Crypto Currencies Investment Congress Dubai
Time8:00 AM to 8:00 PM
LocationJW Marriott Marquis, Dubai, UAE
Dubai, UAE - 25 September 2018: Members from Young Arab Leaders (YAL), nonprofit organization, participated in the International Crypto Currencies Investment Congress (ICCIC). Members had the valuable opportunity to engage with leading pioneers in digital currencies & assets world.
The exclusive, private, closed-door, congress was held at JW Marriott Marquis, Dubai, from the 24th to 25th September 2018.
"Blockchain is one of the five key technologies that define the fourth industrial revolution. We have seen digital assets grow its own ecosystem built on Blockchain but now gradually integrating other emerging technologies,” said Mr. Jay Srage, YAL Member. "ICCIC discussions and hosted networking sessions provide exceptional opportunities for members to connect with ICO leaders and deep-dive into digital currencies and assets."
ICCIC successfully attracted 25 speakers & more than 100 investors in initial coin offerings (ICOs) & institutional investors from across MENA, Europe, North America & South East Asia.
Over the past two days, the congress served as a platform for networking, strategic debate, knowledge share & investment opportunities. It featured two keynote sessions, eight interactive presentations, five panel discussions, eighteen face-to-face meetings and networking events.
The congress addressed industry outlook and mining, investing & trading in blockchain, including bitcoin, Ethereum, cryptocurrency & token economies. It also covered legal regulations, sharia complaint, security, threats & digital currencies accelerators in the Middle East region.
“SMEs play a pivotal role in the adoption of digital assets by building differentiated technology and community-based platforms. And by collaborating with large cap companies who provide the validation and diligence, and potentially investments, they will give scale, and a deep network of ecosystem that is necessary to accelerate the growth and adoption of those digital assets." He added.
Mr. Srage was invited to be our guest and speaker for the ICCIC. He delivered a presentation on accelerating the adoption of cryptocracies by blue chip global companies. He encouraged SME leaders to engage in deeper vetting and mainstream diligence of their platforms in order to gain traction in an industry dominated by few large cap players.
UAE positioned blockchain at its core in both the government and non-government sectors. In 2017, token sales raised up to $4 billion and the first quarter of 2018, token sales seen tremendous raise nearly $6 billion.
By the end of 2017, UAE interest in cryptocurrencies saw growth & evolved erratically and at unprecedented speed. This year, Dubai Multi Commodities Centre (DMCC) obtained first Middle East cryptocurrency license which allowed investors to preform cryptocurrencies trade. In addition, Dubai is the first city in the world where real estate could be bought, rented and sold in digital currencies.