The Kingdom of Saudi Arabia is prominently present at this year’s UNLOCK Blockchain Forum
November 26th 2018, Dubai:
The UNLOCK Company DMCC, a platform that provides information, intelligence, insights and news pertaining to the Blockchain sector, is holding its second series of the UNLOCK Blockchain Forum in Dubai UAE on Jan 15-16 2019 at the Ritz Carlton Hotel, DIFC.
Walid Abou Zaki, Founder & CEO of UNLOCK, stated, “ We launched our first UNLOCK Forum in Dubai in January of 2018 and it was a great success with over 550 attendees, 60 blockchain startups from more than 35 countries and more than 58 high level speakers from the region and globally. As supporters of blockchain ecosystem, we have launched not only the UNLOCK media platform but also are providing services to help propel and build networks and relationships between all stakeholders in the blockchain arena.” He adds, “We are proud to be holding our second series of UNLOCK Blockchain Forum in the UAE, as more and more blockchain use cases emerge across the governmental and private sector in the MENA region. We believe that despite the bear market conditions in the crypto space, there will be a lot of startups who are confident enough to forge forward with their solutions and offerings. We also believe that institutional and private family investment offices would benefit by tapping into blockchain market and invest as little as 5% from the $300 billion worth of budget from GCC investment firms, family offices, and pension funds.”
UNLOCK Blockchain Forum will discuss the following topics such as Security Token offerings, the future of exchanges, the advent of scalable and interoperable Blockchains, how governments are utilizing blockchain, institutional investment, utilizing blockchain for trade , supply chains and business as well as blockchain in healthcare sector and tokenization of economies. In addition, the second day will discuss Blockchain and AI in Smart Cities, Blockchain and GDPR compliance, Blockchain and Digital identity, Blockchain in payments and finance as well as the state of Blockchain in energy sector and the role that telecom operators will have as blockchain as service providers.
Lara Abdul Malak, Editor in Chief of UNLOCK, stated, “We have invited an array of high level speakers from around the GCC and MENA region as well as expert speakers from across the globe. This year we are highlighting the Blockchain initiatives in countries such as the Kingdom of Saudi Arabia.” UNLOCK Speakers from KSA include Mr. Mohsen Al Zahrani, Vice President of Strategy and Excellence, Saudi Pay, a subsidiary of SAMA (Saudi Arabian Monetary Authority), Dr. Hesham Bin Abbas, Senior Consultant and Head of Blockchain Initiative at the KSA Ministry of Communications and Information Technology, Dr. Abdulraham Al Olayan, Chief Executive Officer of Taibah Valley which recently opened the first Blockchain lab in KSA, as well as other prominent speakers from UAE including Mrs. Amna Al Owais, Chief Executive Officer Registrar DIFC and CEO Dispute Resolution Authority, Dr. Ramadan AlBlooshi, CEO of Dubai Healthcare City Authority – Regulation (DHCR), and international speakers that include David Siegel Chief Executive Officer of Pillar Project & 20/30, Bart Brands President of European Blockchain Foundation, Dr. Yannis Kalfoglou, AI and Blockchain Advisor to top tier multinational companies and many more. AbdulMalak adds, “We are in final talks with other speakers from the UAE, Kingdom of Saudi Arabia, as well as Bahrain, Kuwait. We want this UNLOCK to showcase the blockchain achievements across the GCC as well as globally.”
UNLOCK has also signed up Avanza Innovations, an Avanza Group Company as well as Swisscom Blockchain as sponsors and will be adding more in the weeks to come. Abou Zaki states, “We are always proud to sign up sponsors who are working to build the blockchain ecosystem and who believe in the MENA region as a center for not only implementation of blockchain but also the development. We are inviting as well all blockchain startups in the region and globally to participate at this year’s UNLOCK”
UNLOCK has also signed more than 30 media partnerships with top leading media players, and will continue to develop these partnerships further. For more information on the UNLOCK Blockchain Forum, please visit www.unlock-bc.com/events/unlock/2019
UNLOCK Blockchain is a service offered by The UNLOCK Company DMCC. It is a platform that provides information, intelligence, insights and news pertaining to the Blockchain sector. We are one of the cornerstones in the evolution of the Blockchain ecosystem in the MENA region and globally. We encourage Blockchain’s disruptive innovation through our support of startups, investors, developers, and clients. Our main offerings include:
- A media platform for the dissemination of information, news, insights, reports on the state of Blockchain in the MENA region and globally
- UNLOCK Blockchain Forum, which is an anchor event in Dubai for Blockchain enthusiasts to network, exchange knowledge, and showcase developments
- Strategic Marketing, Public Relations and Communications services for Blockchain companies interested or currently present in the region
- Community Building to help connect developers, users, investors and advisors through various social media networks
- Advisory Services which include the organization of roadshows to introduce ICOs to potential investors and clients in an effort to facilitate adoption
- Blockchain Proliferation by encouraging businesses, governments and individuals to adopt Blockchain technology in an effective, efficient, and optimal manner
Stellar Chosen by Wevest for Security Token Offering Platform
Wevest announced their decision to utilize Stellar as a platform for issuing digital securities. This announcement was made after what was called an ‘extensive diligence and testing’ phase, determining which of the industry’s various offerings best suited the companies goals.
With wevest catering towards SMEs, this decision was made, as it will lower the barriers of entry for attaining capital. Stellar provides the wevest STO platform with a scalable solution, which is diverse enough in its functionality to allow for the integration of compliance measures as well. This includes KYC, AML, and more.
In their press release, representatives from, both, wevest digital and Stellar, took the time to comment on the development discussed her today. The following is what each had to say on the matter.
“Stellar was an obvious choice — it combines simplicity, speed, cost efficiency and met all our requirements. We are glad to join the Stellar ecosystem along with several other European companies, contributing to the adoption of blockchain-based products and providing SMEs with easy and efficient access to equity financing through electronic securities.”
“We’re thrilled for wevest to become the latest German fintech to join the Stellar ecosystem…wevest’s investment platform takes advantage of what the Stellar network does best — facilitating the efficient transfer and exchange of value — and we look forward to the upcoming launch of their platform.”
Wevest is a German company that was founded in 2018. Wevest specializes in offering a variety of banking services to small and medium sized enterprises (SMEs). These range from corporate finance to wealth management, and now the facilitation of security tokens offerings.
Operations are overseen by Managing Director, Jens Siebert.
Stellar is one of the world’s leading blockchains. Firmly entrenched in the top ten assets (per CoinMarketCap at time of writing), Stellar is a fast, versatile solution. This popular blockchain allows for the use of smart contracts, cheap fees, and high speeds; A perfect trio of attributes for a company like wevest.
Stellar has seen major adoption over the past year, by various major companies. One case of note, is IBM – a partnership seemingly headed towards great things.
In Other News
Stellar is only the latest in a line of blockchains seeing adoption by the digital securities sector. While most platforms utilize Ethereum for their smart contract needs, we have seen the usage of others like Ravencoin, TRON, and others. Here are a few articles which relate to a few of these blockchains in use.
Vtoken Exchange Celebrates SEC Filing in Time Square
The largest decentralized exchange in the world, Vtoken, obtained its SEC filing from the United States Treasury Department this week. The firm took to the world-famous NASDAQ billboard in Time Square to celebrate the move. This is the second time the company graced this iconic attraction seen by millions. Also, the move symbolizes further blockchain integration into traditional securities markets.
Speaking on these developments, Vtoken’s Chief Advisor to the Asia Pacific Region explained how his firm plans to cultivate a robust blockchain ecosystem. He took moment to discuss recent global developments in the security token space. Specifically, he touched on how both Chinese and American markets experienced a huge surge in blockchain-based firms.
The Vtoken combines the regulatory protections found in the traditional securities markets with the efficiency of a blockchain -based system. The company offers transfer agents flexible solutions to many of the current issues plaguing the securities markets.
For example, traditional securities can take three days for trades to complete. This delay leaves investors in a less than optimal position. In contrast, Vtoken’s blockchain-based system can complete trades in a matter of hours. Consequently, the platform enables a more nimble trading experience.
Real World Experience
Vtoken is a unique hybrid of technology, compliance, experience, and professional customer service. The firm handles a wide range of clients but specializes in Regulation A transactions. To date, Vtoken’s clients include NASDAQ, NYSE, OTC-listed firms, IPO-issuers, and private investors.
Vtoken’s strategy is unique in that the firm created a complete blockchain ecosystem. Here, investors can get all the information they need to host a compliant STO. The company offers a full range of solutions for both enterprise and private investors. These services include pre and post token issuance and management, smart contract programming, and ownership protection.
The latter feature is unique to V-token. This functionality allows investors to restore lost or stolen tokens, an option not usually available in the blockchain space. More importantly, Vtoken is now in a very exclusive class of decentralized exchanges registered with the SEC.
Vtoken shares many of its core developers with Ripple. Additionally, Vtoken utilizes graphene underlying technology. The token has a trading gateway that is similar to Stellar Lumens. This enables the platform to maintain optimal transaction speeds. Currently, Vtoken can process transactions faster than the third-generation crypto EOS.
Last month, Vtoken made headlines after forming a strategic partnership with blockchain payment platform PayDex. The PayDex platform functions on Vtoken’s public blockchain. The system provides global crypto settlement with support for BTC, ETH, VToken, USDT, VRT, YEC, EOS, LTC, and VUST. PayDex seeks to bring crypto payments to the masses through a simplistic mobile interface.
Vtoken’s all-inclusive approach to the market is crucial to its overall strategy. V-Token provides users with everything they need to become a player in the security token market. You can expect to see this firm continue to make headlines s the platform expands in the coming months.
AlphaPoint and Elevated Returns to Develop Secondary Market
‘Making Illiquid Assets Liquid’ – That is the guiding sentiment behind AlphaPoint, a young company which utilizes blockchain to facilitate tokenization.
This idea is one step closer to becoming a reality, as AlphaPoint has just announced a partnership with Elevated Returns – A forward thinking company which specializes in real-estate.
In this announcement, the pair has indicated that they will be developing a secondary market for trading digital securities backed by real-estate. It is through secondary markets that traditionally illiquid assets, such as real-estate, will become easily tradable – all the while opening up fractionalized ownership, and opportunity for exposure to retail investors.
Elevated Returns will focus these efforts on Asian markets, following their expansion into the region roughly one month ago. At the time, the company acquired a large share in a Thai broker-dealer – a move allowing for them to commence operations through previously attained licensure.
“Elevated Returns prides itself on our reputation as a pioneer in the digital securities space. To that effect, we have a policy to partner with the best in class companies across industry verticals; AlphaPoint’s technology solutions for unlocking digital asset liquidity are unparalleled. Having already demonstrated the capability to integrate with the token standard that we are developing on the Tezos blockchain, AlphaPoint was the clear choice to facilitate the adoption of our tokenized real estate initiatives.”
AlphaPoint is a United States based company that was founded in 2013. With their sights set on ‘making illiquid assets liquid’, AlphaPoint has successfully serviced global customer through their various service offerings.
Since opening their doors, AlphaPoint has seen their diligent work towards growth land them customers in 5 continents, to date.
Company operations are overseen by CEO, Salil Donde.
Elevated Returns is a United States based company, which specializes in investments surrounding real-estate. Recognizing the potential of digital securities, Elevated Returns operates with a goal of acquiring assets viable for tokenization.
One such example was the noteworthy tokenization of the St. Regis Resort; A high-end ski resort that successfully sold digital securities representing ownership within the resort, becoming one of the first to do so.
Company operations are overseen by President, Stephane De Baets.
In Other News
We have detailed developments pertaining to both AlphaPoint and Elevated Returns in the past few months. Check out the following articles to learn a bit more about what each of these companies has been up to in this time.
- Stellar Chosen by Wevest for Security Token Offering Platform April 21, 2019
- Vtoken Exchange Celebrates SEC Filing in Time Square April 20, 2019
- AlphaPoint and Elevated Returns to Develop Secondary Market April 19, 2019
- Due Diligence Process Delays tZERO Investment April 18, 2019
- Brian Collins, CEO at Horizon Globex – Interview Series April 18, 2019