What did Audio system Talk about?
The convention concerned main blockchain specialists from the Czech Republic and expertise lovers from different nations. It was opened by Sean Patterson, Co-Founding father of Euro Digital Companions.
After the moderator’s welcome speech, audio system revealed key expertise points as of at this time: authorized features of blockchain, its software, and business prospects.
Hyperledger: Company Blockchains
Miroslav Iwachow, Technical Chief for the Trade Sector at IBM, advised the viewers what Hyperledger meant and the way the expertise may remedy company blockchain duties.
The skilled talked about a number of blockchain options: TradeLens for container delivery, Meals Belief for meals security, and World Wire for international cash transfers.
The skilled defined:
“These days, the meals business focuses on a number of key elements: product safety, provide chain optimization, meals waste, and shopper preferences.”
He believes that Meals Belief can remedy the issues: the platform permits to trace origin of merchandise, availability of certificates, freshness, and ship to prospects.
Reportedly, TradeLens unites all delivery members and gives secure info change in logistics. The speaker confused the next benefits of World Wire: transaction transparency, compliance with statutory necessities, and safety.
Blockchain at Enterprises
Daniel Szegö, Chief DLT Architect at Interticket, additionally drew company’ consideration to Hyperledger as a part of his presentation on blockchain platforms for consortiums and enterprises.
The specialist mentioned that consortium necessities included velocity, environment friendly operation, and confidentiality, whereas enterprises are geared toward adhering to the principles of KYC, AML, and GDPR.
In response to the skilled, Hyperledger blockchain provides options, and platforms are supplied by Enterprise Ethereum, Quorum, R3 Corda, and Azure Blockchain.
Michael Schloh von Bennewitz, Founding father of the Monero group, devoted his presentation to blockchain-enabled safety. He highlighted hardware prospects for storing info in secret and operational idea of blockchain wallets.
The speaker paid particular consideration to related blockchain purposes: provide chain monitoring, insurance coverage asset administration, stock file, and logistics.
Authorized Points of Blockchain
Danica Šebestova, Accomplice at Squire Patton Boggs, addressed authorized points when implementing a blockchain mission.
The skilled talked about that legal professionals and blockchain architects ought to work together and cooperate with one another. It can be crucial for specialists from each sectors to resolve collaboratively every little thing associated to KYC, AML, GDPR, and sensible contracts.
Danica named nations positively treating blockchain: Switzerland, Italy, France, and Lichtenstein. Jersey, Gibraltar, and Malta supply pleasant surroundings for cryptocurrency exchanges. Regulatory sandbox nations are the UK, the Netherlands, and France.
Compliance with AML and KYC
Artur Kuczmowski, Senior Accomplice at Thompson&Stein, examined intimately the AML and KYC guidelines for ICO and crypto change gamers.
The speaker emphasised that anti-money laundering, focused monetary sanctions, and figuring out of your prospects needs to be taken under consideration to guard your blockchain enterprise.
The specialist added:
“To create and implement an environment friendly KYC coverage, one requires three parts: Buyer Identification Program (CIP), Buyer Due Diligence (CDD), and Ongoing Monitoring.”
Exhibitors and Sponsors
The occasion featured a demo zone the place blockchain corporations launched their concepts and new tasks to attendees. Cryptocurrency buying and selling companies, mining gear builders, and startups with modern strategies for integrating applied sciences offered their options.
One of many exhibitors was Aerum, a mission evolving a new-generation blockchain expertise. The platform’s mission is to design an infrastructure for monetary buying and selling platforms with decentralized financial system.
Cryptoshib, a platform offering blockchain business info, demonstrated two new tasks: a service for easy cash transfers – Paycore; and a confidential blockchain platform – XUEZ.
SnowGem acquainted guests with its blockchain answer: a brand new cryptocurrency based mostly on Zcash. It permits to hold out speedy and personal transactions. In addition to, its community is completely protected against 51% assaults.
Smile-Expo expresses its gratitude to an exhibitor and silver sponsor of the occasion – Forex.com. The corporate provides a singular answer for tokenized belongings. It grew to become the world’s first regulated crypto change licensed in accordance with the Decree № eight of the Republic of Belarus “On Growth of Digital Economic system.”
Furthermore, Nigel Crome – MLRO & Head of Compliance at Forex.com – took half within the convention. He described the way to unlock the potential of tokenized securities.
Suggestions In regards to the Fifth Blockchain & Bitcoin Convention Prague
Daniel Szegö commented on:
“The occasion gained perception into such subjects as public blockchain, distributed ledger expertise, and regulatory features. Thus, the convention was held at excessive stage.”
Sean Patterson shared his impressions:
“I’m pleased with changing into the moderator on the convention with the unimaginable program: shows and networking are fairly significant.”
Observe the approaching occasions on the Smile-Expo web site.