Innovation Report

Thomas Brenzikofer

Thomas Brenzikofer

Director DayOne Initiative, Senior Project Manager ICT, Public Relations


Tel. +41 61 295 50 16

thomas.notexisting@nodomain.combrenzikofer@baselarea.notexisting@nodomain.comswiss
report ICT

09.05.2018

Crypto community discusses blockchain in Basel

The University of Basel recently hosted a blockchain symposium. Alongside students, the event was attended by representatives from the Swiss crypto community and businesses in north-western Switzerland.

The disruptive impact of blockchain in practice was discussed during the symposium on 30 April. An article by MoneyToday mentions that the University of Basel invited a broad spectrum of attendees to the event for this purpose. They focussed on the question of whether established companies are failing to seize opportunities for using disruptive technologies on account of their position of market leadership, “the innovator’s dilemma”.

First, the Swiss bitcoin core developer Jonas Schnelli explained that the differences between the virtual currency of bitcoin and bank statements or online bank balances are not as great as one might assume. Other speakers highlighted the advantages of blockchain for the finance sector. However, the application possibilities of this technologies go further still, as was demonstrated by Marc Bettinger in his talk. He is a consultant at Smart Containers, which has developed a Smart Container System for logistics that is based on blockchain.

For Basel, the symposium has very special significance, as the article says: A first important step to bridge the gap between the promises of blockchain and the established businesses in and around this city on the Rhine was undoubtedly taken with this successful symposium.

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