Upbit Exchange Hosts First Blockchain Developer Conference for September 2018
Largest Blockchain Conference to Date
Upbit, South Korea’s largest cryptocurrency exchange, will host a developer conference in September, the company announced.
According to the event’s official website, the Upbit Developer Conference 2018 will last from September 13 to 14 and will take place on Jeju Island.
Dunamu Inc., the South Korean company behind crypto exchange Upbit, said the event would be focused on promoting the latest blockchain technology. The company marketed the event under the slogan “Proof of Developer” and plans on growing the platform into a specialized, annual forum.
“UDC 2018 aims to become a developers-focused community platform where guests can meet practical knowledge and the latest trend in the blockchain,” said Dunamu CEO Lee Sir-goo.
A representative for the company also added that as more and more real services that use blockchain are being introduced into the market, the interest is rising in developers who are at the center of those technologies.
ZDNet reported that the event would follow topics such as blockchain-based content platforms, scalability, stable coin, security and smart contracts, cloud computing, and peer-to-peer based blockchain services, decentralized apps, and token technology.
Global Heavyweights Coming to the Conference
The Upbit Developer Conference has the potential to become in the future one of the most significant events of this type in the world thanks to the number of world-class speakers it will host.
Some of the global heavyweights already confirmed in the world of cryptocurrency and blockchain include Bill Shihara, founder, and CEO of Bittrex, Mike Belshe, CEO of BitGo, Da Hongfei, founder of NEO, Ned Scott, co-founder, and CEO of Steemit, Jason Goldberg, CEO of OST, Li Jun, Founder of Ontology, and Chen Zhuling, co-founder of Aelf, among others.
While an official program schedule won’t be available until the end of August, the event will hold several technical sessions, keynote sessions and networking dinners with developers and investors.
UDC Continues Dunamu’s Growth Spurt
Dunamu, the company behind Upbit, is the social trading affiliate of South Korean chat giant Kakao, which owns around a 10 percent stake in the company. Apart from Upbit, Dunamu also runs Kakao Stock, a mobile securities trading service.
Kakao also owns and operates Ground X, which acts as its blockchain subsidiary. Ground X works closely with the Seoul municipal government on social impact projects.
In March 2018, Dunamu announced that it plans to invest over 100 billion won ($92.5 million) toward blockchain technologies over the next 3 years.
The Upbit Developers Conference perfectly aligns with its vision and comes after the company announced a surplus of cryptocurrency and cash reserves at the beginning of August.
According to The Investor, the company’s cryptocurrency reserve ratio stands at 103 percent of total deposits made by customers with cash reserve ratio of 127 percent.
“We hold excess amounts of cryptocurrency and cash reserves than what we have to pay our customers,” said Dunamu CEO told The Investor. “This indicates we can pay whenever our customers wish to (withdraw).”