A number of blockchain conferences and related events have been lined up for the final months of 2018. These are events that will probably chart the course for the next phase of evolution in the blockchain industry.
Blockchain conferences and other related events have earned the reputation of platforms where networking and partnerships between key players in the industry are usually established. Several fruitful collaborations and key developments that exist today in the blockchain ecosystem are products of conferences.
Besides networking, these events serve as the ideal platforms to showcase new and ongoing products and also the individuals behind them for the purpose of industrial visibility. Investors are not left out as they find these events as opportunities to properly investigate projects which they may desire to become a part of.
Some key events have already been lined up and are set to systematically unfold, as the year 2018 winds down. Among them are the following:
iCapital Blockchain Cocktail Party, Singapore
Singapore is quickly emerging as a blockchain base, in Asia since the crackdown in China is forcing investors to find a more conducive environment to operate. There has been a sharp increase in the number of companies launching ICOs from Singapore in 2018. The same applies to industry-related activities going on there.
The iCapital Blockchain Cocktail Party is set to take place at the Bayswater Kitchen Singapore on 20th September 2018. The event begins at 7 pm, local time. The highlights of this event will include discussions about ongoing trends and developments in the blockchain industry and a lot of networking opportunities.
An Investor panel discussion shall be moderated by Ran Neu-Ner from CNBC and the panelists shall include iCapital.io – Agada Nameri, General Manager, XSQ – Lim Hong Zhuang, CEO, Kenetic – Jehan Chu, Co-Founder, and Managing Partner, First – Yaniv Feldman, CEO of One-Alpha.
Asia Blockchain Week
Also, in Singapore is a 5-day coming together of experts in a series of events between 27th November and the 1st of December that includes a BlockShow where industry participants cutting across various levels will have the opportunity to interact at close range.
The program of the event will include fun and relaxation moments and expo events where blockchain hubs, accelerators, and companies in Singapore will open their doors to participants.
Think Outside The Blocks, Seoul
Despite the ban on some blockchain related activities in the mainland of South Korea, it has not lost its reputation as a friendly ecosystem for technological innovation. As a matter of fact, the governor of Jeju, the largest island off the coast of the Korean peninsula, Won Hee-ryong had earlier this year proposed the region to be designated as a special zone for blockchain and cryptocurrency.
The upcoming event will feature an elite community of influencers, media, and 40+ powerful speakers in the global landscape. In terms of networking and fostering partnerships, using Block Seoul-exclusive technology, startups and ICOs seeking capital will be matched with investors, funds, and VCs from over 30 countries.
The event shall be held at the Sebitseom Island Complex, between the 17th to 19th of September, 2018. There shall, however, be a pre-conference cocktail on 16th September by 7 pm local time at the same venue.
Beyond Blocks Blockchain Week, Bangkok
The friendly regulatory framework of Thailand has positioned it as the darling of blockchain startups and establishments. After adopting its regulations for cryptocurrencies and ICOs in July 2018, the nation’s capital has become a beehive of crypto-related activities with several companies applying for various licenses to operate within the region.
A 5-day blockchain summit [Beyond Blocks Blockchain Week] is set to take place between the 26th and 30th of November, 2018 in Bangkok. This summit is planned to facilitate a face-to-face meeting for participants with the movers and shakers of the blockchain industry. It is primarily a networking and meetup opportunity, forming a significant part of the movement to drive the blockchain community forward in Asia.
Malta Blockchain Summit
Among the handful of blockchain-friendly jurisdictions around the globe, Malta stands out with perhaps the most forward-thinking regulatory agenda. The European island state has established itself as the No.1 spot for crypto trading, in the process earning the nickname “Blockchain Island”.
The Malta Blockchain Summit holding on the 1st and 2nd November 2018 is expected to present an opportunity for a buzzing expo and riveting discussions about the world-changing potential applications of the Blockchain as well as AI, Big Data, Quantum Technology, and IoT. The Summit anticipates 5,000 delegates and will also feature a Hackathon as well as an ICO Pitch with hundreds of investors.
Blockchain Forum For Movers and Shakers, San Francisco
The United States and the city of San Francisco is no stranger to blockchain activities. As a matter of fact, it is the city that hosts the popular hotbed of technological innovations, Silicon Valley. Several developments are currently ongoing in the US that will significantly affect the future of the crypto ecosystem, especially in terms of defining a regulatory framework.
The Forum will feature several big names in the industry, discussing the issues and developments that will determine the direction of blockchain and associated technologies in the near future. The 4th and 5th of October 2018 event is expected to offer participants the opportunity to have a view into where the industry is headed by listening to the industry’s forward thinkers.
76156|Crypto companies beware-the risks of human error are too great to ignore
If there are three things we know about the human error, it’s that it can be costly, dangerous, and ultimately inevitable.
No matter how competent or intelligent a person is, they are bound to make mistakes, and a single error can lead to substantial losses and devastating repercussions to any company that does not take proactive measures.
This is especially true when it comes to managing or accounting for crypto. Although solutions exist to automate manual tasks and streamline finance workflows, many crypto companies continue to depend on a human workforce, leaving them susceptible, because no human is infallible.
Statistics show that overdependence on human skill is a liability not only in the world of crypto but in any company across many vastly different industries.
To demonstrate the severity of the human error and how it can impact your company, let’s take a look at some of the most telling statistics:
For businesses, incorrect or inconsistent data entry can lead to major issues when filing taxes or completing an audit. For crypto accountants, bookkeeping errors can lead to miscalculations of the business’s financial health and can result in inaccurate projections for reports, growth and total revenues.
Any professional will stress the importance of accuracy and verification for manual data entry. It’s simple, mistakes cost money, reputation and even trust from their customers.
Most crypto CFOs and CEOs are keenly aware of the overall need for increased cybersecurity. But they mistakenly approach the problem from the outside in, rather than the other way around. They believe the biggest threats are external and malicious, but nearly 90 percent of cyber attacks stem from human error.
This can even occur without an employee even realizing it, and many employees have exposed themselves and their companies by responding to phishing emails or using weak passwords.
The stakes are incredibly high in the world of cryptocurrency. One compromised employee account can result in potential financial losses for a company, or endanger the privacy of users or customers. It’s more critical than ever for crypto companies to mitigate risks originating from human error, and employ preventative solutions.
Instead of solely focusing on hackers [who rank fourth among all threat actors, according to Netwrix], c-suite leaders should be focused on investigating tools such as Blox.io, a crypto accounting and bookkeeping platform that provides automated and intelligent technical solutions to circumvent the issue altogether.
Humans are to blame for the vast majority of workplace mistakes. Crypto leaders should absorb this point in particular because people tend to trust human intuition over computer logic. But,over-reliance on employee accuracy could lead to serious problems for any company with too much trust, and not enough checks and balances in place.
On the crypto accounting side, employees may accidentally forget critical workflow steps, incorrectly calculate cost basis or mislabel transactions, or create organizational chaos across accounts, exchanges, and wallets. These acts aren’t intentional, but the consequences are undeniably detrimental to a company’s success, reputation, and bottom line.
Data centers are one of the most vital components to almost every industry in existence. They host our data, private user information, websites, cloud services, and essentially everything that takes place online is flowing through data centers across the globe. To exemplify, Facebook recently faced a social media backlash after its servers went down for hours, with many businesses suffering the loss of service and revenue.
When considering that 22 percent of unplanned data center outages are caused by human error, this should raise legitimate concerns over how data is stored and protected. Moreover, if an interruption in server uptime causes a crypto exchange to go down, the repercussions can mean a loss of millions and major backlash from users. The potential for disaster is real, and this is why businesses must be deliberate and proactive.
To conclude, humans are the driving force behind innovation, and employees are essential for critical thinking on high-level decisions and strategy. However, when introducing automation and technology, businesses can limit their exposure to the risks caused by a human error while still leveraging the experience and intuition of the human workforce.
For any company, crypto or traditional, the fear of human error is real and is unlikely to simply vanish. The only means to protect against human error is to use smarter and more innovative technology to assist and empower your human workforce. By integrating technical solutions, businesses can improve productivity, boost performance and protect against costly human mistakes.
Adam Efrima, Co-founder, Blox:
Adam is a blockchain entrepreneur and active member in the Chinese Financial and Fintech industry, living in Shanghai for over 8 years. Adam previously served in leading roles at the Chinese financial conglomerate, CITIC, and eventually founded the Shanghai office for eToro. After being deeply involved in the blockchain space for several years, Adam went on to co-found Blox.io, where he leads the Blox China headquarters, with plans to expand across APAC.
76008|Machi X Beta launch sets pace for new Intellectual Property marketplaces
Machi X – an open marketplace for copyright and intellectual property rights -has officially launched its Beta version of the platform, setting the standard for blockchain-based tokenization of copyright and IP rights. Originally conceived by famous Taiwanese musician, Jeffrey Huang, Machi X connects fans and artists directly, enabling fans to purchase fractionalized ownership in artist creations [i.e., songs] via tokenized copyrights.
Artists and musicians have struggled to keep pace with the rise of P2P technologies that have largely precluded them from maximizing their opportunities for profiting from their work. Further, the prevalence of intermediaries in traditional music revenue structures has hindered better profits for artists.
Machi X changes that paradigm, by removing costly intermediaries and allowing content creators to focus on their craft, giving them the power to maximize the potential of their pieces.
Fans and supporters of musicians can buy tokens representing fractional ownership in song copyrights with ERC-20 compatible tokens [i.e., on Ethereum] and store them in collections on the market or in wallets – even cold storage wallets.
Users can buy copyright tokens using Machi X, USDT, and Maker Dai currently. The platform plans on expanding its support of other tokens following the Beta.
There are three current artists with IP tokens available on the Beta, including Stanley Huang, Nicky Lee, and Khalil Fong. In total, eight IP tokens are available for trading. Machi X is planning on extending their offering of IP tokens further into the creative landscape, targeting movies and TV shows on its future roadmap.
Jeffrey Huang came up with the idea for Machi X following his own struggles in consistently receiving royalty payments and losing out to expensive middlemen that extracted large portions from his bottom line. Founder of both Mithril and 17 Live, Asia’s largest streaming app, Huang strives to foster a new open era for both content creators and their fans to benefit.
Machi X is a ‘Mithril Forged Company,’ and expects to list the Mithril Token as a way to give back to the broader ecosystem that it is a part of.
Machi X offers an alternative funding option to artists outside the limitations of traditional licensing and intermediary-prone avenues. Based in Taiwan, the current artists are well-known and award-winning musicians in Asia.
Following the Beta, the platform will add support for more artists and musicians who can distribute IP tokens representing a stake in their work for fans to collect and profit from their market price and correlating royalty revenue.
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