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Canadian Tech Summit opens in Hamilton

Bermuda's warm attitude to emerging technology will draw visitors all the way from chilly Canada today.

Canadian and Bermudian tech leaders will this week come together for the Canadian Technology Roadshow and Summit in Bermuda, at the Hamilton Princess & Beach Club in Hamilton.

The event is organised by Penrose Partners, a Canadian blockchain consulting firm with offices in Montreal and Toronto.

In an article on the website Medium, Penrose said Canada and Bermuda were ideal partners to push forward the adoption of new age technologies. They pointed to how David Burt, the Premier, has embraced the idea of integrating blockchain technologies and the use of digital currencies in Bermuda.

Kerem Kolcuoglu, co-founder of Penrose said: “We believe that we have identified a great opportunity to bring Canadian entrepreneurs and their innovations to Bermuda to exhibit their novel business models in this regulatory sandbox environment. When these guys succeed in this progressive regulatory environment, it will provide great lessons and comfort for policymakers in Canada to adopt these technologies.”

The summit is a week filled with events to foster innovation and forward-thinking discussions between the Canadian and Bermudian governments, and participating businesses.

Tomorrow, there will be a keynote address, and then five Canadian blockchain entrepreneurs Global Digital Assets, Knox Custody, WorkWolf, Mantle Technology, and Bidali, will showcase their companies.

“Penrose Partners believes that these selected companies are the correct fit for the infrastructure that Bermuda aspires to build to achieve its ambitions,” a Penrose spokesman said. “Participants will benefit from understanding the perspectives of government and business leaders as they discuss trending issues on panel discussions.”

Local speakers will include Steven Rees Davies, Appleby's joint global head of technology and innovation, who will speak on the digital assets, regulation and governance panel. Dennis Pitcher, chief fintech adviser to Mr Burt and the Fintech Business Unit, Azeem Khan of CCS Group Ltd and Kevin Richards from the Bermuda Business Development Agency will also talk. At the end of the day, Gosling's will showcase its roster of rums.

“We are honoured to be building upon the longstanding friendship between Canada and Bermuda, enabling two forward-thinking countries to align their initiatives, support entrepreneurs and foster true innovation,” Penrose co-founder Oren Bouzaglo said. “The summit is poised to be an incredible week, and we are grateful for the opportunity to bring the key parties to the table and make a difference on an international scale.”

Penrose said the summit will be the first of many initiatives in Bermuda for themselves and their network of partners.

“The firm believes that this is the right market for their Canadian clients and partners to demonstrate their innovations, in a jurisdiction that has written legislation for digital assets and is excited about adopting blockchain technologies in their businesses,” Penrose said.

The Consulate General of Canada in New York is a summit host.

Tickets to the summit cost $537 and are available from www.eventbrite.ca/e/canadian-technology-summit-in-bermuda-tickets-88113715495. For more information e-mail info@penrosepartners.com

Steven Rees Davies, Appleby's joint global head of technology and innovation (Photograph supplied)

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Published January 28, 2020 at 8:00 am (Updated January 28, 2020 at 8:02 am)

Canadian Tech Summit opens in Hamilton

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