What did speakers discuss?
The conference involved leading blockchain specialists from the Czech Republic and technology enthusiasts from other countries. It was opened by Sean Patterson, Co-Founder of Euro Digital Partners.
After the moderator’s welcome speech, speakers
revealed key technology issues as of today: legal aspects of blockchain, its
application, and industry prospects.
Hyperledger:
corporate blockchains
Miroslav Iwachow, Technical Leader for the Industry Sector at IBM, told the audience what Hyperledger
meant and how the technology could solve corporate blockchain tasks.
The expert talked about several blockchain solutions: TradeLens for container
shipping, Food Trust for food safety, and World Wire for global money
transfers.
“Nowadays, the food industry focuses on several
key factors: product security, supply chain optimization, food waste, and
consumer preferences,” the expert
explained. He believes that Food Trust can solve the problems: the platform
allows to track origin of products, availability of certificates, freshness,
and deliver to customers.
Reportedly, TradeLens unites all shipping participants and provides safe information exchange in logistics. The speaker stressed the following advantages of World Wire: transaction transparency, compliance with statutory requirements, and security.
Blockchain at enterprises
Daniel Szegö, Chief DLT Architect at Interticket,
also drew guests’ attention to Hyperledger as part of his presentation on
blockchain platforms for consortiums and enterprises.
The specialist said that
consortium requirements included speed, efficient operation, and confidentiality,
while enterprises are aimed at adhering to the rules of KYC, AML, and GDPR.
According to the expert, Hyperledger
blockchain offers solutions, and platforms are provided by Enterprise Ethereum,
Quorum, R3 Corda, and Azure Blockchain.
Safe hardware
Michael Schloh von Bennewitz,
Founder of the Monero
Hardware team, dedicated his presentation to blockchain-enabled security. He
highlighted hardware possibilities for storing information in secret and operational
concept of blockchain wallets.
The speaker paid special attention to relevant blockchain applications:
supply chain tracking, insurance asset management, inventory record, and
logistics.
Legal aspects of blockchain
Danica
Šebestova, Partner at Squire Patton Boggs, addressed legal issues when
implementing a blockchain project.
The expert mentioned that lawyers
and blockchain architects should interact and cooperate with each other. It is
important for specialists from both sectors to solve collaboratively everything
related to KYC, AML, GDPR, and smart contracts.
Danica named countries positively
treating blockchain: Switzerland, Italy, France, and Lichtenstein. Jersey,
Gibraltar, and Malta offer friendly environment for cryptocurrency exchanges.
Regulatory sandbox countries are the UK, the Netherlands, and France.
Compliance with AML and
KYC
Artur Kuczmowski, Senior Partner at Thompson&Stein, examined in detail the AML and KYC
rules for ICO and crypto exchange players.
The speaker emphasized that anti-money laundering, targeted financial
sanctions, and knowing of your customers should be taken into account to
protect your blockchain business.
“To create and implement an efficient KYC policy, one requires three
elements: Customer
Identification Program (CIP), Customer Due Diligence (CDD), and Ongoing Monitoring” the specialist
added.
Exhibitors and sponsors
The event featured a demo zone where blockchain companies introduced
their ideas and new projects to attendees. Cryptocurrency trading services,
mining equipment developers, and startups with innovative methods for
integrating technologies presented their solutions.
One of the exhibitors
was Aerum, a
project evolving a new-generation blockchain technology. The platform’s mission
is to design an infrastructure for financial trading platforms with
decentralized economy.
Cryptoshib, a platform providing blockchain industry
information, demonstrated two new projects: a service for simple money
transfers – Paycore; and a confidential blockchain platform – XUEZ.
SnowGem acquainted visitors with its blockchain solution: a
new cryptocurrency based on Zcash. It allows to carry out rapid and
private transactions. Besides, its network is totally protected from 51% attacks.
Smile-Expo expresses its gratitude to an exhibitor and silver sponsor of
the event – Currency.com. The
company offers a unique solution for tokenized assets. It became the world’s
first regulated crypto exchange licensed in accordance with the Decree № 8 of
the Republic of Belarus “On Development of Digital Economy.”
Moreover, Nigel Crome – MLRO & Head of Compliance at Currency.com – took part in the conference. He described how to unlock the potential of tokenized securities.
Feedback about the fifth Blockchain & Bitcoin Conference Prague
“The event gained insight into
such topics as public blockchain, distributed ledger technology, and regulatory
aspects. Thus, the conference was held at high level,” Daniel Szegö commented on.
“I am proud of becoming the moderator at the conference with the incredible program: presentations and networking are quite meaningful,” Sean Patterson shared his impressions.
Smile-Expo thanks sponsors and media partners for participation in Blockchain & Bitcoin Conference Prague. We are looking forward to seeing you at the next event!
Follow
the coming events on the Smile-Expo website.