Prague Conference Reveals Beyond a Smidgeon of a Doubt that Blockchain and Bitcoin are Alive and WellPublished April 18, 2019 by Lee R
Blockchain technology is here to stay, and other industry applications proliferated the exhibition and discussions at Prague last month.
With blockchain perceptions and uses undergoing a reconfiguration, it was great to see blockchain players offer new insights and optimistic vision for the future March 22nd at Blockchain & Bitcoin Conference Prague.
Speakers included local leading blockchain specialists from the Czech Republic as well as technology enthusiasts from other countries.
The speeches were launched by Euro Digital Co-Founder Sean Patterson, who inspired the audience for subsequent illustrations of the key technology and legal issues for blockchain today.
The Hyperledger Theme
A favored theme for the day was Hyperledger, starting with the Hyperledger: corporate blockchains discussion from IBM Technical Leader for the Industry Sector Miroslav Iwachow, who revealed diverse range of solutions blockchain offers for costly or bulky corporate tasks--included TradeLens for container shipping; Food Trust for food safety, and World Wire for global money transfers.
Consortiums and Hyperledger
Interticket Chief DLT Architect Daniel Szegö discussed Hyperledger solutions for consortiums and enterprises, offering Hyperledger solutions for consortium priorities of speed; efficient operation; and confidentiality as well as solving enterprise goals by defining global standards of KYC, AML, and GDPR while citing Enterprise Ethereum, Quorum, R3 Corda, and Azure Blockchain as leading hyperledger solutions.
Legal aspects were discussed in detail by Squire Patton Boggs Partner Danica Šebestova, who urged lawyers and blockchain architects to collaborate on the full gamut of KYC, AML, GDPR, and smart contract global solutions.
Country Friendliness Profile
Danica also graciously identified Switzerland, Italy, France, and Lichtenstein as “positively treating” blockchain; Jersey, Gibraltar and Malta as the friendliest regulatory environments for cryptocurrency exchanges; and the UK, the Netherlands, and France as “regulatory sandbox” countries where regulators actively oversee testing of technology.
Three KYC Pillars
Thompson Stein Senior Partner Artur Kuczmowski identified the keys to global compliance as three pillars of KYC: Customer Identification Program (CIP), Customer Due Diligence (CDD), and Ongoing Monitoring.
Exhibition Floor Activity
In the demo zone, Aerum revealed an infrastructure for financial trading platforms with decentralized economy; Cryptoshib's platform offered simple money transfers called Paycore and a confidential blockchain platform called XUEZ; and SnowGem introduced a new cryptocurrency based on Zcash streamlining transactions while insulating against 51% of possible attacks.
With more speakers and product on display than anyone could count, you really had to be there to get the full range of invaluable blockchain insights at Prague Bitcoin and Blockchain Conference 2019.