The new money of the 21st Century has arrived: Crytpocurrency

I recently attended the 4^th Annual Fintech and Funding : Velocity event in Toronto on March 5^th and 6^th.  Speakers had come to share insights, strategies and stories on the new monetary phenomenon that has taken the world by storm in recent months. 

Blockchain – Cryptocurreny  - Alternative Investing

March 5^th Day 1

It was held at the old Toronto Stock Exchange at King and Bay. It has been used since the mid 1980’s, such a great place for the leading experts in the cryptocurrency to share they insights to 500+ attendees.

There were keynotes, panel discussions, lunch & learn and ask the expert sessions throughout the day.

Walking around listening and learn throughout the day my skepticism turned to the reality that this new currency was going to change and alter our monetary currency in the few years.

As I continued to walk through the various session I began to hear stories of bitcoin transaction that were already created in selling homes and new companies have started and were succeeding.

There a few books that I saw during the day that dealt with this new digital currency.

1^st  Blockchain Revolution by Don Tapscott and Alan Tapscott

2^nd Cryptoassets:  The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar

I sat and listened to Tony Sabeta from Aird & McBurney LP share a lunch and learn about Unleashing You Blockchain IP Strategy. He shared some basic information how new start-ups were creating money using Blockchain.

As the day continued I met various attendees and exhibitors on various types of cryptocurrency that was available in the cryptocurrency system.

As we headed into the cocktail hour I was continued to meet more exhibitors and speak to some of the attendees and listen to what they learned day-long conference.

They felt more informed and education on cryptocurrency and had the necessary information to continue learning more about it.

March 6^th Day 2

The second day was a short afternoon session that was held at Denton’s one the Gold Partners of the event.

They were four speaking session dealing with a more in-depth education on cryptocurrencies.

Elena Sinelnikova from CryptoChicks shared an amazing powerpoint presentation on Blockchain 101 that the entire audience found very educational and insightful how exactly Bitcoin, Blockchain mechanisms worked

There was also a panel discussion on Regulations, Compliance and Taxes which had representatives from Denton’s Canada LLP & Deloitte Canada answer all sort of questions.

It became very apparent that the regulatory organization in U.S.A and Canada have started to learn, understand and begin to put together regulations to deal with the new cryptocurrencies that are available worldwide

In conclusion I would state the Cryptocurrency has been around since 2012 which has already began to change the way we deal and work with various currencies from credit cards, money and the exchange of business services.

The impact is real and the result is this the following.

Cryptocurrency are the new digital technology of the 21^st Century and have made an impact on how we have done commerce. 

It will continue to evolve and be revolution of money that will begin to dominate and reflect how we value the money we make and the way will spend and invest it moving forward.