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Coronavirus affect in the blockchain industry and beyond


The rapid spread of coronavirus in the USA, Europe, Canada, South America, and even in Africa, makes people around the world take precautions. The epidemic has affected major international exhibitions, conferences and other public events.

What has coronavirus already affected?

From 24 to 27 February, the largest international exhibition of the mobile industry Mobile World Congress was to be held in Barcelona, which was canceled for the first time in 33 years due to the threat of coronavirus. Such companies as LG, ZTE, Ericsson, Sony, NVIDIA, Amazon, Vivo, Nokia, Intel and others refused to participate.

Facebook canceled the large F8 2020 technology conference, which was supposed to be held in San Jose, California, USA. The event was planned to be held from 5 to 6 May, but Facebook refused the format of the public event and will conduct online broadcasts.

Earlier, the leadership of Formula 1 decided to cancel the “Chinese Grand Prix.” This is the first such case since 2011. Races were supposed to be held from April 17 to 19. As a result of their cancellation, Liberty Media, the owner of Formula 1, according to experts, could lose about $ 43 million.

The conducting of the Eurovision music festival, popular in Europe, in mid-May in the Netherlands, was also called into question. Leading Dutch virologist Ab Otserhaus calls for the cancellation of the event, since “it is not safe to collect so many people from around the world in Rotterdam.”

 The effect of coronavirus on the blockchain industry.

The main blockchain conference of the Tron project canceled its annual niTROn2020 summit due to coronavirus. The event was scheduled from February 29 to March 1 in Seoul, South Korea. According to the official website of the company, the conference is postponed indefinitely. 

The safety and health of our community and wider society are of primary importance to us.” – the company writes.

One of the largest blockchain events in Hong Kong – Token2049 rescheduled the conference from mid-March to October 7-8, 2020.

Binance Blockchain Week also canceled the event in Vietnam and promised a full refund through the online registration platform.

Blockchain technology exhibition Blockchain Week 2020, scheduled from March 2 to 6 in Hong Kong will also not take place.

Coinbase, a major US cryptocurrency exchange, has developed a plan for combating coronavirus inside the company. At the moment, the company is considering the possibility of transferring all employees to remote work.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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