Born in 1968 in Vienna, Peter Krapfl is more than a digital native – he breathed bits & bytes since the age of 4. He is a natural born CVO. Striking his first major deal at the age of 15 by developing and successfully distributing two computer games worldwide, Peter quickly discovered the potential of information technology. He started studying Computer Science and Organisation at Vienna's HTL Spengergasse, but dropped out as he was soon given the opportunity to work for companies like Ashford (Xenix OS, a Unix derivate), Cromemco (3D Animation systems), TopCall (Telecommunications) and the Philips Research Labs (Consumer Electronics). In 1996, Peter founded his first company. Five years later, DaoTec was founded and introduced to the market. In 2002, Peter invented the base technology that led to the development of the DaoPay service – a technology that holds an international patent. Peter was CEO of Daotec until mid of 2011. After a one-year break he returned and was given the opportunity to buy the shares that would make him a 100% owner of Daotec. Peter also works as court certified expert for information technology and software development for the Republic of Austria.