The United Conference of Internet Money, UCIM, held at Singapore last month concluded amid great zeal and enthusiasm with the sunset of 27th November. The two-day event had been, since long, making rounds for its novel outlook and four-fold agenda of assessing and promoting adoption, investment, disruption and regulation with the blockchain-crypto duo on the global scale.
The audience was addressed by some noted personalities like Tim Draper, Tone Vays, Babu Munagala, Ethan Ng, and Dorjee Sun as its keynote speakers. An ultimate batch of impact speakers shared their unbiased views and experiences across a series of panels driven by some of the most critical and relevant topics. The streak of eleven panel discussions kicked off with the stage being shared by the CEO/Co-founder of GAED Pte Ltd Azhar Othman, Associate Dean (Faculty) at ESSEC Business School Jan Ondrus, CEO, and co-founder of Crowd Genie Akshay Mehra and Jeremiah Lai from Liquid as moderator to analyze ‘The Tipping Point for Mass Adoption of Cryptocurrency.’
The panel discussion to analyze Tipping Point for Mass Adoption of Cryptocurrency with the stage being shared by the CEO of GAED Azhar Othman, Associate Dean at ESSEC Business School Jan Ondrus, CEO of Crowd Genie Akshay Mehra and Jeremiah Lai from Liquid as moderator. UCIM. December 11, 2018
The panel discussion to analyze ‘Tipping Point for Mass Adoption of #Cryptocurrency' with the stage being shared by the CEO of GAED Azhar Othman, Associate Dean at ESSEC Business School Jan Ondrus, CEO of Crowd Genie Akshay Mehra and Jeremiah Lai from Liquid as moderator.#UCIM pic.twitter.com/uGMlHsWO1X
— UCIM Official (@ucimofficial) December 11, 2018
Singling out the fluctuating nature of cryptocurrency, Akshay Mehra commented, “its ability to swing prices is just too fast. And what it does is, it doesn’t gift a user the trust.”
He added that the world is still in the phase where people think of cryptocurrency as another asset like gold, as opposed to a currency. The current state of cryptocurrency is not liquid enough for an average user to think of it just as another currency.
However, delving into the potential of internet currency, Azhar Othman supported that, “cryptocurrency can come to the point, I believe, where there is the element of trust that, especially, is the first law and effect that has relevance to you.”
The panel progressed on to discuss the challenges facing the crypto- formula and the reforms that cryptocurrency can further draw from association with the blockchain technology and its attributes. The blockchain is still at its inception and has a long way to go.
The members collectively agreed on the fact that global reception of the technology, nevertheless, is being openly acknowledged as the brewing up of a powerful wave that practically cannot be restrained.