Sweetbridge: London SweetMeet 10th May

  • Tuesday, 15 May 2018 16:53
On the 10th May, 2018, an encouraging number of Sweetbridge fans joined us at The Clubhouse for an evening with Scott Nelson, CEO of Sweetbridge, and Rob Knight, Founder of Mattereum.Scott Nelson presenting the Accounting ProtocolWith the stage set and everything set up ready to go, we opened the doors for the evening’s festivities and everyone quickly mingled, talking shop about subjects across Sweetbridge and other areas. It was great to see people in attendance from a diverse mix backgrounds and industries, it really goes to show how far reaching the Sweetbridge Protocols can be.7pm came around and it was time to get the show started. With some exquisite food and drinks on offer, and some excellent conversations deep underway, a little coercion was needed but we soon had everyone settled in for the main event.For those of you who have seen Scott speak before will know that he is a great presenter and, even despite battling a cold, he did not disappoint. He came bearing the gift of the announcement of the latest Sweetbridge Protocol layer, the Accounting Protocol.Scott Nelson talking Sweetbridge’s Product StrategyThe Sweetbridge Accounting Protocol, uses the information generated by the Settlement Protocol to provide transparency into changes in the financial strength of supply chain participants. The Accounting Protocol serves three purposes: transparency by giving organizations a detailed view into their own economics and financing capacity, risk management by allowing Sweetbridge members to independently assess financial risks associated with any specific entity, similar to a credit score, and auditability by providing a detailed, permanent audit trail of all transactions completed.This was the first time we had seen this layer presented, and the far reaching uses of this particular layer generated some excellent discussions afterwards. From those representing high net worth worth individuals who are involved in the crypto space, but want to be able to track their assets through reliable accounting, to those who are accountants looking for a solution that can’t be tampered with.I caught up with Scott and were discussing the event and what he thought of the general vibe of the SweetMeet.“I thought it was great, the questions were unusually intelligent. They were very thoughtful. The level of engagement in London was second to none.”I also asked him he thought was the most interesting take away from speaking with in attendance, and Scott said;“I was surprised by how many people there were not crypto fanatics, it was really great to see that the interest in Sweetbridge reaches much farther than crypto and people are seeing the real world application for it.”Scott Nelson and Rob Knight during the Q&A sessionFollowing on from Scott’s presentation, Rob Knight took the stage to present “The Internet of Agreements — What are blockchains for anyway?”In this presentation he guided us through what blockchains are used for, and also their limitations, in a world where there is constant talk of getting physical assets onto a blockchain. Mattereum are realists in this space, and that is a big reason why Rob and Vinay Gupta are advisors to Sweetbridge, where they are able to look at scenarios very pragmatically. Using Ricardian contracts Mattereum are able to combine legal contracts and smart contracts.Rob said during his presentation, “you can’t put your house on the blockchain”. This is of course true, we are not quite there with technology where we can digitise bricks and mortar, but you can put contracts that assert title or ownership on the blockchain.Me introducing the eveningInterested in seeing the presentations? Keep an eye out for the video that is soon to be released.ICO goes live on the 21st May. Join the Telegram channel at t.me/sweetbridgeLondon SweetMeet 10th May was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.

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