Category: Blockchain

Since the environment we buy our products from has become ever more global, it has become more and more difficult to keep track of where and these products are made, and if they’ve been manufactured in a way that adheres to our principles. Now, however, a new Swedish blockchain company looks set to change all that.

PaperTale is a new venture in which you’re able to trace a product from its inception using the blockchain, and it brings with it lots of new possibilities.

Let’s say you’re looking at a table, but you’re curious as to the worker’s living standards where it was made, and wish to see if they were paid a fair wage. You can scan the product with your smartphone, and check to see if the employee’s who made the table receive salaries fit for the acceptable living standards in their country.

Or perhaps you want to get verified information about the table’s supply chain and its environmental impact? Again, just scan the product with your phone and the information will be relayed to you on the screen. Using PaperTale, consumers can be much more ethical with their purchases, choosing products that benefit the workers or the environment most.

This traceability is made a reality through PaperTale by way of special protocols built on the blockchain. These enable you to see detailed facets regarding the methods and ethics used to produce the item. On top of that, through PaperTale and your smartphone, it’s possible to send tips directly to the worker who made your products, and have it verified so you can be assured your money has gone to the right people.

PaperTale has been two years in the making, and is finally ready to make its mark on the world. They already have a proof of concept, through the way of a textile company in Pakistan, where all of their new clothes are manufactured using this technology in mind. The tech isn’t limited to textiles though, with PaperTale the possibilities are almost endless.

If you’re one of the many people concerned about workers’ rights and the environment and want to ensure that what you buy is ethical and complements your principles, PaperTale is the technology that will get you where you want to be. To show your support, their crowdfunding campaign is about to go underway on Kickstarter on 13th November, where you’ll have the chance to be the first to use the new technology.

Support worker’s rights by showing your support for PaperTale.

The world’s first and only cryptocurrency exchange with the Any2Any technology has successfully completed beta testing of the third version of the quantum trading core with a built-in liquidity flow that will completely change the notion of exchange trading.

Surprisingly, all modern exchanges, like hundreds of years ago, still use fixed trading pairs, which are in no way connected at the level of the trading core and the order matching system. Each orderbook only contains orders placed in a specific pair. Although hundreds of cryptocurrencies have emerged, you won’t be able to directly exchange one for another on an exchange, where prices are set by the users themselves – you will need to change it first into one of two or three “base currencies” supported by the exchange, and then transfer it to another, or use the services of exchangers, arbitrageurs, thus having to pay increased fees.

The result of three years of development by the 50x.com team was an innovative trading core based on cloud technology and quantum principles for combining orders: although the concepts of a trading pair are preserved at the user level and the interface is completely identical to a regular exchange, all orders inside the core exist in a single space and do not have a firm connection between a seller and a buyer, combining the maximum number of orders in all trading assets simultaneously.

According to the developers themselves, it is impossible to confidently predict the progress of execution after another order has been added, since any new order adds liquidity to a part of the system, thereby changing its state and topology. The same effect is observed in quantum physics, where the presence of an observer changes the results of an experiment. Users only benefit from this, as the system often finds more profitable options while executing another order.

The benefits of using the new Any2Any technology are immediately visible: one order in a trading pair immediately creates the same liquidity in all trading pairs containing this token. That is, one user can place an order to buy DASH for Bitcoins, while all others get the opportunity to sell DASH for any of the currencies listed on the exchange.

The old separated “markets” technology incessantly bumped into traditional problems that were noticeable even on national stock exchanges, i.e. a lack of liquidity in most instruments and its concentration in “blue chips”, which led to a decrease in trading opportunities. Cross-rate trading with more often observable strong movements on which one can quickly earn money, was reserved for advanced arbitrageurs boasting their own trading robots. There were also infrastructural restrictions, making it economically impossible to support a large number of orderbooks.

The 50x.com exchange offers a completely different approach to trading, where hundreds and thousands of cross-rates are available to every user right in the terminal. Thanks to the Any2Any liquidity overflow technology, you can choose any pair from the assets available on the exchange and trade in it. Whereas, orders placed, for example, in the DASH/QTUM orderbook, will automatically appear in all other DASH/* */DASH and QTUM/* */ QTUM orderbooks. And this will lead to the fact that even the most exotic orderbook will collect the entire liquidity for the coins of this trading pair.

How does it benefit trading?

The first and obvious benefit is the possibility of direct trading between coins, without paying double commissions. If you want to switch from DASH to QTUM, you simply place an order in an orderbook of DASH/QTUM. This is much faster than selling DASH first and then buying QTUM. And most importantly, you only make 1 order, and, therefore, pay the trading commission only once.

The second advantage is the ability to view orderbooks/charts in exotic pairs and, accordingly, a huge number of new trading tools, whose rates often go in wider channels than the main instruments. That means they have a greater profit potential.

The third advantage is a multiple increase in liquidity for each coin. Since the entire liquidity of the exchange is summed up across the coins, no matter what pair the orders are in, the liquidity will be available in other pairs as well. This makes manipulating rates much more difficult.

How is this possible?

The fact is that the 50x.com exchange has developed a trading core of a unique architecture that operates with entire transaction graphs, rather than with single orders. This allows you to reduce hundreds and thousands of cross-orders in different currencies within one transaction and create cross-orders.

Why is there no such thing on other exchanges?

The architecture of the Any2Any core is fundamentally different from standard trading cores and required numerous innovative solutions during its creation. Regular exchanges cannot switch to Any to Any technology without completely changing the very basis – the trading core.

Other major exchanges have also attempted to create Any2Any technology, but only one development team has managed to create a truly working product today.

You can try trading with the new technology at 50x.com now – no KYC required.

CEDEX Holdings Limited (“CEDEX”) and U2 Diamonds (“U2”) have entered into a joint venture to support issuers that are looking to issue the first diamond ETF. 

CEDEX is a global, digital diamond exchange, focused on transforming diamonds into a new financial asset class. CEDEX developed a unique proprietary technology called the DEX, and combined with blockchain, provides a diamond spot price feed and gives investors the ability to trade in individual diamonds as a financial asset.

U2, through its subsidiary U2 Diamond Prices, is regulated in the UK by the FCA as an EU Benchmark Administrator.  U2 uses prices from arms’ length transactions in the wholesale diamond market to publish investable diamond indices that can be used to link to financial products.

The joint venture creates clarity and certainty to the market by providing price point transparency and combining DEX technology with the FCA regulated indices of U2. This breakthrough in regulatory approval for financial diamond indices, alongside CEDEX’s technology, will allow institutions to generate financial contracts and instruments with appropriately-priced underlying assets linked to them – making a diamond ETF achievable. With only 1% of the current value of the diamond market being used for financial investment, the JV creates the opportunity to develop diamond linked products as a non-correlated alternative asset class for investment and preservation of wealth similar to the way precious metals are used as a safe haven by investors.

In addition, the joint venture will undertake the following:

• Marketing of polished diamond indices to ETF and Future issuers.
• Enhance the Advanced Diamond Index accuracy based on the CEDEX proprietary algorithm DEX price feed.
• Will jointly promote and market advanced diamond Indices to market participants.

Eventually, CEDEX plans to build a complete and regulated ecosystem that digitalizes diamonds as financial assets accessible to the global financial market.

Saar Levi, CEDEX CEO, said:

“This is a unique and exciting opportunity for CEDEX. The partnership with U2 Diamonds unlocks an exciting new development, not only for the diamond market, but for the global financial market as a whole. An FCA-regulated diamond index coupled with the DEX creates the infrastructure for a new financial asset class. This infrastructure with the increased security and efficiency the blockchain offers, will not only allow diamond holders to liquidate their assets at a fair price thanks to CEDEX’s price feed, but financial institutions will be able to trade diamonds at low carry cost and with a diversified risk profile that matches their trading strategies.

“We have connected to diamond suppliers and listed already over $100 million worth of diamonds on our platform. We are currently in talks with tier 1 & 2 ETF and Futures Issuers, Index Providers, Market Makers, Authorized Participants (APs), banks, exchanges and other financial institutions.”

Bitstamp, Europe’s largest cryptocurrency exchange, and BCB Group, one of the world’s leading global digital asset prime brokers, today announced a new partnership that will enable investors from the UK to transfer GBP directly to and from their Bitstamp accounts.

Through this partnership, Bitstamp will be able to support deposits and withdrawals directly in GBP, providing increased efficiency and reduced costs for clients. The new GBP service will be available to Bitstamp’s customers by the end of the year.

Oliver von Landsberg-Sadie, Founder & CEO of BCB Group, said: “We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK investors wishing to deposit and withdraw funds in GBP. We value this partnership not only because it enables UK clients to transact with Bitstamp onshore, rather than having to send funds offshore, but also because it furthers our mission to provide seamless prime services infrastructure covering compliance, trade execution and settlement and custody for clients wishing to access cryptocurrencies.”

BCB Group’s range of solutions has been developed to cater to the needs of exchanges, institutions and high net worth clients seeking OTC best execution for their own accounts and who wish to offer cryptocurrency products and services to their own clients.

Bitstamp, which is the world’s longest-standing crypto exchange and widely regarded as a pioneer in the industry, has placed an emphasis on reliable and secure service ever since it opened its doors in 2011. “This is a great fit,” said Nejc Kodrič, Bitstamp CEO. “One of our points of emphasis is providing robust payment rails to our global customer base. We’re excited to have BCB Group provide an additional boost to our efforts on that front.”

Bitstamp, which will soon be celebrating 8 years of continuous operations, has had a busy year so far, launching a new mobile app and webpage redesign, reaching a number of new partnerships and ramping up the exchange’s presence in the US by obtaining a BitLicense and making strategic hires.

Many governments certainly seem to be fearful of digital currencies. Just this month, President Trump tweeted his dislike of Bitcoin and Facebook’s new Libra coin. Of course, many commentators are quick to point out that governments worry about them because their currencies have the most to lose from them. However, as far as consumers and coin buyers are concerned, there are many reasons they have to be thankful for them, providing useful, low-cost solutions for all of society.

One such cryptocurrency that is offering a valuable use case for everyone is PopUp Coin. The coin will pave the way for consumers to be able to pay for their lifestyle while enjoying time at their favourite entertainment venues, such as dining in a nice restaurant or buying the latest products they have their eyes on.

It has the advantage of allowing consumers to purchase goods more easily, and for a cheaper price, without retailers needing to offer discounts on their products to capture sales, which results in adverse impacts on both their profit margins and the value of their brand.

PopUp Coins benefit the consumer by the stable growth that holding them provides. To give an example, if a PopUp Coin holder spots a new pair of sneakers they want to buy at the beginning of the week for £100 or 100 PopUp Coins, the coin’s stable growth sees the price of the coins increase daily due to the coins limited pool and its growth on exchanges, so by the end of the week the price of each PopUp Coin is £1.25. This means they are effectively spending £75 on their sneakers, with £25 left to either spend on whatever they choose, or hold onto for further gains.

The advantage for the retailer is not having to discount their products, so they also gain the profits they desire – it’s a win-win for both sides. They can either convert the coins to fiat for minimal cost or decide to hold the coins and take advantage of their increasing value. In addition, the retailer benefits from transaction processing fees being significantly reduced, and the chance of fraud being eliminated, with zero chance of chargebacks from customers.

For consumers, as well as obtaining products for a cheaper price, they can enjoy zero foreign-exchange fees for any payments overseas, plus take advantage of consumer loyalty programs and profit from the growth of their coin investment.

PopUp Coin’s vision is to provide both retailers and consumers with considerable upsides, saving them money and making their lives much easier. Their growing list of collaborations with merchant acquirers and retailers is testament to the potential the coin holds. We look forward to seeing this coin blossom, and for further details and technical information, you can check out more by visiting their website: www.popup.money

Stratis Group Ltd, the enterprise-grade blockchain development platform has announced the launch of Cirrus Sidechain Masternodes and Stratis Smart Contracts in C#, making Stratis the world’s first blockchain to offer businesses and developers the ability to execute Smart Contracts on the Microsoft .NET core architecture.

The launch of the Cirrus Sidechain – a blockchain pegged to the Stratis mainchain – extends functionality for businesses operating on the Stratis platform. This includes the first Smart Contracts platform built entirely from the ground up in native C# on Microsoft’s .NET framework, the most popular enterprise programming language on the most widely-used enterprise framework.

Today’s full production release follows a successful two-week community testing phase during which Masternode Operators were able to familiarise themselves with operating a Sidechain Masternode and interacting with the Cirrus Sidechain.

With Stratis Smart Contracts in C#, businesses no longer need to create a completely new blockchain for every new decentralised application, but instead can develop a set of smart contacts in a programming language they understand and deploy them on one underlying general-purpose blockchain. This opens up a wide range of enterprise use cases, from tokens and lending platforms to provenance and self-sovereign identity solutions.

“At Stratis, we are committed to making it easy for businesses to adopt blockchain solutions for real-world use cases. Now, for the first time, enterprises and developers are able to build private blockchains and programme Smart Contracts in their familiar C# language”, said Chris Trew, Founder and CEO of Stratis. “We see this being of particular benefit to large enterprises, financial services companies as well as government organisations whose systems operate within Microsoft’s .NET framework as our solution is designed to minimise any incompatibility issues which may arise from blockchains and Smart Contracts being built in other computer languages”,  he added.

C# is a general-purpose language estimated to be used by 6.7 million developers (SlashData, 2019). It was originally developed by Microsoft within .NET, its development platform for building apps for web, Windows, Windows Phone, Windows Server and Microsoft Azure. Stratis is a certified Microsoft partner and, since last year has been an accredited Microsoft Independent Software Vendor (ISV) listed on the Azure Marketplace, Microsoft’s online store providing applications and services to over 100 million active users.

The Cirrus Sidechain has been developed in order to prevent bloating of the main Stratis network and facilitate a high level of scalability. The Masternodes will operate on the Cirrus Sidechain using a Proof-of-Authority consensus algorithm, thereby enhancing security by adding accountability while also reducing the workload and energy consumption required for Masternodes to maintain the blockchain. In addition to the existing Stratis Core wallet, which has been updated to offer end-users the ability to perform cross-chain transfers, a new Cirrus Core wallet has been launched. This will be used by end-users to manage their sidechain tokens, interact with and deploy Smart Contracts, manage tokens via token issuance contracts and perform transfers back to the mainchain. There will be more than one million STRAT locked up in collateral by the participating Sidechain Masternodes, increasing the scarcity and bringing further value to the Stratis Token.

“Cirrus Sidechains will allow us to scale up the Stratis platform as we add functionality and deploy sidechains with use-case specific modifications, such as block time and block size. We are excited to welcome new developers and work alongside new businesses, and provide them with unprecedented access to develop blockchain solutions on an industry-leading platform”, said Gustav Stieger, Senior Developer at Stratis. “It will now be easier, cheaper and faster for developers to build DLT and Smart Contract functions bespoke to their business needs”, Gustav concluded.

On Tuesday night, the City of Berkeley took a big step forward in its plan to issue Blockchain based municipal bonds. The long-awaited BlockChain Community Microbond Initiative will now proceed via a Request For Information which will invite the industry to put forth qualified proposals. First introduced by District 3 Councilmember Ben Bartlett, the Microbond Initiative aims to see the city issue bonds as low as $25 directly to community members to invest in public projects.

Although cities have long issued municipal bonds, the $3.7 trillion municipal bond market lacks transparency and involves a slew of fee-collecting middle men, and are often priced out of reach for normal Americans. In lieu of a banking intermediary, Berkeley’s microbonds will be issued directly to investors, thus removing unknown middlemen and lowering prices.

Microbonds are low-cost, interest-bearing instruments, designed to be affordable. Bartlett hopes that Microbonds can be an antidote to extreme wealth concentration, by creating investment opportunities for historically marginalized populations.

“Right now, a staggering 43 percent of Americans are poor or low-income,” Councilmember Bartlett said. “This is because capital is bound up in too few hands. Blockchain Microbonds might offer a way to expand the pie for ordinary people and help short term consumers, become long term investors.”

Cutting costs and removing middlemen allows the City to increase flexibility in the targeting of projects. Combining civic crowdfunding with municipal microbonds secured by a blockchain-based system can democratize capital markets by creating a vehicle for community members to directly invest in their communities.

According to Kevin Dayton, president of the California-based Labor Issues Solutions, one of the advantages of microbonds is that they’re issued in “tiny denominations,” making them accessible for anyone. Bartlett added that because the community can choose to fund different local scale projects, such as parks, public art, and affordable housing, it opens the doors to “community-powered finance.”

While microbonds bring down the traditional barriers for investing in municipal bonds, the blockchain component of the Community Microbond Initiative ensures that consumer information is secure with an automated digital ledger to keep track of transactions, and resistant to concentrated attacks and failures. And the irrevocable nature of the transactions increase the accuracy of records.

“Because of the blockchain technology, [the bonds are] going straight to the consumer,” Bartlett said. “There’s real-time transparency with where it’s going and who possesses it, and payments made in a variety of frequencies.”

Bartlett added that the blockchain technology can dramatically lower the cost to issue, obtain, and administer bonds by “streamlining and automating” transactional processes. He sees the Initiative as a potential template for municipalities similar to Berkeley who seek to empower communities. Bartlett believes that is our civic responsibility to ensure that everyone can invest in their community and share in the upside. “The revolution needs a coin.”

The Swiss Blockchain Hackathon, led by six of Switzerland’s leading blockchain and ICT institutions, took place over the weekend at Zurich’s Trust Square blockchain hub. The three-day event was attended by over 200 participants from almost 20 different countries around the world. The organizers presented hackathon participants with real-world challenges in diverse verticals, with help from major corporations, top-tier academic institutions, and Amazon Web Services.

The Swiss Blockchain Hackathon took place from 21 to 23 June and had over 200 hackers in 41 teams from around the world. The event was jointly hosted and organized by Trust Square, CV Labs, Crypto Valley Association, Swiss Blockchain Federation, Bitcoin Association Switzerland, and Swiss ICT. The participating hackers solved real-life challenges in six different verticals: eGovernment, Agriculture & Food, Mobility, Finance, Supply Chain, and Intelligent Parcel.

At the opening ceremony Carmen Walker Späh, President of the Government Council of the Canton of Zurich, stated “Personally, I am convinced that blockchain has what it takes to become the next big development step of digitalization,” and she continued “Together with partners from politics, industry and academia, I am committed to creating legal certainty, favorable general conditions and a broadly supported ecosystem. So that Zurich and Switzerland can maintain the positions of internationally competitive blockchain locations.“

The hackers each had a chance to win multiple, exciting prizes, equaling up to more than CHF 200,000. Hackers won everything from crypto bags filled with essentials for anyone interested in blockchain technology to the big Entrepreneurial Prize, where one team won the chance to fast track their startup idea at the CVLabs Incubator. The submitted projects where so convincing that the jury decided to bring two projects in front of the audience for the final decision – it remained a draw and it was decided to split the CHF 25,000 main prize between the two projects from Team Axelra and Team Blockbyte. The list of every winner is on the next page.

The teams worked diligently throughout the Swiss Blockchain Hackathon, staying up until the early hours of the morning working on the challenges presented to them in their verticals. Coaches were on-site throughout the event to help the teams with any hard-pressed issues they faced. The vertical coaches, volunteers from partner organizations were there to help each team out about their concerns in the contents of each vertical. Platform coaches represented technical partners like Amazon Web Services to help each team out with any technical question or need. 

Overall, The Swiss Blockchain Hackathon was a great success and the event showcased the vast talent within the local and worldwide blockchain community thanks to the vigorous work from each single participant.

You can see pictures and videos of the first Swiss Blockchain Hackathon at http://hackathon.trustsquare.ch

Crypto Valley Week Media Roundtable

Marc Degen, co-initiator of the #SBHACK19 will be present at the Crypto Valley Week Media Roundtable on 25 June 2019, from 12.00-13.30hrs at the Casino in Zug.

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Winner Overview:

 Agriculture & Food:

Co-Overall winner: Team Blockbyte led by Mike Schälchli, for the Lend-it solution, where you can offer and lease land in trusted way.

Mobility:

Co-Overall winner: Team Axelra led by Severin Wullschleger, for #velove, an app that awards crypto currency rewards for biking to work and reducing your personal CO₂ offset.

 eGovernment:

Team ETH led by Burak Seyid, for Petizio, an app that lets you safely create and sign petitions.

Finance:

Team Kuznyechik led by Anton Permenev, with their project on crowd valuation of assets that have no financial history!

Supply Chain:

Team Elastonians led by Adem Bilican, for peer-to-peer traceability solution.

Intelligent Parcel:

Team OSB led by Joao Aguiam, for the close range package delivery service Padely.

AWS Special Prizes

1^st: Agrofood led by Oliver Gaede (Agriculture & Food)

2^nd: Orvium led Antonio Romero Marin (Intelligent Parcel)

3^rd: Traceauth led by Trevor Oakley (Intelligent Parcel)

Swiss Blockchain Hackathon At A Glance

 Date: 21 – 23 June 2019

Location: Trust Square, Bahnhofstrasse 3, 8001 Zurich, Switzerland, and surrounding locations

Total Countries: 19

Austria, Egypt. Estonia. France, Germany, India, Israel, Liechtenstein, Poland, Portugal, Russia, South Africa, Spain, Switzerland, Tunisia, UAE, UK, Ukraine, USA

Teams: 41

Hackers: 203

Verticals: 6

Coaches: 57

Slack Messages: 6211

Organizing partners

Trust Square, Bitcoin Association Switzerland, CV Labs, Crypto Valley Association, Swiss Blockchain Federation, Swiss ICT

Vertical partners

Accenture, Agroscope, Canton of Zurich, Die Post, SDX, ZVV

Platform and Service partners

Amazon Web Services, Amanox Solutions, Blockfactory, Cardano, PwC, Andibefree, Avado, Tecflower, certification, bitConsultant, Froriep, Felfel, Intellica, Tezos, Shift, Kilt

Academic partners

Universität Basel, Universität St. Gallen, Universität Zürich, HSR Hochschule für Technik

Rapperswil, Frankfurt School Blockchain Center, Hochschule Luzern, ETH Zurich, b2lab at ETH Zurich, ZHAW School of Management and Law

Supporting partners

ARC, Blocksport, Cargolux, Dezentrum, GS1, i.AM, Mobility, Modum, MS Direct, Procivis, Panalpina, Q_Perior, Proxeus, Smart Containers, Sigma Ledger, Sygnum, Verum Capital, Smiling Gecko, myclimate, Lipton, Pepsi Max, Orangina, Webtiser

Media and Communication partners
MoneyToday, Farner, BerChain, SICTIC, Mama, SWI

Zichain launches B2B crypto-fiat processing service and offers clients around the world an opportunity to join the global trend for crypto adoption.

The B2B crypto-fiat gateway  is available for customers from 180 countries and supports transactions with several currencies: EUR, USD, GBP, RUB. The unique difference of the platform is the ability not only to buy, but also to sell cryptocurrencies, withdrawing them to cards. It also offers an industry-leading set of features coupled with an extremely competitive fee structure – the best of known conditions on market.

This latest addition to the company’s ever-growing product range make it easy for any business to provide its clients an easy, automated, fast and hassle-free way to buy cryptocurrencies – a key advantage in the eyes of many customers.

Zichain’s B2B platform is a unique market offer, customized for each client. It offers customers a convenient way to process clients’ payments (including crypto purchases made with credit and debit cards) and to completely automate all crypto transactions. The gateway API is easy to implement into any website and the client’s buying experience is quick and intuitive.

The company expects its new product to be used by a wide range of businesses –  both as those projects that have their own internal token and whose customers need an easy way to purchase, as well those that provide information resources and interested in monetizing their traffic.

Members of Zichain team are distributed over different countries around the world and spent the last year bolstering its positions in a number of different regions. The core market for providing company`s services is Europe – where Zichain has received financial institution licensing from Estonian regulators in March 2018. In Switzerland, company actively supports blockchain-related research and education projects. The company has also built strong partnerships with leaders of Asian market –  second most important vector of expansion after Europe.

Thus, according to its mission, Zichain has created two different directions for two types of clients: Cryptoeye – platform for retail investors  and Zichange – B2B crypto-fiat processing service for institutional market participants.

Zichain CEO, Mr. Khachatur Gukasyan, said:

“As a business with a truly global presence, we have made it our goal to make the new crypto-fiat gateway available to users worldwide. And I am proud to say that we have delivered on this promise – our product can be used by businesses and individuals in more than 180 countries”.

About Zichain. Adhering to the principle of creating an ecosystem of products rather than narrow standalone tools, Zichain offers a range of interconnected solutions making it a new type of financial institution, ready for the upcoming era of the digital economy. The company creates a unique high-quality crypto platform accessible to both retail and institutional investors.

For further information, please, contact: media@zichain.io

The co-creator of PricewaterhouseCooper (PwC) Switzerland’s Blockchain initiative is joining the Tezos Foundation in Zug as Chief Financial Officer and Head of Operations. With Schnider, the Tezos Foundation Board strengthens its operations team in Zug with an experienced investment banking and assurance specialist.

Roman Schnider, Assurance Director of PwC Switzerland will take on the role of Chief Financial Officer and Head of Operations of the Tezos Foundation beginning summer of 2019. 

Roman Schnider joins the Tezos Foundation after nearly 15 years at PwC where he worked in various roles around the world with a special focus on investment banking.  Most notably, in 2016, he launched the department for blockchain and cryptocurrency assurance at PwC Switzerland.

Schnider is especially familiar with the Tezos protocol and Foundation due to PwC’s role as auditor of the finance and business operations over the last year. The Tezos Foundation is the first major blockchain project to work with one of the “Big Four” as their statutory auditor.

“I sincerely look forward to joining the Tezos Foundation” says Schnider. “Together, we will work to serve and support the Tezos community in the most effective, efficient and transparent way possible.”  

Schnider is superseding Eelco Fiole as CFO. “We want to thank Eelco for his contribution to the development of the Foundation and wish him all the best” says Ryan Jesperson, President of the Tezos Foundation.

“As the Foundation continues to provide resources to a growing Tezos ecosystem, the CFO and operations lead will be critical to our success,” notes Jesperson. “Roman’s experience makes him the ideal finance and operations specialist for our team. He is already familiar with the opportunities and challenges blockchain projects face and has a deep understanding of the Tezos Foundation from his time at PwC.”