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SG Blockchain Day 2021 paves the way for a vibrant local blockchain ecosystem

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The event is part of the Singapore FinTech Festival 2021 Innovation Lab Crawl, featuring key industry leaders and experts

SINGAPORE, Nov. 2, 2021 / PRNewswire / – The Blockchain Association Singapore (BAS) today announced that it will host its annual conference, SG Blockchain Day 2021, Friday, November 12, 2021. The event aims to foster deeper social engagements among global blockchain professionals and companies, while further boosting the dynamism of the local blockchain ecosystem.

As part of this year’s Singapore FinTech Festival Innovation Lab Crawl, SG Blockchain Day 2021 caught the attention of many global blockchain leaders and industry players. The current event agenda consists of over 30 speakers and industry leaders, including Ethereum co-founder, Vitalik Buterin and David shrier, Professor of Practice and Director of the Institutional Digital Assets Project at Imperial College Business School. The event is supported by ecosystem partners such as the Algorand Foundation, Olivier Wyman and 80RR Fintech Hub, while blockchain companies such as Chainalysis, IBM, Nansen, Tech Data and RegTank are the event’s golden sponsors.

SG Blockchain Day 2021 will focus on current and emerging developments in the blockchain and digital assets sector as well as its surrounding ecosystems, with a total of eight keynote addresses, eight panels and a planned masterclass.

Commenting on SG Blockchain Day 2021, Mr. Chia hock lai, co-chair of the Blockchain Association Singapore, said: “The blockchain industry and digital assets in Singapore is well positioned to grow in leaps and bounds and I hope “SG Blockchain Day 2021” serves as a source of knowledge and inspiration for our members and the ecosystem. The event will also serve as a prelude to a multi-day SG Blockchain Week, a large-scale in-person international event slated for 2022. TThis marks the start of many other exciting initiatives to come from BAS for which we are seriously preparing. “

Recently, BAS also celebrated the resounding success of the first Blockchain For Good Non-Fungible Token (NFT) charity auction held in conjunction with the National Trades Union Congress U Care Fund (NTUC-U Care Fund). Thanks to the generous support of partners such as Singapore Airlines, KrisShop, Ether Cards and A&A Blockchain, the charity auction was successful 400,000 Singaporean dollars value of funds to help low-income union members and their families.

NFTs have seen increasing popularity in recent times, dominated by the arts and collectibles segments, with sales of these assets reaching over US $ 10 billion in the third quarter of 2021, more than eight times compared to the previous quarter[1]. Meanwhile, the Total Locked-In Value (TVL) in Decentralized Finance (DeFi) Protocols has reached 187 billion US dollars[2]. According to a survey by the Bank for International Settlements (BIS), 86%[3] of central banks are actively seeking the potential of the CBDC. On the other hand, out of the top 100 banks in terms of assets under management, 55 have invested, directly or indirectly, in companies related to cryptocurrency and / or blockchain.[4].

“As a partner of the SG Blockchain Day ecosystem, this aligns with the Algorand Foundation’s mission to support innovation for an inclusive ecosystem that provides the opportunity to build a borderless economy. The future global promise of blockchain technology is on our doorstep and we look forward to fostering partnership and growth even as we tackle issues such as environmental impact, sustainability and climate change, ”Mr. Jason lee, Deputy Managing Director of the Algorand Foundation.

Olivier Wyman is happy to work alongside thought leaders in blockchain to develop breakthroughs in this space. As a knowledge partner of SG Blockchain Day, we look forward to sharing our ideas and discussing Central Bank Digital Currencies (CBDCs) and the future of silver as well as the institutional opportunity in the markets of cryptography with the ecosystem of regulators, banks, FinTechs and enterprises ”, said Mr. Chia Tek Yew, vice president of Singapore, Olivier Wyman.

“80RR Fintech Hub SG is delighted to be the sponsor of the Blockchain Association Singapore Annual Conference, SG Blockchain Day 2021. With the rapid emergence of the blockchain industry and digital assets in Singapore, we look forward to partnering with Blockchain Association Singapore on future initiatives to accelerate the development of the local blockchain ecosystem, ”said Mr. Gan Boon Seng, Community Director, 80RR Fintech Hub SG.

With this, SG Blockchain Day 2021 hopes to highlight the incredible past year as well as the upcoming opportunities for the blockchain ecosystem and digital assets in Singapore. Interested participants are invited to register for free access to the event via https://singaporeblockchain.org/blockchainday2021/.

About Blockchain Association Singapore

The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation. The Association is designed to be an effective platform for members to engage with multiple stakeholders – regional and international – to discover solutions and promote best practices in a collaborative, open and transparent manner.

It aims to promote blockchain literacy and create a strong talent pool for the digital economy in Singapore. BAS also aims to accelerate the development of blockchain companies operating or entering into Singapore, and their subsequent integration and acceleration in the Singapore blockchain ecosystem.

For more information, please visit https://singaporeblockchain.org/.

[1] https://www.reuters.com/technology/nft-sales-surge-107-bln-q3-crypto-asset-frenzy-hits-new-highs-2021-10-04/
[2] https://www.coingecko.com/fr/categories/decentralized-finance-defi
[3] https://www.bis.org/about/bisih/topics/cbdc.htm
[4] https://www.blockdata.tech/blog/general/banks-investing-blockchain-companies

SOURCE Blockchain Association Singapore


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