Blockchain Conference Abu Dhabi will be held on December 8 at Marriott Downtown Abu Dhabi.
Many people know it as the technology behind Bitcoin, but block chain’s potential uses extend far beyond digital currencies.
Blockchain’s admirers include Bill Gates and Richard Branson, and banks and insurers are falling head over heels to be the first to work out how to use it.
Currently, most people use a trusted middleman such as a bank to make a transaction. But blockchain allows consumers and suppliers to connect directly, removing the need for a third party.
Using cryptography to keep exchanges secure, blockchain provides a decentralized database, or “digital ledger”, of transactions that everyone on the network can see. This network is essentially a chain of computers that must approve an exchange before it can be verified and recorded.
A revolutionary concept
The technology can work for almost every type of transaction involving value, including money, goods, and property. Its potential uses are almost limitless: from collecting taxes to enabling migrants to send money back to family in countries where banking is difficult.
Blockchain could also help to reduce fraud because every transaction would be recorded and distributed on a public ledger for anyone to see.
In theory, if blockchain goes mainstream, anyone with access to the internet would be able to use it to make transactions.
Currently, only a very small proportion of global GDP (around 0.025%, or $20 billion) is held in the block chain, according to a survey by the World Economic Forum’s Global Agenda Council.
But research suggests this will increase significantly over the next decade, as banks, insurers, and tech firms see the technology as a way to speed up settlements and cut costs.
Companies racing to adapt block chain include UBS, Microsoft, IBM and PwC. The Bank of Canada is also experimenting with the technology.
The estimated amount of capital that banks put in on blockchain stands at $75 million as per last year estimates. Silicon Valley venture capitalists are also queuing up to back it.
B Conference Abu Dhabi
Blockchain Conference Abu Dhabi, the main FinTech event in the Middle East region, will be held on December 8 at Marriott Downtown Abu Dhabi. This activity promises to be multinational, with representatives from 12 countries to share their views on the future of Blockchain technology.
B Conference Abu Dhabi agenda
The conference agenda includes 5 panels:
- Intro Panel:
- Saqr M. Ereiqat (IBM Middle East) – “Your introduction to Blockchain”
- Steve Plimsoll (PwC Middle East) – “The future of audit/accounting 2016 version”
- Yves-Laurent Kayan (Coinplus) – “Investment in Blockchain: what is worth to know”
- Victor Kiriakos (Flat6Labs) – “Blockchain start-ups on the UAE Map”
- Finances and Banking
- Rajashekara V. Maiya (Emirates NBD & Infosys Finacle) – “Case study: Blockchain network for Emirates NBD”
- Loretta Joseph (Sydney Stock Exchange Limited) – “How to build a blockchain settlement system”
- George Basiladze (Cryptopay) – “Bitcoin as a settlement mechanism for card industry”
- Cecil O’Brien Owens (Total Technologies and Solutions FZ-LLC) – “Blockchain-based e-voting system”
- Hilal Hussein (IDB Group) – “Secure payment system using cryptography, and Blockchain technology”
- Madhukar Shenoy (PwC Middle East) – the topic will be announced soon
- Christian Chamorro-Courtland (Zayed University Abu Dhabi) – “Law enforcement and regulation”
- Real Case Studies:
- Pavlo Tanasyuk (Blockverify.io) – “Oil Freight Blockchain Applications”
- Marina Reznik (Ubitquity LLC) – “Blockchain technology for real estate transactions”
- Dominik Schiener (IOTA) – “IOTA-ledger of things”
- Chain of Solar
- Luke Johnson (SolCryptoJV) and Abe Cambridge (SunExchange) – “Overview of the use of Blockchain Technology in the solar industry”
Additionally, there will be a unique presentation of a new product to be launched.
Each panel will be moderated by experts, who are skilled and proficient in each topic; they will make the conference day full of pithy discussions and provocative questions.
The conference speakers will talk about new technological solutions, security and privacy issues, collaborations and new products. They will share their practical cases and specific examples demonstrating operations of Blockchain in the best possible way. You will learn how to use Blockchain in your own business and earn more than others.
Here’s how you can join the conference
More information can be found on their website: www.bconference.org