“CBDC is the beginning of another evolution” Anndy Lian told Blockchain Today Magazine

South Korea leading blockchain magazine “Blockchain Today Magazine” published Anndy Lian’s thoughts on CBDC. This quote can be found on Blockchain Today Magazine, Volume 29 Special Edition, page 43.

암호 화폐 지불에 대한 수요가있을 때 암호 화폐 채택 으로 시장을 이끌 것이고, CBDC는 또 다른 진화의 시작입니다. 개인 적으로 가장 매력적인 사용 사례는 CBDC라고 생각합니다. 투명한 외환으로 연중 무휴 24 시간 국제 거래를 돕는 디지털화는 믿을 수 없을만큼 강력합니다. XRP, BNB, LTC 또는 스 테이블 코 인은 CBDC 이니셔티브에 맞춰 디 지털 법정 화폐를 교환하기위한 브리지 자산 역할을 할 것입니다. 블록 체인 및 암호 화폐 회사가 코 인과 블록 체인 기술이 미래 CBDC의 형성에 어떻게 도움이 될 수 있는지 보여주기 위해 이제 첫 번 째 단계를 밟아야합니다.- Anndy Lian, Advisory Board Member, Hyundai DAC

When there is demand for cryptocurrency payments, it will lead the market to cryptocurrency adoption, and CBDC is the beginning of another evolution. Personally, I think the most attractive use case is CBDC. Digitization is incredibly powerful, helping international trading 24/7 with transparent foreign exchange. XRP, BNB, LTC, or stablecoin will serve as a bridge asset to exchange digital fiat currencies in line with the CBDC initiative. Blockchain and cryptocurrency companies must now take the first step to show how coins and blockchain technology can help shape the future CBDC. (Direct translation by Google Translate)

CBDC stands for “central bank digital currency,” a new type of currency that governments around the world are experimenting with. Central banks have constantly evolved through the centuries, and history shows that. CBDCs is one o which. For a start, CBDC would ensure that economies go digital. It is more than just another way to pay. It is a catalyst for currency innovation.

Original Source: https://ebook.etarae.com/blockchain_today/02/#p=43

 

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Anndy Lian Featured on Supply Chain Asia Magazine- Beyond the hype: how blockchain is already revolutionising the supply chain

“Blockchain is indeed revolutionising the supply chain. This technology has proven its importance, especially in this COVID-19 period. Let’s get started and be part of this revolution.” Anndy Lian has also added that he did not know that his article was published in Supply Chain Asia Magazine in 2018. He only got to know about this when he was catching up with his previous colleague.

“When I read the article now, I think it is still very relevant. The primary risk to food security is now on a global level. Blockchain technology’s track and trace is vital and will help to reduce such risks. This technology can also increase consumers’ confidence level when they deal with future food sources. In order for this work, we need to let traditional companies know what this technology can do for them and blockchain companies like Ethereum, Binance Smart Chain, VeChain etc should start to drive more adoption.

You can read the full article below.

Beyond the hype: how blockchain is already revolutionising the supply chain

It’s been a rollercoaster journey for bitcoin investors over the last few months. Valuations soared rapidly to highs of $20,000, creating
worldwide excitement and attracting millions of investors globally, before the price plummeted rapidly back to earth in recent weeks.
Amid the hype and comparisons to the 17th century ‘tulip mania’, it is easy to dismiss the entire blockchain phenomenon as a passing
fad – a nice idea in principle that, in practice, is not the revolutionary new solution its early adopters claimed.

But that misses the point entirely. If you look past the bitcoin bluster, blockchain technology is already having a real, lasting, and truly
revolutionary impact on the most pressing business challenges – and nowhere more so than in supply chain management.
Today’s global supply chain managers face an unprecedented set of new and unexpected challenges. The inexorable rise of globalization
has made supply chains fiendishly complex, and virtually impossible to manage from end to end. Try as they might, a global producer
simply cannot track every stage of the production and supply process.

Take a global fast food producer, for example. It would be impossible for them to know where every tomato, every head of lettuce, every chicken was on its way from farm to factory to table. Likewise for a clothing producer – can they accurately track where the materials in their zips or buttons come from?

Yet – this is what customers demand. The second major challenge facing supply chain managers today is that end users insist on transparency, and this has a ripple effect right through the supply chain. If buyers of my clothes want to wear only ethically produced shirts, then I simply must know where the zips and buttons have come from – and I will have to insist that my producers have that information.
Worse still, in many markets counterfeiting remains a constant scourge. That’s a huge problem for luxury goods producers – and for producers of consumables like food and medicine it can be mission-critical.

The scale of this challenge should not be underestimated. According to a January 2017 Gartner report, pharmaceuticals producers admit that they have limited control over pharmacy supply chains, “making it difficult for them to synchronize the end-to-end supply chain”. As a result, in Africa for example, some reports say that up to 70% of drugs sold are counterfeit. This is where blockchain’s advantage becomes clear.

Using blockchain technology, a product’s journey can be simply and efficiently documented across the supply chain from origin to destination. This technology can deliver to producers and supply chain managers a permanent, indelible and tamper-proof ledger of the entire product life-cycle that is accessible to anyone at any point in the production process. It’s important to emphasize that this isn’t
just hypothetical – it is already happening. At Linfinity, we have implemented systems to help producers of health-related products track their inventory throughout its lifecycle. The set-up process is quick and painless, and in fact can build on many of the technologies already in place. For example, by working with a company’s existing digital labeling methods it is possible to build a blockchain tracking system that can track not just every SKU (Stock Keeping Unit) but every single product in the inventory – right throughout the production process and throughout its life cycle once it leaves the factory.

This may sound suspiciously similar to existing supply chain management technologies, but the key here is how this technology can be adapted over time. We are now building systems where companies will be able to automatically incentivize their producers and suppliers
to join their supply chain management systems through the use of blockchain backed tokens, massively increasing the quality of data at a minimal cost to the company while also driving adoption of integrated tracking solutions. In the future, for example, we believe upstream players will be able to incentivize downstream producers to adopt their tracking technology.

It is also important to bear in mind the opportunity for the end user and how this technology addresses their most important pain point – transparency. Right now, traditional supply chain systems don’t enable the user to track their products. But with a blockchain system, it could be as simple as opening an app and scanning a QR code on your product to get every single record of everywhere that product
has been.

So while it may not yet be time for your company to swap your dollars for bitcoin, now is most definitely the time to get started on implementing blockchain backed supply chain management solutions.

Author, Anndy Lian

Magazine: SCAmag-jul-sep18v2

Screenshots:

 

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Anndy Lian Emphasizes: “Digitalization has struck every government as a priority never before.” at Hong Kong Blockchain Week 2020

Anndy Lian and a panel of experts spoke on “Digital Transformation and Innovation: What’s New for Governments and Businesses” at the Hong Kong Blockchain Week 2020. This session is timely as COVID19 has accelerated the pace of digital transformation, decision-makers who were reluctant to adopt and adapt have harnessed technology innovation to keep their companies afloat, and governments are relying on digital solutions to respond quickly to the global crisis.

Digitalization has become essential and has brought up its real purpose in such times. According to ASME-Microsoft study 2020, 83% of small and medium enterprises (SMEs) in Singapore now have digital transformation strategies. More than half (54%) reported delays in their digitalization plans due to COVID-19. Also, despite higher digital transformation adoption, only two in five SMEs perceive their efforts to be successful. This study also coincides with what Olga Yaroshevsky, the moderator of this panel, has mentioned in global trends that only 30% of digital projects implemented have exceeded its target value.

“This is not alarming, and this trend has happened long before the COVID19 times. Governments and associations are trying hard to push the technology agenda into businesses. Legacy is not the main issue. It is an excuse. I think human interference is a bigger deferral for the adoption of new technology. “Anndy Lian, Advisory Board Member, Hyundai DAC Technology commented.

Lian added: “Whenever there is a new technology in place such as negativity, I do see much negativity that comes along with it. People do not see the positive aspects of things on such innovation. Many are too relying on government grants, which is a big disadvantage, for example. Take Singapore, for example. In the past decade, companies took advantage of the grants, but the result is that most of them stopped using it after the claims were made. This is mainly because of their mindset, and their starting point when obtaining the grant is not with the correct intention and purpose. For innovation to grow, it has to be a win-win for everybody, companies need to have the right mindset, and a good push from the government will kick start innovation in a much better manner.”

Dr. Toa Charm, Chairman, OpenCertHub & Associate, and Professor, CUHK Business School, agreed with Anndy’s point. “The subsidy is helpful but not sustainable. Companies must appreciate the digital transformation culture and appreciate the digital transformation. In the times of COVID19, governments have placed additional subsidies and grants to SMEs and different programs, but this is only for a short period and may not be sustainable. We have to make it closer to what the companies are doing, embedding the technology in our daily lives seamlessly.”

Last but not least, Anndy emphasized, “Digitalization has struck every government as a priority never before. The move into digital with AI, big data, automation, blockchain & cryptocurrencies will stay with us for a long time.”

This session consists of Anndy Lian, Advisory Board Member, Hyundai DAC Technology, Dr. Ernie Teo, Vice-Chairman, Blockchain Association Singapore, Mohammad Sear, Associate Partner, Digital Government & Public Sector Advisory, EY, Dr. Toa Charm, Chairman, OpenCertHub & Associate and Professor, CUHK Business School and moderated by Olga Yaroshevsky, NexChange Group. The panelists have also shared their insights on the subject matter, and the full recording can be found online at https://youtu.be/3aYJD6hkhKs.

Hong Kong Blockchain Week 2020, hosted by NexChange and led by their Chairman Juwan Lee delivers specialist content and expert discussions directly from industry leaders who are building the future of blockchain technology and digital assets. Professionals from all parts of the ecosystem, including investors, government, start-ups, and enterprises, come together for deep learning, robust discussions, and high-impact networking. This is the largest blockchain virtual event in Hong Kong will see the global blockchain community converge to discuss the latest developments and insights into the evolving, real-world applications of blockchain technology in finance, investment, enterprise, socially essential projects, and the global payment industry.

About Anndy Lian:
Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur known for his work in the government sector. He is a best-selling book author, “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. 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. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, the Government of Republic Korea with industry experts such as Brock Pierce. You can read more about Anndy’s work at www.anndy.com.

About Hong Kong Blockchain Week:
Hong Kong Blockchain Week 2020, 17-19 November, delivers specialist content and expert discussions directly from industry leaders who are building the future of blockchain technology and digital assets. Professionals from all parts of the ecosystem, including investors, government, start-ups, and enterprises, come together for deep learning, robust discussions, and high-impact networking. High profile speakers such as Dr. David Chung JP, Under Secretary for Innovation and Technology, Hong Kong; Dan Morehead, CEO & CO-CIO, Pantera Capital; Justin Sun, Founder, TRON & CEO, BITTORRENT; Roger Ver, Founder of BITCOIN.COM and Charles Hoskinson, CEO of IOHK & Founder of CARDANO were present

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

Anndy Lian, Advisory Board Member of Hyundai DAC Technology gave a keynote address on 12 October 2020 at the Digital Week Online Summit. His keynote topic “Navigating blockchain & cryptocurrency in the public sector” gave good insights on how he navigates through the public sector and sharing the real essence of the adoption and usage of blockchain technology.

“If they can’t trust you, you are not going anywhere especially for this technology that is relatively new and accompanied with quite a bit of negative publicity. For those who want to talk to the governments, your products must be ready for commercialization and you must be ready to answer all kind of questions that comes with it. Once you have completed with this phase, you are halfway done. Good luck.”

– Anndy Lian shared with Blockreview after his speech.

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

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.

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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: [email protected]

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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Anndy Lian to Share his Knowledge on Blockchain Trends at “Digital Week Online” Led by InvestHK

Anndy Lian will be speaking at Digital Week Online and will share his knowledge on blockchain trends and how this new technology is taking its shape in the global arena.

Digital Week Online held between 12-16th Oct 2020, is a global online event that’s uniting tech entrepreneurs, investors, innovators, corporates, and governments. Blockchain, Digital Transformation, COVID19 Impact, Digital Marketing, Privacy & Cybersecurity, Corporate Innovation, Gaming & Entertainment, and more. AI-based networking and matchmaking platform, virtual meetings, and e-booths. You will expect to see more than 200 speakers, 10,000 attendees from 5 continents and 8 tracks.

“I would like to thank the organisers and sponsors for the invitation to speak. Bringing everyone together during this pandemic times are easy.

Let’s keep the technology space united and hit new heights together for the future!”

Anndy Lian shared during the phone call.

 

 

  • Oct 12 – Global Blockchain Day

Crypto & Blockchain trends 2020

Blockchain for corporates – trends, cases, challenges

DeFi – future of finance

Institutional investments and trading, infrastructure and framework

Exchanges track

Adoption, payments, wallets

Regulations, CBDC, forecasts for 2021

Mining

 

  • Oct 13 – Digital Transformation Day.

Society 5.0. 4th Industrial Revolution. Government cases.

 

  • Oct 14th – Innovation Day APAC
  • Oct 15th – Innovation Day AFRICA, MENA, EUROPE, CIS
  • Oct 16th – Innovation Day NORTH AMERICA and LATAM

 

Innovation Days key tracks:

  • Covid19
  • FinTech
  • Privacy & Cyber security
  • Impact & Sustainability
  • Digital Marketing
  • Corporate Innovation
  • Gaming & Entertainment
  • Startup Pitch Competition

 

About Anndy Lian:

Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international and public listed companies.

He is 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 currently also 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.

 

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Citiesabc Interviews Anndy Lian, Author, Blockchain Thought Leader On Bridging Blockchain Between Business & Governments

Anndy Lian is an Inter-Governmental Blockchain Adviser, Book Author, Investor and Board Member.

Anndy Lian is a global thought leader and an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international & public listed companies. Anndy played a pivotal role in not-for-profit and quasi-government linked organizations. An avid supporter for incubating start-ups, Anndy has investments in a few health-related companies. He believes that what he is doing through Linfinity and blockchain technology currently will revolutionise and redefine traditional businesses.

Anndy Lian Interview focus

1. An introduction from you: education, professional background
2. Asia is one of the most dynamic regions in the world. You have been working in Singapore and South Korea, which are at the forefront of technological development. How do you see this dynamic in the region and especially in these two countries?
3. There is no doubt that governments and organizations need to better understand blockchain and your company is keen to make that vision a reality. Can you tell us more about Linfinity and its mission?
4. Blockchain is one of the fundamental technologies of the 4IR with a lot of potential but we are still in the theoretical stage. Many countries are lagging behind in R&D and there is a lack of awareness about blockchain. Working with governments and businesses, can you share with us your thoughts on what is the general approach to blockchain?
5. You have written ‘Blockchain Revolution 2030’ and very active as a blockchain writer. Can you tell us about your work as an author and how you see blockchain intertwined with traditional industries?
6. Blockchain technology combined with AI is a powerful setup that can create really innovative and interesting solutions for many of our current challenges, such as leveraging trust in technology, digital identity, etc. At the same time, it also raises some concerns in some sectors. including governments and users. How do you see this?
7. Cryptocurrencies are becoming more and more mainstream. Countries are developing CBDCs, there are thousands of different digital currencies, companies use them to raise money through ICOs and, more recently, STOs… How do you see the cryptocurrency industry right now, especially the evolution from ICOs to STOs?
8. From your experience working with governments, advising companies and your knowledge about blockchain and emerging technologies, what would be your advise to governments and companies and what do you expect about the future of blockchain?

Anndy Lian Key Takeaways

· About Anndy Lian’s background and education. I am originally from Singapore but I have spent a great part of my life in working and living in various cities across Asia, including Hong Kong, Taiwan and, especially, Seoul in South Korea. I started my journey in blockchain a few years ago. I joined the government area of blockchain research because of the rising scams and frauds that there were in the blockchain space so I became an advisor to the government. This role and expertise provided me an invaluable insight into the blockchain technology and in management. I was appointed recently to the Hyundai DAC blockchain research branch as an advisor. I am also an investor in different startups and companies building solutions through blockchain technology.

· About working in Asia and the economic development in Singapore, South Korea regarding blockchain. I always wanted to learn more and become an expert in something that would harness the power to change the future and blockchain came about just in the right time so I made myself go out of my comfort zone in Singapore and travel to places where blockchain was trending. When I started in blockchain, I saw a lot of fraud and scams in the blockchain space and I thought it was damaging the technology and its future. I first started as an advisor in the private sector but I soon saw that the only way blockchain can really become widespread is if governments accept it. So that is what drove me to work hand-in-hand with and to advise governments.

·  On the governments’ stance on blockchain and Linfinity’s role. Linfinity started in 2017. One thing to note is that even though we are a blockchain-focused company, we never did an ICO or anything like that, not even in the hectic 2018 ICO year where it seemed like it would be the easiest option to get funding. We struggled a bit in the beginning but we didn’t want to do anything that would eventually harm the company.

We have worked with different countries advising them about how to implement functional blockchain platforms and, especially, blockchain technology in supply chain systems. What I learned during that time is that working for governments is much more important than working for the private sector as we can really help a whole country to step up and improve their systems. It is very satisfying to do it. That is ultimately our goal with Linfinity, we want to help the adoption and widespread literacy about blockchain and cryptocurrencies.

·  About blockchain adoption and government approach. From a country standpoint, they are talking about the implementation of blockchain solutions in the near future. COVID-19 is actually speeding up research and accelerating the implementation of blockchain-based solutions and that’s really good news, there are positive vibes around the possibilities. I feel like one of my responsibilities is to push the agenda of these countries further and help other countries that are not as receptive to blockchain and change my mind regarding this technology. Fortunately, most of the countries are starting to understand blockchain without cryptocurrencies, as a standalone technology. In fact, if you talk about cryptocurrencies, governments are reluctant to discuss them further due to regulatory hurdles and legacy systems that dominate the financial industry.

Not all countries have the same approach to blockchain and cryptocurrencies. Singapore and South Asia countries, for example, are really keen to research and are more open to implementing blockchain and cryptocurrencies solutions.

· About ‘Blockchain Revolution 2030’ book and your work as an author. Governments, companies and organizations want to be more efficient and there are politicians, which are important for blockchain, that believes that blockchain can do a lot to make legacy systems more efficient, transparent and secured.

Typically, whenever a technology comes up, governments eventually pick up and explore how that technology works and what that technology can do for them and its potentiality. And they have taken that approach with blockchain. I have been approached by governments with these very questions about blockchain. Normally, governments try to see these solutions in place and invite businesses to try them out. The Filipinas example is quite interesting. We were asked by the Filipino government how to implement a blockchain solution to make the export supply chain more efficient as they were losing revenue. We proposed a solution and many businesses from Filipinas step up, attracted by the idea. And I think this is a success story.

· Blockchain technology and AI: Challenges and opportunities. Based on what I see, AI is really going to help our daily lives. There is an ongoing smart city project in which they use AI to improve their citizens’ lives greatly. In fact, AI is the core technology behind the project. I had the chance to talk to the people in charge of the project and I was asking questions about cybersecurity and the right way to implement AI. I was also dropping the benefits of using blockchain in that project because it can actually boost AI with an extra layer of cybersecurity and trust.

One thing I have learned is that blockchain can only do so much, it is the collaboration and combination of different technologies that will change the world.

· How do you see the cryptocurrency industry right now, especially the evolution from ICOs to STOs? I believe that South Korea is a strategic country between Japan, China and the gateway to South Asia. That’s why I think cryptocurrencies took hold there. Today, the main use of cryptocurrencies is trading. There are hundreds of crypto exchanges and there are many traders who make money from cryptocurrencies, speculate on its price and use it as a trading product and I think this will stick with us for the long term. However, I don’t see cryptocurrencies just for their trading capabilities. The regulations will have a major impact on cryptocurrencies, making them a more mature market and helping the industry attract investors and more users. Tokenization is, in fact, much more than trading cryptocurrencies. Companies are already exploring the idea of ​​tokenizing their assets and using tokens to reward employees, investors, and consumers. In short, the cryptocurrency industry will look like a commercial product for a while, but as governments start to take a closer look at it and pass regulations, it will help make the market more mature.

Anndy Lian Biography

Anndy Lian is an Inter-Governmental Blockchain Adviser, Book Author, Investor, Board Member

Anndy Lian is a global thought leader and an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international & public listed companies. Anndy played a pivotal role in not-for-profit and quasi-government linked organizations. An avid supporter for incubating start-ups, Anndy has investments in a few health-related companies. He believes that what he is doing through Linfinity and blockchain technology currently will revolutionise and redefine traditional businesses.

Anndy Lian is currently the founder and CEO of Linfinity, a company that manages the total supply chain using Blockchain Technology. We establish such a platform with reliable data, transparent information, efficient cooperation and interconnected network to cope with the practical business pain points and development demand of corporate users.

In parallel, Anndy Lian currently serves as the Advisory Board Member for Hdac (Hyundai DAC) Technology, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian advises the company on the token economy and governance matters.

He is also the author, together with co-authors, Park Young Sook and Shawn Hamnison and published by Kyobo Book Centre, the largest bookstore chain in South Korea, of Blockchain Revolution 2030. Blockchain Revolution 2030 is a comprehensive review of the birth, principles, industrial and institutional issues, status and future of the “blockchain” that will become the foundation technology of the 4th industrial revolution.

Anndy Lian has also been advisory to China-ASEAN Business Alliance (CABA), engaging with government leaders and policymakers of various countries through roundtables and policy briefings and offer views and recommendations on behalf of its members on trade and economic issues/policies affecting them especially on the ASEAN–China Free Trade Area as well as other schemes under the ASEAN-China dialogue relations and ASEAN Economic Community.

Prior to that, he was the Council Head, South East Asia at Korea Horse Industry Council, a subsidiary of the Ministry of Agriculture, Forestry and Fisheries of the Republic of Korea. This department’s aim was to presentee the right policy directions and alternatives for nurturing and supporting the horse industry. It was established on November 28, 2011, to promote the balanced development of the economy and enhance the quality of life of the people by establishing the development base of the horse industry and strengthening its competitiveness.

Anndy Lian Links and sources

https://www.linkedin.com/in/anndylian/

https://anndy.com/

https://www.crunchbase.com/person/anndy-lian

https://medium.com/@anndylian

https://twitter.com/anndylian

http://eapo-tokyo.org/team/anndyl/

http://www.digitaljournal.com/pr/3851649

https://www.youtube.com/channel/UC9_AJmXg1s0Z-1E41555lJg

https://www.openpr.com/news/1879799/catching-up-with-anndy-lian-inter-governmental-blockchain

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AMA on DeFi with Roy Li, Founder of Ruffchain & Moderated by Anndy Lian, Book Author of Blockchain Revolution 2030

Blockcast.cc: Welcome to Asia Blockchain Community (ABC). ABC is a community that is based in Asia and run by volunteers. We know the market very well and is backed by a panel of blockchain & crypto experts and influencers. ABC is also a brand manage by Blockcast.cc, a media and PR company based out of Singapore. Without further delay, let us welcome our guests for today. Anndy, please.

 

Anndy: Welcome to our ASK ME ANYTHING (AMA) segment. My name is Anndy Lian, book author, blockchain advocate and currently is the Advisory Board Member of Hyundai DAC. Most people know me by the work I do for the government. Today at Blockcast.cc, we have Roy Li, he is a pioneer in this space. He will be here with me to have a chat about DEFI.

Before we began, please stay on the channel. At the end of this AMA, we will open for questions. We will reward 10 TRX for the questions picked. Each person will only be picked once.

 

Roy: Hello Anndy, Hello everyone.

 

 

Anndy: Hi Roy, nice meeting you online. I believe we have brushed shoulders a number of times in South Korea and China. I have heard so much about you but did not have a chance to speak to you properly. We shall do it today over “Defi”.

Can I request that you give us an introduction of yourself?

 

Roy: Nice meet you too, my name is Roy Li, I am the founder of Ruffchain – a public chain designed for IoT, since the main usage for IoT will be a settlement between things (hopefully in a few years), I studied quite hard in Defi as this is the infrastructure for all public chains

 

 

Anndy: Defi has been the buzz word. Many of the Community members want to know more about it. Tell us in the simplest manner, what is Defi, staking, mining, yield farming and all. Please in the simplest manner. Tell us in the simplest manner, what is Defi, staking, mining, yield farming and all. Please in the simplest manner.

 

Roy:  Defi is short for decentralized finance, it’s like centralized finance, there r yields like in borrowing/lending, exchange, investments. Yield is the basic of definance, the foundation is the time/yield exchange, you either buy time or buy liability within a ratio. If there is an arbitrage in ratio difference borrow/lend or collateral interest & investment income, actions might be taken. staking & mining is the incentive just like bitcoin & ether to reward the workers such as liquidity providers. And the ecosystem, hopefully.

 

 

Anndy: I hope so too. Good insights. This question looks simple but it takes a lot of knowledge to reply in a simplified manner.

Next question. Defi is the future finance, what do you think of this statement?

 

Roy: Defi is definitely future of finance, remember how hard it is to sign all the paperwork and have due diligence to apply for a line of credit?  I remember when I applied for a mortgage the approval and appraisal cost quite some money even to my bank.

Defi is trustless, owned by the governance of consensus, that may wind up as a super-efficient way of financing, 100% transparency guaranteed if possible. I think 90% of the financing will be defi in visible future.

 

 

Anndy: Next question, could be tricky in my opinion. The majority of popular Defi protocols have some form of centralized control that enables specific ‘administrator’ addresses to intervene in powerful ways. Do you think this trend will continue or will it go total decentralised?

 

Roy: the admin access is limited from what I know, they can update fees, strategies or so, but can’t move users’ assets, and governance will limit the access, even more, votes will determine whether u should apply a tariff just like president Trump.

In the early stage, we lack a lot of fundamental rules & tools. Admin key is required in some cases, like I accidentally lost roughly 1 mil USD yesterday on harvest.finance upon an investment strategy to cream, without admin key, cream & harvest won’t be able to help me. Finally, the funds got recovered, awesome job on both teams!

 

 

Anndy: President Trump as an example. I guess Defi governance got to be improved. Glad you got your funds back. Defi coins on Cefi exchange vs decentralised exchanges? What is the gameplay? Are they the same? Does it mean that is it safer on Cefi?

 

Roy: Well, it is not my problem, the code was not audited properly but there are bugs. Cefi exchange is good for order book strategies since the fee is low, while defi is more of AMM gameplay, they will both remain major support roles in crypto market.

 

 

Anndy: That is risky. Trust me. I do not trust the centralised systems that wrapped up us decentralised. Not sure about Cream, but I know Machi is promoting it strongly.

 

Roy: Cefi is definitely not safer.

 

Anndy: Tell us more about it.

 

Roy: There is always a price for innovation, I would like to take that risk.

 

Anndy: We, all are :>

 

Roy: Cefi exchange sites got stolen all the time, almost every year there is a major event.

 

Anndy: I can name many of them in Asia especially. You have to enlighten us on this. Some Defi project is obviously scams, why are they still in the market? Why are people still buying them? Why are exchanges listing them too?

 

Roy: In real-world scams are everywhere, u can’t eliminate them, can’t prevent people from buying them, especially at early stage, when you have no idea whether its a scam or not. I still remember when Vitalik was asking for 31,000 BTC for his ICO, like several million USD back then, many people thought he was crazy. When ETH was $0.79 back then, there were articles warning Eth might have huge risk but how can you tell ETH is not one of the scams?

Sometimes we have to tolerate obvious scams to find out the real gold. Chainlink, DoT, you might have no clue what happened last 3 years, till u realized “oh, I remember that back in 2017”, the market will adjust itself. BTW, if a scam is tooooooo obvious, you should be able to identify.

 

Anndy: Many think that they can run before the scam got caught. People like to gamble LOL.

When there is demand, there is supply I guess. Market forces take over. No one is a saint here in the name of innovation. Cefi needs to catch up the times, else someone else would. Defi promises high interest, in my opinion, it has a very high risk. Do you think Defi is sustainable?

 

Roy: In 2012, I had no clue if bitcoin was sustainable, I was like, what if people stop paying $50 each for that shit coin? Still, we have bitcoins mined every day, who’s buying them? Sustainable can be tricky, I don’t know where the money comes from, but I do know miners are not providing any real value, it’s just more and more people join this consensus game.

Defi however, is like cefi, you can compare to cefi but are cefi exchange sustainable? Apparently not if people stop trading. I wouldn’t say 100% sustainable, but as long as the market holds 100B volume every day ( from CMC, the number might be exaggerated), as long as the market holds enormous volume every day,  Defi can be sustainable.

 

Anndy: This brings to the next question I have in mind now. Do you then think that liquidity will be an issue after waves of scam-like dumps and pumps? Who is paying the bills? Someone got to lose in this Defi game, isn’t it?

 

Roy: As long as the net value is positive, I am an optimist in Defi. People trade every day, the trading fees will eventually cover the bubble in the long run. We do have bubbles right now, but we have bubbles in the stock market, bonds, our currency so bubbles are fine, we are using bubble paper money to pay for possibly fewer bubbles.

 

Anndy: Bubbles back by real assets vs Bubbles backed by air is very different but we will leave this as it is or talk later in a private discussion. What are some of the risks, challenges and opportunities ahead for investors and projects? What should retail investors in this community look out for if they want to also “invest”?  And most importantly, how to make money?

 

Roy: First, always hit for the long run, you know the gas fee is no kidding, if u switch boats rapidly, you will lose money since the APY might drop dramatically in a short time. Second, try to avoid impermanent loss, don’t mine with shitcoin/ ETH pair or similar. I saw APY dropped from 1000%+ to 10% in 1 day if u withdraw, ur gas fee can be 100+ USD. Impermanent loss is the major problem for most users aiming for high APY, I spend most mining on projects like curve, swerve, or so low return, low risk. Relatively low return, still 30%+ APY, in the promotional period, swerve used to be 300%+ almost 0 risks.

Risk is fine, as long as risk can be calculated. I know a few people do like ETH/USDC and do futures at the main time, and some people collateralize ETH for DAI and use DAI to mine stuff.

 

Anndy: What is the definition of the long run? And a short time? You know, in crypto 1 hour is considered a long time to some lol And please share why is there “no risk” for some platform?

 

Roy: Swerve is like curve, its like exchange between stable coins, the revenue comes from ppl who want to switch between stable coins, so if you deposit stable coin pairs, your impermanent loss can be very little, a couple of days yield will cover that easily. That is my first point, try to master risk/return ratio, if you can’t control that, don’t invest.

Another point is to find where the alpha chances are, uniswap is definitely an alpha chance, the idea is how to maximize your benefit in UNI, mining might not be cool since the APY is relatively low comparing to impermanent loss, the total liquidity deposits are huge on all 4 pools. However, UNI/ ETH pair generate 600K fees per day, which means if you add liquidity in that asset, you get 0.25% returns per day.

The downside? UNI price might drop significantly, but that is not going to happen on the first day, if your UNI cost is relatively low, you are good. If UNI price surge by a lot, you get more ETH, it’s like selling your UNI eventually, you gain what you initially want plus daily yield from that pool, better than mining. Especially there is enough dump on day 1 since over 12k users have 400 each, buy them, pair with ETH and add liquidity on day 1, that is the alpha chance.

 

Anndy: Indeed the daily yield + is very attractive. HIGH RISK, HIGH RETURNS. OR NO RETURNS. Seems to the underlying message. Last but not least, share with us an inspiring quote.

 

Roy: I thought about this question many times, it happened like I have strict discipline, I take no action without calculation. My experience might not be that inspiring. I don’t gamble, I do arbitrage. Even if I gamble, I never play against odds.

People worship Elon musk or steve jobs, who think outside of the box, I do think outside of the box, but I prefer boundaries, I know my limit, even if “sky is the limit”,  there is a limit, you can’t gamble without limit. I don’t recommend being risk seeker or hater, I recommend you calculate your risk.

 

Anndy: Calculated risk and knowing one’s limit comes with experiences.

It is always good to have chats with experts like Roy. He is somewhat a neutral party like me to an AMA like this. We are totally neutral; not promoting for any projects right now. Just want to share our knowledge with all of you. This is what Asia Blockchain Community is all about.

Shall we open the floor for 5 questions first? You post your questions here. Roy will choose 5 of them to answer. You have 5 mins to post your questions now.

 

 

Roy: Im ready, shoot me.

 

(Audience starting asking about Ruff Chain)

 

Ruffchain is an IoT public chain, Internet of Things, like maybe one day you spend $100 USDT and get a non-fungible token, this will grant you 1-day access to a car at the airport, without signing the paper, registration, credit card and insurance etc.

 

Since this is more about Defi I will focus on Defi this time, if you like to know more about Ruffchain go to our site at ruffchain.com.

 

Shuja Hashmi: Hi Roy My questions are as follows: What holding Defi back today and can these barriers be overcome? Where do you see the future of Defi in 15-20 years from now?

 

Roy: OK, this is actually a good one. There are a few things holding Defi back now:

  1. Usability, like someone has mentioned it is too hard to understand, too hard to use it properly. There should be some easy tools giving you numbers more than APY, like health/risk factors, withdraw rate or so.
  2. High gas fees, not friendly to all users on Ethereum. However, most assets are on ether, it will be hard for other chains to build an ecosystem, we have to live with the high gas fee for now until we figure out some cross-chain tech.
  3. Lack of innovation, copycats will get dumped for sure, innovation like Synthetix is much better than sushi (copycat).

 

Mahathi: Now Defi is growing all over. What’s your view on Binance bridging the CeFi with Defi ?

 

Roy: Now defi and cefi are doing similar things (money-related), but when NFT (non-fungible token)  gets popular, many things will interact with Defi not cefi, so cefi will be limited to a subset of defi in utilities. Binance will be good on order book trading, but that’s it.

 

 

Venkatz K: Recent DeFi Trends Creates a Massive turn towards crypto  But The growth is not stable some Projects Launching then it peaks in a short time and dumps to none and exits. A lot of Examples we see Sushi Founder Exit. HotDog Exit with 4k$ to 0$. EOS Defi Emeraldmine(EMD)  Exit from Scam. Peoples also wanted to gain profit quickly and massively so they don’t read about the projects and team background. Also loss lot.

Are these facts healthy for DEFI? How to avoid Scam Projects? DeFi will survive with Investors Confidence?

 

Roy: I mentioned before copycats are not growing organically, don’t invest on copycats. However, yearn clone is an exception as aggregators may be different if they use different strategies.   Therefore, you need to find the entity behind a project. Compound, AAVE, cream are banking, Curve, swerve are stable coin exchange(close to real-world foreign exchange as the rate is not volatile),  uniswap,  balancer are volatile exchange.

 

As long as you understand the entity, you will know what you invest for, e.g if you buy sushi you are betting on sushi take significant market share from uniswap & balancer, Sushi might have a chance, but how is that possible when rewards dry up? by risk calculation, sushi has high risk comparing to its price, I might have bought sushi since normally the market runner-up will take 10-20% market share, but not at a high price.

 

 

Alpha Veer: Do audited platforms n protocols guarantee ppls investment ?

 

Roy: Every time a new pool or a new strategy is released, another audit is a must. Don’t just look at seals, you should ask if they have audit up to date, you may contact the audit company.

 

Venkatz K: Ruffchain comes under Alpha chance? how could we find a project comes under alpha chance and safe to go with that?

 

Roy: Ruffchain is listed on Huobi, as a public chain, our alpha chances will be right next to defi->filecoin type -> NFT. Non-fungible tokens are the prerequisite for Ruffchain as well as defi, the alpha chance is more like finding the trend.

Yesterday I lost 2276 ETH while withdrawing ETH using harvest’s fWETH, fWETH burnt but ETH not received, some other users got that bug too. However, I managed to stay cool and found out the panic is spreading, farm price dropped to $90 (not an alpha chance since risk is still high), fWETH can’t convert back to WETH temporarily so ppl try to sell fWETH , which becomes less than 1 WETH, I bought all the fWETH below 1,  and once everything got recovered, I exit with 1.005+ each fWETH. That is the alpha chance.

 

 

Venkatz K:  Super cool, Good One, most of the losses happens due to panic selling.

 

Shuja Hashmi:  Nice And thank You for your time..learning a lot from this session.

 

LALA: What is next after yield farming?

 

Roy: Defi is at very early stage, if you even read the book about Wall street history, you will find out in 200 years human beings stack many tools on finance to create an enormous semi-working system today. And that system needs to get updated every 10 years whenever there is a major financial crisis, Defi is no different.

In March 12th,  Makerdao experienced gas attack by ppl using 0 DAI to buy out ETH with higher gas fees, compound experienced loss in liquidity algorithm back when ETH price declines rapidly. We are fixing the problems, many projects state like yearn (beta project, use at your own risk).

We probably need years to make our defi systems bulletproof, and try to stack more tools, insurance, for example, default swap products (sounds familiar if you know what happened in 2008), syntehtix introduced another idea of DIY- asset, which is good, you can bet on a price change or other related factors.

Many more will come out and spark, I just can’t wait.

 

 

Anndy: Same here man. Thank you, Roy for all the sharing today!

 

Roy: Thank you!

 

Jenny: Good and Interesting Session learning session, love that and thank you, Roy.

 

Roy: My pleasure.

 

 

 

Original Source: https://blockcast.cc/interviews/blockcast-cc-ama-on-defi-with-roy-li-founder-of-ruffchain-moderated-by-anndy-lian-book-author-of-blockchain-revolution-2030/

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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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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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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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