The FTT On Location At The Linfinity Forum

On Thursday 30th August, we attended Linfinity Forum at Canary Wharf’s Level39. Other than the incredible view from the building and the delicious sandwiches served for lunch, highlights included:

Naoris CTO Fernando Martinho talked about how the world’s cyber security has not changed in 35 years and the inevitable security breaches and catastrophes that this fact has caused. He also pointed out that, in 2015, companies spent $3 trillion fixing cyber security problems, which is 3 times the value of the market.

That is insane.

His colleague, Naoris CEO, David Carvalho, added the bleak prediction that this problem is not going to go away, it’s just going to get worse.

The pair then shared Naoris’ mission, which is to make the world a safer place by revolutionising cyber security using blockchain. Carvalho concluded – “You either have integrity, or you don’t, and blockchain is very good at managing that.”

That made us all feel better!

Next we heard from a panel of experts about financing tech startups. This panel featured Andrew Adcock and Jinu Kochar of Crowd for Angels, Rupert Barksfield from Nousplatform and PWC’s Rodney Prescott. It was moderated by Linfinity’s own CEO, Anndy Lian.

When asked what made them invest in a particular company, the panel stressed that it wasn’t all about white paper – they have to be impressed with the CEO. Andrew Adcock said he often goes to watch the CEO talk, and what he’s looking for is the belief that they can do the work needed to make the company a success day in, day out. The team and product were also mentioned as important factors.

When asked about ICOs, the panel make it clear they expected a company wanting funding to justify why they are doing the ICO, and demonstrate that it is more than just a way to make a quick buck.

Rodney Prescott made the very valid point that, just because there’s an ICO involved, doesn’t mean it removes the need to rationalise what the money is needed for.

A particular highlight of the forum was an address by Nicole Anderson on using blockchain for social good.

Covering topics such as digital identity and financial inclusion, Anderson discussed how blockchain can improve the immutability, trust and transparency of services and improve issue relating to identity and inclusion worldwide.

A particularly interesting point made by Anderson was that the problem with digital identity in the western world is almost the opposite of that in developing countries – we are demanding the right to be forgotten, whereas in emerging markets, 1.1 billion people have no form of formal identity at all, which excludes them from access to a range of services.

The talk also covered how blockchain can help revolutionise world politics, with decentralised voting provider Votem receiving a special mention. Another major issue in emerging markets that can be solved with the help of blockchain is land rights. Kenyan based Harambee Token was named as a company attempting to do just that.

Overall, it was an interesting and informative day that only served to strengthen our belief that blockchain is set to make a significant change to the way we all live our life, and improve the situation for billions around the world.

Source from: https://thefintechtimes.com/linfinity-forum-report/?from=timeline&isappinstalled=0

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Linfinity Forum 2018 in London to Feature European Blockchain Experts

LONDON, United Kingdom, 30 August 2018 – Singapore-based blockchain company Linfinity hold its first Linfinity Forum out of Asia in the United Kingdom (UK), after a series of successful talks with key industry players in Singapore, South Korea and Japan. The Forum was held on Thursday, 30 August at 1 Canada Square, Canary Wharf, the main finance center in London.

The one-day forum serves as a platform for key C-suite level business decision makers within various industries, such as the banking and finance sector, cybersecurity and blockchain technology to exchange industry advancements between Asia and Europe.

 According to recent analysis of industry data from digital freight forwarder Zencargo, supply chain inefficiencies and miscommunication are costing UK businesses over £1.5bn in lost productivity.

“We wanted to make the UK our first stop outside of Asia because of the strong level of interest we received from parties within various industries in the UK over the past few months,” shared Anndy Lian, CEO of Linfinity in his opening speech, “we believe that there is a considerable market for Linfinity’s service offerings in the area of supply chain financing, and the Linfinity forum will aim to bridge that gap.”

“The commercialization of blockchain technology is still in budding stage, and it needs to learn from the past for its better integration with traditional economy. United Kingdom was the first country to industrialize in 18th century, and we believe we are in the right place today, to learn, to share and to cooperate,” added Anndy.

 The Linfinity Forum 2018 also featured a panel of notable speakers from  Europe, including Nicole Anderson, CEO and Co-founder of FINTECH Circle Innovate and Head of the UK Women’s Fintech Association, Ashish Gianini, Business Director at Atlantic Neotechnologies, Andrew Adcock, Chief Marketing Officer of Crowd for Angels and Rodney Prescott, Senior Manager of PwC.

Anndy Lian, CEO of Linfinity, hosted a panel discussion on Financing for Tech Startups

Mr. Fernando Martinho, Co-founder of Naoris and Mr. David Carvalho, CEO of Naoris shared their views on the future of cybersecurity in blockchain.

Technology has brought about significant changes to the physical supply chain with improvements in logistical efficiencies at ports with paperless customs clearance processes and automation of trade facilitation programs. However, the same cannot be said with supply chain finance, where paper processes continue to dominate, and adoption of automation processes is relatively slow.

According to the World Supply Chain Finance Report 2018, “Emerging technologies such as blockchain are still being experimented with, as banks and fintech look to move beyond multiparty-based closed proofs of concept to something more open and commercially scalable.” “Technology is also increasing demand for the digital handling of trade, and for faster, flexible and cost -saving processes across the supply chain.”

Panel discussion on Industry Regulation Comparisons – Singapore, Gibraltar, UK and USA

“We welcome a conversation with founders of path breaking applications in Web 3.0 with the aim to bridge the gap between disruptive technologies and traditional finance,” said Ashish Gianani, Business Director of Atlantic Neotechnologies, in his sharing on Gibraltar’s pioneering regulations.

With the aim of enhancing the efficiency, speed and transparency of Bank Payment Obligation (BPO) and other digital trade settlements, blockchain and Linfinity plays a pivotal role in improving the protection, management, security and traceability by aggregating the processes of  the total supply chain network on a single blockchain register.

At the Linfinity Forum 2018, Linfinity achieved cooperation intentions with several local companies to establish working partnerships on their impending entrance into the UK market to support supply chain finance and cross-border supply chain trade movements.

Nicole Anderson, Managing Partner of Redsand Partners LTD, was giving a keynote speech on the blockchain for social good, focusing on the emerging fintech industry in Africa and Asia.

Thomas Leiritz, CTO of Blockpass, shared his insights on how individuals control over their data and eliminate the painful process.

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