Beyond Blocks Bangkok Organizer: Maturity Replaces Hype on the ICO Scene
It’s a few more days until the next Beyond Blocks Summit begins — this time in Bangkok, Thailand. Bitsonline spoke to organizer and CEO Gabriel Yang about what he expects, and the impact of current conditions on the blockchain and token-focused investing event.
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Returning to Bangkok
Beyond Blocks isn’t new to Thailand, having started its venture there in 2017. Since then it has held well-attended conferences in investment hubs Tokyo and Seoul, attracting quality speakers from the blockchain industry as well as the financial and regulatory worlds.
Speakers include IOHK (and Cardano) CEO Charles Hoskinson, Binance CFO Wei Zhou, NFX managing partner Gigi Levy Weiss, Stock Exchange of Thailand governor Prinn Panitchpakdi, Thailand SEC technology consultant Bhume Bhumiratana, and several large investors.
Downturn and Market Maturity Dampen ICO Hype
Yang said that interest in the Bangkok event has been strong, though with the current bear market and proliferation of industry conferences he expects the event to be on a smaller scale to the Japan and Korea ones.
“That being said, the quality of the event is not something we’re compromising on… we actually see a big audience that’s returning to Beyond Blocks, both from Tokyo and Seoul. That puts us in good stead. At the end of the day, we’re a platform that enables the thought leaders and industry to share our knowledge. Having the right audience is what’s important to us.”
He noted that, even before the current downturn, hype over ICOs had calmed since 2017. People were now wary aware of scams, pump-and-dumps, celebrity involvement, and “projects with just a whitepaper” which led them to question exactly what they’re investing in.
That’s probably a good sign, and one that the market is maturing. Similar to the tech industry before it, investors are now looking beyond the excitement and whitepapers to find some longer-term substance. Maturity could also see larger corporate and institutional investors enter the space, something it probably needs.
Beyond Blocks in 2019
Yang said Beyond Blocks will be back in 2019 with plans to repeat its three events in Tokyo, Seoul and Bangkok, after he and his staff take a well-earned end of year break. The company also has other plans, which he plans to share early in the new year.
The summit is the flagship event of Blockchain Week in Bangkok, which runs from 26-30th November and includes a series of business and technology-related meetups and social events.
Beyond Blocks Summit Bangkok will be hosted on the 4th floor of the InterContinental Bangkok hotel on November 26-27th, 2018 (two days). Tickets are available from now until the day of the event.
Images via Beyond Blocks, Pixabay
Bitsonline is an official Media Partner of Beyond Blocks Summit Bangkok 2018