Blockchain is a term that you just cant’s escape anymore. Major institutions, governments are discussing its scope, applications & ability to change the world that we live in. Despite many downswings in the prices of cryptocurrencies over the last year Bitcoin & other major currencies are still going strong. A lot of authoritarian governments across the globe are not happy with the decentralisation introduced by Blockchain but as a shining ray of hope there are some countries that are actively or rather vehemently racing towards providing legislative backup for Blockchain Technology, as they want to attract more business & investment from Blockchain entrepreneurs.
One such haven is Dubai, an established beacon already in shipping & tourism, now Dubai seems to be adopting the blockchain industry as well. Dubai has adopted blockchain technology, and has even mentioned plans to incorporate the technology into governmental operations. Just to begin with all visa applications, bill payments and licence renewals will be transacted digitally through an electronic ledger by 2020 in Dubai.
As a step in the same direction Dubai will be hosting the BlockChain Week in the month of October 2018. Its Going to be a combination of two major Blockchain conferences. First One is ‘Satoshi United – The Biggest Un-conference of the Blockchain World’ & the other one is ‘Trescon- World Blockchain Summit’. Both the events have different setting & mood but the focus is the same, which is promoting the progress of blockchain technology.
Satoshi United is an event that was first conducted in Singapore & had huge success. The exclusivity at Satoshi United is the fact that the entire event is conducted in a casual manner while discussing the most serious topics about the technology. The casual demeanour helps in reducing monotony & providing smoother networking opportunities for investors & innovators to collaborate while being an easy segue for the general public into the Blockchain industry. They have upcoming events in London, US & Canada.
World Blockchain summit on the other hand is a very professional event that features enterprise- use cases, government use-cases, tech-talks, blockchain exhibition and a host of networking opportunities. World Blockchain Summit is conducting conference events in over 15 destinations across the world.
Both these events feature a long list of influential speakers, stimulating panel discussions & exclusive pitching competitions for Start-ups with prize money of over a million dollars in investment. Satoshi United takes place on 22-23rd October & WBS will be conducted on 24-25th of October. The perfect timing gives Blockchain enthusiasts to participate in both events without overlap.
The innovators from all around the world will be participating to showcase their ideas & investors will be critically evaluating the possibility of success for each project. All of which will be with the backdrop of Dubai which may prove to be pivotal as there is no shortage money & resources in Dubai.
Blockchain Technology desperately needs initiatives like ‘Dubai Blockchain Week’, first as platform to express ideas & also as launchpad to propel new projects to heights of success. The governance structure in Dubai is doing everything to promote the technology & Dubai Blockchain week shall be a crucial juncture for new plans & projects which once revealed may be able to set the course for the development of technology over the next decade.