World Blockchain Summit goes bullish in a bear market

The 20th edition of the World Blockchain Summit Singapore 2022 registered more than 1,300 global blockchain, crypto and Web3 industry participants under one roof to inspire and stimulate business opportunities through mutually beneficial collaborations across the Asia Pacific region. The summit featured an address by Chief Guest and Republic of Indonesia Ministry of Trade Jerry Sambuaga alongside industry heavyweights such as Illia Polosukhin, Jan Camenisch, Mance Harmon and Hassan Ahmed.

During his speech, Sambuaga spoke about the booming market in Indonesia and the wider Southeast Asian market, noting, “Crypto-asset trading in Indonesia could be one of the government’s strategies to accelerate and develop Indonesia’s digital economy by 2030.” He also added, “We saw the potential of crypto in that we could use it as a potential commodity for export. In December 2020, the transaction volume of crypto assets in Indonesia increased to 64.9 trillion rupiah, equivalent to 4.2 billion dollars, and in December 2021 it reached 859.4 trillion rupiah [$57.33 billion].”

Keynote speakers for the summit included Sedition Director Rory Blain, Sangkara Misa CEO Agustino Wibisono, Decentralized Investment Group Founder and CEO Haydn Snape and Redlight Finance CTO Alex Van Hulle, to name a few.

Blain spoke at length about how blockchain is transforming the world and even influencing digital art. He stated: “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 his work at a later date.”

Wibisono also shared his thoughts on the NFT market, saying: “The most important point of NFT is that it can be the new individual token for each unique individual with a defined ownership and identity. NFTs are intangible assets that will help to create more value and in turn unlock a new market.”

During the two-day summit, more than 60 blockchain solution providers, crypto projects, investment partners and community partners showcased their offerings and were able to network and meet with qualified investors, buyers and other stakeholders to promote their offerings, tokens and solutions, proving how resilient the regional blockchain ecosystem really is.

The World Blockchain Summit Singapore 2022, presented by Sedition and co-hosted by Sangkara, also gave startups a platform to showcase their innovative capabilities in front of global investors at the Startup World Cup pitch competition. Amaze World – a company that provides a new generation tourism platform, tourist attractions as well as facility centers using Web3 decentralized blockchain technology – won the pitch at the 2022 Startup World Cup in San Francisco. They will now have an opportunity to network with startups and investors at the grand finale of the Startup World Cup and pitch for an investment prize of $1 million.

“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 the APAC region, said Mohammed Saleem, CEO of the World Blockchain Summit.

The World Blockchain Summit’s next stop on its annual roadmap is Toronto, bringing together North America’s leading players in the space on August 18 and 19, followed by the flagship edition in Dubai on October 17 and 18, before rounding out the year with a final stop in Bangkok 13 and 14 December.

About the World Blockchain Summit

The World Blockchain Summit is a global series of elite gatherings taking place in more than 19 destinations worldwide.

It is a thought leader-driven initiative that brings together key stakeholders from the blockchain and cryptocurrency ecosystem such as investors, blockchain and crypto projects, exchanges, businesses, government representatives and technology leaders to discuss and assess the future of the industry and the revolutionary ways it can transform businesses and public functions .

The summit also features inspiring keynotes, pitch competitions, panel discussions, investor meetings, project presentations, industry use cases and a range of formal and informal networking opportunities.

About the organizer

Trescon is a global business events and consulting firm providing a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon specializes in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, exhibitions, demand generation, investor connect and consulting services.

Consult

• Sharon Nath
• +91 81059 7593
• Corporate communications manager, World Blockchain Summit