Public Market- Where are the biggest institutional opportunities?- Digital Assets: Realised – Hong Kong

Public Market- Where are the biggest institutional opportunities?- Digital Assets: Realised – Hong Kong

Public Markets – Where are the Biggest Institutional Opportunities? ETF, Mutual Funds, Stocks, Bonds

– Moderator: Julien Bahurel, Partner, Deep Blue/Definer Fund
– Anndy Lian, Senior Advisor, Peach Income Fund
– Tony Wong, Managing Director, CSOP Asset Management
– Nicholas Studholme Wilson, Chief Operating Officer – Asia, GFO-X

At the panel discussion, industry experts gathered to explore the transformative potential of tokenization in asset classes and the future of financial markets. The conversation, moderated by Julian, delved into the implications of digitizing assets and the infrastructure required to support this evolution.

Julian opened the panel by highlighting the significance of functional markets, which are valued at approximately 4 trillion dollars. The focus then shifted to the opportunities presented by liquid markets through tokenization or digitization.

Tony discussed the enormous opportunities within the crypto space, particularly in Asia, where a significant portion of crypto trading activity originates. He emphasized the institutional interest in crypto markets, especially following price openings, and the inquiries from traditional managers and private bankers about accessing these new asset classes with appropriate risk levels. He pointed out that mutual funds might be the first asset class to adopt tokenization, revolutionizing the distribution landscape. He envisioned mutual funds being traded on exchanges like any other asset, within regulatory frameworks, making them accessible 24/7.

Anndy concurred with Tony’s views on mutual funds. He described tokenizing them as a “piece of cake” and predicted a substantial uptake, particularly in Hong Kong, which could become a significant player in the Asian market. Anndy also touched upon the role of exchanges like NASDAQ in a blockchain-dominated world, speculating that traditional exchanges might adapt to offer 24/7 services using blockchain technology.

Nicholas shared his perspective on achieving the end goal of a fully tokenized state on multiple chains. He stressed the importance of starting with existing infrastructure to generate revenue before transitioning to more advanced systems. Nicholas also discussed the challenges of latency and privacy considerations, suggesting that permissioned chains might be a necessary starting point before moving to public chains.

The panelists debated the coexistence of traditional liquid markets with tokenized markets, agreeing that while they may initially coexist, the superior efficiency of tokenized systems would eventually lead to a transition.

The conversation also touched on the regulatory implications of tokenization. While the technology offers exciting possibilities, it also presents challenges for regulators who must adapt to a rapidly evolving landscape.

As the discussion concluded, the panelists expressed optimism about the future of tokenized markets. They envisioned a world where traditional and tokenized markets coexist and eventually converge, thanks to improved infrastructure and broader acceptance of blockchain technology.

The panel’s insights suggest that while the journey toward widespread tokenization is still in its early stages, the destination promises a more inclusive and efficient market for all participants. As the technology matures and regulatory frameworks evolve, we may witness a significant shift in how assets are traded and managed globally.

Digital Assets: Realised held in Hong Kong on 7 March 2024. The event brought traditional funding, listing players, and new digital exchange and platform opportunities.

 

Source: https://blockcast.cc/videos/public-market-where-are-the-biggest-institutional-opportunities-digital-assets-realised/

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”.

j j j

Generative AI: A Game-Changer for Public Sector Automation

Generative AI: A Game-Changer for Public Sector Automation

Technology reigns supreme and data is the new gold, the public sector is poised for a transformation like never before. Artificial Intelligence (AI), particularly generative AI, is emerging as a formidable tool capable of supercharging automation in the public sector, ushering in an era of unprecedented efficiency, cost savings, and improved citizen services.

At the recent UiPath AI-Powered Automation Summit, leaders from UiPath, the Singapore Government, and Singapore General Hospital gathered to discuss the potential of generative AI in reshaping public sector agencies. I will explore the possibilities and implications of employing generative AI in the public sector, drawing insights from global experiences.

Generative AI: The Powerhouse Behind Automation

Generative AI, a subset of artificial intelligence, is the technological marvel responsible for creating content, data, or solutions autonomously. It utilizes deep learning algorithms, often in the form of neural networks, to generate human-like outputs from a given input. This technology is the driving force behind innovations like natural language generation, image synthesis, and even autonomous content creation.

Generative ai market

The UiPath AI-Powered Automation Summit highlighted how generative AI can revolutionize the way public sector agencies operate. Let’s dive into some key areas where generative AI can make a substantial impact:

  1. Streamlining Administrative Tasks: Public sector agencies often grapple with mountains of paperwork and repetitive administrative tasks. Generative AI can automate data entry, document processing, and even generate reports, freeing up human resources for more strategic endeavors.
  2. Enhancing Citizen Services: Improved chatbots powered by generative AI can provide citizens with instant, personalized assistance. Whether it’s answering queries about government services or guiding citizens through complex procedures, AI-driven chatbots can be available 24/7.
  3. Data Quality Enhancement: Generative AI can assist in the enhancement of data quality. For instance, in the case of the Philippine Identification System Act, where low-quality photos hamper the process, AI can upscale and enhance image quality, ensuring the integrity of the biometric database.
  4. Cost Reduction: The deployment of generative AI can significantly reduce operational costs. By automating routine tasks and optimizing resource allocation, public sector organizations can allocate resources more efficiently and reduce the burden on taxpayers.
  5. Efficient Cloud Services: In Thailand’s case, where the Government Data Centre and Cloud (GDCC) is grappling with high demand, generative AI can help optimize cloud resource allocation and improve scalability. It can also assist in negotiating benchmark rental fees with private cloud providers, ensuring cost-effective solutions.

Challenges and Considerations

While the potential of generative AI in the public sector is immense, it is essential to address potential challenges and ethical considerations:

  1. Data Privacy and Security: With the increased reliance on AI for citizen services, safeguarding sensitive data is paramount. Robust data encryption, access controls, and stringent privacy policies are essential.
  2. Algorithmic Bias: AI systems can inherit biases from the data they are trained on. Public sector agencies must ensure that AI systems are fair, transparent, and do not discriminate against any group.
  3. Human-AI Collaboration: The integration of AI should complement human efforts, not replace them. Public sector employees must be upskilled to work alongside AI systems effectively.
  4. Ethical Decision-Making: AI systems may need to make ethical decisions, such as in healthcare or law enforcement. Establishing ethical guidelines and accountability mechanisms is crucial.

Singapore’s Pioneering Role in Public Sector AI Adoption

Singapore, often hailed as a global tech hub, has made significant strides in harnessing the power of artificial intelligence (AI) within its public sector. The nation’s unwavering commitment to digital transformation has yielded innovative solutions that are not only reshaping the way government services are delivered but also enhancing the quality of life for its citizens.

One of the most prominent examples of Singapore’s foray into AI-powered public service is the introduction of “ChatGPT.” This advanced chatbot has emerged as a trusted companion for Singaporean citizens seeking information or assistance with various government-related queries and transactions. ChatGPT’s capabilities extend beyond mere information retrieval; it embodies the potential of AI to provide personalized, efficient, and round-the-clock services to the public.

The implementation of ChatGPT within the government’s digital infrastructure has streamlined administrative processes, reduced response times, and, perhaps most importantly, improved accessibility to vital government services. Citizens can now engage with government agencies and access critical information without the constraints of office hours or the need for direct human interaction. This accessibility promotes inclusivity, benefiting all segments of the population, regardless of their technological proficiency.

Furthermore, Singapore General Hospital’s adoption of generative AI for medical imaging represents a groundbreaking advancement in the healthcare sector. By integrating AI into the analysis of medical images, the hospital has significantly enhanced its diagnostic capabilities. This AI-driven approach allows for more rapid and accurate detection of diseases, potentially saving lives and reducing the burden on healthcare professionals.

Generative AI’s application in medical imaging enables the early identification of anomalies and abnormalities, thus facilitating timely interventions and treatments. This not only improves patient outcomes but also contributes to the overall efficiency of the healthcare system. Additionally, the reduction in the time required for diagnosis translates into reduced healthcare costs and improved patient experiences.

The Philippines’ Digitalization Dilemma and the Promise of Generative AI

In contrast to Singapore’s well-established digital landscape, the Philippines presents a unique set of challenges and opportunities in its pursuit of digital transformation. The implementation of the Philippine Identification System Act, a critical initiative aimed at providing citizens with a national ID, holds immense promise but also encounters formidable obstacles.

One of the most significant challenges faced by the Philippine government in this endeavor is the quality of biometric data stored in the national database. Low-quality photos and inaccuracies in the database could potentially hinder the ID issuance process and compromise the integrity of the system. However, this challenge is not insurmountable, and here lies the potential of generative AI to act as a game-changer.

Generative AI’s ability to enhance image quality and accuracy can play a pivotal role in rectifying these data-related issues. Through sophisticated algorithms and deep learning techniques, AI can analyze and improve the quality of images, ensuring that biometric data is both reliable and accurate. This not only streamlines the process of issuing national IDs but also enhances the security and effectiveness of the entire identification system.

However, as the Philippine government ventures further into rapid digitalization, it must confront the critical issues of data privacy and security. The handling of vast amounts of sensitive personal information necessitates robust safeguards and stringent regulations. The government must prioritize the development and implementation of comprehensive data protection measures to instill public trust in the digitalization process.

Furthermore, as generative AI is leveraged to address data quality concerns, it is essential to maintain transparency and accountability. Citizens must have confidence that their data is being handled ethically and responsibly, with clear guidelines in place to prevent misuse or unauthorized access.

Conclusion: A New Era of Public Service

Generative AI holds the promise of revolutionizing public sector operations, ushering in an era of efficiency, cost-effectiveness, and improved citizen services. From streamlining administrative tasks to enhancing data quality and optimizing cloud services, the potential applications are vast. However, it is imperative for governments to navigate the ethical and privacy considerations while ensuring that AI complements human efforts.

As we look ahead, the experiences of countries like Singapore and Philippines, provide valuable insights into the transformative power of generative AI in the public sector. Embracing this technology with a responsible and forward-thinking approach can lead to a brighter future for public service delivery, ultimately benefiting citizens around the world. The journey toward a more automated and efficient public sector has begun, and generative AI is at the forefront of this exciting transformation.

Source: https://www.tradingview.com/news/financemagnates:f718dbf81094b:0-generative-ai-a-game-changer-for-public-sector-automation/

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”.

j j j

Generative AI: A Game-Changer for Public Sector Automation

Generative AI: A Game-Changer for Public Sector Automation
  • ChatGPT integration within the government’s digital infrastructure has improved response time to essential services.
  • Singapore General Hospital’s adoption of generative AI for medical imaging represents a massive advancement in the sector.

Technology reigns supreme and data is the new gold, the public sector is poised for a transformation like never before. Artificial Intelligence (AI), particularly generative AI, is emerging as a formidable tool capable of supercharging automation in the public sector, ushering in an era of unprecedented efficiency, cost savings, and improved citizen services.

At the recent UiPath AI-Powered Automation Summit, leaders from UiPath, the Singapore Government, and Singapore General Hospital gathered to discuss the potential of generative AI in reshaping public sector agencies. I will explore the possibilities and implications of employing generative AI in the public sector, drawing insights from global experiences.

Generative AI: The Powerhouse Behind Automation

Generative AI, a subset of artificial intelligence, is the technological marvel responsible for creating content, data, or solutions autonomously. It utilizes deep learning algorithms, often in the form of neural networks, to generate human-like outputs from a given input. This technology is the driving force behind innovations like natural language generation, image synthesis, and even autonomous content creation.

Generative ai market

The UiPath AI-Powered Automation Summit highlighted how generative AI can revolutionize the way public sector agencies operate. Let’s dive into some key areas where generative AI can make a substantial impact:

  1. Streamlining Administrative Tasks: Public sector agencies often grapple with mountains of paperwork and repetitive administrative tasks. Generative AI can automate data entry, document processing, and even generate reports, freeing up human resources for more strategic endeavors.
  2. Enhancing Citizen Services: Improved chatbots powered by generative AI can provide citizens with instant, personalized assistance. Whether it’s answering queries about government services or guiding citizens through complex procedures, AI-driven chatbots can be available 24/7.
  3. Data Quality Enhancement: Generative AI can assist in the enhancement of data quality. For instance, in the case of the Philippine Identification System Act, where low-quality photos hamper the process, AI can upscale and enhance image quality, ensuring the integrity of the biometric database.
  4. Cost Reduction: The deployment of generative AI can significantly reduce operational costs. By automating routine tasks and optimizing resource allocation, public sector organizations can allocate resources more efficiently and reduce the burden on taxpayers.
  5. Efficient Cloud Services: In Thailand’s case, where the Government Data Centre and Cloud (GDCC) is grappling with high demand, generative AI can help optimize cloud resource allocation and improve scalability. It can also assist in negotiating benchmark rental fees with private cloud providers, ensuring cost-effective solutions.

Challenges and Considerations

While the potential of generative AI in the public sector is immense, it is essential to address potential challenges and ethical considerations:

  1. Data Privacy and Security: With the increased reliance on AI for citizen services, safeguarding sensitive data is paramount. Robust data encryption, access controls, and stringent privacy policies are essential.
  2. Algorithmic Bias: AI systems can inherit biases from the data they are trained on. Public sector agencies must ensure that AI systems are fair, transparent, and do not discriminate against any group.
  3. Human-AI Collaboration: The integration of AI should complement human efforts, not replace them. Public sector employees must be upskilled to work alongside AI systems effectively.
  4. Ethical Decision-Making: AI systems may need to make ethical decisions, such as in healthcare or law enforcement. Establishing ethical guidelines and accountability mechanisms is crucial.

Singapore’s Pioneering Role in Public Sector AI Adoption

Singapore, often hailed as a global tech hub, has made significant strides in harnessing the power of artificial intelligence (AI) within its public sector. The nation’s unwavering commitment to digital transformation has yielded innovative solutions that are not only reshaping the way government services are delivered but also enhancing the quality of life for its citizens.

One of the most prominent examples of Singapore’s foray into AI-powered public service is the introduction of “ChatGPT.” This advanced chatbot has emerged as a trusted companion for Singaporean citizens seeking information or assistance with various government-related queries and transactions. ChatGPT’s capabilities extend beyond mere information retrieval; it embodies the potential of AI to provide personalized, efficient, and round-the-clock services to the public.

The implementation of ChatGPT within the government’s digital infrastructure has streamlined administrative processes, reduced response times, and, perhaps most importantly, improved accessibility to vital government services. Citizens can now engage with government agencies and access critical information without the constraints of office hours or the need for direct human interaction. This accessibility promotes inclusivity, benefiting all segments of the population, regardless of their technological proficiency.

Furthermore, Singapore General Hospital’s adoption of generative AI for medical imaging represents a groundbreaking advancement in the healthcare sector. By integrating AI into the analysis of medical images, the hospital has significantly enhanced its diagnostic capabilities. This AI-driven approach allows for more rapid and accurate detection of diseases, potentially saving lives and reducing the burden on healthcare professionals.

Generative AI’s application in medical imaging enables the early identification of anomalies and abnormalities, thus facilitating timely interventions and treatments. This not only improves patient outcomes but also contributes to the overall efficiency of the healthcare system. Additionally, the reduction in the time required for diagnosis translates into reduced healthcare costs and improved patient experiences.

The Philippines’ Digitalization Dilemma and the Promise of Generative AI

In contrast to Singapore’s well-established digital landscape, the Philippines presents a unique set of challenges and opportunities in its pursuit of digital transformation. The implementation of the Philippine Identification System Act, a critical initiative aimed at providing citizens with a national ID, holds immense promise but also encounters formidable obstacles.

One of the most significant challenges faced by the Philippine government in this endeavor is the quality of biometric data stored in the national database. Low-quality photos and inaccuracies in the database could potentially hinder the ID issuance process and compromise the integrity of the system. However, this challenge is not insurmountable, and here lies the potential of generative AI to act as a game-changer.

Generative AI’s ability to enhance image quality and accuracy can play a pivotal role in rectifying these data-related issues. Through sophisticated algorithms and deep learning techniques, AI can analyze and improve the quality of images, ensuring that biometric data is both reliable and accurate. This not only streamlines the process of issuing national IDs but also enhances the security and effectiveness of the entire identification system.

However, as the Philippine government ventures further into rapid digitalization, it must confront the critical issues of data privacy and security. The handling of vast amounts of sensitive personal information necessitates robust safeguards and stringent regulations. The government must prioritize the development and implementation of comprehensive data protection measures to instill public trust in the digitalization process.

Furthermore, as generative AI is leveraged to address data quality concerns, it is essential to maintain transparency and accountability. Citizens must have confidence that their data is being handled ethically and responsibly, with clear guidelines in place to prevent misuse or unauthorized access.

Conclusion: A New Era of Public Service

Generative AI holds the promise of revolutionizing public sector operations, ushering in an era of efficiency, cost-effectiveness, and improved citizen services. From streamlining administrative tasks to enhancing data quality and optimizing cloud services, the potential applications are vast. However, it is imperative for governments to navigate the ethical and privacy considerations while ensuring that AI complements human efforts.

As we look ahead, the experiences of countries like Singapore and Philippines, provide valuable insights into the transformative power of generative AI in the public sector. Embracing this technology with a responsible and forward-thinking approach can lead to a brighter future for public service delivery, ultimately benefiting citizens around the world. The journey toward a more automated and efficient public sector has begun, and generative AI is at the forefront of this exciting transformation.

Source: https://www.financemagnates.com/fintech/generative-ai-a-game-changer-for-public-sector-automation/

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”.

j j j