The second and final day of Token2049 is a wrap! Today was packed with discussions around the future of Web3, the power of tokenization, and the role of stablecoins in the financial system. With numerous panels and networking sessions, here are the highlights from day two:
A key theme today was the growing potential of tokenization to transform asset ownership. From real estate to commodities, speakers discussed how blockchain technology can enable the tokenization of real-world assets, making them more liquid and accessible. By creating digital representations of physical assets, tokenization is not only democratizing investment opportunities but also improving the efficiency and transparency of asset transfers.
Stablecoins, and their relationship with Central Bank Digital Currencies (CBDCs), sparked lively debate. The discussion centered on how stablecoins serve as a bridge between traditional financial systems and digital assets, offering liquidity and stability. Meanwhile, panelists explored the global race for CBDCs, with nations such as China and Singapore leading the charge. The consensus was clear: both stablecoins and CBDCs will play critical roles in the future financial ecosystem, though there are still challenges regarding regulation and interoperability to address.
As Web3 continues to evolve, privacy and data security were identified as critical issues. Panelists explored how privacy-preserving technologies, such as zero-knowledge proofs and multiparty computation (MPC), can help secure user data in decentralized systems. As users demand more control over their data, blockchain solutions that balance transparency with privacy are expected to be at the forefront of Web3’s development.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain, offered his take on the day’s events:
“Tokenization and privacy-preserving technologies are opening new doors for Web3. Today’s discussions have made it clear that we are only scratching the surface of what is possible in decentralized finance and digital assets.”
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We kicked off the first day in Singapore during Token2049. It is an honor to be a gold sponsor of the 2024 edition and discuss the advancement of the Web3 space during this eventful week. With a full schedule of panels and keynote sessions, here is a recap of today’s major themes:
One of the recurring topics is the institutional interest in blockchain and digital assets. Speakers from major financial institutions emphasized the increasing recognition of blockchain as a tool for improving operational efficiency, transparency, and compliance. The discussions touched on the integration of blockchain into traditional finance systems and the regulatory frameworks emerging across Europe and Asia, especially with Europe’s MiCA and Singapore’s regulatory advancements leading the charge.
DeFi was a major focus today as speakers explored how decentralized financial protocols are revolutionizing traditional banking services. With discussions around liquidity provision, decentralized exchanges, and lending protocols, panelists highlighted the potential of DeFi to enhance financial inclusion while lowering transaction costs. Security and governance within DeFi ecosystems also took center stage, with new solutions being proposed to ensure the stability of these systems as they scale.
During one of the panel sessions hosted by Partisia Blockchain on Level 3, it was discussed that “structured products are the next big thing for DeFi integration, DeFi use work with DeFi if it is going to go mainstream”.
Web3 and its promise to reshape the internet are prominent today. Participants discussed the decentralized internet’s potential to return control of data and assets to users, moving away from the current centralized model. The conversation highlighted how Web3 infrastructure must evolve, addressing challenges related to scalability, interoperability, and user experience before it can achieve mainstream adoption.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain Foundation, reflected on today’s sessions: “We are on the brink of a new era in digital assets and blockchain. The conversations today have shown how institutions and innovators are working together to create a more transparent, decentralized financial system.”
We look forward to sharing tomorrow’s highlights with you.
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August was filled with exciting developments and reflections for Partisia Blockchain. In this recap, we share our upcoming participation as a Gold Sponsor at Token2049 in Singapore, where we will lead discussions on DeFi and Real World Assets (RWA) and the value they bring to the future of our industry. We also highlight the launch of our first mobile wallet, Koala Wallet, which now supports our MPC token across multiple platforms. Additionally, we are now members of the ERC3643 Association, positioning ourselves at the forefront of the RWA tokenization standard setting. We also reflect on key insights from our team members, including Peter Frandsen’s thoughts on data privacy and Bruce Ahn’s perspective on growing the Web3 pie. Dive into the full update to learn more.
We are excited to announce that the Partisia Blockchain Foundation is a Gold Sponsor at Token2049 in Singapore, held at the iconic Marina Bay Sands. Join our team alongside our exceptional partners as we showcase our leadership in DeFi and RWA with thought-provoking speeches, trendsetting panels and interactive booths. On 18–19 September 2024, do not miss our exclusive reDeFining RWA event, where we will explore the future of RWA, DeFi, and multiparty Computation (MPC). No Token2049 ticket is needed to join our event on level 3 in Marina Bay Sands. You can register for Day 1 (18 September) and Day 2 (19 September) here. Stay tuned on our socials to check out the partners we will be bringing along with us. See you there!
Our first mobile wallet, Koala Wallet, developed by Eucalyptus Labs, now supports our MPC token across iOS, Android and browser extensions. The next step is to integrate this wallet into various applications, with browser integration and upcoming DeFi applications set to roll out next month. For detailed instructions on how to add MPC tokens, be sure to check out this link.
Partisia Blockchain Foundation is now a contributing member of the ERC3643 Association. As part of this group, we will actively shape the future of this standard. We believe RWA is key to expanding the Web3 ecosystem, and our role in the Association cements our credibility as a key player in this space. During our AMA with Luc Falempin, Director at the ERC3643 Association, the team touched upon the various critical components of RWA, going beyond simple tokenization and the role Partisia Blockchain will play in helping to push the standard forward. You can watch the AMA here.
Last month of the summer saw an increase in publicity with Partisia Blockchain being mentioned in a number of media outlets. A few highlights include a Crypto News op-ed about bringing transparency into the fundraising process and measuring a direct impact of charities. The piece further highlights our joint efforts with the likes of the Elton John AIDS Foundation and Health Innovation Exchange to trace the impact of donations through the Partisia Blockchain-powered Vorne platform. Partisia Blockchain also made it to CoinMarketCap’s list of Top Staking Rankings. CryptoNews and NewsBTC highlighted our integration with Koala Wallet. Shirly, Mathias and Bruce Bruce were on various X Spaces to engage with the wider audience on a variety of topics, including products, AirDrops, DEX progression, our launch of the mobile wallet and other topics. Listen to both AMAs here and here.
In early August, our Chief of Growth, Shirly Valge, had an insightful engagement at BlockStart in Glasgow on 1–2 August. She took the stage to engage in panels discussing the challenges of managing global Web3 regulations and the transformative potential of tokenization in democratizing access to real-world assets. It was an inspiring event filled with valuable discussions on the future of Web3 and blockchain innovation.
In August, our Co-Founder, Peter Frandsen, shared his thoughts on a pressing issue: how to share confidential data between organizations while maintaining privacy. In his blog, Peter explores how MPC technology is transforming data collaboration, ensuring security without compromising privacy. Dive into his insights on the future of data-driven decision-making here.
Mathias Glintborg, our Head of Product, explores how Partisia Blockchain is enhancing Self-Sovereign Identity (SSI) by integrating secure multiparty computation (MPC) and blockchain technology. He discusses how MPC addresses key challenges, such as private data activation, secure storage and privacy in SSI, offering a more complete solution than current models. This innovative approach not only improves data privacy and verification, but also opens up opportunities for compliant data analytics and private AI. SSI builders can leverage this cutting-edge technology, with support and grants available from Partisia Blockchain to help launch the next generation of digital identity solutions. Bruce Ahn also reflected on his recent meetings and conferences. In his opinion piece, Bruce discusses the urgent need to expand the Web3 ecosystem by introducing real-world use cases and engaging new users. His reflections offer his insights into how the boundaries of blockchain technology can be pushed. Explore Bruce’s thoughts here.
We are excited to announce that in September 2024, we will distribute our next set of staking rewards—the largest to date! Over 3 million $MPC tokens will be distributed. Make sure to stake your tokens now to participate in this upcoming reward period and maximize your returns.
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