FOMA Magazine Feature Interview with Anndy Lian on Art and Blockchain: “In code, we trust art. Heading global with blockchain.”

Thank you FOMA Magzine for the interview. It is always good to share how blockchain can be adopted. Art industry will definitely benefit from this technology.



Art is part of our lives, we see them in all shapes and forms. Technology plays a similar part in our lives too, in every step we make.

I have travelled around the world meeting people and advocating blockchain technology since 2017. During this period, I have managed to convince governments, government-linked companies, schools and also traditional businesses to embark on the technology journey. Many of them are happy with the decision and especially during this COVID period, they have benefited more than before as the world has gone into the digital space and blockchain been the technology that enhances security plays a vital role.

In this article, I would like to share about the art industry and how digitalising their work will bring them more good than staying traditional.


What is art?

To me, art is an expression of human creative skills and imagination. It is typically in a form of painting, sculpture or music, literature or dance. Ultimately, it expresses the artist’s conceptual ideas, technical skills and creatively intended to be appealing to the senses and emotions.


How big is the art industry?

The global art market grew 6% in 2018 to $67.4 billion in sales, according to economist Clare McAndrew’s report “The Art Market 2019,” released by Art Basel and UBS on Friday. That total makes 2018 the second-biggest year for the art market in the past decade, trailing only 2014 when sales totaled $68.2 billion according to statistics obtained from Artsy.

Art on the secondary market is often sold at an auction house. The artwork will be made available to the public and anyone can observe the price and buy it. Many times, gallery owners also bid at the auction to control the market price and value. I believe that a combination of art and technology will help to increase transparency in the industry. Blockchain can play a big part in it.


Going virtual

In the current pandemic times, everyone is encouraged not to travel. I do see that art is going digital too. Rembrandt, Miro, Banksy fetch millions at Sotheby’s virtual art auction. This is their new live stream auction format featured many pieces of artwork spanning five centuries of art history. This event attracted bidders from all over the world and managed by auction house’s staff from New York, London and Hong Office offices. Technology enables the sale. Good art waits for no man, be it virtual or physical.


What is the future for art?

As we move a step ahead on art and technology. I want to share a few things.

  1. NFT Collectibles Art

NFT stands for non-fungible tokens. Tokens are not mutually interchangeable and each token is different, as opposed to regular cryptocurrencies like Bitcoin, Litecoin that are fungible. These characteristics make NFT tokens perfect for verifying the ownership of unique digital items, like crypto collectables and digital art.

  1. Blockchain Tracking and Tracing + Authenticity

As mentioned, tokens can able verifications of digital collectables. It can also track, trace and even verify physical artwork as well through the use of blockchain technology, which is the underlying technology that supports tokens and cryptocurrencies. The ability to authenticate the artwork on the spot through the records that are captured on the blockchain can give buyers confidence in the transaction and may also increase the value of the artwork as everything about the artwork from maintenance records to where they were kept were all made available.

  1. Global Marketplace+

Right now we are in a global market for art trading and auctions, managed by leading auction houses. I hope in time to come, a decentralised marketplace on blockchain and cryptocurrencies can recreate into a marketplace+ and go onto the mainstream art world. There will be no middlemen, artwork can be verified immediately on chain and transacted directly using cryptocurrencies. Artwork can be sold in any parts of the world in a more trusted environment. This would be the ideal scenario.


“In code, we trust art.

Heading global with blockchain.”



About FOMA Magzine
FOMA (Fear Of Missing Art) is an international mag for immutable culture. We feature artist profiles, discussions & insights into the crypto-art movement.

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Anndy Lian endorses the book “Leadership in Disruptive Times” (2020)

Thank you once again and having me to endorse the book “Leadership in Disruptive Times” (2020).  The book was successfully launched on 30th July 2020 in New York by the publishers, Business Expert Press, LLP (BEP) New York, NY and is available on Amazon.

“Leadership in Disruptive Times will rock readers with stunning new perspectives. I like the emphasis on the usage of technology such as blockchain and cryptocurrency in the near future to advance in the vision of Industry 4.0. The need to use new technology to create a new value of ‘trust’ will be something we have to look into.

This book will be a good reference for leaders who want a good overview of the post-COVID times. The new world clearly values those that can deliver disruptive innovation.”

Anndy Lian
Blockchain Advisor
Asian Productivity Organization (APO)


About Business Expert Press (BEP)

Business Expert Press was born in 2008 because of one question: “Why do we pay so much for a professional book when we only want a few chapters?” From that question grew our initial priority: concise, precise, professional business information, published in print and eBook formats, written by experts in their fields, and organized into specific content collections so that consumers can immediately find the information they seek on subjects that matter to them.

Over the next few years, it became apparent to us that our primary audience — business students, faculty, and librarians — sought digital content built just for them. In 2010, assisted by the guidance of a panel of librarians, BEP released its first Digital Library. That library consisted of 50 eBooks with the goal of putting students first. It included all the features that we continue to offer today, beginning with No Usage Restrictions (students can print, share, download, and mark up any title in our library). We also offer Perpetual Access; Free MARC Records; and Free Archival Services. Finally, No License Agreement is Required (acknowledged by SERU). Our customers build their own collections. Today, we offer annual digital libraries of 110 eBooks, subscriptions to all 900 eBooks, topical e-collections, and custom bundles.

BEP has grown to be one of the premiere sources of business content for colleges and universities around the world. With its primary staff in the United States, BEP has a global sales and marketing operation, distributing our print and e-content to professionals and academics World-Wide. Our books not only contain ideas and solutions tailored to today’s business environment; they also offer content that anticipates the business environment of tomorrow—content that is both drawn from and relatable to many cultures in many different countries. Our books have won numerous citations and awards. Many of our authors are recognized as premier authorities in their fields. We’re proud to be a part of the business world today and look forward to continuing to serve the business community by offering innovative content in all areas of enterprise.

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Anndy Lian Shares “Ethereum Will Remain The Dominant DeFi Platform: Analyst Opinion”

Thanks CoinGenius for covering my comments made in the earlier article on DeFi and Ethereum.

Ethereum Will Remain The Dominant DeFi Platform: Analyst Opinion

Ethereum will remain the dominant Defi platform despite the attempts of other blockchains such as TRON and EOS of trying to catch up. Most of the total value locked into DeFi is locked in Ethereum based platforms and it seems that things are going to stay this way as per the Ethereum latest news.

The industry observers believe that Ethereum will remain the dominant Defi platform because the growth among Defi enabling blockchains will come from other network effects as well as utility and capacity. With Ethereum boasting the first-mover advantage and the rapidly growing, it will be the best place to be for DeFi. ETH is by far the most dominant blockchain according to the data from the DeFi pulse, accounting for 90% and 99% of the total value locked in DeFi platforms. Looking at the data, all of the 36 Defi platforms are based on ETH and out of the 4 billion now locked into these 36 platforms.

According to industry observers, this dominance will come not so much from ETH being superior but from it being the first platform to move and gain a decent base. According to Anndy Lian, the Singapore-based crypto advisor:

 “Ethereum has the first-mover advantage, as it has had at previous times in crypto history, from taking the lead in ICOs [initial coin offerings] and smart contracts and now DeFi.”

Lian noted that Ethereum has the biggest market cap in crypto and is one of the best testing platforms for the industry so if it cannot make Defi work, no one can. A spokesperson for the Maker Foundation said that Ethereum’s current success lies with the fact that it was able to build upon the activity on the blockchain which attracts even more users and more activity:

 “Scope, size and amount of activity on Ethereum are critical factors driving the DeFi ecosystem.”

The Maker Foundation spokesperson suggested that other blockchains that can interoperate with the build on top of ETH have the chance of expanding their market share:

 “Chains that can easily integrate or build across Ethereum should be able to take advantage of that activity and grow with it by providing scale for DeFi apps.”

The market shares of EOS and TRON will go upwards in the upcoming months as per the EOS newsletter and Anndy Lian isn’t sure how fast this growth will be:

 “The market share is starting to spread but it will be slow. Ethereum will take the lead till 2021 on DeFi while the rest are playing catch up.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]



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Anndy Lian on CryptoNews: Ethereum Won’t Give Its USD 4bn DeFi Throne to EOS, Tron Anytime Soon

Quoted by Anndy Lian

“Ethereum has the first-mover advantage, as it has had at previous times in crypto history, from taking the lead in ICOs [initial coin offerings] and smart contracts and now DeFi,” said Anndy Lian, a Singapore-based cryptoasset advisor and author.

Lian also noted that Ethereum has the second biggest market capitalization in crypto and is “one of the best testing beds for the industry. If ETH cannot make DeFi work, no one else can.”


Ethereum will likely continue to dominate DeFi in the future, yet other blockchains will play a role. The thing is, just how big and sustainable will the DeFi sector really be?

“If the current players create a proper environment and follow some form of governance, DeFi will grow stronger in the next 2 years time,” predicted Anndy Lian. “But if everyone is trying to get short term gains and every project trying to become ‘DeFi’, then this crazy period will just be a shorter ICO-like run.”



Ethereum Won’t Give Its USD 4bn DeFi Throne to EOS, Tron Anytime Soon

Source: Adobe/mnimage

Most of the total value locked (TVL) into DeFi (decentralized finance) is locked into Ethereum (ETH)-based platforms, and in the short term, it seems like things are going to stay this way.

As for the longer term, industry observers told that Ethereum will remain the dominant DeFi platform, even if other blockchains – such as EOS and Tron (TRX) – will catch up to an extent.

This is because growth among DeFi-enabling blockchains will come from network effects as much as technological utility and capacity. And with Ethereum boasting the first-mover advantage and a rapidly growing, most likely, it will be the ‘place to be’ for DeFi.

The king network rules DeFi

Ethereum is by far and away the dominant DeFi blockchain. Taking data from DeFi Pulse and DeFi.Review, it would seem that it accounts for 90%-99% of the total value locked into DeFi platforms.

Looking at DeFi Pulse, all but one of the 36 DeFi platforms it tracks are based on Ethereum (the other one is Bitcoin (BTC)). Of the USD 4 billion currently locked into these 36 platforms, all but USD 11.5 million of this total is on Ethereum.

Ethereum Won't Give Its USD 4bn DeFi Throne to EOS, Tron Anytime Soon 102

DeFi.Review tells a very similar story: only four of the 26 DeFi platforms it tracks are not on Ethereum. These four – EOS, Tron, Bitcoin, and WaykiChain (WICC) – account for almost 10% of the TVL (USD 3bn) tracked by Defi.Review.

Why is Ethereum so dominant? According to industry observers, this dominance comes not so much from Ethereum being technically superior, but from it being the first to move and the first to gain a sizable base.

“Ethereum has the first-mover advantage, as it has had at previous times in crypto history, from taking the lead in ICOs [initial coin offerings] and smart contracts and now DeFi,” said Anndy Lian, a Singapore-based cryptoasset advisor and author.

Lian also noted that Ethereum has the second biggest market capitalization in crypto and is “one of the best testing beds for the industry. If ETH cannot make DeFi work, no one else can.”

Figures working within DeFi take a similar view. A spokesperson for the Maker Foundation told that Ethereum’s current success lies largely with the fact that it was able to quickly build up DeFi activity on its blockchain, something which attracts more users and more activity in turn.

“Scope, size and amount of activity on Ethereum are critical factors driving the DeFi ecosystem,” they said.

Maker (MKR) now leads DeFi by TVL, with more than USD 1.2bn locked.

A chance for expansion

The Maker Foundation’s spokesperson suggested that blockchains that can interoperate with or build on top of Ethereum may have a chance of expanding their market shares.

“Chains that can easily integrate or build across Ethereum should be able to take advantage of that activity and grow with it by providing scale for DeFi apps,” they said.

On the other hand, the Maker Foundation isn’t entirely confident that the DeFi market share of such chains can be substantial.

“Many of these exist today, but usage indicates that the DeFi market is currently prioritizing activity over efficiency or transaction costs.”

In other words, the DeFi prize will go to the blockchain that can command the biggest network effects. This is Ethereum, and it’s likely to remain Ethereum, even if other blockchains such as Tron and EOS increase their respective shares.

These two blockchains are certainly trying to eat into Ethereum’s dominance.

Early in July, Tron founder Justin Sun announced the launch of three Tron DeFi projects, including a “JUST Lend” credit platform. Meanwhile, EOS announced the launch of the xNation platform in April, working in partnership with Bancor (BNT).

“The market share is starting to spread but it will be slow,” he said. “Ethereum will take the lead till 2021 on DeFi while the rest are playing catch up.”

The impact of Ethereum 2.0

The transition to Ethereum 2.0 – and to a proof-of-stake consensus mechanism – may enhance Ethereum’s dominance of DeFi even further. A 66% majority of polled Ethereum holders are planning to stake their coins in the network once it shifts to proof-of-stake, potentially increasing demand for the kinds of steady returns DeFi can provide.

“When ETH goes into its full scaling mode, this will create another wave,” said Anndy Lian, who predicted a boost to DeFi from Ethereum 2.0.

The Maker Foundation also expects proof-of-stake to boost Ethereum-based DeFi. Although it estimates that the biggest boosts to DeFi’s potential scale will come from interoperability and integration between blockchains, implying that there’s space for other blockchains to grow their market shares.

“While Ethererum 2.0 should bring greater efficiency, it will likely fall on apps to find scale by integrating across chains.”

Ethereum will likely continue to dominate DeFi in the future, yet other blockchains will play a role. The thing is, just how big and sustainable will the DeFi sector really be?

“If the current players create a proper environment and follow some form of governance, DeFi will grow stronger in the next 2 years time,” predicted Anndy Lian. “But if everyone is trying to get short term gains and every project trying to become ‘DeFi’, then this crazy period will just be a shorter ICO-like run.”



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Anndy Lian Moderated AMA Session with Conflux Network, a company led by Turing Award Winner Prof Andrew Yao conducted an AMA with Christian Oertel from Conflux on Asia Blockchain Community #ABC channel at Telegram, 25 July 2020, 2 pm The discussion will be facilitated by Anndy Lian & Cofounder of Jenny Zheng. This AMA lasted for almost 2 hours and the following are the interview and questions.

Time: 14:00pm BJT, 25th July 10, 2020
Guest: Christian Oertel, Conflux
Moderator: Jenny Zheng, Co-founder of Blockcast

Basic Questions:

Jenny: Welcome Chris! Welcome, Anndy! It’s Great to have you guys joining us here in today’s Conflux AMA sharing session!

First of all, Chris, tell us more about yourself. What you have done before Conflux, your education background, hobbies and anything you can share.

Chris: Hello everyone, I’m Chris, and I am half German half Chinese. I got my Bachelor’s in Mechanical Engineering in Hamburg Germany, worked at Volkswagen and buildup a brand new factory in Papua New Guinea.

During my Master’s at Tsinghua University, I co-founded the Tsinghua International Blockchain Association (TIBA), was a senior project manager at a global crypto fund and incubator Blockchain Founders Fund, and co-founded an enterprise blockchain as a service platform before becoming global marketing manager at Conflux.

In my spare time, I like to experience new cultures through travelling and dining :D, study and experience new technologies to stay up-to-date with the tech-world, and communicate with people with different backgrounds!

My favourite soccer team is: SC Freiburg, a German team in the Bundesliga ~

Jenny: I remember u speak several languages, how many you can speak?

Chris: Only three. German, Chinese and English

Jenny: That’s already more than enough lol

2) We understand that you studied and worked in Europe for quite a long time. How was your life there? How is that experience affected your life?

As a half German half Chinese, I was always exposed to the Western culture from a young age, so moving there with 16 was not hard. There are differences in the University system between Europe and Asia, and people there find work-life-balance very important, whereas in China a six-day work week from 9am to 9pm is very commen.

Jenny: I work 24/7……lol

Chris: Haha, I know. Next time we meet, I’ll invite you to relax for a couple of hours :D!

Jenny: I know u r extremely busy when u r on a biz trip since conflux is growing so fast.

Chris: Yes, also the last couple of weeks were super busy as we have finally launched the second phase of our mainnet – Conflux Oceanus, we cannot stop, until we build a fast, secure and scalable blockchain protocol that everyone and use!

Jenny: Congrats! u can keep on going with question 2 ^^

Chris: ok, my biggest challenge there was that food is not as good as in Asia 😛 and that mobile payments, delivery systems, e-commerce is far behind of China and Asia. Europe is a nice place, but Asia is home to myself 😄 Everything is developing faster here, and this is exciting to be part of changing the world around us!
Jenny: haha Yea it’s exciting to be part of changing the world!

Jenny: How you get into blockchain? What is your role in Conflux? What excites you most in Conflux?

Chris: Heard about Bitcoin in 2010, but it seemed too complicated at that time to mine it, as I had 0 coding knowledge, and the information was hard to find. I always heard about it throughout the years but never dug into the technology behind it until I was having a skype call with an old friend of mine. And since then it has been a journey down the rabbit-hole for me.

Investing in crypto in 2017, making a profit and losing it in 2018. Working part-time in the crypto fund I’ve mentioned, starting a blockchain-as-a-service platform last year and then finally, having the opportunity to join Conflux Network 😄It was an exciting journey, and it has only been the beginning!

Jenny: knowing about blockchain back in 2010 is very early, and I also still remember the heat on 2017 and the down on 2018 lol

What excites me the most about Conflux? The founding team set out to build a decentralized platform to transact and communicate, a platform that would underpin a new cross-border financial system that is significantly more efficient and more secure than the current state. The ultimate goal is to create a platform that allows the world to interact in a trustless way – a truly global platform for trust.

Conflux is led by a team of luminaries and pioneers in the industry. All team members are top degree holders, to name a few Massachusetts Institute of Technology (MIT), Carnegie Mellon University (CMU), Tsinghua University, and are with diversified and elite backgrounds. The core team is prominent and well-recognized scientists in the fields of the distributed system, programming language, cybersecurity, cryptography, and game theory. Before Conflux, most of them worked in Wall Street and Silicon Valley.

It’s very nice to work and communicate with smart people every day, and it’s nice to see changes step-by-step!

Jenny: yea Conflux team is famous for being the team with the highest average IQ

Anndy: We met quite a few of the members. All are smart people.

Jenny: And the chief Scientist is the only one who won a Turing award in Asia

Chris: You guys are smart as well!

Anndy: Everyone here = smart to be in this industry. Tell us more about Conflux, what problems it solves? What is the application scenario? What is your happiest and saddest moment while developing it?

Chris: Sure! Let’s have a look at Bitcoin and Ethereum. Bitcoin solves the problem of having a secure and decentralized digital asset recognized by many people – BTC 😄Ethereum solves the problem of automating tasks involving the decentralized digital assets through smart contracts, current hypes like liquidity mining are not doable on the Bitcoin network.

What both of them fail at is: scaling! As their networks are easily congested, the transactions fees are high (limiting the number of users using the network, and the throughput is nowhere close to visa or mastercard (if we need a target of a truly global payment system)

Conflux Network is not reinventing the wheel, but improving it, keeping the best from all worlds and upgrading it so that everyone can enjoy the benefits and to explore unknown territory! And all this, while being secure, decentralized and fast.

Anndy: How different in terms of specs and deliverables when compared to Eth and BTC?

Chris: Let’s use the metric TPS (transactions per seconds):
Bitcoin: 4 – 7
Ethereum: 14 – 21
Visa: 3000
Conflux: > 3500
Jenny: Very impressive, even faster than VISA!

Chris: Exactly. And since Conflux Network is smart-contract compatible, developers can also do more than Visa.

Anndy: Fast is one aspect. The ability to scale is good. With such speed, what kind of use cases are you working on? Taking over NASA? LOL

Chris: Hahaha, Not for now, but maybe in the future!

Jenny: Keep my fingers crossing on that!

Anndy: Real business application is the draw for Conflux. Eager to hear.

Chris: A well-known Chinese aircrafts company will be storing their data on Conflux, so that they will have an immutable audit-trail of their data. One major aspect we are working towards is DeFi and in the long-term, our aims are to realized faster remittances for everyone!

Anndy: Is Conflux working with BSN in China too?

Chris: This we can disclose in a couple of months 😄

Anndy: The blockchain and crypto market have been changing. What do you want to see in the near future for this industry?

Chris: One of our partners has built a DEX on top of Conflux called, where assets from different blockchains can be traded on top of Conflux like on a centralized exchange but fully decentralized and faster than all current DEXes.

Another team is working on FLUX, a lending and borrowing platform. We are reaching out to different stable-coin projects for integration so that more people around the world can use it.

With our transaction costs being 1000x lower than Ethereum, you can use any amount you want to experience DeFi unlike on Ethereum, where some smart contract execution cost up to 34 USD yesterday.

In the future, I see User adoption, better regulations, increased user-experience, fewer scams, and real-use-cases that can benefit everyone!

Anndy: If one of the future scenarios is to reduce the cost of the transactions, it will be wonderful. Let’s get into something more practical for our 3000 community members. They want to know more.

Tell us about the tokenomics and how individual investors like our community members can participate in and benefit from it?

Chris: Sure, Let me talk about our Genisis-Block 😄

5 billion CFX will be released which will be unlocked gradually as Conflux Network launches. This is the distribution:

– Private Equity Funders: 16% of the genesis tokens, released over two years.
– Genesis Team: 36% of the genesis tokens will be awarded to the founding team, released over 4 years and serve as a capital pool.
– Community Fund: 8% of the genesis tokens, unlocked within four years.
– Ecosystem Fund: 40% of the genesis tokens will be offered to community developers supporting the DApps, and will be unlocked within four years.

There is so much to say actually, but here is a link if you want to know more about it:

Everyone can participate in the ecosystem development, help Conflux grow and benefit from it.

If you are a developer, I recommend checking out the grants-program that we just launched here:

And we do many events within our community and with other communities as well, people can participate in the ecosystem development and earn tokens 😄

Jenny: Please tell us more about it? how to join in this bounty system and earn token.

Chris: I warmly everyone fo join our communities to stay tuned with all of our latest events in different regions here:

South Korea:

We have a bounty platform:
The goal for the Bounty Platform to engage users with the ecosystem development, where you can earn FC coins for contributions. The FCs are our FanCoins . FCs can only be earned in the current phase before we launch our mainnet. Once the mainnet launches, FCs will be swapped to the native tokens CFX on a 1:1 ratio.

Today’s lucky winners who win the prize please go to register on Conflux bounty platform:

Exactly, this way we can distribute your FC prices and you can #hodl them (recommended) or trade them on

Jenny: Today’s lucky winners who win prize please go to register on Conflux bounty platform:, and private message Admin Jenny your bounty ID to get your prize~

Jenny: Share with us an inspiring quote for our readers. Eg “I believe in blockchain, it can change the world.”

Chris: Does it have to be blockchain-related?

Jenny: Nope.

Chris: “Jede Lösung eines Problems ist ein neues Problem.” – Goethe (a German writer and poet). It means, every solution to a problem creates a new problem.

Jenny: Haha that’s y our financial system is so complicated.

Chris: I like this one, as it motivates me as an engineer, to never stop finding solutions, as there will always be problems!

Jenny: OK, Now here we come to our selected Twitter questions~ 3 questions to be chosen on Twitter, each winner will get 50FC in reward~ And if your question didn’t get picked, you still have a chance in our Q&A session, in the end, ~ 7 questions to be chosen live, each winner will also get 50FC in reward~

Twitter Questions:

1) @venkatz8: Regarding Covid Issues Peoples searched for the Insurance. mass buying and selling happen. IS CONFLUX gives a solution to this? You are Recently Partnered with LISXX (Life Insurance)So already they Believe you for this type of situations?

Chris: The quick answer is: yes! LISSX creates an ecosystem through which individual corporations, regulators, and institutions enjoy a frictionless way to participate in the massive and misunderstood life settlement market. Currently, the average person cannot sell their life insurance policy on their own, they must sell their policy through a broker — a process that is long overdue for improvement. LISSX is solving this problem in developing an exchange platform that benefits all parties involved in the life cycle of life settlements, across multiple countries.

As one of the largest networks for efficient transaction verification on the planet, Conflux Network brings a heightened level of maturity to the LISSX platform. This partnership allows for seamless life settlement exchanges and increased scalability that provide unequivocal expansion opportunities.
(This is a quote from the Lissx founder in regards of answering the question, I couldn’t answer it better)

You can read more about the LISSX partnership here:———14——————

2) @Mahi55833889: Shanghai Government is agreed to set up a Blockchain Research Institute with Conflux. How It Happens. The Government is Believing Conflux Great one. Will you please Explain about this and what is the current stage of this project?

Chris: The Tree-Graph Institute with the Shanghai Government has been established for over 6 months now. Conflux Network is the only government endorsed public blockchain in China, as we follow the regulations. This is also one important factor of why Conflux Network and not any other blockchain company in China.

The Institute is now building a top tier research team, lead by Prof. Andrew Yao and Prof. Fan Long, to contribute to the rules and standards of discourse in the age of distributed systems. As this is also an incubation platform, we will be gathering talents, technology and applications. The Research & Incubation Center will agglomerate industrial leaders and shape the future from the very start.

It is based on three pillars: investment, incubation, and service. This basis serves to support the development of sustainable blockchain projects. The Conflux Decentralized Application Fund will select outstanding incubation projects on the Conflux public chain, and provide them comprehensive support in terms of policies, funding, and technology. By creating an incubation platform, gathering talents, technology and applications, the Incubation Center will agglomerate industrial leaders and shape the future from the very start.

3) @iGaveUpToPickaw: Can you share some recent achievements done by #CONFLUX project and whats the Future Roadmap of #CONFLUX project for project developments?

Chris: This is a long one 😆But I will keep it short and about our recent developments. We have just celebrated our second anniversary on 2020.07.18 and launched our second phase of the mainnet – Conflux Oceanus. Prior to Oceanus, we have launched the first phase of the mainnet – Conflux Pontus – in April.

During Pontus, we have launched our DEX ecosystem, started several mid-scaled mining campaigns, cross-chain mapped 7 assets onto our network, made many new partnerships (Fliqpay, DeFiner, Lissx, MovieBloc, ZIP), attended and hosted many global events, launched a technical community DAO and 10+ projects have been chosen by them to be developed on Conflux, launched Community Developer Tutorials organized by the Community in China, etc. just to name a few things we did in the last 3 month.

Besides this, we have had a research paper accepted by one of the most renowned scientific publishers, continuously improved our technology, and launched more developer tools for everyone to use.

You can read more about our achievements and what you can expect from us in the upcoming month here: (

Jenny: Thanks Chris, for your sharings, but we are not over yet hahah. Now ill reopen the group chat so everybody can start to ask questions freely. You can choose 7 questions on the floor.

(Tons of questions flooded into the room…)

1) By Venkatz K , Decentralization is the Key of Crypto. But using DAG Structure the Decentralization is Questionable then Why Conflux choose DAG?

We have improved the traditional DAG structure to what we call Tree-Graph. In the so-called DAG structure, each block has only one edge in the figure, and in Conflux’s Tree-Graph structure, each block except Genesis block has two edges: the parent edge points to the father node and There can only be one father; the reference edge points to other blocks, expressing the Happens-Before relationship between different blocks. If you only look at the parent side, the structure of the book is a tree; if you look at the parent side and the reference side at the same time, the structure of the book is a picture. The tree diagram structure refers to such a structure that contains a tree in the diagram.

The Tree-Graph Consensus mechanism made up of the parent edge is very important to Conflux’s consensus mechanism. It enables machine nodes in the Conflux network to decentralize and securely agree on the full sequence of blocks and transactions. The structure of the tree determines the choice of the pivot chain, and the choice of the pivot chain further determines the full order relationship of the block and the transaction. Therefore, it is better to refer to Conflux’s book structure as a Tree-Graph structure than to generalize it into a DAG structure.

In contrast, some other existing DAG-structured projects, such as IOTA, Byteball, etc., have their own disadvantages: either do not support full sorting of transactions, cannot support smart contracts; or can’t use decentralization The way to achieve the node’s consensus on the full order of the transaction, sacrificing security.

2) By Mahathi, PONTUS, OCEANUS, and TETHYS will run separately ? or the Features of these three will be combined after the Tethys Release?

Chris: This is a good question! Actually, Pontus, Oceanus and Tethys are the names of each phase of our manner. Conflux Pontus, was launched in April, and everything we needed to launch, debug and test, has been completed, which is why we have launched Conflux Oceanus on the 18th of July. So the quick answer is: they will run one after another, and when Tethys launches, our completed mainnet is launched. Also, all features of Pontus and Oceanus will be included in Tethys!

3) By Raymund Anora, What is your outlook on the future of #CONFLUX in crypto? What can you do to keep increasing adoption to the whole industry?

Chris: Many blockchain companies have great technology, but one aspect everyone is trying hard on is community building and developer adoption. In regards to community building, we have launched Conflux sponsored PUBG tournaments or TikTok campaigns to not only do the traditional community expansion of blockchain companies.

We have expanded our communities to Vietnam, South Korea, Africa and will start a community for Russian speaking regions next week and Turkey as well. We are never stopping the expansion.

For developer adoption, we have launched our grants program, so that developers can realize their dreams on Conflux. One thing I have to mention is, Conflux Network is Solidity and EVM compatible, so Smart Contract Developers can easily migrate their existing work and deploy it on a technological superior blockchain network.

We are making new partnerships every month, and besides pushing developer engagement ourselves, we have a Technical Community DAO, which has already approved grants for community members to develop on top of Conflux.

Since Bitcoin and Ethereum Networks are the most commonly used networks, we have created a cross-chain asset protocol for interoperability of different blockchains.

If you’re interested about the tech behind the cross-chain asset protocol ShuttleFlow, I recommend this article:

4) By Venkatz K , Recently the Phase II OCEANUS is coming to Live. How is the response to that from the developers? What’s your Plan about Releasing the Final Phase TETHYS?

Chris: Developer adoption is increasing day by day, if you’re a developer I strongly recommend joining our Discord channel:, Or our forum:

I was super happy to find out, that a project called “Bitquery”, integrated the Conflux Network on their unique Network Tracker without any knowledge about it actually, you can find it here:

And since we are PoW, based and you’re interested in mining with your CPU for now, please visit for more information about the participation to earn some additional FCs by contributing to our network!

5) By Jadmine, What is your strategy to survive in the long bear market especially now Defi coin are now booming how #Conflux competitive?

Chris: Right now the market seems bullish, at least in my opinion. Besides the two projects (DEX) and Flux (Lending and Borrowing) that have been launched or are being launched, we welcome everyone to build on top of our DeFi ecosystem. On this landing page you can find more information about our DeFi ecosystem:

I’m still unsure whether this DeFi Liquidity Mining thing is sustainable. One problem I see for sure is that only whales can benefit from it, and since the market is relatively new, it’s riskier than other existing DeFi platforms.

Jenny: 5 questions taken, 2 more to go~ im getting many private messages as well, hoping to know more about Conflux but due to time limit I think Chris can come back later next time to join in us ><

6) By SH, How safe is conflux for investors? Would you like to talk about your legal and security Measures?

Chris: During our private funding phase in 2018, the biggest investors of Conflux Network are traditional VCs like Sequoia China, IMO Ventures, MetaStable, or Baidu Ventures, just to name a few. The only reason why we are the only publicly endorsed public blockchain company in China is that we follow the regulations. We do not plan to change this.

As for the security of the network, we work with many 3rd party auditing companies to ensure a high-level of security. But from a networks perspective, we have integrated many mathematical proofs to show that attacking the Conflux Network, or trying to be faulty miners will not benefit!

7) By Venkatz K , why Experimental node is not from India. India is one of the biggest populated country a big platform for crypto. what are the minimum criteria for experimental node test?

Chris: If you have more questions about running a node just ping me. I also strongly suggest our developer documentation: for setting up your private node of you want!

Jenny: Thx Chris! Thx for joining us today!!!

Jack: Thanks for AMA @ConfluxCris , give my 2 hours and learn,

Chris: And a massive applaud to @anndylian and @jennyzheng3568 to hosting this AMA and inviting me!

For more information, head down to to find out more. 



Original Source:

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新加坡区块链专家Anndy Lian对话Knnit -二线交易所的出路在哪里


Knnit: 首先请您简单的介绍一下您自己。

Anndy: 我是Anndy Lian,目前我主要为政府提供区块链咨询服务,并担任瑞士Decent基金会的主席(亚洲), 可能更多的人认识我是通过我写的区块链科普书籍《 2030年区块链革命》。2017年以来,我一直活跃于区块链市场。2010年初,我有了我的第一枚比特币,当时它们的价值小到可以忽略不计,大家都没有想到今天它的价值已经突破1万美金了

Knnit: 您认为二线交易所有独特的卖点吗?他们的价值在哪里?他们提供了头部交易所没有提供的服务

Anndy: 毫无疑问,头部交易在市场上拥有绝对优势,他们几乎垄断了市场绝大部分的资源和用户,所以就给二线和小型交易所的空间就很小了,因此他们为了生存就需要特别努力奋斗。



Knnit: 那二线交易所应该如何突出重围呢?

Anndy: 他们需要一个新的模式一个新的玩法,如果能成为业内第一个成功的模式的话那成功崛起也是可能的。但是,新模型也意味着高度的不确定性和风险。做得好,可能成为Bitmex(第一个引入合约)做砸了,那Fcoin(交易挖矿)就是前车之鉴。

Knnit: 在整个行业生态来看,二线交易所发挥什么作用

Anndy: 启动鲶鱼效应的作用吧。二线交易所就像沙丁鱼中的鲶鱼,更多的玩家意味着更多的竞争,更多的竞争带来了更多的创新和更好的服务。而且他们已有很多成功的案例可以借鉴,可以说站在巨人的肩膀上,他们可以以最整洁,最有效的方式进行构架设计,可以更自由地尝试新功能,更快地响应和适应市场。而这也反过来刺激了头部交易所和整个行业做出响应,提高效率和服务,对于用户来说是件好事。

Knnit: 未来在交易所这个赛道除了竞争之外,是否也会有合作或者资源整合?

Anndy: 这是肯定的,并且它已经发生了:


2)小型/新交易所正在更多地采用头部交易所的云服务,这样它们就可以轻松,廉价地启动。而且当它们成长良好时,甚至可以从头部交易所获得投资(例如OK Cloud在海外扶植的众多当地交易所)

3)大型交易所也一直在投资有潜力的中小交易所,例如Binance向WazirX India投资。

Knnit: 对交易所这个赛道还有哪些其他看法?

Anndy: 新的交易所还是会不断涌出,并且现在开交易所也更加容易了,有ChainUp,HyrdaX,SHIFT等这样的公司可以为他们提供技术服务。一些趋势可能会复兴,例如DAPP和去中心化交易所(DEX),趋势可能会一直延续到2021年中期。我也一直都非常关注这些可能性。简而言之,二线交易所将不会消亡并且不排除会有黑马出现,这是行业发展的必然需求和方向。

 要了解有关区块链的更多信息,您可以在其网站(上访问Anndy Lian,并在Twitter(上关注他。


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Anndy Lian Chairs Discussion on “Commercializing Blockchain in ASEAN: A Race for the Future”

Anndy Lian is the moderator for the second CABA Series virtual event with the theme ‘Overcoming Covid-19 Commercialising Blockchain in ASEAN’ this coming. He will share insights on what is the blockchain industry like right now and what should be expected in the future. Blockchain technology has grown at a fast rate in the last 3 years. Blockchain solutions are available, ready to use and are poised to revolutionise how business, government and academia tackle issues for the future. With its ability to create transparency and fairness and saving businesses time and money, the technology has impacted a variety of industries. COVID19 crisis has revealed a general lack of connectivity and data exchange built into our global supply chains. Future resiliency will depend on building transparent, inter-operable and connective networks. This is where Blockchain comes into place.

At this virtual session, the panellist will give an overview of the blockchain industry, regulations and some promising areas that should look in the near future.

Blockchain Regulatory Framework
Tan Chong Huat, Senior Partner of RHTLaw Asia LLP

– Blockchain Regulatory Framework in Asia, Europe and America – A comparison
– Law & Practice in Singapore
– MAS Regulatory Framework
– Why Regulatory Framework is important for Blockchain

Tokenisation of Real Estate
Jayaprakash Jagateesan CEO of RHT Fintech Holdings Pte Ltd

– Understanding the exciting possibilities offered by the tokenization of real estate assets;
– Fractionalisation of real estate assets – what it means to investors and asset owners to split the ownership through the issuance of digital securitised tokens;
– Using Distributed Ledger Technology to register ownership and tracking trades in a regulated market

Panel Discussion
Future Trends: What should we look out for?

Tan Chong Huat, Senior Partner of RHTLaw Asia LLP
Jayaprakash Jagateesan CEO of RHT Fintech Holdings Pte Ltd
Anndy Lian, Chairman (Asia) of Decent Foundation
Dominic Morris, Chief Technology Officer of SDAX

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Anndy Lian Speaks for China-ASEAN Business Alliance Series: Overcoming COVID19 – Commercializing Blockchain in ASEAN

Anndy Lian will be the moderator for the second CABA Series virtual event with the theme ‘Overcoming Covid-19 Commercialising Blockchain in ASEAN’ this coming. He will share insights on what is the blockchain industry like right now and what should be expected in the future. Blockchain technology has grown at a fast rate in the last 3 years. Blockchain solutions are available, ready to use and are poised to revolutionise how business, government and academia tackle issues for the future. With its ability to create transparency and fairness and saving businesses time and money, the technology has impacted a variety of industries. COVID19 crisis has revealed a general lack of connectivity and data exchange built into our global supply chains. Future resiliency will depend on building transparent, inter-operable and connective networks. This is where Blockchain comes into place.

At this 3-hour virtual session, we will give an overview of the blockchain industry, regulations and some promising areas that should look in the near future.

The event will be on 30 June 2020, 10:00am – 1:00pm. Book your complimentary ticket now.

Blockchain Regulatory Framework
Tan Chong Huat, Senior Partner of RHTLaw Asia LLP

– Blockchain Regulatory Framework in Asia, Europe and America – A comparison
– Law & Practice in Singapore
– MAS Regulatory Framework
– Why Regulatory Framework is important for Blockchain

Tokenisation of Real Estate
Jayaprakash Jagateesan CEO of RHT Fintech Holdings Pte Ltd

– Understanding the exciting possibilities offered by the tokenization of real estate assets;
– Fractionalisation of real estate assets – what it means to investors and asset owners to split the ownership through the issuance of digital securitised tokens;
– Using Distributed Ledger Technology to register ownership and tracking trades in a regulated market

Panel Discussion
Future Trends: What should we look out for?

Tan Chong Huat, Senior Partner of RHTLaw Asia LLP
Jayaprakash Jagateesan CEO of RHT Fintech Holdings Pte Ltd
Anndy Lian, Chairman (Asia) of Decent Foundation
Dominic Morris, Chief Technology Officer of SDAX

About China-ASEAN Business Alliance (CABA)

China-ASEAN Business Alliance (CABA)’s core team are well-connected ASEAN-China experts who will able to provide customised Management/Consultancy services for the CABA members who require more than introduction and networking opportunities with other businesses and trade promotion agencies.

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Anndy Lian Speaks about Investments and Pivots during Pandemic: Robotics, and Gaming

Join Anndy Lian and his fellow speakers at the Online Roadshow “Investments and Pivots during Pandemic: Robotics, and Gaming”, at 1 pm UK time (GMT+1) on June 24th, Wednesday.

Anndy Lian will share:
– How AI and robotics influenced the way games are designed;
– How innovators, roboticists and gamers gather to form the future of gaming;
– And more.


1 pm UK time • Panel discussion: Investments and Pivots during Pandemic: Robotics, and Gaming
– Are there recent cases of investments?
– What does the new investment process look like?
– What are the pivot success cases?

1:45 pm UK time • Online Pitch Competition



Sailesh Sigatapu, General Partner at Anthill Ventures
John Mushriqui, Entrepreneur – Angel Investor and Mentor at Startupbootcamp
Eduardo Garcia, European Union Director of Operations at SORIANO MOTORI AG
Henri Asseily, Partner at Asseily Group
Nesh Sooriyan-Larsen, Entrepreneur in Residence at Accelerating Asia
James Lee, Investment Associate Director at Photon Fund
Anndy Lian, Inter-governmental Blockchain Advisor & Chairman (Asia) at DECENT Foundation
Sam Subramaniam, CEO of Brand Capital – The Times of India Group
Ntasha Berry, Co-Founder & Partner at Venture Gurukool Capability Fund


CADEOS: Maria Jose Arroyo Gerez Assistant Manager at Avicola GEMA
MIDDLY: Steven Thomas, Founder at Middly
CIS: Raju Chavan, President/CEO at Cross Industry Solutions
AGROPLEXI: Mayowa Ogundele, CEO and Executive Director, AGROPLEXI

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Anndy Lian: Blockchain Market Predictions & Recap- “Ethereum is a big force to reckon with”

During the segment Anndy and Nic talked about:

– What is the new value of “Trust”
– How blockchain is adopted during the COVID times?
– Ethereum is the big brother. How ETH leads the industry?
– How is the investment climate is like for crypto, tech and traditional markets?
– Who can take over Bitcoin’s position as the number one crypto?
– Competition increases innovation, improvements and keeps the young industry going. How is the competition like?
– Who can be an Ethereum killer?
– First mover advantage for Bitcoin & Ethereum. Can other projects catch up?
– How is blockchain helping climate change and energy market? Bullish or Bearish?

For more information about:

Anndy Lian:

Bitcoin Live:…

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Anndy Lian- Certified Subject Matter Export on Blockchain with Global Skill Development Council

Anndy Lian is one of the four subject matter experts at the Global Skill Development Council (GSDC). He helps develop and validate course content, exams and Emerging Technology Certification program.

“I believe in giving back to the community. Being a subject matter expert in Blockchain, gives me the opportunity to create the right kind of awareness for the industry and bringing businesses to adopt and embrace this new technology. Sharing knowledge is something that I am passionate about, feel free to connect with me, I am glad to share what I know.”

Global Skill Development Council (GSDC) is an independent, third-party, vendor neutral, international credentialing and certification organization for Blockchain and Six Sigma professionals. It is the Official Certification Accreditation Centre for Blockchain & Six Sigma Certifications.

GSD Council is a membership organization dedicated to growing, enhancing & certifying the skill within the Blockchain & Six Sigma Community.

Anndy Lian will continue to develop more programs for the Blockchain industry.



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Anndy Lian Shares Insights on Blockchain Technology Adoption for Government

Anndy Lian, an intergovernmental blockchain advisor and book author of Blockchain Revolution 2030 met up with Jan and Nic from Bitcoinlive to share industry updates. Anndy touched on topics on how receptive are governments when it comes to blockchain adoption.

  • How acceptable are governments with blockchain technology and cryptocurrency?
  • How will blockchain value add to some of the governmental initiatives?
  • We are doing better than the traditional markets right now. What should be the mindset of crypto companies in the next few months?
  • Huge number of Bitcoins bought by institutions, what are the possible outcomes? – How regulations can keep the industry safe?

You can watch the video on this Youtube link:


Or read the transcript here (Transcription is not edited, exported from Youtube transcribe option):

Anndy Morning all good

bright and sunny outside yes you can see

oh wow yeah it’s good to see you it’s

been a while yeah good to see you in

real life you know how’s things going

yeah yeah we have been through a lot lot

of development on the outside a lot of

nice interviews nice people joining us

from Twitter

we had gokon crypto on the show and

crypto finally yeah two big influencers

and they know a lot about crypto and

blockchain as well from the states and a

lot of new guests are lining up yeah so

that’s really cool

but it’s good to see you yeah so how are

things at your end and any new

developments you’re working on not not

really not really but yeah in about a

month time or so you know I have to look

at some some other activities with the

government because my mind my beauty

with them is that going to beat you soon

so I’m also thinking of what else do you

do you know the for me from from a

governance perspective and also at the

same time we we also get other things so

so they’re new commands a female that’s

really exciting Anndy I see you you’re

enthusiastic about something but you

cannot tell us yet so we’ll wait and

we’ll wait and see

yeah really I’m getting excited if I see

that look in someone’s eyes then yeah

we’ll keep watching and learning so let

me know like you need anything in terms

of you know if you look at the crypto

finally and and and the ladies and so

forth you know most of them they are

speaking from the same time zone yeah

and so I I was also finding the idea of

having multiple speakers here on

different times

from different countries permanently as

a as a segment yeah so so that we could

all interact and share some of the

latest updates you know from from the

crypto scene or from the critical

business scenes and so forth so that it

would be something then be good we could

have a own version of DOS at any of them

yeah yeah great that would be really

nice can Paul

yes yeah yeah well you know tell them

about this idea I think it’s a really

great idea because you also had the

blink list you on Twitter and yeah and I

personally think we spoke to a lot of

people last time we had at one or slap

in the show as well and that guy had so

much knowledge about how do you say it

again validating a crypto wallet he

explained to us he’s a programmer as

well that we have a lot of trust in in

wallet and he says crypto is very safe

but the wallets aren’t a lot of wallets

aren’t and I well I was scared a little

bit but he explained it in a really nice

way and he is trying to validate as much

as many wallets as possible to help the

crypto community be safe and he knows a

lot about blockchain as well so that’s a

really nice to get to talk to more and

more people who have their expertise in

in different parts of crypto and

blockchain so I think your ID would be

really great to try out yeah just

combine different perspectives and on

the crypto world some technical some

just use case and some yeah so you can

combine all those knowledge oh yeah

although no mature wisdom because I’m

because I’m on a very practical side of

things he’s he or she is right that most

of the wallets are not not compliant and

I’m not safe in many methods but then

the next thing would be which one will

be the good wallet yeah so based on what

I see there are a couple of good ones

but many many bad ones wrong so yeah so

then there will be a separate that would

be a separate channel yes yeah I also

almost thought about making our own

Bitcoin live wallet my spy him but then

I was getting a little bit scared if

people put a lot and a lot of money in

their wallet and it will go wrong then I

will be accountable yeah this is best

legality issues when you do that so yeah

I will not ever ething is decentralized

okay right no we just keep this off yeah

we’re now live in the show you are live

in the stream there Anndy so that’s

important to know

yeah you do you jumped into the last

year so yeah this is life ya know we can

talk about wallets and so far one on

another on another day you know some

Chinese experts in our shared someone so

yeah I would yeah when it comes wallets

yeah you know so let’s let’s do that man

let’s do that okay what are we going to

talk about the daemon yeah we want to

talk about governments yeah so because

you you’ve done a lot of work also I

think with European governments but of

course a lot of work in Asia and we know

some of the European developments but we

have we have no clear view of what’s

happening in Asia if you can tell us

something about it but also your work on

in Europe is I think very interesting

because you’re working behind yeah

behind the screens yeah we aren’t I

seeing no okay

so maybe maybe some of some of the

things about government is neck

a lot of things are behind the scene

right now most of the most of the work

that is being done very much on on a

partially trial schemes we are the one

who have very very certain technology in

place before they roll it out on a

national level

yeah so so start up the government that

I’m involved with I’m not going to name

them because they are Sun sensitivity

behind this all right but but I can

share if you do a few things that are

already in the pipeline yeah some of

them are really working on a digital

identity how the identification is going

to work you know when it comes to the

the data and the sensitivities and and

so forth so I know government are really

working up at that yeah some government

like Singapore they have rolled out

things like um satisfying certificates

you know the applications beyond

diplomas right education so that that is

a really being done by some of the

government I know one of them is

Singapore and is the open project open

source so that that day something is

done the identity one is a bit yeah this

would be a sensitive super go I know I

do not want to name Budhia

now on soil but apart from apart from

all these things you know they are also

looking at several things one is how we

could really create a kind of trust

between the citizens and also between

the government setups or the government

organisations yeah we are also looking

at how blockchain can help to create the

kind of trust there between between the

two bodies so it’s just again in a very

generic sharing session here

so I also I would betray the trust sorry

so you you said they want to establish

trust between the user and the public

and the government so so yes yeah how

what’s their few on how to reach that

goal how do they one do you you have to

see the whole situation based on

different countries you know some some

countries they have already gotten a

very good digitized platform that

provides feedback that provides voting

that provides a two-way communication

between a citizen and the government you

know some some of them have really done

that so for those who have done that

based on what I understand many of them

felt that you know it’s not necessary to

look at blockchain because they have to

I really have a system that is good and

running yeah

if no one to spend too much time on

something that is new and potentially

put them in yeah the worst off stage you

know so so that is that is you know part

one of it part two of it where

government are a little bit more

backwards they are willing to change the

system which you have not that great

system they are all very happy to look

at how blockchain strong film in humans

as a truss yeah we you you just take

that base for them have been we are very

two sided right now you know on

technology adoption so they want

something I state and I was just is also

sharing another another part of the

government would like to actively push

the word innovation into the system and

a day of often spec blockchain of

cryptocurrency as a form of innovation

that they they one will look at so so I

think for for government we are yeah

open yeah they are not very open to

everything because the he would you

would be

Reese you know what if something goes

wrong when you implement something like

this so yes – we might open India in a

very much safe zone right now a learning

stage yeah but they’re catching up very

fast because um I think we said yeah I

put up a tweet post you know on Twitter

saying that you don’t more more sound

professional you know should be taking

up roles within the government sector

you know within a business sector you

know or even within a crypto company yes

um III do see that if we can get in more

people who are like-minded a very sound

in your thinking yeah the duction within

the government sector would be a lot


because right now a lot of the scholars

or the the higher position guys they do

not understand the technology to n you

know because they are not they are not

business people you know they tend to

pick on a very safe route yeah you know

you have two more companies would ever

be F them some or the interpreter kind

of mind to grass you’re right right

alright so they have some problems you

know trying to set up you know whether

they are going for option a option B

yeah yeah is an option C so so things

are very very dragon you know whether or

not they wanted to wait on me people not

want me to it yeah yeah and it’s also a

big change of course if you go to like a


crustless or maybe or a digital dollar

it’s like a huge but but also Nick you

you touch the subject lightly I just

downloaded the app of cific its kind of

privacy it’s it’s your identity a

digital identity and you have to put a

lot of your data in it so it’s a bit

tricky I don’t know I I sent

decentralized it is but it will be

probably used to give your access to

certain health care health care or


for traveling so you can use it for both

sides for good things to be safe and to

that that you can own your own data so

you each time you have to give some data

you will get asked – if it’s ok to share

it yeah this is what did you buy it

works on

yeah actually rotate and icon is doing

that the same thing I think in in Asia

and there’s a few more big platforms or

really good well develop platforms who

are trying to do this but you also

always have the part that that you can

also use the privacy in a different kind

of way so that’s a little bit tricky you

have to trust the other end of the part

of the party that’s working on it yeah

yeah do you think without saying any

countries or names of countries do you

think that will be a very will be coming

soon in a lot of countries that you have

to have an app like that or in a way of

governance through through a through an

app decentralized app well see seen

since Israel I recorded you know I do

not want to mention our country but we

will see a very strong pilot trow the

Left will be announced in the public in

the next six to eight months

yep four four four four what for that

for that for that part of all of things

yeah but I also do see that blockchain

companies actively trying to reach out

to government there are unrelated

companies or organization to salya a

solution and under and out of which a

huge proportion of it goes into the the

identity each time that he kind of a


and that that is actually a very bad big

step back you know for Gotham yeah if

you look at it if you look at some of

the proposes that I have seen or some

that were being recirculated to us you

will realize that it creates a very bad

stigma for us you know from from the

blockchain industry because most of

these solutions are not really so as

more of these companies go into

government can deal with that kind of

you know maybe half-tons illusion yes

it’s going to keep us a very bad thing

so I I’ve seen you know I’ve seen people

who are trying to solve the KYC yeah

yeah or trying to solve some banking

related issues you know on blockchain

Oslo probably identify the data how they

capture the data from the screen and

then how they make those daytime to

certificate to identify that hey you you

are to are Nicolas let’s go for pizza

yeah but but those data has a lot of

undo poets well yeah you know though so

in my opinion is done for companies who

are really serious about your business

and we may or may not know that they are

not ready here this should really you

know sherry in the public and then see

some expert opinion on some of the

things that they are trying to put forth

because as a as a government guide as

well you know we look at things that are

credible you know wow we just imagine

you know you just imagine open up to a

tender for for blockchain related

projects pertaining to each identity

yeah five tender that that you get or

some of the five proposes that you get

for them are not ready you know and then

one of them they seem to be ready but

you know the government guys would have

real of us you know a lot of skeptical

thoughts you know they are unknown

the projects right so they might think I

very man you know all these the

blockchain guys are not doing the job

properly and get solutions are not that

great you know why don’t you go back to

the same ol same ol bender you know that

there’s in our country that is doing

well reading in the market or they

already doing facial recognition and

blah blah blah and so so III have this

more personal guy I don’t think that

this should put up projects that are not

really and then push it to the

government because then will then go

back to the mix go go to the next topic

about regulations and Katya if we have

the kind of impression of perception

that you know oh this is busy sir this

is abortion industry you know then then

then what would be the governance or the

regulations as going to come up from

from from from all these regulators they

would think that you know seems you know

we are not ready you know maybe the

cryptocurrency part is also not really

you know not ready for mainstream so for

vessel and give you a lot of obstacle

you know for companies to go into this

go into the adoption mode and then we’ll

also deter and and put us do a backward

position yeah so those so so again you

know we have to emphasize on things that

are credible yeah things that are new

over so then so that from a government

perspective they look at us from a very

different mindset you have a platform

you know those guys are you know we’re

here no but they may not be able to do

the work yeah so I think this should be

something that you know we have

everybody you know let’s this let’s do a

good job you know let’s promote

ourselves properly ya know and and I

think we will go on very well you know

in the Knicks in the last fourth of to

zero to zero because I do see that

companies trying hard yeah government

are trying to open up very much

zendo so because we look at is from the

more inside spider spectrum so if you

are not ready you know the government

folks the director who is working for

the minister with you know you very

politely you and say that well it’s a

good job but if I could certainly some

of the emails that we have got them from

some of this assessment is is horrible

you know we you wouldn’t believe you

know how bad he was you know some of

them right now you know they actually do

a teaching on and soon yeah a lot of

these are being captured and that is

going to be very bad you just imagine if

there’s a wiki leak or there’s a supply

chain week you know where it’s circling

all these videos out you know what their

time or their pitching that would be

really bad for for the hospital I do

hope that people just some not just

people just just company is going to be

very very pet food we’ve what we are

trying to put true yeah no everything is

recorded man yeah that’s true

professional yeah yeah that’s good

advice there Anndy yeah you see like I

sometimes get the impression you got

like the very big countries like China

and America there of course pushing for

their digital currency but you you see

actually see more adoption with the

developing countries like Cambodia and

and others that that that and small

islands and small islands that

recognized the the power of blockchain

and they’re very flexible and also the

integration of blockchain and AI and

machine learning and internet things

yeah you know those things all come

together of course oh they want to start

a real new economy and a new style so

but but do you see that the developing

countries are in the lead in this race

again it goes back to my earlier

conversation with the option one option

two right option one is

a country that is fully developed you

know more to live what it is in

Singapore I do see that Singapore is

fully developed in terms of the

infrastructure in terms of some of this

a credit system they want us agree about

them when you’re a Singapore due to

quickly adopt things like blockchain

cryptocurrency or even digital payment

we are there we are we are quite far

behind from some of the countries that

are developing they’re not developing or

maybe some of the countries that that

you don’t really you know see them as

real competitors but but they your

adoption rate is not high yeah no but

then you come back to the the crypto

scene and the blockchain see you know

countries that are developing or they

may not have the full structural

component yet for some of you or some of

their key key sectors or some of the key

functions they are more open or change

in there I’m not opening the floor to

get them open a lot more open to look at

how to incorporate new systems a new

technology into the media framework yeah

so those people are more or less

skeptical and they are willing to try so

yeah so so far I’m not good really bad

blockchain adoption examples no to be

honor be honest some of the smaller

islands or some of the smaller cities

blockchain in some of their

financial systems yes I am be aware so

how early persistently so forth or even

some to the supply chain yeah they did

very well because they start off as a

plane he’s Armenian and us real of their

space their legacy problems you’re right

man so so there are a lot more adaptive

to the situation and they are more open

to look at cumulative possibilities or

new opportunities for them to grow

a few steps faster than some of the

neighboring countries are example you

know some some of them maybe in the

supply chain woman you know God

government mod G G to G to be kind of

relationship here is that no we also

tell them you know if you are selling

mineral what you know you know from a

certain country you know yeah if you can

authenticate your mineral water or give

some proof of certificate that this is

real from from this displays and so

forth you know you can do your country a

lot better you know than just filling up

water with with you know importers and

trying to sell them up

so these things back to a certain

marketing gimmick how how to position

your product how to position your

countries put up and so forth

that really helps you know so them so we

we see that there’s a lot of pro in

terms of you know even tracking proofing

that this product is really it would

give people the confident that you know

just example you know some people would

say that Haley no I I don’t like Chinese

product you know they are not not good

you know the quality is bad as I try you

know but but coming to the fact if you

are able to authenticate this

reassurance you know like what BJ was

trying to do yeah through much other

projects you know then then it creates a

value for the company as a technology


ya know also keeps the country a better

name because you took the extra mixture

and the Prada is from your country yeah

so so things things like this you know

technology really help and the

technology can help to advance em into a

different stage and and this why Ghana

man is a very great food you know of

technology like that you know a lot of

things I mean supply chain is just one

thing even if all for some of the

countries who are very pro casino or

game yeah

first we want to do one you want to see

how can they open up you know your

casino services and thanks Devon you

know what’s important you don’t go to

tax then yeah yeah that’s important so

alder right true true true the the use

of cryptocurrency

and that can be done very easily Joe you

know using US dollars we’re a lot of

money we’ll just you know just just just

disappear battery that you know from gap

from data for now folks yeah

look if dome and that would give them

accountability more morning

opportunity to thank them yeah no again

government do you like the fact that you

know everything is traceable yeah true

yeah yeah so I think it’s still a very

good thing for government you know so

when you when you look at this

development of digital currencies

against the backdrop of the economic

situation right now

do you see it like an accelerator or

what do you think the impact is of the

economic the current economic situation

on digital currencies this is purely my

personal opinion I find that you know

there are people online who are trying

to compare cryptocurrency the goal

cryptocurrency the US dollar and so

forth and then and then they also try to

compare two different financial systems

you know that is that is in the market

right now right you also talk about how

the stock market is like versus how the

criminal market is like how volatile you

know cryptocurrency are and so forth but

but to me I think I think

cryptocurrency or maybe we talk about

very specific like the Bitcoin network

where the program and so forth what what

what we are trying to do here in this

industry is not to compete with current

traditional finance markets you know

what we are trying to do is

so like a trowel run a smaller trial run

to show people you know if if I’m the

bucket maker behind bitcoins I’m no I

would think this offers you opportunity

to show people that hey you know during

the worst days right now you know we are

doing better than the traditional jerk

yeah we are we are doing a slightly

different way and then we have a

different mechanism to show them that

hey you know during bad times the crypto

market even the all markets are


  • if I’m the market and I do that who

give confident to all the people who are

into criminal currency and then to show

the mainstream media and the mainstream

business man yeah no no we are doing

very differently so so again it goes

back to how the whole marketing message

is going to be like only by examples

yeah be a good example

yeah yeah we want the top right you want

the top and the year you can show good

results right we yes you can look at

some fit statistics you copy but I hate

Wow Wow everybody is being very badly

you know we have you know we have a

proof of eczema yeah I hope this story

would be like that you know but I am Not

sure you know I’m not sure there’s more

like a direct competition and a lot of

head banging I don’t really see that as

a competitor because you look at the

market cap and the size this is you know

how however big you know some of some of

the exchanges are right now my bad okay

ask you consider small in the financial

market true so so the good thing about

what we can do right now for exchanges

is to show that they can survive better

yeah you linger at times and if they can

survive better during these really bad

times when the whole Cove in nineteen


his back is gone you know they can

become goofs up a lot of confidence you

know in the inner ear and again this

gives the government guys a very very

good experience yeah he would think that

we you know things are different right

now right yeah there were a big few big

signs that are positive for Bitcoin

especially like Paul Tudor Jones one of

the largest investors in the world

endorsed Bitcoin and of course greyscale

who’s buying more Bitcoin than any other

person or entity at this time I thought

I bought up 1,800 bitcoins each week

something like that so that is endorsing

Bitcoin I’ve in a person that’s my

personal opinion then but it gets gives

credibility to Bitcoin especially and

the crypto market in general if they

keep that up well we could see another

end of the year for a crypto currency in

in general yeah you know let me ask you

if you continue to buy that many Bitcoin

and keep them you know what one would be

a possible outcome from economics then

it will be centralized yeah that’s

that’s a little bit dangerous I think

and if they get to large portion of the

Bitcoin the liquidity will go down and

then eventually the price will go down

if they keep their Bitcoin in their


yeah yeah right but they’re like custody

yeah but you got custody means that they

can use to use the Bitcoin you know acid

rain so yeah I just don’t keep it as

light design so again you know what

grace Kier is trying to do or some other

institutions who won well I mean they’re

not in the media alignment you know they

are trying to do is to use through a

whole as many as possible but as they

are trying to do it is a platform you

know centralization or you know you know

centralizing a lot of these I said

together liquidity would be a would be a

big issue as now through and

and then a lot of a lot of people who

were thinking about you know playing

with futures and options and so forth

you know they’ll be in you know what’s

off situation do you sell this you know

you’re just buying future money man so

so again caution on all these things

that stirs this give government more

confident I don’t think so man you know

is this gonna give businesses more

confident reduce this yeah I don’t think

so because they would they would think

that you just become a you know a bank

if if you have a lot of Bitcoin with you

you can become a big banker there are

new Goodman it mean so so again a lot of

these things boil down to you know the

whole market is not just about peak on

the market it’s about how you look at

all the kryptos another use cases the

technologies we are being being being

adopted by so even then that two

portions are done beautifully then

actually bitcoins will do thanks so

we’ll look at it like that too because

we we love Bitcoin of course but we also

see the rest of the old coins putting

something valuable into the mix it’s not

just Bitcoin now now I think the use

cases and the integration and the

usability because some yeah stuff is

still too hard to explain to your

granddad or your neighbor so if you have

a yeah and to yourself so it has to get

more usable still the wallets are

getting easier and easier but still you

have to know a little bit about it more

than you do just using your bank account

so it it should be easier you know yeah

there’s also the whole itõs like being

your own bank you have to you have to

teach people again too

to take responsibility to take

responsibility and to learn what’s money

and where does it come from and how does

economics work so yeah there’s a lot of

catching up to do

yeah that’s very true but but being on

the bank

you know means a lot of responsibility

there right so you know we talked about

this very casually but you know when

you’re really gonna do it

it’s very hard yeah easy you know the

problem of people defaulting on loans


these credit cards easy yeah all right

so you’ve got a bank yourself if you

have a bank and then someone took your

money and then you run away yeah there’s

no way you can get it back no no that’s

a Leo Wonder slap also said you know

some of those bullets are probably exit

scams or somebody can get you know

threatened yeah and then they’ll just

take your phones and they’re gone and

you cannot find them anymore as a normal


yeah there’s nobody to go to so there’s

a lot a lot of work to do it that’s why

we really love your vision and the way

you talk about blockchain and crypto

because you are very good at mirroring

the responsibilities but also your own

accountability and your own how do you

say oh yeah and it’s also very

interesting to have the government

perspective on this because because in

the crypto world there’s a lot of

negativity towards governments and

central banks but they yeah of course

you will have banking in the future you

need some sort of regulation you stay

safe and if if if it’s all down to

anyone who can make a wallet or anyone

who can make a cryptocurrency

then you have a real danger of losing

all your money and if it’s all your

savings as a person or a company yeah

then you will never trust

cryptocurrencies again and I think

there’s also a lot of there’s the theme

of the Millennials and they don’t trust

big in institutions like with the fourth


there’s a lot of pressure on

institutions to improve to improve and

to regain that trust of future

generations GNC and Millennials which

will be I think very difficult and yeah

maybe we get any because we wanna run up

the show we want to do one giveaway

after you leave but maybe we can talk to

you again on that subject because I

think it’s a very important one

yeah and maybe in the near future you

can tell us some more about things

you’re working on when that’s allowed or

when you’re you’re able to and I really

love love what you’re doing so I always

follow you on twitter and any

interesting discussion and yeah that you

launched and yeah will also support

support you any way we can and I’ll

still do some writing yeah let’s do that

I mean just a not missing pistol session

I really love to see how we could all

have a more regular chatting session

yeah people from different parts of the


yeah and I think we could you could

definitely do well and as for myself I

will be ending my my my state with the

government for in about 1 1 1 month

prospect so I’m also thinking of you

know whether God actually put in more

time with certain projects quite

strangers or even when another

government organization so I’ll keep you


no please do really excited and really

interested in what you’re doing so yeah

keep us informed please Anndy although

for your giveaway I’ll be okay thank you

very much

and Elia we say goodbye and see you soon

that and we will ask our other

influencers and people in blockchain and

crypto to tell them about your ID and

try to get them also in touch with you

so we can organize it yeah if you can

let’s do that

yeah and and let’s meet again next week

maybe yeah yeah that would be great Anndy

Thanks all right thanks for being on the

show again

take care bye bye bye yeah that’s a good


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