A blockchain is a new form of technology, although one that has the potential to change the way people do business. Being a relatively new concept, blockchain remains an arcane concept to many local businessmen and company executives, particularly those that are not too tech-savvy.
As such, many questions are floated around business circles. How can blockchain help improve the way we do business? Will the blockchain technology prove to be a boon for Philippine commerce? Is our country ready for it?
These and many other questions are what the coming Blockchain Applications and Economics Forum 2018 answered last week. With the theme "Transforming Businesses and Industries with Blockchain Technology," the three-day forum, last May 28 to 30 at the SMX Convention Center Aura, aimed to increase the general understanding of the blockchain technology and bring together business leaders and thinkers that are not yet on the blockchain but are evaluating its impact on their business.
The forum also aimed to help entrepreneurs and corporate decision-makers find the right blockchain solution for their businesses, particularly in the light of the fact that aside from Fintech, blockchain solutions can be implemented into gaming, supply chains, logistics, digital identity, and much more.
BLOCKCHAIN BOOTCAMPS
Blockchain Applications and Economics Forum 2018 had blockchain and fintech experts from Europe, Asia, and North America who will act as speakers, panelists, trainers, and moderators during the three-day forum.
The first day of the forum, May 28, was devoted to two pre-conference Bootcamps. One is a whole-day workshop on "Ethereum and Smart Contract Development" which is designed especially for software developers, tech experts, and blockchain enthusiasts who wish to get into coding in the blockchain platform Ethereum.
The trainers for this workshop are Harpreet Singh Maan and Adly Abdullah, CEO and CTO, respectively, and co-founders of Blocklime Technologies, one of the foremost blockchain consultancy and development service companies in the world.
While the second Bootcamp was devoted solely for members of the press, dubbed the “Media Blockchain Workshop.” The workshop aimed to help media understand and have a better appreciation of what Blockchain is all about, its challenges, risks, and opportunities.
The workshop was open to all interested journalists which run from 1:00 to 5:00 p.m. The trainer for this workshop is Amor Maclang, globally awarded brand architect; risk, crisis, and reputation strategist; marketing and communications innovator; and co-founder of GeiserMaclang Marketing Communications, Inc.
BLOCKCHAIN AND ITS GLOBAL IMPACT
The formal opening of the conference was on May 29th. It started out with the official launch of the Blockchain Association of the Philippines (BAP), the very first official blockchain-related association in the country. The keynote address for the launch was delivered by BAP and Unionbank chairman Justo A. Ortiz.
Panel discussions were held throughout the day as well. Topic discussed include Global Developments and Perspectives in Blockchain, with panelists from Singapore, Malaysia, Russia, and Ireland; Managing Legitimacy in Blockchain--Regulations, Risks, and Communications, moderated by Amor Maclang; Can Blockchain Replace IPOS?, moderated by Daphne Ng, Secretary General of Access Singapore and committee member of Singapore Fintech Association; Blockchain and its Impact on Financial Transactions and Services, moderated by Arvie de Vera, first vice president and head of the Fintech Business Group at Unionbank; and The Future of Blockchain, Cryptocurrencies, ICOs, and Digital Currency Exchanges, moderated by Shawn Tham, founder and CEO of Blockrypto.
The last day of the forum, May 30, focused on exploring the role of blockchain in disrupting, enhancing, and creating new business opportunities in established business verticals and will involve major technology giants including IBM, SAP, and Microsoft.
The panel discussions on the last day helped give business leaders the opportunity to learn more about how blockchain can be used to leapfrog the technology curve and gain a competitive advantage.
A special discussion on blockchain for the social good was led by Daniel de Gruijter, of Incitement, as well as Paolo Magnata, from the UNDP; as well as a look at how Blockchain can be applied to the Entertainment, Logistics, Energy, Commerce, Healthcare and even Government sectors.
The three-day forum was capped by a panel discussion on What is Next? Taking the Leap into Blockchain, which will focus on what corporations need to do with newly acquired information on blockchain and what they can do to move ahead.
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