Some major goals set by E-Chat for 2018 with the company wanting to go from 50,000 app installs in December to 10 million by same time next year.
Hoping to ride that cryptocurrency wave by allowing users to monetise their social media profiles.
Tipping your friends with cryptocurrency for their social content…that new profile pic on Facebook is about to become a whole lot more valuable than 100+ likes.
At least according to the guys at E-Chat.
Key take aways from the Vyral talk:
– Telegram is a very powerful tool for growing your community in an organic way through the power of recommendations.
– Smart Contracts and Blockchain technology is helping build trust in your brand
– Reward your most influential and active brand ambassadors
“Incentivise your community to do peer-to-peer advertising, and reward them for their actions via pre-determined smart contracts…your community becomes your broadcaster” – Lee Pennington
“Incentivisation is a key marketing tactic for payments and ICO companies.” – Lee Pennington
After that ominous warning… let’s see how you can turn your ICO viral (Vyral) with Lee Pennington from Vyral
There is a lot to be wary of with ICOs, but BlockEx are making a strong case that it has a big future across multiple industries…
…As long as there is good governance!
Talk of lawsuits for many ICO offerings and future legal battles down the line.
“First ICO was Mastercoin, created in 2013 and raised only $500k…ICO market cap doubled from July 2017 to September 2017 to over $95 billion” – Aleks Nowak
BlockEx up next – a digital asset exchange platform
Essentially they’ve created a stock exchange for diamonds.
Yet another industry Blockchain is helping to revolutionise.
Blockchain compliments other technology.
“$200 Billion worth of dollars are sold every decade.”
CEDEX is forming a Blockchain that acts as a link between the supply (Diamond Dealers and Private Diamond Holders) and demand (Crypto and General Investors) in an attempt to standardise the diamond market.
TRANSPARENCY, TRANSPARENCY, TRANSPARENCY!
This is the key value proposition that so many of the companies at Blockchain Summit are pushing today.
Exploring machine learning from the get go and how this is helping to create a transparent market for the diamond trade.
We are all refuelled and ready to go again after lunch!
We are at the CEDEX talk on how Blockchain is transforming diamonds into a financial asset.
“How can Bitcoin replace the US Dollars?”
*cue audience laughter*
“The UN will never become better than the 192 countries allows it to be” – Grete Faremo
A question from the floor about the UN developing their own ICO prompting a strong statement from Grete.
“A Blockchain is only as good as the data that’s put on it. The Blockchain won’t solve the human element of transaction data manipulation.” – Alexandra Alden
“Big gap in developing countries for seed capital due to lack of trust. But if it starts being dispersed via a blockchain ledger there is evidence that the capital is being utilised effectively. This engenders greater trust” – Alexandra Alden
“Microcredits technology will bring new perspectives to emerging markets and create more efficient processes” – Alvaro Pinto
“Money goes through multiple banking transactions and platforms, especially in international development, are there ways to simplify this using Blockchain?”
Good question Grete!
The answer, according to Alexandra Alden is “yes!”.
A shared unanimous ledger can cut out many of the middle-men often involved in transactions and build trust between businesses and the end vendors.
“Currently many projects just aren’t scalable enough to be available for use in the wider-commercial space, more research needs to be done into making Blockchain scalable and when this happens the transaction costs will come down” – Igor Lebedev
“Blockchain gives people access to digital goods in developing countries and emerging markets who currently can’t access using traditional methods” – Alvaro Pinto
“$400 billion flow into developing countries annually – and all of this has a transactional cost” – Grete Faremo
Can Blockchain be the solution to reduce complexity and cost around this cash flow?
“There is still an issue of trust in Blockchain acceptance” – Grete Faremo
“How can Blockchain help develop emerging markets?”
Your speakers are:
Grete Faremo, Executive Director, UNOPS
Alexandra Alden, Strategist, Fuse Project
Igor Lebedev, CTO, SONM
Alvaro Pinto, COO, AppCoins
Blockchain is so much more than Crypto.
Bitfury talking about use cases spanning government, healthcare, identification and supply chain management.
See more at https://exonum.com/
Exonum Blockchain is an open source software framework for Blockchain solutions which integrates and connects with both emerging and legacy systems.
“An enterprise-grade Blockchain solution needs performance, security, trust and scalability” – Willem-Jan Bruin, Director Western Europe – Enterprise Grade Blockchain Solutions, Bitfury
And we’re back…
The pre-lunch session kicks off with the guys from Bitfury talking about their private Blockchain solution.
That’s it from the Panel Session.
Really insightful discussion and a lot of optimism for the future of Crypto and Blockchain technology.
Price stability is still a major challenge for the practicable use of cryptocurrency.
PSD2 is being touted as potential regulatory solution that might help reduce volatility.
Check out the white paper from German FinTech AEVI to understand a bit more about the potential impacts of PSD2.
There is a universal agreement that Blockchain is the future of finance, but the sticking point seems to be how soon is the change going to happen?
“It’s all about scalability” – Justas Pikelis
“The change will come faster than the original digital-revolution” – Jeremy Millar
“It’s going to take a while until the end points are all crypto…but the change is coming.”
“Once you’ve tasted crypto you don’t want to go back to the world of legacy fiat currency.”
“If you’re a Fintech startup you don’t even want to start with fiat…you’re going to start on the Blockchain.”
Jeremy Millar dishing out some hard truths on the future of FinTech and the inevitability of crypto-adoption.
Justas Pikelis, Co-Founder, Monetha has joined the panel.
“The issue for regulators is consumer protection…the Ethereum Blockchain is helping create a globally consistent centralised regulation network” – Jeremy Millar
“Regulators are miles behind where they need to be with Blockchain…to over-regulate at the beginning is a big mistake” – Juerg Unger
“Apart from owning Bitcoin, who here is earning money from developing Blockchain solutions?”
Only two people in the room raise their hands.
Consumer payments and digital currencies are to be the main focus of the panel session.
Your starting line-up is…
Murall Rathnam, Head of Business Solutions Engineering, Western Union
Juerg Unger, Head Custody & Vendor Relationship Management, Swiss Re
Jeremy Millar, Founding Board Member, Enterprise Ethereum Alliance
Now time for the first Panel Session of the day – “Transforming the Architecture for Money Transfer” featuring Jeremy Millar from Enterprise Ethereum Alliance
The rooms here are Choca-Block…
Blockchain being used in the fishing industry to track catches and help prevent illegal fishing…it seems there are trully limitless opportunities for Blockchain.
Kelly LeValley Hunt, VP Sales, BlockApps is here now to tell us about Blockchain Use Cases shaping the new world.
“The press is an immutable ledger…a real life Blockchain”
“Should we have a public or private Blockchain?”
As we enter the first session of the day here at Blockchain Summit, Bitcoin has just hit the fabled $10,000 mark!
“Decentralise all the things” – Dmitrii Zaretskii
Potential tattoo for all you Blockchain fans?
“In 10 to 20 years the majority of people around the world will have a cryptocurrency portfolio” – Dmitrii Zaretskii
Early caution, but ending on a very optimistic note for the future of cryptocurrencies and ICOs.
“The prices of Bitcoin are not real – be wary” – Dmitrii Zaretskii
A cautious start from the Blockchain entrepreneur.
Latest price this morning, according to Coin Desk, is $9,870 (and growing).
Will the bubble burst?
Dmitrii Zaretskii, CEO, Open Trading Network is now on stage talking about connecting blockchains via blockchains….it’s all getting very Inception!
That’s your lot from David.
Great start to the day, and a fantastic introduction to the many possibilities that Blockchain has for the Finance and Payments industry.
A quick Q&A and then we are moving swiftly on to the decentralisation of transactions.
The “Internet of Things” is becoming the “Internet of Value” – David Janczewski
Collaboration is key!
“Once financial institutions collaborate, the impact of Blockchain will be radical” – David Janczewski
Follow us on Twitter @AdastraUK for even more insight https://twitter.com/AdastraUK
“There’s 48 use cases for blockchain technology in industry, and 25 for financial services alone” – David Janczewski
HUGE potential for a true transformation of the FS industry.
First up it’s a keynote speech from David Janczewski from the Royal Mint talking all about the importance and impact Blockchain is having on the wider financial industry…
We’re live all day today from Blockchain Summit. Stick with us for all of the latest news and insight from the exciting world of Blockchain.
Where to find us
Ad Astra (UK) Ltd
Suite 2, Bicentennial Building