Due to COVID-19 and travel restrictions, the conference was hosted as a virtual event and not in Johannesburg, South Africa.
Crypto is truly a rising tide that lifts all boats, no one who doesn’t want to, needs to be left behind. And Bybit aims to be the sail for those who wish to brave the open sea.
TDB, one of Africa’s most innovative banks, continues to lead from the front through adoption of cutting edge technology such as blockchain and via digitization of paper heavy trade finance processes. Through a partnership with #dltledgers, one of the world’s fastest growing trade finance platforms, in 2019 TDB became the first African DFI to complete a live end-to-end trade finance transaction on blockchain. TDB has continued to scale-up its digital trade execution capabilities, thereby delivering faster, lower cost service to its customers while maintaining security and transparency. This session will provide a practical use case of how TDB and #dltledgers have streamlined the execution of hundreds of millions of dollars worth of cross-border trade, the lessons learned and vision for 2021 and beyond.
The privacy promised by encryption is over. Legislated government access has defeated the purpose of encryption. The next frontier is decentralisation, and it’s leading to a brighter future for internet privacy.
This will be a pre-recorded talk.
Since the invention of Bitcoin, there have been lots of conversations on the possibilities of this new technology - crypto will, crypto can, crypto should… This led to the rise of ICOs, IEO, STO, DeFi, Hardforks amidst several innovations. However, it is my opinion that this technology is now matured enough to handle real-world challenges beyond the reach of traditional financial systems. We are at a deciding moment where we must either achieve adoption or bust. In line with the theme of this conference - FROM HYPE TO MAINSTREAM, what does mainstream adoption of cryptocurrency require?
Moderator: Tony Obiajuru. Ethereum, a popular open-source, public, blockchain-based distributed ledger popular for its smart contract functionality and the world’s second largest cryptocurrency, recently underwent a major upgrade. What are the implications, benefits and the future of Ethereum? Who are the competitors? What are some of the most interesting DeFi use-cases and initiatives on the Ethereum network?
Moderator: Farzam Ehsani. According to a survey by Statista and the 2020 Chainalysis Geography Report, Africa is booming in terms of crypto adoption, especially in Nigeria, South Africa and Kenya. Issues such as the high cost of remittances, fiat currency devaluation and economic instability, has caused many to turn to local cryptocurrency exchanges. Is cryptocurrency a more stable value store for people in Africa? What is the future of crypto adoption in Africa?
Hosted by Peter McCormack
The Master of Ceremonies will close off Day 1 of the conference.
Cryptocurrency and its underlying technology, blockchain, have the power to change lives, to generate prosperity, empower people in remote and underserved communities, and unlock the global digital economy for the nearly 1.7 billion people who are currently unbanked. But how many cryptocurrencies have actually concerned themselves with going beyond being anything more than just a speculative tool? How many cryptocurrencies have focused on creating ways for people to earn crypto and then enable various ways for them to use their crypto in their daily lives? Cryptocurrency can effectively help billions of people in a world that has demonstrated that it can change practically overnight. Crypto has the power to provide people and their communities a path to greater prosperity. Doing so can spark mainstream adoption, although not before adopting regulations for their protection. Regulations help build trust and that, in turn, is arguably the key element that will appeal to traditional businesses that are currently crypto-skeptics.
David will discuss the importance and value that comes from digital education on the African continent. He will also discuss his experience building this content and how BitcoinKE has grown to serve over 100, 000 Africa-focused entrepreneurs and businesses.
Africa's agricultural productivity is very low, averaging 300 to 500 kg/ha as compared to 2.5 tons/ha in the United States, for example. To what extent do centralised supply chains create, contribute or worsen this situation? Lower access to data, or community cohesion is isolating African small scale farmers, elbowing them out of the main-frames of production streams of crop producing ecosystems. These and more, is what Pretty will unpack in this talk of how blockchain, a seemingly sophisticated technology, is well positioned to be used for day to day operations by these farmers, whose priorities are to run sustainable farms, as they use it to their advantage.
This will be a pre-recorded talk.
Moderated by Kaj Burchardi. What is DeFi? What are the opportunities for institutions in adopting DeFi? What is the level of institutional interest in DeFi? What are the risks of DeFi adoption by institutions? While Ethereum is not the only platform to offer DeFi, it does have 80% of the market. What are some of the real competitors to Ethereum for DeFi applications? How do we connect traditional finance markets with the decentralized finance and digital asset markets? Can we expect further centralised solutions such as Tether in the DeFi market or are we about to see a new decentralised internet currency which will act as a stablecoin? Regulation remains a crucial bridge between the unregulated crypto world and the regulated financial market: will mass adoption of DeFi by institutions only occur if regulated payment networks with digital/tokenised cash enter the DeFi ecosystem?
This Masterclass is being hosted in partnership with The Global Policy House, hosted by Michelle Chivunga who will provide her keynote address on Digital Assets / Central Bank Digital Currency – Catalyst for AfCFTA. This will follow with global perspectives on the progress and design considerations of CBDC from global experts and surprise guest. Registration for this is essential, Register here.
Oriol will analyze what opportunities the Digital Yuan will offer to Mainland China and how the digital yuan will imply the start of a new era of payments worldwide, since many other countries are speeding up their tests to try to deploy its own CBDCs as well, therefore starting a New Era of Payments in the world.
In 2020 we finally saw some of the nearly decade-long blockchain hype fulfilled and the legitimate building blocks of a next-generation banking system emerge. Open finance, and specifically open lending, has exploded to well over $10 billion this year. This growth has catalyzed a new source of funding for market participants ranging from individuals to corporates to hedge funds. It has also created a new source of liquid “digital yield” for investors, corporates and savers starving for an alternative to the perpetual 0% offered in legacy systems. In 2020, the entire digital asset market took a meaningful step forward in maturity. As part of this ongoing evolution, institutional grade financial infrastructure needs to be developed. In 2020, through an influx of capital and talent, open lending stepped up its game and grew from a fringe use case to a burgeoning engine powering the next phase of the digital economy.
Moderated by Muthoni Njogu. What is the regulatory stance on crypto assets in the US, Europe, UK and Africa? What are the implications of the Securities Exchange Commissions (SEC) lawsuit with Ripple, on other cryptocurrencies? How are regulators clamping down on crypto exchanges that do not have proper KYC and AML policies in place? How does the Financial Action Task Force's (FATF's) "travel rule” impact crypto related businesses? What are the challenges and what are the focus areas for regulated entities? Will compliance with regulations become a key differentiator with competitors or will users not care and go for what is faster, cheaper and where liquidity is available?
Moderated by Ciaran Ryan. As digital currencies are gaining momentum globally, central banks are intensifying their research and efforts on blockchain technology and issuance of Central Bank Digital Currencies (CBDCs). What are the economic and institutional motivation for CBDC development and implementation? What impact will CBDCs have in a country?
The Master of Ceremonies will close off the conference with a few final thoughts.
Keynote Address: Digital Assets and Central Bank Digital Currency - Catalyst for the African Continental Free Trade Area (AfCFTA)
Bitcoin Events, in partnership with the Global Policy House, brings you an exciting new high-level dialogue on Central Bank Digital Currencies (CBDCs) with Michelle Chivunga N as the host. Register here.