Malaysia and the shift away from the mainstream
The Sylo team travels to ASEAN Decentralized 2.0 to give their take on the incoming DApp takeover.

Discovery was the name of the game in our recent trip to the ASEAN event in Kuala Lumpur, Malaysia.
Having spent a bit of time in Japan and Korea and Western markets the last few months, we were interested to see the climate and stage of maturity within the region’s blockchain community.
What did we find? Well, let’s put it like this — if Toronto, the home of Ethereum, was hot, then Kuala Lumpur is solidly warm and rising.

Listening in at the event, we found discussion around real solutions that go beyond theory and simply managing currency and tokens, to be a real highlight. Much of the talk centred around the stages of regulation and market acceptance to this technology (at government levels) across a number of regions, as well as separating out blockchain from cryptocurrencies and ICOs.
An interesting comment that remains in mind was the mention of 100 million KYC verified individuals within India, which will be a significant opportunity once the market opens up. The strong presence from the Indian blockchain community at the event, something we hadn’t seen at the other conferences we’ve attended this year, only further attests to this.
The separation of blockchain from the other factors (such as crypto and ICO) was also good to see, in terms of how this core technology can provide benefits without necessarily needing to be linked to the other aspects in order to start building value and solutions.

Building value and solutions for real users right now and increasingly into the future is both our focus and was the core subject of the Sylo keynote at this conference.
If 2017 was the year of hype, 2018 was the year of the reality check, and 2019 will be about introducing real DApps to market that people can consider using as alternatives to the mainstream.
How we see it now is that the industry has core technologies sitting in pieces, but those pieces need to come together to provide a unified experience.
Until we’re putting that in a user’s hand, it’s not realistic to expect mass migration from centralised platforms.

One thing we do know is that collaboration between decentralised projects is what it’s going to take for growth, and this event provided confirmation that applications like us are leading the way.
Sylo are currently working with over a dozen companies covering sectors including real estate, transportation, smart city, merchant point of sale solutions, event ticketing, wearables, and more.
We’re always looking to onboard new partners and developers looking for ways to bring their solutions to market, and for new ways to enhance the Sylo ecosystem.
If there’s anything we’ve learned in Malaysia, it’s that we’re still dead serious about the decentralised takeover. Returning from the event, our focus is now on our upcoming token generating event. Keep an eye on our Telegram channel, we’ll be announcing the date very soon!

