CONFERENCE REVIEW: The 21st International Business Networking Event

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Just recently, Riga held the biggest networking event in the Baltics, the 21stInternational Business Networking Event. Organized by the IBNC (International Business and Networking Consortium) it gathered participants from more than 30 countries. The main theme for the speakers was “The Modern World”. Participants’ subjects were ranging from such humane topics like civilization and cancer to trendy ones like virtual reality and digitalization of governments.

The attendants were greeted with a song from one of the participants.

Digitalization

When speaking about a such topic as The Modern World, digitalization is the first thing that pops in our minds. Coincidentally, this theme was widely overlooked by the presenters. A representative from Indonesia, Mrs. Tanti Widyastuti, mentioned that Indonesia is pushing the digitalization of their governments and government related instances. However, the overall statistics, presented by the speaker, showed that Indonesia still has a long way to go. Such small European countries like Latvia and Estonia were ahead of Indonesia in terms of digital growth.

Mrs. Tanti Widyastuti with her presentation about Indonesia.

Moreover, Mr. Toufic Kawar touched the subject of communication in the digital world. He highlighted that never in the human history we have been more closer to each other, but at the same time, we have never been more lonely than we are now. We no longer speak to each other, we text or chat. He stressed it as a generally significant problem that needs solving.

Mr. Toufic Kawar with his presentation about the benefits and possible losses of contemporary civilization.

Interestingly enough, nobody spoke about money in terms of digitalization. Our payment methods are changing and most of the cryptocurrency enthusiasts anticipate a change in our monetary system.

Money, money, money…

However, there were a couple of guys, Mr. Arturs Boss and Mr. Kristaps Strelis from Amber Capital Holdings, who talked about the money topic, but in a different way. They presented their new payment Service, Willow&Birch, which would differ from the conventional banking that we know today. Arturs and Kristaps spoke about the problems that the conventional banking faces today and the ways how they offer to change that.

Mr. Arturs Boss and Mr. Kristaps Strelis from Amber Capital Holding and their Vietnamese associate Ms. Chi Bui preparing for their presentation.

Both guys stressed that nowadays niche market customers are not welcome to open a bank account. Banks today have lost their touch in terms of philosophy and communication with the customer. Willow&Birch will offer a completely new way how a bank will communicate with its customers. They will put customer as the number one priority and promises to look into every case individually. A different approach into KYC applications. Both guys highlighted that nowadays operating with conventional banks might seem very distant and people simply haven’t got an option to talk to somebody in person. With all the chat-bots and automatic algorithmic replies, banks have lost the personal touch with their clients. And that is what Willow&Birch is offering – a different approach in customer service.

However, their PSP license in Lithuania is still pending.

Technology

Along with digitalization and money comes another very important aspect – technology. It is constantly evolving and being developed. Of course “The Modern World” featured topics related to this phenomena. A representative from Bite Latvia, Mr. Gatis Ruluks, shared their company’s views on the development of telecommunication. Bite Latvia is the fastest growing mobile operator in Latvia and it provides innovative mobile services to their customers. Gatis talked about the advantages that a private branch exchange (PBX) can offer to companies. An interesting fact that he shared was that U.K. companies loose around 30 billion pounds each year from unanswered telephone calls.

Mr. Gatis Ruluks from Bite Latvia.

Another interesting concept came from the CTO and co-founder of Exonicus Inc, Anatomy Next, Mr. Janis Kondrats. They have figured out a way how to link virtual reality with healthcare. Exonicus have developed a tool for medical students, a virtual reality emergency medicine training simulator – Trauma Simulator. With this device, medical students in various environments can practice before becoming an expert. Students are put in critical emergency environments that allows them to develop their skills with real/virtual tools. Also, they have a partnership with the U.S. Army Medical Research team which means that they are offering their services to military instances as well.

Mr. Janis Kondrats from Anatomy Next presenting Virtual Reality medicine training simulator.
Mr. Janis Kondrats showing off old techniques of medical training.

The shape of the Modern World

The extensiveness of the term – Modern World, gathered a wide range of different topics. The Modern World speaks about globalization, growth, economy, technology, banking, but all these areas of expertise have one thing in common. Interaction. How we interact with banks, with technology, medicine and more importantly – with each other. It sure seems like the future, where we live now, brings so many advantages, but fails in certain very important areas like communication. This statement should be wrong in so many ways since we have Facebook, WhatsApp and every other social platform which actually brings the whole world together, but at the same time distances us. The Modern World is all about bringing back the communication that we had before we had all these new social, digital features.

Mr. Samson Ajikobi and Mr. Maris Luks from Amber Life Clinic with their presentation about cancer, how they treat it.
Mr. Clevas Tuscano with a presentation about Estonia’s success story – e-Residency. How Estonia is the best place for new Start-ups. In the slide you can see some of the most popular start-ups that come from Estonia.
Mr. Karlis Jonass with his presentation about how important is UX design in the digital age.

Overall, this was a very comprehensive event, it overlooked many important social topics and ideas. As always, since it is a networking event, not a conference, the time for communicating, or networking with others, was significantly longer than you see in similar events. The combined time that was reserved for getting to know various business environments was around two and a half hours.

Topic – cryptocurrency

It seems like this event is slowly forming its way to do a cryptocurrency related event some time in the future. Although nobody mentioned cryptocurrencies this year, it sure feels like some time in the future it will be one of the core elements of this event. To be honest, the development of cryptocurrencies is the key factor when it could get widely covered in this event. At the moment, the popularity of cryptocurrency related areas are very small in the region of Eastern Europe. I believe that is the main factor why businesses come to Latvia to talk about more general topics. Once cryptocurrencies are more widely accepted in business environments around European or Asian governments, I believe the IBNC (International Business and Networking Consortium) will integrate it as one of the core topics of their events.

Of course, as a cryptocurrency news outlet, we wanted to hear more about what cryptocurrencies can bring to the concept of modern world. Since cryptocurrency threatens our current monetary system and offers so many advantages in almost any business area, we believe that the topics covered ties together with the growth of crypto and blockchain in general. It is only a matter of time.

The Global World

Additionally, at the end of the event, they presented the next theme for the forthcoming 22ndInternational Business and Networking event which will take place on 18thof October, 2019. Next time the participants will be covering topics revolving around the concept of “The Global World”. This sounds like a more general topic and can contain almost anything. I believe the emphasis will be put on topics regards globalization and the environment. Also, human interaction with technology and how it will evolve in the near future. It could overlook basic universal income and a borderless society principles, but this is just a guess.

If you want to reserve a ticket for the next event, head over to this address (https://sfk.lv/index.php/en/apply) and get yours for only 140 Euros. That way you will support the organizers and help them in making the largest networking event in Eastern Europe. 

If you want to read about the topics that were covered in the previous event, click HERE.

Best Coin Investments are proud to be a part of this event and thankful for the opportunity to attend it. Talivaldis Kreislers and Mara Kreislere are doing a great job in bringing such events to Latvia for more than 10 years. Best of luck to them!

Also, we managed to interview Kristaps Strelis about their new payment and bank service – Willow&Birch. We asked him about how would they differ from a conventional bank and what was his opinion on cryptocurrencies and bitcoin. We will publish the interview soon!

All photos by SFK.lv

Moontec Tallin, Estonia 2018

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Last week, November 26-27, in Tallin, Estonia, insights about the latest achievements in blockchain and cryptocurrencies gathered the annual Moontec Blockchain Summit. Last year they had massive success, bringing in more than 2000 attendants and representatives from large companies like IBM and Microsoft. This year, they had a similar line-up. The emphasis was on blockchain technologies in combination with governments. Also, multiple presentations were dedicated for Estonia’s “new” e-residency platform of which Estonians are very proud of. One of the keynote speakers this year was “DataDash” or Nicholas Merten. The overall feeling was filled with passion, excitement, and willingness to learn. This year was special because the organizers prohibited ICO pitches in that way leading the summit to a more focused environment.

The Universe stage

E-residency

Multiple representatives from Estonia’s e-residency platform stormed the conference. They all shared their broad experience since its launch in 2014. Kaspar Korjus, the managing director, led his presentation more philosophically and shared a few interesting facts. For example, E-residency has seen a direct increase in applications since the United Kingdom voted for Brexit. Apparently, business owners in Britain are frustrated about their future, so to avoid possible problems with taxation they register within Estonia’s new business residency. It is easy to set up. Applicants can do it from a distance, meaning the companies don’t have to leave their area of operation. Also, another shocking fact is that if the applications keep coming and the cost for maintaining an e-residency account is 100 Euros/month, then Estonia wouldn’t need to tax people in 10 years. Kaspar’s presentation ended with an inspiring quote: “I believe nations are becoming more independent from its own physical land, citizens, services, revenue and start serving humans as never before.”

Kaspar Korjus and his philosophical speech on tax-less governments

Est-coin

Ott Vatter, the deputy director of e-residency, shared the story of est-coin – the phenomena which introduced Estonia to the wider blockchain and crypto audience. Still, many people know what Estonia is, just because of this subject. It projects Estonia in a very crypto-friendly light, although the country lately would suit the nickname “the least crypto-friendly country” instead.

So Mr. Vatter told the story of how Estonia got so popular among crypto people. Initially, est-coin was meant for e-residency implementation as a small figure, but the Estonian media portrayed it in a completely different light. They accused that Vatter and his team wants to implement est-coin within the government and make it a national currency. The whole world picked it up rather quickly and shared it, respectively.

E-residency panel with Liina Laas, Priit Martinson, Silvan Mifsud and Ott Vatter, moderated by Alexander Chanadiri

Blockchain in governments

Louis De Bruin 

The overall feel after listening to all the presentations on blockchain in relevance with governments was that – it already is being used full-time. Governments from all around the world are seeking the best aspects of adopting blockchain the best way there possibly is. For example, Daniel Gasteiger, the founder and CEO of Procivis AG, shared what various governments around the world are using blockchain for. Sweden, Georgia and other countries have blockchain powered land registries. South Korea invests in e-voting and certification issuance. Japan is processing government tenders through blockchain, and the United Arab Emirates, in general, are Blockchain pioneers.

Just like mentioned before, governments are already exploring what blockchain can and cannot do, so the question after this summit was – are we going to need cryptocurrencies anymore? The real use-case here is only for blockchain.

Dohyung Kim and his vision on the limitations of public blockchains in capital markets.

Venue

The venue itself was small but unique. It was an old soviet heating factory. Brick walls, huge metal subjects, and enormously high ceilings embellished the summit. There weren’t that many companies with stands to show off their working field. Change, CoinMetro, Taitoss, WinWin Solutions, Delta Heroes, and BTCBIT were the only companies with actual stands. There were two stages – The main stage was called Universe stage, and the small one was called the Moon stage. During launch breaks, the organizers thoughtfully anticipated many types of foods for every kind of food lover. So the attendants could network without any problems.

Conclusion

Ashen Tan from Australia’s CoinJar talking about digital payments and which form of payment is best in the digital era.

This year’s hype was built up for this summit because of the last year’s success. One of the biggest let downs was the absence of the main keynote speaker – Taavi Roivas, ex-prime minister of Estonia. He canceled his speech, because of his work in the government.

Judging by last years success and the big attendance, we expected something similar, but got struck by a different picture. There was nothing close to 2000 attendants, and if one stage was full, then that meant that the rest of the venue was close to empty. Not speaking in direct numbers, but it honestly looked like the event lacked some audience.

However, then if you give it a more logical thought – it makes sense. Last year the organizers opened this summit during December when the biggest bull-run in crypto history occurred. Naturally, it gathered many audiences because everyone was at hype and thought that all the ICOs are going to bring in moons and lambos. However, now, after a year of constant money losing, the audience is getting pickier on what to attend. It was clearly in the air, as already mentioned before, the main topics were about blockchain technologies, not cryptocurrencies. Everybody is hodling, speaking about buidl, and are in high expectations on spedning his or her assets when the mass adoption comes. Looking from this point of view – Moontec has become more like an industry checkpoint. By attending Moontec, you can see and feel how the industry has developed over the course of one year. Can’t wait and see how the summit is going to look like next year. 

Photos by Best Coin Investments

The largest Nordic blockchain summit – Moontec, is right around the corner.

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Starting next week, one of the most prominent summits in the northern Europe region will take place. It is a two-day conference beginning from Monday, November 26 and ending on November 27, respectively. Moontec resides in the Baltic crypto capital – Tallin, Estonia. Last year all the tickets were sold out, and more than 2000 attendants from 30+ countries visited the event. 

Moontec… to the moon?

The event mainly focuses on the development and use cases of blockchain technologies and companies operating with cryptocurrencies. This year will bring a much more organized and selected schedule, and most certainly will draw new areas of interest. From the beginning, Moontec has attracted industry professionals from all around the world. Big companies like Microsoft and IBM is returning to the conference, and this year one of the key speakers is Nicholas Merten, the man behind one of the most popular crypto youtube channels – DataDash. It is most definitely worth to come and see his presentation on “How Cryptocurrencies are Disrupting and Liberating Emerging Markets.”

The crypto capital of the Baltic region

Estonia, in general, has been an early cryptocurrency and digital trend adaptor. Their e-residency platform is fast gaining popularity. It launched on December 1, 2014, and it allows non-Estonians access to Estonian services such as company formation, banking, payment processing, and taxation. It is reasonably easy to use and even more comfortable to form.

Ott Vatter, the deputy director at e-residency, will host the opening speech. Moreover, the subject of e-residency will be widely discussed during the conference day one. Kaspar Korjus, the managing director at e-residency, will speak on several discussion panels about the governments’ ability to support blockchain, and weather e-residency can help countries to scale.

No ICOs this year

This year Moontec has decided not to allow ICO pitches. So there won’t be any ICOs at all presenting their “soon to be” products. They write: “With the majority of Blockchain events becoming ICO pitching arenas, we decided to prohibit ICO promotion on our stages and focus on the technological aspects of Blockchain and its use cases.” We congratulate this decision because we believe that allowing ICOs to present their yet undeveloped ideas to attendants who paid their hard earned money, was not ethically correct.

Industry professionals

Last year Moontec gathered speakers and product stands from prominent tech companies around the world. Such companies as Microsoft, IBM, Hyperledger, Consensys, Lykke and many more were the key attendees.

This year will be no exception as many of these companies are returning to the conference to share their freshly developed ideas. Of course, new companies have joined in like OKEx exchange, CoinJar, Revolut, representatives from NEO blockchain, Lloyds Bank, and even Interpol. So it is safe to say that this year the event will be twice as better as it was last year. Meaning that even more crypto ground gets covered in these two days.

Conclusion

Moontec most certainly looks like a go-to event. It will mostly focus on actual technology rather than discuss the possibilities that future offers. Day one is specifically for regulatory enquires. Members from the European Parliament are expected to present their view on blockchain technologies as well. However, the second day will mainly outline blockchain use cases among many companies.

Best Coin Investments proudly can say that we are the media partners for this event. So we will cover a review after the event and keep you posted about the ongoings within the summit by communicating through our Twitter account.

If you are near Tallin during November 26-27, definitely come and take a look at this event as it will share some of the most profound insights on where the global cryptocurrency market is heading. 


More information

The conference homepage: https://moontec.io/

To book tickets visit: https://moontec.io/registration/

Check the full list of speakers: https://moontec.io/speakers/

Also, the full schedule: https://moontec.io/event-schedule/


Photo by Marlene Leppänen from Pexels.

Blockchain Turkey Summit 2018

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Last week Best Coin Investments attended one of the largest Blockchain events in Turkey – Blockchain Turkey Summit 2018. It was a well-organized event with somewhat around 1200 attendees with some of them being government representatives, politicians, authorities and, mostly, people in the tech and business field. The summit mainly consisted of talks about Blockchain development within the country and how it might affect the future. Also, representatives from the Turkish government did a few presentations on the governments take on cryptocurrencies and blockchain in general. 

The main stage. Photo by Best Coin Investments

Turkey is positive about cryptocurrencies

The primary outcome of the summit is that Turkey is very open to developing cryptocurrencies and blockchain technologies in the future. Tensel Kaya, CEO of Mindstone, pointed out that they would need stablecoins or stable currencies for doing better business with cryptocurrencies.

Workshops

Furthermore, the summit also gathered many tech enthusiasts to take part in the IoT and Blockchain workshops. They tested out software with Markov chain with Monte Carlo simulations on the blockchain. The physicists from the Manhattan project invented the Monte Carlo method, and it is all about generating data for variables to simulate systems. However, A Markov chain is a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event.

Urs Bolt

Decentralized systems

Moreover, the summit consisted of talks about decentralized systems and how they could overcome the traditional centralized systems we know. Robert Wiecko, the COO of Dash Group Inc. and Jan-H Meyer, the CEO of Dash Embassy D-A-CH UG, presented their instant payment platform and gave a few convincing arguments why DashPay is faster and cheaper than any other cryptocurrency.

The conclusion after this summit is that Turkey is still a newcomer to the crypto-space, but they are very determined to jump into the scene and start developing their cryptocurrency market and to evolve blockchain technology as a whole in their country. They are willing to support new companies that operate in the blockchain area, but significant works still need to be done.

Photo by Best Coin Investments

Malta Blockchain Summit 2018

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Malta is one of the world’s smallest and most densely populated countries. It has a population of 475,000 people. Also, Malta has become the worlds central hub for blockchain and cryptocurrencies. Two cryptocurrency exchange giants Binance and OKEx have announced that they are moving their offices to Malta. One of the main reasons why this is happening is because of Malta’s pro-crypto government, and especially Malta’s Prime Minister Joseph Muscat. “These blockchain operating companies don’t care about our taxation system but are coming to Malta, because of our innovative regulatory structure that will certainly be the first, and I also think the best, in the world,” he once said in a political speech in Mqabba. 

8,500 people attend the Malta Blockchain Summit

The main stage

Last week was yet another giant step by Malta towards strengthening their Crypto Capital of the World title. Malta Blockchain Summit 2018 gathered more than 8500 people! People were waiting in long queues at the registration desk. More than 400 companies were exhibiting their products and services. The venue itself was two floored, and the exhibitions were everywhere. Almost half of them were juristic stands, where attendants could find out everything about Malta’s regulations on cryptocurrencies, ICOs, exchanges and crypto companies in general. Binance had a drone which was flying around the place. Cointelegraph, Bitfury, and Blackmoon were among the most popular exhibition stands.

Joseph Muscat, the Prime Minister, was a keynote speaker and emphasized that Malta is indeed an AI innovation hub. He referred to the island as “the island of opportunity,” and talked about the great opportunities that the Distributed Ledger Technology brings to Malta.

Stefano Virgilli and John McAfee, the crypto influencer.

John McAfee, the leading crypto influencer, also was among the attendees and gave a short, but very substantial speech at the end of the conference. He spoke about poverty, wealth, wealth distribution, and the ways life has treated him. “We sit here, drinking, enjoying, and laughing. Wearing fine clothes, while 90% of the world lives in poverty. I know this because I have lived within it, and I have seen it. We live in a world where the “Haves” have everything, and the have-nots have nothing,” he said during his very influential speech.

The year of regulations

The overall feeling at the conference was pretty positive. A lot of crypto-enthusiasts were expecting this year to be the year of security tokens, but it turned out to be the year when crypto gets regulated from inside out. There were ideas that maybe we don’t need security tokens, that may be a more qualitative alternative would be utility tokens. Someone called security tokens an overhyped idea.

A lot of sarcastic talks about ICOs in general. People were expressing ideas that most of the ICOs haven’t yet delivered a working product, nor worked on developing their blockchain. Our friend Stefano Virgilli also did a presentation on the bizarre market of ICOs. He performed in a sarcastic and humorous way, in a result, the whole audience laughed for more than 10 minutes.

Raitis Kaucis and Stefano Virgilli, the CEO of VOX

The positive feeling among the attendants also displayed the overall expectations for the crypto markets for the future. Everyone understands that significant investments are coming to crypto, but at the same time they are aware that the destination for these investments won’t be tokens or altcoins in general. Venture capitalists and new investors want to invest in regulated assets, so they “can sue them.” One venture capitalist said: “I’m going to invest only when I can sue you.”

Sophia – the AI citizen from SigularityNET

Sophia – The AI citizen

Yes, Sophia also was there and yet again showed off its communication skills. We were expecting much more. She (I’m not entirely sure you can refer to a robot as a “She”) answered a lot of basic questions and sounded like basically reading from Wikipedia. We had the impression that any built-in iOS or Android alternative is at the same level of knowledge. It is basically for raising awareness for the SingularityNET project. The conversations consisted of the moderator asking “her” questions like “Tell me something about” this or that, and the robot would answer monotonically. Then he went on asking “How do you know that?”, and the robot answered in a basic way – “Because you programmed it into my start package.” Kind of funny, but at the same time, didn’t show much progression.

The Abstract

Our friend and colleague Raitis Kaucis, the founder of Gagapay, Network.Guru and Dexopay also attended it, so we naturally asked him to share some of his insights from the conference. Raitis visits a lot of cryptocurrency and blockchain conferences almost daily, all around the world. This particular conference by his words was “one of the biggest” he has ever been in. The main topics coming out of the meeting was – you (your company) have to be regulated. The preconditions are to be governed. Otherwise, you no longer can operate in the crypto-ecosystem. Consequently, Raitis told us that his companies – Gagapay, Dexopay, and Network.Guru has handed in all the paperwork and started the process of registering within the legal borders of Malta.

Raitis Kaucis, the founder of Dexopay, Gagapay and Network.Guru

Overall, a huge conference, with many industry professionals coming together, sharing ideas, experiences, meeting new business partners, registering their companies, and in general – making the future of cryptocurrencies.

Source:

https://goo.gl/ofRG53
https://goo.gl/XiaicD
https://goo.gl/TwE1NQ

Photos by Best Coin Investments and Blockchain Malta Summit 2018

Blockchain Life – The biggest crypto-forum in Eastern Europe

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Starting from November 7, Saint-Petersburg welcomes all crypto enthusiasts to their annual two-day crypto-forum. Judging by their success last year, when a month before the conference all the tickets were sold out, and it gathered more than 1700 people. Many expect that this event will be among one of the top in the world this year. More than 5000 attendees, 80 speakers from more than 70 countries from the leading cryptocurrency companies in the industry.

By their words, what sets them aside from the classic conferences, is “the complete absence of promotional reports. All presentations are of a practical nature and are aimed at telling the participant how to make money on cryptocurrencies and blockchain technology,” says in their website.

Speakers

This year Blockchain Life forum has gathered some pretty big names from the crypto industry. One of the top names is the controversial supporter of Bitcoin Cash – Roger Ver. Roger is going to do a presentation over Skype on the future of cryptocurrencies called “How will cryptocurrency change the world?”. Roger always attracts much attention, because he is known to express very aggressive and questionable ideas and facts.

Tone Vays, trader and analyst on cryptocurrencies, also is going to cover a Skype presentation on the inevitable bubble of ICOs. Tone is known to attend the top cryptocurrency events in the world, sharing his ideas and beliefs about crypto, openly speaking about his open positions and his views on the crypto industry as a whole.

In general, the forum will gather a lot of industry professionals and company founders. The most famous being Martin Kuvandzhiev, the Co-Founder of Bitcoin Gold, Klim Geran, the head of NEM in Russia, Edward Chen, the Senior Director of Huobi Exchange, Vyacheslav Bredikhin from Bitmain, and Arthur Aziz, the Founder of B2BX.

Also, three secret speakers are assigned.

The main topics

Blockchain Life 2018 mostly will focus on the topics about creating, managing and the life cycle of ICOs in 2018. There will be multiple discussion panels and individual presentations on the secrets of building a successful ICO in 2018. The speakers will analyze the ICO market, share the top aspects of a perfect pitch and explain how to maintain the project after the ICO stage is over.

Also, a big emphasis is on the future of crypto exchanges. Specifically, Maximilian Marenbach will talk about Kraken, and Edward Chen will speak about Huobi exchange. The forum will gather many representatives from Russia’s leading tech, government, and innovation companies. The leader of the government working group on cryptocurrencies, Elina Sidorenko, during a discussion panel, will talk about cryptocurrency regulations in Russia.

Also, many presentations will be about crypto mining and trading. How to make money during this bear market, and how to look at it positively. 

Blockchain Life Awards 2018

That is the characteristic which sets this event aside. There will be an awards ceremony with multiple nominations. Users who visited the event’s webpage could vote for their favorite Russian media, exchange blockchain project, ICO advisors, ICO agencies and the best advertising networks for crypto projects. The winners will be announced during the event. Interestingly enough, the nomination – “The most promising ICO in 2018” was shut down because of a cyber attack. The voting has finished at the moment.

Go and get your tickets while you can!

The conference is tomorrow, and the tickets are still live.

Overall, judging by the promotional materials, in which they position this event as one of the biggest in the world, the conference is expected to meet the world standards of a successful business event. However, since the majority of speakers are Russian, we hope that there will be no inconvenience with the translation materials.

Looks like a great event where to meet potential business partners and advisors in the crypto industry, and while doing that you can learn something new about the technology and where it is heading. Gathering more than 5000 participants is exceptional. Speakers from more than 70 different countries where you have never been, or even didn’t know that such existed, will give you insights and their positions on crypto. This is a must-attend event if you are operating with ICOs and crypto in general.

Best Coin Investments also is attending this event. We will provide you with a review of what exactly happened, who said what and how did it look. Stay tuned for more information!

Photo by Blockchain Life 2018. 

Best Coin Investments is attending the Malta Blockchain Summit.

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Joseph Muscat, the prime minister of Malta is addressing the visitors saying that Malta is very open to blockchain and cryptocurrencies in general.

Stefano Virgilli and John McAfee

In Malta blockchain summit we finally got the opportunity to meet the crypto warrior John McAfee and Stefano Virgilli, the CEO of VOX. They were super excited to attend the conference.

Also, we ran into our friend and founder of Dexopay and Gagapay – Raitis Kaucis. He shared that this conference is one of the top conferences this year, as Malta has become the capital of crypto and blockchain related companies.

Raitis Kaucis

Jon Matonis, the founder of Bitcoin Foundation, is also here and will present a speech. Possibly he will speak about the development of Bitcoin.

A full review of the conference is coming soon, so stay tuned!

All photos by Best Coin Investments.

“This is not a conference, this is a networking event” – The 20th Riga international business and networking event.

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Last week, during October 19-20, the 20th international business and networking event took place in Riga, Latvia. The theme for this event was Asia – The New Challenges and Opportunities.

Fantastic weather blessed the organizers which rejoiced the attendees on the 3rd floor of Citadele conference hall with the most spectacular view on the Riga harbor, which was next to where the event took place.

The event started as everyone was offered a welcome coffee and snacks so that the networking could kick off. Best Coin Investments also attended it even though looking at the agenda it seemed that it had nothing to do with cryptocurrencies. This event was specifically for business and investment opportunities in Asia. We saw a chance to find out the position on what the entrepreneurs and government officials, who attended the event, had to say about cryptocurrencies and blockchain in general. We wanted to know if the business, investment, and innovation side of the Asian market was aware of the technology. Whether they had researched it, how far the governments are in regulating it, and what they have to say about it in general.

During the morning coffee break we bumped into Raitis Kaucis, the founder of Gagapay and Dexopay platforms. It was delightful to see familiar faces in an event where we didn’t expect it. We immediately asked what were his expectations on the event and basically what brings him here. He replied that his company Gagapay was the general sponsor of the previous event and since both of the platforms are soon to be launched Raitis was looking for new partners. Raitis said that he comes to these events to meet new business partners, friends, and network with people alike. This event was no exception, “especially because this event mainly focuses on business in Asia. And Asia is the main audience for our businesses,” he told us during our short chat and got back to his conversations.

When everyone had finished their morning coffee and snacks, the attendees were greeted in a large conference hall by the event moderator Mr. Glen Grant. Glen shared a few charming words to the organizers Talivaldis Kreislers and Mara Kreislere, saying that he has been a part of almost all the 20 events they’ve had so far and that he is amazed by the ambitiousness and daringness these two organizers have. After Glen’s speech, a demonstration of an Indian dance took place. Indian music, drums, and dances led by Indian representatives lightened up the situation and everyone loosened up a little bit before the tight schedule. Every presenter had 20 minutes reserved for their speech plus questions.

This dance was an introduction to the next speaker – Mr. Jagat Shah. Jagat is the Global Network representative from India, and he shared basic statistics about the Indian market in general. He shared some of the ongoing works that India is working on at the moment and simple ethics on how to behave if doing business in India. For example, an exciting fun fact was that if an Indian business partner invites you to dinner at his home – you must accept it. Otherwise, it is considered rude, and no one will be interested in doing business with you afterward. That is because 70% of the Indian companies are family orientated, and the dinner table is where all the business conversations happen. A few compelling statistics that Mr. Jagat shared: India has 400 million active smartphones while the general population is 500 million, they are adding 100 kilometers of new roads to their transport system, and that India is the fastest growing economy in the world. If you have a business and you are willing to expand to India – this is the right time.

We couldn’t stand still after such groundbreaking information and decided to interview Mr. Jagat about India’s current position on cryptocurrencies. Jagat told that the Central Bank of India had found a very high level 5 member committee that is looking at ways how to legalize cryptocurrencies into the mainstream banking system an in the central financing system of India. He shared that many companies in India are coming out with ICOs which is not yet legal in India, but he added that cryptocurrencies as a whole are working in different aspects of use, for example, there are coffee shops that accept cryptocurrencies as a payment. When asked how the government refers to companies which are willing to operate in the cryptocurrency field, he said: “The Government is neither motivating them nor discouraging.” The Indian government comprehends that cryptocurrencies are a new, different niche and that it needs to be investigated further for legalizing them as a new asset class, and that there is no need to despise them. He expressed that all the governments should come together on discussing cryptocurrencies because they “can be good for doing business,” he continued “governments should come forward, and it will happen because blockchain technology can be used in almost all of the sectors. It is a question of time. And at the same time it’s going to hit all the current financial structures, so in India, the banks are looking on how to become a part of this system.”

The next presentation was about the economic development in Shenzhen, China and how Europe can look up to it as a great investment opportunity. It was led by Mr. Qiang Lan, a member of the Shenzhen Qiqiaoland Group. He shared fascinating statistics about Shenzhen, for example, Shenzhen only exists for 38 years, and it almost looks like Hong Kong. That is because Shenzhen was one of the fastest growing cities in the world during 1990-2000s. They have a very vibrant economy and foreign investments policy. The city is a leading global technology hub and its dubbed that the population is about 20 million people. He shared that Shenzhen is the home of many global companies like Huawei, Tencent, Shenzhen stock exchange and many more. An interesting fact – Huawei CEO holds 1% of the companies shares, while the rest 99% divides between his employees. He touched Chinas leading mobile app WeChat, shared on how companies can operate within it, and approved that it is the leading social networking app in China along with the biggest search engine in China – Baidu. His central theme of the presentation was investment opportunities in Shenzhen, China.

As it is a global leading tech hub, it is open to cryptocurrencies and blockchain technology, and it is the home for a lot of crypto-related companies and exchanges.

Next came Ms. Sri Kumala Chandra, a member of the European – Indonesian Business Network. Ms. Sri Kumala had a similar theme for her presentation – investment and business opportunities in Indonesia and how the country has developed so far. She said that people in Indonesia mostly use smartphones, not laptops and that about 356 million smartphones are being used daily in Indonesia. The country is actively working on their healthcare development as still most of the citizens use traditional medicine and despises modern healthcare opportunities.

She touched some of the country’s developing economic sectors and welcomed everyone to either visit the beautiful place or bring their business to it.

When asked about Indonesia and its relations with cryptocurrencies, first of all, she said that she is not the expert of this issue, but she shared that the government has made many restrictions regards cryptos last year and that a lot of residents look at the asset class as very risky to invest. However, at the same time “there are many companies in the technology field that are currently investing in cryptocurrencies” and looks at the market as it “will be booming and growing again for sure.” When speaking about whether the Indonesian government could be implementing blockchain within their governing instances, she said that “I don’t think so, not for now.” The government “is in a position where our economy today is down compared to Euro. That is the focus of the government, firstly to fix the currency with the Euro and the USD. And since the elections are near, we (the government) are not willing to take any risks regards this subject. The position should be more clear when we have a new president,” she stated in the interview.

Then came two presentations about new investment opportunities in the Republic of Uzbekistan and a story by Andris Lubins on how he conquered the Indian market with his granule company Grandeg from Latvia.

Next, it was time for networking and lunch. The organizers had allocated a full hour and a half so that all the attendees could use this time to talk to each other and make new contacts.

We used this time to talk to one of the general sponsors for this event, a company called Cash Back and its ambassador Andris Jansons. It is a reward system that allows users to benefit from their everyday purchases. We had heard rumors that they are willing to implement cryptocurrencies and that they are working on a project which is a plan on making their cryptocurrency and making it usable in their native platform. We asked Andris whether these rumors were true and how are they planning to do that. How far the whole process is, and when we could expect the new cryptocurrency to appear. He confirmed these rumors and stated that “yes, we will have our crypto coin and it is being developed at the moment,” adding that “it should be available for use in June 2019.” Andris shared that their company already has what others don’t – active customers and a working platform all around the world. They have a total of around 450,000 places in 47 countries where the cash back solution is accepted and that their user base is approximately 10 million. So these are the facts that stand their company aside from others. He said that “we can shake this whole thing in a day because of what we have accomplished until now.” When asked on how the platform could operate when integrating their own cryptocurrency, he said “when we launch our native coin, we will fix its rate, so that it could be usable. Otherwise, it becomes a form of speculation, and we don’t want that. The first 4-5 years the coin will have a fixed price.” The company has partners all around the world with the largest and most successful being the sports industry where they are partnering with MotoGP and Formula 1 events. “Crypto is the future,” he said at the end of the interview “there will be plenty of different coins, and the ecosystem will stay as it is today, we won’t settle for just one.”

The concept of his company is fascinating and customer-minded. This niche – everyday commodities, is the largest business in the world and maybe it could be a significant cornerstone in the future of cryptocurrency acceptance.

When everyone had finished their lunch, which by the way was excellent and in various types for every kind of food lover, the event continued its pace, and the next presenters kicked it off with their presentations.

As the first presenter after the long networking break came Mr. Peter Sachsenmeier from the International Innovation Centre in Germany. Peter shared some of his thoughts on how the digitalization could help in building an economic bridge between the Baltic states and China. He also touched the subject of Industry 4.0, which is the current trend of automation and data exchange in manufacturing technologies, also called the fourth industrial revolution. He expressed his belief that a significant component of the next industrial revolution (Industry 5.0) will be synthetic biology.

Next came two handsome and witty guys – Arturs Boss and Kristaps Strelis, the owners of an investments company called Amber Capital Holdings. Their current collaboration country is Vietnam, so they shared some of the experiences what they had and told the vital basic facts that an entrepreneur should keep in mind when doing business with Vietnamese. They mentioned that the Vietnamese real-estate market is booming at the moment and that it is one of the best and, at the same time, most risky investment opportunities because a lot of the locals are scamming foreign investors. That is why a foreign investor should get some native partnerships before coming to Vietnam.

When asked if they are considering cryptocurrencies as investment opportunities, to which they replied that at the moment they are staying away from this asset class because the market is so volatile. They have considered it, but for now, the real estate market is more appealing to them.

During the next presentation by Mr. Ahmed Salem, he mentioned a few interesting facts about the Asian business market. 60% of the GDP comes from Family Businesses (FB), and that only 4% of FB goes worldwide, that is staying in their country of residence. Further on, he elaborated on the five different stages of the Family Business leader characteristics.

After Ahmed came Antti Veranen, who went in deep on the subject of dividing distinct cultures into three groups – Linear actives; Multi-cyclical and Reactive cultures.

After all the presentations finished, there was a general sponsor goods lottery, where all the attendants were participating. Then the moderator Glen Grant invited everyone to the next forum, which will happen in 22nd of March next year. The main theme for the next event is “The Modern World.”

This event was very well organized, hence the 10-year experience in making such forums. The organizers Talivaldis and Mara strictly insisted that “this is not a conference, this is a networking event.” The overall crypto feel in the event was pretty narrow. Not a single mention of neither the possible world financial system changing phenomenon nor the technology backing it in any of the presentations. Peter Sachsenmeier touched a topic on digitalization and Internet-of-Things, but that is about it. However, it is understandable. This event was strictly explaining to the attendees how the Asian market is looking at the moment, whether it has investment opportunities or not, how to do business in certain countries and how to behave when connecting with your business partners abroad. All this is very useful to the companies that are willing to expand their area of expertise.

When speaking about cryptocurrencies and the information we got out of the contestants – it is looking pretty bright in the sense of acceptance. We were surprised that so many cryptocurrency industry professionals were on the spot. And we found out that the majority of the entrepreneurs, government officials, and other attendants were aware of the technology that blockchain can provide and the fact that cryptocurrencies can change the financial system. We got to know that India has formed a five-member committee on cryptocurrency research and that Indonesia will have a more unobstructed view after their Presidential elections.

We also met a lot of people that work around cryptocurrencies. We met the director of Panda Design, a successful cryptocurrency marketing agency, which soon will be available for crypto companies that are willing to plan their advertising options. We also met an artist, Ilze Preisa, who gets her inspiration through popular global trends, including cryptocurrencies. She auctions her paintings for purchase, including with cryptocurrencies.

Most of the people we talked to, during these days, were fully aware of the crypto phenomenon, about where this technology and revolution might take us, and all as one expressed the need for the industry to be finally regulated so that the businesses can start fully operating. However, when asked about whether they see it as an investment opportunity, pretty much all of them replied negatively, because of the volatility of the market.

We at Best Coin Investments took the most out of this event, and we are super grateful to be given the opportunity to be a Media Partner of this event. We are looking forward to the next event, as the main theme “The Modern World” sounds very intriguing and might definitely bring topics much closer to the cryptocurrency ecosystem.

All photos by SFK.lv and BestCoinIvestments

The International Business Networking Event in Riga!

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Today we are attending a business networking event organized by International Business Networking Consortium, in Riga, Latvia. This is their 20thevent they’re covering, so we are expecting planning at its finest and a thoughtful atmosphere for all the participants. 

The event will consist of high rank representatives and entrepreneurs presenting their speeches, so we are going to do a little breakdown of the agenda.

The opening of the Forum will begin at 11AM when the speaker of the Parliament of the Republic of Latvia will address the attendees with a greeting speech.

Next, Mr. Jagat Shah from India will take the stage and speak about the opportunities of trade and investments with Latvia.

Mr. Qiang Lan, the Shenzhen CEEEC and representative of Qiqiaoland Group from China will speak afterwords with his presentation on the acclaimed China’s fourth industrial revolution and what could the European Union be expecting in terms of economic development.

How to do business with Indonesia will be the theme of the next presentation by Ms. Sri Kumala Chandra, a representative of the EU – Indonesia Business Network.

A presentation from H.E. Mr. Badriddin Abidov, an Ambassador from the Embassy of the Republic of Uzbekistan will take the stage next, speaking about the improvement of the national business and investment environment, and how they could bring new opportunities.

And just before the lunchtime, Mr. Andris Lubins will share his experience in conquering the Indian market. The upsides and downsides and what lessons he had learned from this opportunity.

Since this is a networking event, the time reserved for the actual networking is pretty long – 1,5 hours have been put in-between the presentations so that all the attendees can properly make new contacts and share their ideas.

After the lunch break, the first presentation will be about the bridge from China to Baltics and why businesses should explore smart specialization options through innovation, by Mr. Peter Sachsenmeier who is from the International Innovation Center in Germany and China.

After him, Ms. Lauma Edelmane, from Lenaris Translations, China, will share her ideas on how to do business in China. The ten steps towards success.

Another opportunity to hear a great experience story from Mr. Arturs Boss and Mr. Kristaps Strelis from Amber capital Holdings. They will share the goings with their business in Kazakhstan, and how they are preparing for their upcoming business trip to Vietnam.

Presentation about a family business in the middle east will be covered by Mr. Mohamad Almasri, Ismail Abudawood and Mr. Ahmed Salem from Abudawood Group in Saudi Arabia.

Then Mrs. Monika Kapil Mohta, the Ambassador of India for Sweden and Latvia will address a special speech to all the attendees in the event.

And the last presentation of today will be held by Mr. Antti Veranen, from Advenced Business Management Ltd. from China and Finland. He is going to end the day with an interesting speech about the three cultural groups in the world and how they are divided. He will state that it is easier to read into these groups that commonly thought, so he is going to break these stereotypes.

And with Antti’s speech the presentation panel will be over, and everyone will be invited to the afterparty which will take place on a ship! The ship will be located near the conference, in the river Daugava where all the participants will have a much more private atmosphere for networking, chatting and partying.

On the next day, in a different location – The Big Hall of Riga Technical University – the final event of the conference will take place. It will be a celebration of 150 years of Mahatma Gandhi ji, the Father of Nation of India. The event will be hosted by the Ambassador of India to Sweden and Latvia, Mrs Monika Kapil Mohta and it will consist of a few lectures, cultural programs, B2B events and of course the finest Indian delicatessen.

Let’s attend this event together and experience the best business networking event this year! Just imagine what information you could be learning and what great contacts you could be making, if you were part of this conference?

The 20th International Business Networking event in Riga, Latvia.

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As we all know, business conferences are the key thing in making your business visible to others, making new partnerships and connections to similar business owners and to learn new things about the extensive business environment. 

What this event will offer?

Riga, with the help of IBNC (International Business Networking Consortium), this year, October 19th – 20th, is inviting all the business owners around the world to their 20th business conference to focus on Asian businesses hence, the main theme of the event is called: “Asian Business: The new challenges and opportunities”. 
It is a two-day conference and it will feature a wide range of Asian country officials with speeches about the upcoming stages of their domestic economic environments and how European countries, especially the Baltics, could use it for their benefit. For example, H.E. Mr. Badriddin Abidov Narutdinovich, Ambassador Extraordinary and Plenipotentiary, Embassy of the Republic of Uzbekistan, will speak about the opportunities that the improvement of the national business and investment environment in Uzbekistan can provide. Mr. Peter Sachsenmeier from the International Innovation center in Germany and China will speak about the bridge between the Baltics and China, how the Baltic countries could be improving their fields of operation by exploring smart Specialization through innovation. Also, a few Latvian entrepreneurs will share their experience of doing business in Asian countries, specifically China and Vietnam. 

Why are we attending?

Since Best Coin Investments is a cryptocurrency and blockchain news portal focused on the news for investors and traders, we felt the need to cover this event, because it will include very essential topics in the business and investment environment. Ambassadors and Investment coordinators, innovation leaders and large company shareholders will get together and speak about the opportunities and innovations in the investment world. Since cryptocurrencies today are becoming very popular, the markets are stabilizing, and many countries will soon develop legit plans on how to regulate them worldwide, we expect that cryptocurrencies and blockchain could be taken into consideration as a new form of investment or at least – innovation. Many countries today are considering the blockchain use for governmental institutions and a lot of entrepreneurs are getting into the blockchain craze, building their companies and products on blockchain, discovering new horizons and areas where this technology could be implemented for evolvement. 

Considering the fact that this is the 20th conference that the IBNC is organizing, we couldn’t stay still and wanted to ask a few questions about their motivation on doing such events and their take on cryptocurrencies and whether they could be mentioned in the conference to one of the organizers Talivaldis Kreislers:

B: What motivates you to organize these conferences and how long have you been doing this?

T: As the explanatory dictionary defines – a conference is a gathering or meeting in which representatives of different professions, public servants, scientists, etc. discuss and resolve certain issues.
We do not do conferences. The only connection with the expression “conference” is just the fact that the major events of the IBC are held at the Citadele Conference Center.
We organize international business contact forums – business events involving 300 participants from 30 countries: company executives and owners, business development, marketing, export promotion and sales managers, investors and their representatives, industry experts, leading ministries, European and national Parliamentarians, heads of local governments and deputies, ambassadors from many countries and high-ranking diplomats and intellectuals.
The significance of the forum is valuable business experiences, new business ideas, and new international business contacts as well as investors.
IBC forums are useful for business development, promotion of export and sales in general. Through business contacts made in our forums, hundreds of companies have found new customers, business partners, and investors.
The IBC forum is held twice a year, and on October 19th, the 20th International Business Contact Forum will be held in Riga, dedicated to the new business challenges and opportunities of Asia.
In the above survey, you can see how many different business development opportunities are provided by the IBC forums. This is the reason why they are so popular and well visited. In addition, the IBC forums are cohesive, friendly and, to some extent, educational and entertaining events.
The time spent on the forum is valuable and also very enjoyable. IFF forums are The forums of opportunity. We receive a great deal of positive feedback, including members of national governments, embassies, and mayors.
All this makes us very satisfied and motivated for more than 10 years to go on with even greater enthusiasm, fervor, and self-efficacy, involving more and more new countries all over the world.

B: How do you look at the current crypto-revolution? Do you support this technology?

T: Nothing stands still in this world, everything evolves or revolves around the evolution of civilization. We only support what is needed in the world for its humanity and progress, and also for peace.
According to Oliver Bramwell, Chairman of the Norvik Bank Board, we are currently on the verge of a change where a centralized payment management model (cash flow, control, etc.) transforms into a decentralized relationship type model implemented by the society itself. With the needs and expectations of a man in the center, and the technological opportunities surrounding him.

B: Will the forum mention cryptocurrencies or blockchains, given that Japan’s economic development and the Singapore business environment will be discussed?

T: Yes, for certain, we will ask the presenters to touch upon this issue and briefly tell the participants about the development trends and forecasts in their respective countries. 
It is crucial for the business world to find out first hand and from the initial sources all the new possibilities for business efficiency. It’s very likely that we will even have a special presentation for this topic in the October forum. We are always open for cooperation with members of the cryptocurrency and blocking worlds.

B: What has been the response of previous events about cryptocurrency and blockchain, given that one of your main sponsors is the emerging cryptocurrency payment platform, Gagapay.com?

T: We are very pleased with this partnership and appreciate a lot the work of the team in Gagapay. Many members of the IBC Forum have preliminarily evaluated the benefits of new technologies. It is well known that they provide very efficient and inexpensive financial transactions, simplify user identification, prompt distribution of the database to other participants, track inventory, reduce cyber-attacks, reduce manual processing and paperwork, reduce risk of “internal” fraud, corruption and mitigation, as well as ease of access for the people involved and simplify control of their data. They tell us: “It is unbelievable. This is our future”.

B: Can we expect a cryptocurrency conference hosted by you in Riga in near future?

T: Yes, if we manage to attract appropriate supporters or a major advertiser, we would be happy to arrange a “cryptorium” in spring 2019 in Riga, with trade representatives from 50 countries. The issue will be resolved this summer.

Conclusion

Talivaldis emphasized the fact that this is not a conference, but a specific networking event. It is great to hear such good feedback and open-mindedness on cryptocurrencies and blockchain technology as a whole from a very experienced entrepreneur with many connections around the world, and a man who has organized these events throughout the years. 
An interesting fact is that this networking event will mostly consist of Parliamentarians, heads of local governments and deputies, ambassadors from many countries and high-ranking diplomats and intellectuals so there will be a lot of useful information and contacts to be made. 
The event itself will be opened by the Speaker of the Parliament of the Republic of Latvia, making it a high-class event which will gather important officials from the entire world to share their ideas. 
We at Best Coin Investments can’t wait for the opportunity to cover this event, bring a full visual recap and make new connections. We will be sharing the main happenings on Twitter, and do a video about how it all happened. Stay tuned for this event as it might reveal some innovations that we at the crypto ecosystem have been waiting for. 

For more information go to www.sfk.lvStarptautiskais Forumu Konsorcijs – SFK.