February 20, 2022 - BlockSplit, the largest regional conference for the blockchain and cryptocurrency industry, will hold its third edition from May 23 to 25, organized by the Croatian umbrella association for blockchain and cryptocurrencies - UBIK.

The Blockchain Hub Split organizers, as well as participants at the BlockSplit conference held in Split in April 2018, were more than satisfied when they gathered about 500 programmers and entrepreneurs at the Faculty of Economics, who spent two days through workshops and lectures getting acquainted with the fast-growing blockchain technology, best known for enabling the development of cryptocurrencies. In its first edition, the conference attracted 28 world-famous speakers, and in addition to educating and connecting participants from several countries, it also increased the blockchain community.

This year, BlockSplit, the largest regional conference for the blockchain and cryptocurrency industry, will hold its third edition from May 23 to 25, organized by the Croatian umbrella association for blockchain and cryptocurrencies - UBIK, reports Jutarnji List. 

The organizers expect that the conference in Split will attract more than 300 experts and companies from all over Europe and beyond and announce top speakers, demonstration of the latest technologies, presentations, networking opportunities, and a week of accompanying educational and entertainment activities. The goal of the conference, as announced, is to accelerate the growth and development of the blockchain industry.

On this occasion, the president of UBIK, Vlaho Hrdalo, stated that the third edition of BlockSplit is coming in the most dynamic period of the blockchain industry since its inception.

"I am especially pleased that with the inclusion of UBIK in its organization, BlockSplit continued its development, which began in 2018. Previous editions of this conference represent a highly elevated scale that I believe we can surpass. As we are still the same people who created BlockSplit, the conference in this issue is in many ways a unique connection to the Web3 community of a country. Considering that we are once again in beautiful Split at perhaps the most beautiful time of the year, the satisfaction of all visitors will certainly not be lacking, especially when we discover the names of renowned lecturers that we have not seen in the wider region," said Hrdalo.

The conference program also includes practical workshops, and topics will cover the areas of marketing, law, design, DeFi, NFT, and gaming. Presentations and lectures by leading experts in the industry are also planned. Thus, visitors will be able to listen live to experts in the development of blockchain technology and learn about new processes for developing WEB3 products. In addition, numerous domestic and international companies will be represented at the exhibition part of the conference. A hackathon will also be held from May 27 to 29. 

Blockchain technology offers several possibilities for solving problems in many sectors, said the European Parliament Office in Croatia when they organized a workshop on blockchain technology in various areas of life and work last year.

The European Union, it was pointed out, believes that the proper use of blockchain technology can provide significant benefits to the European industry, economy, and society. Blockchain technology is essential for the digital transformation of the economy and is part of the EU's new program, Digital Europe, adopted by the European Parliament in April 2021. The program aims to invest in digital infrastructure so that strategic technologies can help strengthen Europe's competitiveness, move to a green economy and ensure technological sovereignty.

Blockchain technology, as noted, allows people and organizations who may not know each other to agree and permanently record information without third-party authorization mutually. By creating trust in data in ways that were not possible before, blockchain can revolutionize how we share information and perform digital transactions.

It should be noted that digitalization plays a crucial role in all EU policies, and digital solutions, as stated on the website of the EP Office in Croatia, provide significant opportunities and are critical to Europe's recovery and its competitive position in the global economy.

For more, make sure to check out our dedicated lifestyle section.

November the 3rd, 2021 - Blockchain technology is one of those things on everyone's lips of late, and while some tilt their heads in confusion, others are taking advantage. Could Blockchain tech reveal just how green the Croatian LNG Terminal actually is? Perhaps.

As Poslovni Dnevnik/Darko Bicak writes, gas is a generally accepted transitional energy source between the fossil and green eras, and in addition to the gas transported by standard pipelines, there's more and more gas from LNG. It is LNG that is increasingly the subject of analyses that question whether its use is really "transitional green" or whether it is ultimately closer to fossil fuels than anything else.

This is especially relevant here in Croatia because finally, at the beginning of this year, after decades of planning and design, the floating Croatian LNG Terminal in Omisalj on Krk was put into operation, which in the medium term should grow into a fixed project with a larger volume on the land.

As Gas outlook writes, the oil and gas industry is considering the use of Blockchain technology for digital monitoring of LNG freight transactions, and analysts estimate that this technology could be a solution to transparency concerns about carbon-neutral trading in this energy source.

The concept of a “carbon neutral” LNG isn't without its problems and Environmental, Social and Corporate Governance (ESG) and it is under the increasing control of investors, governments, lenders, employees and consumers. There are currently no standardised methods for accurately measuring and monitoring direct and indirect emissions associated with the entire LNG supply chain, but there are certain efforts that are emerging.

“There is concern among all stakeholders about the integrity of carbon dioxide reporting, the consistency and methodologies applied. Previous attempts by the industry have been fraught with problems of double counting, the origin of compensation, the transparency of verification methodologies and data quality issues,'' warned Scott Waller, consultant at EY.

This is particularly the case as the LNG industry seeks to extend and expand the use of natural gas - for example by using ships on LNG - in line with the argument that it compensates for higher emissions from the use of coal, oil and diesel.

At this point, there is a lack of evidence to substantiate this claim, but the UN estimates that Blockchain technology will be able to provide greater transparency around greenhouse gas emissions and facilitate the monitoring and reporting of reduced emissions.

This would solve the possible problems of double counting, as reporting and verification of climate measures are crucial to achieving the goals of the Paris Climate Agreement, and its even stricter modifications, some of which are likely to be agreed at the ongoing Glasgow Climate Change Conference in Scotland.

For more on the Croatian LNG Terminal, check out our business section.