World Blockchain Summit is going bullish in a bear market

The 20th edition of 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’s Ministry of Trade Jerry Sambuaga along with industry heavyweights such as Illia Polosukhin, Jan Camenisch, Mance Harmon and Hassan Ahmed.

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

Top 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 chief technical officer 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 historical game changer in the art world as it will allow proper identification and ownership of what was previously an endlessly reproducible asset. Never before in history has an artist been able to guarantee that they will get a fair resale value of their work down the line.”

Wibisono also shared his thoughts on the NFT market, stating, “The most important point of NFT is that it can be the new individual token for every unique individual with a defined ownership and identity. NFTs are intangible assets that will help 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 truly is.

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

“Singapore is quickly transforming into one of the most digitized and technology-focused nations in South-East Asia and in the world. The World Blockchain Summit shed light on the adoption journey of various players in the space, featuring enlightening conversations and networking opportunities that will shape the future of Web3 technologies in Singapore and the APAC region,” stated Mohammed Saleem, CEO of World Blockchain Summit.

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

About World Blockchain Summit

World Blockchain Summit is a global series of elite gatherings that take place in more than 19 destinations across the world.

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

The summit also features inspirational keynotes, pitch competitions, panel discussions, investor meet-ups, project showcases, industry use-cases and a host of formal and informal networking opportunities.

About the organizer

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

Contact

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

Leave a Reply

Your email address will not be published.