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12 Dec 2016

Blockchain Conference Abu Dhabi 2016 Results

BLOCKCHAIN IS A DELICATE MATTER

The Future magazine has been a media partner of Blockchain Conference Abu Dhabi. The conference has become a consolidation of visionary and strategic views on prospects for the segment development, expert presentations in the context of the infrastructural management of the blockchain ecosystem (regulation, legislation) and practical experience using real international cases.

Strategic View

If you google ‘blockchain’, you will get about 21 million hits in total, while IoT (Internet of Things) gives you about 90 million hits, VR (Virtual Reality) – 115 million hits, and a search query for ‘Donald Trump’ – over 400 million hits. A blockchain evangelist and IBM | Middle East representative Saqr Ereiqat has begun his presentation with this short demonstration of the blockchain penetration into the real world. During the introduction of the emerging industry, he has however noted that the modest statistics is not surprising, because the increased public interest in the topic of blockchain appeared only at the end of last year and at the beginning of this one. So, the awareness of this technology has not been significant yet even in the professional financial world.

According to various sources, however, today 80% of banks are exploring possibilities of the blockchain technology, and 78% of them believe that blockchain will acquire widespread use in five or six years. The greatest transformations in the next five or six years will occur in such segments as the consumer banking, payments & fund investments, wealth management, according to the PwC Global FinTech Survey 2016. As Gianfrancesco Martinico from PwC | Middle East has noted, 219 fintech companies related to blockchain have been registered as of today; 30 industries have become aware of valuable benefits from financial services based on blockchain; an amount of investments in the blockchain-fintech sector has been about $ 900 million.

Thus, even today we can observe an increased interest of leading financial players in the blockchain technology. For example, the French AXA Group has invested $ 55 million in the Canadian startup Blockstream located in Montreal. A Goldman Sachs has received the license for its own cryptocurrency SETLcoin. In parallel with the private investment projects, there is a trend of creating consortiums and associations like R3, Hyperledger and others.

“Companies are going to achieve more being together,” the speaker from PwC has noted.

Nuances of Government Regulation

At a time when a lot of hype surrounding the blockchain technology enters into a real business, a theme of the emerging industry regulation is becoming more actualized as well as the theme of fintech in general. One of the most interesting panels at Blockchain Conference Abu Dhabi has been devoted to this issue, which is cared deeply about by the most developed fintech markets of the world and their financial regulators. Two presentations have been given within this panel – PwC | Middle East and Zayed University Abu Dhabi (please follow the link to watch a video about the university).

The first presentation delivered by Madhukar Shenoy from PwC | Middle East has demonstrated real cases from the experience of the UK, Singapore, Australia and Switzerland being systematized in a framework format. The key idea of the performance is as follows: a successful supervision involves an availability of a responsible regulatory institution with a clear strategy aimed at establishing transparent rules for business and security for the consumer; a creation of the regulatory practices on the basis of a mutual dialogue between the regulator and business (‘sandbox’ formats,  etc., which provide an opportunity to test business processes and find appropriate regulatory solutions); as well as technologically neutral position of the regulator, which is essential for building an effective regulatory practice.

The second presentation delivered by Christian Chamorro-Courtland from Zayed University Abu Dhabi has focused on what should be a subject of regulation and how to enhance the effectiveness of regulation. His presentation has featured the regulatory practices of the Crown Dependencies of the Isle of Man, the European Union and the American city of Ontario (CA). He has announced an idea of creating a regulatory field in the format of ‘bottom-up’ based on the business practice. This effectively means the establishment of rules of the game by the business itself (including being represented in the different jurisdictions and able to bring advanced ideas) and the development of self-regulatory approaches. The creation of a transnational regulatory field (joining efforts of regulators from different countries) becomes very important. The speaker has predicted a growing demand for the regulation in the field of the Internet, DLT organizations working with the blockchain technology and the market of crypto assets in the near future. In general, the presented international experience can be called universal milestones for the creation of a successful regulatory practice in any emerging fintech market.

Blockchain in Practice

The section of practical cases has several reports that are worth mentioning. Thus, Marina Reznik from Ubitquity LLC (Canada) has spoken about the practical application of the blockchain technology in the real estate sector.

The benefits include an equal and transparent access by all the parties to the whole variety of information (this is an impressive list of transactions and procedures related to the real estate), which greatly facilitates interaction and speed of execution of all business procedures.

Dominik Schiener from IOTA (Germany) has spoken about the prospects of integration of the Internet of things (IOT) and the blockchain technology.

For a start, there is a global data: in 2020, there will be 50 billion of interconnected devices worldwide. This concerns the issue of how to create scalable data clusters on the principles of smart decentralization (on the basis of blockchain technologies and smart contracts) by combining online and offline ecosystems, which will lead to the formation of the Economy of Things and make a variety of resources more accessible and improve the quality of life.

This panel has also featured a case of the digital bank based on blockchain (Hashcoins) and a case related to the increased transparency of green investments in the solar energy (SunExchange, South Africa & SolcryptoJV, Japan).

For example, SunExchange project represents a p2p micro finance platform based on blockchain. This crowdfunding platform allows investing the minimum capital subject to high transparency of assets, enabling companies and natural persons to invest sums of $ 10 in the distributed solar energy projects around the world, according to Cambridge Abe from SunExchange. The project has been launched in South Africa, where there is a lot of solar potential and growing demand for the electric power.

Conclusion

Summarizing the results of the conference, we would like to share several conclusions. The first one is that the scope of blockchain technology application can be found everywhere; we just need to proceed from the specificity of a given geographical area and needs of the economy and consumers. The second conclusion follows from an exclusive interview with the blockchain evangelist from IBM | Middle East for the Future magazine (to be published in full in the December issue), which has grown from Q&A format into an interesting discussion. Thus, in five or six years our world will be a global public blockchain ecosystem consisting of a number of private blockchain ecosystems (with sectoral or functional specificity). This global ecosystem will be completely digital; however, it will be largely connected with the offline world through the Internet of Things. And if you as a business unit or an individual are not there, it will mean that you are absent on a new ‘world map’, which will be entirely digital by that time. And the key aspect in the creation of a global ‘world map’ and a global blockchain space is an issue of cross-border and cross-sectoral cooperation.

The Future magazine would like to thank the organizers of Blockchain Conference Abu Dhabi for the opportunity to give coverage to the exclusive content.

30 Nov 2016

Final coundtown – 7 days to Blockchain Conference Abu Dhabi

B Conference is coming closer and we would like to give you a small update on what, where and when you should do not to miss something interesting.

1. Tickets. You still have a chance to join our amazing event in Abu Dhabi, which will open a new opportunity with Blockchain for you.
Please register and buy a ticket here >>>>>>
Kindly note that the registration deadline is December 7, 2016.
If you wish to join our conference, please make sure to buy your ticket before this date.

2. Agenda. The conference starts at 9:30 a.m. and ends at 6:00 p.m. We recommend you to arrive a bit earlier to receive your badge and have a cup of morning coffee with your future partners.

3. Location. The conference venue is Marriott Downtown Abu Dhabi PO Box 37421
Sheikh Rashid Bin Saeed Street
Abu Dhabi
Please refer to the following directions >>>>>>

Don’t miss the chance to attend Blockchain Conference Abu Dhabi! We will be very pleased to meet you there.

22 Nov 2016

Unique presentation & workshop: How to Create a Blockchain Bank using Blockchain

Blockchain Conference Abu Dhabi is coming closer! Only two weeks are left before the main FinTech event in the UAE. Its organizers still have fire to make this conference truly interesting and worth visiting.

We are glad to offer you a unique presentation & workshop: How to Create a Blockchain Bank using Blockchain.

General partners of Blockchain Conference Abu Dhabi have prepared something really interesting.

Edgar Bers, HashCoins Partner Relations Manager, will uncover details of the upcoming next-generation crypto financial ecosystem and provide crucial information on the exclusive participation options in the investment project to be implemented in Q1 of 2017.

The second speaker Vitali Pavlov, HashCoins Senior Project Manager, will talk about the current financial system’s faults and the planned ICO aimed at funding an entire array of blockchain engaged financial service projects by HashCoins.

If you are interested, you still have a chance to visit our event!

The second great news for our delegates is an appearance of our new financial panel moderator. Zubair Ahmed is the Senior Vice President, Head of IT & Business Innovation at Emirates Islamic. Previous to this role, Zubair spent nearly 2 decades in challenging leadership roles at the heart of the finance technology industry. A Harvard Alumni with 24+ years of IT & financial industry experience, he enjoys being customer facing and engaging businesses in strategic use of technology. Excelling in enterprise transformation, he has led and produced compelling results in creating business innovation at the grass-roots of the organization. Zubair is the author of the book “Power to Kids” that serves as a guide in ‘applying quality & management principles to parenting’. He is also actively involved with a number of non-profit causes across the region. As an ardent speaker / panelist and a life coach, Zubair is regularly featured in numerous conferences around the world.

We cordially invite you to spend an exciting day with us on this truly innovative and disruptive new technology- Blockchain.

07 Nov 2016

Conference agenda includes 5 panels and representatives from 12 countries

Blockchain Conference Abu Dhabi, the main FinTech event in the Middle East region, will be held on December 8 at Marriott Downtown Abu Dhabi. This activity promises to be multinational, with representatives from 12 countries to share their views on the future of Blockchain technology.

We are glad to announce that the conference agenda includes 5 panels, which are as follows:

Intro Panel:

  • Saqr M. Ereiqat (IBM Middle East) – “Your introduction to Blockchain”
  • Steve Plimsoll (PwC Middle East) – “The future of audit/accounting 2016 version”
  • Yves-Laurent Kayan (Coinplus) – “Investment in Blockchain: what is worth to know”
  • Victor Kiriakos (Flat6Labs) – “Blockchain start-ups on the UAE Map”

Finances and Banking:

  • Rajashekara V. Maiya (Emirates NBD & Infosys Finacle) – “Case study: Blockchain network for Emirates NBD”
  • Loretta Joseph (Sydney Stock Exchange Limited) – “How to build a blockchain settlement system”
  • George Basiladze (Cryptopay) – “Bitcoin as a settlement mechanism for card industry”
  • Cecil O’Brien Owens (Total Technologies and Solutions FZ-LLC) – “Blockchain-based e-voting system”
  • Hilal Hussein (IDB Group) – “Secure payment system using cryptography, and Blockchain technology”

Regulation:

  • Madhukar Shenoy (PwC Middle East) – the topic will be announced soon
  • Christian Chamorro-Courtland (Zayed University Abu Dhabi) – “Law enforcement and regulation”

Real Case Studies:

  • Pavlo Tanasyuk (Blockverify.io) – “Oil Freight Blockchain Applications”
  • Marina Reznik (Ubitquity LLC) – “Blockchain technology for real estate transactions”
  • Dominik Schiener (IOTA) – “IOTA-ledger of things”

Chain of Solar

  • Luke Johnson (SolCryptoJV) and Abe Cambridge (SunExchange) – “Overview of the use of Blockchain Technology in the solar industry”

+ Unique presentation of new product to be launched.

Each panel will be moderated by experts, who are skilled and proficient in each topic; they will make the conference day full of pithy discussions and provocative questions.

The conference speakers will talk about new technological solutions, security and privacy issues, collaborations and new products. They will share their practical cases and specific examples demonstrating operation of Blockchain in the best possible way. You will learn how to use Blockchain in your own business and earn more than others.

Join us, if you haven’t done it yet!

04 Oct 2016

First Speakers of Blockchain Conference Abu Dhabi

Preparation for such a large-scale event like B Conference Abu Dhabi is going in full swing. And we are starting our weekly marathon of the conference speakers’ announcements. Today, we will present the first star-presenters.

Pavlo Tanasyuk, CEO at BlockVerify ( UK ) will speak about Oil Freight Blockchain Applications

Pavlo is a technology entrepreneur and CEO of BlockVerify. Previously Pavlo was holding the position of CEO and co-founder of Monexy (payment system). Pavlo has MPhil (Technology Policy) from the University of Cambridge Business School and Certificate (General Management) from Stanford University. Pavlo was Editor-In-Chief of Information Systems Journal (London School of Economics, UK). Pavlo is well-known enthusiast of blockchain technology and its social involvement. His works was presented at a numerous big international conferences including World Economic Forum and others.

Loretta Joseph, Director of Market Development Sydney Stock Exchange will speak about unique experience in building a blockchain settlement system.

Loretta Joseph is the Director of Business Development at the Sydney Stock Exchange (SSX). With over 25 years of experience in financial markets, Loretta has developed a keen sense of skills that enable her to be one of the most highly dynamic and fast-thinking women in her field. Loretta is awarded “Female leader of 2016” Fintech Australia and has Sancta Sophia College Alumni Award 2016 for Social Impact.

George Basiladze, Founder and Co-CEO at Cryptopay ( UK ) will speak about innovative settlement mechanism for card industry. 

Experienced professional with PE/VC and corporate finance background, George has a passion on starting new businesses or act as a consultant for founders regarding strategy, business strategy, fundraising and communication with VC firms.

Organizers of B Conference Abu Dhabi are working hard in order to hold the next professional conference dedicated to Blockchain technology even better. Besides the beautiful venue, all the guests will have a possibility to enjoy reports of the most interesting speakers with the unique experience. Stay tuned for a full list of speakers!

You can become a speaker of Blockchain Conference Abu Dhabi by completing a form on the event website.

18 Sep 2016

Mark your calendars! Key topics were announced

directions_0The B conference program topics were announced: 3 track conference at the B Conference 2016 sets the agenda of key directions and debate for learning professionals in 2016.

So, we are glad to announce draft of topics that will be discussed at the Conference:

  1. Introductions:
  • Means of Blockchain and opportunities for it
  • Blockchain start-ups on UAE map
  • Digital currencies – is there any chance?
  • Blockchain payments and Blockchain remittance
  1. Security and regulation:
  • Security settlements
  • Law enforcement and regulation
  1. Real case study: Practical usage of Blockchain:
  • Decentralization to build a better government
  • Blochchain technology for real estate transactions
  • Digital asset trading
  • Blockchain for publishing
  • Blockchain solutions for global freight

The conference program will feature 20+ speakers from major financial institutions from all over the world and blockchain startups. The agenda explores a unique combination between fintech entrepreneurs, bankers and governments across Europe, Middle East and the rest of the world.

The B Conference is created with the emphasis on learning in practice, with auditorium sessions, café sessions, all with the common theme of interaction and engagement.

The Blockchain Conference will take place at Mariott Downtown Abu Dhabi on 8 December 2016.

With the launch of this new event, we’re excited to offer bankers, VCs, startups, unicorns, payment companies, government officials, and more the opportunity to actively exchange information and establish powerful strategic alliances

If your company is interested in sponsoring an upcoming event, please contact  hello@bconference.org

18 Jul 2016

The heart of blockchain is beating now in UAE

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Blockchain is a technology for a new generation of transactional applications that establishes trust, accountability and transparency while streamlining business processes.  Being the world’s first ultimate leader to innovation and introduction of high- tech business, UAE now eager to lead the way in the FinTech sector and usage of blockchain technology in the Middle East.

Abu Dhabi Global Market has released a consultation paper in which it detailed its plans to create a sandbox environment for FinTech under which startups would be allowed to work under a flexible regulatory framework for up to two years. In Dubai, more than 30 regional startups, government agencies and regional enterprise businesses have come together so far this year to begin working on proofs-of-concept with the technology.

So, it is no wonder that the heart of blockchain is beating now in UAE, and no wonder UAE will host the most anticipated technology event – Blockchain Conference Abu Dhabi 2016.

Learn how blockchain will fundamentally change the way we do business.

Conference topics:

– MEANS OF BLOCKCHAIN AND OPPORTUNITIES FOR IT

– IMPLEMENTATION IN SPHERES OF:

  • TRADE FINANCE and INTERNATIONAL PAYMENTS
  • SMART CONTRACTS
  • CAPITAL MARKETS
  • INSURANCE
  • GOVERNMENT
  • CONTROL
  • INDUSTRIES

– WHAT WE DON’T KNOW ABOUT B&B YET- NEW IDEAS TO START WORK WITH  TODAY – PUBLISHING BUSINESS, SOCIAL REGISTRATIONS, ETC.

What should you expect?

Meet inspiring people creating the world of tomorrow. Network with savvy, hopeful next generation individuals and companies pushing the envelope of human creativity and collaboration.
Stay privy to the hottest innovations and future trends in business, investment, communication, marketing, and technology.
We’re an intimate open forum of passionate collaborators. We encourage participation and friendship. From interactive Q/As to legendary and intimate socials, this isn’t your average ‘conference’.

Who is our target audience?

Our events bring together technology people and business people to promote increased understanding and business opportunities. The audience is expected to include investors, developers, industry experts, researchers, Top-managers, and entrepreneurs.banks

  • government
  • entrepreneurs
  • specialists of financial field
  • investors
  • representatives of private equity funds and venture capitals
  • business angels
  • financial institutions
  • credit companies
  • financial advisers
  • representatives of small and medium enterprises
  • representatives of payment systems
  • lawyers
  • Security Solution providers
  • developers
  • startups

Learn how distributed ledgers can be used in business

It mixes Silicon Valley and Wall Street and could represent a radical departure from longstanding financial networks.

Registration to the Blockchain Conference Abu Dhabi: bconference.org

Date: 8 December 2016

+971 56 892 12 16

hello@bconference.org