{"id":43262,"date":"2023-01-16T18:11:53","date_gmt":"2023-01-16T18:11:53","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/blockchain-association-disowns-upcoming-kampala-summit"},"modified":"2023-01-16T18:11:53","modified_gmt":"2023-01-16T18:11:53","slug":"blockchain-association-disowns-upcoming-kampala-summit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/blockchain-association-disowns-upcoming-kampala-summit","title":{"rendered":"Blockchain association disowns upcoming Kampala summit"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Blockchain Association of Uganda has distanced itself from an upcoming block chain conference in Kampala, saying they are not sure about the authenticity of the organiser, Streakk.<\/p>\n

The Kampala Blockchain Summit is scheduled for Tuesday January 17, at Sheraton Hotel under the theme \u2018Unlocking the potential of your crypto.<\/p>\n

But according to the association chairperson, Kwame Rugunda, they cannot guarantee the safety of their members.<\/p>\n

\u201cHaving preliminarily reviewed Streakk, our industry opinion is that Streakk presents numerous red flags, and those participating with them are doing so at their own risk. Therefore, the Blockchain Association of Uganda hereby distances itself from the Kampala Blockchain Summit,\u201d Rugunda said in a statement issued on Friday.<\/p>\n

\u201cOur opinion is based on a preliminary review, and the Association is holding further technical consultations with Streakk. If these ongoing consultations persuade a change of opinion, we will communicate so to the public, until then however, this is the opinion of the Association. Those keen on further research should review their white paper, smart contract and token economics,\u201d he added.<\/p>\n

But one of the summit organisers, Mr Edwin Zziwa, accused the blockchain association of playing politics and being biased.<\/p>\n

\u201cHow can they claim that they are not sure about the authenticity of Streakk yet they have not yet concluded the consultations?\u201d he wondered.<\/p>\n

\u201cThese are really unfounded claims [of authenticity]. We are transparent. Our company is deals with governments and strong institutions to grow the blockchain industry across the world. This is what we are coming to do in Uganda,\u201d he added.<\/p>\n

According to the Streakk website, the company was founded by Suki Chen, who is described as passionate about blockchain and has assisted in launching five successful Blockchain projects and helped them raised over $600m.<\/p>\n

But according to Ruganda, given the rising fraud in the blockchain innovation ecosystem in Uganda, it\u2019s their duty to protect all users.<\/p>\n

\u201cThe blockchain and cryptocurrency industry has attracted global interest, with several companies providing various innovative services, while others are masquerading as crypto businesses, yet in effect are using crypto rhetoric and marketing gimmicks to operate scams and defraud citizens. Such recent scams in Uganda have included OneCoin, Dunamis and D9 among others. More will continue to arise and so we urge Ugandans to remain vigilant, and always do their own research,\u201d he added.<\/p>\n

According to crypto data firm CoinGecko, there are more than 12,000 cryptocurrencies and 630 exchanges across the world.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Blockchain Association of Uganda has distanced itself from an upcoming block chain conference in Kampala, saying they are not sure about the authenticity of the organiser, Streakk. The Kampala Blockchain Summit is scheduled for Tuesday January 17, at Sheraton Hotel under the theme \u2018Unlocking the potential of your crypto. But according […]<\/p>\n","protected":false},"author":84,"featured_media":43261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-43262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nBlockchain association disowns upcoming Kampala summit - Uganda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/blockchain-association-disowns-upcoming-kampala-summit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain association disowns upcoming Kampala summit\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Uganda. The Blockchain Association of Uganda has distanced itself from an upcoming block chain conference in Kampala, saying they are not sure about the authenticity of the organiser, Streakk. The Kampala Blockchain Summit is scheduled for Tuesday January 17, at Sheraton Hotel under the theme \u2018Unlocking the potential of your crypto. 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