The “LINFINITY TALK” roadshow, hosted by LINFINITY, ended in Tokyo on July 1st. The event attracted more than 200 Japanese blockchain enthusiasts to participate. In this roadshow, LINFINITY teamed up with Befund and Qbao to announce the project, and invited representatives from including BCOIN, COIN OTAKU, and Japan Digital Finance to conduct in-depth discussions on “the development of blockchain landing applications”.
LINFINITY CEO ANNDY LIAN made a speech titled “The Importance of Building Trust on the Supply Chain”. He proposed two questions, “How does blockchain solve the problem of trust in supply chain?” and “How to solve the current supply chain deficiencies?” It includes communication between systems, the reliability of information and trust between different units in supply chain.
Liu Yu, CSO of Befund, delivered a speech on the theme of “The Next Wave of Token Economy Trend”. He mentioned that Befund is the first blockchain project in the world to enter the realm of security token, which will lead the next wave of Token economy.
Sun Ruoyu, co-founder & COO of Qbao Network, made a keynote speech titled “Digital Currency Wallet is the Entrance to the Blockchain World.” He mentioned that Qbao Network is a multi-functional digital currency wallet, which provides digital assets management, currency trading, online and offline payments and other digital financial services for global users. The Dapp Store developed by Qbao Network integrates games, videos, malls and other applications underlying blockchain technology to provide users with one-stop services.
When talking about the development of decentralized wallets, Liu Yu, CSO of Befund, believes that the traditional centralized wallet does have some advantages in terms of user experience, but the disadvantages are also significant – security problems, and cryptocurrencies will undoubtedly become an irreplaceable part of digital finance in the future. If we still operate with traditional centralized wallet, security will undoubtedly become a serious problem that can never be well fixed.
Sun Ruoyu, co-founder and COO of Qbao Network, also pointed out that the decentralized wallet is a product that truly meets the spirit of the blockchain. Users only need to keep their own private keys to store assets on the chain. Relying on the feature of storage distribution, they can effectively avoid the problem that their private assets might be harmed or tampered with by third parties, and this is difficult for a centralized wallet to realize at present.
Linfinity CEO Anndy also gave his unique insight on this issue. He said that decentralized wallets have greatly compensated for the shortcomings in reality, such as security, user privacy and transparency issues. It’s easy for users to get ownership of the “wallet” and get a clearer picture of any flow of funds in the wallet. Of course, given that decentralized technology is still evolving, it at this stage cannot replace the centralized wallet, but with the rapid advancement of technology, problems with digital wallets will soon be relieved.
When talking about the blockchain policy supervision, Mr. Ito, CEO of COIN OTAKU, Japan, and DAVY GAOH, CEO of BCOIN Singapore, also put forward their own views on the traditional centralized structure.
“The centralized structure is more suitable for beginner users to learn and use, and it is easy to be managed, but this kind of management needs to rely on the organization’s consciousness; and the introduction of the decentralized blockchain system is inevitable, even though it is not perfect in Japan for now, it is very likely to be realized in the future.” said Mr. Ito, CEO of COIN OTAKU, Japan. ’Better service and higher efficiency are the hallmarks of centralization, which is undisputed’, DAVY GAOH, CEO of BCOIN, Singapore, also reckons that yet if the new policy of blockchain is coming, we will also welcome it very much.
LINFINITY CEO ANNDY LIAN expressed on this issue that “As an integral part of blockchain technology, supervision on tokens is definitely to come. I believe that all governments welcome the blockchain technology. Therefore, what the government aims to supervise is not the blockchain technology itself, but the financial fraud and crime under the name of blockchain. 2018 is a key year for the application of blockchain, and it also puts forward a higher development requirement for the blockchain industry. LINFINITY has always adhered to stability, it combines with leading blockchain technology and rich commercial resources, together with LFT-based sustainable ecosystem to drive its growth in the supply chain industry.”
LINFINITY TALK is a roadshow brand of LINFINITY, which aims to construct a blockchain resource sharing platform. Next, “LINFINITY TALK” will continue its global roadshow and will meet with UK blockchain enthusiasts in London in August.
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”.