Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com has appointed Stefan Rust to replace Roger Ver as CEO

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Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2.

Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said:

“I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for everybody as society undergoes such an enormous and pivotal change. It’s going to be a wild ride, so don’t miss it!”

Prior to becoming Bitcoin.com’s CEO, Rust served as the company’s Global Head of Corporate and Business Development. Rust is also the Chairman Emeritus of the Mobile Ecosystem Forum, while previously he served at tech giant Siemens, American telecoms equipment company Lucent and former manufacturer of computer workstations Sun Microsystems.

Ver, however, will not be completely gone, but will serve as Bitcoin.com’s executive chairman. The announcement does not clarify what duties this role will entail. 

In May, news broke that Australian computer scientist Craig Wright served Ver with a libel suit after Ver called Wright “a fraud and a liar” in a YouTube video. In late July, a Justice of the High Court of England and Wales dismissed the libel lawsuit against Ver as “the court has no jurisdiction to hear and determine the action.”


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Bitcoin.com has appointed Stefan Rust to replace Roger Ver as CEO

Austrian Steel Alukönigstahl Develops Blockchain-Based Steel Trading Database

Austrian Steel Alukönigstahl Develops Blockchain-Based Steel Trading Database

Alukönigstahl CEO Stefan Grüll is working on the business model for a blockchain-based steel trading database dubbed “STEEL but SMART”

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Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system, local media outlet industriemagazin.at reported on June 13.

Alukönigstahl CEO Stefan Grüll is working on the business model of a blockchain-based steel trading database dubbed “STEEL but SMART,” which targets traditional use cases. Within the framework of the project, Grüll reportedly founded a separate company called S1Seven GmbH that undertakes all blockchain-related activities.

Specifically, the system is set to provide stakeholders with clear data on steel products’ origin, account and industry standards, as well as information about product properties, processing, and deployment. As a result, the company intends to create a single source of complete documentation of the production history. Grüll said:

“Individual testimonials that are subject to statutory retention requirements and contain information on test and test results are linkable.“

However, Grüll noted that before launching the product, it is vital to form a consortium of stakeholders, steel manufacturers, plant builders, steel mills, and steel test equipment manufacturers in order to use a single „data structure based on certain standards.“ The blockchain-powered platform is expected to be rolled out at the end of the current year, with selected industry participants.

Blockchain technology has been gradually entering the supply chain sector, with many other stakeholders around the world having already integrated it into their internal processes. Earlier this week, precious metals streaming company Wheaton Precious Metals revealed that it will use blockchain to facilitate its metal accounting processes.

In late May, Swiss luxury watch and clock manufacturer Vacheron Constantin announced that it will start using blockchain technology to track its timepieces. Vacheron Constantin reportedly said that blockchain will help fight counterfeiters and guarantee authenticity of its watches, as well as protect potential customers from purchasing fakes.


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Alukönigstahl CEO Stefan Grüll is working on the business model for a blockchain-based steel trading database dubbed “STEEL but SMART”