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Alternative Market Briefing

Opalesque Video: Coinweb to help businesses that want to use blockchain

Wednesday, April 11, 2018

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Lexi Willets
Benedicte Gravrand, Opalesque Geneva:

The blockchain technology, which is almost impossible to hack, can and probably will change the way you run your business. The Economist lists five blockchain applications that businesses can use now. One application, Smart Contracts, would lower the cost of many financial transactions. Another would allow you to make use of excess hard drive space with Cloud Storage. Then there is supply-chain communications and proof-of-provenance, for digitally permanent records of products. And the application to pay remote employees and contractors. And lastly, electronic voting.

Coinweb, a blockchain technology platform designed for everyone who wants to use any of the existing cryptocurrencies, is adding a focus - through an incubation platform - on existing businesses that have a genuine need to make use of blockchain and want to raise money to support that. The platform is described as "a plug and play solution and capital raising services for existing businesses who want to expand into the blockchain."

Co-founder Toby Gilbert, who runs the incubation platform, says he does not want to get involved in cryptocurrency speculation. To him, it is clear that the blockchain is here to stay, "with all of it......................

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