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Jonas Surmann

COO @ TRUSTBYTES | BUILDING A SECURITY LAYER FOR WEB3

Jonas Surmann is a pioneering figure in Web3 and Cybersecurity, currently serving as the COO and Co-Founder of TRUSTBYTES, a company focused on improving blockchain and smart contract security.1 With a background in Mechanical Engineering and a Master's degree in Blockchain Technologies from the University of Barcelona and ZIGURAT Institute of Technology, Surmann brings a unique blend of technical expertise and entrepreneurial spirit to his role.2

Surmann's professional journey includes:

  1. Co-founding TRUSTBYTES, where he's working to develop AI-powered security solutions for Web3.13
  2. Founding LOCK, a crypto service for retail and institutional investors that managed over $20 million in assets.2
  3. Serving as a Founding Member and COO of DFX, a Swiss-licensed FIAT-Crypto On/Offramp.2
  4. Acting as an Ambassador for Zigurat Innovation & Technology Business School.2

His expertise extends beyond blockchain, encompassing areas such as cybersecurity, AI, and fintech. Surmann's approach combines analytical skills with a drive for mass adoption of crypto technologies. He envisions advancing cybersecurity in Web3 through AI-powered solutions that enhance security, efficiency, and trust in technology.1

Surmann's educational background includes studies at various institutions, including the University of Barcelona, Zigurat Global Institute of Technology, and Kettering University.2 He's also acquired numerous certifications in areas such as Scrum, JavaScript development, and SAP.2

Based in San Francisco, California, Surmann continues to be at the forefront of integrating cybersecurity and blockchain technologies, demonstrating leadership and a forward-looking approach to technological advancements.2

Highlights

May 31 · linkedin

I had the great chance to sit down with Pablo G. Sabbatella earlier today to talk everything Web2/3 security, DeFi, Ethereum (ecosystem), education and much more.

We discussed the huge lack of security in #DeFi and smart contracts and agreed that this need to change, if we ever want to reach mass adoption.

I showed him how we want to change the state of security with TRUSTBYTES and our Smart Contract Security Platform.

All in all, it's always great to catch up with security professionals in the space and go down this rabbit hole, since there is so much to learn which makes it exciting...but also a bit scary.

Mar 18 · linkedin

Innovation 🚀 vs. regulation 🏛️

Last week the European parliament approved the AI act which has been dubbed a 'landmark law'. It is the very European approach trying to regulate as soon as possible before technology can truly unfold. On the opposite, we see the US with its innovation power letting technology evolve before setting the regulatory framework.

Against this backdrop you could also call it: the European vs the US approach.

But let's lift the curtain a bit to evaluate which approach might be superior, in particular with regards to such a powerful technology like AI.

Europe is always blamed for regulating everything and preventing innovation by doing so which is why the groundbreaking innovations and companies were developed overseas during the last 2-3 decades, especially in the IT sector. But is this really true?

In terms of AI startup funding, the answer is crystal clear, Europe is lags behind by far compared to the US. The total funding volume of US AI startups approximately got 10x more funding in comparison to Europe in 2023. However, there are European lighthouses like Hugging Face, Mistral AI, Contentsquare or Aleph Alpha that were able to raise Billions of EUR and it seems that Paris establishes itself as the European hub/valley for AI.

Question remains whether the lack of funding is due to the mania of regulation? An argument that contradicts it, is rather the lack of growth capital in Europe, so that startups/scaleups can raise mega rounds of $100m,$200m, ..., $500m or more. However, this capital is available in the US enabled by an ecosystem of (institutional) investors specialized on that.

Another important factor is the availability of talent which is clearly available in Europe educated by some of the world's most renowned universities like Technical University of Munich, ETH Zürich, École Polytechnique or University of Oxford as well as University of Cambridge. However, salaries in the US are going through the roof in the AI sector: the average amounts to $163'000 in California, whereas it's closer to $100'000 (gross) in Europe varying a bit between the countries. Furthermore, big AI organizations like OpenAI pay humongous salaries of $800'000 and more for AI engineers. This discrepancy leads to a brain drain from Europe to the US and the US seem to be a step ahead in the war for (AI) talent.

In my experience though, talents are not choosing a job based on the level of regulation, but rather based on whether the can make a difference, overall conditions and the excitement for the task or company.

In summary, it's not as trivial as it seems. However, regulation can clearly slow down or even prevent (AI) innovation, if certain developments are simply forbidden which are allowed elsewhere or if startups need to comply with way more obligations.

#aiact #innovation #regulation

Related Questions

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How did Jonas Surmann transition from Mechanical Engineering to Blockchain Technologies?
What makes TRUSTBYTES' approach to Web3 security unique?
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What role does AI play in TRUSTBYTES' security solutions?
Jonas Surmann
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Jonas Surmann, photo 2
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Location

San Francisco, California, United States