20th World Blockchain Summit is going bullish in a bear market
Amaze World wins the Startup World Cup pitch competition at the 20th World Blockchain Summit. Industry leaders come together to make the event a huge success
World blockchain, Speakers Giving a Talk at Business Meeting. Audience in the conference hall in 2017; Image: Shutterstock
The 20th global edition of the World Blockchain Summit, presented by Sedition and co-hosted by Sangkara, was held at the Marina Bay Sands Expo and Convention Center in Singapore on July 14 and 15. Under one roof, the summit brought together over 1,300 global crypto and blockchain influencers, investors, startups, policymakers, and media. The summit's organisers hoped to inspire and stimulate business opportunities across the Asia Pacific region through mutually beneficial collaborations. Jerry Sambuaga, Minister of Trade of the Republic of Indonesia, was the summit's chief guest. Illia Polosukhin, Jan Camenisch, Mance Harmon, and Hassan Ahmed accompanied him.
"Crypto asset trading in Indonesia can be one of the government’s strategies to accelerate and develop Indonesia’s digital economy by 2030…We saw the potential in crypto in that we could use it as a potential commodity for exports. By December 2020, the transaction volume of crypto assets in Indonesia alone increased to 64.9 trillion rupiahs, equivalent to $4.2 billion, and in December 2021, it reached 859.4 trillion rupiahs [$57.33 billion]," Jerry Sambuaga said in his statement.
The World Blockchain Summit aims to bring together global blockchain experts and technology players, including emerging startups, as well as regional businesses, government officials, IT leaders, tech entrepreneurs, investors, and blockchain developers. Among the many industry leaders who spoke at the summit were Decentralized Investment Group founder and CEO Haydn Snape, Sedition director Rory Blain, Redlight Finance chief technical officer Alex Van Hulle, NEAR Protocol founder Illia Polosukhin, Sangkara Misa CEO Agustino Wibisono, and Algorand head of DeFi Daniel Oon.
The two-day summit included enterprise use-cases, government use-cases, motivational keynotes, panel discussions, tech talks, a blockchain exhibition, startup pitch competitions, and numerous networking opportunities. According to Sedition director Rory Blain,
"Blockchain is a historical game changer in the art world as it will allow proper identification and ownership of what was previously an endlessly reproducible asset. Never before in history has an artist been able to guarantee that they will get a fair resale value of their work down the line."
