The so-called self-sovereign identity – the right of a user to own and control personal information and freely decide whether to make it available in whole or in part to a service provider – has a potential to fundamentally change the foundation of society and mechanisms of our economy. The session will discuss the state-of-the-art blockchain technology, which strongly propels the ID’s social application, and what new businesses and society may look like under the new environment.
Blockchain technology is emerging its use to various industries such as manufacturing, trading, logistics, medical to name a few. During the session, speakers from various industries including the developers of blockchain technology will share the recent updates and trends of ""Enterprise Blockchain"".
Early examples of security token offering, or STO, the fundraising scheme using blockchain and other technologies, have been seen in the United States and Singapore. It will start in Japan in April under the revised Financial Instruments and Exchange Act. Will it give a new impact on the economy while ensuring security? The session will discuss its potentials and issues to be addressed.
Blockchain first gained attention as the underlying technology of cryptocurrency Bitcoin, but it evolved to find application in various fields, both financial and nonfinancial. How will blockchain change people’s lives in the future? The session will feature people working at the front line of blockchain technology to discuss the topic freely and in depth.
Recently, STO has become a focal area as a new financing transaction. Use of STO has gained momentum in various countries; and in Japan, the Payment Services Act was amended in May 2019. KPMG's accounting and tax professionals as well as a legal expert from AMT will discuss potential challenges in launching STO, following explanations about ongoing discussions in legal, accounting tax areas.
Ripple leverages blockchain technology to transform global payments. In this workshop, we explain how RippleNet, a next-gen global payments network, enables realtime settlement by addressing pain points of global payments today - high cost, low speed, lack of transparancy and uncertainty. We also introduce customer use cases and conduct a demonstration of RippleNet capabilities.
In the non-financial industry as well as the financial industry, the use of blockchain technology is moving from the "proof of concept" to the "implementation" phase. This session, through presentations of latest use cases and discussions by experts, will focus on why companies in various industries are starting and working on projects now, and what kind of future they envision using blockchain.
Discuss about "How does digital currency and crypto asset change Japanese economy and lifestyle" with Soramitsu who is developing the first digital currency system in Cambodia, and LVC they deploys new crypto asset named LINK and plan to update LINE eco-system by crypto.
"Enterprise Blockchain" is accelerating its existence around the globe. The session will start by introducing what enterprise blockchain is and what are the trends in the market, then will take it further to the world of trade finance and how digitalization including blockchain will bring changes to trade finance.