In July 2019, Advanced Blockchain AG, announced its third listing on a public market in Germany, making it one of the first blockchain first tech companies in the world to do so.
August 06, 2019 – Berlin, Germany – Advanced Blockchain AG, a German publicly listed Blockchain-as-a-Service (BaaS) company, has announced its official listing on Deutsche Börse’s Xetra. Currently, more than 90% of all trading in shares at all German exchanges and approximately 30 percent of trading in ETFs in Europe are transacted through Xetra.
This listing marks the third listing for Advanced Blockchain AG, which is already listed on the Frankfurt and Dusseldorf stock exchanges and the first blockchain company listed on Xetra.
In recent weeks, Advanced Blockchain AG has made the news with its announcement of a contract with a German car manufacturer, and a signed letter of intent (LOI) with a leading telecommunications provider. Within the partnership with the latter, both companies will work closely to develop a blockchain-based protocol for billing Internet of Things (IoT) networks. The details of the partnership are expected to be announced in the third quarter of 2019.
Advanced Blockchain AG’s Co-Founder, Robert Küfner, describes both sets of news as “very important steps in the roadmap of the company as well as the industry as the team passionately works to bridge the gap between enterprises and blockchain technology.”
Advanced Blockchain AG, together with its subsidiary nakamo.to GmbH (www.nakamo.to), has initiated the peaq project (www.peaq.io) and developed a fully functional DAG framework “DAGchain”, which will be utilized in the upcoming partnerships.
The main goal of peaq is to develop a working and efficient base-layer protocol that can overcome the vulnerabilities of traditional blockchain systems and consensus problems currently associated with DAGs. The company expects more clients and partners to be onboarded in the near future.
Advanced Blockchain’s expertise is in the design, development and deployment of blockchain solutions for corporates in order to help companies make the transition into blockchain. They are also developing custom, tailor-made blockchain solutions as well as standard, off-the-shelf blockchain solutions designed to be easily adopted.