Blockshow in Singapore November 29–30
Hello everyone, I attended Blockshow in Singapore in the last two days. If you don’t know it yet, Blockshow is one of the biggest crypto conference in Asia organized by Cointelegraph. This time the event drew more than 1500 participants in a two days full of events and included some of the well-known figures such as Brock Pierce from Blockchain Capital; Patrick Dai, founder and CEO of Qtum; Jamie Burke, investor of Outlier Venture; Simon Dixon from BacktotheFuture; EOS; Waves; etc.
What’s surprising me most about the event is the level of interest from the newcomers to the scene in various industries such as gaming, media, lending, payment. Everyone wants to understand and take advantage of the emerging trend to issue cryptographic tokens to raise fund or/and to build communities. There are also a few big and established companies with a hundred of millions of yearly revenues in the room looking to do the same thing. Interests are definitely building in the “tokenized economy”.
One of the biggest issue that I see for the industry is that the current crop of blockchains, even the most often used, Ethereum, can support token issuances for fundraising but they won’t be able to support the integration of the said tokens into any significant mainstream application and ecosystem with current high transaction fees and slow confirmation time (5–10$ per token transaction and 20 second confirmation for Ethereum). Consequently each token issuer follows up with its own internal token implementation which is less secure, transparent and costly.
We had the same problem when building Tomo application and design Tomochain to solve this. When I talked about Tomochain with other prospective token issuers, the engagement and interest level is very high. So the demand is there to collaborate and build a better blockchain infrastructure for token issuances. Our team is working hard on this innovative solution and I will talk more about Tomochain in the upcoming trip to San Francisco. BTW, Tomochain is a part of Tomo network and you can participate in our upcoming Tomocoin token sale https://www.tomocoin.io/ to own a part of the network. Thanks for reading. — Long
