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Asia Blockchain Summit coming in July, first 1000 onsite registrants on 7/2 gets Ledger Wallet ABS limited edition

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Asia Blockchain Summit coming in July, first 1000 onsite registrants on 7/2 gets Ledger Wallet ABS limited edition
Source: Asia Blockchain Summit 2019

Asia Blockchain Summit 2019 [ABS 2019] announced its collaboration with the world-famous hardware wallet company Ledger, who will sponsor 1000 ABS Limited Edition Ledger Wallets based on the classic Ledger Nano S that’s worth $200 to participants of ABS 2019.

Through the world-class platform of ABS2019, the collaboration is expected to raise the global crypto industry’s awareness of asset security.

Asia Blockchain Summit 2019, the biggest blockchain event in Asia, will take place in Taipei, Taiwan on July 2-3, expected to attract over 5,000 blockchain industry elites and over 300 top companies worldwide.

Apart from the main agenda, a huge amount of visitor flow and activities held by different companies will also liven up the whole week, making it a non-stop event of “Taipei Blockchain Week”.

The main activity of ABS 2019 contains two important parts:

A summit forum of 140 world top speakers for $150 [Full Pass ticket] and the blockchain theme exposition which is expected to bring a large number of crowds for $10 [Expo Pass ticket], both tickets are now available to purchase on the ABS official website, Huodingxing, and

Succeeding the popularity of last year’s ABS with 4000 people participating, this year’s summit and Taipei Blockchain Week is expected to have more than 10,000 people involved.

An influential event over Asia’s developing situation, bringing up highlights in crypto that draws the world’s attention.

  1. East Asia’s first STO friendly act may be introduced: Following the government’s preliminary bill of STO and public hearing in April, the supervisory institution announced that a more complete STO issuance bill will be officially introduced in June or July. By then, Taiwan can have a great chance in becoming the first country in East Asia of STO issuance, changing the blockchain industry’s development fate in Asia and opening up more possibilities in the East Asia region.
  2. Binance will organize its first global 1000+ fans meeting, the Binance Super Meetup, during Taipei Blockchain Week.
  3. High participation of the government: In addition to the presence of governments and authorities at all levels, ABS2019 also works in depth with the “Taiwan Congressional Coalition for Blockchain Industry” composed of more than 20 legislators, substantially promoting revolutionary breakthrough in regulations from the government’s angle.
  4. More than 130 top speakers dominating blockchain development in the world will be present, including Nouriel Roubini, Yi He, Arthur Hayes, Andy Bromberg, Charlie Lee, William Bao Bean and so on.
  5. Traditional enterprises and large financial institutions are about to enter the field: Taiwan’s large traditional banks and the Big Four including KPMG and PWC are all partners of the event.
  6. Collaborating with Ledger, giving away 1,000 Ledger Wallets to participants.

The biggest world-class blockchain summit in Asia, why Taiwan?

With blockchain moving towards the mainstream market, the global industry is actively communicating with national regulators and becoming mature while Taiwan’s friendly regulations are at the forefront of the East Asian blockchain industry. Taiwan’s financial supervisory institution also announced a complete STO regulation coming out in June. Such breakthroughs in regulations will also change the industrial aggregation pattern in East Asia.

In-depth collaboration with policy makers is a crucial part of the event. Essential authorities including the Financial Supervisory Commission [FSC] and National Development Council [NDC] will also attend the summit.

Taiwan may be the first in East Asia implementing the STO regulations with its official introduction in June or July following FSC’s preliminary bill proposed in April.

With the breakthroughs in regulations, Taiwan can be of a great chance becoming the only place to develop STO in East Asia, changing the Asian blockchain industry’s fate and opening up more possibilities in the East Asia region.

ABS2019 will also have the high participation of the government. In addition to the presence of governments and authorities at all levels, ABS2019 also works in depth with the “Taiwan Congressional Coalition for Blockchain Industry” composed of more than 20 legislators, which not only enhance the substantial influence of ABS2019, but at the same time take actual action in promoting revolutionary breakthrough in regulations from the government’s side.

130+ world’s most influential industrial leaders gathering in ABS2019

ABS2019 also announced the summit agenda which covers 7 major topics: the government and regulations, enterprises and blockchain, digital currency market, blockchain ecology, disruptive financial innovation, in-depth blockchain technology and decentralized future. Furthermore, the discussion around the Asian government will also without a doubt affect the blockchain industry situation in East Asia.

ABS2019 welcomes many distinguished guests from the blockchain industry, including the economist Nouriel Roubini [nicknamed “Dr. Doom”], who has been criticizing crypto currency, BitMex Co-Founder/CEO and Binance Co-Founder Yi He, Chief Strategy Officer of crucial bitcoin tech-developer Blockstream Samson Mow.

The guests also include Co-founder and President of the branch company of AngelList from Silicon Valley, the blockchain fundraising platform CoinList, President Andy Bromberg, founder and CEO of Klayman LLC, the leading blockchain law firm in New York, Joshua Ashley Klayman, executive director of hardware wallet service provider Ledger and head of Asia Pacific Benjamin Soong, co-founder of the stable coin new Paxos Richmond Teo et al.

ABS2019 will reach the core of blockchain, while practically discussing the development and trend of the technology. Economist Nouriel Roubini accurately predicted the 2008 Financial Crisis in The 12 Steps to Financial Disaster.

As being a constant critic to crypto currency, he’s going to have an intense debate with many industry experts about the future of decentralization

The summit will also focus  more on the trend of blockchain market:  He Yi of Binance will talk about her experience and the future plan for Binance, founder of 3 billion daily trading volume exchange BitMEX, Arthur Hayes will explain the potential market for Bitcoin derivatives, and Samson Mow of Blockstream will also join the discussion with multiple experts about the challenges and breakthroughs of the Bitcoin blockchain in Layer2 Solution. More in-depth discussions are expected to be involved in the event.

Special serial activities: collaborating with blockchain world leader companies like Binance and Ledger

ABS2019 is hosted by the blockchain industry media “BlockTempo” and the blockchain tech-company “OBITO.IO” blockchain global companies like Binance and Ledger also join as partners, together making bigger value and world influence of the event.

Source: Asia Blockchain Summit 2019

One of the special Activities is the Binance Super Meetup. Binance worked in depth with ABS2019, organizing Binance’s first global 1000+ fans offline event in the history on the evening of July 2, the same venue of ABS. By then, more than 1K BNB fans from around the world will gather in Taipei, participating in Taipei Blockchain Week and the upcoming event in Asia.

Taipei time 7pm on July 2, at the ABS2019 exhibit hall, Binance Co-Founder Yi He will show up with representatives of Taiwan Binance users and the Binance Angels, interacting with global users and discussing the development of Binance ecology.

In addition to receiving special limited gifts from Binance, participants will even get the precious chance of a “Dinner Date with Yi He” during the activity. Pay close attention to ABS2019 for more details and registration information released in the near future.

Co-Founder of Binance He Yi announced:

“We’re very pleased to partner with ABS2019 to hold the Binance Super Meetup and communicate with the global community of Binance. Binance is about to celebrate its 2nd anniversary, and we can’t go this far without the support of our users around the globe. We welcome everyone from the community to our super meetup, and together we shall build up a better ecosystem for Binance and all its users.”

With cryptocurrencies like Bitcoin moving towards the mainstream and attracting more participants, ABS2019 hopes that through the collaboration with Ledger, to enhance digital currencies’ influence on the mainstream application and its owners’ awareness to asset security.

***1,000 ABS limited edition of Ledger hardware wallets will be given to the first 1000 onsite registrants of the summit on July 2nd. More details and the latest news can be found on official channels.***

Ledger also shared some words about partnering with ABS:

“As a global leader in the blockchain asset security industry, it’s our honor to be one of the sponsors of this year’s Asian Blockchain Summit. Taiwan is known for its high-tech industry and has a key role in the development of blockchain technology in the Asia Pacific region. Taiwan is celebrated for its high-quality development talents, and the market here is also gaining more interest for blockchain and cryptocurrencies. For Ledger, we are of great pleasure to participate in Taiwan’s largest annual event.”

Taiwan, the blooming Blockchain island, aims to be the game changer in Asia

In ABS2019, public and private sectors from banking group, major local enterprises, FSC, NDC, to the Ministry of Economic Affairs have all shown strong aggression and positive attitude towards innovation, not only to establish an effective and moderate supervision on the regulations,  but also jointly promote the development of the blockchain industry infrastructure, creating the so-called Blockchain Island.

With a friendly regulatory environment, talented human resources and the superior location, Taipei City has become the perfect place for the Asian blockchain Summit.

Last year, Taiwan’s blockchain industry established a self-regulatory organization in Congress. This year, Taiwanese financial regulators are preparing to introduce STO regulations around July.

With the worldwide influence brought by ABS2019, this event shall start a new chapter for Asia’s industrial ecology, bringing new opportunities to the blockchain world.


BlockTempo is the most influential blockchain media in Taiwan and has hosted more than hundreds of events from the largest international blockchain summit in Taiwan to weekly meetups.

It also runs multiple online communities in which the topics vary from technology, investment to industry pioneers.

BlockTempo has been focusing on filling the information gap and barriers between Taiwan and the world. Through different content including  live streaming, real-time report, technology, entrepreneurship, industry, investment trends and in-depth perspectives, Blocktempo is making great attempts to speed up Taiwan’s industrial revolution in the era of blockchain.

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Guest Post

Balancing Cypherpunk Principles and UX With Multi-Party Computation

Guest Author



Balancing Cypherpunk Principles and UX With Multi-Party Computation
Source: Pixabay

One of the fascinating, and frustrating, aspects of the broader cryptocurrency space is the prevalence of trusted third-parties in an ecosystem built on the notion that trusted third parties are security holes. From honeypot exchanges to custodial services with “bank-level encryption,” much of the crypto ecosystem is non-representative of its origins.

Without diving into the adverse outcomes of these third-parties in the ecosystem, of which there are many, one of the underlying frictions of centralized security is the inherent trade-off between security and user experience [UX].

The crypto landscape is esoteric enough as it is, let alone requiring users to manage their own keys and understand concepts like GAS on Ethereum. In fact, new user onboarding was named as the biggest obstacle to dapp development by projects on Ethereum. While there have been strides made in UX among many crypto products, ranging from DeFi tools to wallet interfaces, there is much work to be done.

The daunting task of converging security and UX into a safe and user-friendly experience has received a glimmer of hope in recent months, however, due to a unique subfield of cryptography–secure multi-party computation [sMPC].

A Wave of sMPC Innovation

The core concept of sMPC is to collectively derive a unique computation from a subset of individual fragments like non-trusting computers. Imagine a puzzle with individual entities, each holding a piece, and the final image only materializing after a specific threshold of pieces have been put together.

MPC has been lauded as the next fuel for innovation in onboarding users to crypto by reducing a significant portion of the barrier to entry — mainly key management.

“Ultimately, using sMPC, we can realize the separation in data of the right to use and the right of use, and directly calculate results on multi-source and heterogeneous ciphertext data,” detailed ArpaChain CEO, Felix Xu, in a ChainNode AMA. ArpaChain has emerged as one of the leaders in sMPC globally, and already has a functioning product on its testnet.

Their insights and innovation into sMPC represent a broader initiative to reconcile the issues of security vs. UX.

At a high level, sMPC empowers users to compute something over a large set of data without revealing their individual inputs, furnishing enhanced privacy, and a means to produce a specific outcome. Consequently, sMPC affords advantages over two existing modes of key management: multi-sig and hardware storage.

Hardware wallets and multi-sig are both complicated to use for mainstream users. Hardware storage is offline, and connecting it to online sources breeds security challenges. Conversely, multi-sig works to an extent, but services like Casa are out of the price range of most consumers and also out of their technical peripherals.

Hot wallets [i.e., online wallets] continually demonstrate their proclivity for being hacked, and while they offer the best UX, they are major security vulnerabilities — once again highlighting the quandary of balancing security and UX.

With sMPC, security is bolstered by the fact that no single entity controls the key, and UX is improved because there can even be “keyless” services using sMPC. The perfect crypto wallet does not exist, but sMPC may come to redefine that narrative.

Outside of wallets, the market for sMPC solutions for enterprises is enormous, and an area where ArpaChain is looking to make an impact.

“The ARPA project aims to provide businesses and individuals with private computing power and secure data flow solutions,” says Xu. “The entry point of ARPA is enterprise-level privacy data sharing.”

ArpaChain to The Rescue

Requiring developers to consistently worry about security vulnerabilities takes away from their ability to focus on improving UX and other aspects of blockchain-based applications. Similarly, continually encrypting and decrypting data creates high technical barriers, something which sMPC diminishes.

But some of the real magic also derives from the ability of sMPC to remain secure even in a hostile environment.

Xu stated,

“We have implemented an agreement to support the participation of any party, and as long as there is an honest node in it, it can ensure the security of the data. Either of these two points is a breakthrough, and as far as we know, the vast majority of projects can only support the involvement of two parties.”

This is a powerful feature. No longer do parties need to independently hold keys that serve as singular attack vectors. With such security assurances on the back-end, a better UX can be transferred to the front-end — such as “keyless” wallets — which are already happening.

Providing users with an experience that does not require key management is a compelling step forward for the industry. Add in the ability of exchanges and other financial entities to securely, and privately, compute functions over large shared data sets [i.e., blockchains], and sMPC just might live up to its impressive reputation.

Xu mentioned,

“Imagine multi-party joint credit information, data leasing, secure data analysis, and other scenarios in the financial industry such as multi-source data joint risk control in the insurance industry with sMPC. In the future, applications will exist for corporate finance, marketing, medical applications, and even artificial intelligence.”

ArpaChain achieves this dynamic balance using an off-chain, layer two structure — making ARPA compatible with any public blockchain.

Xu said,

“The ARPA secure computing network can be used as a second layer to provide privacy computing capabilities for any public blockchain, enabling developers to build efficient, secure computing networks on ARPA computing networks, while also protecting the data privacy of business applications. Enterprise and personal data can be safely analyzed or utilized on ARPA computing networks without worrying about exposing data to any third party.”

A confluence of security, privacy, and better UX — a compelling proposition.

Overall, sMPC effectively removes the requirement of trusted third parties for security [i.e., custody], the cold/hardware storage solutions preferred by exchanges, and affords a better UX by removing significant points of friction altogether like key management.

What’s the cherry on top? Better privacy.

For enterprises, mainstream users, and the broader trajectory of crypto adoption alike, that’s a potent recipe for success.

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