December 3, 2018 at 7:38
3 Dec 2018 to 14: 18 & nbspUTC
The 2018 Wire Summit was an event to remember for all those associated with blockchain, especially in India. The summit has seen many famous personalities and scholars of the blockchain community emerge and talk about ideas and potential blockchain as a viable technology.
The event was honored by the renowned ICO consultants Giacomo Arcaro, Giovanni Casagrande, who spoke about the influence of networking and ICO consultants for new market players and the importance of a decentralized network for the future.
J.A.Chowdhury, the special chief secretary and IT consultant of Prime Minister of Andhra Pradesh, spoke about the government's role in bringing the blockchain into the mainstream. It also explains how the Andhra government is starting the blockchain revolution in India through various blockchain projects and initiatives.
The event also saw young and dynamic investors angellisti Utsav Somani and MohakAgarwall talking about the investment in cash in the blockchain. They talked about how people should not just focus on the money associated with the industry and try to understand it and implement it properly.
The Indian crusaders of blockchain and think tanks have included Anshul Dhir, Ankit Gaur and Opinder preet Singh. The topic of discussion was the role of the Indian government in regulating the blockchain. The group of experts was quick to point out that the problem concerns cryptocurrencies and not the blockchain itself. They also cited the example as a classic case of misunderstanding where most of the population can not distinguish between blockchain technology and cryptocurrencies as a by-product of technology.
Tim Draper talks about Bitcoin and Blockchain
Tim Draper, the American venture capitalist, could not mark his presence in person, but his support for the event and the enthusiasm was clearly visible through the video message he sent. Tim Draper as a venture capitalist has the talent to smell the power of a new idea for years to come. He was among the first to put his money on bitcoins and collect the wealth later.
On his passionate and exciting video message, he talks about his initial days, when he was thinking of a virtual world and how this could be made possible. When the bitcoin got to know the world in 2010, he was rather fascinated.
Tim says that bitcoin was all he'd ever thought of, a decentralized registry system that's years ahead of traditional ways. The most intriguing thing that attracted him to the bitcoin was when MTGOX (where people initially used to store their bitcoins) disappeared with people's money once they had imploded, and Tim thought, this is it, this will be the end . However, the news has only entered the value of 15%. This is when he saw the potential that probably nobody else did at the time.
Tim has bought all the bitcoins put up for sale by the government that have confiscated from the Silk Road underground market.
Tim also talks about how the distributed ledger system can be implicit in many areas of the present. The health sector in particular would be greatly benefited as the monopoly on the prices of medicines and hospitals is held by only a few top pharmaceutical companies. Tim has finished his message with
"We will begin to see this incredible sea of change, the world has just opened in. In the virtual world, geographical boundaries have become non-existent and I am excited to see this transformation of society."