With rapid advancement in AI and blockchain, there are opportunities to leverage blockchain’s security and transparency features. It can enhance the reliability and trustworthiness of AI systems and data transactions.

On 31 October 2024 at 10:00 am GMT, the new virtual Blockchain & AI Expo explores the convergence of these advancing technologies. It will cover how blockchain and AI can synergistically drive innovation, optimize operations, and foster strategic growth opportunities.

## Why attend

This event offers a unique platform for global senior professionals across the blockchain and AI industries to develop their knowledge to facilitate informed decision-making and give businesses a competitive advantage in the growing technological landscape.

The comprehensive agenda features thought-leading sessions led by experts at the forefront of the evolving fields. Presentations are set to explore the fusion of blockchain and AI, opportunities and challenges, real-world applications, ethics, innovations in environmental sustainability, and more!

## Featured speakers

Industry leaders confirmed to share their expertise include: 

* Jeff Lunglhofer, Chief Information Security Officer (CISO), Coinbase
* Andrea Prazakova, Senior Vice President, Mastercard Foundry EEMEA
* Alex Nascimento, Managing Director, 7CC - Blockchain Investment
* David Palmer, CPO Pairpoint by Vodafone IoT and Web3 Platform, Vodafone
* Pankhuri Bansal, Blockchain & AI Expert, United Nations

With more to be confirmed soon! 

## Networking opportunities

In addition to carefully curated content, attendees can engage with CTOs, CIOs, Developers, Data Scientists, Product and Project Managers, Investors, Entrepreneurs and many others to build their network and showcase their latest blockchain technologies.

Whether you're an experienced blockchain and AI professional or a newcomer, the virtual Blockchain & AI Expo 2024 offers an unmissable opportunity to explore how these vital technologies are shaping our global future and uncover unprecedented opportunities for business growth and development.

### Register for free 

For more information and to secure your free place, visit <https://www.blockchain-expo.com/>.

**Marketing Contact:** 

Emily Pritchard

**Marketing Manager, Blockchain Expo**

emily@techforge.pub

Ready to join the coolest virtual party in town? See you there! 🎉

Explore The Synergy Of Blockchain And AI At The Virtual Blockchain & AI Expo 2024

[Coinfest Asia 2024](https://coinfest.asia/) was successfully held in Nuanu City, Bali, on August 22-23, 2024. As the largest crypto and Web3 festival in Asia, the event attracted over 6,000 participants from various countries, marking a pivotal moment for the Web3 industry in the region.

Kasan, Head of the Commodity Futures Trading Regulatory Agency (BAPPEBTI), underscored the significance of Coinfest Asia as a leading platform for crypto asset industry stakeholders to exchange knowledge, collaborate, and foster innovation.

"Coinfest Asia serves as a crucial platform for industry players to share insights, collaborate, and explore innovations in blockchain and Web3 technologies, all of which are vital to strengthening the national crypto asset sector," Kasan stated.

Now in its third edition, Coinfest Asia has experienced impressive growth, with a 50% increase in annual participants—from 2,000 attendees in its inaugural year in 2022 to 4,000 in 2023, and surpassing 6,000 in 2024.

According to Felita Setiawan, the notable growth this year was driven by the increasingly favorable conditions within the Web3 and crypto industries.

“This year, the market conditions are significantly more positive, and participant engagement has been markedly higher. We introduced more interactive panel sessions, enabling direct interaction between attendees and speakers. Additionally, the event was designed to be more immersive, incorporating activities tailored to various audiences, including gamers and developers,” remarked Felita Setiawan.

With the theme "Where Innovation Meets Adoption," Coinfest Asia 2024 successfully brought together over 150 global experts in crypto and Web3, hosted 100 panel discussions, 100 side events, and facilitated the formation of more than 25,000 meaningful connections, fostering business opportunities and innovation.

The event also provided a unique opportunity for global Web3 companies to assess Indonesia's potential within the global Web3 landscape. Companies such as Internet Computer, Manta, and Pendle expressed admiration for the enthusiasm and rapid growth of Indonesia’s Web3 ecosystem.

Dominic Williams, Founder & Chief Scientist at DFINITY Foundation (Internet Computer), commented, "The caliber of Indonesian developers is among the highest globally—this was an unexpected discovery. We are extremely optimistic about Indonesia."

Victor Ji, Co-Founder of Manta, shared his perspective: "I am very optimistic about the community here. They are deeply invested in the user experience and the products they build."

Anthony, Head of Growth at Pendle, echoed this sentiment, adding, "The growth of Web3 in Indonesia is clearly evident, reflected by the vibrant energy I witnessed at Coinfest."

## Coinfest Asia Goals and Vision for the 2025 

2025 is anticipated to be a transformative year for the crypto industry, particularly in Indonesia. Beginning in January 2025, the Financial Services Authority (OJK) will assume regulatory oversight of the crypto industry from BAPPEBTI, a shift expected to foster a more conducive and stable environment for the crypto and Web3 sectors.

As the adoption of blockchain and crypto technology continues to accelerate globally, Coinfest Asia 2025 will return with a focus on addressing critical industry challenges, including advancements in Real World Assets (RWA), Digital Identity, AI in blockchain, and navigating increasingly complex regulatory landscapes. Additionally, Coinfest Asia 2025 will serve as a stage for significant announcements from leading crypto projects, poised to drive substantial industry developments.

Felita Setiawan remarked, “Coinfest Asia 2025 aims not only to double this year’s participation but also to elevate the event to new heights. We intend to introduce enhanced interactive experiences, welcome more global industry leaders, and expand networking opportunities to accommodate the growing demand for and relevance of Web3 technologies in Asia.”

## About Coinfest Asia

Coinfest Asia is the largest global festival dedicated to crypto and Web3, uniting industry leaders, innovators, and communities to engage, learn, and collaborate on shaping the future of Web3 technologies. Held annually in Bali, Coinfest Asia continues to serve as the premier platform for expanding the industry's reach and strengthening its ecosystem within the region.

Coinfest Asia 2024 was proudly supported by over 60 sponsors, including Polkadot, Mandala Chain, Coinstore, OKEx Wallet, CoinTech2u, CFX, Aptos, Haqq, Google Cloud, Ripple, Indodax, Tokocrypto, Pintu, Triv, Cloudmile, MEEET, Staynex, W3GG, BRI Bank, Bitget, and many more.

Read more about this incredible conference!

Coinfest Asia 2024 Surpasses Records, Aims Higher for 2025

## Introduction

The automotive industry goes through an evolution and blockchain technology is set to define this revolution. This probably stems from the fact that as the automotive environment becomes even more convoluted with complicated supply chains, pervasive compliances, electric and autonomous vehicles, conventional approaches of handling these issues are insufficient. Thus, this growing need has led to the possibilities of blockchain-derived solutions across the automotive industry.

The exponential growth with time indicates the extent of disruption that blockchain technology is expected to bring to the consumer automotive industry. In addition, the application of blockchain goes beyond this view towards the consumer, with even more significant value at the supply-side, with better supply chain management, cost savings from the improved efficiency and compliance as well as security in automobile manufacturing.

## Improving on the Supply Chain Visibility

Perhaps, one of the greatest areas where blockchain can transform automotive is through supply chain. Blockchain technology allows the creation of the common record that is opened to all the members of the supply chain and, therefore, offers the best control and visibility of each stage of the process.

The digital shared record that it creates offers full and accountable documentation of every part and component in a chain from point of sourcing to the point of use thus removing inefficiencies and possible weaknesses. For example, Toyota’s cars recall in 2009 involved 8. US automaker recalled 1 million vehicles due to gas pedals that stuck and or became unresponsive, which was capitalized at about $2 billion. The absence of tools to identify responsible suppliers presented a problem because it was hard to determine which vehicles were involved and, thus, the crisis entailed considerable expenses. 

A study that was conducted on workers across the supply chain revealed that more than a third of them applied blockchain with the view of cutting costs. Since the supply chain pro tool comprises a tracking system which has been elaborated through the use of blockchain and its potential for precise record-keeping and provenance, every product which was tracked in this system has the history, telling where it has come from and where is located now.

It also assists in identifying fraud cases and to avoid counterfeit parts that may be in the line of supply. It can be modified with the help of incorporated sensors in the parts or fixed RFID tags and even safe QR codes to preserve the integrity of the supply chain.

The following recommendations are in a bid to ensure that fairness and compliances are uphold in motorsports:

The automotive world which is largely associated with the consumer market is also going to be changed with the help of blockchain technology and here the market concerns the world of motorsport. Some essential areas where the application of blockchain technology gives a boost to preserving fairness and compliance concern motorsports.

Such a procedure as the targeting of car specifications and setups on a blockchain make it possible for the officials to easily check compliance with rules; this erases the need for long post- race inspections that currently leads to many hours of gapping before the winner is announced. Many of the compliance checks and balances can be conducted real-time throughout racing events to ensure that any breaches are noted, to maintain credibility of the race.

Furthermore, the logged data is an important data source by itself and must be made readily accessible with accurate and secure entries during a race to the race engineers. Use of blockchain guarantees that collected data is safe and has not been tampered with so as to help engineers to make adjustments based on performance indicators in real time.

## Overcoming Challenges and Risks in Blockchain Implementation

Challenges and risks are always inevitable when transitioning to the use of blockchain technology; however, they have to be addressed and mitigated in order for the change of process to be effective.

Thus, despite the advantages of blockchain technology in the automotive sector, its application is not based on the application of failsafe recipes. It is important that participants in the automotive industry are aware of these challenges so that they can work at preventing them from becoming issues that hinder the use of this disruptive technology.

The first of them is the change of organizational culture, which is arguably the biggest barrier to large-scale adoption of innovation. The usage of blockchain technologies requires new qualitative changes in the industry that lays a focus on skills, you are hiring new profiles and training existing staff to work with them familiarizing with the new technology and its usage.

The initial cost that are invoked with the implementation of a blockchain system can also be high including IT infrastructure, new system hardware and software. Of course, these investments yield important expenditures beforehand, which can be not only intricate and demand more resources.

But these over cause long-term returns of investment and productivity enhancement from the application of blockchain to outstrip these cost expenditures in the long-run. It is this shift and need to want to give up those ‘classic’ vertically integrated closed shop approaches and adopt more open, collaborative structures. The non-adaptive companies will be left stranded while those firm that take the lead will have a first-mover advantage.

## Conclusion

Automotive industry will never be the same again as blockchain revolution takes over it in the following ways. Transferring data in a more efficient and timely manner to implementing fair strategies and accurately awarding penalties in motorsports, this technology will disrupt the said industry in the future.\
\
By recording car specifications and setups on a blockchain, race officials can quickly verify rule compliance, reducing the need for extensive post-race inspections. Continuous compliance monitoring during races can further uphold the integrity of the competition, while secure and accurate data logs empower race engineers to make informed strategic decisions.

Ready to make a leap into the future? Read our new article! 🏁🔗

Under the Hood of Innovation: How Blockchain is Changing the Auto Industry

Coinfest Asia, the biggest Web3 festival in Asia, returns on 22-23 August 2024 for its third edition. Coinfest Asia will present many exciting activities in Nuanu City, Tabanan, Bali.

Nuanu City is a sprawling complex with 17 immersive areas and 1 charming beach club directly connected to the beach. Nuanu is designed as a location where all areas are integrated and easy to reach. Each area in Nuanu City used by Coinfest Asia is designed to provide an immersive experience that strengthens interactions and connections between the thousands of participants in attendance.

It is projected that Coinfest Asia 2024 will have 6,000 participants from various countries. This event will also feature 150 Web3 industry figures and various well-known brands from the Web3 ecosystem.

Carrying the slogan “Where Innovation Meets Adoption,” Coinfest Asia offers an opportunity for the industry to expand its ecosystem in the crypto-friendly Asia region and for retail investors to discover quality Web3 projects.

## Series of Activities at Coinfest Asia 2024

In its third edition, Coinfest Asia 2024 presents the ETH SEA Hackathon, designed to encourage innovation and provide a platform for developers to showcase their skills and creativity in Web3 technologies.

“We are holding this ETH SEA Hackathon to promote innovation and showcase developer skills in Web3 technology. This event encourages collaboration, pushes the boundaries of blockchain technology, and gives birth to innovation, which ultimately increases adoption," said Felita Setiawan, Director of Indonesia Crypto Network, the parent company of Coinfest Asia.

ETH SEA has opened registration, which will run from July 1 to July 20, 2024. The hackathon is supported by Lisk, Manta, Haqq, and Aptos, with a total prize pool of US$50,000.

In addition to the ETH SEA, Coinfest Asia will host a variety of exciting activities across 17 different areas, including the Main Venue, Main Stage, Alpha Stage, Breakout Area, Exhibition Area, Title Area, Bull Cave, Gaming Area, Gelato Cave, Food Station, Community Grounds, Community Village, Startup Village, Warehouse After Party, Builders Hut - ETH SEA, Amphitheater, and Beach House.

Moreover, Coinfest Asia 2024 will present dozens of supporting events, including the Indonesian Blockchain Conference organized by the Indonesian Blockchain Association.

## Coinfest Asia Presents More than 150 Speakers

Notable speakers at Coinfest Asia 2024 include Zhu Su (Advisor at OX FUN), Wei Zhou (CEO of Coins.ph), Gracy Chen (CEO of Bitget), Miguel Moorcraft (Chief Staff of Star Atlas), Oleg Fomenko (Co-founder of Sweat Economy), Dan Anthony (Head of Growth at Pendle), Yoann Franck Turpin (Co-founder of Wintermute), Mokas (BONK), Yudhono Rawis (CEO of Tokocrypto), Jeth Soetoyo (CEO of PINTU), Oscar Darmawan (CEO of Indodax), Brenda (Web3 Educator),  Angga Andinata (CEO of Belajarbitcoin.com), and many more. 

Coinfest Asia 2024 is supported by Aptos, Google Cloud, Ripple, Tokocrypto, Triv, Cloudmile, Nettensor, Bitget, Bitwyre, Pintu, Polkadot, Mandala Chain, CFX, OKX, and many more. Opportunities to become a sponsor are still open; please visit the [Coinfest Asia sponsor page](https://coinfest.asia/get-involved/sponsorship).

Currently, Coinfest Asia tickets can be purchased via the Coinfest Asia website, so what are you waiting for? Buy [Coinfest Asia tickets now!](https://coinfest.asia/)

## About Coinfest Asia

Coinfest Asia is an annual crypto, Web3, and blockchain festival organized by Coinvestasi. Every year, Coinfest Asia is packaged with a unique theme adapted to the latest developments in Web3 technology.

## About Coinvestasi

Founded in 2017, [Coinvestasi](https://coinvestasi.com/) provides daily informative and creative content for crypto and blockchain enthusiasts in Indonesia on Coinvestasi.com, YouTube, Instagram, and daily discussions on Twitter, Telegram, and its Discord community. Coinvestasi is part of the Indonesian Crypto Network (ICN) media group.

Join Asia's biggest Web3 festival on August 22-23 in beautiful Bali! 

Coinfest Asia 2024: Dive into Web3 Innovation Across 17 Immersive Areas

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