View story at Medium.com
All credits to: Max Thake
A few hours after the Munich event, the nakamo.to team crossed the Swiss border and headed towards Zug, also known as the ‘Crypto Valley’, where we held our second Blockchain, Tangle & beyond event in as many days.
The event took place at the Lakeside Business Center and featured world-renowned technology thought leader, Oliver Bussmann, who gave a keynote speech on how Distributed Ledger Technology will be integrated with real-world industries and what the Crypto Valley Association are doing in Zug, before commenting on IOTA’s Data Marketplace announcement earlier this week.
Oliver Bussmann is President of the Crypto Valley Association, Global Ambassador for UK-based Innovate Finance and Strategic Advisor of IOTA Foundation. He has also held prominent positions at UBS, SAP, Allianz, Deutsche Bank and IBM.
Mr.Bussmann spoke extensively about how ‘disruptive technologies like Distributed Ledger Technology and the Internet of Things will bring industries together’. He gave examples of ventures based in the Crypto Valley which are doing just that, explaining that this isn’t just speculation, ‘it is happening right now.’
He also made some interesting remarks on the DLT niche nakamo.to will be focusing on — DLT software design and development, saying ‘it will be a multi-billion dollar business going forward. Revenue, based on prediction, will go up to — just from a software perspective — to $20 billion and up by 2025.’
Mr.Bussmann then spoke about Zug as one of the world’s best eco-systems for crypto related ventures. He explained that all the entities one would need to create and run a successful DLT business could be found within a thirty mile radius inside the Swiss city. He went on to explain how the Crypto Valley Association works to ‘bring these entities together and attract more business, resources and know-how from inside and outside of Switzerland’.
The IOTA Data Marketplace, a much anticipated topic, was left to the end of the presentation. Mr.Bussmann described IOTA’s exciting announcement as ‘a fantastic idea’.
‘It’s a clear indication that technology can not only be looked at in an isolated way, it always comes together as a combined solution — and it’s changing the way we operate.’
Mr.Bussmann then took questions from the crowd and the big online community who tuned in to watch the Friday night livestream. When asked to elaborate on ledger agnostic technology, Mr.Bussmann shed some light on his prospects for IOTA, saying ‘I cannot predict who will be the winning infrastructure going forward. I think IOTA has a very good chance of being a very dominant player, there’s no question about that.’
‘Do you think we are going to have blockchain as a service?’ one person asked. To which Mr.Bussmann replied, ‘Yes — it’s already happening with certain providers. We always will welcome this whole environment.’
Advanced Blockchain AG CEO, Michael Geike, picked up where Mr.Bussmann left off with regards to the idea of blockchain as a service. Michael described how Advanced Blockchain AG was built as the connection to corporate world for the partnership with nakamo.to, while nakamo.to will will focus on Distributed Ledger Technology as a service, providing a range of products that can be moulded to shape clients’ needs.
He described the peaq project as an example of what people can expect from the collaboration between Advanced Blockchain AG and nakamo.to, explaining how real world industries, operations and applications will soon be tokenized and form part of the token economy. Michael described how the DLT market is just waiting to be tapped into, with the industry currently accounting for less than 0.1% of all global financial assets.
Michael was then joined on stage by nakamo.to CVO and peaq R&D, Florian Reike. The two answered questions relating to Advanced Blockchain AG, nakamo.to, and the peaq project. To catch up on those questions and answers, and the rest of the event in Zug, you can find the video on this link.
Our next event will take place in London on the 7th of December. Here’s a linkto the meet-up in case you’d like to attend.