Yesterday the online magazine t3n and the blockchain consultancy PEY organized a blockchain event in Hannover – with success. We from BTC-ECHO were also there as media partners and would like to tell you about the highlights of the Blockchain meeting.
In contrast to most other Blockchain conferences, the audience consisted of people who were very familiar with Blockchain for the most part. Accordingly, after a short introduction, it was possible to get right into the subject.
Blockchain from the news spy
Andrei Martchouk made the first serve by talking about https://www.geldplus.net/en/the-news-spy-review/ the progress or not progress in the blockchain adaptation. Despite all efforts and billions, he does not expect quick blockchain implementations at the banks. Not necessarily because of a lack of the news spy competence, but out of a conflict of interest not to abolish himself.His explanation about the transformation of the securitisation of assets was particularly interesting. To this day, as the name securitisation already suggests, this is primarily linked to paper documents – regardless of whether it is a bond or a motor vehicle registration document. With the help of the blockchain, however, it is now possible to record these values and identities via the blockchain. For the first time, values that previously had to be documented in paper form can now be digitized without a physical document.
Digital identities on the Bitcoin secret
Besides ICOs, the topic of digital identities was one of the focal topics on https://www.forexaktuell.com/en/bitcoin-secret-scam/, so that Jolocom’s speakers Joachim Lohkamp and Blockchain Helix’s Oliver Naegele also discussed this blockchain application case in detail. During their presentations it became clear what enormous potential lies behind the idea of digitally verifying identities via a Bitcoin secret blockchain and, if necessary, managing them without companies and institutions. Particularly in developing countries, where securitisations, proofs of identity and documentation are generally subject to major deficits, the blockchain can fully unfold its socio-economic explosive power.
Corresponding to the digital identities, Smart Contratcs were also explained catchily by Fabian Vogelsteller, the developer of the Ethereum Wallet and the Dung Browser. He also created a differentiated outlook on the opportunities and hurdles of blockchain and smart contracts. All speakers agreed that blockchain technology is still in its infancy and that it is above all the interfaces to the analogue world that make blockchain implementation anything but easy.
ICOs in a nutshell
One topic that cannot be avoided these days is the topic of ICOs. The need for information on ICOs and how to analyze them was enormous on the part of the participants. The lecture „What is an ICO and how to evaluate ICOs“ by Dr. Shermin Voshmgir was followed by the audience with corresponding curiosity. Mrs. Voshmgir explained the pitfalls of ICOs objectively and gave the participants valuable information. Among other things, she stressed that one should pay attention to how many tokens are issued by the development team and to what extent the development team has an influence on the tokens in circulation and thus also on the course.
Voshgmir denied the audience’s question as to whether good marketing alone would be sufficient to successfully conduct an ICO. Without a competent development team with an appropriate reputation, it would be difficult to gain the necessary trust from the investors. Nevertheless, she could not deny that a lot of „stupid money“ is currently flowing into the crypto currency markets and that most ICO investors do not know what they would invest in.