There is a new partnership between Blockescence plc and the Frankfurt School Block-Chain Center (FSBC). In a press release, Blockescence plc (BCK) revealed that the partnership will involve extending blockchain competencies.
A small-cap stock, BCK is a fairly new player in the market. Currently, the company has a market capitalization of €53.4M. As part of the partnership agreement, the company will benefit from the technological know-how of FSBC. The Blockchain Center will extend its expertise in the fields of blockchain, crypto assets, digitization and entrepreneurship.
BCK working towards extending blockchain competencies
With the expertise, the partners hope to be able to make further strategic investments that will further the progress of blockchain technology. Commenting on the development, CEO of BCK, Remco Westermann said:
“To successfully execute our strategy of investing in traditional industries and improve their value with innovative blockchain solutions, we want to work with the experts from the blockchain industry that belong to the team of best-in-class professionals. Prof. Dr. Philipp Sandner brings with him an outstanding knowledge base and a network that is second-to-none in the industry. We are delighted and proud that the Blockchain Center has decided to cooperate with us and we are looking forward to an intensive collaboration.”
This is the first time a partnership of such a nature is coming to fruition. On their part, the Frankfurt School Blockchain Center prides itself as an industry leader in cutting-edge research on blockchain technology.
Potential
According to its website, the think tank investigates implications of blockchain technology for companies and their business models. Further, it provides fresh knowledge for companies as well as training students and executives.
Prof. Dr. Philipp Sandner leads the think tank and is a well known blockchain enthusiast. He also has long experience in technological management.
“Blockchain technology has tremendous potential. Not just to change a business process, but to change entire industries in full breadth. By working together with blockescence, I see the opportunity to leverage this potential and develop the best applications for existing industries,” he said.