{"id":374,"date":"2024-09-27T15:46:52","date_gmt":"2024-09-27T15:46:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=374"},"modified":"2024-09-27T15:46:52","modified_gmt":"2024-09-27T15:46:52","slug":"european-blockchain-convention-2024-industry-experts-discuss-whats-next-for-crypto-adoption-blockchain-tech-and-web3","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=374","title":{"rendered":"European Blockchain Convention 2024: Industry Experts Discuss What\u2019s Next For Crypto Adoption, Blockchain Tech And Web3"},"content":{"rendered":"
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The European Blockchain Convention (EBC)<\/a> took over Barcelona for its 10th edition. The two-day event featured a line-up of speakers that fostered exciting dialogues between the industry experts.<\/p>\n

The Catalan capital saw some of the crypto industry\u2019s brightest minds discuss digital assets, Decentralized Finance (DeFi), tokenization, Web3, and sustainability, exploring the industry\u2019s future amid the growing adoption and evolving regulatory framework worldwide.<\/p>\n

Day 1: \u201cCrypto Adoption Can\u2019t Be Forced\u201d<\/h2>\n

On September 25, EBC10 kickstarted its \u201cbiggest edition yet\u201d with Daniel Salmeron and Victoria Gago, two of EBC\u2019s founders, discussing why the world needs crypto. The day was followed by a debate between Alireza Siadat (Annerton), Yael Ossowski (Consumer Choice Center), and Vugar Adigozalov (Bidget).<\/p>\n

The panelists discussed the slow adoption<\/a> of the industry and the importance of user experience (UX) and self-custody, as Ossowski emphasized. He highlighted the need for \u201cproducts that people can use every day,\u201d which was countered by Adigozalov, who noted the challenges of privacy in a transparent ecosystem.<\/p>\n

\"crypto,<\/p>\n

During the \u2018Will Crypto Payments Be THE Killer Use Case?\u2019 panel, the experts noted that people in developing nations are \u201cmore willing\u201d to \u201ctolerate bad\u201d UX to benefit from DeFi, emphasizing the \u201ctransformative power\u201d of stablecoins in countries like Nigeria, where traditional finance (TradFi) lacks trust.<\/p>\n

Zoltan Vardai (Cointelegraph EU) and Eric Demuth (Bitpanda) took the stage together to underscore the necessity of regulatory clarity for the industry\u2019s long-term growth. Demuth also spoke about adoption, explaining that it can\u2019t be forced. However, he argued that \u201cwhen crypto becomes more efficient and cheaper, people will naturally switch.\u201d<\/p>\n

Day 2: Blockchain, A \u201cGame-Changer\u201d For Sustainability<\/h2>\n

On September 26, the agenda was packed with dialogues between the panelists. A crucial conversation, led by Laurent Marochini (Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Securities Services), took place between Martijn Siebrand (ABN AMRO BANK N.V.) and Emilie Allaert (Luxembourg Blockchain Lab).<\/p>\n

The panelists discussed Blockchain\u2019s role in combating greenwashing, with Allaert highlighting the \u201cgame-changing benefits\u201d of Distributed Ledger Technology (DLT) to prevent it. \u201cWith blockchain, you can verify if companies are truly following through on their sustainability claims,\u201d she asserted.<\/p>\n

Notably, the discussion tackled some misconceptions about Blockchain technology\u2019s energy consumption. Allaert pointed out that the new technology has evolved to use 50 times less energy than before and noted that Artificial intelligence (AI) energy consumption is largely unchallenged.<\/p>\n

Web 3 gaming and its future were discussed by Nirav Bakshi (Blockchain Founders Fund), Sebastian Borget (The Sandbox), Bay Backner (Decentraland), and Pablo Monti (BingX) in an engaging panel. Borget noted how players earn their first NFTs and experiment with blockchain through gaming, as blockchain games<\/a> become a gateway to Web3.<\/p>\n

He highlighted the industry\u2019s shift toward empowering the creator economy, which offers a \u201cfresh approach\u201d from the challenges of traditional web2 gaming. Meanwhile, Monti underscored the sector\u2019s maturity, moving from the \u201cplay-to-earn fever\u201d to a service that \u201csupports the broader gaming industry,\u201d surpassing DeFi in daily wallet use.<\/p>\n

Other panels discussed digital assets regulation in the UK, Europe, and the US. Lisa Cameron (House of Commons) passionately called for global regulatory<\/a> collaboration in Web 3, remarking on the need for tailored solutions across all jurisdictions. Cameron also urged regulators to consult and engage with younger generations, highlighting the importance of shaping a beneficial future for the next generation.<\/p>\n

Infrastructure and collaboration were also touched on EBC10\u2019s second day. The discussion, led by Yves-Michel Leporcher (Renault), highlighted the \u201clong-standing challenges\u201d of each blockchain operating independently.<\/p>\n

\n

\u201cThere\u2019s a digital generation, and we must ensure no one is left behind\u201d \u2013 Lisa Cameron (House of Commons)<\/p>\n<\/blockquote>\n

\n

\u201cInstitutions are still catching up\u2014ETFs have unlocked the door, but the best is yet to come\u201d<\/em> \u2013 Elliot Johnson (Evolve ETFs).<\/p>\n<\/blockquote>\n

\"blockchain,<\/p>\n

Bitcoinist Chats with a Gemini Top Executive on the Future of the Industry in the Old Continent<\/p>\n

During the event, our team at Bitcoinist talked with Gillian Lynch, CEO of the crypto exchange Gemini for Ireland and Europe, about the upcoming MiCA regulation and its potential consequences for the industry and retail consumers.<\/p>\n

During the conversation, Lynch highlighted the increase in adoption, claiming that the number of crypto holders in the region has increased from 1 in 10 to 1 in every 5 individuals over the last decade.<\/p>\n

This rate could hike further with MiCA, the upcoming package of regulations set to be implemented by 2025 to oversee the nascent industry. Upon its implementation, crypto exchanges like Gemini, Lynch argued, and its users will finally have clarity.<\/p>\n

The new regime of regulations could make the European region the new hub for digital assets as the US failed to provide certainty to its crypto sector. Furthermore, Lynch told us that the region and crypto actors like Gemini will benefit from increased investments as MiCA materializes.<\/p>\n

The bigger challenge for Gemini and others will reside in educating its users on MiCA and the new regulatory regime, Lynch told us:<\/p>\n

\n

I think the challenge for the industry is to take regulation and educate people as to why it\u2019s important (\u2026) so that customers will know the difference between a regulated and a non-regulated company or exchange and make an informed choice then based on that. (\u2026) I think we have a challenge to really educate.<\/p>\n<\/blockquote>\n

Lynch said that to win the educational fight, crypto exchanges should rely on many tools, including social media and in-house educational programs such as Gemini\u2019s CryptoPedia.<\/p>\n

The next year will be decisive for the European crypto industry as MiCA enters the sector. Its consequences and future consequences, along with the progress of Web3, blockchain, and crypto, will be discussed during the European Blockchain Convention and its already-announced eleventh edition.<\/p>\n

\n

And that\u2019s a wrap on #EBC10<\/a>! \"\ud83c\udf89\"<\/p>\n

What an incredible two days of innovation, networking, and groundbreaking ideas. From powerful keynotes to exciting panels and epic hackathon projects, we\u2019ve seen the future of blockchain take shape right before our eyes.<\/p>\n

A huge thank you to\u2026 pic.twitter.com\/OkoGKuwxSu<\/a><\/p>\n

\u2014 European Blockchain Convention (@EBlockchainCon) September 26, 2024<\/a>\u00a0<\/p>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The European Blockchain Convention (EBC) took over Barcelona for its 10th edition. The two-day event featured a line-up of speakers that fostered exciting dialogues between the industry experts. The Catalan capital saw some of the crypto industry\u2019s brightest minds discuss digital assets, Decentralized Finance (DeFi), tokenization, Web3, and sustainability, exploring the industry\u2019s future amid the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-374","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=374"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/374\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}