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OMMAX Launches Tech Talks in Frankfurt

OMMAX, Europe's leading digital consultancy supporting investment firms and mid-market companies, held their first annual ‘Tech Talks’ last week. Expert speakers offered commentary on top digital trends emerging in the industry today: the metaverse, cryptocurrency and blockchain, and cybersecurity in supply chains. Expert speakers included Prof. Dr. Philipp Sander, founder of the Frankfurt School Blockchain Center; Simon Leicht, Partner at Possible Ventures; and Mirko Ross, CEO and Founder of Asvin.

 

14 July, Frankfurt - OMMAX, Europe's leading digital consultancy supporting investment firms and mid-market companies, launched their annual ‘tech talks’ series this month on July 14th. Hosted at a villa in Frankfurt, Germany, the talks were led by key members of OMMAX’s prestigious digital advisor network for an audience of 50+ investors and entrepreneurs, CDOs and CIOs. Attendees enjoyed cutting-edge discussions on emerging digital trends, from the metaverse and blockchain to cybersecurity and IoT in supply chains.

Talks were led by Prof. Dr. Philipp Sander, founder of the Frankfurt School Blockchain Center; Simon Leicht, Partner at Possible Ventures; and Mirko Ross, CEO and Founder of Asvin. Respectively, the topics included cryptocurrency and the future of finance, the metaverse and venture capital investment, and cybersecurity in the software supply chain. 

Stefan Sambol, Co-founder and Partner at OMMAX said: “At OMMAX, we are convinced that the importance of tech and digital will steadily continue to increase and investors need to understand the possibilities around new technologies and the safety needed around continuous cyberattacks. We are thrilled to have one of Europe’s leading and most experienced digital experts and tech investors in one event discussing the future and digital trends!”

 

Software supply chains are under attack and AI is the solution

Attacks on Software Supply Chains increased by 650% in 2021. In the last three years alone, the Executive Order of National Cybersecurity (2021) was passed in the United States, the European Union passed the EU Cybersecurity Act (2019) and the United Nations has passed the UN ECE (2021). Hackers are currently operating an approximate 1,600,000 malicious bots worldwide, meaning that protecting supply chains and critical assets has shot to the top of the digital agenda. 

Additionally, as software supply chains become increasingly convoluted and fragmented, best-in-class AI applications are now becoming necessary for maintaining adequate cybersecurity measures to mitigate against malware, bugs, and back-doors. The complexity of supply chains will continue to push out developers defending against cyber attacks as AI solutions can more easily track the immense vulnerability scope of a more automated and connected world. In turn, these AI solutions will also require cutting-edge cybersecurity themselves as they serve as the gateway to supply chain vulnerabilities. 

 

The metaverse is a heavy-hitting business structure already

Users are increasingly flocking to the metaverse, or specifically, particular metaverses to create artificial worlds, play games, maintain social relationships and interactions and engage in consumer buying and selling. Certain Metaverses, such as the Roblox gaming platform, already have amassed actively monthly user bases of more than 190 million - 2/3 of American children between 9 and 12 are already spending their time on Roblox.

Current challenges include content, VR user experience, digital asset trading, and payment services, however, as innovation continues and these challenges are addressed, even higher adoption of Metaverse usage is expected.

As user bases are growing, so are the opportunities for making money. Cryptocurrency and blockchain-based assets in particular are the current trends. NFT trading platform OpenSea has already announced $2 billion of revenue in 2022 alone and a total of 128 companies received $1.2 billion in Q1 of 2021 for blockchain gaming. Social goods are becoming digital assets, purchased by users and large companies. Investments should focus on Metaverse infrastructure providers, like Immutable, that power the digital economy as well as crypto-enabled experiences as they benefit from the growing activity in the Metaverse ecosystem.

 

In the future, there will be no finance and no capital market without blockchain

Innovation within the crypto ecosystem, like the development of the Metaverse, NFTs, decentralised finance and smart contract platforms like Ethereum and Solana, are driven more by today’s users than institutions. With this in mind, in the future, public blockchains will likely dominate over enterprise blockchain systems. 

Crypto assets create unstoppable value transfer, transport, and possession. For instance, one transaction in the amount of $475 million Bitcoins cost a total of $15 dollars in fees. Particularly in countries with low-quality institutions and high inflation, Bitcoin introduces a minimum "technological institution" that can proliferate separately to the traditional economy.  Looking at a strategic allocation of investments, adding a small proportion of crypto assets (4%) to a typical portfolio significantly improves risk-adjusted returns.

 

ABOUT OMMAX

OMMAX is a fast-growing digital strategy consultancy in Europe, specializing in digital M&A transactions, strategy and end-to-end execution of digital initiatives with the objective to accelerate growth and profitability. Over the last 10 years, OMMAX supported building digital leaders in 7 industries with 200+ M&A deals realized, with >€15B deal value and 800+ international value creation projects for leading private equity firms areas of digital strategy, operational excellence, advanced data analytics, tech and automation. As a front-runner for holistic data-driven strategy consulting and end-to-end execution of digital solutions, OMMAX is the leading consultancy within the European Private Equity, specialized as both the architect and the executor of digital solutions.

 

Contact an expert

Do you want to know more about our experience in transaction advisory? Get in touch with Dr. Stefan Sambol