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BLOCONOMIC Blockchain Economic Summit 16 – 17 August 2018
Bloconomic 2018 showcases Transformative Blockchain Innovations
Bloconomic 2018 (Blockchain Economic Summit) started on 16th August in Kuala Lumpur, Malaysia. It was one of its kind which had successfully attracted over 80 international speakers, over 100 media partners with closed to 3,000 participants including speakers, experts, legislators, blockchain associations and community from over 30 countries.
Despite the sluggish cryptocurrency price right before the summit, it didn’t seem to affect the enthusiasm that the participants had towards the technology as they managed to see the use of blockchain beyond cryptocurrency itself. Reputable blockchain experts, digital asset management elites, and even professionals and banking executive themselves shared their experience, discussed the current and future development of blockchain economy.
The summit focuses on blockchain fundamental applications such as legislations around the world, eKYC, advertisement technology, AI, Big Data and asset tokenization, without any cryptocurrency speculation discussion taking place.
Trivechain Blockchain Hub, Center of Excellence (COE)
The summit started off with an opening ceremony by the President of Malaysia Blockchain Association, Dato Rayson Wong, and the Vice President of Malaysian Digital Economy Corporation (MDEC), Mr. Norhizam Kadir, witnessing the birth of the Trivechain Blockchain Hub, a centre of excellence for blockchain application in collaboration between Malaysian Blockchain Association, Setia Haruman Sdn. Bhd. and the Trivechain Foundation. This is followed by a serial of MOU signing between Malaysia Blockchain Association with several parties in agreement to build the blockchain ecosystem together globally.
Despite being first its first year organizing the summit, Bloconomic 2018 had managed to attract many top international blockchain companies to showcase their projects here in the heart of Kuala Lumpur. Exhibitors from China, Singapore, South Korea, Australia, South America, Italy, United States, Kazakhstan, Japan, Taiwan, Hong Kong and Malaysia itself received overwhelming responses from the participants and media alike.
Key highlights of the day:
Current Legal & Regulatory Framework Cryptocurrency, ICO & Blockchain by John Ho, Head of Financial Markets and Legal Department at Standard Chartered Bank
Financial Inclusive Solutions to Poverty and Infrastructure Financing through Blockchain by Hazim Mohamad, World Bank representative
Launching of Maxxcoin on Trivechain Platform by Matthew Chong, Maxxcoin
Commodity Trading in Blockchain by Dato Sri Navneet Goenka CEO of Glitzkoin
Blockchain Nation by Anthony Davie CEO of Invech International Group
Importance of Blockchain Economy and Decentralized Data by Tan Ji Sheng Co-founder of Trivechain Foundation
Discussion and experience sharing to stimulate creativity
The summit also set up three exciting symposiums on the theme of “Blockchain application in the United States, Germany, Thailand and Malaysia”, “Striving a balance between privacy and accountability on post-quantum blockchain” and “How to spot good blockchain projects from the bad”.
Invited guests experienced a wonderful debate and discussion on the three major themes, each with their own opinions, to stimulate the creativity and passion of blockchain application.
Crypto currency exchange and the currency economic profile
The sponsors of the summit include representatives from cryptocurrency exchanges such as Bitpoint Malaysia, Australia’s Bitrabbit, US eToro, Mexico’s Bitrus and Tokenize exchange. They put forward a lot of insights on cryptocurrency transactions and trends for the audience to have a better understanding of cryptocurrency trading. In particular, Bitrabbit COO, Lucy Chen shared the importance of cryptocurrency trading in the future of cryptocurrency eco-economic development.
Blockchain innovation projects are blooming
Another major theme of the summit was the showcase of innovative projects that tested and has successfully implement blockchain technology. For example, global game chain GGC in the gaming industry.
GGC Malaysia and Singapore partner, Tan Tianliang, delivered a wonderful speech on “Why traditional entrepreneurs will embrace digital currency”, which resonate many guests.
Mogu Business Development Director, Sam Hourigan put forward the “Future of Everything-as-a-service” (XaaS).
MFun CEO, Brian Fan introduced the characteristics of the MFun project.
Mica Fund founder, Kevin Hoo also shared the operation of the venture capital funds in cryptocurrency.
Aenco Co-founder, Darren Lui shared “How to use HealthTech, the new finance and blockchain solution platform to incubate the next unicorn.”
Quiztok business architect, Byeongseon BAE also introduced Quiztok’s blockchain application.
Day 1 of the summit ended with a speech delivered by CryptoBLK CEO, Dr. Duncan Wong, who talked about “Striving a balance between privacy and accountability on post-quantum blockchain”, which received warm applauds from the audience.
Awesome First day’s feedback:
“Finally I have a clearer picture of blockchain application” – Student of Asia pacific university
“Before Bloconomic, I thought blockchain is only smart contract and bitcoin but today we had an eye opening experience with other blockchain for example, we did not know halal chain can have so many applications.” – Student of Asia pacific university
“Exciting event!! The price of Bitcoin in Japan keeps declining but the blockchain scene in Malaysia keeps growing!” – Kenji Ito (Coin Otaku Ou)
Bloconomic 2018 Blockchain Economic Summit’s – Massive Success
Participants learn about blockchain with enthusiasm
Day 2 of Bloconomic 2018 Blockchain Economic Summit was packed with loads of actions from our international speakers, the day started off immediately on full throttle of excitement and enthusiasm building on the momentum from the previous day.
The opening symposium featuring “The development of blockchain in Taiwan, Vietnam and Hong Kong”, by Lucy Chen (BitRabbit), Doan Kieu My (Infinity Blockchain Lab) and Jay Liang (Hong Kong Blockchain Association). The speakers were pouring in their years of knowledge in the industry laying out the current status of blockchain in the industry and deliberating the future of blockchain development, highlighting the key opportunities for their respective countries.
Yu Wan Ru (Taiwan legislator), delivered a special speech titled “Crypto Policy and Regulations in Taiwan”, expounding the position of Taiwanese government being very open to the development of blockchain, encouraging the development of blockchain industries and assisting the implementation into various industries. The Taiwanese government believes that blockchain technology accelerates industrial transformation and the government also plans to introduce blockchain technology into the space of public governance. In addition, Yu Wan Ru also hoped to use Taiwan’s financial technology cooperation to create more talents in Taiwan to strengthen the digital warfare of the new southward policy.
VCs interest and fundings in the blockchain economy
Building from strength to strength, the session quickly escalate to another height where Venture Capitalist from the United States, Germany, South Africa, Singapore and Malaysia went into a heated debate on their respective mandate, views and investment strategies for the blockchain economy, allowing the audience to better understand the outlook and perspectives of blockchain economic investment. The panellist also enlightens the blockchain projects on the key success factors that the investors are looking for. The influx of investment funds into the blockchain is inevitable and will certainly propel blockchain economy further.
Blockchain application innovation highlights
After the eventful morning session to warm up the crowd, participants are immediately loaded with the showcases of various blockchain innovation projects from around the world. There were many interesting blockchain applications being brought to the stage to open the minds of audience:
Lisa Wang from Oben shared with the audience about “Personal AI on the Blockchain – A New Information Economy”, which explains how to integrate artificial intelligence into building a personal avatar in the virtual world that learns to mimic the actual personality of the user and acts as a virtual personal assistance powered by blockchain technology.
CREBACO Co-founder, Dhawal Chopda shared “How to rate blockchain projects” as a reference indicator for investment.
ProximaX Founder, Lon Wong talked about “Blockchain Reimagined”.
Fortifex CEO, Luke A Jones shared “Funding blockchain projects – utilizing and rewarding an ecosystem”, how to leverage and reward the ecosystem to fund blockchain projects.
Standard Kepler MD, David Tang shared “ICO, Reverse ICO and Commercial DAPP” to give listeners an idea of the relevance of ICO to DAPP.
Alterex Co founder, Gobinath Nadarajan introduced “Blockchain True to its core, beyond the hype (Blockchain 3.0)”.
PixelAlpha CEO, Alex Otsu shares “Using Blockchain to Power Better Derivatives Trading”.
– Treon founder, Hesham Elmetainy introduced the development of the Treon project.
– Nostra founder, Ryan Milbourne shared “The state of the Lighting Network.”
– Glid Network founder, George Wong shared about “Asking the Right Questions – Assessing & Developing Blockchain Unicorns”.
– Chainhaus CEO, Jamiel Sheikh introduced “Tokenizing Pool Asset”.
– Cryptovecs Capital, John Lombela shared about “Blockchain, a Trust Protocol for a new Economy”.
Hello Gold CEO, Robin Lee shared his experience in successfully raising fund for his blockchain project through a session “Fund Raising for Emerging Economies”.
KHA Global VP, James Kim introduced “Kazakhstan Horseracing Association” for better transparency in horseracing.
Trivechain Tech Advisor, Terrence introduces the “World First Decentralized App”, which introduced the decentralized applications of the chain, such as BizContract, BizFactory and BizStore, and other innovative features of the underlying public chain.
Bitcoin Private Developer, Daniele Monteleone shared “Bitcoin Private: From Scratch to Top 40”.
Treon founder, Hesham Elmetainy introduced the development of the Treon project.
Nostra founder, Ryan Milbourne shared “The state of the Lighting Network.”
Glid Network founder, George Wong shared about “Asking the Right Questions – Assessing & Developing Blockchain Unicorns”.
Chainhaus CEO, Jamiel Sheikh introduced “Tokenizing Pool Asset”.
Cryptovecs Capital, John Lombela shared about “Blockchain, a Trust Protocol for a new Economy”.
Bloconomic 2018 ended with a blast!
While full action was taking place on the stage in main plenary hall, the husting and bustling in the exhibition hall and hall way never take a halt. Participants very scrambling through the crowd to reach out to the exhibitors, busy shuttling between the halls and the breakout session. Our media partners have had tough time covering the many impressive speakers and sponsors who had contributed a great amount of news worthy pieces and we could see speakers and sponsors lining up at the interview space, churning out contents for our media partners.
Bloconomic 2018 through the two days summit had created an economy exceeding the organizer’s prediction. The exhibitors, speakers and participants were estimated to have received and transacted a total economic value nearing 50 million US dollars in the two days packed full of action, leaving the summit with high regards to the level of professionalism and hospitality of the organizer, and most importantly the valuable network that each brought back to further strengthen their own businesses.
Bloconomic 2019 is currently in planning. Given the exceeding number of positive feedbacks and attendees that turned up this year, the organizers are expecting even more demand for the next event. So stay tuned for more details and be sure to book your tickets in advance.
See you in Bloconomic 2019!
Some great reviews from our sponsors and speakers
“It was a great event. Just like to be honest, I’ve been to quite a number of these blockchain events, it’s my first time to be in Malaysia. This one is really really welcome, like very very good event.” – David Tang (Managing Director, Standard Kepler)
“I think this is a fantastic conference… ton of great speakers, lots of very interesting topics. I learned a lot and got to meet some very very interesting people.” – Jamiel Sheikh (CEO, Override Labs)
“Met a lot of sponsors and industry players, from educational, from VC, and a lot of networking. The food is good, and the topic is good and the speakers are great.” – Alvin Chua (President, Institute of Blockchain Singapore)
“It’s an exciting event. We met a lot of interesting people, and we’ve seen a lot of interesting projects. Something really cool.” – Michele Rullo (Senior Developer at Tokedo)
“Malaysia is a very nice country, with very nice people. Bloconomic has been a very very great event right now. We met with a lot great projects, a lot of great investors, and so we are very thankful with Bloconomic. I hope there are a lot of events like this all over the world. And Bloconomic is making a very very nice work. So we’re trying to make some alliances, knowing some people and I believe asian market is very very nice. It has been growing for the past few years, very very exponential. so we’re trying to make our work here in asia.” – Isaac KT (Co founder, Bitrus)
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