Singapore Blockchain Week 2022 attracts participants from 68 countries

Singapore, 2 August 2022 – Singapore Blockchain Week (SGBCW) 2022 ended with a fireside chat with Hester Peirce, SEC Commissioner. Peirce suggested that responsible regulation entailed clear rules and consistent enforcement and fostered responsible innovation. Robust international regulatory cooperation in digital assets is an important part of building and maintaining an effective regulatory framework. The goal is to address bad actors while allowing well-intentioned innovators to focus on delivering on their product's promise and purpose.

The five days event attracted 8.542 attendees from 68 countries and over 700 organizations, including 36 exhibitors and more than 156 speakers. The week-long series of events included a web3 hackathon co-organized between Blockchain Association Singapore, Morpheus Labs, and Huawei Cloud, SGBCW 2022 Summit, two Masterclasses, two Innovation Lab Showcases, and a career fair jointly hosted by BAS, Banking and Financial Services Unit, NTUC; e2i, and Global Financial Institute and other fringe events for BAS Corporate and Individual Members.

Mr Chia Hock Lai, Co-Chairman of BAS commented during his opening speech at SGBCW 2022 Summit that the wed3 industry will recover strongly from the crypto winter, driven by big brands dabbling in web3 and big investments raised to invest in web3 projects. Having said that, the industry should focus on responsible innovation and avoid the past mistakes of excessive speculation, leverage, and unsustainable business models, in order to gain trust and confidence from regulators and policymakers.

On the success of the SGBCW2022, Mr. Chia said, “This is the second time we are running the Singapore Blockchain Week since 2020 although an inaugural physical summit for this year. We did these in strong support of Singapore’s vision as a premier Blockchain Hub. We are heartened by the enthusiasm of the attendees, sponsors, and speakers who participated actively in the various events throughout the whole week. I hope Singapore Blockchain Week will continue to be a strong platform that brings together global regulators, innovators, thought leaders, and the community to discuss important issues on web3 and to propel the nascent industry to a more sustainable and responsible growth moving forward.”

In addition, S$120,000 was also raised during the Blockchain for Good Gala Dinner, graced by the Guest-of-Honour, Mr Desmond Tan, Minister of State, Prime Minister’s Office and NTUC Deputy-Secretary. The Blockchain For Good campaign is a joint initiative between BAS and NTUC-U Care Fund aimed at supporting where the proceeds will go towards supporting the charity’s various assistance programs.

The comments for SGBW2022 from our delegates, speakers, exhibitors, and sponsors have been most encouraging.

“The week of the conference was vibrant, smooth, and informative. BAS has done a great job bringing people together. It was worth it for me flying in from Crypto Valley Switzerland!” expressed by Zenya Kwan, NFT Research and Development Specialist, Casper Association and Veritas.

A keynote speaker on the topic of trends in the Metaverse, Ms. Grace Chng, Editorial Director and Strategic Advisor of Deeptechtime.com concluded, “I think it is an excellent opportunity for the community to come forward to share because the industry is moving so rapidly. It is indeed heartening to see the comments in social media highlighting that they have found the SGBCW 2022 to be valuable in developing new contacts and networks and connecting with new friends. I look forward to BAS organizing the next SGBCW!”

Phillip Liu, Partner of Asia at Atlas said: “Atlas, together with sister companies IDEG and Fundamental Labs, is proud to have partnered with BAS on this flagship regional blockchain event. We were glad to have met many great contributors to the ecosystem. We hope more will join us on the journey of building a sustainable Web3 future as a result of this fruitful event.”

KC Reddy. Founder and Chief Architect of Rubix Blockchain shared his thoughts about the event. “A wonderful fusion of Web 3.0 architects, thought leaders, regulators, and users made SGBCW2022 one of the best places to experience and resonate with the latest trends in the Blockchain World. Rubix Network is proud to be associated with Blockchain Association of Singapore and to contribute to the greater growth of the Web 3.0 global industry as a whole. Proud to serve the Web 3.0 World from Asia”

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About Blockchain Association Singapore

The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation.

The Association is designed to be an effective platform for members to engage with multiple stakeholders – both regional and international – to discover solutions and promote best practices in a collaborative, open, and transparent manner. It aims to promote blockchain literacy and build a strong talent pipeline for the digital economy in Singapore.

For more information, please visit: https://singaporeblockchain.org

About Singapore Blockchain Week

Blockchain For Good (BFG) is a Corporate social responsibility (CSR) initiative of the Blockchain Association Singapore (BAS). We have been supporting the PolyFinTech100 API hackathon for the past few years whereby we groom talented poly students in the areas of blockchain.

In 2021, we decided to expand our CSR to run an NFT Charity Auction with the NTUC-U Care Fund, to raise funds for supporting various assistance programs, including helping families defray their cost of living and their children's school expenses, as well as caring for the elderly. This year, the charity campaign took place from 26 June to 25 July 2022.

For more information, please visit: https://blockchainweek.com.sg