The Swiss blockchain industry, as well as the “Crypto Valley | Encryption Valley” in Zug in the Greater Zurich Area, has always attracted the attention of blockchain technology companies, scientific research institutions, investment companies, and industry talents in the industry.
Blockchain is a distributed shared ledger and database. This time, the Swiss Federal Economic Promotion Agency of the Greater Zurich Area contacted a very “distributed” investment company-Fenbushi Capital Vice President Zhou Bijun | Ms. Yuki Zhou, let’s talk about what kind of projects are good projects from the perspective of investors , The application differences between Chinese and foreign blockchain projects, blockchain companies “going to sea” and other topics.
01
Hi, Yuki, introduce yourself?
Y: I’m Zhou Bijun. You can call me Yuki. I’m the vice president of Fenbushi Capital. I have a bachelor’s degree in economics from Mannheim University in Germany. Probably because of his strong curiosity in personality, the thinking habit of exploring the essence of things that he cultivated under the influence of European soil in his youth, he paid more attention to the early and innovative frontier technology investment field, and he also firmly believed that technology drives the progress of human society. Positive values. I was very excited when I realized that blockchain technology as an important infrastructure of the “Internet of Value” is leading a new round of technological change, and I was fortunate to join the Fenbushi Capital family in 2018.
“Switzerland is one of the most encryption-friendly countries.”
Yuki Zhou Vice President Fenbushi Capital
02
What kind of support does Fenbushi Capital provide to blockchain companies?
Y: For the start-up team, what we bring is not only capital, but also years of global blockchain industry professional experience (Knowhow) and high-quality resources (Network), such as rich experience and influence accumulated in the industry A strong team of experts can provide support for the team from technology to commercial applications; the extensive strategic partnership network established with companies in various industries, academic groups and other institutions around the world helps to promote the business development of the team.
03
What kind of blockchain technology application do you value?
Y: We invest in the exploration of various blockchain applications around the world, and add to the track that has actual business breakthroughs, including finance, medical, Internet of Things, supply chain and other fields. I personally look forward to the development of innovative applications derived from the original ecology of the combination of blockchain technology and digital finance, such as BTC (digital gold) and ETH (public chain) in the early years, and Polkadot (cross-chain) and Filecoin (distributed storage), the encrypted digital currency that combines open source technology and token economic model is one of the unique and innovative applications in the financial field. The rise of the open finance Defi track has once again verified that the power of the open source community is accelerating the free growth of original ecological applications. The exploration of crypto geeks with sentiments and a sense of mission is constantly breaking through human universal values, which is very interesting and interesting. significance.
04
What are the main differences in the application of blockchain technology between Chinese companies and overseas companies?
Y: The positive value of blockchain technology and the enterprise-level application direction have basically reached a global consensus. It can be seen that each country’s government is actively formulating relevant policies to guide and support industry applications. It may only be on the landing schedule. The difference in succession.
05
For the growth of blockchain enterprises, what external environment is important?
Y: The country’s industry-related laws and policies, business environment, employment environment, and academic research institution support, including support policies for outstanding talents, entrepreneurial subsidies, visa support, tax incentives, etc., are able to attract top entrepreneurs and build a benign The basic elements of a circular entrepreneurial ecosystem.
06
What are the characteristics of the Swiss blockchain environment? Why is this a hot spot for blockchain development?
Y: Switzerland is one of the most friendly countries to encryption technology.
(Memorabilia of Blockchain in Zurich, Switzerland↓)
✔ In 2016, Zug in the Greater Zurich Area was the first government agency in the world to accept Bitcoin as an official payment method. Swissquote provides a bank with business accounts for cryptocurrency companies and provides crypto assets to customers For the products traded, the cantons of Schaffhausen and Zug in the Greater Zurich Area have begun to implement eID (electronic ID card) based on blockchain technology.
✔ The world’s first exchange products (ETPs) were issued on the Swiss Exchange in 2018.
✔ In 2019, the canton of Zug accepted BTC and ETH to pay taxes, and the Swiss Monetary Authority Finma approved the issuance of a digital currency banking license. Sygnum is one of them and has established good cooperation in Asia. Saphirstein is applying for approval and the Swiss bank UBS (UBS) and Credit Suisse (Credit Suisse) participated in the blockchain payment test.
✔ ETH Zurich has established a world-leading professional education in encryption technology, and has established a Blockchain Center in the university, with 22 professors supporting multidisciplinary research on blockchain.
✔The local technical research center of the Dfinity team in Switzerland is also jointly established with major universities.
✔ In September of this year, the Swiss State Council unanimously passed a new blockchain law, which allows the use of applications with cryptocurrency and blockchain technology, and incorporates cryptocurrency and blockchain technology into the mainstream. The new law passed this time will further promote the development of the cryptocurrency industry. The blockchain and cryptocurrency industry and decentralized finance are expected to gain large-scale promotion in Switzerland.
07
What is the significance of the Crypto Valley in Zug in Greater Zurich for the application of blockchain technology?
Y: The United States has the famous Silicon Valley, and Zug in Switzerland has the Crypto Valley. Thanks to the government’s support and guidance, advanced laws, competitive employment rate, low tax environment and other advantages, it has attracted many The blockchain startup team has landed here, and currently has more than 900 blockchain companies with more than 4,700 employees.
The Crypto Valley conference is held here every year, gathering global industry experts to discuss the latest developments and trends of the blockchain, and providing guidance on the application direction of the start-up team, which is of great significance to promoting the development of the industry.
08
What can Chinese blockchain companies learn from foreign blockchain companies?
Y: In the early years, overseas teams have made more explorations in the implementation path and application direction of blockchain technology, accumulated and accumulated, and have more technical engineer resources, but the Chinese team has also performed very well in recent years. The Chinese team has inherited the fine genes of traditional Chinese Confucianism, Buddhism and Taoism culture, upholds the spirit of perseverance and courage, and has a global vision and structure. It has been widely recognized internationally. For example, the Chinese team Vechain (Vechain) It’s a classic. We believe that the industry is still in its early stages, and the blockchain world is borderless, and it is a human historical mission that requires global efforts.
09
What kind of blockchain company is suitable for “going overseas” development?
Y: The most interesting and ultimate global consensus in the blockchain world is “the world is unified”. While the European and American teams are cooperating with the Asian team markets, most Chinese teams with a global vision and pattern have already or will soon establish teams or cooperate overseas. Can be expected.
Thank you very much Yuki for sharing with us valuable blockchain projects from the perspective of investors, the development of blockchain companies, the Swiss blockchain environment, and the introduction of Fenbushi Capital.
