The Web3Power 2022 Summit has been postponed due to the downturn in the Crypto ecosystem, the deteriorating global macroeconomic financial conditions, and the increased geopolitical tensions.

This national event will focus on the state of the cryptocurrency and digital assets in Canada, explore strategic policy opportunities, and encourage public-private partnerships and collaboration to secure Canada’s leadership in the emerging global digital assets race.

“The Web3Power Summit is designed to offer a roundtable and open forum to explore innovative ideas, to analyze risks and opportunities, and to encourage brainstorming and insightful debate of critical issues unique to the Canadian market. It is an opportune time for Canada to seize a leadership role,” said Jacob (“Jake”) Gordon, founder and chairman of the eCustomerWorld Institute and CEO of Jake Gordon & Associates, Inc.

The Web3Power 2022 Summit is organized and hosted by the eCustomerWorld Institute and Jake Gordon & Associates Inc., both independent organizations. They are not part of the Crypto-assets industry. The organizers do not have any political affiliation and are not promoting any single private interest, charitable cause, or lobby effort.

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This national event will focus on the state of the cryptocurrency and digital assets in Canada, explore strategic policy opportunities, and encourage public-private partnerships and collaboration to secure Canada’s leadership in the emerging global digital assets race.

“The Web3Power Summit is designed to offer a roundtable and open forum to explore innovative ideas, to analyze risks and opportunities, and to encourage brainstorming and insightful debate of critical issues unique to the Canadian market. It is an opportune time for Canada to seize a leadership role,” said Jacob (“Jake”) Gordon, founder and chairman of the eCustomerWorld Institute and CEO of Jake Gordon & Associates, Inc.

On February 8, 2022, Bill C-249 passed first reading in the House of Commons calling for a national framework for the crypto sector, and on April 7, 2022, Canada’s Federal Budget set aside C$17.7 million dollars (to be spent over 5 years) for the review of the financial sector.

The Web3Power 2022 Summit will gather Canada’s monetary official and fiscal policy stewards, lawmakers and regulators, financial intermediaries, payment providers, business leaders, academic scholars, crypto industry players, digital forensic experts, consumer protection and privacy advocates, and the accredited media. It does not target the retail investor.

“It is incumbent upon Canadian policymakers and crypto industry stakeholders to listen to each other, develop a comprehensive approach for digital assets that will balance measured regulation with thriving innovation, and to act now for the benefit of all Canadians,” said Gordon.

The Web3Power 2022 Summit is organized and hosted by the eCustomerWorld Institute and Jake Gordon & Associates Inc., both independent organizations. They are not part of the Crypto-assets industry. The organizers do not have any political affiliation and are not promoting any single private interest, charitable cause, or lobby effort.

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Unprecedented, multilayered sequence of powerful global forces is stress-testing the entire cryptocurrency and digital assets ecosystem. These include: the enduring Covid-19 pandemic which accelerated the adoption and use of digital payments and the ensuing social unrest; disrupted trade and transition to protectionism and national self-reliance; monetary tightening and the lift-off in real interest rates from historic lows; persistent elevated inflationary pressures and the looming economic downturn; increased geopolitical tensions, the wars in Ukraine and Afghanistan, the US sanctions on Russia and the realignment of NATO; the increased national security vulnerability to cyberspace attacks and the use of digital assets to illicit finance. Each one of these forces will have a profound effect on the Crypto sector since none will be abating any time soon.

Download PDF: The State of the Crypto Industry Report

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Unprecedented, multilayered sequence of powerful global forces is stress-testing the entire cryptocurrency and digital assets ecosystem. These include: the enduring Covid-19 pandemic which accelerated the adoption and use of digital payments and the ensuing social unrest; disrupted trade and transition to protectionism and national self-reliance; monetary tightening and the lift-off in real interest rates from historic lows; persistent elevated inflationary pressures and the looming economic downturn; increased geopolitical tensions, the wars in Ukraine and Afghanistan, the US sanctions on Russia and the realignment of NATO; the increased national security vulnerability to cyberspace attacks and the use of digital assets to illicit finance. Each one of these forces will have a profound effect on the Crypto sector since none will be abating any time soon.

In these tumultuous times, investors who were engulfed by inflation and growth scares, and doubts whether Central Banks would succeed to engineer a “soft landing” and tame inflation without tipping their economies into a recession, sent stock, bonds and credit markets tumbling. The S&P and the NASDAQ entered bear market territory, market volatility increased dramatically, and financial asset values were repriced to the new economic reality. As investors’ risk appetite abated, all risk assets came under heightened scrutiny - frontier technologies and cryptocurrencies were no exception. The value of all cryptocurrencies tumbled drastically from their November 2021 highs and the algorithmic stablecoin TerraUSD (UST) de-pegged from the US dollar and crashed, as did Terra’s base currency Luna.

While the ripple effect of the UST crash on other private-label stablecoins (independent of their collateral structure) is yet to be determined, the global demand for a “retail” stablecoin is sky-rocketing for a speedy, affordable and accessible cross-border payment mechanism. “The entire private-label stablecoin sector will be reshaped by the looming introduction of Retail Central Bank Digital Currency (CBDC) and its use for both domestic and international transactions. The industry will have to grapple with the task of defining their new role in the emerging digital currency world,” said Jacob (“Jake”) Gordon, founder and chairman of the eCustomerWorld Institute and CEO of Jake Gordon & Associates.

The cryptocurrency market shockwaves have not escaped the attention of world leaders, politicians, legislators and regulators world over. They have accelerated their call for comprehensive digital policy, regulatory clarity, enhanced compliance & enforcement, and effective safeguards for investors’ protection. The dreaded cryptocurrency regulation in many monetary jurisdictions is just around the corner. Governments, Central Banks and regulators are calling for “responsible innovation” while the industry keeps warning against too stringent regulatory rules and policies that might stifle future innovation.

“All these headwinds are accelerating the transformation of the digital currency sphere. Although the timelines are still unknown, the outlook for the cryptocurrency industry is optimistic, as previous disruptive technology cycles have proven that the industry will survive, restructure and emerge stronger than ever,” said Gordon.

Download PDF: The State of the Crypto Industry Report

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The Web3Power Summit will highlight the following agenda topics:

• Impactful Crypto-Asset Industry Trends, Technology and Standards Developments
• Protecting Canada’s Sovereign Monetary System Against DeFi’s Systemic Risks
• The Canadian Jurisdictional Legal & Regulatory Crypto-Assets Framework
• The Role of Canadian Banks and Financial Intermediates in the Crypto Market – Systemic Risks, Stability, Privacy & Investor’s Protection Considerations
• The Adoption of Crypto-Assets by Canadian Institutions – Challenges & Benefits
• Canada as Crypto-Asset Business Destination – Licensing, Taxation, Accounting, Banking & Insurance Perspectives
• The Digital Loonie and Private-Label Stablecoins – Future Monetary, Economic, and Adoption Implications
• Digital Assets in Illicit Finance – Threats, Vulnerabilities, Detection, Deterrence & Enforcement
• Driving Crypto Innovation and Foreign Direct Investment to Canada – Federal, Provincial and Municipal Strategic Initiatives
• Establishing Canada as a global Distributed-Ledger-Technology (DLT) and Blockchain Research Centre, and Securing a Skilled & Educated Workforce – a Top Priority for Canadian Universities

Specific conference sessions will be published in August, once the Call for Speaker Applications have been reviewed by the Conference Advisory Committee. The conference agenda will highlight challenges related to the following: Cryptocurrencies; Stablecoins; Crypto Regulation: Digital Assets; CBDC; FinTech; DeFi; Distributed Ledger Technology (DLT); Blockchain; Web3; Cyber Security; Metaverse; NFTs.

Registration to the Web3Power 2022 Summit will open on July 1, 2022. Interested parties are requested to join the Web3Power 2022 email mailing list (available above) or to send an email to registraion@web3power.ca. Accredited media, please write to media@web3power.ca.

Parities interested in Speaking or Sponsorship Opportunities at the Web3Power 2022 Summit are invited to write to info@web3power.ca and will be contacted by a member of our conference team.

The Web3Power Summit will be held in Toronto, Canada on October 24 & 25, 2022. The format of the event - virtual or in-person - will be decided in August and will depend on the status of Covid-19 and the Canadian Health care authority Guidelines. The location details will be disclosed to event participants upon registration.

The Web3Power 2022 Summit is organized and hosted by the eCustomerWorld Institute and Jake Gordon & Associates Inc., both independent organizations. They are not part of the Crypto-assets industry. The organizers do not have any political affiliation and are not promoting any single private interest, charitable cause, or lobby effort.

About the eCustomerWorld Institute: A Canadian consultancy, research and an educational technology firm. The Institute’s focus is to educate and empower business, industry and Government organizations on how to harness the power of frontier technologies for increased productivity, improved customer service, reduced costs and competitive advantage.

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The Web3Power 2022 Summit is organized and hosted by the eCustomerWorld Institute and Jake Gordon & Associates Inc., both independent organizations. They are not part of the Crypto-assets industry. The organizers do not have any political affiliation and are not promoting any single private interest, charitable cause, or lobby effort.

About the eCustomerWorld Institute: A Canadian consultancy, research and an educational technology firm. The Institute’s focus is to educate and empower business, industry and Government organizations on how to harness the power of frontier technologies for increased productivity, improved customer service, reduced costs and competitive advantage.

Since 1990, the Institute has designed and implemented public and private educational programs focused on disruptive innovation in Cellular & Mobile technologies, Voice Processing, Voice Recognition, Text to Speech, Computer Telephony Integration, eCommerce, Internet Protocol, Customer Relationship Management, Wi-Fi, Artificial Intelligence, Social Media, Cyber Security, Homeland Security, Data Analytics, Cloud Computing, Robotics, Quantum Computing, Distributed Ledger Technology and Blockchain. The eCustomer World Institute is the research arm of Jake Gordon & Associates.

About Jake Gordon & Associates: A leading Canadian event management organization focused on frontier computing and telecommunications technologies. Over its 30 years of experience, the company has produced and staged many innovative industry trade shows, conferences and educational programs across Canada.

Past JG&A Signature Events include:
JGA Industry Days | eCustomerWorld | VoicePower | SMB World Canada | IP World Canada | Wi-Fi Power Canada | CRM Power | B2B Power | CTI World | Web3Power

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