Featured on Startup India Magazine: Keynote Speech by Anndy Lian: “Navigating Blockchain & Cryptocurrency in the Public Sector”

Thanks, Startup India Magazine Team for featuring my keynote speech on “Navigating Blockchain & Cryptocurrency in the Public Sector”.

Keynote Speech by Anndy Lian: “Navigating Blockchain & Cryptocurrency in the Public Sector”

Anndy Lian, Advisory Board Member of Hyundai DAC Technology gives a keynote speech at the Digital Week Online on the topic “Navigating blockchain & cryptocurrency in the public sector”. Digital Week Online is an online Summit held from 12-16th October 2020. This event unites tech entrepreneurs, authors, investors, innovators, leading corporates, and key governments

At his keynote speech, Anndy shares his experiences on how to deal with the different governments while introducing blockchain and cryptocurrency in the most effective manner. He started by giving a quick overview. Stating that the blockchain technology is possibly one of the finest piece of art when it comes to this century. In simple words, this technology is a decentralized ledger and it is immutable, with core functions like traceability and tracking. It is and will be widely used in finance, manufacturing, supply chain and governments. But it has not welcomed by all especially when it comes to cryptocurrencies, in fact, cryptocurrencies have been denounced by several governments due to a number of reasons. For example, Bitcoin, the leading cryptocurrency, has been banned in some countries, including Nepal, Bangladesh, among others. Many other countries have in the past made it clear that they will not accept Bitcoin but will accept blockchain technology.

“This is a good start for governments. For those who are currently dealing with governments or intend to participate in a public sector bid, please bear in mind that you need to address what is lacking and what can blockchain help them solve and not pure fluff.” Anndy Lian explained.

Anndy emphasises that governments are open to the technology so far based on his experiences on the ground when dealing with them. He goes on saying that food security, ID management and controlling the flow of money are some of the “hot” topics. Countries like Singapore, Estonia, South Korea are already embarking their journey to solve problems using blockchain technology together with their existing infrastructures.

Navigating through the public sectors needs time and determination. Businesses must be ready before speaking to the government to sell their products and solutions. They need to build themselves up properly by building up trust and increase credibility through partnerships and with sufficient marketing. Your brand has to gain some traction before approaching them for any form of business. Anndy went on by highlighting that all these are only made possible if the solution providers are backed by real, solid technology that is robust enough to tackle their demand. He has also noted that many of the startup blockchain companies depended on advisors and consultants to make their sales and introduction. He cautioned again that companies must choose wisely and not deceived by their smooth talks as many of them do not have any real experience in the tech field and have not gotten deep in the blockchain space.

Last but not least, he told all to be “Pragmatic”. Only being real and practical will open up new paths for you.

Anndy Lian’s is known for his advisory work for governments. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region. He advises the Secretariat on the latest concepts and applications of blockchain technologies in cybersecurity and IoT network data integrity across smart factories and upskills the Secretariat staff in blockchain technologies as applicable to productivity. APO members include Bangladesh, Cambodia, Republic of China, Fiji, Hong Kong, India, Indonesia, Islamic Republic of Iran, Japan, Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam.

He is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce (Chairman, Bitcoin Foundation) and Alexis Sirkia (Founder of Yellow.com), helping the province to grow using blockchain technologies.

To know more about what Anndy Lian is doing, you can visit www.anndy.com or on his social media channels, https://twitter.com/anndylian and https://www.linkedin.com/in/anndylian/. You can also view his keynote speech at https://www.youtube.com/watch?v=47tBlAbSAro.

 

Media Contacts:

Name: Jenny Zheng

Title: Editor

Company: BLOCKCAST.CC

Email: contact@blockcast.cc

Website: www.blockcast.cc

 

 

Related Links: 

https://www.startupindiamagazine.com/anndy-lian/

https://m.dailyhunt.in/news/india/english/startup+india+magazine-epaper-dha49a0dd9ef6b4bf68dc7033f9990f13b/anndy+lian+delivers+keynote+speech+on+navigating+blockchain+cryptocurrency+in+the+public+sector-newsid-dha49a0dd9ef6b4bf68dc7033f9990f13b_8ada6db00d6911eb9fff2988a8504e1a

Keynote Speech by Anndy Lian: “Navigating Blockchain & Cryptocurrency in the Public Sector”

Keynote Speech “Navigating blockchain & cryptocurrency in the public sector” by Anndy Lian at Digital Week Online 2020

Keynote Speech on “Navigating blockchain & cryptocurrency in the public sector” by Anndy Lian, Advisory Board Member of Hyundai DAC Technology

 

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“Let’s Defy to DeFi”: Anndy Lian, Crypto Thought Leader Shares Insights with Blockreview.net

By now, we have all heard about cryptocurrencies. It is a digital currency that is secured by cryptography. Many cryptocurrencies are decentralized networks based on blockchain technology. A new spin-off from the decentralized economy is called “decentralized finance” or commonly known as DeFi. 

Basically, DeFi leverages decentralised networks to transform old financial products into trustless and transparent protocols. DeFi lending & borrowing platforms allow their users to supply and lock their funds into smart contracts from there other users can borrow and pay interest. Smart contracts make all these possible, allowing automated and open finance to transact with a bank in the middle. 

This “trustless” model has its pros and cons. 

Anndy Lian will share his views on Defi. He is an early adopter & thought leader in cryptocurrency and blockchain and currently the Advisory Board of Hyundai DAC, the blockchain arm of the South Korean carmaker. 

 

1. In your own words, give us an overview of what is DeFi?

DeFi is “Decentralized Finance”. This term has been the talking point at the start of 2020 and it has grown to a market cap of $15 billion according to Coin Gecko. In very simple terms, DeFi is a combination of traditional finance and decentralised technologies. 

It is poised to be the start of a new financial era where it aims to be self-managing and is open to everyone who wants to be on it. It does not require everyday users to place trust in it, unlike the traditional financial system where the trust is placed on the bank to take care of the money deposited and the government to maintain the monetary value. 

 

2. Recently, the supply of wrapped bitcoin has increased significantly. To what extent do you think Bitcoin (and bitcoin holders) in particular are driving the growth of DeFi? Are they a major part of DeFi’s growth?

Big whales are always more careful with their money, they normally hold only BTC, early on if they want to participate in the liquidity mining they have to deposit their BTC to ETH and other Ming tokens to participate which most of them think it’s risky. Yes, I think the use of WBTC pair mining will boom the Defi market in certain extend.

According to the data released today(the 2nd day of Uniswap Liquidity Mining), 50% of the miners used WBTC/ETH pair in the initial mining, and most of them are big whales.

The DeFi market is no longer the same market we see in 2019 or early this year before small investors can make a big profit in the market, now as the APY drops and gas increases, it favours the whales more. And small investors are forced into the secondary market.

The good thing about this is the market/volume grows, the bad thing is the DeFi is not that DeFi any more.

 

3. Conversely, are the opportunities provided by DeFi encouraging people to invest more in bitcoin?

Sure it will.

Firstly, as I mentioned before, now the DeFi market favours the whales more, small investors can not even make their ends meet after paying skyrocketed gas fees. So they are forced out from the DeFi mining game and move to the secondary market. As we all know trading Waited for 7 hours, nothing is done.tokens on the secondary market is very risky so many might just trim back to bitcoin(cause bitcoin price will also rise if more WBTC mining pools opens).

Secondly, as big whales they will keep on selling whatever coins they mined and swap them to bitcoin.

Thirdly, as the market as a whole, more and more bitcoins will be locked up which will bring another bull market for bitcoin.

However, all of these above happens only when WBTC liquidity mining succeed. So far we can see Uniswap locked up 750 million dollars on their second day of liquidity of which half is from WBTC/ETH pool, but we can also hear many complain of the market that the APY is much lower than before(compared to Sushiswap, Moonswap or Sakeswap). It’s only the beginning let’s go forward and see what’s gonna happen.

 

4. What, in your view, would happen to DeFi if the price of bitcoin crashed significantly/collapsed? Would DeFi struggle to grow or survive? And what would happen to Bitcoin if DeFi collapsed?

Most of the “Value” coins will go zero if the price of bitcoin crashed significantly/collapsed. One thing is for sure: no coin(maybe tiny shit coins can) can survive if bitcoin collapse. Even 10 years later the Blockchain industry is gone bitcoin is here to stay.

Well, Bitcoin is still bitcoin whatever DeFi live or die, just like the universe will still be there non matter the earth exploded or not.

 

5. Do you see DeFi and Bitcoin becoming more or less interrelated in the future? In what ways might their relationship change?

Defi could go big or disappear but Bitcoin is here to stay. There are no doubts about this. But I do hope to see new players coming into the challenge bitcoin supremacy. With challenges, there are improvements. This is what’s lacking in today crypto space.

 

Meanwhile, “Let’s Defy to DeFi”– Defy current financial norms to embrace the new DeFi economy. 

 

 

About Anndy Lian

Anndy Lian is an intergovernmental blockchain thought leader, a best selling book author, investor and crypto advocate. He is currently appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. 

Anndy is driving the crypto and blockchain agenda with governments and businesses and is a known figure in this segment. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.

 

About Blockview.net

Blockreview.net started as a platform for crypto and blockchain enthusiasts who want to monitor and understand the market better. Users can monitor the trends in the market and review the coins and exchanges activities. 

You can find out its rank, price, market cap, history, volume and other things. You have all the information about the cryptocurrencies right at your fingertips. We have since added a news and media section to share impactful news on the industry. 

“Let’s review the blocks together!”

 

 

 

Original Source: https://blockreview.net/news/anndy-lian-crypto-thought-leader-lets-defy-to-defi/

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Anndy Lian Moderates Panel on Artificial Intelligence, Deep Tech & Blockchain at ASEAN Summit 2020

Some ASEAN countries may be on the road to economic recovery, but many economists warned that it won’t be smooth. This panel addresses how technology like AI, deep tech and blockchain to act as a tech enabler for the businesses and governments.

In this panel, the panellists cover the following topics:

– How technology like AI, deep tech and blockchain will affect lives?

– How AI can help in good data and 5G

– How to tackle teething problems such as security for AI?

– How can blockchain technology improve on security aspects of things?

– Do you really trust AI?

– What should investors and people who want to get into the technology industry look at? What is the future?

 

Moderated by:

– Anndy Lian, Advisory Board Member of Hyundai DAC

 

Panel members:

– Dr Andrew Wu, Founder & Chief Executive Officer, Meshbio Pte Ltd

– Sheeram Iyer, Chief Executive Officer & Founder, Prisma Global

– Stephen Ho, Group Chief Operating Officer, Skylab Group

 

This is the 6th edition of CABA ASEAN Summit with the theme “ASEAN – Harnessing Dynamic Capabilities.”. They have invited top business experts to share their experiences, insights, and new strategic approaches to technology, innovation, investments, trade, and supply chain management at the 6th RHT ASEAN Summit 2020.

 

For more information on the event, refer to the organiser’s website.

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“Is Cryptocurrency a Fad or for the Future?” Anndy Lian Shares with Wealth Secrets Community

Join Anndy Lian and his hosts to talk about “Is Cryptocurrency a Fad or for the Future?”. The event will be held on 16 September 2020, 1 pm GMT on Podbean and Spotify.

Some topics are:

Can you brief us about cryptocurrency? Is it different from BlockChain Technology?

Is any digital currency a cryptocurrency? What are stable coins?

  1. Who are the major players of the crypto market?
  2. Why the hype about cryptocurrency? Is it worth it?
  3. Bitcoin went from being worthless in 2008 to $1,000 in the span of three years, before dropping to a low of $250 in just a few months, then rising meteorically to nearly $20,000 in 2017, and plunging to historic depths yet again just a few months later. With such volatility, is it really a safe haven as they say? Compared to gold?
  4. What are the major factors hindering the mass adoption of cryptocurrencies? How long do you think it’s going to take for cryptocurrency to be accepted in the mainstream?
  5. Looking at the cryptocurrency timelines (From Nakamoto, The world’s largest Bitcoin exchange, Mt.Gox, went offline declaring bankruptcy. Theft and scam concerns emerged. And recent scam activities associated, do you think cryptocurrency over fiat currencies is safe?
  6. How is cryptocurrency solving the problems associated with fiat?
  7. With the government of different countries having different attitudes towards considering cryptocurrency as a legal tender, people unaware of its mechanism consider it to be a risky investment. What could be the next major milestones for cryptocurrencies?
  8. Should crypto be taxed? What are some regulations that you think may not favour cryptocurrencies going forward? How can the government and policymakers help preserve and stabilize the crypto community?

 

 

Updated on 16 September 2020 with LIVE Youtube recordings:

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Anndy Lian To Moderate at the CABA ASEAN Summit 2020 on Technology Adoption & Investment Trends

Anndy Lian, Advisory Board Member of Hyundai DAC will moderate a Panel Discussion at the CABA ASEAN Summit 2020 on 16 September 2020. Together with the panellists, they will be talking about technology adoption & investment trends and in particular on artificial intelligence and deep tech.

We will cover the following topics:

> Transformation of business technology – Opportunities, risks, and solutions
> Liability for artificial intelligence – Who is responsible
> Playing catch up – Regulation vs technology: The legal issues
> Creations and inventions by artificial intelligenceWho owns them?
> Ethical artificial intelligence – How do you prevent artificial intelligence from being misused?

You will also be hearing from:
> Dr Andrew Wu, Founder & Chief Executive Officer, Meshbio Pte Ltd
> Sheeram Iyer, Chief Executive Officer & Founder, Prisma Global
> Stephen Ho, Group Chief Operating Officer, Skylab Group

6th RHT CABA ASEAN Summit, with the overarching theme of “ASEAN – Dynamic Capabilities” delivered on a hybrid format on 15-16
September 2020, from 10am to 1:30pm.

This year, we are introducing a new component to the Summit centred on the China-ASEAN Business Alliance (CABA), a platform to promote business ties and collaboration for the China and ASEAN region. A series of insightful CABA forums will be held in the lead up to the Summit.

In 2020, Covid-19 wreaks havoc in all aspects of our lives globally. The health of the world’s population, economy and environment takes centre stage as organisations grapple with an increasingly volatile, uncertain, complex and ambiguous environment. The Summit’s focus on harnessing dynamic capabilities aims to deliver insights that will help businesses and organisations thrive during challenging times. The specially curated programme will dive into sustainability and the environment, healthcare, technology and intelligence. Up to 250 C-Suite Executives, ASEAN business leaders and industry professionals from various economic sectors are expected to attend. Past summits have also attracted the attendance of the diplomatic community and numerous Ministers as the guest-of-honour.

Join them on this 2 days conference,  Minister Edwin Tong, Minister for Culture, Community and Youth and Second Minister for Law will also deliver his keynote speech.

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Anndy Lian Speaks to Bobby Ong, co-founder of CoinGecko on Blockchain, Cryptocurrencies, DeFi & beyond

Blockcast.cc: Dear Bobby, this is Anndy Lian, I am a governmental blockchain advisor, book author and most recent Board Member of Hyundai DAC. We have in fact met very briefly in Malaysia during one of your meet-up. Good to hear from you again, can you give an introduction of yourself?

Bobby: Sure! I’m the co-founder of CoinGecko, an analytics platform for tracking cryptocurrencies and blockchain assets. CoinGecko was established in April 2014 and is the largest cryptocurrency data aggregator in the world.

CoinGecko provides comprehensive information derived from thousands of data points such as price, trading volume, market capitalization, developer strength, community statistics, and more. We currently track over 7,000 tokens from more than 400 exchanges.

Blockcast.cc: Tell us how you started CoinGecko?

Bobby: I met my co-founder, TM Lee in 2013. We were both interested in Bitcoin and were trading some alternative cryptocurrencies. We wanted some additional data such as community and developer data that was not available anywhere else. We decided to track these data on a website and make these data available for other people as well. This was how CoinGecko got started.

 

Blockcast.cc: What is your vision and mission for CoinGecko? What do you aim to
achieve in the long run?

Bobby: Our mission is to empower the cryptocurrency community with a 360-degree overview of the crypto market. We believe that in the future, anything of value that can be tokenized will be tokenized. We are building the infrastructure needed to track this decentralized future where we will have millions of tokens trading in the world and we aim to help traders get the relevant information for these tokens.

 

Blockcast.cc: I have openly commented on how the metrics do not work well in today’s context where many of the projects/ exchanges washed their trades. How do you see this? How can this be improved?

Bobby: Yes, we used to sort exchanges by trading volume. However, by early-2019, we started noticing that many exchanges were conducting wash trading and faking their trading volume numbers to appear larger and more liquid than what they actually are. We were not happy that the results for exchanges were no longer accurate and felt a deep responsibility to our users not to divert them to these small exchanges faking their volume.

Thus in May 2019, we introduced an algorithm to rank exchanges called Trust Score. This algorithm looks at multiple metrics for exchanges such as bid/ask spread, orderbook depth, web traffic estimate, exchange API quality, AML/KYC compliance and cybersecurity practices to give a holistic overview of each exchange’s quality. Exchanges are graded on a 1-10 scale and many of the exchanges conducting wash trading were no longer ranked at the top on CoinGecko.

 

Blockcast.cc: How is your ranking metrics compared to other similar platforms?

Bobby: We were the first crypto data aggregator to move away from ranking exchanges using trading volume. We saw how this metric had been manipulated by many non-regulated exchanges and introduced Trust Score to look at other liquidity based metrics.

Our metrics take into account several factors mentioned above such that it is holistic and robust. It does not use anyone single factor that can be easily manipulated by exchanges. We are also constantly looking to improve Trust Score and have done a few improvements since our launch.

 

Blockcast.cc: Will there be a chance that CoinGecko will transform into a wallet or an exchange? If no, will the group most likely to invest indirectly into the ecosystem?

Bobby: We view wallets and exchanges as our partners and have no plans to offer either of the above services for the time being.

If there are interesting opportunities to invest, we may consider it on a personal capacity as CoinGecko does not currently invest in any companies directly.

 

Blockcast.cc: What is your personal opinion of the blockchain and crypto industry? What is the future like?

Bobby: We view the blockchain and crypto industry as a multi-decade growth industry similar to how the Internet industry was in the early-1990s. There are tremendous opportunities offered in this space. It is still very hard for the average person to use crypto apps and as these apps get easier, faster, cheaper to use, it is expected that the mainstream audience will start using them and fuel growth in the years to come.

Blockchain and crypto industry offers permissionless innovation and there will be many interesting protocols and applications launched in the future. We view a future where there will be millions of tokens and we are building the foundation needed to support this future.

 

Blockcast.cc: How do you see Bitcoin, do you think Bitcoin will go to a value of $100,000 per coin like some said?

Bobby: Yes, I don’t see why Bitcoin will not go to $100,000 in the next few bull runs. Can’t tell when but eventually in the future. Bitcoin’s price is highly speculative by nature.

 

Blockcast.cc: Apart from Bitcoin, can you name 5 more coins that you see huge potential?

Bobby: I am particularly interested in seeing how Ethereum will perform as most of the innovations are coming on top of the Ethereum platform such as Decentralized Finance.
I am also interested to see how exchange tokens such as Binance Coin perform. Will it evolve from a fee-burn model or convert into some sort of governance model in the future.
I am also paying some attention to governance tokens such as Maker, Kyber and Compound. These governance token models will probably be something that will be adopted by many token teams in the future.

 

Blockcast.cc: Please share an inspiring quote for our readers.

Bobby: I like this quote by Tony Fernandes, CEO of AirAsia:

“Believe the unbelievable, dream the impossible and never take no for an answer.”

 

Blockcast.cc: Tan Sri Dr. Fernades is indeed an inspiring legend in the South East Asia Market. I have the honour to meet him in Singapore over dinner many years ago. He is an industry changer. Thanks for your time Bobby. Your insights are great. Keep up the good work for the crypto industry. 

 

 

 

Original Source: https://blockcast.cc/interviews/blockcast-cc-in-conversation-with-bobby-ong-co-founder-of-coingecko-believe-the-unbelievable-dream-the-impossible-and-never-take-no-for-an-answer/

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Anndy Lian to Speak at RHT RMF GAIL Sustainability Forum 2020

I will speak at the RHT RMF GAIL Sustainability Forum, happening online on 28 August 2020 on Sustainability & Blockchain. Ms Grace Fu, Minister for Sustainability and the Environment will be Guest-of-Honour and the Keynote Speaker for the virtual forum. See you later this week.

Many companies are under the microscope for struggling to prioritise sustainability in their business and operational strategies. Being at the forefront of sustainability is not only about excelling at compliance and reputation building, finding market opportunities, and meeting growing consumer interest in sustainable practices.

At the heart of sustainability leadership and development in every organisation is a culture that creates a lasting, tangible impact on our society. But what are the top business practices that are shaping corporate sustainability and reaching its targets today? Learn about these determinants and more at the RHT RMF GAIL Sustainability Forum, happening online on 28 August 2020, Friday 2:15pm to 5:15pm.

 

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Quick AMA with Anndy Lian on DeFi at Asia Blockchain Community

 

Blockcast.cc: Thanks for the time everyone. Today at Asia Blockchain Community, we want to answer some of your questions on DeFi since we have several AMAs in the past one month. Drop your questions now.

Anndy Lian will try to answer them. Anndy Lian is an intergovernmental blockchain advisor. His latest appointment is the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. Hi Anndy. 

Anndy Lian: Thanks, sorry I had limited time today. I will try to take on 3-5 questions.

 

 

Questions from the channel (https://t.me/Blockcastcommunity): 

Shuja Hashmi, [14.08.20 19:43]
DeFi is one of the hottest topics in the blockchain space right now. Do you think DeFi will disrupt the existing financial system?

What are your expectations in the future implementation of the Blockchain Technology? In what way will the average person be influenced by Blockchain?

Jack ♥️♥️♥️, [14.08.20 19:43]
What is the transparent part of the token

Jack ♥️♥️♥️, [14.08.20 19:44]
Can we stake credit and the other token ??

Abid Rana, [14.08.20 19:44]
Defi is taking the market, are not people running behind making their investments double instead of solving real-world problems?

❤❤❤Momma Apple💛💛💛, [14.08.20 19:44]
Give Insights on DeFi market and future opportunities.

Jenny Zheng, [14.08.20 19:45]
Guys, Q&A will not be relating to PROXI, can ask anything relating DEFI

Jack ♥️♥️♥️, [14.08.20 19:45]
What major part will solve it DEfi ? What is ETH difference with this

Jack ♥️♥️♥️, [14.08.20 19:45]
Is Defi is full transparency and full secure..?

♥ #Ms khate 💛👈, [14.08.20 19:46]
With the emergence of new cryptocurrencies, utility tokens what can #defi project offer to the investors and coin holders in terms of the sustainability and stability of this platform?

Jenny Zheng, [14.08.20 19:46]
we will close the floor till 19:50 🙂 then Mr. Anndy will start to answer

Jack ♥️♥️♥️, [14.08.20 19:46]
How Defi can impress new investors in Cryptocurrency?

♥ #Ms khate 💛👈, [14.08.20 19:47]
How does #defi project provide real-world data to smart contracts?

Jack ♥️♥️♥️, [14.08.20 19:47]
Did Defi is good in a real lifetime,?

❤❤❤Momma Apple💛💛💛, [14.08.20 19:47]
Give Insights on DeFi market and future opportunities.

Shuja Hashmi, [14.08.20 19:47]
What is future Of DeFi project’s after YAM Scam? How average person will gonna Trust on DeFi Projects?

Venkatz K, [14.08.20 19:47]
Is De-Fi is fully Structured or still runs on Trial and Error Method?

Jack ♥️♥️♥️, [14.08.20 19:48]
How Defi can maintain their success? Or it will go down?

♥ #Ms khate 💛👈, [14.08.20 19:48]
Community support is by far one of the biggest factors for the success of a project.
What has the team #defi has planned on increasing the user experience?
How can the community get involved and be a part of your projects?

Abid Rana, [14.08.20 19:48]
#Defi is everywhere, in fact, taking over the whole market which is already in its evolution stage. New people scamming using the defi projects, what do you think will not hurt already shaking the reputation of crypto as it is very easy to be used for terrorist activities

Jack ♥️♥️♥️, [14.08.20 19:49]
Are there big Communities of Defi or small community of every Defi project?

Jenny Zheng, [14.08.20 19:49]
1 more minute 🙂

Jack ♥️♥️♥️, [14.08.20 19:49]
Defi can change real life of people’s to help like in Fiat market?

Jack ♥️♥️♥️, [14.08.20 19:50]
What inspired you about Defi??

Jenny Zheng, [14.08.20 19:50]
floor will be closed

❤❤❤Momma Apple💛💛💛, [14.08.20 19:50]
Q. What are the benefits of Defi project in everyday usage i? How effective will they be if there is a market crush and why?

Jenny Zheng, [14.08.20 19:50]
Mr. Anndy you can start to answer

♥ #Ms khate 💛👈, [14.08.20 19:50]
What was the value of tron in market cap haha

Jenny Zheng, [14.08.20 19:51]
@anndylian

 

 

— Replies —

Question 1: Shuja Hashmi: 

DeFi is a relatively new item and some say it is a fad. But to me, DeFi is giving us a new future to handle finance. So let’s not be unheartened by YAM and give a bad name to the whole DeFi market.

Anndy Lian: 
Whether YAM is a pure error or they do it on purpose, I don’t know. But I do know that if a project pumps too high in a short time, this is not sustainable.

An average person should not invest in DeFi. They should know what is DeFi before putting their hard earned money into it.

Right now it is the bull market (in my own opinion), we need to manage the risk properly. We should not overleverage ourselves and believe that a token could be pumped to 1000% returns.

So if we control our greed, then we will most likely fall into the trap of fake DeFi.

 

 

Question 2: Jack

Defi can change real life of people’s to help like in Fiat market?

This is a double-edged sword.

Anndy Lian:
While many complained about fiat, many love fiat because they know how to navigate in the financial system.

So for a straight forward answer: Yes DeFi will change our lives. CeFi and DeFi are complementary to each other.

So in order for DeFi to make it big, we need more decent projects, better people running them and not let history repeats itself by allowing the traditional banking people to ruin this again.

 

 

Question 3: Mahathi

What about JUSTSwap?

Anndy Lian:
In one of the article where the editor asked for my opinion, I said that ETH is taking the lead and all others are chasing his tail.

This is still the case.

But Tron and its ecosystem may be able to change some of the Defi problems that we are facing right now. Gas fees

If you are into Uniswap and all, you will notice that the gas fees are very high right now.

Well many of us are able to pay it since the possible returns are high enough to cover the cost.

BUT!!!

I cannot accept the fact that when I pay a high gas fee and the transaction still fail.

Imagine each transaction fail will means that we pay around $5 for a fail transaction.

It is not right to charge for fail transactions.

And since it takes time, we lose gas fees and also opportunity cost.

This is a double loss for many of us.

So I do hope to see JUSTswap making a difference in it

 

Blockcast.cc: Thanks, Anndy for his time. Stay on Asia Blockchain Community to learn more about blockchain. See you soon. 

 

Original Source: https://blockcast.cc/interviews/quick-ama-with-anndy-lian-on-defi-at-asia-blockchain-community/

 

About Asia Blockchain Community (#ABC):
Asia Blockchain Community (ABC) is a community that is based in Asia and run by Asian. We know the market very well and is backed by panel of blockchain & crypto experts and influencers. Our mission is to create value for projects & members & educate the general public about blockchain and crypto through the work in our community.

About Blockcast.cc:
Blockcast.cc is a broadcasting news source for the blockchain community. Founded in South Korea and Singapore, Blockcast has a network of contributors in China, Hong Kong, South Korea, Singapore and Malaysia. We have helped global blockchain and cryptocurrency companies reach their marketing, public relations and advertising goals.

 

 

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Talk about DeFi with Anndy Lian, Advisory Board Member of Hyundai DAC & Paolo Ardoino, CTO of Tether

Blockcast.cc: This is our weekly segment where expert meets expert. Let’s meet, Paolo Ardoin0 CTO of Tether & Anndy Lian Advisory Board Member of Hyundai DAC. Hi gentlemen. 

 

Paolo & Anndy: Hi Jenny.

 

Blockcast.cc: Let me start off with this question: Tether has grown significantly, what is your partner’s network like at Tether?

Paolo: The market cap of Tether has recently risen above US$11 billion. Tether works across a diversity of different blockchains, including Algorand, Ethereum, EOS, Liquid Network, Omni and Tron. Further, Tether operates a robust AML regime underpinned by adherence to, as a baseline minimum, U.S. Bank Secrecy Act standards.

 

Blockcast.cc: Ethereum is the market leader for DeFi now, do you think they will keep this position for long? Who else is the next contender?

Paolo: We are not in a position to comment on Ethereum’s longevity in DeFi. Definitely, we expect to see other blockchains trying to catch up and compete in this space. However, the Ethereum community continues to be really supportive of Tether. Their support has contributed to numerous DeFi projects wanting to use Tether for their projects.

 

Blockcast.cc: Tether is an enabler in the crypto space. Do you have plans for tether in the DeFi market?

Paolo: Tether (USDt) is playing a central role in the rapid ascent of decentralized finance (DeFi). As the most liquid, stable and trusted stablecoin, USDt will continue to help shape industry developments in a decentralized manner. We are aiming for USDt to be adopted by more DeFi projects, and that USDt will become the reserve currency of DeFi.

 

Blockcast.cc: Lastly, how do you see the DeFi space shaping up in two, three or five years?

Paolo: The DeFi space will continue to drive an alternative financial system that is disintermediating the need for banks and trusted centralised third parties. We will continue to see innovation in the DeFi space with USDt functioning as the reserve currency of DeFi, providing much-needed liquidity across the leading platforms in the space.

 

Blockcast.cc: I saw that you have been commenting about DeFi. Let me start with this question. At the moment, available data suggests that the vast majority of total DeFi value is locked into platforms that use the Ethereum blockchain. In your view, why is this the case? Is Ethereum the best platform for DeFi? Or was it simply the early mover?

Anndy Lian: Ethereum has the first-mover advantage as of many times in the crypto history from taking the lead to the early ICO to smart contracts and now DeFi. Ethereum is the 2nd on the chart and one of the best testing bed for the industry. If Eth cannot make Defi work, no one else can.

 

Blockcast.cc: Besides Ethereum, Tron and EOS have a notable presence in the DeFi space. Do you expect them to increase their market share in the future?

Anndy Lian: 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. Justin Sun’s Tron DeFi project are gaining traction too but not as fast. We may be expecting to see big movements there too.

 

Blockcast.cc: How do you think the launch of Ethereum 2.0 will affect this picture? Do you expect Ethereum to increase its market share once it transitions to a more scalable proof-of-stake consensus mechanism?

Anndy Lian: When ETH goes into its full scaling mode, they will create another wave, it could be after Defi. I hope the 2.0 era will help elevate all coins. Tether will play a big part in this new wave too by providing liquidity.

 

Blockcast.cc: Lastly, how do you see the DeFi space shaping up in two, three or five years’ time? Will Ethereum still be the main DeFi blockchain?

Anndy Lian: The bubble is huge in the Defi space going at the current pace. The kind of return investors get from sites like Uniswap are very high, at times it is like an overnight 100%. If the current players create a proper environment and follow some form of governance, Defi will grow stronger in the next 2 years time. But if everyone is trying to get short term gains and every project tries to become “DeFi”, then this crazy period will just be a shorter ICO like run for the industry. Thanks, Jenny for bringing us together for this segment.

 

Blockcast.cc: Thanks, Anndy and Paolo for the wonderful replies.

Paolo: Likewise, we are all building up the crypto ecosystem.

Anndy: We are all shifting toward a decentralised finance era and there will be more excitement to come.

 

Blockcast.cc: Thanks gentlemen for your time with us this evening. This interview is bought to you by www.blockpaths.com and facilitated by www.blockcast.cc. For more interviews, please go to www.blockcast.cc/interviews.

 

Original Source: https://blockcast.cc/interviews/fireside-exchange-with-blockchain-experts-paolo-ardoino-and-anndy-lian-shifting-towards-decentralized-finance-era/

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Interview with Anndy Lian on Crypto-Wednesday Episode 10


Asia is constantly breaking new ground in crypto, blockchain and FinTech and it is time to hear from experts with deep regional expertise. Thus, Crypto-Wednesdays is proud to feature a wide-ranging interview with internationally recognized business strategist and acclaimed author of “Blockchain Revolution 2030” – Anndy Lian.

Anndy has been involved in a multitude of initiatives and projects in Korea, Singapore, and beyond, including the Asian Productivity Association and Linfinity (the world’s first distributed supply chain platform). Anndy has incubated several startups and is an active/activist investor with a keen sense of the opportunities arising from deploying disruptive technologies in the world’s most vibrant and expansive economic space.

All this activity and thought leadership has drawn the international media’s attention and Anndy has become a frequent studio guest and cited expert.

So… what can Anndy tell us about how politics, investing, crypto and blockchain will play out in Asia in the epochal 2020s? Join us and find out.

TIME & DATE
Wednesday, August 19, 2020

5:30 AM Pacific Standard Time
8:30 AM Eastern Standard Time
2:30 PM Central European Time
8:30 PM Singapore Time

 

ZOOM Info
https://zoom.us/j/89200977541

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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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Blockchains are not Immutable, Nothing is 100% Secure

Thanks, Albert Arroyo at CapitalBay.News for quoting me in his report.

I have also added another comment on Twitter on the same topic:

Enjoy your read and read more updates at www.anndy.com.

______

 

Binance CEO and co-founder, Changpeng Zhao has said something that could be utterly shocking for a large number of supporters of blockchain technology. In a tweet, on Thursday, CZ said that blockchains are not immutable, and nothing is 100% secure. He added that it was better to be transparent about the risks rather than hiding them.

Binance CEO

For the most part of the last decade, blockchain and crypto companies boasted of being part of the immutable technology, and Binance is no exception. In fact, a great number of users entered the crypto-blockchain industry allured by the immutability and security that it promised. CZ defended his statement saying that he loves blockchain technology, to a point that he could dedicate all of his time and energy to it.

CZ Binance

CZ’s remarks came in reaction to a report which stated that a hacker netted more than $5 million in the Ethereum Classic 51% attack. He further said,

CZ said

CZ’s comments might not only affect the popularity of blockchain technology but also raise questions on the legitimacy of cryptocurrencies. Crypto proponents have kept raving about the fact that digital currencies are immutable, despite the numerous attacks on crypto exchanges and networks. Though the Binance chief’s remarks may ruffle a few feathers, the positive is that this could open a door to questioning and discussions, which could only benefit the users.

Anndy Lian, an inter-governmental blockchain advisor, also agreed with CZ and added that nothing is 100% secure when there’s human involvement. However, he added that blockchain increases the degree of immutability.

Binance

 

Source: https://www.capitalbay.news/blockchains-are-not-immutable-nothing-is-100-secure-cz/

 

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