Category: Blockchain Leadership Summit

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Maltese Prime Minister Welcomes Switzerland as a Competing Blockchain Hub

Categories Blockchain, Cryptocurrency, Malta, European Commission, The Blockchain Island, DLT Regulation, Blockchain Leadership Summit

Maltese Prime Minister Welcomes Switzerland as a Competing Blockchain Hub

“Regulation gives certainty to investors, give certainty to consumers and it provides the level playing field that the industry needs”, – words spoken by the Prime Minister of Malta Joseph Muscat during his interview with CNN Money during the Blockchain Leadership Summit in Switzerland, in which E&S Group team members participated at.

The Maltese Prime Minister welcomes Switzerland as a competing crypto hub and encourages other jurisdiction to step into the industry in order to create a EU Blockchain framework. Among the roadblocks for mass blockchain adoption he mentions the misunderstanding of the blockchain concept, initial scalability, environmental problems along with other topics such as; e-learning, AML European rules, KYC procedure and the virtual euro as a currency of the future.

“We are moving slowly but steady”, – the Prime Minister comments’ when questioned about the legislation development in Malta.

Watch the full interview via link – https://www.cnnmoney.ch/shows/blockchain/videos/malta-pm-joseph-muscat-european-union-blockchain-framework 

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Blockchain Leadership Summit – Made for Industry Leaders

Categories Blockchain, Regulatory, DLT, Blockchain Leadership Summit, Event

Blockchain Leadership Summit – Made for Industry Leaders

 

The Blockchain Leadership Summit, organised by InnMind took place in the Congress Centre Basel, Switzerland on 23-24 November 2018. This large-scale event traditionally focuses on bringing the brightest minds within developing industries together with politicians, businessmen and large institutions.

The most promising projects are selected beforehand by the organising committee, and are offered the opportunity to meet and communicate directly with the investors and professional advisors, as well as to pitch their business models in front of a jury and a broad audience. The best startup team was selected by a professional panel of judges as well as summit participants, and won a roadshow experience around Switzerland. Voting was carried out on the blockchain in the real-time mode during the second day of the event.

Much attention was paid to academic programs regarding digital economy implementation and the keeping and verification of the academic records and personal documentation. One of the use-cases from the University of Basel was applied to the issuing of the attendance certificates on blockchain on the spot.

The attendees had a chance to learn from the actual cases of digital technology implementation currently in operation within large corporations, such as PwC, IBM, Bosch, Novartis and others. The representative of top enterprises shared their experiences regarding the increase of business process efficiency, money flow improvement and security costs reduction.

One of the distinctive features of the Leadership Summit was the presence of the state authorities at the event. This Summit edition was marked by the participation of the politicians from Malta, Liechtenstein, Finland, Switzerland, Russia, Armenia, and Kazakhstan in the discussions.

The Prime Minister of Malta, Joseph Muscat, was speaking at the panel discussion “Blockchain Adoption at Government Level”, as well as H.E. the Prince Michael of Liechtenstein, Chairman of Industrie-und Finanzkontor Ets. Vaduz, and Geo-political Intelligence Services; Esko Aho, former Prime Minister of Finland, visiting professor at Sciences Po, Paris; Sergey Gorkov, Deputy Minister of Economic Development of the Russian Federation; and Eric Jakob, Ambassador, Board Member, Federal Department of Economic Affairs, Education and Research EAER in Switzerland.

The speech of the Prime Minister of Malta regarding the sustainable regulatory framework of the country towards DLT technology was welcomed with lots of enthusiasm. Crypto world influencers call Malta one of the best jurisdictions for serious long-term projects, leaving Estonia and Switzerland behind.

The E&S team experienced 2 days full of active networking and valuable experience sharing. The market is entering the period of stabilisation and Malta is securing its place in the industry. To find out more about launching an ICO in Malta, please contact E&S Group by sending us an email on [email protected].

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The Pharma Counterfeit Problem on a Global Scale

Categories Blockchain, Cryptocurrency, Regulatory, ICOs, Malta, Law, E&S Group, Conference, Blockchain Leadership Summit

The Pharma Counterfeit Problem on a Global Scale

The investments into blockchain technology in the healthcare industry are growing rapidly, reaching $200M according to a recent report of the major consortium R3. The implementation of the DLT technology in the healthcare industry is caused by the emerging problem of pharma counterfeit and ineffective supply chains.

Anything that makes money will be counterfeited. This affects patented medications as well as generics. Expensive, prescription drugs, such as those used in AIDS or cancer therapy, are especially lucrative for dubious businesses. Antibiotics are the most commonly counterfeited drugs, particularly in low-income nations where medicines are prohibitively expensive for many people. In high-income countries, there is a growing trend toward fake “lifestyle” medications.

Illegal trade takes place around the world. The World Health Organization (WHO) estimates that counterfeit medicines worth 73 billion euros are traded annually. Dubious online pharmacies that conceal their true location deliver globally – reaching countries such as Germany, UK, Italy, Spain etc. or the USA. Supplies from illegal internet pharmacies – those without appropriate certification – are up to 50% counterfeits.

The extent of the problem varies greatly between regions and individual countries, and also depends largely on temporary supplies. The problem is highly dependent on how tight legal controls are. The WHO estimates that in some areas in Africa, Asia, and South America, more than 30% of medicines in circulation are fake. In some countries in Eastern Europe, the proportion of fake medicines can be more than 20%.

The current state of healthcare and pharma records is incoherent and irrational due to a lack of common architectures and standards that would allow the safe transfer of sensitive information among stakeholders in the system. Blockchain application in the healthcare industry, while still at the early stage of development, it presents various opportunities such as:- keeping track of patients’ health, new insights on population health; and supports the direction toward value-based care.

There are already several use-cases in the pharma industry: blockchain can help with verifying the authenticity of returned drugs and compliance in the pharma supply chain. Merck in partnership with SAP has developed the SAP Pharma Blockchain POC app for the use-case. Blockchain protocols in clinical trials can provide transparency and traceability of consent.

Another groundbreaking use-case in pharma is the prevention of counterfeit drugs and medical devices. One of the largest pharmaceutical companies in the world based in Basel, Switzerland, Novartis AG, has made a tremendous progress in this direction. They have been experimenting with blockchain since 2016 and have run various proofs of concept (PoCs). Today, their primary tech development is aimed to identify counterfeit medicines and track temperature with real-time visibility for all participants in the supply chain, using Blockchain and IoT.

They are also working on a public-private partnership between the European pharmaceutical industry and the EU – the IMI Blockchain Enabled Healthcare program. The program aims to partner the pharma industry with a consortia made up of SME blockchain companies, universities, clinical labs, hospitals, patient representatives and others. It’s a wide-ranging project that includes counterfeit drug detection, supply chain, patient data, and clinical trials.

The potential of the blockchain implementation in the healthcare industry will be discussed on Blockchain Leadership Summit in Basel. If you would like to attend one of the most significant events of the year with us, E&S Group will be happy to give you an exclusive 50% discount for any ticket. All you have to do is to use the promo code: BLS2018_exclusiveE&SGROUP. If you would like to get further information on this event please send us an email on [email protected].

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E&S Group is attending the Largest Swiss Blockchain Summit 

Categories Blockchain, Cryptocurrency, Regulatory, ICOs, Malta, Law, E&S Group, Conference, Blockchain Leadership Summit

E&S Group is attending the Largest Swiss Blockchain Summit 

Switzerland has set bars to remain at the forefront, maintaining its position as a world leader in this technology. Statistics released by the investment group Crypto Valley Venture Capital (CVVC) show that over 600 companies and institutions are now located in Switzerland and neighbouring Liechtenstein, with 3,000 people employed. The report of CVVC is mostly focused on the TOP 50 companies in the blockchain industry based in the ‘Crypto Valley’.

“Switzerland is extremely well located on the Blockchain map”, explains Vincent Pignon, Blockchain adviser to the State of Geneva. According to the earlier report from PwC, Switzerland used to be the second in ranking at a global scale in 2017, just right after the USA, in terms of attracting the funds with ICOs.

In 2018, Switzerland is still holding on to its leading position in the industry by cooperation with Lichtenstein, in addition, assisting the banking sector to reform their banking access rules. The country maintains one of the biggest entrepreneurs and blockchain developers’ communities in the world and hosts the DLT-related events on a regular basis.

The largest Swiss Blockchain Summit, Blockchain Leadership Summit takes place on the 23rd and 24th of November, 2018. This key industry event will welcome 2500+ attendees, opinion leaders and industry drivers including:- investors, politicians, start-ups, executives and over 70 top speakers and experts. The topics discussed during the 2-day event will focus on Governance and Leadership in Blockchain, Financial Regulation, Institutional and Corporate Investment Sector, Taxation, Legalization and Insurance of Crypto Assets.

The first summit in Zurich was organised in March by InnMind, the first Swiss-made global business ecosystem for the innovative community, start-up founders, experts, investors, mentors and service providers. The event got the status of a global Think Tank of decision and policy makers from blockchain and crypto world united 30 world’s top experts, 500 professionals, proactive investors, and startups.

E&S Group team is going to Basel, the cultural capital of Switzerland, its oldest university city and the centre of European science, to join the community of the leading digital economy influencers and represent the Blockchain Island.

To learn more, visit: https://innmind.com/about

If you would like to attend one of the most significant events of the year with us, E&S Group will be happy to give you an exclusive 50% discount for any ticket. All you have to do is to use the promo code: BLS2018_exclusiveE&SGROUP. If you would like to get further information on this event please send us an email on [email protected].

 

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