Token sale platform and Cryptocurrency exchange the Gibraltar Blockchain Exchange (GBX)- The Banner

Lisbon Web Summit

With over 60,000 attendees, thousands of speakers, and hundreds of companies from global brands to aspiring start-ups, the Lisbon Web Summit is one of the largest Fintech events in the world. Held from the 6th to 9th of November at the Alice Arena in Lisbon, Portugal, the atmosphere in the stadium was electric as leaders of industries delivered their exciting and inspiring presentations.

Some of the world’s biggest names attended: Portugal’s own prime minister Antonio Costa, presidential candidate and environmentalist Al Gore, former president of France Francois Hollande, and president of Microsoft Brad Smith. The pavilions housed the various stages and stalls of companies such as Siemens, BNP Paribas, IBM and Amazon that each had a huge presence. Hosting the discussion panels were the world’s leading media companies such as the Wall Street Journal, WIRED, BBC and CNN.

At Booth B713 in Pavilion Two, amongst other innovative blockchain companies, the Gibraltar Blockchain Exchange (GBX) shared its vision. Over the three-day, conference, the GBX team spoke with attendees about their plan to build a world-leading cryptocurrency exchange and token sale platform. The GBX received a great response—so many attendees were interested in learning more about the GBX’s proposal that a queue was formed for them to speak with the team! Throughout the event, the team received positive feedback, with conversation mostly centred on the shared need for regulation in this growing market.

During the conference, Nick Cowan, CEO of the GBX, spoke about the current global market outlook for token sales. He highlighted the recent bans and warnings issued across many jurisdictions, and compared this with the positive stance the Government of Gibraltar has taken with regards to their supportive direction for this emerging industry.

Nick elaborated on the new supportive Distributed Ledger Technology regulation that Gibraltar has implemented, which will be coming into effect in January 2018. He spoke on the markets’ need for such regulation in order to grow and become mainstream to institutional investors.

Describing elements of the proposed GBX ecosystem, Nick highlighted the key role Sponsor Firms would take. These expert consultants in token sales would offer a guiding hand to token Issuers throughout the whole token sale process, from conception to Listing. He emphasised that GBX plans to set the benchmark for good governance and best practices to hopefully establish a new industry standard for token sales and a cryptocurrency exchange.

Another hot topic for the GBX booth was the Rock Token (RKT), the official utility token of the GBX ecosystem. Designed as a medium of exchange, the aim of the Rock Token is to empower liquidity in the GBX market. From listing and sponsor fees to voting on Select Community Developments, it holds great versatility.

The team made their presence felt outside the GBX booth, with Nick being chosen to be a panel judge during the conference. The Pitch was a big advantage for start-ups coming to the Web Summit, where they had the opportunity to pitch their ideas to potential investors. The Pitch competition ran throughout the three-day event with the winning pitch receiving a cash price for their start-up idea.

One of the key benefits of attending the Web Summit came from the ‘partners lounge’ where Nick had the opportunity meet with Alex Kong, Founder and CEO of TNG FinTech. Alex was very enthusiastic about the plans Nick outlined to him for GBX. As Nick embarks on his round-the-world roadshow promoting GBX, he intends to meet Alex again in Hong Kong to further that initial discussion.

After a successful conference, with all the materials gone, down to the last chocolate Rock Token coin replica, the GBX team left Lisbon looking forward to hopefully returning for Web Summit 2018.