Paris Blockchain Week 2024: Highlights of Day 1

The 2024 Paris Blockchain Week kicked off on April 9, and is proving to be truly inspiring. The start of this event was rich in announcements and inspiring speeches. It brings together several personalities from the crypto industry, leading to multiple enriching interventions on important topics. Let’s discover the best moments of the first day.

The Bright Future of the Crypto Industry

The question of the future of the crypto world remains a captivating subject. From this first day of PBW, Brad Garlinghouse shared his optimism for the future of the cryptography industry. According to the CEO of Ripple, this ecosystem “is not going to disappear”, as evidenced by the constant development of events like the Paris Blockchain Week. Despite headwinds, he predicts a “great year ahead for crypto”, based in part on the recent record performance of Bitcoin.

Moreover, Garlinghouse praised the web3 buzz. He especially emphasizes that the more than 20 million developers not yet involved represent a real potential for innovation. This enthusiastic vision contrasts with Ripple’s past controversies, confirming the sector’s growing maturity.

In addition, the first day was also marked by developments at Binance. The exchange’s new CEO, Richard Teng, stated that the platform had “moved past its cultural issues.” According to him, it is now decisively focused on compliance, after settling a record $4.3 billion fine.

WhiteBIT’s Crypto-as-a-Service Offering

WhiteBIT, a cryptocurrency exchange platform, took advantage of the first day to unveil its new Crypto-as-a-Service service, intended for financial institutions and fintechs. This integrated solution allows these traditional players to offer crypto functionalities to their end customers, thus opening up new sources of revenue.

This illustrates the industry’s desire to open up to mature markets by offering gateways between Web2 and Web3 landscapes. Volodymyr Nosov, CEO of WhiteBIT, points out that this initiative aims to give its institutional clients a strategic competitive advantage, while helping them further monetize their relationships with users.

Winners of the Paris Blockchain Week Hackathon

Among the highlights of this first day, one cannot miss the results of the hackathon organized as part of Paris Blockchain Week. Bringing together more than 250 developers from around the world, this event showcased innovative projects on the Solana and XRP Ledger chains.

The winning teams stood out for various criteria, including their solutions for tokenizing real-world assets, digitizing bills of lading, and decentralized payment platforms. Beyond cash prizes, these developers have the chance to present their work on the main stage of the event, thus providing an exceptional showcase for their talent.

The first day of Paris Blockchain Week 2024 was marked by inspiring positions, disruptive product launches, and highlighting the creative buzz that animates this ecosystem. It encompassed the optimistic vision of CEOs; WhiteBIT’s Crypto-as-a-Service offering; and the winning hackathon teams showcasing their excellence. These key moments testify to the maturity and dynamism of the crypto industry. There is no doubt that the days to come will be just as rich in exciting announcements and innovations.