SINGAPORE, 2 August 2022 /PRNewswire/ — Singapore Blockchain Week (SGBCW) 2022 concluded with a fireside chat with Hestor Peirce, SEC Commissioner. Peirce suggested that responsible regulation involved clear rules and consistent enforcement and promoted responsible innovation. Robust international regulatory cooperation within digital assets is an important part of building and maintaining an effective regulatory framework. The aim is to tackle bad actors, while well-intentioned innovators can focus on delivering on the product’s promise and purpose.
The five-day event attracted 8,542 participants from 68 countries and over 700 organizations, including 36 exhibitors and 156 speakers. The week-long series of events included a web3 hackathon co-organized between Blockchain Association Singapore, Morpheus Labs and Huawei Cloud; SGBCW 2022 Summit, the main focus which attracted 5440 participants; two master classes; two Innovation Lab Showcases and a career fair organized jointly by BAS, Banking and Financial Services Unit, NTUC; e2i, and the Global Financial Institute and other fringe events for BAS Corporate and Individual Members.
MR Chia Hock Laicommented co-chairman of BAS during his opening speech at the SGBCW 2022 Summit at web3 the industry will recover strongly from the crypto winter, driven by big brands doing web3 and large investments raised to invest in web3 projects. That said, the industry should focus on responsible innovation and avoid past mistakes of excessive speculation, leverage and unsustainable business models, in order to gain the trust and confidence of regulators and policy makers.
On the success of SGBCW2022, Chia said: “This is the second time we are running Singapore Blockchain Week since 2020, although it was a first physical summit for this year. We did these in strong support of Singapore’s vision as a premier Blockchain Hub. We are encouraged by the enthusiasm of the participants, sponsors and speakers who actively participated in the various events throughout the week. I hope Singapore Blockchain Week will continue to be a strong platform that brings together global regulators, innovators, thought leaders and communities to discuss important issues on web3 and to drive the nascent industry to more sustainable and responsible growth going forward.”
In addition, S$120,000 was also raised during the Blockchain for Good Gala Dinner graced by the guest of honour, Mr. Desmond Tan, Cabinet Minister, Prime Minister’s Office and NTUC Deputy Secretary. The Blockchain For Good campaign is a joint initiative between BAS and the NTUC-U Care Fund which aims to support where the proceeds will go to support the charity’s various aid programmes.
The comments on SGBW2022 from our delegates, speakers, exhibitors and sponsors have been most encouraging.
“The conference week was lively, smooth and informative. BAS has done a great job of bringing people together. It was worth it for me to fly in from Crypto Valley Switzerland!” expressed by Zenya KwanNFT research and development specialist, Casper association and Veritic.
A keynote speaker on the topic of trends in the Metaverse, Ms Grace Chngeditorial director and strategic advisor of Deeptechtime.com concluded, “I think it’s an excellent opportunity for the community to come forward to share because the industry is moving so quickly. It’s really encouraging to see the comments on social media highlighting that they have found SGBCW 2022 valuable for developing new contacts and networks and connecting with new friends I am looking forward to BAS organization next SGBCW!”
Philip LiuPartner of Asia that Atlas said: “Atlas, along with sister companies IDEG and Fundamental Labs, are proud to have partnered with BAS on this flagship regional blockchain event. We were happy to have met many great contributors to the ecosystem. We hope more will join us on the journey to build a sustainable Web3 future as a result of this fruitful event.”
KC Reddy. Founder and Chief Architect of Rubix Blockchain shared his thoughts on the event. “A fantastic fusion of Web 3.0 architects, thought leaders, regulators and users made SGBCW2022 one of the best places to experience and resonate with the latest trends in the Blockchain world. Rubix Network is proud to be affiliated with the Blockchain Association of Singapore and contribute to greater growth of the Web 3.0 global industry as a whole. Proud to serve the Web 3.0 World from Asia.”
About Blockchain Association Singapore
Blockchain Association Singapore (BAS) seeks to empower its members and community to leverage blockchain and scalable technologies for business growth and transformation.
The association is designed to be an effective platform for members to engage with multiple stakeholders – both regional and international – to find solutions and promote best practice in a collaborative, open and transparent manner. It aims to promote blockchain knowledge and build a strong talent pipeline for the digital economy Singapore.
For more information, please visit:
About Singapore Blockchain Week
SINGAPORE BLOCKCHAIN WEEK is a flagship event organized by the Blockchain Association with the aim of building a clear picture of digital evolution and development Singapore as a premier Blockchain hub that:
- Contributes strongly to the brand Singapore as the best place to find a Blockchain company
- Brings together global regulators, technology and business
- Develops an agenda that emphasizes Singapore’s centrality of Blockchain & Finance i Asia
- Facilitator for networking at a high level
- Attracts delegates from Blockchain organizations worldwide
For more information, please visit: https://blockchainweek.com.sg
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