On October 23, the international company Smile-Expo conducted the second Blockchain & Bitcoin Conference Malta. Crypto meeting has become the 50th anniversary event of the company’s blockchain series and has been visited by the CEO of Malta Digital Innovation Authority – the main blockchain regulator in the country.
Speakers and Key Points
At the conference, leading experts have come together to share knowledge about the DLT industry’s trends. The program of the event has included 5 panel discussions where speakers focused on DLT and IoT, Tokenization, Legal Side of Crypto, ICOs, and Blockchain Hacking.
Opening of the Event
The conference was opened by Stephen McCarthy, CEO of Malta Digital Innovation Authority [MDIA] – the regulator responsible for technology promotion and expansion in the country.
The investor & Deputy CEO at DLT-based solutions provider Fundshing – Bruce Jeong – has also delivered the welcoming speech to the guests of the event. He has presented the Smart Crypto City project and explained how the technology can be used in cities.
New DLT Uses
The main focus of the conference was the panel discussion about DLT integration in various sectors. The partakers have presented the possible technology uses for transportation, real estate sector, medicine and AI.
During the discussion, Yael Tamar, CMO of iOlite, has drawn attention at how DLT can improve logistics. According to the expert, the global supply chain is huge, however, inefficient due to the lack of traceability and cargo thefts. She suggested a solution – applying DLT as she sees it as a perfect match for the industry.
To make the argument legitimate, she has talked about the real example from Olistics, the company which launches a PoC demonstrating live shipments and changes-of-custody in real-time including the ability to monitor cargo conditions. As of September 2018, hundreds of smart contracts are already deployed.
Juergen Hoebarth, founder of Tokenization Limited, told the listeners about the ways DLT is transforming supply chain as well and presented the real cases of the technology use in flight insurance, gaming, real estate and healthcare.
He believes that DLT assists in knowing the status and condition of every product. Also, with its help, consumers can learn where their purchases come from and how they were produced. The technology can even help to confirm that diamonds and some precious metals are free from conflict.
Legal Aspects of the Technology
The other panel discussion was dedicated to the regulations of the technology. Participants have analysed how DLT complies with GDPR and made a comparison of tax rules in Malta, Switzerland and the US.
During the discussion, guests of the conference had a chance to talk to the leading lawyers, ask questions and get consultations for free.
Raising Capital with Reg D
Gordon Einstein, Founding Attorney at CryptoLaw Partners, described how to gather capital with Reg D – Securities and Exchange Commission [SEC] regulation governing private placement exemptions.
He explained to the audience how to use Reg D and stay out of legal troubles on the way to fundraising success. According to Einstein, the “do’s” for using Reg D include conducting a “private placement” of securities and raising unlimited capital from an unlimited number of “accredited investors.”
Among the “dont’s” there are messing around with “unaccredited investors” and misrepresenting material facts.
Trading with Success
Cryptocurrency trading was analysed by the founder & CEO at Midas Touch Consulting and professional trader – Florian [Florzinho] Grummes.
For successful deals on exchanges, the expert advised the audience to create a plan, consider position sizing and develop a principle-based approach. “Psychology is at least 80% of your trading success,” believes the specialist.
Exhibitors and Sponsors
At the event, visitors had an opportunity to visit a demozone where companies have demonstrated their latest developments in the cryptocurrency industry. Various mining accessories and new software have been exhibited.
Software company PickPack with offers new ways for approaching logistics was a participant of the demozone. The organization presented solutions for last-mile and same day deliveries.
B2B application KYC-Chain has acquainted the visitors with solutions for managing KYC processes for both individual and corporate customers. Among the products of the platform, there are special templates and API to make the compliance process easier.
The company Hotmine which provides a new insight into mining was the Mining 2.0 sponsor of the conference.
The silver sponsor – Steve Muscat Azzopardi, the Head of Corporate & Fintech at the Maltese law firm Chetcuti Cauchi Advocates. He has also delivered the presentation “Smart Contracts – from Hype to Business.”
The investment partner of the event – TaaS Capital Fund [NCF] which enables the easy cryptocurrency assets management.
Major investment companies and venture capital firms have been welcomed at the conference. Among them there were DLT solutions provider Fundshing, NY-based global investment management firm Intrinsic Value Investment Partners [IVIP] and investment advisory firm InvestorsAlly.
The event was also visited by investment consultations provider Kylin Prime Group and UAE’s private investment firm The National Investor [TNI].
The conference was conducted by the international company Smile-Expo – the organizer of 48 successful crypto events in 25 countries. Next events from the Blockchain & Bitcoin Conference series will be in Moscow and in the Philippines.
The schedule of the events – on the website of Smile-Expo.
Are Blockchain Casinos on the rise?
Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.
Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.
What Is A Blockchain Casino?
Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.
A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?
Why A Blockchain Casino?
You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.
This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.
When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.
Issues With Blockchain
There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.
The Rise Of Blockchain Casinos
From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.
Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.
Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.
With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.
It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.
On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.
We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.
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