FiCAS at World Blockchain STO Summit 2019
A group of FiCAS team headed to Dubai to attend the largest and the most specialized Security Token Offering (STO) summit in the world which was held on 29-30 April 2019 in Dubai, UAE. Learn more about STOs opportunity and World Blockchain STO Summit below.
Blockchain Revolutionary Technology Overview
Blockchain, the base of Bitcoin, has received widespread attention lately. The blockchain serves as an immutable ledger which allows transactions to take place in a decentralized way. Blockchain-based applications are springing up, covering numerous fields including financial services, reputation system, and the Internet of Things (IoT), and so on. However, there are still many challenges of blockchain technology such as scalability and security obstacles waiting to be defeated.
Actually, an ICO is just a promise! This is an entirely blindfolded trust. On the other hand, there are some severe challenges in the regulation process of an ICO, since they are fiat and not backed by anything. Also, they have a massive potential of money laundering, and at the top, there is a significant potential for bubble creation in ICOs which could affect the whole Economy!
Security Token Offering (STO) is a clever combination of ICO and IPO, by taking advantage of both of these markets’ benefits; STOs could be a revolution in both industries. The primary and most critical difference between these two is that STOs are NOT fiat! Despite ICOs, STOs are more than a promise. They are backed by the tangible assets of the company, whether it’s their machinery, property and real state, profits or revenue, etc. You can be sure that there is something REAL there, which means that there is a tiny chance of bubble creation in this method compared to the very high potential for bubbles in ICOs!
About The World Blockchain STO Summit
Bringing together the greatest world-class Blockchain Technology pioneers, STO experts, providers of solutions which will resonate with everyone that attend in order to allow them to explore first-hand the many potentials of security token offerings through the uses of blockchain technology. At the summit, particular focus was given to understanding what “STOs” and other alternative investment instruments are and how they can leverage to generate value and profit. Moreover, there was also a strong focus on educating organizations on the value that blockchain & STO can bring to the table.
A few well-known people, the billionaire investor Tim Draper, the former finance minister of Malta & former member of European commission John Dalli and CEO of Digitalization Prof. Samir El-Masri were in the list of main speakers of the summit.