Construction Magazine November 2018 | Page 122

BLOCKBASE

FOUNDER AND CEO , VLADO STANIC , DISCUSSES THE LONG-TERM GROWTH OF CRYPTO CURRENCY AND THE ADVANTAGES OF CRYPTO MINING IN THIS MONTH ’ S CONSTRUCTION GLOBAL

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T he financial sector is undergoing a significant transformation as it seeks to adapt and cater towards an evolving consumer market . As technology continues to reshape traditional ways of working , the emergence of digital cryptocurrencies , such as Bitcoin , Ethereum and Zcash , have turned our understanding of currency completely on its head .

Whilst the emergence of cryptocurrency exploded into mainstream media last year , leading to a number of established companies , founder and CEO of crypto mining business , Blockbase , Vlado Stanic , has sought to provide crypto mining as a service to clients since 2015 .
Sourcing and purchasing hardware and delivering greater security to clients , the business relocated to Sweden in 2017 in its bid to obtain access to reliable , low-cost source sustainable energy sources at scale . Close to finishing the construction of a second data centre , a third is currently being planned as the business continues to purchase and host miners at its data centres in Sweden .
“ The cryptocurrency technology is one of the biggest revolutions that we have seen in the past decade , as
NOVEMBER 2018