The 29th July was Demo Day for FinTech Startups in Singapore. The biggest event in Asia of its kind!
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Q. Which 2 areas should be next in FinTech?
A. Blockchain (25 votes) and Wealth Management (21 votes).
Q. What is missing in the FinTech ecosystems in South East Asia?
A. [Top 2 answers] Cultural change in large institutions to allow innovation (34 votes); improved regulatory frameworks (24 votes).
And here’s the most important result of all from the survey: the number of first time blockchain users (specifically Nxt blockchain users) in the world has increased!
As it would have been impossible on the day to have arranged for the participants each to have their own funded and activated Nxt accounts so that they could cast their vote using the Nxt voting system, we instead created a wrapper with a PHP application, and used a single account that sent the votes as messages to itself, and another app that counted the votes.
Users accessed the app either via mobile by scanning a QR code or simply by going to http://demoday.live.otdocs.com
It really wasn’t meant to demonstrate a secure method of voting, but rather to take people who had never used a blockchain before for a micro ride into this world, to trigger their curiosity and desire to learn, and maybe kill the “fear of the unknown” that stops so many from getting started with crypto platforms.
The results of the votes can be seen here: http://demoday.live.otdocs.com/#/results
And the last transactions (so people could see the votes recorded on the blockchain as they happened) are visible here: http://demoday.live.otdocs.com/#/transactions
Fun fact supplied by m19 of Nxt Forum:
The guy in the front [2nd from left – click pic to enlarge] is Sajid Javid, Secretary of State for Business, Innovation and Skills from the UK.
Hopefully, Mr Javid will have attended one of Roberto’s presentations and learned for himself how the OTDocs system can remove the potential for international trade finance documentation to be misused in fraudulent schemes that cost businesses around the world billions every year.
‘OTDocs is a license fee free Open Source software tool that provides a platform for certification and compliance to online identities and documents as a mean to facilitate document management and process, respect privacy, and prevent international trade finance frauds.’