SG Blockchain Day 2021 Paves the Way for Vibrant Local Blockchain Ecosystem

Occasion is a part of the Singapore FinTech Pageant 2021 Innovation Lab Crawl, that includes key trade leaders and specialists

SINGAPORE, Nov. 2, 2021 /PRNewswire/ — Blockchain Affiliation Singapore (BAS) right this moment introduced that it is going to be organising its annual convention, SG Blockchain Day 2021, on Friday, 12 November 2021. The occasion goals to foster deeper social engagements amongst world blockchain professionals and corporates, whereas additional enhancing the vibrancy of the native blockchain ecosystem.

As a part of this yr’s Singapore FinTech Pageant Innovation Lab Crawl, SG Blockchain Day 2021 has attracted consideration from quite a few world blockchain leaders and trade gamers. The present occasion agenda consists of greater than 30 stellar audio system and trade leaders together with the Co-Founding father of Ethereum, Vitalik Buterin and David Shrier, Professor of Observe and Director of the Institutional Digital Property Undertaking at Imperial Faculty Enterprise College. The occasion is supported by ecosystem companions comparable to Algorand Basis, Oliver Wyman and 80RR Fintech Hub, whereas blockchain corporations together with the likes of Chainalysis, IBM, Nansen, Tech Information and RegTank are gold sponsors of the occasion.

SG Blockchain Day 2021 will give attention to present and rising developments within the blockchain & digital property trade in addition to its surrounding ecosystems, with a complete of eight keynote speeches, eight panels, and a masterclass slated to happen.

Commenting on SG Blockchain Day 2021, Mr Chia Hock Lai, Co-Chairman of Blockchain Affiliation Singapore, stated “The blockchain and digital property trade in Singapore is well-positioned to develop by leaps and bounds and I hope ‘the SG Blockchain Day 2021’ will function a supply of data and inspiration for our members and the ecosystem. The occasion can even function a prelude to a multi-day ‘SG Blockchain Week’, a large-scale in-person worldwide occasion being deliberate for 2022. This marks the beginning of many extra thrilling initiatives to come back from BAS which we’re earnestly getting ready for.”

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Not too long ago, BAS additionally celebrated the overwhelming success of the inaugural Blockchain For Good Non-Fungible Token (NFT) charity public sale held in collaboration with the Nationwide Trades Union Congress U Care Fund (NTUC-U Care Fund). By way of the beneficiant help of companions comparable to Singapore Airways, KrisShop, Ether Playing cards, and A&A Blockchain, the charity public sale efficiently raised S$400,000 price of funds to assist lower-income union members and their households.

NFTs have seen an increase in recognition in latest occasions, dominated by the humanities and collectables segments, with gross sales of those property rising to greater than US$10 billion within the third quarter of 2021, up greater than eightfold from the earlier quarter[1]. In the meantime, Whole Worth Locked (TVL) in decentralised finance (DeFi) protocols reached US$187 billion[2]. In response to a Financial institution of Worldwide Settlements (BIS) survey, 86 per cent[3] of central banks are actively researching the potential for CBDC. Alternatively, Out of the highest 100 banks by property below administration, 55 have invested, straight or not directly, in cryptocurrency and/or blockchain-related corporations[4].

“As an ecosystem accomplice of SG Blockchain Day, this aligns with Algorand Basis’s mission to help innovation for an inclusive ecosystem that gives a chance to construct a borderless economic system. The long run world promise of blockchain know-how is at our doorstep and we sit up for fostering partnership and progress at the same time as we deal with issues like environmental impression, sustainability and local weather change,” stated Mr Jason Lee, Chief Working Officer for Algorand Basis.

“Oliver Wyman is happy to be working alongside thought leaders in blockchain to develop breakthroughs on this house. Because the data accomplice of SG Blockchain Day, we sit up for sharing our insights and debating Central Financial institution Digital Currencies (CBDCs) and the way forward for cash in addition to the institutional alternative in crypto markets with the ecosystem of regulators, banks, FinTechs, and corporates,” stated Mr Chia Tek Yew, Vice Chairman Singapore, Oliver Wyman.

“80RR Fintech Hub SG is delighted to be the venue sponsor for Blockchain Affiliation Singapore’s annual convention, SG Blockchain Day 2021. With the blockchain and digital property trade rising quickly in Singapore, we sit up for partnering with Blockchain Affiliation Singapore in future initiatives to speed up the event of the native blockchain ecosystem,” stated Mr Gan Boon Seng, Neighborhood Director, 80RR Fintech Hub SG.

With that, the SG Blockchain Day 2021 hopes to focus on the superb previous yr in addition to alternatives that lie forward for the blockchain and digital property ecosystem in Singapore. contributors are welcome to register for complimentary entry to the occasion by way of https://singaporeblockchain.org/blockchainday2021/.

About Blockchain Affiliation Singapore

The Blockchain Affiliation Singapore (BAS) seeks to empower its members and the group to leverage blockchain and scalable applied sciences for enterprise progress and transformation. The Affiliation is designed to be an efficient platform for members to interact with a number of stakeholders – each regional and worldwide – to find options and promote greatest practices in a collaborative, open, and clear method.

It goals to advertise blockchain literacy and construct a robust expertise pipeline for the digital economic system in Singapore. BAS additionally goals to speed up the event of blockchain corporations working in or getting into into Singapore, and their subsequent integration and acceleration into the Singapore blockchain ecosystem.

For extra data, please go to https://singaporeblockchain.org/.

[1] https://www.reuters.com/technology/nft-sales-surge-107-bln-q3-crypto-asset-frenzy-hits-new-highs-2021-10-04/
[2] https://www.coingecko.com/en/categories/decentralized-finance-defi
[3] https://www.bis.org/about/bisih/topics/cbdc.htm
[4] https://www.blockdata.tech/blog/general/banks-investing-blockchain-companies

SOURCE Blockchain Affiliation Singapore