According to the organizers of the event, the company Smile-Expo, the theme of the event has long gone beyond IT. Now it is the whole ideology which represents huge opportunities for developments in the sphere of business and in socially significant areas of life.
Blockchain has ceased to be just a pilot technology. The practical capabilities of a distributed registry allow you to store digital records, create smart contracts and conduct effective cash transactions. Because of this, there are many ways of its real application: from the financial sector to logistics and health.
This means that today it is not enough just to gather everyone in one room to talk about common topics. It is not the theorists who should talk about new technologies, but the practices that have faced both regulators and hidden currents of this innovative business, which have paved their way through UPS and downs.
Journalists of our portal took part in the conference on October 9 and shared their impressions of what they saw.
In our article we will briefly introduce those speakers whose topics, in the opinion of our representatives, are particularly interested in the audience.
Arys Riuz, founder of TARCO international
TARCO States that ITS main goal is to create an asset-backed cryptocurrency, because a significant alternative to Fiat can only be a cryptocurrency supported by something traditional, familiar to public opinion.
Our goal is token Ag, secured silver, and token Au, backed by gold. We take things that work and transform them into our world of technology. We want to use gold to create an alternative to Fiat.
Gold has been money for thousands of years because it is unchangeable. There's no danger of anything happening to him. The more it was used as money, the more it paid off. I like Satoshi, I like the idea of an alternative currency system. But the problem is that cryptocurrency is not stress-resistant from a technological point of view. More advanced technologies will appear. Cryptocurrency is not a convincing alternative to Fiat because it is not secured by anything. And if you look at it from the perspective of the commodity market, the only way that you can justify it is by providing the resources that are required to get it.
Arys Riuz believes that gold, unlike crypto currency, is a material thing and will not go anywhere, and nobody knows what will happen to bitcoin in a hundred years. The speaker pointed out that cryptocurrency can be successfully used in developing economies to provide banking where it does not exist. This is why the company creates stable coins to control volatility. People in Venezuela, Vietnam or Turkey cannot have an alternative to the current monetary system. They have no power over their systems. For developing economies there is no difference, because their national Fiat is also very volatile. Cryptocurrency is an alternative because in terms of volatility nothing will change.
Arys Riuz believes that the token of his company will give people the opportunity to trade with the whole world.
Yanina Petrovskaya (head of compliance Department, Rechtsanwälte Lennert Partners)
Janina Peter talked about the blockchain-projects in Liechtenstein.
The speaker noted the undoubted advantages of this country for launching a new startup on the blockchain. Since Liechtenstein has the highest AAA+ credit rating, first. Secondly, Liechtenstein has adopted a draft law on blockchain, ICO-recommendations and other legal acts that provide for the regulation of the crypto economy.
Liechtenstein banks are working with the blockchain projects upon certification of their compliance with the rules. The license is issued within 2-3 months, the regulator checks the project, its stages, token, company and monitors the safety of storage of invested assets.
Yanina Petrovskaya noted that it is in this country that a constructive dialogue between banks and blockchain companies has been established, so there should be no problems with banking services to customers. Already there has been good cooperation in the field of banking cryptoplasm, and loyal to the taxation of cryptooperation.
Anaida Schneider
Financier Anaida Schneider came up with an idea that combined the art market, investment and high technology. The idea is nontrivial and controversial, in our opinion. But, as you know, each product is a buyer.
Anaida has a successful career in private banking in Switzerland and is now involved in the development of the Tilcoin project in Europe and Russia. The tilcoin project offers people to buy a part of the picture of Soviet and Russian artists on the blockchain. The buyer is given a certificate and a printout of his piece of painting, which he can hang at home. Anaida says that with the pictures of TLC will not happen any self-destruction or damage, as happened a few days ago with the famous painting Banksy "Girl with a balloon."
Paintings and frames are checked by employees of the company, and the authenticity of the work is certified by experts. Moreover, both the paintings and the token are seriously insured. The project will start in December this year.
Dr. Quy Vo-Reinhard (Director for data processing and analysis and co-founder of the HIT Foundation company, health tokenization)
She was born in Vietnam, lived in Italy, Germany and Canada and received a full upgrade in Switzerland. Currently engaged in helping hospitals and patients manage information and treatment with the HIT token.
If you're healthy, you don't care if your health information is stored, but if you're sick or very sick, storing that information can make a huge difference to you.
On our platform, we invite participants to enter into smart contracts on the basis of which the patient or doctor can receive tokens corresponding to the data value determined by the participant providing tokens – the doctor who is interested in the data about the patient or the patient who requires the services of a doctor. An intelligent contract specifies the data access and transfer token. On our platform, the patient can access their personal data from different hospitals, access data on the latest research of their disease, access to chat with doctors. Users of the platform are patients, doctors, universities, hospitals, pharmaceutical companies, equipment manufacturers, pharmacies and insurance companies. Data cannot be altered or tampered with. No data can be lost.
The platform also provides survey services to research companies or the government. This reduces costs, reduces the risk of falsification or loss of data, participants may disclose or not disclose their identity and receive rewards for participation. Insurance companies and industries receive data on patient outcomes to monitor treatment effectiveness and reimbursement. Patients receiving effective treatment also save their finances and will be able to avoid medical errors that occur due to the fact that the doctor does not see the full picture of the disease. Also, the services of the platform are used by pharmacies, where they can offer discounts to patients and effectively compete with each other.
Doctors can earn tokens by providing advice, or by analyzing the recommendations of other doctors, preventing unnecessary procedures, for example. People no longer need to look for information in Google, which is often there no one checked and can even negatively affect the patient.
HIT Foundation is engaged in charity and free treatment of orphans. Patients can also donate their tokens to treat other patients. Doctors can contribute to the platform by providing their services for free.
On the platform there are enclosed and open information, information about hospitals, programs, the early detection of disease and information about clinical trials.
John Erbguth (blockchain technology and data protection consultant, lecturer, University of Geneva)
John Erbguth spoke in detail about the GDPR - General data protection regulations.
The GDPR applies in Switzerland to the fact that it is impossible to record personal information on the blockchain, because it can not be removed from there. This regulation applies to companies that are deemed to control or process personal data, companies that offer goods or services to data subjects, companies that monitor data. According to the GDPR, personal data is any information that identifies the identity of an individual (IP address, bitcoin address, anonymous profile, anonymous browser history). Nicknames and aliases are also considered personal information. Completely anonymous information is not considered personal data.
Can encrypted information be considered secure? If you store information on a public blockchain and you have a private key, someone can access your key. And you don't know, for example, whether the information will be deleted if you destroy the private key, or if someone has a copy of your private key. As an alternative to encryption, you can use hashing. Hashing meets GDPR requirements, as does zero-knowledge Proof when you can confirm something without disclosing details. You can store personal information in person, and the private key in a public network, for example, in the form of a fingerprint scanner. Hashing data is a value (result) of a hash function, strengthening the protection of personal data. It is impossible to delete from the blockchain, and it is possible to delete a part of the hashed information.
Alex Bozhinov-traditional companies and decentralized applications.
Alex talked about what Dapps is. Why is it so important for an application to be open source?
Not all developers post code on GitHub. However, the acquisition by Microsoft of the github platform hints that in the future almost all codes will be in the public domain. In this situation, decentralization of storage is more important than ever.
Why should business owners be interested in Dapps?
Currently, about 1.8 billion users use cloud storage (amazon, microsoft). Decentralized servers reduce the cost of storage by almost 90% - for 1 terabyte of memory you pay about $2/month.
Storage of personal data on the blockchain is more secure and reliable. This will help to avoid many hacks, as well as improve the user experience.
Blockchain technology can be used to provide reliable and cheap notary services.
With blockchain technology, you can easily manage your supply chains.
At the beginning of the year, all major companies opposed the blockchain and cryptocurrencies in particular, but at the same time, for example, Google, invested more than $200 million in blockchain projects. And at the moment, many institutions are beginning to be more seriously interested in this industry.
Overall, the conference in Geneva made a good impression. The level of speakers was very high. Their projects seem to be quite promising and convincing. The atmosphere was conducive to informal but productive dialogue.