Entrepreneurs, finance, and technology professionals, startups, venture capitalists, and investors came together on July 28, 2017 at my alma mater, George Washington University, to take part in the 2nd Annual Blockchain Conference DC.
The attendees did not only see the world of Blockchain from the eyes of the experts but were also able to network and shook hands with other passionate individuals of this highly dynamic industry.
This 2nd Blockchain conference served as a great platform to discuss the recent developments in the space. It was highly educational and opened the eyes of the delegates to the opportunities in-store for them and the hurdles that they have to overcome. The conference started and ended with coffee networking sessions. Fast paced and informative panel sessions were evenly scheduled, veering away from the old-fashioned and humdrum types of discussions.
I was one of the panelists for the advantages and disadvantages of this crypto-financing technique, the initial coin offerings (ICOs), or what others call initial token offerings (ITOs). They also discussed how the ICO came to be and what is next; the Government and Blockchain; and predictions for the future of Blockchain.
Kamil Przeorski, CEO and Founder of Experty.io, discussed how their app based on blockchain and cryptocurrency technology would allow telephony via smart contracts to instantly remunerate experts and advisors for phone calls per minute. He said, “One of the major challenges is that there is not much incentive for experts to provide consulting over applications such as Skype, where there is no simple way for them to receive money for ad hoc micro consultations.”
LAToken discussed fractionalizing Egypt’s pyramids and luxury paintings like Van Gogh’s works as well as real estate properties. Meanwhile, just today (August 14, 2017) they tokenized Apple shares at LAT Exchange, the first stock exchange on blockchain that allows its clients to sell and buy securities and real assets worth $600 trillion using cryptocurrency. Within weeks LAToken will list new asset classes, ranging from real estate to works of art at LAT Exchange, enabling maximum diversification for crypto investors. To develop the platform further, LAToken starts a public token sale on August 22, There’ll be 4 rounds, each one designed to add a new asset class.
Idbox had a brilliant fingerprint telephone invention allowing the several hundred millions of people without identification to use blockchain with finger prints to receive money, make a payment, save in a bank, and transact.
Founder of Blockbridge Advisory, Susan Poole, had 400 people in a room listening attentively. Brendan Blumer, CEO of Block.one, who was behind the $232M EOS cryptocurrency, was highly exuberant about his work and was an excellent speaker. Partner at BakerHostetler Carol Van Cleef mastered the understanding of the last few months’ fraud cases in cryptocurrency. Other speakers were:
CEO and Co-founder Pawel Kuskowski, Coinfirm
Consulting Solutions Director Tom Plunkett, Oracle
Director of Energy Karl Kreder, ConsenSys
Founder Min Kim, ICON
Jason Weinstein, Partner at Steptoe & Johnson LLP
Peter Van Valkenburgh, Coin Center’s Director of Research
Ron Garrett, ConsenSys’ Entrepreneur in Residence
EOS was the conference’s platinum sponsor. Day One Investments was the partner while Deloitte was the gold sponsor. The Cointelegraph, FinTech Profile, Blockchain Healthcare Review, NewsBTC, CEX.IO, and CoinDesk were the conference’s media partners.
The cryptocurrency industry faces a lot of challenges in terms of cybersecurity. Right now, we’re going through a lot of headaches with platforms who threaten the security of the cryptocurrency exchange world. Although transparent in their transactions, they need to be regulated, and the Securities and Exchange Commission is pursuing enforcements in cryptocurrencies based on the experiences we learned back in 2012 during crowdfunding law discussions. Going forward we see more opportunities pouring in on this dynamic space. Now compliance and regulation faces a global audience through cryptocurrencies.
Feel free to reach out to see how you can keep your ICO compliant in the world’s largest market: USA.