Austria´s Government uses Ethereum public blockchain to issue €1.15 billion government bonds

Bildschirmfoto 2018-10-03 um 11.19.34Austria’s government is set to use the Ethereum (ETH) public blockchain to issue €1.15 billion ($1.35 billion) of government bonds in an auction next week, local news outlet Kleine Zeitung reports.

Oesterreichische Kontrollbank (OeKB) — one of Austria’s biggest banks with $26 billion in assets in 2017 — will reportedly operate the live blockchain notarization service. During the auction, scheduled for October 2, the bank will issue the bonds on behalf of the Austrian Treasury (OeBFA).

Austria’s Finance Minister, Hartwig Löger, noted that the ministry considers blockchain tech “forms a focus on economic policy,” adding:

“Through setting up the FinTech Advisory Council at the Ministry of Finance, we are developing strategies enabling Austria to benefit optimally from these developments.”

OeKB says this will be the the first time a blockchain-based notarization service will be used as part of a Federal Bond Auction in Austria. The procedure, which has reportedly been successfully tested, will draw on a system that has been developed internally by the bank to “notarize data from Austria’s established system — the Austrian Direct Auction System (ADAS) — “as hash values on the Ethereum public blockchain.”

As Kleine Zeitung notes, the use of blockchain in this instance does not go as far as issuing tokenized bonds that would function in parallel to existing paper or digital systems. However, as Markus Stix, managing director at the Austrian Treasury, told Kleine Zeitung, the use of the technology has key benefits for both security and cost reduction:

“This added security contributes to achieving a high level of confidence in the auction process for Austrian government bonds and strengthens Austria’s good standing in the market, which indirectly also has the capacity to contribute to favourable financing costs.”

Earlier this summer, Cointelegraph reported on a major joint initiative between the World Bank and the Commonwealth Bank of Australia (CBA) to issue a public bond exclusively through blockchain. The A$100 million ($73.16 million) deal entailed two-year bonds that were priced to yield a 2.251 percent return.

This spring, Sberbank CIB — the corporate and investment banking arm of Russia’s largest bank Sberbank — conducted the first reported blockchain-based commercial bond transaction in Russia.

 

Source: KleineZeitung.at, CoinMarketCap.com

Call for Proposals: Blockchain for Consumer Electronics Retailer

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Call for Proposals

A leading multinational Consumer Electronics Retailer plans to apply blockchain and a Coin or Token for their distribution and sales business.

If you are interested in a cooperation, have ideas to share please mailto: retailercoin@protonmail.com until 31st of August 2018.

Background

With hundreds of huge stores to sell TV, refrigerators, cameras, coffee machines, laptops and more the retailer is one of the largest worldwide.  McDonalds coins for BigMac, Starbucks thinks about using coins, SingaporeAirlines uses cryptobased Krispay, Walmart uses blockchain for supply chains. Still in retail not much has been done yet.

 

Objectives

=> Tell us how you think blockchain can be used in consumer electronic retail business (not: production)

=> Point out use cases for payments, vouchers in sales

=> Introduce ICOs/blockchain projects which could be of interest

=> Share crazy ideas and critical views

 

Benefit

Opportunity for a cooperation, or at least visibility for your person and idea!

If you are interested in a cooperation, have ideas to share please mailto: retailercoin@protonmail.com until 31st of August 2018.

 

This is to bring cryptos to the people.
This is why I support it.
This is #ReturnonSociety.

Cryptocurrencies and Bitcoin in China: BTC hero Bobby Lee explains how Chinese people still manage to trade

Bildschirmfoto 2018-08-10 um 23.35.54.pngWhen I participated last week at the Blockchain Open Forum in Seoul, South Korea, where China’s first crypto exchange BTCC CEO Bobby Lee told us that people in China are still trading cryptocurrencies even after the Chinese government imposed a strict ban on crypto trading in September 2017.

Regulatory State of Crypto in China is still unclear

 

It is still very obscure how the blockchain and cryptocurrency sector is treated in China. The country’s government banned cryptocurrency trading in autumn last year to avoid outflow of the Chinese Renminbi to other major countries. However the government supports local blockchain projects and public blockchain protocols like Ethereum ever since.

In April 2018, the government of Hangzhou, one of the more active regions for technology development and innovation, backed a $1.6 billion blockchain fund to finance emerging startups working on commercializing and implementing sophisticated blockchain-related solutions.

Two months after the investment of the Hangzhou government in a 1,3 billion dollar blockchain fund, China Central Television (CCTV), a state television network controlled by the government, reported that the blockchain has the potential to become 10 times the value of the Internet with wording that demonstrated absolute certainty from the Chinese government about the long-term success of the blockchain.

CCTV reported:

“Blockchain is the second era of the Internet. The value of blockchain is 10 times that of the Internet. Blockchain is the machine that produces trust”.

For speculators and investors outside of the Chinese cryptocurrency market, the government’s support towards blockchain projects and its antipathy for cryptocurrency trading may be difficult to evaluate.

It has been evident based on the initiatives led by the Chinese government that it is highly optimistic towards the blockchain. Bobby Lee, the CEO of BTCC, said at the Blockchain Open Forum that the ban on cryptocurrency trading imposed by the Chinese authorities can be attributed to the idea that the value of major digital assets is currently overvalued and an outright ban on trading would cause the price of cryptocurrencies to decline.

Lee made clear he believes the market will continue to operate freely in the global space, with minimal impact and interference from the Chinese government. Lee also revealed that many investors and traders within China are still initiating cryptocurrency trading, adding that the volume of cryptocurrencies in China continues to remain high after the ban.

In February 2018, Hong Kong-based mainstream publication South China Morning Post reported that the Chinese government ordered its banks to completely stop cryptocurrency trades by cutting out services to exchanges. The government requested foreign platforms to stop providing services to local users as well.

Demand is Still There

While the official China banned cryptocurrency trading, the demand for digital assets is increasing daily, partially fueled by the government’s optimism towards the cryptocurrency and blockchain sector.

Lee concluded that the rising interest towards digital assets as long-term investments signify the acknowledgment of cryptocurrencies as a new asset class that can co-exist with the current financial system.

Bobby Lee is the co-founder and CEO of the first and definitely one of China’s biggest bitcoin exchanges, BTCC. All cryptocurrency exchanges have been closed down by the Chinese government last year. Lee said he is lucky that he was able to travel and visit the conference in Seoul. He heard that some other founders of Chinese exchanges still apply for their passport.

He believes there are two reasons why Chinese trade so heavily and intensively although officially not possible:

  1. Chinese love of investing and
  2. the popularity of bitcoin mining in the country.

“Chinese people lack a lot of opportunities to invest,” Lee told Business Insider. “Bitcoin is a high-growing, volatile asset class. In some ways, it’s a very ripe opportunity for day trading to make money.”

Swings of 5% or more in a single day for bitcoin are not unusual, representing an opportunity for speculators to make a quick buck on the currency — or of course stomach a sizeable loss.

Bobby lee on twitter: @bobbyclee

Follow my twitter for more: @CryptoRobby

and cryptorobby.blog

Pictures: CryptoRobby 🦋

 

Crypto crowd never sleeps!

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When waking up in the morning, we tend to check Whatsapp messages, scroll through Instagram or facebook, have a look at LinkedIn, open some emails (did the boss text me?). Many people take their mobile devices to bed and wake up with it – I admit, I often do too!

Especially people working with blockchain, coding, managing an ICO, social media community managers lose the clear structuring of day and night in this digital networked 24 hour non-stop society.

Smartphones can also be “stimulants” for another reason: The screens usually emit high levels of blue light. And that confuses the human body, which believes that it is still daytime outside and sends the signal “Unlock the day mode!” to the internal clock.

Especially crypto crowd has not yet found the right balance in the use of the laptop, the smartphone, tablets. A smartphone that is switched off on the table distracts you from immersing yourself in the conversation as if your smartphone was not on the table.

Smartphone addiction is a common affliction of today’s youth, young adults, and thirty-somethings. The ability to acquire information instantly at one’s fingertips has drastically altered the way people communicate and consume information.

A group of people can often be seen crowded around a table at a restaurant or bar, each one with his or her eyes glued to the hand-sized glowing screen. Even more: If we look in restaurants, one might think that today, smartphone belongs to the cutlery, leaving out is a difficult exercise, and if we adults set such rules for our children, we must adhere to them as well.

Main problem of people working in the blockchain sphere is that it seems they never sleep. Chronobiology is a field of biology that examines periodic (cyclic) phenomena in living organisms and their adaptation to solar- and lunar-related rhythms. And amongst active blockchainers and crypto folks this natural cycle is often very disturbed.

Conclusion:

I just can draw the following conclusion: let´s sometimes go out without the smartphone, let´s try to read a book, to go for a walk in the forest completely offline. And realise how addicted we are: NO PIC for Instagram, no checking of messages?

Yes, it is hard, but we have to admit that we all are addicted!!!

But admitting that, is the first step to change it.

Blockchain & Construction Industry: nightmare or sweet dreams

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Construction industry use cases typically involve an owner, the architect, engineers, a general contractor, subcontractors, and suppliers. The owner holds contracts with some of the participants, but not all. Businesses like the subcontractors and suppliers will hold contracts with the general contractor rather than with the owner.

One issue holding back change is that Construction is a highly regulated industry, for obvious reasons. Think about the built environments we inhabit and all we expect from them. Primarily they provide shelter so need to be structurally sound, built from materials that won’t make us sick or burn easily. If they do catch fire then minimum requirements for fire door widths, escape route signage and distances are needed. We expect the lights will work and not to be electrocuted by a power socket.

Construction brings together large teams to design and shape the built environment. With technology and in particular Building Information Modeling (BIM) becoming more widespread, openness to collaboration and new ideas is increasing across the industry. This momentum could be leveraged to bring the use of Blockchain technology to the fore.

Integration of Blockchain and the Building Maintenance System (BMS) could lead to a building’s DAO (Distributed Autonomous Organisation) placing an order for a new light fitting, accepting delivery and liability for it, calling out someone to install it and paying both the supplier and installer. Payment would be made from the DOA’s wallet (bank account) which is connected to wallets of those that live in the building. It’s not a far jump to see that rents could be collected, body corporate fees, and insurance payments all managed autonomously by a building’s DAO.

For the construction phase it’s no different, it just takes more human input to clarify requirements and make decisions to meet those requirements; which light fitting, paint colour, temperature range in rooms.

Despite the increasing awareness towards tech in construction, advances have predominantly supported the current approach to building. By embracing Blockchain the industry may see the fundamental disruption underway in other industries.

What might a fundamental disruption of our current construction approach look like? One way to imagine this shift is to examine the procurement process for most buildings.

Currently, the number of direct contracts with a client is limited to consultants and a main contractor. The main contractor engages subcontractors to carry out the specialised work.

12 Initial Coin Offering (ICO) related to the construction industry:

CONDA

CONDA launched its crowdinvesting platform in 2013. The blockchain infrastructure presented the logical step for bringing crowdfinancing to the next level by utilising the most efficient technology, supported by their experienced team and partners.

Their mission is to create the financial market of the future. They are building a decentralized network protocol for issuing and managing tokenized equity offerings of SMEs, Start-ups and Real Estate Projects.

BUILDCoin

BUILDcoin is freely tradable digital money, developed to – as stated on their website – to revolutionise the construction industry through real-time, peer-to-peer payments within the BUILD1x Mobile Platform. BUILD1x serves homebuilders, commercial builders, building supply and product manufacturers, contractors, sub-contractors, construction workers, architects, engineers, and companies that support the construction industry.

If there is an industry bound to benefit in a big way from blockchain technology, it is the real estate sector. Since the beginning of real estate sales, the industry has been ripe for fraudulent activities, some even leading to global recessions.

Given the amount of wealth that circulates in this industry, the traditional trust-based real estate management models have always been inefficient and insecure. Blockchain technology is all about transparency, efficiency, and security, and is, therefore, a good fit for the sector.

From settling disputes between landlords and tenants to streamlining the mortgage process and opening up the global real estate industry to ordinary investors, new blockchain-powered technologies are emerging daily. Here are the top 9 ICOs we believe will revolutionize the real estate sector.

RxEAL

RxEAL is an Ethereum-based platform providing escrow services and decentralized dispute resolution for the real estate sector. The project specifically focuses on the rental market, where disputes regularly arise between landlords and tenants with regard to security deposits. Through smart contracts, RxEAL not only guarantees the tenant that the deposit will be returned, but also ensures that it is returned within the agreed time.

TokenLend

TokenLend is a blockchain platform allowing anyone, anywhere in the world to invest in secured real estate loans using cryptocurrencies and fiat currencies. The TokenLend project aims to enable small investors to participate in the global real estate markets without fear by helping them build a secured loan-based investment portfolio that delivers competitive, predictable and consistent returns.

Rentberry

Rentberry is a decentralized rental platform that brings together landlords and tenants and uses smart contracts to ensure that the rights of both parties are safeguarded. The Rentberry platform brings about transparency which is vital to both sides.

For the renter, transparency in rental fees translates to savings while for the landlord, knowing the credit scores and the rental history of their clients is vital in making decisions. The platform also helps the landlord in payment collections and dispute settlements, therefore saving costs.

Propify

Propify is a blockchain and smart contracts-based social media marketing platform for the real estate sector. The platform goal is to be the best alternative to centralized property portals such as Realtor.com, Zillow, Zoopla and others by offering solutions to the critical issues attached to their use. These issues include inefficiency, complexity, lack of transparency, and client data insecurity.

Bitrent

BitRent is a blockchain and smart contracts-based platform that enables individuals anywhere in the world to invest in the global construction industry. The project uses sensors and RFID chips installed on the properties under construction to allow users to track every step of the process in addition to smart contract technology which ensures each party adheres to the set terms.

Investors looking to invest in the BitRent project are required to buy the BitRent RNT tokens. The type of investment allowed for a given individual will depend on the number of tokens they hold.

 

Caviar

The Caviar token combines investments in the crypto-assets space and income generating short term loans backed by real estate. The goal is to provide diversification, which is usually difficult in most real estate products given that they are highly correlated.

The tokenization of real estate assets will not only open investors to the lucrative crypto-assets space but will also provide an easy way of raising financing for developers.

Evareium

Evareium is the world’s first blockchain-based private equity real estate fund. The platform provides investors with an opportunity to invest in a tokenized private equity real estate fund and own part of the management company.

The Evareium token value is bonded on the performance of the various Evareium investments, which are attached to an online digital interface founded on the blockchain.

Atlant

Atlant is a decentralized Ethereum-based platform that allows transparent and liquid trading of residential and commercial real estate. The project aims to open up the global real estate market to the masses through the tokenization of ownership. Atlant provides a tamper-proof system through which users can trade parcels of property and bypass intermediaries in rental deals.

SmartRE

SmartRE is a decentralized real estate tokenization platform that enables investors across the globe to invest in the US real estate sector. The project also helps homeowners to unlock capital from their homes without accruing debt.

 

Blockchain and BIM

By using Blockchain and BIM in tandem, along with other quickly advancing technology , there is an opportunity to create a leaner procurement method which better engages the individuals who make up a project team. This will result in reducing costs by removing intermediaries, where a client has more control and transparency of cost, time and scope on their project.

With block-chaining, the owner would have a project wallet. The project funds can be stored in this wallet which is used to pay everyone who works on the project. Payments can be tied to steps, so when one step of the project is completed and inspected the payment would automatically transfer to the appropriate person. It would streamline all payments and processing into the product delivery. And with payments tied directly to work, it would be hard to deny payment.

How Blockchain can bring fresh air into the Construction Industry

The process of blockchain and the construction industry would boil down to roughly four steps: project modelling, smart contracts, inspection, and delivery. The first step in creating a project is modelling. Project modelling would show what the final project will look like, and it sets forth a clear path of what needs to be accomplished. Once this is complete, the smart contracts could be drawn up.

Once contractors complete the steps required, they have to submit for evaluation. An inspector would inspect the work, as they do currently, and approve or deny the work. If the work has been approved funding would be released, and people would be paid. In a way, it helps carefully draw up any and all responsibilities. Since payments to contractors would be dependent upon the step, it would help establish liability and prove who needs to be paid.

Subcontractors or contractors would draw up a similar process for materials, slowly releasing funds. The first instalment would be for the receipt and agreement on supplies. Another payment could be made when the supplies are loaded into shipping. With final payment when the supplies make it to the site in working order.

Conclusion

Blockchain and the construction industry is a natural pairing since there are clear deliverables. By spreading the data out to several companies and computers, it makes all payments clear and helps hold different parties accountable. It also can create saved ids (identifications) which would help many subcontractors win more work. While block-chaining is new, it’s showing real progress, and newer iterations require less energy and are less intensive while keeping the same level of safety. It won’t be long until it’s used not just in construction, but healthcare, all finance, and more.

However the biggest disruption could be that large platforms evolve which cut out middlemen like brokers, banks and could lead to make the construction industry a small player. The transparency between land owner and people in need of living space or willing to buy flats could lead to the disruption of the construction sector.

 

Russia World Cup grows! 2 new fan platforms: fan360.io for real life, stryking.com for fantasy sports

According to FIFA, over 3 billion people tuned in the 2014 world cup, a billion of those watching the final game alone. The running event, the 21st in the row, taking place in Russia, will most likely surpass these numbers. While the tickets are limited, there are other ways in which fans can show their overwhelming support and dedication.

There are not many world events that are able to capture attention of half of the world’s population.

As we move towards more and more fragmented media landscape, where people have to actively choose where to invest their limited attention span, this fact becomes even more extraordinary.

Although the soccer World Cup is already the most popular sports event in the world, it is set to become even bigger. In 2026, the number of participating teams will see a bump from 32 to 48, extending the appeal and reach of this cultural phenomenon.

The effects of the World Cup on the hosting and participating countries are something of a miracle as well. From the reputation of the hosting country, to new infrastructure to the over-all feel good effect, the event is a rejuvenating force for the hosting nation. There are even rumours, that the hosting countries see a baby boom 9 months following the event! It seems that some fans really want the full experience.

As the teams battle for supremacy on the pitch, fans all over the world are facing a struggle of their own : how to get through the noise and get their voices heard and recognised. Juggling through a growing numbers of channels and media outlets, their passion gets dilluted, and their growing time investment goes un-noticed.

Fan360 – fan platform will reward activities of fans!

As it happens, the technology to solve this has been there all along, but it has taken an ingenious team to put it together in the right manner. Fan360 – a innovative platform, which consolidates all the news, updates and scores in one place, enables fans to engage directly and rewards them for their dedication. The upcoming blockchain foundation of the platform will reward the fans with tokens, which will then be exchanged for tangible rewards like event tickets, merchandising and even face to face meetings with the stars.

Fan360 is therefore a way, to give something back to the global community of fans, which now give away enormous amounts of energy and time. The reward system, which is the defining feature of Fan360, makes things fair and enables the never ending circle of “passion begets rewards begets more passion.”

This new approach, which already brought Fan360 over 130.000 active users on the mobile app exercising their joy and passion for the World cup, will also enable clubs and stars to engage more deeply and directly, recognising the true fans and tailor their experiences.

As sports become more interactive than ever, it’s clear that the modern sports fan doesn’t just want to watch. Sports fans want to participate, too. Fantasy sports challenge players to act as general managers of their teams, drafting lineups based on actual professional players.

Fan360 offers pre-sale at the moment details on their website: www.fan360.io

Telegram group: https://t.me/fan360

Twitter: https://twitter.com/Fan360net

Fan360 app in AppStore and Google Play!

 

Stryking – Taking Fantasy Sports To The Next Level

By using rich data, fantasy sports are much more than just a simulation game. By definition, fantasy sports use real-world data to determine the performance of the equivalent fantasy teams and players.

Football-Stars uses real-world match data from Opta to determine the strengths and weaknesses of each player and team after the match, turning the game into an engaging challenge for keen fans. In their game one can participate in “Challenges” based on the real players from the Champions League, Bundesliga and all major European leagues.

Fantasy sports is a billion-dollar global industry, and modern technology makes it possible to update fantasy sports platforms with real-world data quicker than ever. Players need to keep real-world performance in mind and stay up to date with matches to manage their team well.

Football-Stars is free-to-play, giving users instant access to the game with no upfront cost. However, some of the premium functions and content require payment to access. It gives football fans a fun and flexible way to engage with their favourite sport.

In Football-Stars, users can still play without purchasing or using any STRYKZ. Rather than replacing the current game model, STRYKZ will add new features by rewarding users with tokens for content creation, generation of in-game engagement, providing community services to enhance the user experience, and from their football knowledge and passion. The German Pay TV broadcaster Sportdigital has adopted the Football-Stars platform as a white label product.

 

 

Rebooting Blockchain – Forbes Austria interview with Robby Schwertner

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Interviewer and author: Dominik Meisinger of Forbes Austria (Thank you!)

Klick here to read the original article and interview on Forbes Austria (in German)

Dominik Meisinger asked “CryptoRobby” Robby Schwertner

What does the crypto scene look like after the hype? 

Dramatic. There is no other way to describe the crash of the bitcoin price. From nearly
$ 20,000 in mid-December to under $ 13,000 by the end of the year. One month later, even the $ 10,000 mark could not be longer. Below $ 9,000, then below $ 8,000 and finally under $ 7,000. Only then did the descent end – at just over $ 6,900; a loss of over 60 percent. Not a few hobby speculators may have been caught on the wrong foot.

Robby Schwertner, on the other hand, felt a sense of relief. “It cleaned the air, like a thunderstrom and swept away some stupid projects from the market” says the blockchain expert, who is also known as CryptoRobby, during an interview in the cafĂ© of the start-up center Wexelerate in Vienna, He was worried about the strong increase at the end of last year. “It was clear that it could not go on forever,” he says. The market has been overheated. From a longer-term point of view: a Bitcoin was still worth about seven times as much as a year before.

But what does the decline of Bitcoin and Co. mean for the development of cryptocurrencies? And what about the underlying blockchain technology that has been hailed by some as the biggest innovation since the internet? Has the bubble burst? The hype about cryptocurrencies had really started when the Bitcoin price in early 2017 started to move steadily upwards. The broad masses became aware, in the autumn the upward movement accelerated and towards the end of the year the course shot almost vertically upwards.

Robby himself first came into contact with the technology in 2014 during his job in research funding. He recognized the potential of the technology and began to get involved in the subject matter: “I’m intrigued by the topic and I read in until three o’clock in the morning to understand how Blockchain works.” A little more three years later, he is one of the most influential blockchain bloggers in German-speaking countries. His contributions to the LinkedIn career platform follow more than 30,000 people, he is a frequent speaker at conferences and advising companies who want to spend their own cryptocurrencies. He has since given up his job in research funding to devote himself entirely to the crypto world.

The crash on the crypto market has driven only a view blockchain enthusiasts from the scene, says CryptoRobby. Many – and that includes himself – are “in love” with technology. However, he has not lost his eye for the problems. “Blockchain databases are expensive and inefficient today,” says Robby. You have to increase speed, cut costs. These are therefore related to the currently high energy consumption. But that was high on computers in the 1960s and one could solve the problem technologically, is Robby basically optimistic. However, Blockchain is not only facing up to technological challenges: “So we have to tear down the fences in our heads,” he says. In many companies, younger employees have already recognised the potential, “but the older guard, who often takes the executive positions, needs a bit more time.”

Another topic: The legal situation

The legal situation regarding the issue of newly created cryptocurrencies via so-called Initial Coin Offerings (ICOs). According to Schwertner, Switzerland is one of the leading countries in the crypto scene, and Germany clearly lags behind, because regulation in Switzerland is less strict.

Austria was “somewhere in between”, says Robby A study by PwC Strategy cites the crypto ecosystem in Switzerland as a success factor; For example, universities would deal intensively with blockchain and create a talent pool. With the “Crypto Valley” in the city or the canton of Zug in Central Switzerland, a pivotal point of the crypto scene has become established. In the past two years alone, the number of companies organised in the Crypto Valley Association has risen from ten to 450, explains Daniel Diemers of PwC, one of the authors of the study.

The fall in Bitcoin & Co.’s share has not changed much: “The crypto landscape here continues to grow strongly and Switzerland remains one of the top five destinations in global competition,” says Diemers. It will be two or three difficult years for cryptocurrencies, because there is still fear in the market.

There were in 2017, according to icodata.io a total of 871 ICOs, in which together six billion US $ were taken. In 2018, the number is expected to increase again, as by May there were already 740 ICOs and US $ 4.5 billion, which were taken. Recently, however, the trend was down again: at $ 560 million, ICOs earned as little money in April as they had not done since last August. The peak in December was three times as high at just under $ 1.7 billion. “The market for ICOs was created in 2017, in principle,” says Daniel Diemers of PwC The strategy consultants had expected that the boom of the previous year would not be repeated to the same extent this year. This has been confirmed at least in the number of ICOs, which is also due to the increasing regulation.

Robby Schwertner also points out that some ICOs were postponed due to the turmoil on the crypto markets at the beginning of the year. Just as there are fewer IPOs on the stock markets when the market environment is unfavourable, even on the crypto market. In addition, ICOs are open for investors for a longer period. However, the market environment could still be difficult for some time:

“It will be two to three difficult years for crypto currencies, because there is still fear in the market”

says CryptoRobby.

He expects a broad sideways movement for this period, Bitcoin is expected to range in a band between $ 5,000 and $ 15,000. Also has changed, who invested in ICOs: Before the crash on the crypto market were mainly small investors, said Robby. Since people put 500 or € 1,000 into projects that they wanted to support. Meanwhile, it is increasingly larger investors such as family offices or owners of medium-sized companies. “The retail investors have burned their fingers, but larger investors see the current situation as an opportunity,” says CryptoRobby.

The market is no longer overheated. The big investors are professionals and would take a close look at the ICOs they invest in: “These people have an idea of their respective areas and they do not enjoy gambling.” Last September, CryptoRobby created the hashtag #ReturnOnSociety to push blockchain projects with a social benefit.

“This is a countermove to what happened in the past year,” says Robby, referring to the crypto-hype that also attracted lucky knights and cheats. The basic idea of blockchain had a revolutionary character.

In the first block of the Bitcoin blockchain in 2009, Bitcoin inventors Satoshi Nakamoto had hid a criticism of the policy of bank rescues with taxpayers money.

Lastly, the sociopolitical aspect was lost a bit:

“We have to remind people that we not just doing it for the sake of technology or even making it wealthier for some, but to improve society, “

says Robby. As an example he mentions the French start-up Peculium, which he advised at his ICO in December. The company has developed an artificial intelligence based cash investment system, even for smaller sums. Also in the field of green energy or in the health sector, according to the experts, there are examples.

“Blockchain technology has the potential, but you have to use it,” says CryptoRobby and is on a mission to bring the blockchain community back to its origins after the hype.

“That would not have been expressed clear enough,” says Schwertner. “I try to kick people´s asses so much that they don´t forget why we’re doing it.”

Follow Robby on Twitter for more: @CryptoRobby