Place/Date: Philippines - December 29th, 2018 at 4:37 pm UTC · 4 min read
Contact: Yaroslava Velykaya, Head of the project, Source: Blockchain & Bitcoin Conference
The meeting of DLT experts has been also visited by the CEO of CEZA.
The conference has gathered leading Filipino professionals and top experts from many countries working in crypto sphere. Speakers have addressed the most important segments of the DLT market and discussed topical trends of the industry.
The event was opened by Raul L. Lambino – CEO of the Cagayan Economic Zone Authority (CEZA). It is the only economic zone in the Philippines that has the authority to regulate, license and propagate Offshore Fintech Solutions Enterprises as well as Offshore Virtual Currency Exchanges.
The expert has delivered the welcoming speech, where he has talked about the crypto valley of Asia and CEZA. Raul L. Lambino has also set goals for the future and emphasized the aim of streaming not only financial processes but also a wide expanse of applications in the digital economy.
One of the founders and CCO at Satoshi Citadel Industries (SCI), Miguel Cuneta, has delivered the speech about the need in DLT.
During his talk, the expert has addressed the question whether “to blockchain or not to blockchain.”
Cuneta has presented the disadvantages of DLT. According to him, the pace of DLT development is slow, incentive structures are difficult to design, maintenance is expensive, and scaling is very difficult. “Centralization is a lot easier,” believes the specialist.
Mark Vernon, the Founder at Tagcash, has explained the nature of the private blockchains with the help of use cases from MultiChain and Stellar.
First, he has highlighted the reasons to use MultiChain: customised mining, multiple unlimited asset creation and support, stream creation and subscription.
Then, the expert has also provided the information on how to add and retrieve data with MultiChain blockchain and analysed the technology in detail.
The speaker summarized:
“Use permissioned blockchains when you need control of assets, compliance and data storage.”
The conference’s program has also included panel discussion where experts have talked about the self-executing contracts and the legal side of the technology.
Rafael Padilla – one of the establishers of Blockchain Association of the Philippines (BAP) – has become the discussion’s moderator. Together with other partakers, he has looked into the regulatory trends, business models of tokenization and DLT laws.
The event has included the demozone – DLT startups have presented their new ideas and projects in the crypto industry. Event’s guests have discovered such solutions as crypto trading services, mining equipment and ICO projects advice.
The exclusive sponsor of the conference – OSR Chain. The company runs casinos and plans to enter various fields such as real estate, smart crypto city, shopping and foreign exchange. In the future, it will introduce the OSR stablecoin.
The investment partner of the event – TaaS Capital Fund which makes the wealth management easy and accessible. The DLT, AI and other IT services provider Kaplink has also become the investment partner of the conference.
The official media partner of the event is The Philippine Business and News (THEPHILBIZNEWS) – the online magazine which provides fresh news together with the analysis of business and political spheres. The YouTube channel about crypto and DLT, BTC TV, has become the general media partner.
The event has been visited by large investment companies, such as crypto solutions provider Fundshing, investment advisory firm InvestorsAlly and UAE’s private investment firm The National Investor (TNI).
The conference’s organizer is the international company Smile-Expo which has already conducted 50 blockchain events in 24 countries.
The schedule of the future events is on the website of Smile-Expo.