cryptix AG was founded 2017 in Zug, the Swiss melting pot region for blockchain companies. Now the company is taking its next step out of the Swiss Crypto Valley with the opening of cryptix LABS in Vienna. The Austrian capital will be enriched by an international research and development company with its focus on blockchain technology. Armin Reiter, system architect and experienced consultant in the technology market, is the new managing director of cryptix LABS.
"Here we are in the midst of a yet relatively unexplored high-tech market with incredible future potential. As a young engineer and innovation enthusiast, I am excited about this new challenge. It is an outstanding opportunity to be able to build cryptix LABS in Vienna with a motivated and dynamic team ", Mr. Reiter responds to the question about his new position. cryptix LABS specifically works on the research and development of various digital currencies and considers the blockchain technology clearly the main topic in the current public dialogue. Bernhard Koch, CEO of the Swiss cryptix AG, comments on the expansion of the parent company and the new Austrian branch as follows: "The issue of cryptocurrencies is highly interesting and in the following years many industries will change significantly. As a company we deeply believe the blockchain technology to influence small and medium-sized businesses in particular. We have recognized this technological market change and the opportunities resulting from it. This is the reason why we would like to set up our companies early on an international basis."
In addition to research and real economic implementation of the blockchain technology cryptix LABS is also devoted to other fields of innovation. Therefore, managing director Armin Reiter clearly emphasizes the additional work regarding other distributed ledger technologies such as Tangle and Hashgraph. cryptix LABS not only foresees the economic future but actively shapes it with its own application options for business customers. This orientation towards the future is also evident in the selection of the new headquarters in Vienna’s Millennium Tower, which is regarded as an incubator for blockchain-affine companies. In this context, the location for the international company provides the ideal infrastructure to be able to develop sustainably and get easy access to like-minded entrepreneurs.