The Marketing and Business Development Director for the GBX, Philip Young, was invited to speak at a Blockchain Reserve event at WeWork, South Bank, London earlier this week.

The theme of the event focused on the token sale space, with the meet-up not only discussing upcoming token sales, but also sharing knowledge and teaching the attendees how to navigate the growing token sale space. This was one of the reasons for Philip’s invitation to speak — to discuss and explain how the Gibraltar Blockchain Exchange (GBX) has been building toward a new era in token sales.

Blockchain Reserve are a token issuance advisory firm that offers support throughout the entire token sale process. They have established these meet-up events to share their experience and passion for the innovative and groundbreaking opportunities blockchain technology and cryptocurrency provides.

Philip was first to speak, presenting the GBX’s plans to deliver a new industry standard in token sales; a new standard that would be based on the best practices brought over from the Gibraltar Stock Exchange (GSX).

The best practices and industry standards from the GSX play an integral role in the GBX’s success. Philip explained this journey began with establishing a rules-based system for both the token sale platform, the GBX Grid, and our digital assets exchange that’s being launched soon.

The first step, in helping participants in token sales obtain a high standard of transparency and project analysis, was to bring about new token sale rules. These guiding rules set out the criteria needed for a token issuer to make it to the GBX Grid. Philip explained that the GBX’s first line of defence for only allowing reputable token issuers through the Grid came from our Sponsor Firm Network.

Sponsor Firms are an integral part of the GBX Grid. They are experts in token sales, guiding token issuers through the listing process, whilst analysing the viability of the token project. Our global Sponsor Firm Network only submits applications that have made the GBX Grid criteria. These are then analysed and ultimately approved by the GBX through a rigorous listing process.

One of the other speakers for the evening was Dermot O’Riordan of Orrick Law Firm, headquartered in San Francisco. Dermot talked about his insights into last year’s evolution of the token economy, as well as his own journey as a lawyer guiding SMEs through financing journeys.

The room was a mix of both budding crypto-enthusiasts and those with a greater wealth of experience in this space. Regardless of their level of experience, all those who participated in the discussion throughout the evening agreed that the industry needs institutions like the GBX to bring about new industry standards and best practices.

Philip managed to find a member of the GBX Community at the event, showing that there are Rockers all across the world who support our vision for a new era in token sales. The meet-up was a fantastic environment in which participation from the audience was encouraged, allowing for real discussions around the need for regulations and good governance for future token sales.

A big thank you to the organisers James Poultner and Vlada Bell of Blockchain Reserve who invited Philip to the meet-up.

For more information on future Blockchain Reserve meet-ups, they have created a global community group on Discord where you can talk, interact and join in blockchain-related discussions. Click here for more details: https://discord.gg/q5VzzBa

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