Malta: Blockchain & Bitcoin Conference Malta: The Results

Last Updated: 30 November 2018
Article by Finance Malta

On October 23, Smile-Expo organised the second Blockchain & Bitcoin Conference Malta, celebrating the 50th event of the company's blockchain series, which was visited by the CEO of the Malta Digital Innovation Authority – the main blockchain regulator in the country.

At the conference, leading experts shared their knowledge about the DLT industry's trends. The program included 5 panel discussions where speakers focused on DLT and IoT, Tokenization, Legal Side of Crypto, ICOs, and Blockchain Hacking.

The conference was opened by Stephen McCarthy, CEO of the Malta Digital Innovation Authority (MDIA) – the regulator responsible for technology promotion and expansion in the country.

The investor & Deputy CEO at DLT-based solutions provider Fundshing, Bruce Jeong, also delivered a welcome speech and presented the Smart Crypto City project and explained how the technology can be used in cities.

The focus of the conference was the panel discussion about DLT integration in various sectors. The partakers presented the possible technology uses for transportation, real estate sector, medicine and AI.

During the discussion, Yael Tamar, CMO of iOlite, drew attention to how DLT can improve logistics. According to the expert, the global supply chain is huge, yet inefficient due to the lack of traceability and cargo thefts; her solution lies in using DLT as a perfect match for the industry.

To make the argument legitimate, she talked about the real example from Olistics, the company which launched a PoC demonstrating live shipments and changes-of-custody in real time including the ability to monitor cargo conditions. As of September 2018, hundreds of smart contracts were already deployed.

Juergen Hoebarth, Founder of Tokenization Limited, spoke about the ways DLT is transforming the supply chain, and presented real case studies of the technology used in flight insurance, gaming, real estate and healthcare.

He believes that DLT assists in knowing the status and condition of every product. Also, with its help, consumers can learn where their purchases come from and how they were produced. The technology can even help to confirm that diamonds and some precious metals are free from conflict.

The other panel discussion was dedicated to the regulations of the technology. Participants analysed how DLT complies with GDPR and made a comparison of tax rules in Malta, Switzerland and the US.

Gordon Einstein, Founding Attorney at CryptoLaw Partners, described how to gather capital with Reg D – Securities and Exchange Commission (SEC) regulation governing private placement exemptions. He explained to the audience how to use Reg D and stay out of legal troubles on the way to fundraising success. According to Einstein, the "dos" for using Reg D include conducting a "private placement" of securities and raising unlimited capital from an unlimited number of "accredited investors."

Among the "dont's" one finds: messing around with "unaccredited investors" and, misrepresenting material facts.

Cryptocurrency trading was analysed by the founder & CEO at Midas Touch Consulting and professional trader, Florian (Florzinho) Grummes. For successful deals on exchanges, the expert advised the audience to create a plan, consider position sizing and develop a principle-based approach. "Psychology is at least 80% of your trading success," believes the specialist.

Steve Muscat Azzopardi, Head of Corporate & Fintech at the Maltese law firm Chetcuti Cauchi Advocates, delivered a presentation "Smart Contracts – from Hype to Business."

At the event, visitors had the opportunity to visit a demozone where companies demonstrated their latest developments in the crypto industry, including presentations from software company PickPack, which presented solutions for last-mile and same day deliveries.

Meanwhile, B2B application KYC-Chain provided solutions for managing KYC processes for both individual and corporate customers. The company Hotmine which provides a new insight into mining, was the Mining 2.0 sponsor of the conference. The investment partner of the event, TaaS Capital Fund (NCF) enables easy crypto assets management.

Major investment companies and venture capital firms attended, including DLT solutions provider, Fundshing, NY-based global investment management firm, Intrinsic Value Investment Partners (IVIP), and investment advisory firm, InvestorsAlly. Also present were investment consultations provider Kylin Prime Group and UAE's private investment firm The National Investor (TNI).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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