bahamas blockchain
cryptocurrency-event-2018

Blockchain Conference to Be Held in the Bahamas

On June 20th, the Bahamas will be hosting a cryptocurrency and blockchain conference, which will be at the Grand Lucayan resort. To show the interest that the country has in the industry, the conference was confirmed by the Minister of State for Grand Bahama, Senator Kwasi Thompson himself.

In the announcement from Senator Thompson, he expressed his desire that locals sign up to attend the event, due to the investment opportunities that are exclusive to the crypto industry. The event is welcomed by the island, and the Prime Minister is scheduled to open the event. The results that come from hosting the conference will play a major role in how the Bahamas decide to take part in this multi-billion-dollar industry.

The people who are scheduled to speak at the event come from all over North America, including Los Angeles, Houston (Texas), New York, and Canada. There is no admission fee to pay, which is a decision that will hopefully promote more inclusion from citizens in the area. In a report on Monday, Senator Thompson said,

“The government has been very focused on ensuring that we progress with our tech hub initiative.” He continued on to say, “We believe in this initiative. We believe that this is going to do wonders for Grand Bahama. Direct benefit with this initiative has already been seen.”

Due to these inclusions, GIBC has already hired 25 workers, but plan to double that number soon. Because of the positive reaction that the public has expressed, the government is in support of this conference, and wants to encourage consumers to get involved. He calls the move a “marketing tool,” adding that,

“Again, it is a marketing tool to allow the world to know that Grand Bahama is open, open for business and it is about diversifying our business here in Grand Bahama, which ultimately means providing more improvements to our economy and providing more jobs for Bahamians because, that really is the focus of this government.”

Other government officials also are in support of the crypto event, like Investment Officer in the Office of the Prime Minister (OPM) Omar Isaacs. Isaacs released his own statement, saying,

“A lot of people have really looked towards the cryptocurrency portion of this, but we want to focus on the blockchain technology that allows for cryptocurrency to be exchanged.”

He also explained how other government officials will be attending the conference to encourage companies to get involved. Isaacs expressed, “In addition to that, after they would have struck those deals, our investment officers will be right there with them to help them make that transition to bring their base of operations here to Grand Bahama.”

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