International Experts Talks about the Future of Blockchain at World Blockchain Summit Busan 2020

International Experts Talks about the Future of Blockchain at World Blockchain Summit Busan 2020

The World Blockchain Summit Busan 2020 brought international technology experts to Busan, South Korea, to discuss the future of blockchain. Anndy Lian, inter-governmental Blockchain Advisor and author of Blockchain Revolution 2020 and Andrew Faridani, President & CEO Breeze Max Web and Forbes Business Development Council were at a panel titled “The Future cannot be regulated”.

“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 commented.

Andrew 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.”

Park Bong-Kyu, chairman of World Blockchain Summit Busan said, “Two years ago, blockchain was an unfamiliar field, but I thought it will be a new wave that would make a big difference in our everyday life. I learned about blockchain and expanded the community with all my passion. I will continue to educate everyone with blockchain knowledge.”

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.

The World Blockchain Summit Busan 2020 was held in Busan 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.

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

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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Affiliate Marketing in the Age of Blockchain: Experts Share their Views in Philippines

Affiliate Marketing in the Age of Blockchain: Experts Share their Views in Philippines

Blockchain Experts from China, Philippines and Singapore were lined up at Affiliate Conference & Expo (ACE) to share how the new technology can help affiliate marketing. Affiliate marketing meets blockchain at the first ever Affiliate Conference & Expo in Manila from 21 to 22 November 2019 at the Solaire Resort & Casino.

Trust and transparency are the some of the key missing components in affiliate marketing and coincidentally these problems can be addressed with the adoption of blockchain technology.

Anndy Lian from Singapore, book Author of Blockchain Revolution 2030 and an inter-governmental blockchain advisor gave an individual presentation on what are the vital elements needed for an affiliate marketing scheme to work well in today’s society and how blockchain helps to close up the gap. During the presentation, he described his preferred scenarios for blockchain usage for affiliate marketing. He used an incentive token model for advertising that he trialed with BreezeMaxWeb to illustrate how tokens can draw users to click and get profit by verifying the advertisements on the chain. Then using a gamification model by Gaimin to create stickiness. Last but not least using pr companies like Blockcast.cc to push out verified news within an incentivized network to encourage users to participate in the online and offline activities and promotions within the community.

“The above that I have described is something that we have trialed. The current affiliate marketing programs have a bad name and it will remain that way if we don’t bother to change it. They advertise unethically, many small disclaimers and at times the brand owners of the products are no where to be found. By introducing blockchain to their existing model, it gives users more control over the information they are exposed to, the rewards they worked hard for will also be transparent and this gives ease to the users.” Shared Anndy.

A panel comprised of Jenny Zheng- Cofounder of Blockcast.cc, Jake Villanueva- Investment Manager of Y Investments Philippines Inc, Myrtle Anne- Founder of Blockchain Tides and Anndy Lian were assembled. The panel gave candid views during the panel discussion and that started a series of questions & answers from audiences as they want to find out more.

Jake commented that there are a lot of catching up within the Philippines community on blockchain and crypto currencies. “The communities who believe in blockchain have increased a lot. I can feel the excitement and the enthusiasm. But bear in mind, we are not totally ready yet to embrace this technology. There are needs to invest into infrastructures and educated the general public what is blockchain.”

“I agree with Jake totally. Education is very important and that is why we started Blockcast.cc. This is a platform where we share. Bitcoin, speculations and blockchain technologies have to be carefully distinguished. Coming back to the point on the market not being ready, I think the Philippines market has a great advantage over the rest of ASEAN. Just like China, we skipped the era of credit cards and jumped into a new digital economy with the Alipay and WeChatPay. I strongly believe that blockchain payment can do well in this lovely country!” Jenny added.

Myrtle who is the moderator for the panel, concurred with Jenny’s observations too. “Philippines community for blockchain will grow very strong. I have seen cafes that are trying to use bitcoin as a mode of payment. This is a good move and I think they are ahead of the curve. I have also consulted a project in Philippines who is cleverly using the blockchain technology for their health business. Again, this is very heart warming and my efforts to push this technology forward are gaining adoption.”

“As you know, I do give advice to governments and businesses on blockchain. Philippines government will step up to regulate this industry and we will see more updates in 2020. You will see more trading and securities tokens (STO) regulations soon. This will give users, investors and companies more confidence. It will draw in many new adoption into this industry and I am sure Philippines will stand out from this region when the regulations are in place.” Anndy explained further.

ACE 2019 is the go-to Affiliate Marketing event in Asia for the world’s top Affiliates, Digital Marketers, Merchants and eCommerce entrepreneurs gathered under one roof. Participants network with the top successful Super Affiliates, most prominent regional & global field experts & speakers, world’s top global networks, along with top industry investors & advertisers such as Veronica Andrino, CEO/Founder, Adsolve Co; AlnaverBaltazar, CEO/Founder, SevenGrace Marketing; Melissa Francisco, Head of Sales & Business Development SEA, Optimise Media; Carlito Antonio Jao, Social Management Director, McCann Worldgroup Philippines; Prashant Kala, Country Head, ShopBack Philippines; Chris Mangeura, CMO/Head of Marketing and App Product, Mynt (Globe Fintech Innovations, Inc); Rizal Prasetya, Regional Associate Manager, Affiliates at ZALORA Group; Sean Si, CEO/Founder, SEO Hacker; Janette Toral, Founder, Digital Filipino; AnuragVerma, Head of Sales and Partnerships, Zomato Philippines; Tristan de Belloy, Founder & CEO, Quanta Digital; Ces Dimalanta, Founder/Blogger, Manila Millennial; Carlos Castaño,Head of Sales & Business for Stratuscast Philippines, Inc.; DM Varun,Co-Founder and CEO, STORM Learning; Abigail Victorino, Founder and CEO of StyleGenie; Kurt Ebarita,Social Media Manager, Bonsey Jaden Philippine; Elie Odigie, Digital Marketing and eCommerce Senior Manager, AXA Philippines; Sebastien Caudron, Content President AP, GroupM; Stanley Willer, CEO, HoGaming; Weng Rivera, Country Manager (Philippines), Booking.com; Roy Redd, Motivational Speaker, The Redd Group; Francis Simisim, CEO, Social Light Inc.; Bhavesh Parthi, Head of Affiliates, Oppa888; Munmun Nath, Head of Marketing, Moneymax Philippines.

While affiliate marketing is the key theme of the expo, for the organizers to recognize the importance of blockchain is a good start. The panel of blockchain practitioners will continue to share their knowledge regionally. For more information on blockchain related news and information, go to www.blockcast.cc. Blockcast.cc welcomes contributors from all over the world to be part of the community.

 

About Blockcast.cc

Blockcast.cc is a broadcasting news source for the blockchain community. Founded in Singapore and has a network of contributors in China, Hong Kong, Korea and Malaysia. Aim to bring you the latest blockchain insights across the globe.

 

 

Media Contacts

Company: Blockcast.cc
Contact Person: Melody Chan
Title: Editor
Contact Number: +65 9883 2707
Contact Email: [email protected]
Website: www.blockcast.cc
Location: South Korea

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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GBHB Top 50 international blockchain leader

GBHB Top 50 international blockchain leader

Thank you so much for the recognition GBHB. It is my honor to be listed alongside with experts like Du Jun and Sailor. We will continue to create more real use cases for the blockchain industry.

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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Experts: “Ethereum killer” needs to work on its governance issues or risk losing users

Experts: “Ethereum killer” needs to work on its governance issues or risk losing users

Just days after the EOS blockchain activated its mainnet on June 14, it froze seven accounts that it suspected belonged to thieves who had stolen funds from users.

Even before the dust began to settle on that news, the people maintaining the blockchain – called block producers – suspended 27 more accounts on June 22, saying in a statement that the “logic and reasoning for this order will be posted at a later date.” Hong Kong-based EOS is a fierce competitor of Ethereum, prompting some to call it an “Ethereum killer.”

Its move to put accounts on hold, without issuing a complete explanation, has led to an outcry from the cryptocurrency community.

Some pointed out how it goes against blockchain’s decentralized nature. But a few optimists have called the move “pragmatic” and supposedly a small sacrifice to make the blockchain secure.

The suspensions have led to a heavy sell-off of the EOS cryptocurrency, leaving investors who participated in its initial coin offering (ICO) – before the product went live – on the losing end.

                     EOS price volatility over the past 7 days / Image credit: Coinmarketcap

Now that its governance methods are facing increased scrutiny, some are wondering if the EOS blockchain can deliver what it promises.

The EOS blockchain is a smart contract platform advertised as a system for decentralized applications (dApps). The tech behind it is said to be a game-changer for the blockchain industry. It aims to create a more scalable network, offering a throughput of up to 6,000 transactions per second, as opposed to the six transactions per second seen on the Ethereum platform.

The EOS protocol was developed by Block.one in 2017. Its record-breaking ICO raised almost US$4 billion, and the EOS cryptocurrency has rapidly grown to become the fifth-largest crypto by market cap.

A constitutional mess

The EOS blockchain’s problems stem from the uncertainty surrounding the chain of command of its “stakeholders.” As such, the lack of a proper governance process has created a constitutional mess.

There are different groups that serve as decision-makers on the EOS blockchain. While 21 chosen block producers keep the platform running, a governing body called EOS Core Arbitration Forum (ECAF) is tasked with resolving disputes.

The problem arose when block producers froze the first seven accounts in a unanimous decision, without getting the go-ahead from ECAF first.

Days later, the reverse happened. ECAF prohibited block producers from processing transactions of the 27 additional accounts, but didn’t immediately clarify the rationale behind the order.

Calling ECAF a mistake, Block.one wants to drop the existing rules and replace them with a new governance framework, with CTO Dan Larimer proposing a version 2.0 of the EOS constitution.

Photo credit: solerf / 123RF

But the team has to act fast before the token’s reputation within the crypto community suffers further damage.

Unexplained decisions could lead to failure

Such a framework will only work if everyone agrees on the rules, says Paul Griffin, director of Singapore Management University’s Masters of IT in Business program.

These rules must then be published and shared with those in the network. And if any changes are made, they must gain everyone’s approval before being implemented. “If there is too much unexplained ruling or censuring, people will stop buying into the EOS cryptocurrency – probably rather quickly,” he warns.

Bobby Ong, co-founder of cryptocurrency data website CoinGecko, says the EOS blockchain needs to resolve its problems quickly and create a process as transparent as possible, or risk losing users.

Freezing accounts without proper authorization is “worrisome,” as Griffin puts it, because “people buying into the cryptocurrency would want to know under what circumstances accounts may be blocked.” He likens this scenario to PayPal suspending accounts while it investigates any suspicious activity, which can be frustrating to users.

Photo credit: logicbomb / 123RF

While a blockchain can be run in a centralized manner, Griffin contends that it makes “no sense as everyone would still have to trust the central authority. They might as well use other technology instead of blockchain.”

He continues, “For people to use the blockchain, there must be trust – which means the governance of the blockchain must be clear and robust. Time will tell if trust is being misplaced or not. And of course, if trust is lost, then the value of cryptocurrency will be lost as well.”

But Ong notes that by agreeing to participate in the EOS blockchain, participants have already implicitly accepted its rules.

“If you are not in agreement with it, you are free to use another blockchain and token. The EOS blockchain by itself is a political system where its ideals are ingrained in its constitution… It is very political in nature [and] there will be more of such situations happening in the future.”

EOS still holds potential

Given the potential of the EOS blockchain, some supporters aren’t willing to give up on it. They see the weeks following the launch as a testing phase.

Anndy Lian, CEO of Singapore-based distributed platform company Linfinity, believes that at the end of the day, the EOS blockchain made the account suspension decisions with its users’ welfare in mind.

“EOS froze those ‘criminal accounts’ to secure and protect people’s property… I believe EOS is doing the right thing.”

Ong observes that having an arbitration process in place ensures that actions will be taken on any suspicious activity. “This means that thieves will not be able to get away with multi-million or billion-dollar hacks to the system.“

“EOS aims to solve scalability at the expense of decentralization. There will be a subset of apps that I believe will grow with the need for less decentralization. All it takes is one dApp on the EOS blockchain to be viral, and opinions will change very quickly,” he concludes.

https://www.techinasia.com/eos-at-risk

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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