Posts from the 'Event' Category

On-chain data and Web3 security: Insights from industry experts

On-chain data and Web3 security: Insights from industry experts

On September 28, 2023, a panel discussion on on-chain data and Web3 security was held at the Singapore Management University (SMU).

The panel was moderated by Prof. Feida Zhu, a professor of information systems and co-director of the SMU Blockchain Lab.

The panellists were Aby Huang, CEO of SlowMist, a leading blockchain security company; Neal, CEO of BugRap, a decentralised bug bounty platform; Anndy Lian, advisor of Bybit, a global cryptocurrency exchange; and Xiaolin Wen, a research scientist at SMU.

The panellists shared their views and experiences on how on-chain data analytics can help improve the security measures of blockchain networks, detect and prevent fraud and security breaches, identify and mitigate vulnerabilities in Web3 applications, and communicate the results of data analysis to users and decision-makers.

How can on-chain data analytics help improve the security measures of blockchain networks?

On-chain data analytics refers to the process of collecting, processing and analysing data that is stored on the blockchain. On-chain data can provide valuable insights into the behaviour, performance, and security of blockchain networks.

Huang explained that on-chain data analytics can help improve the security measures of blockchain networks by providing real-time monitoring, risk assessment, and alerting. He said that on-chain data analytics can help detect anomalies, such as abnormal transactions, contract calls, or gas usage, that may indicate potential attacks or vulnerabilities.

He also said that on-chain data analytics can help assess the security level of smart contracts, tokens, dApps, and protocols using various indicators, such as code quality, audit results, governance mechanisms, and community trust.

Neal agreed that on-chain data analytics can help improve the security measures of blockchain networks by providing transparency and accountability. He said that on-chain data analytics can help verify the correctness and integrity of smart contracts and transactions using cryptographic proofs and consensus mechanisms. He also said that on-chain data analytics could help incentivise good behaviour and deter bad behaviour using economic models and game theory.

Lian added that on-chain data analytics can help improve the security measures of blockchain networks by providing feedback and improvement. He said that on-chain data analytics can help measure the performance and efficiency of blockchain networks by using metrics such as throughput, latency, scalability, and cost. He also said that on-chain data analytics can help identify the pain points and bottlenecks of blockchain networks by using benchmarks and comparisons.

Wen concluded that on-chain data analytics can help improve the security measures of blockchain networks by providing intelligence and innovation. He said that on-chain data analytics can help discover new patterns and insights from blockchain data using advanced machine learning, natural language processing, and graph analysis.

He also said that on-chain data analytics can help create new solutions and applications for blockchain security by using interdisciplinary approaches such as cryptography, software engineering, and human-computer interaction.

How on-chain data analytics can help with the early detection of fraud or prevent security breaches?

The panellists shared some examples of how on-chain data analytics can help with the early detection of fraud or prevent security breaches in the blockchain space.

Huang said they actively monitor and investigate hacking incidents in the blockchain ecosystem. They have a comprehensive security monitoring system that protects their clients from past and future incidents. SlowMist assisted in many security breaches, including the recent incident with Mixin involving US$200 million of crypto assets.

Anndy Lian added that education is the key. Not many people know about crypto. They certainly do not understand how to secure their platforms and assets better. He also mentioned that platforms like SlowMist should reach out to more users to let them know they have a free live monitoring system that could save them from losing millions.

Zhu predicted that with advances in on-chain analytics, Web3 security measures will evolve in several aspects. He said that Web3 security measures will become more proactive than reactive, meaning that they will focus more on preventing attacks than responding to attacks after they happen.

He said that Web3 security measures will also become more adaptive than static, meaning that they will adjust to changing conditions and threats rather than relying on fixed rules and parameters. He said that Web3 security measures will also become more collaborative than isolated, meaning they will involve more coordination and cooperation among different stakeholders rather than relying on individual efforts.

Conclusion

The panellists agreed that on-chain data analytics has unique advantages in transaction intent discovery because it can leverage the rich and diverse data available on the blockchain. They said that on-chain data analytics can use various techniques such as graph analysis, network analysis, community detection, and link prediction to analyse information from the transaction data, such as the relationship, structure, or dynamics of the transaction network.

They said that on-chain data analytics can also use various techniques such as game theory, behavioural economics, social psychology, and decision theory to understand information from the transaction data, such as the strategy, preference, or emotion of the transaction participants.

This event was organised by Moledao and was held in conjunction with an MOU signing with SMU and SlowMist.

 

Source: https://e27.co/on-chain-data-and-web3-security-insights-from-industry-experts-20231006/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Bybit Talks- Anndy Lian Explores the Intersection of AI and Web3

Bybit Talks- Anndy Lian Explores the Intersection of AI and Web3

Understanding Web3: A Decentralized Vision Web3, often referred to as the “next generation of the internet,” embodies a vision of decentralization and user control. At its core lies blockchain technology, the backbone of secure and transparent data storage and transfer. Web3 aims to liberate users from the clutches of centralized control, offering newfound autonomy over personal data, privacy, and financial transactions. Anndy Lian’s extensive experience across diverse sectors uniquely positions him to advocate for and guide the integration of Web3’s disruptive potential.

AI Unleashed: Beyond Human Capabilities

The concept of AI, an ability for machines to replicate human-like functions such as reasoning, learning, planning, and creativity, is rapidly advancing. Anndy Lian’s multifaceted expertise places him at the intersection of AI’s immense potential and its transformative power across industries. As AI continues to evolve, it carries the promise of revolutionizing sectors, pushing boundaries, and enabling solutions previously thought impossible.

AI Empowering Web3: A Synergistic Future

An intriguing symbiosis emerges as AI complements and enhances Web3’s functionality. By automating tasks traditionally performed by humans, such as wallet management, cryptocurrency trading, and NFT creation, AI streamlines processes and unlocks time for more innovative endeavors. Additionally, AI’s prowess in fraud detection and prevention strengthens Web3’s security infrastructure, ensuring a safer digital landscape. As AI personalizes user experiences, each interaction becomes uniquely tailored, offering content, products, and services aligned with individual interests.

Blockchain’s Safeguard for AI: Ethical Governance

Blockchain-based AI governance introduces a novel approach to ensuring the ethical, transparent, and accountable use of AI systems. Anndy Lian’s intricate grasp of this intersection underscores its significance. Blockchain’s distributed ledger technology records, verifies, and audits AI actions, fostering trust among stakeholders. The integration of blockchain and AI addresses the challenge of explainable AI, enhancing data integrity and bolstering recommendations. The resultant audit trail and heightened data security are poised to redefine our perception of AI’s potential.

Individual Benefits of AI and Blockchain Fusion

The fusion of AI and blockchain extends benefits to individuals on multiple fronts. AI’s adeptness in identifying patterns enables fraud detection, with blockchain’s integration adding a layer of verification, reducing fraud’s potential impact. Additionally, AI’s vigilant monitoring aligns with blockchain’s role in copyright protection, guaranteeing the immutable record of intellectual property ownership and usage rights. The synergy culminates in smart contracts, where blockchain’s decentralized nature augments by AI’s efficiency, streamlining processes across finance, legal agreements, and supply chain management.

Looking forward, Anndy Lian’s insight extends to the emergence of Web4, a decentralized internet controlled by users, eradicating centralized control. AI, in this context, strengthens relationships through its analytical prowess, unraveling user behavior, preferences, and interactions. By optimizing communication, connections, and overall relationship experiences, AI evolves from a tool to an essential component of human interaction.

Final Thoughts: Where Blockchain and AI Converge

In the midst of this transformative epoch, Anndy Lian’s guiding philosophy resonates powerfully: “Don’t trust human, trust the math.” As AI empowers Web3 and blockchain safeguards its ethical use, a future emerges where technology’s potential is realized, controlled by decentralized networks and informed by data-driven decisions. In this evolving narrative, AI and Web3 unite, forming a decentralized brain for AI to connect with the world, ensuring a future marked by innovation, synergy, and boundless possibilities. End with the quote, “Blockchain is the decentralized brain for AI to connect with the world.”

Check out the full speech from Anndy on AI & GPT App Innovation Challenge!

Also, check out Bybit’s first community-driven research on the intersection of AI and crypto.

 

 

 

Source: https://blog.bybit.com/en-US/post/bybit-talks—ai-web3-crafting-a-future-of-synergy-and-innovation-blta2cd448426e57977/

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Web3 Wave Summit: Pioneering the Future of Digital Empowerment

Web3 Wave Summit: Pioneering the Future of Digital Empowerment

London, August 2, 2023 – Brace yourself for a historic event that promises to reshape the digital landscape as the inaugural Web3 Wave Summit prepares to make waves in the heart of London. The highly anticipated summit, set to take place on August 3, 2023, is poised to be a groundbreaking exploration of the future of digital infrastructure. Drawing attention from industry leaders, tech enthusiasts, and curious minds worldwide, the Web3 Wave Summit brings together a distinguished lineup of thought leaders, visionaries, and industry experts to unlock the transformative power of Web3 and the integration of Non-Fungible Tokens (NFTs) in the Metaverse. It heralds a new era of digital empowerment, one that empowers citizens with decentralized technologies and opens up exciting possibilities for the future.

Leading the charge is none other than Baroness Uddin, a prominent Member of the House of Lords and Chair of the All Party Parliamentary Group on Metaverse and Web 3.0. Baroness Uddin’s extensive insights and expertise in the field make her the ideal figure to ignite the energy of this extraordinary gathering. As the summit’s keynote speaker, she will set the stage for a day filled with captivating discussions, thought-provoking insights, and innovative ideas.

The Web3 Wave Summit boasts an exceptional lineup of panelists, each representing diverse backgrounds and bringing their unique expertise to the table. Among them are distinguished individuals such as Jenny Zheng, Business Development Lead at Bybit NFT; Charlotte Meyer, Government Affairs and Policy specialist at Binance; Dr. Christina Yan Zhang, CEO of The Metaverse Institute; Jonscott Turco, Adjunct Professor at Manhattan College; Tom Downing, Council Member at BIMA; Dr. Hugo Gong, Lecturer at the University of Westminster; Caner Sevinc, Regulatory Counsel at Wirex; Ben Radclyffe, Managing Director of Amber Group; Nish Patel, Executive Director of Strategy & Operations at Binance; Dan Mitchell, Web3 Lead at Oracle Red Bull Racing; Ned Wang, Deputy Director at the Oxford-Octa Laboratory in Digital Economics, University of Oxford; Anndy Lian, Intergovernmental Blockchain Advisor and Book Author; Tim Aron, Barrister at Minerva Chambers and External Counsel at Tether and Bitfinex Securities; Talgat Dossanov, Founder and CEO of Biteeu Exchange; Professor Yu Xiong, Associate Vice President of the University of Surrey and Director of Surrey Academy for Blockchain and Metaverse Applications; Rafal Trepka, General Manager Central Asia at Mastercard; Alex Atashkar, Founder of Seed Photo; and Sid Shekhar, Blockchain Research Manager at Coinbase.

The summit’s agenda is designed to explore cutting-edge topics, providing deep insights into the transformative shift from Web2 to Web3, the rapid rise of Fan Base NFTs, the far-reaching impact of blockchain on digital marketplaces, and the revolutionary potential of NFT integration in the Metaverse. With an esteemed roster of speakers, the Web3 Wave Summit aspires to be an inclusive and collaborative platform, fostering knowledge sharing, networking, and idea exchange among participants from various sectors.

Participants will be afforded a unique opportunity to gain profound insights into the rapidly evolving Web3 landscape, the dynamic world of blockchain technology, the disruptive potential of NFTs, and the boundless possibilities of the Metaverse. The summit aims to set the stage for the future of digital ecosystems and decentralized technologies, propelling the development of cutting-edge solutions that empower citizens across the globe.

The Web3 Wave Summit beckons everyone to mark their calendars for August 3, 2023, and join the transformative gathering at The Biltmore Mayfair in London. Embrace a day that promises to shape the future of digital empowerment and chart an inclusive and innovative path for the digital frontier.

Cryptoslate is the official media partner for the event. The event is also supported by Coingecko, Moledao, Blockcast.cc, Bitverse, Benzinga and many others.

For more information and registration, please visit: www.web3wave.io.

 

Source: https://cryptoslate.com/press-releases/web3-wave-summit-pioneering-the-future-of-digital-empowerment/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j