More than 200 people attended the talks and workshops that were held simultaneously with more than 40 speakers which explained the virtues of cryptocurrencies, market challenges and business use cases, in the second edition of Blockchain Summit UY.
The event aims to promote blockchains, cryptocurrencies and be the meeting point of the community. We also call on the government and the Central Bank of Uruguay to provide their position regarding this revolutionary technology and thus be able to discuss favorable regulation.
Ignacio Varece, CEO of Blockbear and organizer of the event.
Uruguay has the potential to become a Blockchain hub
This was what Germán Tugores COO of Blockbear affirmed, who together with Marcelo Montoro, from the Consulting Group, commented that they worked more than six months to summon the participants. Germán explained in an interview for CriptoNews that the software represents the third largest export in the country, and thanks to free zones they are exempt from taxes to boost the IT sector, which represents a great opportunity for the blockchains-based custom software products industry, digital payments and cryptocurrencies.
The event showed remarkable growth in the developer community as there were rooms filled in workshops and programming workshops with technology from Ethereum, Wibson, Iota, Aeternity, IBM platform, Tokenizate and Omnia Blockbear that focused on network scaling and implementation of specific solutions, such as the case of Bim Trazer IA, for the construction industry.
Bitcoin and the crypto community
The Bitcoin community also grew and was considered by Rodolfo Andragnes de la Ong. Bitcoin Argentina to carry out the LaBitconf event in November, which is one of the oldest and most recognized events in the region.
The organizers and assistants explained that it is not yet easy to acquire cryptocurrencies in the country, although there is a cryptocurrency exchange house that offers the main cryptocurrencies through a strategic alliance with Bittrex, the transition from fiat currency to cryptoactive has a lot of friction and That is why a large part of the exchange volume occurs by WhatsApp and Telegram groups.
Public and allowed blockchains for companies in Uruguay
The business and financial sector had a notable presence and in our interviews, attendees stressed that they took the opportunity to do networking and new businesses thanks to the presence of experts in regulation and various technologies.
We decided to participate in the event and put our operational base in Uruguay because we consider it to be the friendliest country to carry out an expansion process of our scalable smart contracts platform, we will also invest and enclose Latin American projects that use our blockchain.
Pablo Coirolo, Board Menber Aeternity.
In the event they tried issues such as supply chain traceability on Ethereum, Hyperledger Fabric, Nem, RSK and IoT integration in wine tokenization in the Costa Flores project. The exhibitors stressed that there is little to pass these pilot tests to production because the blockchains dedicated to the area have matured enough to support the transactional demand of the possible actors interested in participating.
Financial implementations in the banking sector such as Finargy by Blockbear, R3 corda and Grant Thorton taught progress and growth in the sector.
We always participate in this event because it brings together the actors that can grow the sector and in particular that of the software industry since our Catapult solutions engine focuses on companies and corporations looking for scalable solutions and with the ability to integrate with other networks Blockchain
Sasha Ivanova, busines developer at Fundación Nem and CEO of Sharp Shark.
The government also presented the areas in which they are working, Maximiliano Maneiro, manager of emerging technologies for
Agency of Electronic Government and Information and Knowledge Society (AGESIC), stressed that they do not work with cryptocurrencies, that corresponds to the Central Bank but if they have a very critical view regarding adopting a very changing technology and the focus is not in training, but in finding out who is the best provider of services based on blockchains.
CriptoNoticias will dedicate an article exclusively to the presentation of the president of the Central Bank of Uruguay.
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