|
Blockshow offers an opportunity to engage with industries or
government bodies that are otherwise very difficult to catch for a
discussion, for blockchain or related technologies. |
|
In a Sea of Potential. Investors are on the hunt. Not only
for a new breed of startups but for all the information,
skepticism, debate and digression which comes to rise in such
places. |
SINGAPORE, Apr 15, 2019 - (ACN Newswire) -
Blockshow Asia will take place at Singapore's Marina Bay Sands Expo
on November 14-15th. As interest from investors starts to ramp up,
the anticipation of finding the next big blockchain company begins
to reach new heights. While it could carve out a path for a
resurgence in the markets, it will be most interesting to see a new
breed of experienced blockchain startups emerge. With speakers from
across the financial, legislative and technological sectors driving
the conversation, it will be an event focused on the most promising
up-and-coming projects who weathered the last 14 months and emerged
stronger.
A Fresh Start for Crypto Startups at Blockshow Asia 2019
There have been many sectors in which startups have battled to the
top but finance is not one of them. A large number are capturing
some fractional market share but there is no hope for any to see
the equivalent success which the likes of Amazon or Uber have
experienced in logistics or transportation. Many of these "Emerging
Disruptors", as Deloitte termed them, have instead chosen a more
subversive tactic - building their business in a digital
economy.
Conquering a Crypto Niche
Considering the cryptocurrency market of 2018, there seems to be a
casual stoicism amongst the teams behind blockchain startups. Where
one fails, another rises. These waves continue, steadily maturing
in response to their peers' experience. It then becomes a new fight
to get noticed. It's for this reason that massive conferences such
as Blockshow have focused on giving these startups the chance to
shine.
Skipping to the present, this steady rise to maturity has come to
be reflected in the slowly rising sentiment that, while the crypto
winter may be more like that of the Seven Kingdoms, there's
starting to be hope for spring, at least for some. While Zhao
Dong's vision for 2020 is not to be taken for granted, there are
many people who feel that the startups at the core of blockchain
technologies have begun to emerge stronger, having survived the
last 14 months of winter.
Far from hibernating, there has undoubtedly been a lot of work
going on behind the scenes, away from the trading spotlight. While
the possibility, or certainty, according to some, of Bitcoin
becoming an ETF (Exchange Traded Fund), the world of investment
would be wiser to look to the beating heart of blockchain; the
applied blockchain environment that is embodied by startups.
In a Sea of Potential
As traders start to weigh up their chances in the options or
derivatives markets, the number of attendees at blockchain
conferences continues to grow. Investors are on the hunt. Not only
for a new breed of startups but for all the information,
skepticism, debate and digression which comes to rise in such
places. This year's Blockshow Asia alone, taking place in
Singapore's Marina Bay Sands Expo from the 14th-15th November, will
see speakers from a range of backgrounds reflect on what the
blockchain has done, what it has promised, and how it has changed
their perceptions.
With a programme including:
- Justin Chow, Head of Business Development, Asia for Cumberland,
the cryptoasset arm of DRW;
- Ted Lin, Chief Growth Officer at Binance;
- Jehan Chu, Co-Founder & Managing Partner at Kenetic,
Co-Founder Social Alpha Foundation (SAF);
- Antony Lewis, Director of Research at R3, author of "The Basics
of Bitcoins and Blockchains";
- Remington Ong, Partner at Fenbushi Capital, who managed
investments into over 40 leading global startups;
- Llew Claasen, Executive Director at the Bitcoin Foundation,
Managing Partner at Newtown Partners;
- David Lee, Professor at Singapore University of Social Sciences
(SUSS), Director at LeftCoast and Co-Founder at BlockAsset
Ventures;
- Eddy Travia, Co-founder & CEO of Coinsilium, dubbed one of
the 'Most Influential Investors of the Year' at Blockchain Awards
2014;
- Mike Kayamori, Co-Founder and CEO of QUOINE;
- Czhang Lin, Partner at JRR Crypto, Advisor at the Asia Israel
Blockchain Association;
- Joseph Young, Financial analyst & Investor, contributor to
Forbes, CCN and Cointelegraph;
- Kenrick Drijkoningen; Nydia Zhang; Sinhae Lee; Cris Duy Tran;
Matthew Tan; Jane Lippencott and more.
Blockshow offers an opportunity to engage with industries or
government bodies that are otherwise very difficult to catch for a
discussion, be it about blockchain or related technologies. It is a
conference offering a rare convergence of worlds. What's more, it
sets a competitive tone which leads participating startups to bring
out their Most Viable Product - what you see on the floor may be
the culmination of everything the team's work has lead towards and
the true unicorns will really make the opportunity count.
Experience has made it clear that investor interest is still
present and, if anything, more eager. While many have taken a
conservative stance following the unfolding bear market, it is not
a benign position. Having seen startups battle it out at last
year's Blockshow, each pitching directly to investors in front of a
live audience, it is clear that investors have the final say but
it's up to the team to show their full potential. From Ethereum to
0x to Bitcoin itself, investors have observed the latent potential
of cryptocurrency markets, waiting for something with staying
power. A unicorn to outstay all unicorns, one to finally take a
chunk of the conventional market.
Behind the Whitepaper
In the blockchain community, there is an equal degree of promise as
there is skepticism. Investors, however eager, depend on a degree
of security before any offer even begins to formulate. This leads
to an ever-growing number of people taking to events such as
Blockshow to meet these potential tech miracles in person.
In greater number still, startups are under no illusion that
they've been forgotten. With many having spent over a year blocking
out the death cries of the media, there is little which could deter
them from taking the opportunity to meet their potential business
angel face-to-face. With the sector now infamous for scams, hacks
and thefts, trust is, ironically, easier to come by. While over
$1.7 billion was lost in the last year alone, seeing the team
in-the-flesh and being able to grill them on every facet of their
technology, coworkers, and operations, grants any potential
investor the ultimate in 'DYOR', or Doing Your Own Research.
This human element comes across in any business deal, of course,
but when talking blockchain, there's another level of security:
digital transparency. It's no secret that Mt Gox trustees have been
liquidating funds to repay those affected by the hack of 2014,
while with QuadrigaCX, chain explorers brought some insight into
the nature of the company's losses. While it helps to be able to
see past all the marketing and meet the company's representatives
at a modest booth, being able to trace all their funding to date
and see any undeclared investments is, arguably, an even greater
asset.
As with any observation over the last year, nothing can be read
with certainty. The sentiment is certainly more positive than it
has been in many months but, without giving promising new projects
the chance to show off their achievements, it may lead to little in
the markets. What is important to remember, however, is that those
unique, well-managed projects do exist and are transparently
seeking support. Where better to find them than behind a modest
conference booth?
The event is powered by Cointelegraph, a respected independent
blockchain media. Please see https://blockshow.com/.
Source: BLOCKSHOW ASIA 2019
Copyright 2019 ACN Newswire . All rights reserved.
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