Philippine Blockchain-Based Startup "AltSwitch" Triumphs Dubai Competition

Future Innovation Summit V2 was a recently concluded event that was hosted by the Private Office of H.H Sheikh Saqer Bin Mohammed Al Qasimi under the leadership of H.E Adnan Al Noorani held last May 11-12 at the Meydan Hotel in Dubai. In the audience were government officials, prominent personalities, and organizations who gathered together for critical discussions around topics of space, the metaverse, blockchain technology, and sustainability. Financial and blockchain experts in attendance include Dr Michael Gebert (Chairman and founding member of the European Blockchain Association), Christian Noll (General Manager - IBM Consulting IBM Middle East and Africa), and Rizwan Sajan (Founder and Chairman of Danube Group) among many others. The event was also attended by H.H Sheikh Saqer Bin Mohammed Al Qasimi himself.

Many competitors were vying to secure a spot in the top three with projects that were providing innovative solutions to niche industries that catered to wide audiences. AltSwitch’s hardware wallet debut was able to capture a unanimous vote to win the gold place with its sleek and luxurious design, multi-layer security encryption technology, NFT integrated display, and a comprehensive business development plan. They combined these elements into a formula for success in the eyes of the judges keen on assessing the viability and competitive edge among all its contestants.

AltSwitch is a blockchain-based company building products with an ecosystem of decentralized apps and services that aim to make self-custody and decentralized finance more secure and accessible. 

A vital point of the presentation was the importance of self-custody and the social responsibility of digital asset security by blockchain-based companies which Mr Carl Munsayac, AltSwitch's CEO, also talked about on stage. He emphasized that the alarming growth in digital asset theft should not be left unchecked as it damages cryptocurrency’s reputation and each of its victims’ financial futures. The CEO implied that businesses should maintain a human-to-human element of conducting transactions as more than mere statistics but people’s lives and hard-earned living. Another was the company’s mission to empower the masses' self-custodial capability by placing the security of their assets in their own hands aside from conventional financial institutions.

Securing one of the coveted winning spots in the competition opens the company’s future to even further heights as it solidifies its reputation as an up-and-coming figure in the digital asset security industry. Some of the prizes from the Sheikh’s private office include (but are not limited to) business development assistance, company registration & office location in Dubai, as well as an endorsement to strategic partners & government entities. These provided a key opportunity for the company to establish a base of operations in the UAE which has positioned itself as a haven for emerging technologies and innovations and strategic access to the GCC. Only time will tell the level of success AltSwitch will achieve but this win is a definitive step in the right direction for them in a globally competitive industry.

The team behind this revolutionary product is composed of its CEO Carl Munsayac, CMO Dragos Petrovan, CTO Vlad Sulea, CCO Carlo James Nuque, CDO Clark Abella, CSMO Maria Kaye Labay, CHRO Shari Ashley, and CPRO Nicholas Sledziona who were able to catch the attention of both industry experts as well as established venture capital and investment firm delegates with their presentation.

This is a perfect opportunity to give this startup a closer look and potentially become an early investor in a breakout company that will introduce a revolutionary solution to a multi-billion dollar problem.  AltSwitch is making a statement worthy of attention as the next big player in the hardware wallet industry.