Blockchain and Token Summit to Take Place in Dubai

The Summit will bring together more than 40 speakers, hold more than 8 networking sessions, concentrating on blockchain and cryptocurrency use cases
02 March 2018   446

Blockchain and Token Summit will take place in Le Meridien, Dubai on March 4 - 5, 2018.

Dubai is looking to completely integrate its government sector using blockchain technology in order to increase efficiency, transparency, and openly transform its economy on its immutable openly accessible public ledger as Dubai’s most important experiments into the fintech realm. 

World Blockchain and Token Summit will bring together a range of local and international speakers to discuss blockchain and cryptocurrency use cases, the regulatory environment, technology hurdles and opportunities in innovation and disruption that can be leveraged using this technology.

World blockchain and token summit DubaiBlockchain and Token Summit in Dubai

Headline speakers at the Summit will include Dr. Sohail Munir (Director for Smart City Enablement Services at Smart Dubai Government), Robby Schwertner (Blockchain influencer, Crypto blogger), Utpal Nath (President Dubai Chapter, Government Blockchain Association), Koen Lukas Hartog (Program Manager, Dutch Government), Dr. Carlos Domingo (Managing Partner, Spice VC), and many more.

7 Accounts blocked by EOS BP without Going an Arbitration

EOS is facing another issue just days after its mainnet activation, as the newly elected block producers have frozen 7 EOS accounts on suspicion of being stolen
19 June 2018   50

The backlash began as the block producers did go over arbitration, an integral part of the EOS’s governance system. The critics are certainly questioning the credibility of the project. Jackson Palmer, the creator of Dogecoin and a well-known person in the blockchain industry, questioned the very governance process constructed by EOS and the role of EOS Core Arbitration Forum (ECAF).

The structure of EOS’s governance has been parted into 3 distinct groups - block producers, arbiters, and token holders. This separation resembles the executive, constituency, and judicial, of any governed system respectively. 

On 17 June 2018, the top 21 Block Producers unanimously agreed to protect property that may have been compromised through phishing attacks or other scams where member’s private keys were compromised. The EOS911 initiative was created by EOS42 as a way to prevent victims of private key theft from having their tokens lost once the 72-hour unstacking period ended following the EOS Mainnet Launch. Once that period ended, the thieves would be free to transfer the tokens wherever they’d like, rendering futile any recourse available to the community at this time.
EOS New York, in their recent post

So, in this case, the block producers did not go with the arbitration, rather they only conferred with them. Then the post added:

Foreseeing the process that would be required to act, EOS New York, on a call with BPs and BPCs, requested an expedited review of the merits of the case from ECAF (EOS Core Arbitration Forum) who was also on the call. The idea was that if ECAF found merit in the evidence provided, a formal ruling from ECAF would ask the BPs to “freeze” the accounts in question until such time that a thorough and formal review of the claims could be completed.
EOS New York, in their recent post

This is not the first problem EOS is facing amid its mainnet activation, as within 48 hours of that, the network suspended because of some bug. Though the error only led to a 5-hour network blackout, that is surely not something the team would have expected.