The 20th World Blockchain Summit is turning positive in a bear market
The 20th World Blockchain Summit is turning positive in a bear market
Amaze World wins the Startup World Cup pitch competition at the 20th World Blockchain Summit. Industry leaders come together to make the event a huge success
By Shashank Bhardwaj
World blockchain, speakers give a speech at business meeting. The audience in the conference hall in 2017; Image: Shutterstock
The 20th global edition of the World Blockchain Summit, presented by Sedition and co-hosted by Sangkara, was held at the Marina Bay Sands Expo and Convention Center in Singapore on July 14 and 15. Under one roof, the summit brought together over 1,300 global crypto and blockchain influencers, investors, startups, decision makers and media. The summit’s organizers hoped to inspire and stimulate business opportunities across the Asia-Pacific region through mutually beneficial collaborations. Jerry Sambuaga, Minister of Trade of the Republic of Indonesia, was the summit’s chief guest. Illia Polosukhin, Jan Camenisch, Mance Harmon and Hassan Ahmed followed him.
“Crypto-asset trading in Indonesia could be one of the government’s strategies to accelerate and develop Indonesia’s digital economy by 2030… We saw the potential of crypto in that we could use it as a potential commodity for export. By December 2020, the transaction volume of crypto-assets will in Indonesia alone increased to 64.9 trillion rupiahs, equivalent to 4.2 billion dollars, and in December 2021 it reached 859.4 trillion rupiahs [$57.33 billion]”, Jerry Sambuaga said in his statement.
The World Blockchain Summit aims to bring together global blockchain experts and technology players, including new startups, as well as regional businesses, government officials, IT leaders, tech entrepreneurs, investors and blockchain developers. Among the many industry leaders who spoke at the summit were Decentralized Investment Group founder and CEO Haydn Snape, Sedition director Rory Blain, Redlight Finance CTO Alex Van Hulle, NEAR Protocol founder Illia Polosukhin, Sangkara Misa CEO Agustino Wibisono, and Algorand- Head of DeFi Daniel Oon.
The two-day summit included enterprise use cases, government use cases, motivational keynotes, panel discussions, technology talks, a blockchain exhibition, startup competitions and a variety of networking opportunities. According to Sedition director Rory Blain,
“Blockchain is a historic game changer in the art world as it will allow proper identification and ownership of what was previously an infinitely reproducible resource. Never before in history has an artist been able to guarantee that they will receive a fair resale value of their work down the line. “
During the summit, over 60 blockchain solution providers, crypto projects, investment partners and community partners showcased their offerings. The summit also gave participants a platform to showcase their innovative capabilities in front of global investors at the Startup World Cup pitch competition. Amaze World, a new generation tourism platform built with blockchain technology won the competition.
Mohammed Saleem, CEO of the World Blockchain Summit, said in a statement:
“Singapore is rapidly transforming into one of the most digitized and technology-focused nations in Southeast Asia and the world. The World Blockchain Summit shed light on the adoption journey of various players in the space, with enlightening conversations and networking opportunities that will shape the future of Web3 technologies in Singapore and APAC region.”
Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist.
