A majestic technological spectacle with LED-screens, multimedia panels, and the posh feeling of Middle-Eastern luxury. These were, of course, not the only components of the World Blockchain Summit in Dubai, but definitely made the event stand out amongst its thematic equivalents. Denis Polulyakhov and Oleg Ershov, Managing Partners at MARK.SPACE presented their platform in the City of Gold to meet potential investors, get inspired by other technological know-hows and to establish strategic partnerships. Here are the highlights of their trip.

UAE — A Fountain Of Opportunities

The UAE is a very high-tech location. The local mentality entails the urge to be pioneers, which can be seen from their unmanned trains, world’s highest standing buildings and city infrastructure. Dubai, in particular, is currently the financial capital of The Middle-East, which means practically everything there technologically advanced. Management of large capitals, transactions and various instruments for investors — that’s what it’s all about. The World Blockchain Summit, which was held October 24–25, 2017, aimed to show how the blockchain technology can be applied within these and many other industries.

Something worth mentioning is that Dubai’s government wants to fully power their city’s infrastructure by the blockchain by 2020. Denis, convinced that the blockchain fits the FinTech concept really well, mentioned: “We would be missing out by not presenting MARK.SPACE in Dubai, even more so because the blockchain is just one the building bricks of our platform”. As the CBDO himself explains: “On one hand, our platform is a self-contained ecosystem, on the other — it is open to developers and various modules. We view all event visitors in Dubai as potential users who will saturate our platform or, eventually, become our partners”. It’s probably the desire to be the first and the maximalism which are elements that drew MARK.SPACE to this region, because the team is also quite ambitious.

VR & Blockchain For The Win

Unlike VR, Blockchain technology is understandable, clear, and decisive in procedural aspects. “VR is a completely different story”,- says Oleg, “you have to really think about the use cases and how to apply them. It’s quite difficult to come up with them on your own. Problems should always be viewed in the context of the project or a specific platform”. And Oleg’s right. In real life, we often tend to solve our issues one-sidedly. We solve specific problems with specific tools, to later move on to the next ones. The problem is that no one is looking at the situation as a whole. MARK.SPACE approaches cases in their entire complexity, where it portrays the practical applications of VR. This, in turn, makes it possible to get financial returns on investments. For the time being, MARK.SPACE is the only platform that can offer this to its investors and users.

Another great application for VR in Dubai is the real estate market and everything that has to do with it. The city is rapidly growing and developing, which is evident from the modern buildings, high speed lifts and architectural facade and panel systems. “The locals love everything new and high tech”, says Denis, adding: “Real estate is absolutely one of the biggest market in Dubai. They build a lot; they sell a lot. They go the whole nine yards to lure offices of large international companies so that they open their HQs there”. The trend Denis describes is a logical one, if taking into consideration that Dubai is the center of The Middle-East. One can even say it is the crossroads between Asia and Europe. The region is home to a lot of real estate, which needs to be developed and, of course, sold. The colleagues noticed that the event attracted many locals who were already familiar with the VR business. “The first thing they spoke about was the virtualization of real estates and how they will be able to manage and sell them on our platform, which was a great indicator”, says Oleg.

When East Meets West

Having presented MARK.SPACE at a lot of thematic conferences (Spain, UK, Russia, Kazakhstan, Austria), Oleg and Denis unanimously told that the World Blockchain Summit Dubai was organized really well, and was the most high-tech and accommodative for the exhibitors as well as for the visitors. The press-wall, for example, was not printed — instead it was presented on a huge LED screen, containing all the participants’ logos. “Everyone was welcomed in a very nice way”, shares Oleg. “The stage had multimedia LED panels and all participants got their own plasmas, which they could freely use to present their projects”, he adds.

Another positive organization detail was that the technical issues that the exhibitors faced were resolved with the speed of light (provision of wires and adapters, for example). The conference attracted a great number of visitors, many of them locals, which really gave the entire event a truly cultural touch.

Dubai is a city that perfectly understands where it stands. It understands the lack of resources that other placed are fortunate to have, so that they develop what they can — tourism and FinTech, with IT being priority number one. Denis adds: “They use modern-day technology, staying true to their traditions and culture. Really an East meets West kind of story where the education level, preparation and general understanding of the technologies we’re promoting is really, really high”.

A Star Was Born

A noticeable trend — our civilization is heading towards sharing, saving and erasing borders as a whole. The Dubai World Blockchain Summit saw a lot of interesting speakers, many from UAE. The MARK.SPACE team had the opportunity to meet representatives of the Financial and Real Estate sectors, as well as Science institutes. Denis and Oleg came to see some very interesting projects, from blockchain-powered solar panels to decentralized gaming platforms and VR Zoos. One project stood out from the rest, however.

Confideal, a project that MARK.SPACE got to know earlier during the Blockchain Solutions Forum in Barcelona, was something that caught the entrepreneurs’ eye, again. A designer of smart contracts — Confideal comes with a great concept that allows everyone to set up a smart-contract without knowing even the basics of Solidity or Java. In Oleg’s own words: “We thought — how do we give our platform’s users more convenience? Freelancers who don’t write code but have great ideas are just one example.” A visual smart-contract editor, like the one presented buy Confideal, was exactly what MARK.SPACE needed. By integrating Confideal codes, MARK.SPACE could technically improve their existing platform… After some discussion, a strategic partnership was born, right there in Dubai. A nice “souvenir” to bring back from the Golden City, don’t you agree?

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