The Ministry of National Security will be hosting a very special town hall meeting this Thursday, May 31st – Blockchain for Beginners.
This free public event will take place at the Pier 6 complex on Front Street, in the City of Hamilton at 6pm.
Speaking at a news conference today, Minister Wayne Caines said: “It is no secret that this Government has made a significant impact on the world stage with our bold entry into the world of Fintech.
“We have attracted the best and brightest in the blockchain sphere to Bermuda with early stage MOU’s and investments totaling over $20 million dollars.
“We have garnered significant international media coverage of our innovative approach to this industry – and we have led the charge for Governments the world over.
“We have set the stage so that local tech-re-preneurs such as Trunomi, can partner with international blockchain behemoths such as Shyft international. We are pleased that the Compliance Headquarters of the largest digital exchange, Binance has now chosen to be domiciled in Bermuda.
“What’s more we have secured solid commitments to build out Bermuda’s technology education infrastructure over the short to mid-term,” he added.
In a bid to “close the circle, and connect with everyday Bermudians who may not be au fait with the power and potential of Blockchain, Fintech and the world of Digital Assets’ he said the town hall meeting is an “open event that will serve as an introduction to the world of Blockchain as it relates to Bermuda and Bermudians in particular”.
With a “lineup of industry experts who aim to break down blockchain for the masses” he said: “We will explore the basics of the technology with Bermuda tech guru, Richard Augustus.
“Startup Founder and Bermuda Business Development Agency consultant, John Narraway will join the panel sharing his insights into the new technology. Glenn Simmons, a young blockchain enthusiast will share his perspective on the potential opportunities and impact of the technology for Bermuda.
“We will explore what the Digital Asset Business Act, scheduled for debate in the House on Friday June 1, will mean for the island and answer questions that the public may have. Thaao Dill of the Bermuda College, will act as our moderator for the evening,” said Mr Caines.
“It is difficult to restrain my enthusiasm for what this emerging industry will mean for Bermuda, our economy, the local job landscape and of course for our education and our young people. But beyond that…Fintech Bermuda seeks to be the epicenter of the global Fintech ecosystem.
“We have learned that Blockchain technology is more than just a revenue generator, it is a tool to change the world, provide access to resources, assets, and empower individuals.
“With our strategic plans for the industry, we seek to create a space, a whole island innovation hub that will create solutions that positively impact our world.”
The Minister concluded: “Again, we invite you to join us this Thursday, at Pier 6 at 6pm on Thursday for an engaging, interactive meeting with industry experts that we hope will expand your understanding of Blockchain for Bermuda.”