Blockchain & Bitcoin Conference Switzerland. Results

In Switzerland, a generally recognized global hub for the latest technologies, the Blockchain & Bitcoin Conference was held for the second time, which brought together blockchain professionals and just listeners who care about the financial future of the world and their personal economic well-being. Similar events, in addition to the last event in Geneva, also took place in Sydney, London, Tbilisi, Paris, Stockholm, Helsinki, Kyiv, Astana,

According to the organizers - the Smile-Expo event company - the topic of the event has long gone beyond the scope of IT. Now this is a whole ideology that represents enormous opportunities for developments in business and in socially significant areas of life. 

Blockchain is no longer just a pilot technology. The practical capabilities of a distributed ledger allow you to store digital records, create smart contracts and conduct efficient monetary transactions. Thanks to this, there are many real-life applications for it, from the financial sector to logistics and healthcare.

This means that today it is no longer enough to simply gather everyone in one room to talk about common topics. It is not theorists who should talk about new technologies, but practitioners who have encountered both regulators and the hidden currents of this innovative business, which themselves paved their way through ups and downs.

Journalists from 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, were of particular interest gathered.

Arys Riuz, founder of TARCO international

The TARCO company 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 a silver-backed Ag token and a gold-backed Au token. 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 immutable. There is no danger that anything will happen to him. The more it was used as money, the more it justified itself. 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 emerge. Cryptocurrency is not a compelling alternative to fiat because it is not backed by anything.. And if we look at it from the point of view of the commodity trading market, then the only way that can be justified is to provide the resources that are required in order to extract it. 

Arys Riuz believes that gold, unlike cryptocurrency, is a material thing and will not go anywhere, and no one 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 there is none. This is why the company creates stablecoins 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 nothing will change in terms of volatility. 

Arys Riuz believes that his company’s token will give people the opportunity to trade with the whole world. 

Yanina Petrovskaya (Head of Compliance Department at Rechtsanwälte Lennert Partners)

Yanina Petrovskaya spoke about blockchain projects in Liechtenstein. 

The speaker noted the undoubted advantages of this country for launching a new blockchain startup.  Because Liechtenstein has the highest credit rating of  AAA+, firstly.  Secondly, Liechtenstein has adopted a draft blockchain law, ICO guidelines and other regulations that provide for the regulation of the crypto-economy.

Liechtenstein banks work with blockchain projects after verifying 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 has been established between banks and blockchain companies, so problems with banking customer service should not arise. Effective cooperation has already been established both in the field of banking crypto platforms and in the field of loyal taxation of crypto transactions.

Anaida Schneider

Financier Anaida Schneider came up with an idea that combined the art market, investment and high technology. The idea is non-trivial and controversial, in our opinion. But, as you know, every product has its own buyer.

Anaida has made a successful career in private banking in Switzerland and is now developing the Tilcoin project in Europe and Russia. The tilcoin project invites people to buy part of a painting by Soviet and Russian artists on the blockchain. The buyer is given a certificate and a printout of his piece of the painting, which he can hang in his home. Anaida states that there will be no self-destruction or damage to the paintings of the TLC company, as happened a few days ago with the famous Banksy painting. href="https://24tv.ua/ru/kartinu_bjenksi_kupili_za_sumashedshuju_summu_a_ona_mgnovenno_samounichtozhilas_foto_n1043211">"Girl with a Balloon".

Paintings and frames are checked by the company's employees, and the authenticity of the works is certified by experts. Moreover, both the paintings and the token are seriously insured. The project starts in December of this year.

Dr. Quy Vo-Reinhard (Director of Data Science and Co-Founder of the HIT Foundation, Healthcare Tokenization)

Born in Vietnam, lived in Italy, Germany and Canada and got a full upgrade in Switzerland. Currently focused on helping hospitals and patients manage information and treatment using the HIT token.

If you are healthy, you don't care whether your health information is stored, but if you are sick or very sick, storing such information can make a huge difference to you. value.

On our platform, we offer participants to enter into smart contracts, on the basis of which a patient or doctor can receive tokens corresponding to the data value determined by the participant providing the tokens - a doctor who is interested in data about the patient, or a patient who requires the services of a doctor. On our platform, the patient can access his personal data from different hospitals, access to data about the latest research on his disease, access to chat with. doctors..  Users of the platform include patients, doctors, universities, hospitals, pharmaceutical companies, device manufacturers, pharmacies and insurance companies. Data cannot be changed or falsified. No data can be lost. 

The platform also provides research companies or the government with services for conducting population surveys. This reduces costs, reduces the risk of falsification or loss of data, participants can disclose or not disclose their identity and receive compensation for participation. Insurance companies and industries obtain patient outcome data to monitor treatment effectiveness and reimbursement rates. 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. Pharmacies also use the platform’s services, where they can offer discounts to patients and effectively compete with each other. 

Doctors can earn tokens by providing consultations, or by analyzing the recommendations of other doctors, preventing unnecessary procedures, for example. People no longer need to search for information on Google, which is often not verified by anyone there and can even negatively affect the patient. 

HIT Foundation is engaged in charity and free treatment of orphans. Patients can also donate their tokens for the treatment of other patients. Doctors can contribute to the platform by providing their services free of charge.

The platform contains private and public information, information about hospitals, early detection programs and information about clinical trials.

John Erbguth (consultant on blockchain technology and data protection, lecturer at the University of Geneva)

John Erbguth spoke in detail about GDPR - the General Data Protection Regulation. 

GDPR applies in Switzerland to the effect that personal information cannot be recorded on the blockchain because it cannot be removed from there.. This regulation applies to companies that are considered to control or process personal data, to companies that offer goods or services to data subjects, to companies that monitor data. According to the GDPR, any information identifying an individual (IP addresses, Bitcoin address, anonymous profile, anonymous browser history) is considered personal data. Nicknames and pseudonyms 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 keep your private key, then someone can gain access to your key. And you don't know, for example, whether the information will be deleted if you destroy the private key, or whether anyone has a copy of your private key. Hashing can be used as an alternative to encryption. Hashing is GDPR compliant, as is Zero Knowledge Proof, where you can prove something without giving away details. You can store personal information privately, and the private key on a public network, for example, in the form of a fingerprint scanner. Data hashing creates the value (result) of a hash function, strengthening the privacy technology. You cannot delete it from the blockchain, but you can delete some of the hashed information.  

Alex Bozhinov - traditional companies and decentralized applications.

Alexey talked about what Dapps. Why is it so important for an application to be open source? 

Not all developers publish code on GitHub. However, Microsoft's acquisition of the GitHub platform hints that in the future, almost all code will be open source. And in this situation, decentralization of storage is more important than ever.

Why should business owners be interested in Dapps?

Currently, approximately 1.8 billion users use cloud storage (amazon, microsoft). Decentralized servers reduce storage costs by almost 90% - for 1 terabyte of memory you pay approximately $2/month..

Storing personal data on the blockchain is more secure and reliable. This will help avoid many hacks, as well as improve the user experience.

Blockchain technology can be used to provide reliable and cheap notary services. 

With the help of blockchain technology, supply chains can be easily managed. 

At the beginning of the year, all the largest companies opposed 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 take a more serious interest in this industry. 

In general, the conference in Geneva made a good impression. The level of speakers was very high. Their presented projects seem quite promising and convincing. The atmosphere was conducive to an informal but productive dialogue.