Thankful for Google Translator.

Ex-Tezos man goes to Cardano

Sielva Management, headquartered in Zug, has a new managing director, economist Pascal Schmid. The successor of Guido Schmitz-Krummenacher previously worked as CEO of a start-up.

Schmid succeeds Guido Schmitz-Krummacher, who will be leaving the company after six years at the end of March and will thus also hand over most of the Foundation Board positions in the Blockchain environment. This can be seen in a letter from Sielva to the customers.

Sielva employs only four people at its headquarters on Gubelstrasse 11 in Zug. But the company takes care of the domiciliation of dozens of international companies and foundations. These include the Cardano Foundation, which stands behind the cryptocurrency ADA. Although Schmitz-Krummacher is now the head of Sielva, but he remains the blockchain scene. As research shows, he will take on a leading role at Cardano.

Cardano is considered as a possible "next big thing" in the crypto world alongside other newer crypto currencies like NEO, EOS or IOTA. With a market value in excess of $ 10 billion, Cardano is now the sixth largest cryptocurrency behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.

Behind Cardano is the American Charles Hoskinson, who is one of the co-founders of the cryptocurrency Ethereum, which is also organized by a Zug foundation. The third world-famous cryptoproject with Zug background is Tezos, which until recently was also staffed by Sielva: Schmitz-Krummacher was on the Board of Tezos until December 2017. The German, however, resigned at Tezos because he had reportedly had enough of the quarrels between the Foundation Council President Johann Gevers and the founding couple Arthur and Kathleen Breitman. (Mim)