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South Korea’s Jeju Island was painted red by a global community of blockchain enthusiasts on Thursday, Sept. 13, as the inaugural Upbit Developer Conference 2018 (UDC 2018) started off with a bang. Founder and Chairman of Dunamu Inc. Chi-Hyung Song took to the podium to welcome the attendees. The conference has lined up several major blockchain figures in the industry to address the gathering, including Onchain cofounder Jun Li and Bittrex CEO Bill Shihara, among others.

How Will Dunamu and Upbit Move Forward?

As an entrepreneur and a developer, Song talked about his views on the future of blockchain. He focused on the crucial role that developers play in helping mass blockchain adoption by creating mainstream services. He also emphasized that the industry needs strong regulatory support to grow.

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Talking about Dunamu and Upbit’s crypto trading platform, Song noted that the company is working on improving the security, reliability and compliance of the exchange. The company’s investment arm, Dunamu and Partners, and its research arm, Lambda 256, will focus on growing and identifying blockchain projects with strong potential. Song noted that Dunamu will likewise provide support for the blockchain ecosystem via events like UDC, which promote communities for decentralized application developers and blockchain platforms.

Who Else Spoke at the Gathering?

As the day progressed, two more speakers took to the podium to share their views with the attendees. The first among them was Ontology founder and Onchain cofounder Jun Li. He spoke about the important role that trust will play in taking blockchain mainstream. He said that the different technologies offered by Ontology can help in solving trust issues surrounding blockchain. These include solutions like Distributed ID and Data Exchange Framework, along with ONT ID. ONT ID helps in end-to-end data exchange while verifying identities better and offering improved privacy.

The second speaker was Dawn Song, CEO of Oasis Labs and professor at UC Berkeley. He spoke about smart contracts and suggested that they are the ideal solution for fixing several privacy issues in the blockchain ecosystem, along with personal information protection and the data silo effect.

The last day of the conference will have prominent speakers, including Bittrex CEO Bill Shihara, NEO founder Hongfei Da and Chairman of Terra and TMON Daniel Shin.

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