Keynote speech by Anndy Lian: Understand DeFi to Build Regulatory Frameworks Around it

Keynote speech by Anndy Lian: Understand DeFi to Build Regulatory Frameworks Around it

Decentralized Finance (DeFi) is still in rapid growth. According to a report from CoinGecko, the industry has reached a $100 billion capitalization and over one million users. Global DeFi Investment Summit, 2-3 June 2021, Dubai brought experts globally together. Anndy Lian, Advisory Board Member to Hyundai DAC and also Chief Digital Advisor to Mongolian Productivity Organization gave a keynote presentation titled “Understand DeFi to Build Regulatory Frameworks Around it”.

Anndy walked the audiences through the challenges of DeFi tokens. “In 2019, we were all experimenting. Then in 2020, we wonder if DeFi tokens have real value. But in 2021 onwards, we should look closely at them if they can survive the bear plunges, then survive the financial crisis and then a global crisis. This is a real test. This test is not for DeFi, it is for NFT, IDOs and the whole cryptocurrency space.”

Lian highlighted that the decentralized governance of DeFi services poses operational challenges and if often not well understood in the exposures in financial risks and compliance issues. DeFi’s landscape is ever-changing and it is tough for the traditional finance industry to keep up. The governments are also playing catch up.

“Regulators understand that it is hard to regulate DeFi DAPPS built on a fully public and decentralised blockchain and they do not trust “code is law” thesis, wherein law represents a set of rules that are written and enforced through immutable code as there are possibilities of errors and frauds. I have suggested to the governments to encourage participants in the DeFi Industry to have co-operative models to assume governance and liability of operating the platform. This also provides some guidance and protection to DeFi application users or investors. This is maybe an unpopular opinion to some but this could be one way to co-exist.” Anndy Lian said.

At the end of the keynote speech, he urges the regulators to take this time to shape expectations by working with the right parties, while taking enforcement action against bad actors.

Global DeFi Investment Summit is a 2-day Program being curated based on guidelines from industry experts, with a target of about 200+ delegates. The goal of this event is to connect global investors and DeFi experts in this space including emerging start-ups – with regional business and leaders from across key industry verticals. This event has also featured other keynote speakers like Justin Sun, Founder at TRON and Tim Draper, Founder at Draper Associates & DFJ.

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Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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

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Anndy Lian’s Comments Quoted “DeFI as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner.”- Associated Press

Anndy Lian’s Comments Quoted “DeFI as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner.”- Associated Press

Thanks for taking my comments BitBerry. I got to know about this wallet from UpBit in their early days. Glad to see that they are moving along with the times and working with new partners to expand their business.

Anndy Lian, a DeFI expert and also a Member of Gyeongsangbuk-do Blockchain Special Committee, Government of the Republic of Korea added:

“I am a user of BitBerry and I do see the importance for their wallet to move with the times and embrace DeFI. DeFI as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner. Thanks to their existing framework, BitBerry’s non-custodial nature can let users safely store their own funds without having to rely on third-party institutions to hold their assets. And by partnering with OKEx and listing OKB to their wallet, this has opened up new opportunities for the current users.”

 

 

BitBerry Signs MOU with OKEx, a world-leading cryptocurrency spot and derivatives exchange

 

South Korea, Seoul — BitBerry signs MOU with OKEx, a world-leading cryptocurrency spot and derivatives exchange to work together in the cryptocurrency industry. On the signed document, both parties agree to help each other in the markets that they are active in and also look at listing OKB onto BitBerry’s wallet.

BitBerry, founded in 2016 is a leading cryptocurrency wallet in South Korea with over 100,000 users. They aim to make money transfer simple, easy and secure globally based on blockchain technology.  While, OKEx is a world-leading cryptocurrency spot and derivatives exchange, offering the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.

The community members from BitBerry who heard of the plans to include OKB into their wallets spark new excitement in the forum. OKB is a globally available ERC-20 utility token issued by the OK Blockchain Foundation that gives users of the OKEx trading platform various exclusive benefits. OKEx also has a buy-back and burn program for OKB tokens, whereby 30% of spot trading fee income is allocated to acquiring OKB from the secondary market each quarter. In terms of performance, OKB posted gains of 287.96% in 2019 and according to date from CoinGecko, OKB topped the list of the 30 digital cash in the first quarter of 2020, with a 148% increase. A crypto analytics firm  Messari, the annual return on investment of OKB is as high as 62%, which is far above the industry average.

Jae Bum Yoo, CEO of BitBerry said: “Having OKB listed on our wallet is a gateway for our platform to grow globally. OKB is a top 20 coin according to CoinGecko.com and Blockreview.net, we want our users to be exposed to coins and products ranging from DeFI, payments and security to cryptocurrency trading bots that come together with the OKB ecosystem. This will be win-win-win for all parties. We will work hard to make it happen earlier for our users.”

BitBerry has more than 100,000 users on their platform currently and many of the users are also keen to know more about OKB and experience DeFI services that comes in the ecosystem. For example, once the integration and listing of OKB is completed on BitBerry, OKB now can be used as  collateral in C2C loans  on OKEx. Users can borrow USDT by pledging OKB without incurring any service fees and take advantage of the minimum interest on borrowing, which is as little as 0.01% per day.

Connecting Wallet to DeFI

DeFI or commonly known as decentralized finance refers to financial services, including lending, exchanges, investment, stablecoins, and more, is currently the buzz word in the cryptocurrency space. Financial services are bounded by smart contracts, which are automated enforceable agreements that do not require intermediaries like a bank or lawyer and use online blockchain technology instead.

BitBerry is ready for this space and it is ideal integrating their wallet to OKEx’s full suite of trading products for on DEX such as Uniswap. Anndy Lian, a DeFI expert and also a Member of Gyeongsangbuk-do Blockchain Special Committee, Government of the Republic of Korea added: “I am a user of BitBerry and I do see the importance for their wallet to move with the times and embrace DeFI. DeFI as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner. Thanks to their existing framework, BitBerry’s non-custodial nature can let users safely store their own funds without having to rely on third-party institutions to hold their assets. And by partnering with OKEx and listing OKB to their wallet, this has opened up new opportunities for the current users.”

Planting Seeds for Regional Growth

While BitBerry is a known brand in South Korea, they allow users to transfer money via phone numbers by issuing a unique address based on the unique phone number. The login process is simple and authentication can be triggered using KakaoTalk or fingerprint recognition via Kakao Pay. The strong case study in South Korea gave them more confidence in the regional market.

BitBerry’s sales and marketing spokesperson also highlighted that they are already working with more corporate clients regionally who want to utilize BitBerry’s technology for retail and other commercial purposes. They are continuing its efforts to move beyond its shores into South East Asia such as Singapore, Malaysia, Thailand and Philippines as their next target markets. The regional growth plans will expand more effectively with the help of the MOU with OKEx.

 

About BitBerry ( www.bitberry.app)

Founded in 2016 is a leading cryptocurrency wallet in South Korea with over 100,000 users. BitBerry aims to make money transfer simple, easy and secure globally based on blockchain technology. MonsterCube is the owner of BitBerry and also SODAcoin that is already listed on Bithumb.

 

About OKEx ( www.okex.com)

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.

 

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Source: https://apnews.com/press-release/kisspr/technology-business-financial-technology-seoul-south-korea-61100ffaa3e727fc3827735d699af011

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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

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WFMJ: “Build the business step by step, and not think you are bitcoin” – Anndy Lian, Inter-governmental Blockchain Advisor shared at the World Blockchain Summit Busan 2020

WFMJ: “Build the business step by step, and not think you are bitcoin” – Anndy Lian, Inter-governmental Blockchain Advisor shared at the World Blockchain Summit Busan 2020

Anndy Lian spoke at a panel titled “The Future cannot be regulated” at the World Blockchain Summit Busan 2020. The event has brought international technology experts to Busan, South Korea, to discuss the future of blockchain.

“Innovation is the guarantor of future prosperity and not regulation. In order for us to have a brighter future, we need to be innovative now to set a good foundation, and regulations can set in later to standardize. This is how typically sandbox models work, we trial and error, and if the results are good and acceptable, they graduate from the sandbox regime. Singapore’s MAS did a good job for blockchain-driven project, and I believe Busan as the regulatory free zone can take reference from what was done and make it better,” Anndy Lian commented.

Andrew Faridani, member of the Forbes Business Development Council agreed with the points and added: “The companies best positioned to be able to help the authorities make responsible regulations are those companies in industries that have the power to generate the most customers. The leading industry may be the gaming industry, because of its potential to recruit end-users at a rapid rate is probably the biggest out of any of the industries involved right now in blockchain. Responsible leading companies such as Gaimin, have the ability to be the forerunners of this movement.”

Former South Korea Minister of Environment Lee Maanee and keynote speaker at the event also explained further, “Busan has designated the blockchain special zone and laid the foundation for the public and private sectors to become the leading model of the Fourth Industrial Revolution.”

“There are many discussions today from DeFI to Ethereum Killer. Like I have mentioned on the stage, we are all supporters of blockchain technology. Highly likely, if you have invested in Bitcoin, you could have made some money but if you are a hardcore blockchain company, you could have lost money. I did not have time to elaborate on the stage on this. Blockchain companies must be realistic and build the business step by step, commercialise their products properly, and not think that they are “bitcoin”. Think in this manner, and the future will be a better one.” Anndy Lian, who is also an Inter-governmental advisor at Asian Productivity Organisation added.

The World Blockchain Summit Busan 2020 was held in Busan, South Korea on 20th February 2020, jointly organised by Blockchain MARVELS and Busan Economic Promotion Agency, and hosted by the Korea CEO Summit, Busan, BNK Financial Group, Korea Blockchain Industry Promotion Association, Korea Blockchain Startup Association, Korea Blockchain Association, Global Fintech Industry Promotion Center, Chungbuk Blockchain and Korea e-Sports Industry Association.

Blockchain experts from Maker DAO, Conflux, Gaimin.io, Quarkchain were present at the event to lend their support and find out more about the Busan Economic Zone. Park Ki-sik, chairman of Busan Economic Promotion Agency, Chairman Kim Hyung-jin of Sejong Telecom, Former Constitutional Judge Ahn Chang, and Han In-suk, Honorary President of the University of Utah Asia and many others were present at the event to lend their support.

Park Bong-gyu, Chairman of the Korea CIO Summit and World Blockchain Summit has been a key driver of this CEO community in South Korea for the past 16 years. Members include Samsung Group, LG Group, SK Group, Lotte Group, CJ Group, Panasonic Korea, BMW Korea, IBM, Genesis BBQ Group, McKinsey, etc.

For more information on the summit, go to https://wbsmarvels.com/

About Anndy Lian (www.anndy.com)

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 currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation 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 upskill 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.

Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies. South Korea. He wrote a book titled “Blockchain Revolution 2030” and is published by Kyobo, the largest bookstore chain in South Korea.

Original Source: https://blockcast.cc/press-releases/world-blockchain-summit-busan-2020-anndy-lian-author-of-blockchain-revolution-2030-build-the-business-step-by-step-and-not-think-you-are-bitcoin/

WFMJ: https://www.wfmj.com/story/41825581/build-the-business-step-by-step-and-not-think-you-are-bitcoin-anndy-lian-inter-governmental-blockchain-advisor-shared-at-the-world-blockchain-summit

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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

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World Blockchain Summit Busan 2020: Anndy Lian Author of Blockchain Revolution 2030 “Build the business step by step, and not think you are bitcoin”

World Blockchain Summit Busan 2020: Anndy Lian Author of Blockchain Revolution 2030 “Build the business step by step, and not think you are bitcoin”

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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

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Anndy Lian, CEO of LINFINITY drives digital transformation further with blockchain for a better future

Anndy Lian, CEO of LINFINITY drives digital transformation further with blockchain for a better future
LINFINITY, one of the most active company in the blockchain supply chain industry builds on their vision of using smarter machines and blockchain technology to create a more sustainable and complete ecosystem at Korea Future Forum (KFF) 2019.
KFF, organized by News1, MoneyToday and the UN Future Forum has invited world’s most renowned professionals to look at trends that will dominate the future society, and discuss challenges and solutions to the society.

Mr Anndy Lian, CEO of LINFINITY is one of the speaker at the forum who spoke about their business in the supply chain and how smart machines can aid the future with the usage of blockchain technology.
“Supply chains play a very important role in the economy and the usage of blockchain technology can bridge some of the gaps thus forming a sustainable ecosystem. In order to do so, we need to further digitize this industry. Smart machineries can give us more data points, while blockchain captures the data to give more transparency and security. A win-win digital transformation strategy is vital and a better future in the making.”
Digital Transformation creating a paradigm shift in markets is leading future industry and political, economic, sociocultural innovations. It ultimately seeks to foster an ecosystem that allows humanity prosper and benefit from efficiency. KFF 2019 delivers the most relevant information on what kind of changes individuals, businesses, and countries will face through the organic relationship between the technologies that the fourth industrial revolution would bring.
Guest speakers at KFF have also shared their knowledge and insights to give prospects about the present and future global challenges the world is facing, and to actively present frameworks for thinking and cooperation that can lead humanity into coexistence and co-prosperity.
Jungsik Suh, Senior Vice President of ICT Division at Hyundai Motor Group also presented the “Hyundai Motors’ Connected Car Strategy” which gives us a glimpse of the future and how connected we are on the roads with the their new technologies.
Blockchain technologies and cryptocurrencies are one of the key topics in this forum. Notable blockchain experts such as Brock Pierce Chairman of the Board at the Bitcoin Foundation also gave us a complete overview of the current cryptocurrency market and why 2019 is the year of popularization for crypto. Nitin Gaur Director of IBM WW Digital Asset Labs also shared his vision for the future of public and private blockchain usage.
“New digital technologies such as Big Data, Artificial Intelligence (AI), self-driving cars and Blockchain are shaking the traditional foundations of society and industry to the core. We need to look at the future and plan for the future. Blockchain is definitely one of the most important aspects for our future”, Professor Young-Sook Park, KFF Co-organizer, Futurist and CEO of The UN Future Forum stated.
LINFINITY will continue to work closely with the new digital technologies and futurists to create a more sustainable supply chain ecosystem.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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

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