The 2nd Serbian Blockchain Summit was held on Saturday, December 7, 2019, at the Faculty of Economics in Belgrade. It was organized by the Center for Economic Research Belgrade, the Serbian Blockchain Initiative, the Faculty of Economics and the Chamber of Commerce of Serbia.
The second annual conference and the only one of its kind in Serbia brought together participants from the whole world. Within four segments, there was talk about the future of the blockchain technology and cryptocurrencies and their implementation in banks and in startups.
At the very beginning, Tomas Manovicky talked about the China – CEE Blockchain Center of Excellence, which aims to develop technology, but also support the implementation of the Belt and Road initiative. This way, China cooperates with 17 countries of central and eastern Europe.
Pawel Dudek then presented Xcalibra, a platform for the trade of digital property, available at https://xcalibra.com
, whereas Daniel Dabek of the same company presented Safex – an innovative market based on software for a secure sale and purchase with cryptocurrencies.The revolution before our eyes
The first speaker was Vit Jedlicka, the first president of the self-proclaimed Free Republic of Liberland, located on the western coast of the Danube, between Serbia and Croatia. This state focuses on investments in blockchain and operations in free zones.
After an interesting presentation of the state's vision and its functioning in the future, the next speaker, Xerxes Voshmgir, a futurist, took the stage. He pointed out that there was a lot of hype about blockchain and cryptocurrencies.
– We are currently participating in a revolution and in creating a new type of economy. It's all in our hands. When the technology fully develops, it's possible to use its full potential – Voshmgir said.
Richard Chen is a co-founder of WaykiChain blockchain project. On this occasion, he tried to demystify the concept of blockchain. As the first myth, he cited the interpretation of cryptocurrencies as true currencies. He doesn't see them that way and instead considers them property.
– Decentralization is another myth. It is believed to be everything, which is not true. Trust is everything. That's the key – Chen said.
He also said that blockchain was not a single entity and that it varied in scope and purpose. He also pointed out that crypto tokens and stablecoins (a cryptocurrency with a stable price) point toward web 3.0.How is blockchain implemented in Serbia?
Nikola Sologub, the CEO of The Best Practice, believes that Serbia is on the right path when it comes to blockchain technologies. As he says, there are more and more teams from Serbia doing a good job.
– What's important for the blockchain technology is that people still don't recognize it and don't see what it brings. A great revolution is in progress and we are all looking for ways of applying technology and seeing where it leads us, as the scene is pretty much uncharted territory. I expect this to change only when we get a true solution – Sologub says for eKapija.
He adds that the first case studies regarding blockchain technologies can only be expected in a few years.