Blockbase has sought to cater to the growing demands of cryptocurrency by providing mining as a service to clients

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|Oct 5|magazine3 min read

(Norwich, UK, 5/10/2018)

The 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, have turned our understanding of currency completely on its head.

Founder and CEO of crypto mining business, Blockbase, Vlado Stanic, has sought to provide crypto mining as a service and provide greater security to clients. Relocating to Sweden in 2017 in its bid to obtain access to reliable, low-cost source sustainable energy sources at scale, the business is close to finalising the construction of a second data centre, with a third currently in the planning.

“In my opinion, the cryptocurrency business is one of the biggest technological revolutions that we have seen in the past decade, as it gives the power back to the people,” he says.

“Everybody has power over their own money, effectively cutting out the middleman and a need for third parties. It's no surprise that Bitcoin was established after the financial crisis as people were fed up banks and how they work, how they treat your money and still make losses.

“Bitcoin is like gold and cryptomining is equal to gold mining. We are giving the network our cash rate, our computing power to secure the network and boost security”

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