One month after the official foundation, Amazing Blocks attended the renowned European Blockchain Convention. At one of the most influential conferences in blockchain, panel discussions regarding the hottest topics in blockchain were attended and informative insights gained. Further, the range of diverse attendees from traditional sectors and the blockchain space provided perfect conditions to network. This was supported by the smooth AI powered networking software Brella. Consequently, it was possible to obtain a clear picture of the current state of the market. — Author: Nicolas Weber
Amazing Blocks at the EBC
“As a creator of art, I believe that legally compliant tokenization can finally enable artists to be in full control over their product. The token management software by Amazing Blocks provides unique tools for digital legal entities that could be for instance one of my animation movies.” Quotes like this by Toonxr founder Özgül Gurbuz followed us throughout the whole conference. Legally compliant tokenization can finally enable artists to be in full control over their work without having to adhere to costly intermediaries. It made us proud to see interest and potential use cases emerging from all the different spheres of business, not solely the world of blockchain. At the convention, Amazing Blocks met with entrepreneurs from a heterogenous spectrum of countries and sectors and various synergies were found. They stemmed from meetings with for instance asset custodians, established financial institutions, blockchain startups and Entrepreneurs from various traditional industries such as real estate, consulting and energy.
However, the most surprising potential synergies were discovered when talking to Pretty Kubyane. She is the founder and COO of Coronet Blockchain — a startup from South Africa which runs on IBM’s blockchain solution. Coronet securely tracks human hair pieces from source to customer, a market that racks up more than 100 million human hair extensions sold every year. Even here diversely applicable tokenization finds its use case. She issued the following quote for this article: “The European Blockchain Convention was a great blessing as a platform that provided global best practice insights, within an ecosystem of like-minded blockchain enthusiasts, experts, thought leaders and trail blazers in their own right, seeking to co-create the new reality, a world leveraging blockchain capabilities, together.”
Diverse attendance meets AI
The conference was attended by over 1500 pioneers and more than 100 world-class speakers provided in-depth knowledge. exceptional lineup of blockchain industry leaders from companies and associations such as: Dash, Cointelegraph, Crypto Valley, Libra and many more. On par with the household names of the blockchain space are the leaders from other sectors that attended: American Express, the European Union, Commerzbank, Santander, Carrefour, IKEA and many more. Therefore, the EBC perfectly merged politicians, industry leaders with tech entrepreneurs and enthusiasts to build a platform aimed to foster mainstream adoption for blockchain. A few speakers are illustrated in Figure 1 below. Ultimately, real world use cases are rapidly approaching due to increased interest from the traditional sectors. Many who attended last year’s conference backed this statement and mentioned that now even a more diverse spectrum of attendees had been experienced.
The whole event was conducted virtually through AI-powered networking software Brella. The software enabled interest based matches leading to much greater efficiency in terms of planning to find counterparts for synergy building. Furthermore, it was easy to schedule and arrange meetings through the request and chat functions integrated in Brella, while meetings could be directly accessed through the platform. Live-streamed panels lasted from the 21st till the 23rd of September and networking was open from the 20th till the 24th of September. And if you were not able to attend panels? No issue at all as all since they were all recorded and subsequently free to watch. Therefore perfect conditions for connecting had presented themselves, as networking possibilities were boosted by the extended time frame and flexibility to absorb panels.
The perks of a virtual conference
When a whole event is structured virtually a much better scalable networking emerges. Generally, this substantial conference aspect was far more dynamic throughout the course of the EBC. The mixture of live streamed and recorded panels established the ideal preconditions for having the most informative experience possible. Also, high quality networking in terms of similar interests with an individually planned schedule was enabled. The long networking times from 8am to 10:40pm CEST transformed time differences into obsolete issues. Seamlessly, live appointments could be scheduled back to back in 20 minute time-slots. Jet lags could be jettisoned, due to increased flexibility in picking a suitable time.
Additionally, another major benefit is cost saving caused by lower ticket prices and avoided travel. Moreover, it was perfectly plannable how much time to invest into the convention. Flexibility and convenience thrived through the option to attend from home or any other remote location. Another crucial perk was the fact that the virtual structure positively affected the environment. The sustainability is caused by zero travel emissions and material waste produced from the conference directly. Pain points like capacity constraints could be deemed obsolete while conversely inclusivity through one on one meetings was guaranteed.
Amazing Blocks — a unique business model ready for mainstream adoption
The unique solution of Amazing Blocks ushers a new chapter of legally compliant tokenization of digital legal entities. Liechtenstein’s membership in the EEA (European Economic Area) jettisons any potential restrictions. Aspects like a bankless incorporation allow a remotely managed SPV (Special Purpose Vehicle) in Liechtenstein. At Amazing Blocks, tokenization was even applied to our own shares and consequently we are the first in the world to issue equity tokens in line with the Liechtenstein Token Act. Additionally, we were founded with ETH as an initial contribution (rather than cash), which can be verified here. Anything from participation certificates to equity or debt tokens can be tokenized with various use cases like company shares or assets such as machines, patents, diamonds, real estate, art or even private assets.
The unique software Tokenpad supports an entire company life cycle of the legal entity in terms of administration. Within its layer, diverse features like a digital share register and easy onboarding of new investors are positioned. Hence, fundraising-on-the-go disrupts the way to receive funds and administer the entire process and subsequently mint and issue security tokens. With the solution Amazing Blocks provides, costly intermediaries become obsolete and time is significantly saved. The concept works from anywhere in the world, thus a broader access to investors is granted. The token functions as a container for the tokenized rights. Amazing Blocks can provide a blueprint to reduce the establishment of the entity in Liechtenstein from up to 4 months to around 3 weeks. Paired with this, the software solution is a unique tool and in this form not available anywhere else in the world.
Future outlook and conclusion
Multiple connections were made to grow our ecosystem and stakeholder base which will flourish growth. This was a great opportunity to introduce Amazing Blocks to the blockchain market while exploring synergies. The EBC further established itself as one of the most influential and important blockchain conventions in Europe, where the convention itself and participants can dually grow their ecosystem. Amazing Blocks looks forward to attending the next conference from the great hosts Victoria Gago and Daniel Salmeron. At Amazing Blocks, community building and connecting in the industry are considered as crucial to really provide the best possible solution to our clients. Consequently, the conference provided the perfect opportunity to start this on a large scale.
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Amazing Blocks offers a tokenization solution that enables its clients to tokenize various assets according to the Liechtenstein Token Act (software-as-a-service). The software covers both the issuance of tokens and investing in tokens. It suits the needs for tokenizing all kinds of assets (e.g. machines, cash flow generating contracts, trademarks, real estate, cars). Imagine that some asset should be tokenized. For this asset various tokens would make sense: Equity tokens, debt tokens, participation rights as tokens, ownership tokens, or any mixture of these tokens. The software of Amazing Blocks helps issuers to handle multiple assets and to issue multiple tokens for these assets. This is possible by integrating blockchain technology with the law (that is, the Liechtenstein Token Act). At the core, there is the “digital legal entity in Liechtenstein” based on “tokenized shares” which allows a very efficient foundation, a very efficient operation of the company and, thus, an efficient and flexible possibility to tokenize assets. This should now make a wide variety of tokenization projects possible, because the costs for tokenization are significantly reduced.
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