For two days at the Parliament Palace there is the first edition of the Romania Blockhain Summit.
The conference dedicated to innovative technologies in the South Eastern Europe region brings together the public sector, policymakers, developers, researchers, local and European entrepreneurs and innovators.
The first day of the event included presentations by the Minister of Communications and Information Society (MCSI), co-founder Ethereum and Livio Weng, CEO of Huobi Global.
Advanced technologies, essential for Romania’s future
Minister Alexandru Petrescu opened the event, stressing the importance of advanced technologies for the future of Romania:
“The time has come to launch a broad debate on our vision of the future on the capabilities of blockchain technology to impact our existence. It is important to look at its potential to change the way we work in various areas and to remove barriers in digital collaboration. My commitment and the ministry I lead is to help and encourage the adoption of new technologies. In 2018, Romania became a member of the European Blockchain Forum and thus marked a step towards adopting and legitimizing new technologies. It is important that this effort to promote advanced technologies is operationalized through sectoral policies that allow the adoption and consolidation of these technological options. “
Blockchain for e-governance
Mihai Alisie, co-founder of Ethereum, explained that blockchain means more than cryptomonades. It is a technology that has the potential to revolutionize public administration and support the e-government revolution. In his speech, he gave examples of how countries such as Switzerland, Estonia and Sweden used this technology to improve their administrative processes.
For example, the Swiss city of Zug, host “Crypto Valley”, offers the option to create digital identity based on the blockchain for the inhabitants.
Estonia offers not only eID (electronic identity management system), but also blockchain systems for managing medical information and e-Residency (digital transnational identity). Starting in 2015, over 27,000 people from 143 countries applied for e-residence. Also, since December 2017, 4272 companies have been set up in a digital system without physical documentation.
Sweden uses blockchain technology to manage property titles.
Criptomones, the money of the future
Livio Weng, Huobi Global CEO, has raised the popularity of cryptomonas worldwide.
The interest shown by the public shows that people want more flexibility when it comes to money. It can already be seen that institutional investors have also noticed the potential of cryptomonas. An example of this is the Bakkt platform dedicated to this category of investors that ICE plans to launch.
Crypto exchanges are growing rapidly, and the crypto project has resumed its momentum. The proper blockchain industry by introducing new concepts, such as blockchain interoperability and scaling technologies such as sharding. New financial models, such as Proof-of-Stake, IEOs and stable cryptomonas, also show explosive developments.
The second day of the conference will be dedicated to the blockchain community in Romania.