SINGAPORE, Aug. 2, 2022 /PRNewswire/ -- Singapore Blockchain Week (SGBCW) 2022 ended with a fireside chat with Hestor Peirce, SEC Commissioner. Peirce suggested that responsible regulation entailed clear rules and consistent enforcement and fostered responsible innovation. Robust international regulatory cooperation in digital assets is an important part of building and maintaining an effective regulatory framework. The goal is to address bad actors, while allowing well-intentioned innovators to focus on delivering on their product's promise and purpose.

The five days event attracted 8.542 attendees from 68 countries and over 700 organisations, including 36 exhibitors and 156 speakers. The week-long series of event included a web3 hackathon co-organised amongst Blockchain Association Singapore, Morpheus Labs and Huawei Cloud; SGBCW 2022 Summit, the main focus which attracted 5440 attendees; two Masterclasses; two Innovation Lab Showcases and a career fair jointly hosted by BAS, Banking and Financial Services Unit, NTUC; e2i, and Global Financial Institute and other fringe events for BAS Corporate and Individual Members.

Mr Chia Hock Lai, Co-Chairman of BAS commented during his opening speech at SGBCW 2022 Summit  that the web3 industry will recover strongly from the crypto winter, driven by big brands dabbling in web3 and big investments raised to invest in web3 projects. Having said that, the industry should focus on responsible innovation and avoid the past mistakes of excessive speculation, leverage and unsustainable business models, in order to gain trust and confidence from regulators and policy makers. 

On the success of the SGBCW2022, Mr Chia said, "This is the second time we are running the Singapore Blockchain Week since 2020 although an inaugural physical summit for this year. We did these in strong support of Singapore's vision as a premier Blockchain Hub. We are heartened by the enthusiasm of the attendees, sponsors and speakers who participated actively in the various events throughout the whole week. I hope Singapore Blockchain Week will continue to be a strong platform that brings together global regulators, innovators, thought leaders and community to discuss on important issues on web3 and to propel the nascent industry to a more sustainable and responsible growth moving forward."

In addition, S$120,000 was also raised during the Blockchain for Good Gala Dinner, graced by the Guest-of-Honour, Mr Desmond Tan, Minister of State, Prime Minister's Office and NTUC Deputy-Secretary. The Blockchain For Good campaign is a joint initiative between BAS and NTUC-U Care Fund aimed at supporting where the proceeds will go towards supporting the charity's various assistance programmes.

The comments for SGBW2022 from our delegates, speakers, exhibitors and sponsors have been most encouraging. 

"The week of conference was vibrant, smooth and informative. BAS has done a great job bringing people together. It was worth it for me flying in from Crypto Valley Switzerland!" expressed by Zenya Kwan, NFT Research and Development Specialist, Casper Association and Veritic.

A keynote speaker on the topic of trends in the Metaverse, Ms Grace Chng, Editorial Director and Strategic Advisor of Deeptechtime.com concluded, "I think it is an excellent opportunity for community to come forward to share because the industry is moving so rapidly. It is indeed heartening to see the comments in social media highlighting that they have found the SGBCW 2022 to be valuable in developing new contacts and networks and connecting with new friends. I look forward to BAS organising the next SGBCW!"

Phillip Liu, Partner of Asia at Atlas said: "Atlas, together with sister companies IDEG and Fundamental Labs, is proud to have partnered with BAS on this flagship regional blockchain event. We were glad to have met many great contributors to the ecosystem. We hope more will join us on the journey of building a sustainable Web3 future as a result of this fruitful event."

KC Reddy. Founder and Chief Architect of Rubix Blockchain shared his thoughts about the event. "A wonderful fusion of Web 3.0 architects, thought leaders, regulators and users made SGBCW2022 one of the best places to experience and resonate the latest trends in the Blockchain World. Rubix Network is proud to be associated with Blockchain Association of Singapore and contribute to the greater growth of the Web 3.0 global industry as a whole. Proud to serve the Web 3.0 World from Asia." 

About Blockchain Association Singapore

The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation.

The Association is designed to be an effective platform for members to engage with multiple stakeholders – both regional and international – to discover solutions and promote best practices in a collaborative, open, and transparent manner. It aims to promote blockchain literacy and build a strong talent pipeline for the digital economy in Singapore.

For more information, please visit: https://singaporeblockchain.org

About Singapore Blockchain Week

SINGAPORE BLOCKCHAIN WEEK is a flagship event organised by Blockchain Association with the objective of building a clear image of digital evolution and developing Singapore as a premier Blockchain hub that:

• Contributes strongly to the brand of Singapore as the best place to locate a Blockchain company
• Brings together global regulators, technology and business community
• Develops an agenda that emphasizes Singapore's centrality to Blockchain & Finance in Asia
• Facilitates high-level networking
• Attracts delegates from Blockchain organisations around the world

For more information, please visit: https://blockchainweek.com.sg