Blockchain and distributed ledgers are considered by many to be primitive technologies that are still in their early stages. But, contrary to this archaic perception, mass adoption of the technologies is well within view. Industry leaders from various verticals such as finance, retail, health care, supply chain management, education, insurance, real estate and many more have begun implementing blockchain into their products and services in one way or another. Self-sustaining, energy-efficient, eco-friendly smart cities that leverage the blockchain are being envisioned. In spite of this, blockchain remains to be unknown territory to a vast majority, whose apprehensions are fueled by skeptics and naysayers. 

Bloconomic Expo – The Purpose

To combat the enigma surrounding blockchain, proponents of the technology organize events to create awareness on the benefits of adopting the technology, provide a platform for sharing insights among attendees, and allow entrepreneurs to propose their innovations. The Bloconomic Expo is one such attempt by Alphacap and the Malaysian Blockchain Association to facilitate the large-scale adoption of blockchain; to bring invaluable cognitive and intellectual resources into South-East Asia; to discuss the possibilities of potential use-cases that can transform or be a solution to the stagnant, unreliable and redundant conventional practices; and to lay the foundations for the technology’s mainstream use in the future by creating a network of blockchain developers, researchers and entrepreneurs.

The 2019 Edition of the Event

The yearly event brings together blockchain businesses, blockchain thought leaders, influential speakers, educationalists, economists, investors, venture capitalists, crypto enthusiasts, government delegates, lawmakers and regulators of various jurisdictions from across the globe. 

Specifically, Bloconomic aims to discuss the application of blockchain in fields such as finance, healthcare, travel, energy trading, supply chain management, digital identity authentication, electronic record authentication, E-KYC, government governance, and IoT. The 2019 edition of the event, held on the 15th and 16th of August at LeMeridian Putrajaya, saw a huge turnout. Keynotes were delivered by VIPs and speakers from various organizations involved in panel discussions. Some of the topics of discussion were blockchain in the economy, social impact, regulatory compliance, safety and privacy matters, finance and banking, etc.

Awards and Recognitions

The Expo recognizes the efforts taken by the organizations to bring about constructive changes to the current scenario and awards them under categories such as best blockchain technology developer, best finance disruptor, best blockchain innovation, and best crypto community, etc. 

‘The Best Crypto Community Award’ was received by Mr. Afanddy Bin Hushni, Chairman of Beldex International, and was honored by Mr. Dato’ Rayson Wong, President of Malaysia Blockchain Association in the presence of Mr. Datuk Seri Mohd Redzuan Md Yusof, Minister of Entrepreneur Development, Malaysia.

Beldex provides the crypto community with a privacy-centric platform. CEO. Mr. Liew Kang Loon states that “The community drives home our vision of developing a privacy centered ecosystem and proactively promulgates our cause. They have been and will continue to be the focal point of our operations.” Further adding that Beldex serves in its community’s best interests, he said that he expects their continued support.