Liz Steininger, CEO Least Authority, traveled to Singapore to participate on two different panels as a part of the inaugural Summit X by TechStorm. Senior executives, investment professionals, and deep tech researchers from 15 countries, including the United States, United Kingdom, Germany, Japan, India, Hong Kong, and ASEAN countries were in attendance. Nearly 70 speakers participated in panel discussions on generative AI, digital transformation, fintech emerging trends of Web 3, blockchain, Esports, and the world of venture investments, IPOs, and SPACs.
On May 3rd, Liz engaged with Prof. David Lee Kuo Chuen, Chairman, Global Fintech Institute Professor, SUSS, for "Security and Its Impact on Market Performance of Tokens". They discussed assessing commitments to security, how the Security Index works, and Web3 Security Index for Portfolio Allocation.
The relationship between Web3 security and market performance of tokens is complex and multifaceted. With investors and users in the cryptocurrency market becoming increasingly (and for some, painfully) aware of the importance of security, security audits and other review tools become more important for identifying potential vulnerabilities before they cause costly losses. The focus on security improvements also helps developers to take corrective measures to generally improve the applications (DApps) and blockchain networks beyond the security of their users' funds and data. There are unexplored connections between these security efforts and the performance of the tokens in the market.
The following day, Liz was on a panel for "Security and Responsibility: How FinTech & Digital Assets Establish Trust" and had an intriguing discussion with Manoj Vembu of Rubix Network, Preetam Rao of Quillaudits, and Ryan Lum of Beosin. The panel covered the key aspects of hacks in the industry, along with exploring how trust can be established in the industry to support the expanded interactions with digital assets.
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