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.