On May 19, Czech Republic will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen.The event will consist of a conference, divided into two streams, and an exhibition of IT developments in the field of Blockchain.
The participants will talk about the practical application of Blockchain technology and its legislative regulation in Europe. Developers of payment services and gadgets will deliver their reports.Guests of the conference will learn how to protect your personal data and avoid becoming victims of cybercrime, as well as what you need to know about the legal requirements in respect of Blockchain.Why Blockchain technology is a revolution ?Blockchain is a chain of transactions in the Bitcoin system, which accelerates transactions and protects them from external interference.
In addition, developers have realized that it can help transfer not only money, but also any data.It makes it easy to obtain certificates from state agencies and makes the taxation system transparent: every taxpayer knows where his/her money goes.The technology has been already used in practice: in Europe, there are applications that allow you to make purchases and take gadgets to maintenance service. IT-enthusiasts use it in the field of Internet of Things.
Real estate purchase, investments in the business, sports betting, all this will be perform through smart contracts without intermediaries, notaries and registration authorities.A smart contract is one of the most promising areas based on blockchain. This is a computer protocol allowing you to simplify and automate any contracts /deals /agreements.The parties to the contract can stipulate any conditions, the performance of which is guaranteed by the network. Thus, a smart contract will become an autonomous mechanism, which will be in charge of financial agreements.
The speaker of Bitcoin Conference Prague Andrey Zamovsky will tell more about smart contracts and innovation of this technology.The topic of his report is “Smart contracts as a revolutionary rejection of intermediaries in the financial sector.”Andrey Zamovsky is a founder of Amsafe platform. He has been a cryptocurrency enthusiast since 2010.
He has founded several projects related to the development of Bitcoin.Learn more about the technology that will facilitate transactions becoming a public notary without queues and fees.The first results will be presented in the framework of the demo area at the event.Blockchain & Bitcoin Conference Prague is an event for not only IT specialists, financiers and investors.The Organizer, Smile-Expo Company, is glad to see everyone who is interested in the development of new technologies, which in 5 years will become as popular as the Internet and smart phones are today.
