Cayman Enterprise City welcomed more than 100 world leaders in cryptocurrency, government, capital markets, and technology to the World Tokenomic Forum’s Annual Summit from May 8 to May 10.
The event was CEC’s second international blockchain conference of the year after the 15th global edition of the decentralization conference “d10e” in January.
“The energy being created by cryptocurrenty and blockchain technology around the world made for exciting panel discussions, working sessions and invaluable networking opportunities,” said CEC CEO Charlie Kirkconnell.
The World Tokenomic Forum featured a competition of 137 blockchain companies of which 16 qualified for the finals in Cayman. Invita Health, a career platform for medical professionals, will receive US$250,000 worth of development services, advisory work, exchange listings, membership services, and an all-inclusive package from CEC’s Cayman Tech City for its grand prize-winning pitch.
“Cayman is leading the way as one of the world’s major hubs for blockchain technology and through events like d10e and the World Tokenomic Forum we’ve set out to attract the right businesses here; businesses who are passionate about creating an efficient, prosperous, and transparent global economy,” Mr. Kirkconnell said. “Cayman Tech City is a vibrant community of innovative companies and entrepreneurs from across the globe. It is therefore vital that we support initiatives like the World Tokenomic Forum as we continue to develop this significant tech cluster in the Cayman Islands.”
Cayman Tech City is seeing a marked increase in cryptocurrency and blockchain companies setting up in Cayman, with close to 25 percent of the total CEC tenants comprising of companies developing or using blockchain technology, CEC said in a press release. In 2018 alone, some 50 blockchain businesses have established or are in the process of setting up within Cayman Tech City.
Mr. Kirkconnell estimates that in five years, there will be more than 500 businesses in the special economic zone, with roughly 60 percent of those operating from within Cayman Tech City.
“We will be breaking ground on our new purpose built 53-acre campus this year and expect to have the first three buildings of phase one completed within five years,” he said. “This is key in creating business hubs that enable like-minded individuals to easily socialize and collaborate.”