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/ Blockchain Community x Factory

Banking On Trust

May 07, 2018
/ Blockchain Community x Factory

Banking On Trust

May 07, 2018

Some of the core values we operate on here at Factory Berlin are trust, transparency, and innovation. Blockchain emulates all of these things and more. A space has been created, where value can be transferred without borders or limitations, and most of all it has redefined trust. The most paramount aspect of Blockchain is most certainly its community. Through its cutting out of the middleman, strict rules, and access to open source, the blockchain community has created a world where it can only prosper through the extraordinary collaboration of those within it. Perhaps this is why there is a certain intimacy and enthusiasm for the topic with all those who affiliate with it.

It is through these values that subgroups within our vast community form. Factory only functions as an ecosystem due to the variety of people within it. People with varied interests and fields of expertise come together in order to learn from, and fuel one another. The Factory community is home to various groups such as the women’s circle, the writer’s circle and of course, the blockchain circle.

Their circle has regular meetings where they discuss all the changes brought about by various blockchain technologies, reflect on projects they are working on, and help each other with feedback and future initiatives. We recently put the spotlight on the work and initiative of few members within the circle. Silvan Jongerius, Daud Zulfacar and David Klemm. Silvan is the founder of TechGDPR and represents DLT Labs in Europe, and he does not doubt that blockchain will soon become normalized in various industries. Daud is one of the founders of license.rocks, and finds ongoing inspiration from the diversity within the blockchain circle. Finally, we have David, an entrepreneur, and finance expert who is a big believer that blockchain technologies will fundamentally change the way entrepreneurs work – from building organizations to financing startups.

Their circle is more than just a discussion group. Having so many talented people in one space has incredible advantages. The main advantage being the potential for collaboration. There have been numerous projects born within the blockchain circle. However, two stand out in particular when highlighting the immense budding prosperity that comes out of community and teamwork. Members Neil Ambikar and Silvan Jongerius, are currently working on a possible project. The Fintech product will serve as a new base layer for banking with blockchain. Instead of having various payment methods such as PayPal, crypto wallet, N26, you will have everything integrated into one specific technology solution that enables you to transfer value or money with one address per user, across different media. The circle also conducted an experiment in which they sought out to create a currency for Factory members.

The idea was to tokenize the Factory community. A Factory coin would be developed and used to reward members contributions within the community. It could be used to enable access to certain events, for food within the vicinity, an event to help understand the problems corporates have and match them with the right players and experts to solve these issues. It would, therefore, serve as a hub for problem identification, matchmaking, and solution execution.

We like to think one of the things that makes the Factory community unique is their ability to come together. This is not only mirrored through the circles we have here, but also through our events. Recently, the Web3 Foundation hosted their “A deep dive into Decentralized Exchanges” meet up at Factory Mitte. The event brought together some of the Decentralized Exchanges ecosystem’s most prominent minds and over 300 members of our community, and the DEX community joined together to discuss developments, opportunities, and processes. We heard from Radar Relay, Gnosis PM, the DEX Kyber Network, Exchanges Melonport, OmiseGO, and the event was moderated by Dr.Gavin Wood and Peter Czabahn of the Web3 Foundation. The unbelievable interest in blockchain was reflected through this event and undoubtedly emphasized the strength and nature of alliance that blockchain circles manifest.

If there is anything we have taken from our active subgroup or events such as the DEX Meetup, it is that there are unimaginable possibilities in intersecting the blockchain community and our own. We are at a strength here at Factory, and lucky enough to have so many fascinating minds under one roof, all of whom share a common goal in wanting to design and create the ideas that will impact our future. The matchmaking potentials are vast, and we look forward to utilizing and showcasing everything that comes out of our innovative community.

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