W-Foundation Participates At Deconomy As Official Partner

Proud partners of Coinbeat, W-Foundation recently participated at the Deconomy Forum which took place in Seoul, South Korea from the 4th-5th of April 2019.

The Deconomy Forum (Distributed Economy Forum) is a global blockchain industry conference which showcases innovative developments and updates from key industry proponents. The forum also provides forecasts on the future of the blockchain industry and digital assets IE cryptocurrency. The forum came to a successful close on April 5th after two days of intensive and at times contentious discussions. This year’s forum in one of the world’s key blockchain hubs Seoul saw W-Foundation participate as the event’s Official Partner and Sponsor.

W-Foundation is a non-profit entity whose endeavours are focused on driving the use of blockchain technology for social good and social impact. During this year’s forum, W-Foundation showcased one of its core projects, W Green Pay (WGP) which is a widely cited use case for the leveraging of blockchain technology for social impact. WGP is a blockchain token and the native reward system for public participants contributing to W-Foundations HOOXI campaign.

What Is HOOXI?

The HOOXI campaign is W-Foundation’s campaign for global nature conservation. Users of the HOOXI app are rewarded with WGP tokens for performing various greenhouse gas emission reduction mission. Should you want to join in and start earning rewards, the HOOXI app is currently available for download on both the Google Play Store and the App Store.

Deconomy 2019:

On the first day of the two-day event, CEO of W-Foundation, Youree Lee was a moderator for the ‘Survival of Crypto Funds and Their Market Predictions’ panel. The panel, which was featured Jason Fang of Sora Ventures, Remington Ong of Fenbushi Capital and Jehan Chu of Kenetic Capital, highlighted the various roles and perspectives of crypto-focused investment institutions currently in operation in the cryptocurrency market.

Furthermore, W-Foundation also played host to two of Deconomy’s official VIP parties held on the evening of the 4th and 5th. In addition to this W-Foundation also hosted the Deconomy Official After Party which carried on late into the night on the 5th.

A diverse group of industry proponents gathered for the forum and participated in many heated debates, speeches and announcements over the two days. The 1st day was focused around Money in the industry and the 2nd day was all about technology. Notable global cryptocurrency luminaries included were Andreas Antonopoulos, the coder, entrepreneur and author of ‘Mastering Bitcoin’, Changpeng Zhao, the CEO of Binance, Vitalik Buterin, the founder of Ethereum. In addition to these influential figures was Nouriel Roubini, an economist, professor at NYU Stern and noted crypto-skeptic,  who joined the forum to discuss the future of blockchain technology and cryptocurrencies.

Other notable headlining participants included  Joseph Lubin, the co-founder at Ethereum and CEO of Consensys, Phil Zimmermann, the creator of PGP (Pretty Good Privacy), Jochen M. Schimittmann, the Head of IMF’s Singapore Representative Office, Francisco Rivadeneyra, a Senior Research Advisor at Bank of Canada, Emin Gun Sirer, a professor at Cornell University, Jeffrey Tucker, a renowned economist of the Austrian School, and many more.

One of the most anticipated panels of the forum, ‘Blockchain Industry and Political Landscape was held on the 4th and included Byung-doo Min, Chairman of Korea’s National Policy Committee, Byoung-gug Choung, Chairman of the Special Committee on the 4th Industrial Revolution of the National Assembly, Hee Kyoung Song, Co-chair at Industry 4.0 Forum of the National Assembly, and Hee-ryong Won, Governor of Jeju Special Self-Governing Province. This bipartisan group of lawmakers and administrators featured on the panel, which was moderated by Ash Han, the founder of Actwo Technologies and organizer of Deconomy, engaged in a constructive debate on the topic of theKorean government’s policies and regulations on the blockchain industry and cryptocurrencies.

The following day saw the press around the globe reporting that one of the participants Representative Hee Kyoung Song, introduced a new bill to the Korean National Assembly. The bill’s objective is the implementation of a comprehensive government policy support for the blockchain industry.

CEO of W-Foundation, Youree Lee, made an astute comment, stating that:

“By bringing together global leaders in the blockchain industry, global finance and economics, Deconomy positioned itself as the premier global forum for the entire industry,”

Lee went on to further emphasized that “W-Foundation was delighted to contribute as the official partner of Deconomy, an event which irrefutably positioned Korea as one of the centers of the global blockchain industry.”

Adding to this, Ash Han, the founder of Actwo Technologies and organizer of Deconomy, said that he was “excited to organize a forum that facilitated the gathering of global leaders across multiple disciplines impacted by blockchain technology,” and that he was “confident that “Deconomy raised the profile of the Korean blockchain industry on the global stage, while also raising the awareness of Korean government policy makers and domestic industry players on the latest examples of thought leadership and innovation in the global blockchain industry.”

We look forward to seeing what the South Korean crypto and blockchain community has to offer and are also excited to see what Youree Lee and her talented and noble team have in store for the future of blockchain and cryptocurrency and the planet as a whole.