Web Summit 2019 Provides Insight Into Global Tech Issues

The Web Summit 2019 event was recently held in the Altice Arena in Lisbon, Portugal. This is one of the most significant events in the tech calendar, with over 70,000 people in attendance. This year’s event focused on disruptive innovations in such fields as brand awareness, thought leadership, networking and generation.

A wide variety of startups and established businesses were in attendance, with companies representing such diverse fields as fintech, healthcare, e-commerce, Internet of Things, gaming, security, hardware and even fashion.

The event comprised several presentations from across the full gamut of tech-related industries. There were also a variety of summits dedicated to particular topics, such as the QNA Summit, which offered delegates the opportunity to have their questions answered by speakers and CEOs with companies valued in excess of €1 million.

Another highlight of the event was presentation of the Global Woman Club, which shone a light on the networking organisation that brings together high quality women from all around the world. This is considered vital in the tech field, which has traditionally been male dominated.

While the Web Summit 2019 addressed a wide variety of issues, the presentation of Finverity provided an intriguing insight into the increasing need for first world countries, and businesses located within them, to trade with developing economies.

This was an issue that cut across many of the businesses in attendance, with developing economies considered to be a growth area in the technology field. Unfortunately, the existing financial infrastructure has struggled to adapt to the realities of this shifting paradigm, resulting in a $1.5 trillion funding gap in global trade finance.

It was out of this climate that Finverity was created, and one of its founders, Alex Fenechiu, took to the stage in Lisbon in order to explain how the company has enabled blockchain-based cross-border P2P trading, offering credit opportunities for developing economies, and investment prospects for established firms in a low-interest rates environment.

There were many other opportunities and insights for attendees to glean from the Web Summit 2019 as well. A matchmaking event was held for top global investors in AI, Blockchain And mixed reality, while Lloyds Banking Group also hosted a networking event.

The Web Summit 2019 brought together some of the best and brightest brains in their fields, and enabled them to swap ideas and knowledge in a relaxed and pleasant environment. While there remain many unsolved issues in the world of technology, this Portugese conference helped oil the wheels of progress, and has become a fixture in the tech calendar.

Posted by Alex Fenechiu