Know What's Blockchain and ICO
Blockchain and ICO
Some of you have heard the terms Blockchain and Innitial Coin Offerings (ICO). But not many know what other uses of the two terms.
On ICO World Tour: "What Investor Should Know" held in Jakarta recently, Blocktech Founder Co. Steven Suhadi introduced what is Blockchain and ICO.
He said that this year a number of companies and startups have raised as much as US $ 1.4 billion via ICO. ICO itself is a fundraiser for building applications related to Blockchain and its implementation such as bitcoin, smart contract, and smart ledger.
Many developers use this method to raise funds to develop their projects.
"Through this ICO World Tour forum, Blocktech aims to help the Blockchain and Cryptocurrency industry in Indonesia reach global standards," Steven said.
Blocktech introduced Sebastian Quinn Watson of Blockchain Global Limited as a strategic partner with partners from Indonesia, Australia, Canada and South Korea. Until now, Sebastian and the team managed to collect more than US $ 310 million in sales of this year's ICO tokens.
To note, Bitcoin and other currencies are built on a technology called Blockchain. However, not many know that Blockchain technology can be used for other uses, such as building a decentralized database.
On the same occasion, Hope Liu as CEO of Exchimchaim Singapore exposed the function of Blockchain used by his company to develop the supply chain industry.
Blockchain is also used by Gregory Van Den Berg, CEO of MiCai in Beijing to ease regulatory compliance in wealth management.
