Blockchain 101: A Quick Brief To A Private Equity and Venture Capital Company

Blockchain 101: A Quick Brief To A Private Equity and Venture Capital Company

Blockchain is a type of DLT where transactions are recorded with an immutable cryptographic signature called a hash. The transactions are then grouped in blocks and each new block includes a hash of the previous one, chaining them together, hence why distributed ledgers are often called blockchains.

The consensus of blockchain is that all nodes maintain the same distributed ledger. In traditional software architecture, the consensus is hardly a problem due to the existence of the center server, hence the other nodes only need to be aligned with the server. Most blockchain projects use one of the three currently most common consensus algorithms: Proof of Work (PoW) and Proof of Stake (PoS).

Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies. As of February 2021, there are 82 cryptocurrency wallets available (Cryptowisser, 2021). They come in various forms and support different cryptocurrencies. The more popular wallets include Coinbase, Metamask, Token Pocket and more.

There are many popular coins/ tokens too. For example Bitcoin, Ethereum, BNB, XRP, Tether, Cardano, Polkadot, Stellar, USD Coin. Many of them have their own unique selling points and utility. A utility token is a crypto token that serves some use case within a specific ecosystem. These tokens allow users to perform some action on a certain network. A utility token is unique to its ecosystem.

The more talked about buzzwords in this industry is Web 3.0, Gamefi, Defi, Metaverse, Memecoin, Play to earn etc. If you don’t know, ETH is the second-largest cryptocurrency by market capitalization and is the preferred choice for DeFi projects. Blockchain game Axie İnfinity was the breakthrough of the year and got ahead of the most popular blockchain platform Ethereum in terms of revenue. SAND and MANA continue to be the taking the leader in the Metaverse market. As for Memecoin, Doge and Shiba are the leaders, while rising stars such as Babydogecoin, Kishu Inu, Dogelon, Xrdoge, Catecoin are still working hard to retain its current positions.

Bitcoin’s USP is either being a store of value, a medium of exchange or it can be dismissed as a fad. Maybe its true value is not just measurable in economic terms. Ethereum generates its value from how useful it is to its users. While BNB is strong and rising fast due to its willingness to incubate groom start-ups to grow and benefit together with them within the Binance ecosystem.

Blockchain has without a doubt created a lot of discussion as the next big thing, especially in the finance sector. It could be used to securely and efficiently transfer user data across platforms and systems. Blockchain-centric business models will present a seismic shift to how business is conducted in the future. Let’s explore and exchange more information on crypto. Sharing through sessions like this helps the general public understand more.

This Blockchain 101 briefing is conducted by Anndy Lian and hosted by Pavilion Capital. This is a session to share basic blockchain technology information. Not used for promotional activities. Non-financial advice.

 

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

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

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

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Anndy Lian tells Yahoo Finance “It is good to see another mainstream listed company [GAMESTOP] heading into the crypto space”

Anndy Lian tells Yahoo Finance “It is good to see another mainstream listed company [GAMESTOP] heading into the crypto space”

GameStop NFT Marketplace Rumors Swirl — What It Means for the Future of the Meme Stock

GameStop is going meta. The company, which reached a somewhat cult status among the Reddit army with its meme stock, has posted a slew of NFT-platform and Web3 gaming jobs on its career page this week, and rumors are flying as to what and when the company will launch.

The company also has a barebone website dedicated to an NFT platform, which says “We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you’ve built to: [email protected]

“Just like we saw with Amazon hiring for crypto and blockchain specialists earlier this year, we’re seeing more and more companies looking to integrate crypto and blockchain into their roadmaps,” Stephen Stonberg, CEO of Bittrex Global, told GOBankingRates. “The future includes crypto as well as its underlying technology blockchain — which has proven to be a catalyst of innovation in so many sectors outside of its well-known home base. Blockchain is really the key to a metaverse-esque future for gaming, retail, the medical sector, and other industries. It’s exciting to see frontrunners in each market category push for the integration of blockchain within their respective sector.”

The job postings include three director of marketing- NFT platform positions; three senior software engineers- NFT platform positions; and two product owner- Head of Web3 gaming positions.

Tobias Batton, Founder and CEO at Ex Populus, an entertainment brand and publishing platform built entirely on Ethereum, told GOBankingRates that “GameStop holds a very special place in the heart of the game and investment community and it’s encouraging to see the company leverage its resources to create an innovative new platform that drives the industry forward.”

Batton added that it is inevitable that smart contracts will become ubiquitous and commonplace in the commerce of games and even within the games themselves. NFTs in video games are the likely species of blockchain technology to lead the way in the mass adoption of crypto and its various appendages.

“We are cheering for GameStop and are eager to meet them in the arena as a competitor,” Batton said.

Anndy Lian, Chairman, BigONE Exchange and founding member of NFT studio and marketplace INFLUXO, echoes the sentiment, telling GOBankingRates that “it is good to see another mainstream listed company heading into the crypto space.”

“Many of my friends think that this is a bullish sign for investors. I also see Redditors are claiming that they will buy more GME Shares when the marketplace happens. There will be an overflow to the crypto markets, too. From our exchange’s perspective, we have received more inquiries about listing of NFT Marketplaces in the last 24 hours, Lian added. “With the added publicity, I believe more companies will ride on the waves and take this as a chance. This would also mean that we will see more blockchain and crypto adoption through storefront locations, for example. Web 3.0 marketplace will be greater when more people are talking and using it.”

GameStop started getting in the news last January, when retail traders on the subreddit group WallStreetBets, who were intent on taking down hedge-fund short sellers by buying shares of stocks that didn’t seem to have much of a chance of success, sent stocks, including GameStop, soaring (and then crashing). This led to a slew of events, including a record 400% weekly gain for the week ending Jan. 29, which triggered intense regulatory scrutiny. Last week, the Securities and Exchange Commission (SEC) released its much-anticipated report on the GameStop frenzy, “the most famous meme stock, which raised questions about market structure and investor protections at the beginning of the year.”

 

Original Source: https://finance.yahoo.com/news/gamestop-nft-marketplace-rumors-swirl-201145555.html

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

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

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

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Local company Linfinity offers supply chains a solution to combat fraud

Local company Linfinity offers supply chains a solution to combat fraud

Supply chains besieged by counterfeit goods may soon find an answer in blockchain.

Finding out your swish designer bag is a fake might lead to outrage. But manufacturing scams can have far more drastic consequences — both for brands and consumers

Economically, around 2.5 per cent of global imports — about US$0.5 trillion (S$0.7 trillion) a year — are counterfeit, reports the Organisation for Economic Co-operation and Development.

The human cost is higher. In 2008, an estimated 300,000 babies in China fell ill after consuming milk powder tainted with melamine. It led to the deaths of six of them from kidney disease.

A GLOBAL PROBLEM

As global markets open up, supply chains have become more complex.

Before reaching consumers, all types of food and products now go through more suppliers, manufacturing plants, ports-of-call, storage facilities and retailers, adding logistical complexity to their production.

Despite technological advances and digitalisation worldwide, pockets of analogue interfaces still exist. Where they occur along a supply chain, companies can lose track of inventory, making them vulnerable to fraud.

In the era of Industry 4.0, how can new technologies help snuff out risky inefficiencies?

BLOCKCHAIN TO THE RESCUE

One Singapore-based company aims to build an ecosystem for anti-counterfeiting that is sustainable, trusted and traceable.

Linfinity, positioned as the world’s first distributed supply chain platform that harnesses blockchain, IoT (Internet of Things) and Big Data technologies, seeks not only to improve efficiencies from end to end, but enable reliable collection of data.

Mr Anndy Lian, chief executive officer of Linfinity Singapore, notes that rising demand for transparency in the entire production process, from procurement to logistics, has made the application of blockchain critical.

With more accurate data, businesses can make better decisions to reduce waste.

IMPROVE EFFICIENCY AND STAMP OUT FRAUD.

WAGER ON A DECENTRALISED LEDGER

At the core of Linfinity’s solution offering is the blockchain, a decentralised, distributed ledger that lives in the cloud and records contracts, transactions and events in an encrypted form.

While the most oft-cited use of blockchain technology currently is Bitcoin, blockchain has the potential for much wider application across industries.

Blockchain has been touted as a “transformational” or “foundational” technology — a game changer akin to how the Internet revolutionised information, the economy and society in the late 1990s.

Specifically, the use of blockchain technology in the supply chain industry offers these advantages:

· Enhanced transparency: A product’s journey can be documented from origin to destination, increasing trust among players in the ecosystem.

· Scalability: Any number of users can participate in the supply chain and transfer information to one another.

· Better security: A ledger, such as the blockchain, would self-regulate the system, improving on previous internal audit inefficiencies.

· Engaged stakeholders: Using an incentive model (e.g. tokens, cryptocurrency and a system of smart contracts that automates payments), it allows automation of payments and quick transactions, actively benefiting all parties involved.

· Increased innovation: Once a blockchain system is in place, smart contracts can be used to increase efficiency, integrating with the rest of the system.

PROTOTYPING THE FUTURE

As companies push ahead in a fast-changing environment, an agile, test-and-learn approach is key. Early this year, Linfinity commenced its Linfinity blockchain project, published a White Paper and started testing its service platform.

The firm also established Linfinity Talks, a global roadshow platform that demonstrates blockchain projects, and sought out strategic collaborations with various companies.

It has signed Memorandums of Understanding with companies in Singapore, the United Kingdom and Taiwan, with more lined up. These partnerships span different industries from finance and legal to logistics and fast-moving consumer goods. They will see Linfinity’s implementation of blockchain technology improving efficiency and transparency of supply chains.

This month, the company launched its own digital currency, Linfinity tokens (LFT) on Chinese-based exchange CoinEx.

Says Mr Lian: “We are serious about asserting ourselves as a player within the blockchain industry. With our launch on the market, we hope to be able to foster and encourage inter-platform trading with Linfinity tokens.”

TOWARDS INFINITE POSSIBILITIES

As hype about blockchain grows, so have the number of questions about its usage, limitations and potential applications. Even so, it is likely that the technology will take years — even decades — to mature, and its deepest implications may not be immediate.

The adoption of new technologies takes time, and needs the buy-in of policy makers, industries, corporations and end users.

Mr Lian notes that while blockchain remains a relatively new approach to supply chain management, companies need to anticipate government challenges and regulations ahead.

Nonetheless, blockchain’s decentralised nature makes it difficult for governments to intervene. They cannot totally ban access to blockchain, as they did with Facebook in China.

Mr Lian adds that even as Singapore’s government fine-tunes its registration processes and taxation, companies can rest assured that Singapore would embrace technological advancement, rather than preven t it.

After all, a future with greater transparency, efficiency and authenticity is a future worth building.

 

https://www.straitstimes.com/business/local-company-linfinity-offers-supply-chains-a-solution-to-combat-fraud

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

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

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

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