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India to Witness Asia’s Biggest Blockchain Conference: ‘India Dapp Fest 2019’

India to Witness Asia’s Biggest Blockchain Conference_ ‘India Dapp Fest 2019’

As India has been a spectator of the ever-growing adoption of Blockchain technology, the people are in hold for witnessing the awe-inspiring India Dapp Fest 2019 hosted by India’s biggest Blockchain community, Blockchained India. Deemed to be the top-notch Blockchain conference of Asia, the event is scheduled to be held in Bangalore, the Silicon Valley of India.

The India Dapp Fest 2019 event is to be held from 11-15 June, 2019 in one of the prominent corporate events venue, The LaLiT Ashok, Bangalore. Hackathons  and workshops will be held on the first three days followed by the Blockchain Conference on 14 and 15 June.

The Dapp fest comes forth with speakers who are some of the most influential personalities from different walks of technology including Blockchain, Dapp, and Decentralized platforms. They include entrepreneurs, founders and CEOs of some of the most recognised companies in India.

Through its roadshow summits, Blockchained India gathered over one thousand Blockchain professionals from India regarding the Blockchain related regulations. The summits facilitated interconnection of like minds to celebrate the spirit of Blockchain technology. About a month ago, the joint secretary  of Department of Economic Affairs[DEA], Anurag Agarwal, called Bitcoin a ‘ponzi scheme’. Addressing this, Akshay Aggarwal, Co-founder of Blockchained India said:

I hope [Secretary DEA] noticed the value in what he called a “ponzi” scheme, specially when so many folks came together to share perspectives. With all due respect, we expect more from him since he can decide for what trade we can practice.

According to the website, with the presence of 750+ developers, 50+ Dapps, 100+ enterprises, 50+ prominent speakers and 100+ investors, IDF aims to bring about a revelation of highly significant insights and exceptional prospects for Blockchain practitioners. It is a huge platform to promote Blockchain solution in India as it is grabbing the attention of  many to bring about innovative changes in the society. Recently, the Bruhat Bengaluru Mahanagara Palike(BBMP)  undertook a pilot project to incorporate Blockchain solution for solving Bangalore’s garbage problem. These factors could be the key to ensure more friendly regulations to acknowledge public interest in India.

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Tom Lee Anticipates Bitcoin Rise After Consensus Conference

Following Tom Lee’s prediction that Bitcoin will be valued at USD 25,000 by the end of the year, he now anticipates that the Consensus conference will be a significant driving force to reach these gains.

Lee heads the research team at Fundstrat Global Advisors, where he recently sent a note to clients advising them that he ”[expects] the Consensus rally to be even larger than past years”. The conference is running for the fourth consecutive year, with trends showing a correlation between a growing number of attendees and the price valuation of Bitcoin.

As reported by Bloomberg, this year the event is expected to draw in over 7,000 people, compared to the 2017 attendance record of 2,750. According to Lee’s note to his clients, last year’s event saw attendance rates double, offsetting a Bitcoin price increase of 69% during the conference, followed by a 138% rise the ensuing two months.

Although the value of Bitcoin has dropped to around USD 9,250 after reaching nearly USD 10,000, the cryptocurrency is still riding a three-week high after a difficult start to the year.

The potential caveat

While Lee stated that he firmly expects Bitcoin to act in a similar way as it has tended to around the time of the summit, he did note that recent regulatory uncertainty might be problematic for the cryptocurrency. Particularly, Lee stated that some digital currencies being classified as securities may result in the aggregate decline in their demand.

Nonetheless, he believes that traction from the conference will be significant enough to overcome this issue.

The Consensus conference is a blockchain and digital currency summit organized by CoinDesk, that hosts leading industry experts as keynote speakers during the event. This year, it will take place between 14 and 16 May, held at the Hilton Midtown, New York. Over 250 speakers have been booked, with a diverse background in investment, financial institutions, enterprise technology and academia.


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