Tag Archives: asia

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- “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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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- “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

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- “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