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Blockchain INDO 2018: Report from May Crypto-Conference in Jakarta

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On the 11-12th of May, blockchain experts, specialists, business owners and crypto-enthusiasts went to Indonesia: Jakarta hosted one of the largest conferences in Asia, organized by the Cryptoevent team – Blockchain INDO Conference.

Hundreds of participants from Asia, Europe, America and Russia gathered at the Kempinski Grand Ballroom Jakarta to discuss the pressing issues of the development of blockchain technologies, ICO projects, financial technologies and the crypto-industry, not only in Indonesia, but all over the world. During 2 days of the event, more than 40 speakers expressed their professional opinions, while 30 companies presented their stands at the exhibition – ICO-projects, blockchain-platforms and other services (Unicorn Go, Bali Coin, Florachain, Bayan Token, Stabix and others).

“We organized conferences in different countries, but the event in Jakarta was the first truly international event for us.” All speeches were held in English, participants came from all over the world,” told Nikolai Volosyankov, CEO of Cryptoevent and the organizer of the event.  “Everything was so successful that we are considering the possibility of holding Blockchain INDO 2019 in the first quarter of next year with our partners ACGL and GCM”.
One of the topics discussed by experts, speakers and participants is the state regulation of the cryptocurrency sector in Asia. As you know, the attitude of Asian authorities to cryptocurrencies can not be called liberal and in most cases they are skeptical about digital money. For example, in January this year, the Central Bank of Indonesia officially warned about the risks associated with the use of cryptocurrency and confirmed their illegal status in the country.

All experts and businessmen in the field of blockchain are waiting for the clear rules of the game adopted in the market. “In Switzerland, where I come from, some recommendations for tokens that are in circulation in the country have been made public, it helps to reduce uncertainty,” said Gebhard Scherrer, co-founder and COO of DATUM. “I think that, in addition to the state, private organizations can and should also participate in the development of such rules”.

Another issue discussed by the experts was the place of ICO-projects within the legal framework. “At the moment, Asian governments either directly prohibit ICO (China, South Korea, Vietnam), or close their eyes and ignore them in the hope that no one will suffer,” said Robert Ryu, co-founder and strategic director of Tristar Ventures “Nevertheless, in the long term, the advantages will outweigh the downsides: the growth of the technical industry, new employment opportunities, tax revenues. If the authorities decide to refuse the ICO and the crypto-industry, they will face the risk of losing whole industries, tax revenues and “brain drain” in more developed and open countries”.

In addition to the current topic of legislation in blockchain sphere, speakers discussed digital marketing, trends in ICO projects, trading, gender specific business practices on the blockchain, and also provided forecasts for the development of the crypto-community in Asia. Many participants acknowledged that Blockchain INDO has become one of the largest conferences in Indonesia this year.

The main organizer of the conference was the Russian event-company Cryptoevent in partnership with ACGL Malaysia, Global Citra Media and Asosiasi Digital Enterprise Indonesia. Along with the diamond sponsor – Financial.org, Bayanat Fintech, MOS, Summico, Mfun, Fiipay, OSA, Next Level Consulting and Ultroneum were also sponsors of the event.

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