Blockchain and cryptocurrency conference set for June

The Bahamas Blockchain and Cryptocurrency Conference was officially announced during a press conference on Thursday, May 24. Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson said the conference will be held June 20-22, and it is hoped that representatives from 500 tech companies will attend. (BIS Photo/Lisa Davis)

The Bahamas Blockchain and Cryptocurrency Conference was officially announced by Minister of State for Grand Bahama Senator Kwasi Thompson recently and is expected to bring hundreds to the island.

The conference, scheduled for June 20-22 at the Grand Lucayan, was described by Thompson as, “our coming out party” for Blockchain and FinTech.

It is anticipated that representatives from 500 companies will converge on Grand Bahama, where investors and entrepreneurs will meet.

Stating that Grand Bahama is suited to be the technology hub of the region, the minister added that the first technology summit held in November, hosted some of the finest minds.

“The technology summit was instrumental in beginning the strategic process of building a technology sector in The Bahamas,” Thompson said.

“The government has since begun implementing recommendations of the steering committee to make this technology hub a reality. And I want to particularly thank Dr. Donovan Moxey, who heads the GB Tech Hub steering committee.

“One such recommendation, which we are now implementing, is the hosting of a major international conference, which will bring hundreds of tech companies to Grand Bahama. This was one of their first recommendations and we are implementing one of their first recommendations.

“The committee also recommended that this conference take the form of a venture conference, to establish The Bahamas as a global player in introducing venture investors to seed stage and early stage companies. Basically, putting the entrepreneur and the investor together and seeking to make and build relationships.”

Further, Thompson noted that the BBCC will provide The Bahamas, particularly Grand Bahama, with an opportunity to present itself to the world as a jurisdiction that has an established framework as well as financial and immigration policies that are favourable for technology and FinTech companies that want to incorporate and be domiciled here in The Bahamas.

Some of the topics to be discussed include: The Technology Sector of The Bahamas is Open for Business; Why Should we Invest in The Bahamas; A Global Perspective on Regulatory Framework for CryptoCurrency and ICOs; and What Does the Future Look Like for Blockchain, CrytoCurrency and FinTech Solutions.

“We also anticipate that this conference will serve to present Freeport, Grand Bahama, as an ideal location to establish offices and global headquarters for new technology companies.”

Featured will be “high powered” speakers, even one or two of Forbes’s CryptoCurrency Billionaires list, he said.

“The government also believes that it is critical to not only talk about Grand Bahama and all we have to offer, but to open our doors and welcome the global community to see for themselves and dialogue with the local business community.”

The event is expected to have an immediate impact on the local economy with the filling of hotel rooms, use of taxi service, restaurants and tours among other things.

Thompson noted that it is important that the island show the visitors why Grand Bahama is the right place to invest.

“Grand Bahama is open for business and we welcome our international business representatives to discover what our island has to offer.”

He encouraged Bahamian business persons and aspiring entrepreneurs to be a part of the conference.

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This article was written by Robyn Adderley, Bahamas Information Services.