Allen Piscitello, vice president of products at Blockstream, introduced Liquidation, a settlement network based on the Bitcoin sidechain. “People can use Liquid. It's very similar to Bitcoin, you can perform things like issuing assets, anchoring assets, sending transactions without any other network license. The only thing you need is that you need some mobile bitcoin to pay. Transaction costs.” Piscitello also pointed out that Liquid helps users block all kinds of information (such as amounts) from the public, and the public is usually open when dealing with bitcoins. Piscitello also shared Blockstream's long-term plan for Liquid Network, which will enable cross-platform transactions without the need to host user funds.