On February 12th in the Mongolian capital of Ulaanbaatar, the Mongolian Government, cryptocurrency exchanges, blockchain projects, and other key players in the blockchain and cryptocurrency fields gathered and attended the 2019 UB UNCHAINED Blockchain and Cryptocurrency Conference (now referred to as only UB UNCHAINED Conference). The UB UNCHAINED Conference was hosted by the Mongolian cryptocurrency exchange platform Bit Mon Ex, the global cryptocurrency exchange with one of the largest trading volumes in the United States Bittrex, the blockchain platform for a sustainable DApp ecosystem FLETA, The Business Council of Mongolia, and the Mongolian Blockchain and Cryptocurrency Association.

The UB UNCHAINED Conference was attended by around 150 key Mongolian political and economic figures are attending to include the Deputy Minister of Finance in Mongolia, Bulgantuya Khurelbaatar. This was the first time for Mongolian government officials to attend a blockchain and cryptocurrency related event. On the topic of ‘Digital Tranformation, the Deputy Minister Mongolian Ministry of Economics, Bulgantuya Khurelbaatar stated the government’s opinion that blockchain technology can offer a new direction that would apply to the whole society and reform traditional society’s organization. The Mongolian government and companies are currently experiencing a rapid change in regard to new technology and digital industries.

Bittrex’s director of business development Kwon Park, the chairman of Bit Mon Ex Unenburen Ulziiburen, FLETA’s director of marketing strategy Bina Cho, the chairman of the Business Council of Mongolia Byambasaikhan Bayanjargal, the chairman of LendMN Gantulga Bulgan, Co-Founder & Chairman of Infinite Solutions Gabit Bazar, and the CEO of Revolution Development Asia Dustin Rawlins were all speakers.

The blockchain platform FLETA received a lot of attention for their core technology innovations to include their PoF Consensus Algorithm, Block Redesign, Independent Multichain Structure, LEVEL Tree Validation, and Parallel Sharding. Many people were also impressed when introduced to the FLETA platform’s Formulator mining node core business model.

Bittrex and Bit Mon Ex also celebrated their partnership while at the UN Unchained Conference. Through the partnership Bit Mon Ex has the help of Bittrex’s technology and has access to all cryptocurrencies that are available on both the Bittrex and Bittrex International platforms, which means they are able to offer their customers one of the largest selections of cryptocurrencies.

Also, the day before the UB UNCHAINED Conference opened on February 11th, FLETA Bit Mon Ex signed a MOU in Ulaanbaatar. Through this agreement both companies will advance as a global platform and exchange by sharing in various disciplines to include technology, marketing resources, and networks