Blockchain Gains Attention as Crypto Market Stumbles

Girish Chugh

December 5, 2018 1:18 pm

Blockchain News

Blockchain Gains Attention as Crypto Market Stumbles
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As the world has been witnessing a tumult in the crypto market for almost a year now, blockchain technology, however, continues to attract capitalists and innovators from all around the globe.

Blockchain Technology has become a topic of discussion that makes people’s head turn. In the event, “Decrypting Blockchain for Businesses” by Forbes Asia, some of the continent’s wealthiest people congregated to learn about the promising blockchain technology from the world’s influential leaders in the space, including Binance’s Changpeng Zhao and BTCC’s Bobby Lee.

Forbes hosted a blockchain conference recently, which involved about 130 of Asia’s affluent families and individuals eager to learn about the emerging technology.

Many pioneers of the technology with a deeper understanding of Blockchain, shared their knowledge at the event. One of them was the director of Royal Golden Eagle (RGE), Anderson Tanoto, who played an instrumental part in the launch of the blockchain supply chain initiative. In his presentation, he drew a chasm between crypto investors and those experimenting with the technology.

There are two herds of people in blockchain. Those who want to get rich off crypto, and those who want to change the world with blockchain. I would like to associate myself with the second group.”

Janil Putcheary, Singapore minister, also presented at the event, he shed some light on blockchain applications for the nation’s government. Other speakers included Tinku Gupta, the executive vice president of the Singapore Stock Exchange, Bobby Lee. BTCC founder, and Jehan Chu, co-founder of Kenetic.

The main focus of the event had been on the blockchain technology, but a little time was dedicated to the topic of the digital asset. The Binance founder, Changpeng Zhao, in one session, had a long on-stage dialogue with Forbes reporter Pamela Amber. The focus was on new methods to help the prevalence of cryptocurrency usage.

He specified, “Fundamentally, I would like to see payments adoption increase. That’s the original intent, but for some reason that’s not taking off, so we’re pushing really hard into the space.”

Zhao also highlighted his company’s intention to launch its own blockchain for issuing digital token and creating Initial coin offerings (ICOs). It is expected to launch in early 2019.

Lastly, the co-founder and chairman of Bloq presented on the potential investors aiming to get involved in the space as well as the overall view of the current status of the industry.

Hype is turning into pragmatism, but we see the momentum there… This is a good time when we see these lulls to think about your strategy and your approach to the space.”

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