The second day of BlockShow Americas features discussions on major industry issues like the Bitcoin ETF and the usefulness of crypto.
BlockShow Americas 2018 has started yesterday in Las Vegas, bringing together more than 1,500 attendees and 80 speakers in the crypto and blockchain industries to discuss widely debated topics on the new technology and its impact on the global community.
At the first day of the event on August 20, industry experts discussed major issues, including the new perspectives offered by the technologies and the question of interaction between major financial institutions and crypto, as well as the role of a proper regulatory approach to bring on the “blockchain future.”
Specifically, BlockShow speakers expressed their stance at a number of panels such as “Building Democracy on Blockchain,” “Wall Street vs Crypto,” “How Proper Regulatory Development Can Lead us to the Blockchain Future,” and others.
Today, August 21, BlockShow will gather major industry experts such as Dr. Nouriel Roubini, the CEO of Roubini Macro Associates who predicted the global financial crisis of 2008, Celsius founder Alex Mashinsky, and legal advisors Mike Miglio and Leslie Katz.
The second day of the event features closely studied topics in the industry such as the benefits of crypto, crypto regulations in the U.S., payment technologies, and crypto-based games, as well as one of the most recently discussed questions of a Bitcoin (BTC) exchange-traded fund (ETF). Today’s event will also feature the BlockShow Oscar awards ceremony, where startups are selected by an expert jury based on the originality of their projects.
The first day of BlockShow featured a panel about democracy and blockchain, where the panelists were largely in agreement about blockchain’s potential to transform the concept of democracy by enabling higher levels of accountability and engagement.
Dimitris Vassiliadis, director of product and business development at credit software company EXUS, claimed that blockchain is about “reinventing the model of democracy.” Vassiliadis, who is also a Tech Expert Evaluator at the EU Commission, stressed that the technology will not only allow for more accurate electing and voting, but will also propel more engagement and participation:
“[Blockchain] is not just the electing and the voting part, which is very fundamental in the entire thing, but it actually is also maintaining the engagement and the participation in the nature of the democracy, following the election results.”
Herb Stephens, Silicon Valley entrepreneur and co-founder and treasurer at the Democracy Earth Foundation, supported Vassiliadis’s stance, stating that blockchain is “actually moving to real democracy that is ruling by the hundred percent.”
However, Stephens also questioned the deployment of blockchain by centralized authorities, claiming that blockchain was not invented because someone “needed the trust of the third party.” Stephens argued that society is “not gonna build trust when it’s in a centralized authority,” claiming that “in the next ten years exchanges will go away, including crypto exchanges, including NYSE, NASDAQ and all the other exchanges.”
Also yesterday, BlockShow had seen a heated discussion on how the traditional financial space could potentially “merge” with crypto at the panel “Wall Street vs Crypto,” where field experts disputed over the current level of awareness of crypto at major financial institutions and crypto’s susceptibility to criminal activity, as well as the crucial role of crypto regulatory approaches.