World Blockchain Summit to enter Malaysia

The Kuala Lumpur edition of Trescon’s World Blockchain Summit will mark the global series’ entry into the Malaysian marketplace. The summit will take place on the 27th-28th of February 2019, at the Intercontinental Hotel.

World Blockchain Summit is an internationally renowned series that has hosted over 15,000 delegates in over ten countries across the world. With a special focus on hosting elites from regional governments and enterprises alike.

Malaysia is one of the newest countries on the blockchain map, as the country pushed for the active legislation of blockchain based service providers. Furthermore, after initially distancing itself from cryptocurrencies, the Malaysian government is now looking to classify CryptoTokens and other digital currencies as tokenised assets. The Finance Ministry has also announced it hopes to completely regulate cryptocurrencies by Q1 of the 2019 fiscal year.

Hence, the World Blockchain Summit is arriving in Kuala Lumpur at the most opportune moment as the local blockchain industry is moving towards the wide-scale adoption of ledger based services. The summit will gather over 500 technology developers, startups, entrepreneurs and solution providers at the venue to share knowledge, implementation techniques and adoption practices for blockchain solutions into diverse industries and sectors.

Regulatory body MIGHT (Malaysian Industry-Government Group for High Technology) is helping institutions and government bodies adopt blockchain services rapidly. The Ministry of Education has also set up a degree verification system via a distributed ledger. the President and CEO of MIGHT, Datuk Dr Mohd Yusoff Sulaiman, will be delivering a keynote address at the World Blockchain Summit in Kuala Lumpur.

Mohammed Saleem, CEO of  Trescon, said that “Malaysia is now the centre of global news after the Government, whom first opposed blockchain and cryptocurrency services, did a full 360 and is now looking to regulate them within the country. Industries like education, tourism, healthcare and public services can benefit from the transparency and incorruptible features a distributed ledger provides”.

The event will also have startups and ICOs present at the exhibition venue, displaying their services and products to a hoard of investors, seeking the required assistance and support needed for growth.

Some other notable industry personalities and leaders attending the event include Rene Bernard, Presie=dent of ACCESS-Malaysia; Kohei Kurihara, President of the Tokyo Chapter- Government Blockchain Association; and Samson Lee, Founder and CEO of CoinStreet.