Takeaways from Token2049 Conference 2018, Hong Kong

Well, well, well, here is the Big News!!

CoinSutra team is back from Hong Kong after a scintillating experience at the Token 2049 crypto conference held between March 20-21, 2018 at the Kerry Hotel.

The good news is, we have plenty of takeaways as well as appealing insights on “blockchain tech and crypto ” that should excite you because we were their official media partners!

If I have to summarize it all, in a nutshell, it was one of a heck sold-out conference on digital assets with so much in it that it almost looked like the tip of an iceberg from its set agenda.

That’s why in the post-event write-up, I intend to cover the important highlights, takeaways, discoveries, and experiences to explore this iceberg for our readers who couldn’t attend this event.

TOKEN2049 Conference 2018 Edition, Hong Kong

Token2049, as it was expected to, turned to be an unrivaled meet-up of blockchain builders, crypto-enthusiasts, cryptographers, entrepreneurs, blockchain influencers and investors from more than 30 countries with over 100 speakers and thousands of attendees.

Token2049-USPs

Here are the highlights:

#1. On the first day, the event kicked-off with a welcome keynote from Brian Kelly, CEO, BKCM where he stressed that, “We the early builders and users of this new technology has the opportunity as well as the responsibility to make proper use of it. To break the centralized silos to make something that benefits humans and brings in social change’. He further suggested that we should make our own regulatory rules and gave the motto of ‘In Us, We Trust’,” something I found very genuine.

#2. Kelly’s speech was followed by Vinny Lingham, CEO of CIVIC, who spoke on the topic of ‘Crypto Goldrush – Review, Future Outlook And The Importance Of Governance‘. He also shared information on the CIVIC-global decentralized identity platform and how it leverages the Bitcoin blockchain. Followed by his own regulatory and governance model thoughts on crypto space. He also briefly touched upon various dilemmas one faces in the blockchain ecosystem for its betterment and shared the importance of ‘Token Economy Design’

  • Utility tokens need to actually have utility
  • Security toke can deliver a return as promised
  • Money first, economics second is a bad idea

#3. This one is my favorite ones, where there was a panel discussion on ‘Decentralised Exchanges: The Future Of Crypto Trading?’ (aka DEX). The panel included the founders working DEXs as of today and each of them shared their approach to making their DEX platforms and their current focus. One thing that was cleared was that DEXs are inevitable and it doesn’t matter in what state they are in now. Also, CoinSutra spoke with Waves DEX and KyberNetwork DEX in detail and will be soon publishing about the same. Until then, enjoy our tweet-feed of this panel on DEX.

Decentralised Exchanges - The Future Of Crypto Trading

#4. Up next was one of the most anticipated speeches on Hashgraph and its open-source implementation Hedera. Hedera Hashgraph claims to be more superior distributed ledger technology than the blockchain which can handle 100s and 1000s of transactions per second. It is not live today but will be very soon and it will interesting see how the blockchain market responds to it.

#5. And finally, the day ended with the most advanced and exciting thing I have ever seen –  Sophia – the most advanced and intelligent social humanoid robot developed by Hong Kong-based company Hanson Robotics. This session was addressed by Ben GoertzelFounder, SingularityNET and looked like an amalgamation of Blockchain and AI for a decentralized future and decentralized AI based economy. Here is a sneak patinto the whole speech.

#6. The second day was all about how the crypto and token economy will look like in the year ‘2049’, as it was the agenda of the event, also as evident from its name. Also, it was about DApps, Smart Contracts, Distributed and Decentralized Storage Networks, ICO, Stablecoins, Centralized exchanges keeping up with unparalleled growth and the most awaiting Third-Gen Blockchain like Cardano.

Here are some insights on how centralized exchanges are dealing up with so much growth and also the challenges presented by decentralized exchanges:

Lastly, Cardano’s CEO Charles Hoskinson held up a mirror for the blockchain community to point out the flaws of the first generation and second generation blockchains such as Bitcoin and Ethereum. He mentioned the exclusive features and properties of Blockchain 3.0 such as:

  • Scalability
  • Interoperability
  • Sustainability
  • Governance

He stressed, that how Cardano is better by being a research-first driven approach cryptocurrency and blockchain project. And because of these features, it addresses the flaws of legacy blockchains so that 3 billion people in the world who are outside the financial and social system can be included too. Here is the full speech:

What’s Next?

Next, we expect to see a positive and healthy growth of the overall ecosystem despite the recent lows. And we would advice one and all not to panic. Just keep HODLing and keep learning about the latest industry insights.

Apart from all these, there were many ICOs and new projects pitching their products, but honestly, not all were worth. Here is one that we found interesting:

And we also interacted with Lisk’s Marketing Head, Changelly’s CEO, Waves’ CTO and KyberNetwork’s Founder. We will be publishing our talks with them very soon, so stay tuned to CoinSutra and keep enjoying the crypto and blockchain revolution with us.

That’s all from our side on the TOKEN2049 conference take away article. Overall, it was a great experience and we hope to have many more great experiences at future conferences so that we can bring you the latest and fresh insights right from the builders and users of the blockchain and crypto economy.

If you’re also interested in going to one of these conferences, check out this list of exciting blockchain events coming up later this year.

Were you at this conference? Have you read yet about the TOKEN2049 updates from any source?  Let us hear your thoughts in the comments below!

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Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Here at CoinSutra, we write about Bitcoin, wallet management, online security, making money from Bitcoin & various aspects of cryptocurrencies. You can read more about CoinSutra on the “About” page.
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