What will the future bring?
The rooms of Sirius Minds at the 4th CrowdCamp of the European Crowdfunding Network (ECN) were occupied to the last seat. This year the focus was on the effects of blockchain technology on alternative forms of financing and thus also on crowdfunding.
The last panel, moderated by Sanja Ugrčić, Access to Finance Specialist at Cardno Emerging Markets Ltd, focused on the technical challenges. Dr. Veljko Petrović, Chief Research Officer of Real Market, recalls the beginnings of the Internet and believes that blockchain technology can have a similar revolution. But a lot of trust still needs to be built to complete the transformation.
“The Fintech industry shows how this can work“, says Blockchain pioneer Meinhard Benn. Payment systems like his company SatoshiPay are based on technologies that were conceived in the Internet age and are therefore much safer than online payments by technologically outdated credit cards or house banks.
SatoshiPay is developing a two-way payment platform, which enables online content providers to monetise their digital content through the acceptance of nanopayments. Blue Star Capital Plc (LON:BLU)is an investing company with a focus on new technologies, their investments include a 29.4% holding in SatoshiPay.