SBC Summit sees executives endorse clearer blockchain regulation

The two-day online SBC exhibition is dedicated to analysing the state of the blockchain industry in the continent covered a variety of topics.

The panel about African regulation was simply dubbed ‘Everything you wanted to know about blockchain gaming but were afraid to ask'.

Kamara outlined the current state of affairs, arguing that more regulators and industry leaders are actually paying a closer attention to blockchain, citing the “incorruptible nature” of the solution as a reason why.

Yet, regulation must stem from the industry and not from a central government, many believe.

Quanta CEO Harmen Brenninkmeijer joined the panel as an industry individual in a perfect position to comment on developments in the blockchain gaming market.

Quanta recently added DappTricity and the company is about to initiate a token swap.

According to Brenninkmeijer running a blockchain company is challenging, but any challenges stem from a perceived negativity of the industry.

Dispelling mistrust would be beneficial to all, the Quanta executive added.

Ian Sherrington, CPO at Quanta, pitched in an endorsement for blockchain, explaining that people would need to understand the technology – a lot – to be able to endorse it.

All executives agreed that blockchain provides the infrastructure for a safer and use of technology overall.

To achieve this, though, clearer regulatory measures are necessary.

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Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.

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