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

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/

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”.

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Interview with Anndy Lian on Crypto-Wednesday Episode 10

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

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”.

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

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.

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”.

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