Singapore, 2 November 2021 – Blockchain Association Singapore (BAS) today announced that it will be organising its annual conference, SG Blockchain Day 2021, on Friday, 12 November 2021. The event aims to foster deeper social engagements among global blockchain professionals and corporates, while further enhancing the vibrancy of the local blockchain ecosystem.

As part of this year’s Singapore FinTech Festival Innovation Lab Crawl, SG Blockchain Day 2021 has attracted attention from numerous global blockchain leaders and industry players. The current event agenda consists of more than 30 stellar speakers and industry leaders including the Co-Founder of Ethereum, Vitalik Buterin, and David Shrier, Professor of Practice and Director of the Institutional Digital Assets Project at Imperial College Business School. The event is supported by ecosystem partners such as Algorand Foundation, Oliver Wyman and 80RR Fintech Hub, while blockchain firms including the likes of Chainalysis, Nansen and RegTank will also be gold sponsors of the event.

SG Blockchain Day 2021 will focus on current and emerging developments in the blockchain & digital assets industry as well as its surrounding ecosystems, with a total of seven keynote speeches, seven panels, and a masterclass slated to take place.

Commenting on SG Blockchain Day 2021, Mr. Chia Hock Lai, Co-Chairman of Blockchain Association Singapore, said “The blockchain and digital assets industry in Singapore is well-positioned to grow by leaps and bounds and I hope ‘the SG Blockchain Day 2021’ will serve as a source of knowledge and inspiration for our members and the ecosystem. The event will also serve as a prelude to a multi-day ‘SG Blockchain Week’, a large-scale in-person international event being planned for 2022.This marks the start of many more exciting initiatives to come from BAS which we are earnestly preparing for.”

Recently, BAS also celebrated the overwhelming success of the inaugural Blockchain For Good Non-Fungible Token (NFT) charity auction held in collaboration with the National Trades Union Congress (NTUC) U Care Fund.. Through the generous support of partners such as Singapore Airlines, KrisShop, Ether Cards, and A&A Blockchain, the charity auction successfully raised close to S$400,000 worth of funds to help lower-income union members and their families.

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NFTs have seen a rise in popularity in recent times, dominated by the arts and collectables segments, with sales of these assets rising to more than US$10 billion in the third quarter of 2021, up more than eightfold from the previous quarter[1]. Meanwhile, Total Value Locked (TVL) in decentralised finance (DeFi) protocols reached US$187 billion[2]. According to a Bank of International Settlements (BIS) survey, 86 per cent[3] of central banks are actively researching the potential for CBDC. On the other hand, Out of the top 100 banks by assets under management, 55 have invested, directly or indirectly, in cryptocurrency and/or blockchain-related companies[4].

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