Blockchain has the greatest potential since the internet: Saxo Bank founder

Saxo Bank founder Lars Seier Christensen told Cointelegraph that in the coming years new business models will be invented thanks to the blockchain.

While cryptocurrency prices are calm and investor interest remains weak, blockchain's potential to transform and disrupt industries continues to attract those willing to build, regardless of asset prices digital.

Lars Seier Christensen, founder of investment banking firm Saxo Bank, told Cointelegraph that the inherent characteristics of blockchain prompted him to venture into space and start a blockchain project called Concordium. . He explained that:

"I am fascinated by the many ways blockchain can be used in the real world to improve data security, prove ownership, and add efficiency, traceability, and provenance to many processes. "

Christensen said that through technology, new business models will be invented in the near future. However, the exec believes that the crypto investment scene is very immature compared to traditional finance, and many projects will fail to do so. Despite this, Christensen also pointed out that there will be some who come out of the fog. He said:

"Projects that consist of hot air and hype will fail, but out of the dust will come great projects and undertakings for the future economy. So this is a healthy upheaval that will focus much more investors on the technological and scientific quality in the years to come."

As an early Internet user with Saxo Bank, Christensen mentioned that there was "a lot of nonsense" at the time, and that sounds like the current state of the industry. Despite this, the executive trusts the technology. "In my opinion, blockchain has the greatest transformative potential of any new technology since the internet," he said.

When asked if he had any advice for those who also come from a traditional financial background and are interested in blockchain and crypto, the exec replied that they should have the perseverance and courage to be part of the developing space.

Apart from that, he also had some tips for people during the crypto winter. According to the founder of Saxo Bank, investors must do their homework and...