Blockchain for Business: Top Use Cases, Benefits & Pitfalls in 2024

Blockchain for Business: Top Use Cases, Benefits & Pitfalls in 2024

blockchain is a shared and immutable data storage technology that is used for payments, supply chain management, trade operations, tokenization, and privacy solutions.

The technology is finding its way into the corporate world because of its unique properties that allow the creation of programmable, transparent, accessible, secure, and trustless systems.

Anndy Lian, an intergovernmental blockchain experttold Techopedia:

“It is not just financial systems; blockchain can empower individuals to take control of their personal data and privacy, mitigating risks associated with centralized data storage. We’re at the early stages of understanding how blockchain and crypto can revolutionize various industries. From supply chain management to healthcare, the potential applications are vast.”

What are the benefits of blockchain applications? What are the challenges that companies may face when adopting blockchain tech? We explore these and highlight some of the most popular use cases of blockchain for businesses in various sectors.

Key Takeaways

  • Blockchain tech has unique properties that allow the creation of programmable, transparent, accessible, secure, and trustless systems.
  • Blockchains are used for payroll, supply chain management, trade operations, tokenization, privacy, and retail operations.
  • Businesses can use public blockchains like Ethereum or create their custom private blockchains.
  • Businesses can use blockchain to build trust, improve privacy, reduce costs, facilitate cross-border payments, and more.
  • Uncertainty around crypto regulation is a key hindrance in adopting blockchain technology.

What Are the Major Blockchain Applications Across Industries?

Here are some of the most popular blockchain use cases and examples of using blockchain for small businesses and large corporations.

Six Popular Blockchain Use Cases

Payroll

Payments are an obvious use case of blockchain technology. The cryptocurrency industry has used blockchain technology as a bedrock to build peer-to-peer payment systems, while governments are leveraging blockchain technology to create central bank digital currencies (CBDCs).

The growth of remote work has also helped this trend grow as crypto payments facilitate easy, quick, and cheap cross-border payments.

For example, the human resources (HR) management platform Deel allows companies to pay and contractors to receive their salaries in BTCETHUSDC, Dash (DASH), Solana (SOL), and BUSD.

Supply Chain Management

Blockchain supply chain management solutions modernize complex chains that have numerous intermediary parties, processes and endpoints.

The transparent and immutable nature of a blockchain ledger ensures that all concerned parties have a single trusted source of information while providing information in real time to all concerned parties.

Blockchain supply chain solutions also reduce paper-based processes and email exchanges and allow automation, thereby increasing transaction speeds.

Trade management company Covantis created a network to process the execution of bulk agricultural trade operations from the appointment of third-party providers to sharing of documentary instructions and generating drafts and final documents.

Trade & Commerce

Blockchain solutions for trade and commerce created a reliable platform to help buyers find sellers, negotiate with each other, and complete the trade without having to meet each other.

These trading platforms store agreed-upon contracts on the blockchain, while smart contracts custody funds and automate payments when real-world conditions are met. All the information remains visible to all parties on the blockchain.

IBM created a blockchain-based trade management platform we.trade that solves the issue of lack of trust. Importers and exporters that don’t know each other can securely connect with each other on we.trade.

Real World Asset (RWA) Tokenization

Tokenization of real world assets is a promising blockchain use case for businesses that want to increase market liquidity for illiquid assets like real estate. Tokenization can also be used to safeguard intellectual property like copyrights and patents by storing them on an immutable blockchain network.

RWA tokenization is among the top five crypto market trends and technologies in 2024. Traditional finance companies are tokenizing illiquid real estate and fine art into thousands of digital tokens, bringing down the entry barrier for small investors. At the same time, the global nature of public blockchains like Ethereum (ETH) has allowed RWA tokens to reach investors from across the world.

Lian said:

“I believe that tokenization has the potential to democratize access to investment opportunities, allowing individuals from diverse backgrounds to participate in previously inaccessible markets.”

The world saw the first tokenization of real estate in June 2019 when a luxury property called ​​AnnA Villa in France was divided into thousands of digital tokens on the Ethereum blockchain with a minimum entry ticket of investment of €6.5. The tokens came with ownership rights, voting rights, and a one-year vesting period for initial token holders.

Decentralized Identity

Data privacy and security are key issues that businesses have to deal with every day. Using blockchain technology, corporations can leverage a privacy-preserving identity management system called decentralized identity.

Decentralized identities are stored on the blockchain and are not controlled, managed, and stored by centralized third parties. The use of zero-knowledge proof technology, which is gaining popularity on public blockchains, allows organizations to create identifications and certificates that can be verified without revealing any information. Decentralized identification prevents certificate fraud, fake credentials, slow verification processes, and data leaks.

Health-focused enterprise enablement company BurstIQ provides a blockchain-powered platform called LifeGraph that manages sensitive health data. Healthcare and life sciences companies can secure customer data to a single source where participants can control others’ access to their data. Permissioned data can be analyzed, without violating data privacy norms, for improved efficiency, better decision-making, and increased effectiveness in medical processes.

Non-Fungible Tokens (NFT)

Although crypto NFTs are typically associated with absurd market prices, their broad use cases are often misunderstood. Consumer brands like Nike, Puma, and Louis Vuitton have used NFTs as a marketing tool and as a way to digitize and enhance shopping experience.

Since acquiring digital art studio RTFKT in 2021, Nike has occasionally released exclusive NFTs that can be redeemed for physicals. Similarly, in 2023, French luxury fashion house Louis Vuitton sold “phygital” NFTs called Treasure Trunks – worth €39,000 a piece, as reported by Vogue – that granted owners access to goods and experiences.

In September 2022, Starbucks piloted a customer rewards program powered by NFTs called Starbucks Odyssey. However, the company later shut the program in March 2024.

Benefits & Pitfalls of Blockchain for Business

Benefits

  • Trust
  • Improved Privacy & Security
  • Reduced Costs
  • Faster Settlements
  • Programmability & Customizability
  • Tokenization

Challenges

  • Technical Expertise & Investment
  • Regulation Uncertainty
  • Risk of Hacks
  • Limited User Adoption
  • Energy Consumption
  • Scalability & Interoperability

Benefits of Blockchain for Business

Here are the key benefits of using blockchain tech for business operations:

1. Building Trust

Blockchains when paired with smart contract technology can create trustless systems that are immutable, transparent and objective in nature. In a world where there is growing distrust over corporate practices, the use of blockchain technology can help generate trust.

2. Improved Privacy & Security

Although blockchains are not immune to hacks, the development of cryptographic technologies such as zk-proof can ensure data privacy and safety. ZK-proof technology is especially useful in protecting private data as it allows data verification without revealing any information.

Businesses can also leverage public blockchains such as Ethereum to store data and transact upon. The decentralized nature of public blockchains ensures that no centralized party has the power to modify or delete stored data.

3. Reduced Costs


Blockchain technology can help organizations reduce costs by making supply chain and trade management systems efficient, transparent, and accountable. This is especially useful for corporations that have to conduct business operations on the assumption of trust.

4. Faster Settlements

The use of blockchain technology shines when it comes to payments. Cryptocurrency blockchains are global in nature and operate 24/7 making them perfect channels for cheap and immediate cross-border payments.

Unlike the traditional banking sector, businesses will not have to wait for banking hours for settlement and will not incur multiple fees applicable in international money routing.

5. Programmability & Customizability

Businesses have the choice to use different types of blockchains depending on their needs. For example, public crypto blockchains are suitable for handling payrolls, while private blockchains can be developed to allow access to only concerned parties within a supply chain or trade operation.

Furthermore, the use of programmable smart contracts allows the development of applications that use the underlying blockchain networks for data storage and transaction settlement. Smart contracts also allow automation where transactions self-execute when specific conditions are met.

6. Tokenization

Tokenization fits financial use cases. The borderless nature of public blockchains like Ethereum and Solana allows tokenized financial assets to attract a wider pool of investors from across the globe.

Potential Challenges & Pitfalls

Here are the biggest barriers to blockchain adoption in business:

1. Requirement of Technical Expertise & Investment

Businesses will incur costs when recruiting blockchain experts and implementing blockchain technology. The use of public blockchains will require businesses to pay gas fees and auditing fees when setting up applications and smart contracts. Meanwhile, the development of private blockchains from scratch may be expensive and time-consuming due to its complexity.

2. Regulation

The uncertainty around cryptocurrency regulations is one of the biggest challenges in implementing blockchain technology for businesses. Cryptocurrency and blockchain applications often face difficulty finding banking partners in regions with unfriendly and unclear crypto regulations.

The uncertain crypto rules and regulations can hamper business progress and discourage customers from using blockchain-based applications.

3. Hacks

Blockchains are not immune to hacks. 51% attacksdouble-spending, and sybil attacks are key risks to public blockchains. Furthermore, businesses must conduct thorough audits of their smart contracts before deployment or risk being compromised.

4. Limited User Adoption

Blockchain technology is relatively nascent, and therefore, businesses may encounter resistance from trade partners, supply chain management parties and consumers when they introduce blockchain-based solutions. Low awareness about blockchain and cryptocurrency technology among concerned parties is a major hurdle in this area.

5. High Energy Consumption of Proof-of-Work Blockchains

Proof-of-work (PoW) blockchains like Bitcoin are criticized for their high energy consumption rates and carbon footprint. Businesses looking to use these blockchains may attract criticism from customers and investors.

6. Scalability

Public blockchains like Bitcoin and Ethereum often face scalability issues that have resulted in limited network throughput. High transaction volumes on these networks can result in transaction execution failure, exorbitant transaction fees, and delayed transaction processing.

7. Interoperability

Blockchains are often referred to as “data silos” as they tend to exist in isolation from other blockchain networks.

The lack of interoperability between blockchains leads to inefficiencies as businesses will have to rely on third-party solutions to retrieve data from a foreign blockchain.

Fragmentation of data can also hinder collaboration and stifle innovation between businesses or departments within a corporation.

The Bottom Line

Blockchain is a revolutionary technology that offers unique value propositions like trustlessness, transparency, immutability and decentralization.

When duly implemented, blockchain can help corporations make their business operations more efficient and bring about a social and cultural change where trustless and transparent systems become the norm.

 

Source: https://www.techopedia.com/blockchain-for-business-your-enterprise-guide

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

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

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Speech by Anndy Lian at Blockchain Fest 2022: Implementing NFTs for your business

Speech by Anndy Lian at Blockchain Fest 2022: Implementing NFTs for your business

Introduction

The rise of NFTs seems unstoppable following the recent sale of CryptoPunks to Yuga Labs, and the minting of metaverse land by Yuga just recently netting the company over £250 million. However, while this may seem just another chapter in the rise of NFTs in the digital collectable world the striking thing in 2022 is how they are going mainstream. The signs of mass adoption are already to be found online in social media channels, as people start to use their favorite NFTs for their Twitter or Reddit profile pictures; in turn the popularity has undoubtedly caught the imagination and marketing budgets of big brands, with both retailers and global brands like Adidas joining the NFT movement. With recent news that Facebook-owned Instagram will start testing the integration this week and will not charge any fees for posting and sharing NFTs on the platform it’s time to start taking the business use of NFTs seriously.

While the majority of consumers may be skeptical for good reason, as the user interface remains complicated for many people, this is not a passing trend, NFTs are here to stay. Which begs the question, how can businesses both large and small make use of this fascinating technology for the benefit of their customers and their own profitability? Clearly a major motivator for business involvement in the NFT market is to generate their own revenue. This is true for businesses looking to give away their NFTs as a promotional campaign, to consider the value of the NFTs on the re-seller market, and how that could also generate revenue. However, it’s worth underlying the fact that NFTs are just one small part of the broader new wave of the web called web3, which includes the metaverse and cryptocurrencies. And with Facebook going in hard with billions of dollars in metaverse-related spending (around $10 billion on AR, VR, and related hardware as well as the development of metaverse apps and services), and US theater chain AMC recently announcing significant customer spend using crypto, now’s the time to take a closer look at why NFTs have a real business case to consider.

Its perhaps useful to consider the comparison with the early days of the internet, when some industries found the new online world easier to take advantage of than others, with books sellers facing an easier task to e-commerce than say fresh food retailers. Similarly, now NFTs are more readily used by sports and media companies looking to create new sources of revenue from media assets. While the NBA’s Topshots is often cited, having become an integral part of the NBA fanbase, with a valuation of up to $7.5 billion (Sept 2021) the real expansion of the use of NFTs in 2022 has been in European football. Like the NBA it’s a way to engage a younger section of fans, and like the use of NFTs in the music business it has the advantage of building on an existing community of fans. The example of Sorare, which has built on the market for digital football trading cards, is the standout example of a business which originally built its revenue as a fantasy football league buy moved into NFTs. However, while this is one niche business that has seen the opportunity to expand its appeal and revenue through NFTs it does point to a powerful engagement element that all online businesses, particular consumer facing ones, namely community.

As business owners know, and marketers even more so in this competitive multi-channel online world, serving and sustaining a customer base over time that reduces the costs of customer acquisition and retention requires building and sustaining a loyal community. As shown with the case of football or music fans, each of which come with respective ready-made communities, NFTs are a great way to reach and retain communities. These include loyalty programs, which reward customers for their loyalty and encourage them to continue to do business with you, to B2B style membership programs, that allow businesses to give exclusive members-only content or discounts. **The bulk of the NFT community, as of right now, is on Twitter and Discord. There are many overlapping correlations between building a community on Twitter or Discord and doing so on more traditional social media platforms like Facebook or Instagram but there are some things to keep in mind with the current NFT community.

For example, many people inside the NFT communities right now work anonymously, meaning that they don’t use their real names, real photos, or public branding. This is opposite from platforms like Facebook, which requires your real name, or Instagram and TikTok, which rely heavily on seeing the face behind the brand. Inside the NFT community, they rely mostly on the merit of what you’re bringing to the community, your connection, and the conversation. There’s no judgment based on followers, platform size, or how nice your photos look. And this takes some getting used to, especially when the majority of social media marketing over the past decade or so has centered on things like showing the face of the brand because audiences prefer to connect with a person rather than a brand. That still holds true. People do prefer to connect with other people over things like logos. In regard to Discord, the connection comes through that conversation rather than through the picture. **

Assets and commodities

By attaching NFTs to physical goods, an additional level of guarantee can be offered to distributors and consumers to prove that the goods in question are the real deal. Examples might be NFT-enabled ear tags for premium beef cattle, allowing each animal to be tracked from ‘farm to fork’ with total accuracy. Likewise, shipments of commodities (e.g., grain, iron ore or water) can be assigned a unique NFT so their progress through the supply chain can be reliably traced.

NFTs can help prevent ‘leakage’ of genuine goods along the supply chain, as well as stopping counterfeit goods being introduced or substituted. They can also be utilized to guarantee specific characteristics of goods, such as methods and circumstances of production. Several fashion houses are looking to use NFTs to assure their customers their fashion pieces have been manufactured sustainably and ethically, and the gemological industry is exploring the use of NFTs to restrict the sale of ‘blood diamonds’.

As a fundamental aspect of blockchain, this concept is, in principle, scalable down to the level of individual items. Although the state of technology and the relatively high transaction fees for updating NFTs mean that such use cases are currently viable only for high-value assets, we can expect to see diamonds with NFTs linked to unique laser-engraved serial numbers, bottles of fine wine with NFT-enabled QR codes, or sports cars with vehicle identification numbers backed by NFTs.

Investments

NFTs can also be used to enable fractionalized or micro-investment in such assets, where an individual acquires a small share in a diamond, an artwork, or a plot of land, to name a few. This might seem somewhat counterintuitive as it effectively undoes the non-fungibility of a NFT by rendering its fractions fungible! However, there is a growing market for such things and, while it is still at a very embryonic stage, financial authorities around the world are working to extend their regulatory regimes in order to cover the new risks and opportunities presented.

Licenses, certificates, registrations

Many of us are still happy to accept a formal-looking certificate at face value, but the sale and use of fraudulent qualifications is widespread. In an era of hard-copy documents, the question of authenticity and security was traditionally addressed by using special paper, unique seals, holograms, and wet-ink signatures. None of these translates satisfactorily to the digital world, but NFTs are perfectly designed to verify electronic information, increasing efficiency, and reducing the administrative burden of keeping and checking records.

Collectibles and gaming

CryptoKitties, a game run on the Ethereum blockchain, was one of the first commercial use cases for NFTs. It allows players to ‘breed’ virtual cats, selecting sires and queens for specific traits much as in the real world. Animals with proven pedigrees can become extremely valuable – in 2018 one CryptoKitty sold for US$140,000.  Similarly, ZEDRun is a platform for breeding and racing digital horses where successful breeders can earn significant sums of money in prize money and stud fees.

Several online gaming platforms, including My Crypto Heroes and Aavegotchi, allow the purchase of NFT-backed in-game items to allow players to level up and gain unique advantages over their competitors.

While the trade in sporting highlights, such as NBA TopShot’s tokenisation of basketball matches, is akin to the market for digital art (covered in our previous article), NFTs can also be used to verify physical collectibles. Ethernity is a leading marketplace for NFT-backed real-world items such as limited-edition baseball bats and, in 2019, Austrian Post launched Crypto Stamps which can be used like normal stamps or collected and traded on the blockchain.

Tickets

Ticketing for sport, music and other events has been plagued in recent years by forgeries and fraudulent practice in resales. The immutable and ‘trustless’ nature of blockchain technology promises to help address some of these issues. While it may not be practicable (or even desirable) to completely eliminate ticket resellers, it may be possible to reduce sales of fake tickets and the use of automated botnets by scalpers to corner markets for specific events.

Creative industries

As highlighted earlier where much of the innovative use of NFTs that is currently taking place is within the creative industries, especially for individual artists and musicians to create new communities between collectors, fans, galleries, artists, musicians, sculptors, painters, and a whole new generation of digital only artists. Artists are able to build a long term relationship with their fans by offering a proportional share of royalties, and NFC is the perfect vehicle. American rapper Riff Raff is really interesting. His music is on the new Sonic Hedgehog film, he’s an up and coming artist who decided, for his next album, I’m going to sell 5,000 $100 shares. And that’s the royalties for the album, $500,000, directly earned from his fans. In a recent BigONE NFT discussion the wider use of NFTs to help musicians, collectors and fans was led by Token||Traxx co-founder Tommy Danvers, who has produced artists such as Beyonce during his career. He pointed out that tech companies have led the music business over the last 15 to 20 years, creating a system where less than 12% of music income actually ends up with the creators themselves. For him, the value of NFTs is that it allows for unique things that you can attach to any aspect of creativity, from musical tracks to tickets, to live performances. What makes NFTs valuable is that while they are unique, they are also tradeable. His aim is to build a new system built around NFTs to replace the one that’s operated at the detriment of musicians, but which allows artists, curators (DJs and podcasters) and collectors to work together.

Challenges faced in using NFTs: education and security

Two main challenges face the business adoption of NFTs is they are going to deliver, namely education within the business and with customers, and safety and security issues around use of NFTs. One of the best things Gary Vaynerchuk did before launching his NFT was to spend a month or so on Twitter educating his audience about NFTs first. If you’re planning on leading your business into the NFT space, start by educating your audience on what an NFT is and how you’re integrating it into your services and community. Because NFTs are still very new, many people are still somewhat skeptical about what an NFT is, what it does, and what they can do with it. They don’t yet know what a wallet is, how to set up a wallet, or how to keep their funds secure once everything is set up. As the business owner and community leader in your NFT space, you’ll want to take time to show your audience where to go to create their wallet, how to create their wallet, and explain to them what NFTs are before you even launch your NFT. This will help your audience accept and move into the NFT space with you. If you don’t do this extra step to prepare your existing audience for the advent of NFTs inside your business, then you risk losing them right as your NFT launches. Instead, you want them primed and ready to buy into your NFT and help build your community by buying into it. And that requires that your audience understand the value of NFTs in general but also the value of your specific NFT and what they’re going to get out of it.

At the recent BigONE expert discussion on NFTs a key issue came up that’s very relevant for businesses to ensure their adoption of this new technology is successful, namely safety. It’s really kind of sad and ironic that the entire point of a blockchain is this concept called Byzantine fault tolerance, meaning all the different people you’re connecting with, how do you trust that the messages you’re sending and receiving are legitimately part of consensus, meaning everyone there who’s participating agrees that this digital item that you use to control is now transferred from you to someone else, and now they control it. It’s very easy to do with a physical item, I just hand it to you and ever knows, oh, now it’s in your possession, it’s yours. But a picture of an item is very challenging. How do you know I didn’t send it to 20 other people before I sent it to you? While the concept of NFTs enabled people to say provably with cryptographic security, you are the correct owner.  The challenge is it can be very confusing.

One option to make life easier for businesses and customers is to use a solution by the FIO (Foundation for Interwallet Operability) which provides human readable addresses to your crypto interactions. So instead of a big, long, Ethereum address, or a long, Tezos address, businesses can have their own address, whether for a record label, or whatever the situation might be. And that’s a human readable experience for sending and receiving these digital assets. What’s good about the FIO’s solution to making NFTs more user friendly and more secure is that you can also sign into your NFTs with human readable addresses. So, when an artist makes a painting for example, he or she’s gonna he signs it like any piece of art, right? They sign it and to say, this is mine, I did this. If somebody then tries to take a copy of this jpeg, or a copy of this song file and pretend that they’re me, and then go minted on some other blockchain on some other.

The issue is how do you know that it’s the real NFT, as most people don’t actually check the contract address. Rather than invite government regulation it’s important for the crypto industry to self-regulate, and as much as possible to do so with self-sovereign tools like the FIO protocol, that are open source, openly, freely accessible, permissionless systems that actually reward all the participants. So, it’s worth businesses considering some solution to sign your NFTs with human readable addresses, so the artists get rewarded, the platform developers get rewarded, the participants get rewarded, via the value created by the blockchain itself.

Experiment with authenticity

Wading into the murky waters of Web3 will seem daunting at first. Over time, brands, businesses, and individual creators must figure out what works for them through trial, error and observing what succeeds and fails for others. Remember that much like with Web1 and Web2, sincere adoption and creative experimentation will attract greater rewards in the long term. Faking community membership by co-opting NFT slang in social media posts can backfire by making your business appear out-of-touch, and so token NFT art collection efforts will probably get you as far as your dotcom era vanity websites did.

The good news is that the true impact of NFTs will unfold gradually over the next few years, and there’s plenty of time to figure the space out for you and your customers. Your eventual audience is the entirety of your existing and future customers, not today’s early adopter crypto community. So don’t simply measure success by your NFT prices on popular marketplaces like Sorare or OpenSea. Rather, focus your success metrics towards those that better illuminate a future for your business in which NFTs both anchor all real-world products and experiences while also extending them into the digital world of your choosing.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

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

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Falcon Business Research announces blockchain conference and awards for July 4–5 in Singapore

Falcon Business Research announces blockchain conference and awards for July 4–5 in Singapore

April 13, Singapore — The Blockchain in Singapore conference and awards is the leading crypto and blockchain conference in the APAC since 2018. After a long hiatus, the world’s communities are now coming back together, and there is nothing quite like interacting with a live speaker at a physical conference. Falcon Business Research’s in-person Blockchain Conference will take place in Singapore on July 4 and 5, 2022.

The focus of the conference will be on blockchain, crypto, NFTs, DeFi, the Metaverse, Web3 ecosystems and their wide-reaching effect on commerce, culture and communities. The conference features keynotes, panel discussions, case studies, tech-talks, crypto fireside chats, start-up speed pitches, competitions and awards.

Confirmed speakers

  • Tim Draper, founder of Draper Associates
  • Jimmy Nguyen, founding president of BSV Blockchain
  • Tobias Bauer, principal at Blockchain Founders Fund
  • Anndy Lian, chairman Asia at BigOne Exchange
  • Oriol Caudevilla, co-leader of the financial inclusion and CBDC working groups at Global Impact Fintech Forum
  • Kevin Pang, board secretary at Blockchain Association of Singapore
  • Wai Yee Choo, director of the network trade platform office at Singapore Customs
  • Feroze Medora, director of trading and interim managing director of Gemini APAC

Event snapshots

  • More than 30 Speakers and panelists
  • Four keynotes
  • Five panel discussions
  • More than 1,500 online attendees over two days
  • Over 500 in-person attendees

Participants

  • Government and regulatory bodies
  • C-Levels and directors
  • Investors and business leaders
  • Tech developers
  • Tech and futuristic influencers
  • DeFi, Metaverse and NFT projects
  • Blockchain and crypto pioneers
  • Tech-based legal firms
  • Tech companies
  • Renowned media agencies

Attendee breakdown

  • Investors: 25%
  • Tech professionals: 20%
  • Corporates: 20%
  • Crypto projects: 10%
  • Media: 20%
  • Others: 5%

Benefits of attending

  • The conference program is designed to offer learning and insight as well as discussion with some of the industry’s key leaders.
  • Building a world-class network around blockchain, decentralized finance, NFTs, the Metaverse, Web3, DLT and protocols with industry leaders.
  • Learning the basics and fundamentals of the decentralized economy, its development and future vision.
  • Being involved and engaged in emerging and futuristic technology.
  • Discovering products and new technology from top tech companies and projects.
  • Learning why retail and other institutions are massively investing in blockchain and the crypto space.
  • Meeting with the most innovative enterprises, start-ups and key investors.

Benefits of partnering up

  • A unique opportunity to meet C-level attendees and investors.
  • Brand recognition.
  • Growing credentials as a thought leader.
  • Showcasing a platform to its relevant target audience.
  • Broadening a project’s exposure in the marketplace and creating a positive impression of it on a global scale.
  • A pitching opportunity for start-ups that unites some of the most agile entrepreneurs and high-impact investors.
  • Identifying prospective supporters and clients for a project or service.
  • Building partnerships and alliances, and understanding innovative, cutting-edge technologies that will define and drive the future of the industry.
  • Providing a project with an unrivalled and market-leading opportunity to position its brand, services and tools within the technical and developer community.
  • The Blockchain in Singapore Conference offers an incomparable platform to connect with industry experts, get business done and position companies for future success.

Easy ways to participate

  • Registering as a delegate to benefit from direct expert insights.
  • Showcasing a brand and the industry thought-leadership of its team in front of the very people that matter to its business by becoming a sponsor.
  • Securing a display booth at the event to showcase the project’s latest tech and services in an exclusive space as an exhibitor.

Original Source: https://cointelegraph.com/press-releases/falcon-business-research-announces-blockchain-conference-and-awards-for-july-45-in-singapore

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

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

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