Panel Discussion on DAOs- Can DAO be the mainstream?

Panel Discussion on DAOs- Can DAO be the mainstream?

A decentralized autonomous organization (DAO) is a system developed to distribute decision-making, management, and entity ownership. It is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations collectively owned and managed by their members.

Ideally, DAOs are being used for many purposes such as investment, charity, fundraising, borrowing, or buying NFTs, all without intermediaries. The panel discussion will share their point of view on DAOs.

1. 각자 DAO는 무엇인지 정의해 달라.
What is DAO. Each of you defines DAO.

2. 인간은 사회적 동물이다. 그리고 조직을 구성해 왔다. 그리고 그 조직은 언제나 리더가 이끌어왔다. 리더가 없는 조직, DAO 구현 가능할까.
Humans are social animals, and have formed organizations from the past. Any kinds of organizations always have a leader. Is it possible an organization without a leader (a.k.a DAO) in reality?

3. 다오의 의사결정과정은 다른 조직에 비해 상대적으로 비효율적이다. 그러한 비효율성에도 불구하고 다오가 주요한 조직의 형태가 될 수 있을까.
Decision making process of DAO is relatively inefficient than normal organizations. Can DAO be the mainstream forms of organizations, even if that kind of inefficiency?

4. 지금까지 유의미하게 성공한 다오가 있을까. 있다면 무엇이며, 없다면 그 이유는 뭘까.

5. 가장 극단적으로 중앙화된 조직의 형태 중 하나가 국가가 아닐까 한다. 그렇다면 국가와 다오는 공존할 수 있을까.
I think one of the extremely central organization forms is government. If so, can the government and DAOs coexist?

“Human are social animals ….. many DAOs effectively are centralized if you look at how they execute their decision process. Snapshot proposals are bullshit. A few calls and a few meetings outside the decentralized sphere changed the decisions. DAO can be very efficient, especially the single-purpose ones.

Yes, government and organizations can surely coexist vis DAOs. Look at Korea. The association/ lobby groups are a kind of DAO. Decisions are made by the community by votes. They lobby against the government for certain matters. Isn’t this the same as what we see in the crypto native space?” Anndy Lian, Book Author “NFT: From Zero to Hero” commented.

This event is held during the Korea Blockchain Week 2022. This sub-event brought many local Korean experts together.

When a DAO achieves success, it can then increase the value of the tokens. This helps tackle the issues related to generating capital. Anndy also mentioned that DAOs should find self-sustaining revenue and income.

Let’s DAO be a decentralized autonomous organization and not DOA (dead on arrival).

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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KBCC Panel 1: Blockchain Technology, Development, Innovation & Opportunity

KBCC Panel 1: Blockchain Technology, Development, Innovation & Opportunity

Korea Blockchain Conference (KBCC) was held at the Grand InterContinental Seoul Parnas Grand Ballroom on the 15th February 2022.

KBCC was conceptualized and curated to help the growth and development of the blockchain industry. The event helps to let the South Korean audiences know more about the technology and also bringing foreign talents to share their experiences with the local.

The opening session was given by HS88 Chairman Kim Ho-seong. The session ended with a video congratulatory speech by Won Hee-ryong, a member of the People’s Power, and Lee Sang-ki, the Korean representative of the World Blockchain Organization (WBO).

Hoon-ki Park, Secretary General of the Busan Blockchain Industry Association, and Hyung-joong Kim, a special professor at the Graduate School of Information Security at Korea University have also shared their insights.

There are numerous foreign blockchain experts who participated in the event too. The panel titled Blockchain Technology, Innovation And Opportunity. The panel is led by Jenny Zheng (ByBit, NFT BD Lead), Anndy Lian (Big One Exchange, Chairman), Davy Goh (Passion VC, CEO), and Joe Lu (Origin Storage, Partner) , and Hwang Byung-sun (Big Bang Angels, CEO).

“As an exchange operator and investor, the main driver for blockchain technology is utility. There are better use cases as we progress. The integrated of Web 3.0, gamefi and NFT help to related with more people and allow new blood into the business. Meme coins are also another trend that cannot ignore. Their communities are the real assets in time to come.” Anndy Lian, Chairman of BigONE Exchange said.

Jenny Zheng, the business development lead of by Bybit NFT marketplace also mentioned in the panel that Korea has always been a very powerful country in the field of entertainment & gaming industries and Bybit is looking for more opportunities to work with good Korean projects in those fields. “NFT is surely a trend that you cannot ignore. More and more companies are getting on. Do not be a late adopter.”

“I am in the fund management business and there is a strong demand and interest in blockchain technology investment. We need to quickly fill up the gaps and start to explain what is blockchain to the traditional players. If we can get them to understand what this technology can do, we will see more funds flowing into the industry.” Davy Goh, CEO of Passion Venture Capital explained.

The global blockchain market is currently about 2,000 trillion won and has achieved explosive growth in blockchain-related industries such as exchanges, blockchain companies (Defi, NFT, Metaverse, etc.). However, the domestic blockchain industry is undergoing regulatory enforcements such as special tax laws and taxation before entering the system, and general investors are not protected by policies that do not have clear guidelines. In order to improve this and help all parties to understand this industry, KBCC will continue to hold international conferences in the future with the aim to aid the development of 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 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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“Looking at Blockchain using a different lens”: Anndy Shared at Panel Discussion

“Looking at Blockchain using a different lens”: Anndy Shared at Panel Discussion

Anndy Lian, Book Author of “Blockchain Revolution 2030” wants all to look at blockchain using a different lens and see the future realistically in a panel discussion. Anndy was invited as a special guest to speak at Wdaz Beta Launch on 27 November 2019 at PSB Academy.

https://www.youtube.com/watch?v=b7nI688TWM4

(Video of the panel discussion)

He comes from a background as an all-rounded business strategist with over 15 years experience in Asia. He currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region.

The event started with the fireside chat, Aaron Tan, VP of Wadz moderated the session and Anndy provided valuable insights on the surrounding Blockchain industry and as well as his opinion on the ideal implementation of Blockchain technology into supply chain processes. The Wadz team followed up with the launch and introduction with the topic “Data Ownership, Payments Industry & the Unbanked”. The Wadz team collectively communicated the issues in the payments industry, data ownership and emerging markets during the presentation while showcasing the Wadz application as a solution.

Lastly, a panel discussion was held to discuss the surrounding Blockchain climate and their opinions on upcoming applications in the industry. Led by Co-founder of Blockcast.cc Jenny Zheng, the discussion was very fruitful and informative. A variety of topics were discussed including data ownership, financial inclusion, STOs, token fundraisings and even touched on the more controversial topic of Facebook’s Libra.

Anish Jain CEO of Wadaz mentioned:

“I want to reach out to people who know nothing about cryptocurrencies will be able to use Wadz’s application with zero hassle. This is our ultimate goal!”

Overall, the consensus between the panelists was that the Blockchain space is still in its early stages but it is definitely here to stay and will slowly be incorporated into our everyday life.

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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