Tag Archives: power

Unleashing the Power of Web4: An Intelligent and Decentralized Web Ecosystem

Unleashing the Power of Web4: An Intelligent and Decentralized Web Ecosystem

Dirk Kreuter is Europe’s most successful sales trainer. He shares his expert knowledge, which has been proven a thousand times over, in specialist books, online courses and seminars, which has been proven to work. Dirk has invited Anndy Lian to give a keynote speech to his guests on what is Web4 and how a decentralised web can transform the way we operate.

 

The internet has transformed the way we live, work, and connect with each other. From the early days of the World Wide Web to the rise of social media and e-commerce, the internet has become an integral part of our daily lives. However, it is clear that the current internet infrastructure has its limitations, including issues related to centralization, data privacy, and lack of intelligence. Enter Web4, a new vision for an intelligent and decentralized web that addresses these challenges and unlocks a world of new possibilities.

 

Understanding Web4:

Web4 represents a paradigm shift in how we envision and interact with the internet. It builds upon the principles of Web3 (decentralization) and integrates advanced technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) to create a more intelligent and decentralized web ecosystem. Web4 aims to empower individuals, enhance privacy, and foster innovation while leveraging the potential of AI to provide personalized and context-aware experiences.

 

Key Features of Web4:

Decentralization: Web4 embraces the core tenets of Web3, ensuring that power and control are distributed across a network of interconnected nodes. By moving away from centralized entities and adopting decentralized architectures such as blockchain, Web4 reduces the risk of single points of failure, censorship, and data breaches. This decentralized approach fosters trust, transparency, and resilience in the web infrastructure.

Artificial Intelligence: AI is at the heart of Web4, enabling intelligent automation, data analysis, and decision-making. Through machine learning, natural language processing, and computer vision, Web4 systems can understand and interpret user data, preferences, and behavior. This allows for personalized recommendations, intelligent assistants, and context-aware applications that adapt to individual needs and provide a more intuitive and efficient user experience.

Enhanced Privacy and Security: Web4 prioritizes user privacy and data security. It leverages cryptographic techniques and decentralized identity systems to empower individuals with greater control over their personal information. With Web4, users can choose how their data is shared and accessed, reducing the risks associated with centralized data storage and surveillance. This focus on privacy strengthens user trust and encourages widespread adoption.

Interoperability and Open Standards: Web4 promotes interoperability and open standards, allowing different applications and platforms to seamlessly communicate and share data. By embracing common protocols and APIs, Web4 enables the creation of a vibrant ecosystem where innovative solutions can easily integrate and collaborate. This fosters competition, diversity, and rapid technological advancements, benefitting users and driving innovation forward.

Democratization of Innovation: Web4 empowers individuals and small businesses by reducing barriers to entry and enabling participation in the digital economy. Through decentralized platforms and smart contracts, Web4 enables peer-to-peer transactions, crowdfunding, and new funding models such as initial coin offerings (ICOs) and decentralized finance (DeFi). This democratization of innovation ensures that the benefits of the web are accessible to all, irrespective of geographical location or financial resources.

 

Potential Applications:

Web4’s intelligent, decentralized nature opens up a wide range of potential applications across various sectors:

Governance and Democracy: Web4 can facilitate transparent and decentralized governance models, enabling citizen participation, voting systems, and smart contracts that automate governance processes. This can lead to more accountable and inclusive decision-making at local, national, and global levels.

Supply Chain and Logistics: Web4 can revolutionize supply chain management by providing real-time tracking, transparency, and traceability. By leveraging blockchain and IoT technologies, Web4 enables secure and efficient supply chain operations, reducing fraud, improving product authenticity, and optimizing logistics processes.

Healthcare and Telemedicine: Web4 can transform healthcare by enabling secure and interoperable health records, personalized medicine, and telemedicine services. AI-powered diagnostics, remote monitoring, and decentralized data sharing can improve patient outcomes, facilitate research, and enhance collaboration among healthcare providers.

Smart Cities and Sustainability: Web4 can contribute to the development of smart cities that optimize resource usage, enhance energy efficiency, and improve urban planning. Through intelligent sensor networks and data analytics, Web4 can enable real-time monitoring, predictive maintenance, and sustainable infrastructure management.

 

Conclusion:

Web4 represents a bold vision for the future of the internet, one that embraces decentralization, artificial intelligence, and user empowerment. By combining these elements, Web4 has the potential to revolutionize various industries, enhance privacy and security, and democratize access to innovation. However, realizing the full potential of Web4 requires collaboration, standardization, and ethical considerations to ensure that the benefits are accessible to all while safeguarding user rights and societal values. As we embark on this new era of the web, let us envision and build a future that empowers individuals, fosters innovation, and creates a more inclusive and intelligent digital world.

 

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”.

www.anndy.com
j j j

Singapore scales digital currency regulations as MAS gets additional power

Singapore scales digital currency regulations as MAS gets additional power

Singapore is stepping up its efforts to regulate the domestic digital currency industry, this time targeting firms that are based in the country but offering their services outside the city-state.

Last week, lawmakers in Singapore approved the Financial Services and Markets Bill 2022, which further expanded the jurisdiction of the Monetary Authority of Singapore (MAS), the country’s de facto central bank and digital currency regulator. The law covers virtual asset service providers (VASPs) who in digital currencies, exchanges, and firms that offer financial advice on the sale of such currencies and tokens.

Under the previous regulatory regime, the MAS only had authority over VASPs, which were based in the country and offered their services locally. This led to some regulatory loopholes in which a firm could claim to be regulated by the MAS, which is a reputable watchdog globally, but not be directly supervised by the regulator.

Alvin Tan, a board member of the MAS who spoke on behalf of Senior Minister Tharman Shanmugaratnam, said that the regulator was worried about the reputational risk that the loophole presented.

“Digital token service providers could easily structure their businesses to evade regulation in any one jurisdiction, as they operate mainly online. We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets such as Bitcoin outside Singapore,” Tan said.

The new law was well received by some who believe that it will make the industry more reputable and further increase protections for investors. Legitimate firms operating within the confines of the law have nothing to fear, the law’s supporters say.

One of them is Anndy Lian, the chairman of Dutch exchange BigONE, who deems the new regulations reasonable.

“If you walk the ground hard enough, you will see many bad actors and dubious crypto companies using Singapore as a base of their operations. We need to properly regulate things so that the bad actors won’t affect this industry’s image,” Lian said, speaking to Nikkei Asia.

There are others who don’t support the new law, which they claim is just another burden being piled on by regulators on a nascent industry that could prove fatal to its growth.

“Sad, disappointed—we went 10 steps backwards. So MAS is making the assumption that the license is like gold—that everyone will want to get it?” One member of a digital currency group in the city-state stated.

There are also concerns related to the MAS’ processing of licensing applications. As CoinGeek reported in December, the MAS received about 180 applications for licenses by VASPs. Of these, 103 were either rejected or the applicants had withdrawn them after realizing they had not met the standards. At the time, only three firms had been granted operating licenses, with 70 applications being in consideration.

This long queue of applications was just with local firms that target the Singaporean market. VASPS will take longer to get licensed in the city-state with the new law. This will require some firms to move out of Singapore or dig deeper into their pockets to get through the scrutiny.

“For companies that are unable to fulfill the AML/CFT requirement, they will need to move out to other countries. But with more governments regulating cryptocurrency in different jurisdictions, these companies will soon find it hard to operate,” Desmond Yong, the chief strategy officer at Digital Treasures Center, commented.

This new MAS crackdown piles onto others, such as a ban on digital currency ads in public places, which kicked off in January, and the shutdown of digital currency ATMs.

 

Original Source: https://coingeek.com/singapore-scales-digital-currency-regulations-as-mas-gets-additional-power/

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”.

www.anndy.com
j j j

Anndy Lian Witnessed Heritage DAO Securing National Treasure “Power of Decentralisation”

Anndy Lian Witnessed Heritage DAO Securing National Treasure “Power of Decentralisation”

HeritageDAO is a decentralized autonomous organization for our cultural heritage. Powered by web3 technologies, we revolutionize the way we collect, protect, share and enjoy cultural heritage.

It all started with this unfortunate story – Due to Covid-19, the very first private art museum in Korea was forced to put two National Treasures out for an auction out of devastation. This is the very first time in the history of Korea to see such treasures out for a transaction. We heard about this incident 4 days before the auction day and decided to address this in a Web 3.0 way. So, HeritageDAO was initiated just 4 Days before the Auction, ended up raising 900+ ETH and securing a National Treasure in 8 days while raising awareness about this incident across millions of people worldwide.

Basically, National Treasure #73 that we secured is a portable temple that people used to carry around 1,000 years ago. Back then, Buddhism was the main religion of Korea – and people carried this to practice their religion anywhere. With growing members, the need for a place that our members can call home grows bigger. Therefore, we wanted to secure this portable temple to symbolize a place our HSS members can call home. This temple will be featured on Sandbox too.

“I was in South Korea and when I heard Heritage DAO’s calling. I have decided to help and also joined the DAO’s governing council. All of us want to help and using the power of decentralisation, we have managed to secure the National Treasure and kept it in the gallery. On top of that, in good gesture, we have sent 51% of the ownership back to the original owners. This is our way to preserve the National Treasure in good hands. This is also a way to showcase how crypto is used to do help in times of need.” Anndy Lian, thought leader and Chairman of BigONE explained.

The DAO seeks to reach out and connect with the nonmaterial individuals, advocates, philanthropists, and innovators that hone the cultural values of the heritages. To do that, HDAO is introducing the High Sloth Society – The First NFT project by HDAO; a prestigious and secretive society of 10,000 elite sloths that pursue greater goods with missions to preserve and hone the essence of human heritage.

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”.

www.anndy.com
j j j