Anndy Lian X-rays the Cryptocurrencies Hype

Anndy Lian X-rays the Cryptocurrencies Hype

Anndy Lian spoke about at the event titled “The Cryptocurrencies Paradox: Hype, Reality, Opportunities” on 4 May 2021. This event is organised by the People’s Association and supported by South East Community Development Council at the Geylang Serai Virtual Community Club.

Blockchain technology is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. This technology is often linked to “cryptocurrency”. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins” has been the buzz word. The two terms come into the limelight again in the mainstream media thanks to bitcoin, ethereum and dogecoin lately.

“Blockchain technology is definitely is not hype. Governments and corporates are adopting the technology. Cryptocurrencies on another hand have a speculative angle. There is hype, just like many other exciting assets. Most importantly, when we look at crypto, we should not be looking at the price only, hype is temporary, the real substance behind the coin is when you see the utility of the coin in the real life.” Anndy Lian told the live audiences.

Anndy has also mentioned that the trend right now in the market is NFT and DeFi. Ethereum who is the second biggest cryptocurrency, behind bitcoin should also be carefully watched. The coin is at $3,400 at the time of the live telecast is gaining traction after the announcement of ‘EP 1559’ fee market structure.

“Ethereum is like oil in the crypto space. It has big followings, liquidity and a proven ecosystem. The fees are high now, but it should be lower when changed to POS. The burning mechanism will be a game-changer for the chain. To add on, layer 2 are also working hard to make the chain faster, cheaper and more scalable as we speak. We should not be worried about the fees now. If you are very worried you can switch to Binance Smart Chain, they are a good choice too.”

At the event, Anndy has also addressed the following:
– The current bitcoin and doge trends.
– How do you evaluate and decide to invest in a project/ coin?
– Is crypto a good long term investment?
– What should I do if I got into a scam crypto investment?
– Should I invest in crypto? How do I buy it?

At the end of the event, Anndy cautioned all that investing in crypto is subjected to high risk, including the possible loss of the money you invest. Check www.anndy.com/updates for the full footages for the event.

About Anndy Lian:

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 is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector.

Currently, he is appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business.

Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.

He also 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.

Lian wrote a book titled “Blockchain Revolution 2030” and is published by Kyobo, the largest bookstore chain in South Korea where he shares insights on how blockchain technology plays an important foundation for the Fourth Industrial Revolution.

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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“Understanding Blockchain after the Hype”: We must do the right thing with blockchain- Anndy Lian

“Understanding Blockchain after the Hype”: We must do the right thing with blockchain- Anndy Lian

“Understanding Blockchain after Hype” is an event organised by Wealth Secrets in partnership with www.blockcast.cc, www.blockreview.net and TWOgether. The organisations came together to share insights and clarify myths and tales behind blockchain technology and cryptocurrencies. They will also address trends in the industry.

The panel of experts consist of Jenny Zheng – Co-founder Blockcast.cc; Anndy Lian – Intergovernmental Blockchain Advisor; Davy Goh – Founder Passion Venture Capital and
Dr. ir Johannes (JD) Drooghaag – CEO Spearhead Management. Hosted by Nana Kay and The,Myst from Wealth Secrets Podcast.

The panel has answered the following questions:

1. In your own terms, what is the blockchain?

2. What are the main benefits of using blockchain technology?

3. What are the key challenges in the way of adopting blockchain technology?

4. A) Could you briefly take us through the three main types of blockchain technology (permission-less, public systems; private, permissioned systems; and hybrid systems)?

4. B) What are the use cases for each of these systems?

5. Do you believe that blockchain can only achieve its true potential if cryptocurrency goes mainstream? Or, is it possible for the blockchain to thrive independently of cryptocurrency?

6. With Tesla, Bank of New York Mellon, JP Morgan, Goldman Sachs, Deutsche Bank and a host of other institutional players accepting cryptocurrencies, is the digital currency movement well on its way to going mainstream, or is there a long way still to go?

7. A) What are the global jurisdictions that are taking a lead in the adoption of blockchain technology? Thoughts on countries rejecting Bitcoin and other crypto//blockchain projects?

7. B) What could be Bitcoin’s Achilles heel? Will it be sustainable considering its energy demands?

8. The recent Blockchain Africa conference held by Bitcoin Events delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19. Do you think the continent will be able to reap the benefits of leapfrogging in the area of blockchain, similar to what it did in mobile payments with M-Pesa?

9. Is Blockchain living up the hype? Final Thoughts?

 

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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