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Crypto Party in Moscow: on present projects, on the future of ICOs and Ripple

31 January 2018 21:00, UTC

Moscow had a Crypto Party yesterday in one of the most prestigious clubs of the city (organized by CryptoEvent). No less than a hundred participants attended, and they varied from hipster-looking naive startupers to mining investors with a cunning look, and some of attendants looked as if they just had a high-level corporate summit and decided to take a look just in case.

As for the variety of blockchain applications on the Russian market, one can say: people are trying to apply it in every possible way. For example, DBrain and Faima.ai both told Bitnewstoday they were very interested in the development of “blockchain+AI” combination, in the latter case, the blockchain is planned to be used for finding out the best possible treatment for patients. However, Faima’s representative noted there are still some issues over the patients’ personal data they plan to extract from medical organizations, which, one can very much assume, will be reluctant to share. 

People from the more mundane cryptocurrency trading sphere were also present, for example, eToro’s employee has demonstrated the interface of the trading application they have already fully developed and launched. The same cannot be said about one of the managers of the future cryptocurrency bank planned to establish in one of the Baltic states. The bank did not even choose the brand yet. It plans to analyze the legal experience of similar organizations in order not to fail on the market right from the start.

After approximately an hour since the beginning, a panel discussion started, involving the CEO of CryptoEvent, a company which organized the whole party, Konstantin Goldshtein (Microsoft’s lead blockchain strategist), Anti Danilevsky (KickICO’s CEO) and other people notable on the local market. Mainly, the discussion revolved around the fact that the upcoming combination of venture firms with ICO will give impetus for the whole market, but some ICOs are indeed overestimated. Sometimes the founders of ICOs overestimate themselves. The end of this quarter will give more understanding of the current situation, the experts concluded.

Bitnewstoday has decided to ask a question regarding Ripple’s success most started to ignore again now that the price is back to $1. What was this sudden growth? Will the XRP platform really be accepted by banks? The experts, especially Mr. Goldshtein, reminded about Christine Lagarde's statement on how finance is still not digitized, and how SWIFT and Ripple participated at Sibos annual conference in Toronto last year, talking in the neighboring halls. As for the sudden rise, the representative of ShowMeBiz Olga Amray believes that the media were to blame. Which is partly true. A trader also present on the party later told Bitnewstoday how Ripple also cooperates with a company which consults the central banks and that some high-ranking employees previously worked in SWIFT, which might explain their success in negotiations with banks.