Romania Blockchain Summit

On 21-23 June 2019, Sergiu Vasilescu – head of New and Emerging Technologies, was a speaker at the Romania Blockchain Summit, an event organized under the high patronage of the Romanian Ministry of Communications and Information Society together with the representatives of the Blockchain industry and with the participation of the European Blockchain Observatory and Forum.

This was one of the most important conferences in the South-Eastern European region, dedicated to innovative technologies which brought together the public sector, political decision-makers, developers, researchers, global entrepreneurs, leaders and innovators.

In the context of an innovative Romanian start-up environment and a strong blockchain and crypto community, Sergiu outlined the importance of using the blockchain technology in business, addressing two major needs: record-keeping and transacting, based solely on blockchain’s core advantages: decentralization, cryptographic security, transparency and immutability. Also, Sergiu emphasized the fact that blockchain is not to be adopted in every business, as certain industries are inherently more suited to blockchain solutions than others, thus capturing the greatest value by cost reduction: financial services, government and healthcare.