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Kyiv Hosts Large Blockchain And Cryptocurrency Summit

01:11 27/04/2018
Blockchain And Cryptocurrency Summit

On April 26 Kyiv hosted the Blockchain Summit 2018, one of the country’s largest events dedicated to the blockchain technology and cryptocurrency issues. The summit aims at promoting digital technologies and the use of tokens in Ukraine. The event organisers also want to give a chance to the Ukrainian crypto community to communicate with the world’s leading expert in this field. This time the event was attended by more than 30 blockchain professionals, including Mark Ginzburg (USA), Satoshi Mishima (Japan), Adam Dorfman (Canada), and Michael Wuehler (USA). According to the organisers, around 700 people have visited the Summit: investors, company owners, miners, crypto traders, bankers, and numerous crypto enthusiasts. The Blockchain Summit 2018 focused on the implementation of blockchain technologies into various fields of business and public life, the prospects of creating Ukraine’s national cryptocurrency, ICO-related issues, crypto trading, cybersecurity, etc.


The development of blockchain technologies and tokens gives Ukraine a chance to become a leader in this field. Mark Ginzburg, the lawyer and blockchain expert, said, ”We are entering a totally new world, with new rules and types of communication. Blockchain technologies and artificial intelligence will reshape all our life and behaviour standards in five or seven years."


Kiev blockchain summit

The Summit participants agreed that blockchain technologies will be of great demand in the field of finances. State bodies are also actively implementing them when it comes to creating all sorts of registers, compiling budgets, holding tenders, etc. Satoshi Mishima, a Japanese expert in cryptocurrency issues, believes that in the near future blockchain technologies will be actively used by banks, and then spread to almost all business areas.


“Most likely, these technologies will enter such fields as insurance business, public sector, perhaps, real property trading”, he said. The Summit participant also assumed that cryptocurrencies would be used for everyday payments very soon. Satoshi Mishima believes that the major Japanese cities will be ready to issue their own tokens in 2020, when the country will host the Olympic games.


Blockchain summit

The Summit participants actively discussed the influence of the blockchain technologies on the labour market. Earlier the European expert predicted that cutting-edge technologies would oust from the market some 70% of the present-day jobs. Many new trades will arise instead, while certain jobs stay out of the risk zone. According to Adam Dorfman, a Canadian guru in the trade market mechanisms, people engaged in coworking or producing any kind of art will stay in demand irrespective of the modern technologies development.


That was the second Blockchain Summit held in Kiev. The previous one took place in the Ukrainian capital in November 2017. The organisers hope the next summit will take place in Kiev this fall. They noted the first Blockchain Summit (2017) had covered lots of ICO-related issues, while the second one had been mostly focused on blockchain technologies and tokens.

Author: Vira Maliy
Photo: Blockchain Summit 2018, Ukraine
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