Inform Inspire Innovate Impact Alex Bausch Mobility Tech Visionary Entrepreneur

Alex Bausch Mobility Biometrics Technology Visionary and Entrepreneur

Alex Bausch Mobility Biometrics Technology Visionary and Entrepreneur

 

Alex Bausch is a successful and seasoned entrepreneur with broad experience in all aspects of international business development and creating global technology companies and in some case in selling them to big international groups. He is a visionary leader in mobile technology, fintech and identity security. He has an impressive background in the telecom and security industry, with a proven track record in building successful companies and scaling them globally. He is a firm believer in partner ecosystems which aim to inspire and spawn new innovations. Over the years, Alex built his work based on a believe that centers around the four I’s – Inform, Inspire and Innovate to make Impact!

Alex’s list of specialties is impressive and encompasses management and technology: SaaS services, mobile identity security, biometrics. Mobility as a Service, Information Security, Network Security Analysis, International business development, business technologist, wireless services, mobile and wireless, digital identity, security, marketing, and product development. Blockchain is changing our digital landscape. It will change the way in which traditional digital services are provided across all public sectors, industries, and services, globally.

Alex is also the co-chairman of the Blockchain Ecosystem Network | BECON, which provides a platform for Blockchain methodologies and solutions. The aim is to let you understand the importance, functionality and how to overcome the challenges of Blockchain. Showing a rapidly accelerating range of use-cases, BECON provides insights into building and implementing solutions and the application of Blockchain, across all sectors, industries, and services. Connecting you on a global level with your peers, experts and Blockchain clusters and chapters, country by country. BECON offers a range of services from introductory workshops, C-level sessions, forums, boot camps, masterclasses, online training, webcasts, conferences and right through to the delivery of news, white papers, reports, and indexes of both Blockchain industries and use-cases.

Alex Bausch is an advisor for Humaniq, a blockchain tech for good platform and a digital currency HMQ that was launched in 2016 and that reached close to $5 Million with their ICO that traded by over 10.000 people.

Can you tell us about you, education and your personal and professional background?

I am 52 years old, married, 4 children. At the age of 9, I had my first computer which was an Apple II. At age 15, I moved to the United States to go to High School, College, and later University. Back in 1987, together with my father, we started a company which became known for its online banking solution known as “GIROTEL” introduced by the Dutch Postbank. We supplied the modems and software necessary for the thousands of electronic banking consumers. Our secure online solutions were instrumental in making the first consumer online banking solution in Europe a great success. GIROTEL was the predecessor of what later became ING DIRECT.

You are a member very involved in the Blockchain.community. Can you tell us about it?

Since 2004, I have been involved in the mobile revolution. My last company created a Mobile Platform as a Service that was sold through partners around the world. Enterprise Managed Mobility promised to make the SmartPhone more secure, and at the same time deliver more control over the employees’ device. Bring Your Own Device was the big promise. The mobile end-points turned out to be the next frontier. The problem was that billions of devices and an equal number of online (mobile) services were very hard to secure in a scalable way.

Mobile identities needed a different framework – it looks like distributed ledgers deliver on the promise of automated trust. in 2016, while working with Infosys and Samsung SDS on a mobile banking solution for the unbanked, we created a Mobile App with Biometric ID that would be the key driver to on-board millions of unbanked. It became clear that a new paradigm was badly needed – working with the masses requires low-cost mobile technology – but also mechanisms that scales. Blockchain offers that solution.

You are working in collaboration, networking and advancing Blockchain industry solutions. What are the biggest challenges and opportunities?

Blockchain is foundational technology, much like TCP/IP in the early 90’s. The big killer app on Internet, for a long time, was email, and only after many years the worldwide web gained traction – and new services were created. For Blockchain, there are many similarities – with Bitcoin being the first killer app. The trick will be how distributed ledger technology can be introduced in other industries. There are huge opportunities – but the rate of adoption will be slow and determined by the stakeholders in each industry. Many companies will be disrupted – and may no longer be relevant. It is all about the power of applying Blockchain. What application of the technology? For what purpose? Applied in what way? And with what safeguards? Rather than focussing on the deep technology of distributed ledger technology – I am more interested in the applications and solutions. This is about service design. That is why we started the Blockchain Ecosystem Network | BECON which is on a mission to bring together users, developers, academia, NGO’s and so forth to discover how blockchain is going make a difference.

How do you see blockchain and finance in general?

Banks and insurance companies are modernizing online and mobile engagement to compete on a seamless customer experience. Industries are being shaped today by disruptive technology and consumer expectations for simple and convenient experiences. One of the industries most dramatically impacted is financial services, as can be seen by the rise of online-only-banks. Smartphones are now the main resource for banking, offering customer anytime, anywhere access to their finances. Traditional corporations are looking for ways to differentiate as the younger generations don’t think their bank offers anything different than any other bank.

Blockchain is foundational technology that accelerates the disruption of the financial services industry. When Satoshi Nakamoto first published the paper on bitcoin digital currency, it was in the heat of the financial crisis. Trust, interest, and remittance are the three main drivers for the financial services industry. Automation through blockchain will inevitably change the industry. It will enable financial services to millions of people who until recently did not have access. This has been proven with Mpesa mobile money in Africa.

 

BECON a Blockchain methodologies and solutions platform

BECON a Blockchain methodologies and solutions platform

How do you see blockchain and financial inclusion?

According to the alliance for financial inclusion (AFI), an estimated 2.5 billion people do not have access to formal financial services, representing a huge untapped potential for economic and social development. There are 7 Billion people that use Mobile Phones but only 4 Billion that use a toothbrush. Mobile is a must if we want to on-board the unbanked population. Socio-economic development: It touches the lives of all societies. Especially, of course, those that are citizens and small businesses functioning without a secure infrastructure to run their business and livelihoods. Accepting deposits, providing life insurance cover, providing retail services like bill collection, the sale of forms, saving their money etc.

How do you see blockchain and Ethereum technologies as drivers for social impact and special when it comes to financial inclusion?

Blockchain technology is difficult to understand, but the general idea behind it is quite simple. At the core, blockchain is a big global distributed database running on millions of devices open to the world, where anything of value like for instance money, titles, music, intellectual property can be stored securely. On the blockchain, trust is established, not by powerful men in the middle – like banks or governments, but through collaboration between nodes. Blockchains ensure integrity and trust between strangers. Blockchains automate trust. They make it difficult to cheat. In other words, it’s the first native digital medium for value, just as the internet was the first native digital medium for information. And this has big implications for business and the corporation.

Can you tell us about BECON?

BECON (Blockchain Ecosystem Network) is a and cross-sector membership driven organisation for collaboration, networking, explaining and advancing Blockchain methodologies and solutions. The goal is to accelerate the growth of a sustainable ecosystem that drives the application and implementation of Blockchain in all private and public sectors. BECON is supported by a Steering Council, which consists of international experts who give meaningful help in many different areas. Members come from various backgrounds: Academic Partners (business schools and universities), Associated Partners (local chapter managers and representatives of Blockchain associations) and selected members of Advisory Groups (representing several public and private sectors).

Can you tell us how do you see both finance and innovation present landscape, namely in the bridge between the big players and newcomers and projects related with financial inclusion?

Start-ups have an important role as they bring innovation to the big players. Nowadays, there is ample access to funding for good ideas, whether this through conventional venture capital or by using mechanisms such as the Initial Coin Offering or other means of crowd funding. The point is that newcomers often bring disruptive ideas to the table which would normally not be provided by the existing big players.

 Fintech and Finance innovation have disrupted the financial world as we know it. What are your views of it in a time when Fintech, Blockchain, AI became the most powerful trends?

From a financial services perspective, the challenges that bankers are concerned about are the triumvirate of new competition, product innovation investments to prioritize and changing customer behaviour. How do they become an Amazon of financial services, providing a great user experience whilst having secure, reliable transactions. The digital transformation of the financial service industry has a major impact on our society. Consumers are the driving force behind this change. Ultimately, they will determine who will be successful and who will not.