Sweden Has Successfully Held Blockchain & Bitcoin Conference Stockholm: What Did the Experts Discuss?
On September 11, Smile-Expo has held the Blockchain & Bitcoin Conference Stockholm in Sweden which gathered over 200 visitors. Among the guests of the event there were leading specialists in blockchain industry and the Member of Swedish Parliament – Mathias Sundin.
Speakers and Key Topics of the Event
The conference gathered 18 speakers from top world companies, such as PwC Legal and Blockchain Alliance Europe, Fortum и Vattenfall. They talked about the blockchain applications in various sectors and legal regulations of the technology.
Evaluation from the Swedish Government
One of the guests of the conference – the Member of Swedish Parliament and the Co-founder & Chairman of the Warp Institute Foundation – Mathias Sundin. The expert talked about the power of decentralized systems.
He explained that the connection of 1st and 2nd Internet eras create crypto-economic networks. “Crypto-economic networks will use the wisdom of the crowd and the economic power of the centralized platform,” clarified the specialist.
Opinion of the Expert from PwC
Guenther Dobrauz-Saldapenna, Partner & Leader at PwC Legal Switzerland, delivered a presentation on the topic “Legal and Regulatory Challenges with Innovation.”
Visitors learned how the emerging technologies, such as DLT, AI, 3D printing and IoT, are applied into different sectors.
Also, the expert made a forecast for future with blockchain – he explained which DLT-based apps will substitute the common technologies. According to the speaker, Chrome will be replaced by Brave, Skype will be substituted by Experty, and Steemit will come instead of Facebook.
Regulations for ICOs
Regulatory framework for initial coin offerings was discussed by the President of Blockchain Alliance Europe – Tanja Bivic Plankar.
She explained that in the unregulated environment, there is a space for scams and fraud, as well as for poor performance of the companies. The expert suggested the solution to the problem – smart regulation.
She defined scam and named the ways to detect it – not enough information about the token and team, no soft cap or hard cap, and ponzi schemes. Moreover, the crypto specialist described the reasons why ICOs fail, and emphasized the need for self-regulation and following AML and KYC politics.
Blockchain and Land Registry
Jörgen Modin, Chief solutions architect at ChromaWay, shared the experiences from the Swedish Land Registry project and talked about the creation of the innovative platform Chromapolis.
The expert discussed contracts on blockchain and explained how DLT models work in his company. He highlighted that among the key features of the platform, there are relational programming model with powerful query capability, sharding, sidechains, hybrid consensus, new safe DApp programming language and upgradeable DApps.
Blockchain in the Real Estate
Head of Digital and Innovation at Landshypotek Bank – Merete Salmeling – joined the conference and clarified how blockchain will shape the future in property market.
She presented the phases in the blockchain property project: creation of the PoC app, environment test with roles for property transactions and integrated test with live transactions.
The specialist also provided information that blockchain will eliminate difficulties with manual control, complex transactions and time-consuming processes.
Blockchain for Music
Mattias Hjelmstedt – a serial entrepreneur, investor, and the Founder & CEO at Utopia Music – shared with guests how to improve the music industry with DLT.
First, he said that the problems of the existing sphere are lack of efficiency and transparency, long payment cycle, undistributed money and unfair revenue share from social media.
As a solution, he suggested using DLT and shared the experience of his platform. “By collecting copyright information in a digitally automated way, we are able to provide the music industry with accurate usage data,” explained the specialist.
Exhibitors and Sponsors
The event has included the traditional demozone where companies have shown their latest developemnets in the blockchain industry. Among the exhibitors – the DLT-based platform CoinLoan. The company’s representatives introduced CoinLoan’s lending system which offers benefits for both money lenders and borrowers.
The refreshments sponsor of the event – the DLT-based platform Almond which allows users to learn the detailed history of their drinks.
The silver sponsor – unique music ecosystem Utopia Music. The platform helps talented artists and creators to enter the music industry with the help of blockchain.
The conference was organized by the international company Smile-Expo, which has already conducted 44 crypto events in 25 countries.
What Is Next?
On October 9, Smile-Expo is going to crypto heaven – Switzerland, and the next day we will gather crypto experts in Belarus. On October 23, we will visit the Maltese blockchain hub, and on November 20, we will invite DLT specialists on the conference to Moscow.
Follow the conferences’ schedule on the website of Smile-Expo