Scytel Ventures invests in the blockchain.
Courtesy of Skytel
Cryptocurrency and blockchain have been inching closer to the mainstream, with Mastercard
announcing they’ll accept tokens such as Bitcoin across their networks in the U.S., while Aura Blockchain Consortium, a platform for LVMH, Prada Group
and Richemont, among others, has thrust blockchain technology into the spotlight.
While more people are becoming aware of Bitcoin, not everyone understands blockchain technology and what it can do, said Mark Cachia CEO of Vienna-based Scytale Ventures, which has been investing in the technology and believes in a Web 3 vision that includes a decentralized, verifiable and more secure Internet enabled by blockchain technology.
“Right now, it’s very fragmented,” Cachia said. “What does it mean to have a self-sovereign thing living on the Internet with no particular jurisdiction and no employees? Governments don’t know how to deal with it yet.
“As more useful and