Introduction
At the Brand Launchpad Event held on 29th May 2023 at Ho Chi Minh, Vietnam, Anndy Lian, advisor of Bybit, discussed the growth of the Web3 industry and its relationship with AI. Lian highlighted how Web3 empowers creators and communities in making informed business choices. He emphasized the convergence of Web3, blockchain, and AI, addressing concerns and emphasizing the benefits of understanding and leveraging AI’s capabilities. Lian also mentioned the advantages of using AI in crypto trading practices.
The Empowering Potential of Web3
Lian emphasized that what we should all focus on is that ” Web3 is for the creators.”. He explains how Web3 “ushers in a fresh type of economy that empowers users and communities to make more informed and advantageous business choices.”
The convergence of Web3, blockchain, and AI, according to Lian, is transforming multiple industries and driving innovation across the board. He further discussed the relationship between these technologies, highlighting their potential to collaborate and create innovative solutions. Blockchain, as Lian explained, plays a crucial role as the verification and security layer. By establishing a decentralized and tamper-proof system, blockchain ensures data integrity and transparency, instilling trust among participants and the AI layer.
AI’s Impact and Potential
Addressing concerns about AI’s impact, Lian reassured the audience that there’s no need for undue worry. Instead, he encouraged understanding and taking control of AI’s capabilities. Lian emphasized that AI can yield positive outcomes if properly harnessed and leveraged. Understanding AI and its potential empowers individuals to make the most of this transformative technology.
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By harnessing data analysis and pattern recognition, AI-powered crypto trading systems can generate improved results. These systems process vast amounts of historical and real-time data from diverse sources, including price charts, market indicators, news articles, and social media sentiment. Through this analysis, AI algorithms can identify patterns and trends that may elude human traders, facilitating more informed decision-making. Anndy concluded his take on the advantages of utilizing AI in trading practices by linking it all back to how AI can ultimately aid crypto exchanges.
In conclusion, the panel discussion at the 29th 2023 Brand Launchpad Event brought attention to the immense potential of Web3, blockchain, and AI. These technologies hold the promise of unlocking unprecedented opportunities for creators, businesses, and individuals in a decentralized and data-driven world. As they continue to advance and intersect, understanding and embracing these transformative technologies will be crucial in navigating the ever-evolving landscape of the digital economy. By staying informed and proactive, we can fully harness their power and pave the way for a prosperous future.
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”.