On December 6, Smile-Expo hosted the second Blockchain & Bitcoin Conference Philippines this year. Many experts including the head of the Cagayan Economic Zone Authority (CEZA) attended the event that focused on blockchain and cryptocurrencies.
The conference brought together leading blockchain specialists of the Philippines and cryptocurrency experts of different countries. Speakers addressed essential issues of the blockchain market and discussed up-to-date industry trends.
The conference was opened by Raul L. Lambino, the Chief Executive Officer of the CEZA – the only economic zone of the Philippines that regulates blockchain companies and issues licenses to cryptocurrency exchanges.
The expert gave a welcome speech telling about the crypto valley of Asia and CEZA. Raul L. Lambino marked directions for future development and stressed the importance of developing not only the financial sector but also the digital economy as a whole.
Alternatives to blockchain
Co-founder and Chief Community Officer of Satoshi Citadel Industries (SCI) Miguel Cuneta addressed the relevancy of blockchain. During his speech, the expert raised the question “To decentralize or not?”
Cuneta told about the disadvantages of the blockchain technology. According to him, the technology is developing slowly, technical support costs a lot, and scaling problems are difficult to solve. “Centralization is much simpler,” the specialist explained.
Founder of Tagcash Mark Vernon told guests how private blockchains function illustrating his story with case studies of MultiChain and Stellar.
At first, he explained why one should use MultiChain. Reasons include individual mining and a possibility to build an unlimited number of assets, among other things.
Then the expert shared how to add and retrieve data using MultiChain blockchain and thoroughly analyzed the technology.
“Use private blockchains if you need control over assets, abidance by rules, and efficient data storage,” the speaker said in conclusion.
Smart contracts and legislation
Conference program also included a panel discussion, where experts spoke about smart contracts and juridical aspects related to blockchain.
Rafael Padilla, co-founder of Blockchain Association of the Philippines (BAP), was a moderator of the discussion. Together with other crypto experts, he introduced the audience to the legislative side of the industry and told about tokenization in business.
Exhibitors and sponsors
In the exhibition area, blockchain startups unveiled new ideas and projects of the crypto industry. Guests of the event learned about cryptocurrency trading services, mining hardware, and received recommendations on ICO conduct.
OSR Chain was an exclusive sponsor of the conference. The company manages a casino and plans to start working in the real estate sector, trading, and to build a smart crypto city. In the future, the company will present its own stable coin called OSR.
TaaS Capital Fund, the organization that helps to control crypto assets, played the role of the investment partner of the event. Provider of information technology, blockchain, and artificial intelligence services Kaplink also became the investment partner of the conference.
The official media partner was The Philippine Business and News (THEPHILBIZNEWS), the online magazine that covers blockchain news as well as political and business analytics. BTC TV YouTube channel about blockchain and cryptocurrencies became the main media partner of the event.
The conference was also attended by major investment companies such as Fundshing crypto services provider, InvestorsAlly consultancy firm, and The National Investor (TNI) private investment firm.
The event was organized by Smile-Expo, the international company that has already hosted 50 blockchain events in 24 countries.