Top Insights from BlockShow Asia 2019: Blockchain's Evolution and Future

Missed BlockShow Asia? Here’s What Happened!

If you didn’t make it to BlockShow Asia 2019 held on November 14-15 in Singapore, fear not! Cointelegraph has rounded up the key highlights from the event that brought together the brightest minds in the blockchain universe.

CZ and China’s Digital Currency Vision

One of the stars of the show was Changpeng Zhao, better known as CZ, CEO of Binance. He offered his thoughts on China’s forthcoming digital currency, predicting it will leverage blockchain technology to increase the international influence of the Renminbi. He boldly stated:

“The Chinese government wants to push RMB’s influence globally… they really need to push this currency to have more freedom.”

Blockchain: Beyond Bitcoin

During a riveting panel discussion titled “Collaboration in a Decentralized Ecosystem”, experts discussed how blockchain is more than just the backbone of Bitcoin. Vinay Mohan from ConsenSys underscored the potential of blockchain:

Intermediate technology enhancing ecosystem connectivity
A new form of governance

This wasn’t just blockchain poetry; it was the nuts and bolts of what could shape the digital economy.

Decentralization: A Double-Edged Sword

When it comes to scalability versus decentralization, it seems like it’s always going to be a tug-of-war. Xinxi Wang from Litecoin Foundation took a firm stance, emphasizing the importance of maintaining decentralization and security:

“At Litecoin, we always choose decentralization over scalability.”

Institutional Interest in Crypto: A Love-Hate Relationship

On institutions’ embrace of Bitcoin, Dr. Pavel Kravchenko argued that acceptance might strip away the very censorship-resistant nature that makes Bitcoin invaluable. So is institutional adoption a risky endeavor? Only time will tell!

Innovations in Blockchain and AI

Amid discussions on the intersection of blockchain and AI, Ben Goertzel of SingularityNet wowed the crowd with insights into their potential synergies. His key takeaway? Blockchain and AI are like peanut butter and jelly—together they can create something truly spectacular!

Startup Showdown: Crypto Busters Competition

The event also featured a startup competition where eight companies showcased their brilliance. While the judges had their favorites, keep an eye out for the ones that caught the most heat, including: