Asian Digital Week 2021 “Special Edition” Interviews Anndy Lian- Evolving fintech landscape in Asia

Asian Digital Week 2021 “Special Edition” Interviews Anndy Lian- Evolving fintech landscape in Asia

Can you tell me a bit about your background and your current role?

My name is Anndy Lian. I am an early blockchain adopter and experienced serial blockchain entrepreneur. I am known for my work in the government sector for the blockchain space.

Currently, I am 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.

I am 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.

Concurrently, I also act as the Chairman (Singapore) for Korea eSports Industry Association (KeIA) where I am actively promoting eSports to go mainstream and adopt cryptocurrencies.

I have also 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. I advise 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.

I have played a leadership role in not-for-profit and quasi-government linked organizations such as Singapore Business Federation (SBF) and Singapore Institute of International Affairs (SIIA) where I worked alongside policymakers, private sector decision-makers, and experts to create business value propositions for different industries.

I have also written a book titled “Blockchain Revolution 2030” and is published by Kyobo, the largest bookstore chain in South Korea. Together with co-authors, Park Young Sook and Shawn Hamnison, they share insights on how blockchain technology plays an important foundation for the Fourth Industrial Revolution.

An avid supporter of incubating start-ups, I have investments in several companies such as worldairfare.com. I have also been a private investor for the past eight years. With a growth investment mindset, I strategically demonstrate this in the companies I choose to be involved with.

 

 Can you tell us more about Fintech and its importance today?

Fintech stands for financial technology. It is an integration of technology that helps consumers or financial institutions deliver financial services in newer, faster ways than was traditionally available.

It is important to many as it extends financial inclusion, improves our daily lives, creates economic growth, empowering users & businesses. In today’s context, Fintech should be already part of our daily lives. This digital age has made Fintech more accessible, reach a whole new level of finance, and is changing the face of modern banking.

 

What’s gone wrong with traditional SMB Banking?

From a technology standpoint, actually, there is nothing wrong with traditional SMB banking. In the past, SMBs think that their banking needs are not fully met but this is not true entirely. Most SMB Banks are already harnessing the power of technology, they have adopted technology to enable digital banking abilities. They have also converted themselves from purely over the counter services to fully digitalised banking services.

For the very traditional banks who fail to keep up with the current times, they will fall behind. Traditional methods mean no harm. Innovation will push them to embrace changes and such will add in more revenue to the banks and bring customers closer to them.

 

What is the future of digital banking?

The future of digital banking will understand the users’ needs better. With the help of AI and machine learning, it can provide customized services and reduce fraud and loss.

Blockchain technology will also come into place to assist banks with automated services through the usage of smart contracts. It will be an added layer of security, convenience and reliability. Blockchain will form a trusted and controlled environment to streamline the banking performance and making financial transactions convenient and safe for users.

Cryptocurrency will be part of digital banking for sure. It will disrupt and replace how currency is being used.

 

Will banks eventually migrate to a cloud and what hardware they will keep?

The majority of the banks and financial institutions have or are developing a cloud strategy and the more forward-looking ones are also using cloud for years. The reduced in cost and speed to market have moved them into the cloud model. In my opinion, most hardware should be kept as migrating into cloud does not mean closing down the physical counters or closing down their current servers.

 

What do you think is the future of the Fintech industry in Asia?

The Fintech industry in Asia will continue to grow. Blockchain and cryptocurrencies will redefine the future of finance.

 

Or you can read the whole magazine at https://ditech.media/magazine/asian-digital-week-2021-special-edition/.

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 “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. 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 and was previously the Advisory Board Member of Hyundai DAC Technology.

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”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian’s article on Asia Franchise Magazine: Franchising- The Use of Blockchain Technology

Anndy Lian’s article on Asia Franchise Magazine: Franchising- The Use of Blockchain Technology

Anndy Lian wrote an article titled Franchising- The use of Blockchain Technology on Asia Franchise Magazine, April- June 2021 edition. This magazine is a bilingual magazine started by Albert Kong, Editor in Chief and veteran in the Franchising industry.

In this article, Anndy covered basic topics from what is blockchain and cryptocurrency to how companies can use this technology to help with their brand loyalty, payment and fundraising process. He went on to give a regulatory overview of cryptocurrencies

Lastly, Lian gave his advice on how to evaluate the need for blockchain for your business.

Evaluate the need for blockchain for your business

In the near future, you may receive many tempting grants for blockchain adoption. Consultants will often sell with a generic concept and a long list of alleged benefits.

But looking at the business environment, the first database-related question you need to ask yourself is “Do you need to store state?” If your answer is no, then you do not need to implement blockchain. If your answer is yes, then the second question you need to ask is “Are there multiple participants?” If your answer is no again, then you do not need blockchain.

Assuming, you need multiple participants, then the third question would be “Can you use an always online trusted third party?” And this time round, if your answer is no, then there is no need to use blockchain. If your answer is no, then there is a need to look at what kind of blockchain suits your environment.

“Are all the participants known?” is the next question you need to ask yourself. If the participants are not known, then you should consider permissionless blockchain. Permissionless blockchains are blockchains that require no permission to join and interact with. They are also known as public blockchains.
Most of the time, permissionless blockchain is ideal for running and managing digital currencies. If the participants are known, naturally you need to ask if all the participants are trusted. If they are all trusted, then blockchain is not needed.

Again, if the participants are not trusted and there is no need to have the public to verify, you should choose private permissioned blockchain. A private blockchain allows only selected entry of verified participants; the operator has the rights to override, edit, or delete the necessary entries on the blockchain.
A permissioned blockchain has properties of both private and public blockchains. If there is a need for the public to verify, then you should consider public permissioned blockchain.

A trusted consultant or company should walk through the process with your company and answer your doubts. The golden rule for companies is not to rush when you make any technology decision. This same theory works the same for the adoption of blockchain technology.

 

“Innovate your business with blockchain.
You will love the surprises that come with it.”

– Anndy Lian

 

You can read this issue at https://www.asiawidefranchise.com.sg/publications/. Alternatively, you can download it at this link.

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 “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. 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 and was previously the Advisory Board Member of Hyundai DAC Technology.

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”.

You can read more about Anndy’s work at www.anndy.com

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Channel News Asia: Money Mind- Trends: NFT Boom (3 April 2021, 10.30pm)

Channel News Asia: Money Mind- Trends: NFT Boom (3 April 2021, 10.30pm)

Money Mind tells you how to make the most of your money with tips for investors, business ideas for businessmen and analysis of the economy, companies, markets, financial products and trends. In this segment of Money Mind, Pamela On tells us more about the current NFT trends.

The following experts shared their take about NFT on Money Mind: Journey Li, APAC Marketing Manager, Elliptic; Anndy Lian, Advisory Board Member, Hyundai DAC; Kelvin Goh, Head of Wealth Advisory, OCBC & Cao Yin, NFT Collector.

A non-fungible token (NFT) is a unit of data stored on a blockchain (a digital ledger) which can represent a unique digital item like art. An NFT is a cryptographic token, but unlike cryptocurrencies such as bitcoin and many network or utility tokens, NFTs are not mutually interchangeable, i.e. not fungible. (Wikipedia).

The buyer of the NFT does not gain exclusive access to the work, nor does the buyer gain possession of the “original” digital file. A person who uploads a certain work as an NFT does not have to prove that they are the original artist, and there have been numerous cases where art was used for NFTs without the creator’s permission.

Twitter’s founder Jack Dorsey has promoted an NFT of the first-ever tweet, with bids hitting $2.5m. Christie’s sale of an NFT by digital artist Beeple for $69m (£50m) set a new record for digital art.

“NFTs are not just for purely for collectables, right now at this current moment especially, I see a lot of these big purchases and big valuation. This is actually part of a process to let people know what NFT is.” – Anndy Lian

While Anndy sees this as an awareness process right now, Cao Yin explains his point of view as a collector.

“The original reason for collecting these items (NFTs) is to collect, and not to transact, and not to “buy low, sell high” and profit from it.”- Cao Yin

CNA is an English-language news channel based in Singapore. It broadcasts free-to-air domestically and as a subscription network to 29 territories across Asia and Australia.

This is a view capture on Channel News Asia (CNA) Live. For better quality and full segment of Money Mind on 3 April 2021, 10.30pm Singapore Time, please visit www.channelnewsasia.com

You can view the full view on Channel News Asia: https://www.channelnewsasia.com/news/video-on-demand/money-mind/money-mind-taking-stock-14546796

 

 

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 “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. 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 and was previously the Advisory Board Member of Hyundai DAC Technology.

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”.

You can read more about Anndy’s work at www.anndy.com

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Greater Bay Area Blockchain Week 2021: Macro Trends for Blockchain in Asia- Anndy Lian: “NFT is the hottest trend.”

Greater Bay Area Blockchain Week 2021: Macro Trends for Blockchain in Asia- Anndy Lian: “NFT is the hottest trend.”

GBA Blockchain Week Virtual Summit invited blockchain experts to their panel on the second day of their conference to talk about “Macro Trends for Blockchain in Asia”. The panel is moderated by Catherine Ross, Business Editor, Benzinga and with the following panellists: John Wang, Head of Eco Growth, Neo Global Development; Anndy Lian, Advisory Board Member, Hyundai DAC and Tony Tong, Chairman, Hong Kong Blockchain Association

“The trends are very obvious. Right now the hottest topics are NFT and DeFi. We do see new crypto plays like having the ability to borrow against your NFT collectables on DeFi platforms etc. I am also seeing promising growth in altcoin funds. I know a UK Digital Assets Management firm that is  providing Asian centric altcoin funds to their clients.” Anndy Lian, Advisory Board Member, Hyundai DAC comments.

Tony Tong, Chairman of Hong Kong Blockchain Association also added that crypto payments will get massive adaption. “I won’t be surprised within a couple of years in Hong Kong, we are going to be seeing 7-11 or other retail chains accepting crypto payments.”

The panel later also touch on China’s DCEP project that has been fuelling a sense of urgency on CBDCs over the last two years. Now that GBA, and Hong Kong in particular, were chosen as a testing ground for deploying the digital yuan the world’s attention is focused on this key region. Speakers and high-profile experts from Asia, Europe, and the US will converge to GBA Blockchain Week 2021 to discuss major opportunities and prospects of DCEP.

In the other panels, key topics include regulation, including Hong Kong’s game-changing framework for virtual asset exchanges and virtual banks; fintech, with major tech solution providers working together closely with incumbent financial institutions and companies; tech talent and education, with Shenzhen rivalling the West with its «New Silicon Valley» innovation hub status; the role of key tech hubs; cutting-edge urban solutions for smart cities and smart state, and more.

This event has brought in many other blockchain leaders such as Justin Sun, Founder Tron; Mance Harmon, Co-founder, Hedera; Roger Ver, Founder of Bitcoin.com; Brian Behlendorf, Executive Director, Hyperledger; Alex Mashinsky, Founder & CEO, Celsius Network.

Greater Bay Area Blockchain Week 2021 is the premier virtual event for an international audience passionate about technology, education, and business. A week-long event will convene thousands of online viewers to the brightest spot on today’s global financial map, and compliment GBA’s status of the world’s leading and most quickly developing business and technological cluster.

The event, including the core 2-day summit, will be Streamed Globally and in China from 30-31 March 2021.

The full video can be seen at https://youtu.be/12p7dg37BKI.

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 “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. 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 and was previously the Advisory Board Member of Hyundai DAC Technology.

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”.

You can read more about Anndy’s work at www.anndy.com

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WealthBriefing Asia: Taking A Tour Around Digital Assets – Two Webinars

WealthBriefing Asia: Taking A Tour Around Digital Assets – Two Webinars

This news service hosted two separate webinars, in association with Nickel Digital Asset Management, exploring the themes around bitcoin and the fast-expanding world of digital assets. With bitcoin prices surging in recent weeks, the topic is hot, and drawing increasing interest from the mainstream financial sector.

The fast-expanding world of digital assets, such as bitcoin, and how they should fit into portfolios was discussed in two recent webinars involving this publication in association with Nickel Digital Asset Management.

Both panels – one pitched at the Asia market, and the other at Europe – featured Anatoly Crachilov, founding partner and CEO, at Nickel Digital Asset Management. (Crachilov has also recently spoken to this news service in an interview on his investment views – see here). In the Asia panel, other speakers were Anndy Lian, inter-governmental blockchain advisor, and Evrard Bordier, managing partner and CEO at Bordier & Cie. The European recording can be viewed here and the Asia recording here.

On the European panel – moderated by this news service’s group editor, Tom Burroughes – he and Crachilov were joined by Benedikt Kuka?ka, digital assets, at Julius Baer.

Both webinars addressed the question of why and how bitcoin has arisen, the best way of defining it, and what part it plays in the portfolios of high net worth clients. The panellists also discussed why digital assets are now becoming more mainstream, and what the future may hold.

Both webinars last an hour and, as readers can see, there is so much more left to discuss. Consequently, this publication’s editorial team intends to continue tracking this sector from a wealth management viewpoint.

The editors are keen to hear from the wealth sector about its views, so do please contact [email protected] if you have follow-up comments.

Original Source: https://wealthbriefingasia.com/article.php?id=190582#.YFPgTZ0zZPY

The video recording for Anndy can be found at https://www.youtube.com/watch?v=h3qemJhHWdA&t=1913s.

 

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 “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. 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 and was previously the Advisory Board Member of Hyundai DAC Technology.

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”.

You can read more about Anndy’s work at www.anndy.com

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