This is the first of four articles on the program and goals of Convergence – The Global Blockchain Congress. For more on the event, and to purchase a ticket, visit www.blockchainconvergence.com.
Convergence – the Global Blockchain Congress will hold its inaugural edition in Malaga, Spain next week.
Organised by the European Commission, the International Association for Trusted Blockchain Applications (INATBA), the European Union Blockchain Observatory & Forum, and Alastria, the national blockchain of Spain – and with over 150 speakers from around the world and some 80 keynotes, panels, fireside chats, roundtables and meetings – Convergence is set to become a major gathering of the global blockchain community.
That certainly has been our goal. From the outset, we have sought to organise the first truly “worldwide blockchain congress” and to bring other participants “a chance to take part in direct discussion with the movers and shapers of the blockchain industry, and thereby help define not just the future of blockchain but the next generation Internet and digital economy.”
We wanted to do this via a program that is both broad and deep, with high quality speakers and participants, a focus on important, big picture themes as well as key technical, regulatory and legal details, and with an emphasis on networking, collaborating, innovating and exploring a common vision for blockchain and the decentralised world.
Join us in Spain and you will enjoy a chance to hear from and take part in direct discussion with regulators and policy makers as well as other important stakeholders, and so enjoy a unique opportunity to interact with many of the people and organisations who will be influencing the future of blockchain.
From the ECB to the Bank of Japan, the Libra Association to the Blockchain for Social Impact Coalition, the President of Latvia and EC Directors General to NGOs like Grassroots Economics, from world-renowned cryptographers and Oxford-based authors to major corporations, from the UN, OECD and WTO to key blockchain companies, SMEs and startups – we have brought together what we believe to be a unique group of central banks, regulators, government representatives, key European organisations, governments, corporates, academics, standards bodies and entrepreneurs.
Together, we will be looking at subjects as far afield as the decentralised future and the convergence of blockchain with other exponential technologies, blockchain for sustainability and stable coins, technology and the law and blockchain for privacy.
We will also be asking lots of questions: What does the European Commission and Central Banks think about regulation in a blockchain context? What are the latest developments and experience from UN and World Bank in deploying blockchain for “good”? Will the EDPB adopt guidelines to provide regulatory certainty for reconciling blockchain with the GDPR? Where are the international standards bodies when it comes to blockchain, and should we be setting standards top-down or bottom-up? What is going on in the blockchain community in Africa? How are the governments of Japan and Korea using blockchain to promote inclusivity, growth and jobs? What are the Bank of Brazil’s plans for stable coins? How can we best blockchain ecosystems, or use blockchain to balance electricity markets, improve education and safeguard data?
Our hope is that this mix will result not just in a superlative conference, but also in conversations and interactions, like no other in our space.
In the next articles in this series we will take a deep dive into all of these topics to give you a sense of the program. You can also view the program online here, and – if you don’t already – purchase one of the remaining tickets.
Advertisement Measuring The True Impact Of The Blockchain
- Tokenisation to be expected as one of the main trends in 2019
- Can Blockchain change the way we shop online
One of the main trends of 2019 is expected to be tokenisation. This can be anything from a pizza delivery service to artwork can be subjected to tokenisation. Along with AI development, tokenisation will give us an opportunity to order goods and services carried out by autonomous machines and pay with tokens for the completed work. If we take a look at a few aspects of day to day life that could be changed by both virtual assets and the blockchain.
Producers of goods and services are usually unable to predict consumer attitudes and behaviours. This can lead to a shortage or even an overproduction after billions have been built on building real-estate which ends up being unclaimed and abandoned.
Smart devices have the ability to record and analyse data obtained from each other. Said data is based on the constantly changing behaviours and attitudes in consumers.
Shopping online is one of the biggest things in the modern world. Changes in the consumer’s behaviour suggest a supply chain restructure. There are indications that warehouses and production should be located closer to the ‘city dwellers’ whereas delivery services should hire more employees than offline stores. But if you take into consideration the continuous development of AI and blockchain technology, this kind of work seemingly tends to be delegated to robots whose maintenance costs are expected to be lower than that of employees.
As CryptoGlobe state:
“In order to implement such a scenario, we should give robots rights to make decisions and to dispose of small amounts of money, namely, tokens. The Ethereum infrastructure allows for interaction between humans and robots, as well as between robots and robots in the form of a smart contract. For example, your smart fridge orders fresh milk to be delivered by an autonomous drone every morning.”
Ventures into New Markets
Thanks to the blockchain, there are a lot of new markets that were once only available to professionals or those who retained their monopoly through expertise. On top of this, tokenisation will allow the creation of an equivalent of any value – this will include assets that haven’t previously been expressed in a digital form.
“One of the most notable examples is carbon units, acting as the equivalent of CO2 emitted into the atmosphere by enterprises. Until recently, trade in these units was opaque and slow. Now blockchain allows them to be freely traded. This opens up a green capital market for countries, businesses, and even individual smart buildings for keeping records of their emissions.”
Who’s Who in Blockchain and Cryptocurrencies in the 2020 US Presidential Elections
- Few candidates speak openly of technology, blockchain and cryptocurrencies.
- John McAfee is the opposite extreme, as he approaches the campaign only as a way of making the technology known.
- Andrew Yang, who supports the regulation of crypto space, seems to be the best placed to face the primaries.
Democratic Party candidate Andrew Yang has made public his position in favor of greater regulation of the crypto segment.
Mr Yang advocates by clearly defining a tax structure, determining what a token is and what asset category a token corresponds to according to its functionality.
Other candidates have their positioning. Let’s see what other candidates think about Cryptocurrencies:
– Michael Bloomberg, Democrat – He is skeptical about cryptocurrencies but values positively the Blockchain technology positively.
– Steve Bullock, Governor of the State of Montana, supported economically the implantation of companies related to the Blockchain industry. In June 2017 he awarded $416,000 to a project to support the Bitcoin network.
– Kamala Harris, Democratic Senator from California, supports classifying Bitcoin as a commodity. She does not express other opinions on the matter.
– Pete Buttigieg, Mayor of South Bend, Indiana, answers the question about the classification of Bitcoin, assuring that the appropriate category is a commodity.
– Tulsi Gabbard, the Massachusetts state senator, had her first experience with cryptocurrencies in 2017. She bought Ether and Litecoin in December 2017, so her first experience didn’t end well. Candidate Gabbard highlights the safety issues of crypto assets and is concerned about the lax regulation of the crypto ecosystem.
– John Delaney, Republican candidate and former CEO of the New York Stock Exchange, was a member of the Congressional Blockchain Caucus.
– Howard Schultz, the former Starbucks CEO, is a blockchain technology enthusiast and defends the use of digital assets for their essential role in a future society without cash.
– John Hickenlooper, a Democrat candidate, led as Governor of Colorado the creation of the Council for the advancement in the use of blockchain technology. Denver is considered one of the friendliest cities with blockchain technology in the US.
– Washington State Governor Jay Inslee has worked hard to turn Seattle into a global hub in blockchain and cryptocurrencies.
– Finally, John McAfee. The eccentric millionaire directly asks not to be voted in the race for the presidency. His goal during the campaign is to publicize blockchain technology as an opportunity to empower the citizen and give him tools to escape government control, all thanks to Blockchain technology.
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VISA Creates a Blockchain-Based System to Handle Sensitive Data
The payment solution provider, VISA has come up with a blockchain-based system LucidiTEE to handle sensitive data. The R&D department of VISA has published a whitepaper which details about LucidiTEE. The system enables parties to jointly compute on private data. It uses protocols to ensure that all computations provide fairness and comply with policies, even when any subset of parties act maliciously. This will further help banks and other financial institutions to transfer the details to and fro.
Visa is a global payments technology company. It connects consumers, businesses, financial institutions, and governments to fast, secure and reliable payments.