Industry to Descend on Shanghai for the Global Blockchain Summit

By July 2, 2016Bitcoin Business

One of the biggest blockchain event of the year is to be held in Shanghai from the 19 th to the 24 th of September in a week long International Blockchain conference merging DevCon’s developer focused conference with Shanghai’s more business focused Second Global Blockchain Summit.

A spokesman for Wanxiang Blockchain Labs, a non-profit entity focused on blockchain research and promotions of the technology, told CCN: “We have confirmed guests from overseas who are experts in this field. We hope to bring them here and show the Chinese audience, including industry and regulators, what is going on outside and bring our foreign friends into China to show them what’s going on within China.” A confirmed list of over 40 speakers from diverse backgrounds includes representatives from Microsoft, UBS, Santander, Ernest & Young and many others, as well as prominent blockchain experts from Ethereum, HyperLedger, R3, Ethcore, Circle, ConsenSys, OpenBazaar, Zcash, and more.

The International Blockchain Week is hosted by Wanxiang Blockchain Labs, funded by Wanxiang Holdings, one of China’s giant conglomerates and China’s biggest backer of blockchain technology which has been prolifically involved in this space, launching in late 2015 a $50 million blockchain focused venture capital fund, Fenbushi Capital .

They have been instrumental in bringing blockchain technology to China with a Wanxiang Blockchain Labs spokesman stating to CCN that: “[B]anks, government, and other financial institutions started to pay attention to blockchain (not just Bitcoin) only since our first conference last year in Shanghai.” Following Shanghai’s Global Blockchain Summit in October last year, interest in blockchain technology exploded all over the world, reaching fever pitch in the west. Although media attention has somewhat subsided, a spate of new investments by Chinese companies suggests that interest in blockchain tech is now heating up in the world’s second biggest economy.

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