralized crypto trading solutions, where we’ve expanded our offerings to cater to this evolving market.”
Advice To Aspiring Professionals
Starting in a similar industry, beginners will find it inspiring and helpful to hear from an expert like Hiral Mehta. So, we asked, “What advice would you give aspiring entrepreneurs in this industry? What key lessons have you learned along the way?”
She replied, “My advice to aspiring entrepreneurs in the crypto trading space, aiming to provide decentralized solutions, is to stay persistent, remain agile, and surround yourself with a strong team. Embrace the Web3 revolution, focus on solving real problems, and always prioritize transparency and integrity in your decentralized crypto trading business.”
Long-Term Goals We Asked Hiral Mehta
Our last question was, ”Where do you envision Decentralized Technology in the future, and how do you plan to navigate the challenges of the ever-changing crypto landscape?”
“Our long-term goal for Decentralized Technology, focusing on providing a Decentralized Solution for Crypto Traders, is to become a globally recognized leader in decentralized cryptocurrency trading, known for transparency, efficiency, and security. To remain competitive, we’ll continue to innovate, expand our product offerings, and adapt to market demands, all while leveraging the power of Web3 and the trustless, pseudonymous nature of crypto trading.” She concluded.
Connect with Hiral Mehta on LinkedIn.
Find Riverex on LinkedIn or visit their website to learn more.
