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 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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Anndy Lian Commented”DeFi has a role in the future financial markets” at Asian Digital Week ” Fintech & Digital Banking Innovation Conference”

Anndy Lian Commented”DeFi has a role in the future financial markets” at Asian Digital Week ” Fintech & Digital Banking Innovation Conference”

Asian Digital Week ” Fintech & Digital Banking Innovation Conference” brought experts into the event to discuss on “Digital Banking & Platforms”. This is also the second session for the event. The experts talked about the adoption of blockchain for governments, large enterprises & SMEs, decentralised finance, trends ahead on fintech, neo-banks, responsible innovation and evolving regulatory frameworks.

This panel discussion is moderated by Kaiser Naseem – International Development Banker, Tech Platforms, United Arab Emirates and panellists: Anndy Lian – Advisory Board Member, Hyundai DAC, Singapore; Kaiser Naseem – International Development Banker, Tech Platforms, United Arab Emirates; Amit Agrawal – Engagement Director, KPMG, Singapore and Xue Tan – Business Relations Manager Team Lead, GLEIF, Germany.

“Everybody is talking about cryptocurrencies. I won’t be surprised that in the next few years down the line, I don’t need to use physical cash and everything become digital. This will change the entire landscape.” Amit Agrawal – Engagement Director, KPMG, Singapore commented.

“DeFi lending for example. The transactions will take much less time, your collateral can be any digital asset and therefore your physical assets can be safe. There are also no credit checks are necessary, henceforth anybody can apply for a loan.” said Anndy Lian – Advisory Board Member, Hyundai DAC, Singapore

Anndy ended his speech with the question “Is the future of finance decentralised?” He believes that decentralised finance has a role in the future financial markets.

Asian Digital Week is a virtual event, dedicated to the digital transformation of modern society. It includes 7 conferences, giving the viewers useful information about the essential trends related to digital technology. Experts and business leaders from Asia and around the world will come to share personal and professional knowledge, best-case practices and showcase project experiences. The participant will have the chance to learn cutting edge information and view the latest in financial technology.

 

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 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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Anndy Lian Introduces Blockchain at the Asian Food and Agribusiness 2019

Anndy Lian Introduces Blockchain at the Asian Food and Agribusiness 2019

The Asian Food and Agribusiness: Smart Food Value Chains Conference, organised by Thailand Ministry of Industry, Thailand Productivity Institute and Asian Productivity Organization was held in Thailand, Bangkok from 11 to 13 June 2019. Mr Anndy Lian, CEO of LINFINITY is the resource person and keynote speaker and he shared his experience on how blockchain technology can help the agriculture business in terms of security, transparency and traceability.

“Blockchain technology gives a new meaning to food security. This technology can transform and innovate this industry, tracing food products to their source for enhanced food authenticity, security and safety. Blockchain will work seamlessly on both the business and consumer end, there is also no need for them to understand or know how blockchain works. It is just there to to make sure everything is prim and proper.” Anndy Lian shared his views at the conference.

The conference 3 day conference has a broad range of participants 13 countries- Bangladesh, Cambodia, Republic of China, Fiji, India, Indonesia, Malaysia, Nepal, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam.

Fakhrul Islam Munshi, Former Finance Minister of Bangladesh and President of Bangladesh Agro- Processors’ Association is one of participants at the event is particularly interested in new technologies, “I want to learn more about blockchain and today, APO has given me a good opportunities to meet up with the experts and have detailed discussions with them.”

Keynote and resource person from Japan, Netherlands, New Zealand, Singapore, United Kingdom and United States were also at the conference to share their expertise and give constructive solutions and suggestions to the participants. Engaging topics like Increasing food safety and quality with advanced logistics management system for perishables; Blockchains for food traceability and supply chain management innovation; Establishing value chain ecology for regionally produced food: partnerships with local SMEs; Food Innovation and Food Science Multidisplinarity were being discussed.

LINFINITY works through real examples of what works and provide specific steps and tools so that our clients can take to take action and make decisions that work best for themselves. As a blockchain solutions company, they are not experts in the agribusiness industry; they work closely with consultants to provide end to end services so that clients who wants to adopt blockchain can go through the process smoothly.

“Helping farmers implement best practices by innovating and working with simple yet powerful technologies is a mission we at AgTech Insight have been working on through the region for a few years. With the majority of the populations in these countries still relying on Agriculture for their livelihood, we can bring our experience and global outlook to help millions of farmers. This lifts the entire population, food security as well as builds wealth an improves the economy.” Aaron Magenheim, resource person for the conference and CEO & Founder of AgTech Insight based in California.

LINFINITY will explore and spend more time in the agribusiness especially in ASEAN. They hope to educate more companies about blockchain and raise awareness on blockchain usage for food product development.

You can read and find out more about blockchain in “Blockchain Revolution 2030”, a book written by Anndy Lian. You can find more examples of useful blockchain case studies and how the blockchain industry has evolved.

About LINFINITY: 

LINFINITY is a blockchain supply chain solutions company that copes with the practical business pain points and development demand of corporate users by employing the guideline of “Internet of everything and sharing with mutual trust”. LINFINITY focuses on the blockchain-based anti-counterfeiting solutions for supply chain industry with successful used cases including Singapore Scientific Tradition, Japan Herbriller, etc.

Anndy Lian, CEO of LINFINITY is also the Blockchain Advisor of Asian Productivity Organization (APO), an intergovernmental organization and a key member of the Gyeongsangbuk-do Blockchain Special Committee, under the Gyeongsangbuk-do provincial government (Republic of Korea). Most recently, he has also published a book titled “Blockchain Revolution 2030” together with co-authors, Park Young Sook and Shawn Hamnison.

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 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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