Blockshow Asia sends strong positive signals for crypto

Attending Blockshow Singapore, I only have one question in my mind – is the Blockchain scene still alive? Conferences are great for answering this question because unlike fake trade volumes, attendees cannot be faked.

Who’s Attending Blockshow – any new investors?

Upon arriving at the Marina Bay Sands Conference center, I was pleasantly surprised at the number of attendees: more than 3000 blockchainers packed the conference halls. Both conference halls had over 70% of the seats filled, which was a good sign as people were actually listening to the talks. The organizers made some cheeky “optimizations” by booking a smaller venue:  the main conference hall packed around 300 people instead of the usual 600 seen in other conferences. 

I’m watching out for new investors. High numbers of new faces to the blockchain space would mean that the scene is heating up again. It could also potentially signal an end to the year-long bear market. Unfortunately, CEO of Blockshow Addy Crezee stated that there are few new investors coming into this conference. 

Strong Development Focus

You’re going to need different types of people – can’t just be engineers. You’re going to need branding, marketing, financial consultants … everybody

Jeffrey Huang, Co-founder of Mithril

For once in a Blockchain conference, attendees are no longer comparing “top ICO deals” or “hottest altcoin tips“.  Unproductive ICO deal discussion dominated the conversation space at Consensus in New York this year, a conversation topic that breeds unwanted speculation into this space.

During Blockshow, discussions matured and revolved around about “what a team is developing?“. In addition critical debates were held over how to advance blockchain technology. This sends a strong positive long-term signal as we are guided towards health growth and advancements in this space. 

Working Products

I was lucky enough to catch a glimpse of the SBTG Shadow Fury with Vechain anti-counterfeit technology. Scanning the trainers with the Vechain Pro app will verify the unique ID on the shoe and match with records on the Vechain blockchain. The tag is directly sown into the tongue of the shoe and cannot be duplicated due to the strong encryption used. 

I have to say, seeing products in real life is much better than looking at drawings and whitepapers. The next step is to take this technology mainstream and into major brands (Nike is trialing this) and other products such luxury handbags. 

Security Token Offerings (STO)

CEO of Blockshow Addy Crezee gives a rundown of the conference

Security Token Offerings (STOs) have become a hot topic this year, with ICO engineers look to STOs as a way to reignite the fundraising fever. STOs offer direct value to token holders – by offering an equity share of the company, it solves many of the problems of Utility Tokens face. Token holders no longer need to as “what are the tokenomics” or “what makes this token valuable in the long term“.

However, there is catchextremely limited accessibility, especially in the US. Security tokens can only be traded between accredited investors who have more than $1 Million USD net-worth. 

There will be new terms like Token Security – which I always talk about. (Token Security) has an underlying asset that is a security, which already has an legal entity.

Professor David Lee, Blockasset Ventures

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