[Founder of QI DIAN CONSULTING: The blockchain has been existing for nearly 10 years, but became popular only at around the Spring Festival this year] Gao Bin, the founder of QI DIAN CONSULTING made a keynote speech on “Long Journey of Blockchain” at the TokenSky Blockchain Conference in South Korea. He believes that the blockchain has been in existence for nearly 10 years, and became popular only at around the Spring Festival this year. He introduced the popularization of blockchain knowledge through the business school courses, books, and blockchain list media of QI DIAN. He introduced the activity of “Long Journey of Blockchain along 50 Cities (abbreviated as C50)”, which is a global community autonomy organization that practices blockchain ideas. He announced that he had reached cooperation with Beijing Bobby and Qingdao Chain Bay, and planned to launch a test for knowledge qualification.
[Chairman of GwokCoi: Stressing the Importance of Industry Self-Regulation] At the "blockchain industry services" roundtable of TokenSky Blockchain Conference in South Korea today, Zhang Li, chairman of GwokCoi, stated that the industry lacks high-quality media. He believes that once an article or short message is sent out, it is prone to “flying everywhere” without a clear source, which will do “harm” to the industry. He emphasized the importance of establishing a media self-regulatory organization to ensure that media will send message based on evidence after investigations. He believes that industry education is very important, and training institutions and the media should disseminate quality content and educate practitioners. Project parties should choose professional and mature partners and investors, learn mature experience from others, and ensure development of the entire industry. He believes that the industry lacks professionals, especially legal talents. But he also mentioned a group of people with great ideas in Beijing and Shenzhen. They have legal background and interest in blockchain. They will provide legal service for mid and downstream companies in blockchain industry. He hoped that current practitioners will cherish the moment and new comers will be discipline and develop themselves.
【币蛋联合创始人：产业服务将向生态化和细分方向发展】[Co-Founder of Coinegg: industrial services steer towards eco-friendly and subdivided directions] At the TokenSky Blockchain Conference in South Korea today, Zhang Tao, co-founder of coinegg.com and founder of huoxun.com, said that the digital currency exchanges and financial media will better serve blockchain by steering toward ecological and subdivided directions. He also said blockchain media are still in the initiative stage and should therefore be tolerated to some extent. Too much restriction will hamper their development. He said that increased auditing standards have become the major barrier to bitcoin trading recently.
[COO of Asch Chain: Top Three Keywords of 2018] At the “Blockchain Industry Services” roundtable of the South Korea, Zhang Detao, COO of Asch chain, mentioned three keywords of 2018: embracing supervision, legal compliance, and value discovery. He believes that we should provide holistic legal and resource service to create a more pure environment for entrepreneurs. He clearly stated that trading access fee is a loss to entrepreneurs.
[Sora Foundation announced that it has reached cooperation with Qtum] Jason Fang, the founding partner of Sora Ventures, talked about the three major forms of digital currency investment at the TokenSky Blockchain Conference in South Korea today: 1. ICO can raise money in a short time but cannot scale; 2. Using legal currency to invest in digital currency, but only limited to one certain type of currency; 3. It is easy to establish a foundation but hard to regulate it. He then introduced the previous digital currency investment projects of Sora, including DAEX LBANK, Tari, Basecoin, Mithril, and Origin Protocol. He announced that Sora has reached cooperation with Qtum and BTC Media, and Shuai Chu will serve as the advisor to the Sora Foundation.
[Founder of CSDN introduced DCO, a new mode of software development, organizing and collaboration] At the TokenSky blockchain conference in South Korea, JIANG Tao, founder of CSDN and GeekFounders and founding partner of ABI Funds, introduced a new mode of software development, organizing and collaboration between full decentralization and full centralization, distributed cooperative organization (DCO). He believes that there are drawbacks in complete decentralization, such as the division of Bitcoin community. He took the Linux community as an example to explain that centralized decision-making is not necessarily a bad choice. DCO (Distributed Collaborative Organization) is a strong cooperative relationship lied between the two modes. It is only similar to a company. It uses token as an incentive to create value without complete decentralization. One owner is enough to control without request for currency rights or complete automation. Every DCO can issue a DCO Token (DCOT). DCOT can be functional, equity, or hybrid. He thinks that Steem is a better example. He also introduced the concept of High Order Token (HOT), which is an encrypted digital certificate, a derivative of DCOT. In real application, HOT can represent DCO's various equities, commodities and qualifications. He predicted that in the next 5-10 years, blockchains and tokens will bring new economic forms, and all values and benefits will take forms of token and blockchain. CSDN, a China developers community, has 23 million independent users with over 14 million being active. Geekbang has invested in Bingo Crush, OKCoin, Scry.info, GR Asset Database, IT Orange, etc.
[Overseas Director of GLDX: GLDX will put two exchanges online] Angel Dou, GLDX Oversea Director, introduced GLDX’s project at the TokenSky Blockchain Conference in Korea today. Users can mortgage certain amount of digital assets on chain in exchange for GLDX. GLDX can be used to purchase other digital currencies. Users need to use GLDX token (HLD) to redeem the mortgaged assets, after which GLDX will be locked. HyperLending, a built-in market, will allow lending and borrowing in U.S. dollar, Japanese yen and Korean won, followed by virtual currencies such as GLDX, USDT, and TrueCoin. Currently, teams are forming in Japan, Singapore, and South Korea. Angel Dou informed that GLDX team is contacting a number of exchanges, two of which have promised to list GLDX on market. Detailed information will be disclosed later.
[Lee Wang, general manager of Thunderobot Technology, announced he will be “all in blockchain”] The concept of "blockchain + game" is going viral, with traditional companies including Netease and LINEKONG entering the market. Kailin Lu, general manager of Qingdao Thunderobot Technology, announced their smart products of mining machine at the TokenSky Blockchain Conference in South Korea today. He explained the combination of blockchain with game smart hardware, gaming community and electric competition to reshape players’ game capital, to transfer virtual game capital into liquid digital wealth. He announced that he will be "all in blockchain." Gaming smart hardware of Thunderobot will transfer game notebooks’ superfluous hash rate into mining power, with router bandwidth contributed to mining and private cloud resources shared to mining. Thunderobot Technology is an internet game company "born only for game". It is listed in the new over-the-counter market with determination to lead Internet game industry.
[BTC123 CEO: Focus on project incubation; promise not to become the middleman and be involved in private equity] Cui Demin, CEO of BTC123 CEO talked about his understanding of the “pain points” in the coin industry at the TokenSky Blockchain Conference in South Korea today. He concluded four “pain points”: 1. Lack of the professional guidance for the investment towards the initial project; 2. Blindly follow the trend of investing in the secondary blockchain market; 3. The coin market is too complex to understand; 4. There are too many investment currencies, chaotic assets, and lack of unified management. He believes that companies do not have enough knowledge of blockchain entrepreneurship; blockchain applications are in a blank phase; they are not clear about the operational flow for creating blockchain services and products; the development technology for blockchain is not mature enough. He then introduced the BTC123’s service-type products for companies and individuals. For companies, BTC123 provides project incubation, index support, super classrooms, industry summits, etc.; for individuals, BTC123 provides market analysis, super wallets and newsletter services. He promised that BTC123 will only focus on project incubation, and will not become the middleman and be involved in private equity.
[CTO of CryptoWorld: 2018 is the “Year of Landing” for Blockchain"] Brew Tan, CTO of CryptoWorld, addressed the TokenSky Blockchain Conference in South Korea today that 2018 is the "year of landing" for blockchain. He mentioned three major problems facing blockchain: 1. hidden trouble in the transaction processing speed and carrying capacity of main chain; 2. difficulty in occasional interaction and currency switching; 3. high threshold for blockchain application service. CryptoWorld is a high-efficiency block alliance fusion main chain (CWV) based on layering consensus, solving the afore-mentioned first problem. CryptoWorld is expected to realize 100,000 TPS in the future and build a simulated asset management game platform which provides users with a visual scenario system that connects blockchain service applications. CWV will support the mainstream DockerVM virtual machines to be more suitable for alliance chain mode.
[Partner of DL Capitals: blockchain investment should consider integration with other technologies] Dr. Lo Waishun, General Partner of DL Capitals and former chairman of Qianhai International Blockchain Ecosphere Alliance, gave a keynote speech on “Blockchain: a global cognitive revolution” at the TokenSky Blockchain Conference in South Korea. He cited data showing that between 2008 and 2017, China had submitted 550 blockchain-related patent applications, ranking the world’s first, followed by the United States (284) and South Korea (192). Patent applications for blockchain technology has increased dramatically around the world from 84 in 2014 to 229 in 2015 and 455 in 2016. He said that 9 Chinese local governments have issued blockchain development proposals. He addressed that blockchain technology is faced with four major problems: 1. performance breakthroughs are hard to make in the relatively centralized system; 2. R&D and transformation cost; 3. security and privacy protection - anonymous blockchain cannot be used for market; 4. talents – high requirements for personnel’s comprehensive capabilities. He divides companies riding the waves of blockchain into four categories: startups, financial institutions, large IT companies, and consulting firms/integrators. Speaking of investment strategy, he said we should consider not only blockchain technology, but also its integration with other technologies, such as artificial intelligence, Internet of Things, and so on. He concluded that future development trend of blockchain lies in the "innovation of economic and social mechanism driven by system innovation". Cross-chain technology, user authentication, security, standardization, and BaaS services combined with cloud technologies are all development priorities. DL Capitals has invested in Beijing Bubi.cn, which has 26 blockchain-related patents. He finally introduced Qianhai International Blockchain Ecosystem Consortium (IBEC), which has cooperated with Qinghai government for more than a ye
[ENT's Chief Content Officer Luffy, ENT Project Director Snow— ENT News Conference for Releasing Strategies: Opening the era of Star Coin] Star Coin is launched for payment and clearing at the TokenSky Blockchain Conference in Seoul on March 15th. It can be used to reward the author of premium contents or sharer; to purchase network bandwidth and storage space; to pay contract; to purchase time of celebrities; to pay advertising costs; to purchase exclusive celebrity tokens, etc. Star Coin is an exclusive token based on the main chain of ENT entertainment chain. The commercial value of celebrities is the best endorsement of their tokens. Fans directly support the celebrities’ commercial activities by purchasing tokens issued by them so as to achieve the maximization of the celebrity effect and the new upgrade of the fan economy. At present, T-ara, the Korean female idol group has signed a contract with the ENT entertainment chain to release its exclusive token based on the ENT main chain.Eric, the technical director of ENT said: the goal of ENT entertainment chain is based on the anti-counterfeiting, anti-tamper, anti-piracy feature of IPFS as well as fans’ support. It is also anti-cheating with no charge rate, and provides true advertising effect. ENT can bring in a decentralized content distribution platform, reduce transaction costs, retrieve and deliver contents accurately, highlight IP protection and the quantification and embodiment of IP value. The technical characteristics of the ENT main chain lie in the perfect integration of the alliance chain and the public chain, the improvement of the consensus algorithm at the public chain end, and the support for distributed content storage. Robert, CEO of ENT Exchange Asia Pacific Region CEO: Let Fans approach celebrities directly. The core competitiveness of the product records the relationship between celebrities and fans, and portrays real images of fans. The fans consume Star Coin coins directly to achieve the real interaction with celebrities. Product Outlook: Global celebrities can issue their own coins through ENT and have more fans through ENTClub; in return, fans can interact with their favorite celebrities in this platform.
[Zhang Yinhai: fork is valuable as long as it can solve Bitcoin’s problem] Jack zhang, Founder of ChainFunder / LBTC Chinese Community, jokingly said at the TokenSky blockchain conference in South Korea that license is a distinguishing standard for Internet and financial companies, and licensing is a symbol for financial companies, which he believed should be called more appropriately as “technological finance” instead of the " Fintech", for programmers are changing the world. He said fork is valuable as long as it can solve Bitcoin’s problem. LBTC will solve the problem facing BTC expansion by expanding block size to 2MB (to be further adjusted). Retrieval in 3 seconds means 2800 TPS, which may raise to 10,000 TPS in the future. He emphasized that LBTC is using the IOV protocol (Internet of Value Protocol), which he defined as "SWIFT 3.0". According to its roadmap, LBTC will get main network ready in Q2 of this year, smart contracts in Q3 and Dapp in Q4. The current average LBTC global price is 239 US dollars, down 7.2%.
[Founder of DataKernel: the relationship between token issuing and effect can be described as "which came first: the chicken or the egg?"] Justus Perlwitz, founder and researcher of DataKernel, a business data company, spoke of token issuing strategy at the TokenSky Blockchain Conference in South Korea. He believed that token is a proof of value. In simple terms, to issue token is to “distribute keys to others with the ownership retained”. He said "decentralization" means regulation, distribution, and democracy. For the issuance of token, he believed liquidity is a major challenge, and people's confidence in the liquidity of assets will accelerate their adoption and participation. the relationship between token issuing and effect can be described as the "egg causality dilemma". He believed that market makers can provide decentralized liquidity.
[Founder of SelfSell: the most important investment is “people”] Yuan LI, Founder of SelfSell Foundation and CEO of Thinkyoung Co., Ltd. addressed a keynote speech on "Redefine human value" at the TokenSky Blockchain Conference in South Korea. He compared human success with commercial success and put forward that the most important investment is “people”. SelfSell treats people as capital and is an investment and financing platform that directly targets individuals. SelfSell helps realize discount and circulation of personal future earnings at the current stage, hence everyone can acquire more resources at present and enhance their own space for future development. This is real "people-orientation." SelfSell will set an investment safety line of 5% in order to prevent cheating, meaning that individuals can only sell 5% of their future income. According to its published roadmap, SelfSell will enter European market this month and get a browser ready, release SelfCoin on its online talent resources market available in April, enter Southeast Asia market to finance for SelfCoin in May; and is expected to achieve 500,000 registered users in July.
[BCOO innovated the traditional point-rewarding system] Joseph Sadove, CEO of BCOO talked about his understanding of the reward system at the TokenSky Blockchain Conference in South Korea today. He believes that the current traditional reward system has many drawbacks such as low single value, insufficient attention from users and scattered points. These have made this system “not very useful.” BCOO uses blockchain technology and combines online and offline feedback to build point-rewarding system. The tokens can be used in every link of the value chain. According to him, BCOO is about to launch a "free movie" plan. BCOO was established in Shanghai in February this year. Its research center was set up in California in August, 2017. On February 10th, its first BCOO-based e-commerce platform “joyup.io” was launched. At present, BCOO runs on the Ethereum chain. The wallet is its accounting center, which is simple and convenient.
[The smart wristband of GymChain will be launched at the end of April] The founder and CEO of GymChain (JinChai), Zhang Jianyi, talked about the combination of health management and blockchain at the TokenSky Blockchain Conference in South Korea. The data cited by him have shown that there are 37,627 gymnasiums in the country, and the number of annual memberships is expected to exceed 100 million. He predicts that there will be more than 500 million fitness enthusiasts worldwide. GymChain features the application of blockchain technology to the intelligent fitness industry. It is the first time that fitness and mining have been combined. Smart fitness equipment, offline stores and smart surroundings will be integrated to open up the fitness financial ecosystem. According to him, the smart wristband will pool the blockchain technology, artificial intelligence, and big data together. The first-generation wristband has been released and will be officially launched at the end of April.
[COO of VeChain: The next 2-3 years is the key stage in the development of the industry] Feng Yikai, chief operating officer of VeChain, said at the TokenSky blockchain conference in South Korea that the next 2-3 years will be most important for the development of blockchain industry. This period will usher in mature regulatory and industry standards, and can achieve true industrialization and commercialization. VeChain is a blockchain-based interaction and collaboration cloud platform for account-based information that constructs a trustworthy distributed business ecosystem that can be self-recycling and outward-expanding, and provides complete solutions. It is currently testing the water in luxury, automobile, food safety and other industries. VeChain has announced cooperation with BMW, DNV GL (a Norwegian classification society), Yida Group, and Australian Business Alliance. The current average global price of VEN is US$3.51, down by 20.05%. VEN is available on 17 exchanges including Huobi Pro, Binance, and Gate.io.
[World Blockchain Organization will issue three types of licenses: operating licenses, trading licenses, and ICO licenses] Frank Zheng, the chief economist of the World Blockchain Organization and Dean of the Caribbean Blockchain Research Institute, introduced the World Blockchain Organization at the TokenSky Blockchain Conference in South Korea. He mentioned that the Caribbean region is the world’s largest offshore area. Many international transit trades rely on the operation in the Caribbean region. However, 80% of the population in this region do not have a bank account, and financial infrastructure cannot rely on traditional financial instruments. Therefore, the global development and cooperation of blockchain is very necessary. The World Blockchain Organization is filed to the United Nations and is initiated by seven subordinate agencies of United Nations. It is also jointly sponsored by the World Federation of Free Trade Zones, the National Institute of Artificial Intelligence, and the Caribbean Blockchain Institute with the aim to create a leading blockchain ecosystem in the world. This would include blockchain policy research, legislation, standards development, evaluation and certification, conference and exhibition, training and education, and other public benefit activities in the field of publicity, promotion and laws. The World Blockchain Organization has more than 400 members and institutions with nine offices, including the news media office, law and regulations office, license supervision office, industry development office, test and certification office, evaluation and rating office, international standards office, conference and exhibition office, and education and training office. He mentioned that the license supervision office will issue three types of licenses: digital asset operating licenses (for ordinary digital asset companies), digital asset trading licenses (for digital currency exchanges, etc.) and ICO licenses (for projects and companies that only issue ICOs, etc.). In the two years starting from 2018, the World Blockchain Organization will increase the academic research exchanges and blockchain industry development in the Caribbean region, the South Pacific region and the Mediterranean region, and attract more countries to become its members. The goal is to become the main intergovernmental international organization in the blockchain industry.
[Huang Lianjin: six attitudes of US government’s digital supervision] Huang Lianjin, CEO of Distributed Business Applications, spoke at the TokenSky blockchain conference in South Korea about the U.S. regulation of digital currencies and emphasized the protection of investor interests. He compared the regulation with the British Red Flag Act of 1865, referring to the United States government's awareness that they could not “give up eating for fear of choking” and thus hinder the development of blockchain industry. He summed up the current six attitudes and understandings of the United States on digital currency supervision: 1. The principle of “no harm”; 2. Bitcoin is not yet a systemic risk; 3. Strengthening regulations to protect investors; 4. Blockchain is a national-level strategy; 5. Token economy is part of blockchain; 6. Obscure definition of securities and practical token; 7. Regulators should be further trained educated, and relevant education courses are available within the government. The U.S. digital currency regulators include: 1. National Banking Supervisors; 2. The Internal Revenue Service (IRS); 3. The US Department of the Treasury's Financial Crime Enforcement Network (FinCEN); 4. The Securities and Exchange Commission (SEC); 5. US Commodity Futures Trading Commission (CFTC). He also introduced the SAFT (Simple Agreement for Future Tokens), which is applicable to investors whose annual salary exceeds 200,000 U.S. dollars or net assets exceed 1 million. At present, the SEC has not explicitly stated its attitude toward SAFT. He described Howey's test as an effective means to determine whether a certain financial instrument is "security". He came to the conclusion: 1. token economy is irreversible and “no harm” principle is the key; 2. pump and dump, air coins will be punished; 3. attention must be paid to practical application scenarios. The main business of the US distributed commercial company is providing consultation and training services on block chain.
[CTO of Hainacloud: don't just look at white papers and celebrity spokespersons] Joe Zou, CTO of Hainacloud shared his understanding of token at the TokenSky Blockchain Conference in South Korea today. He defined “token economy” as an economic system that adopts token as a exchange medium for consumption and value. Token is divided into four categories: spiritual, virtual currency, securities, and utility token. He introduced two major token evaluation methods: one is the leek evaluation method (result-oriented speculation); the second is the password Buffett method (basic analysis investment). The four key indicators of token models: type, logic, user base, and supply. From the technical perspective, he believed that we should not only look at white papers, but should also focus on originality of technological innovations such as architecture, code maturity, performance, safety, and privacy. From the team's perspective, he believed that instead of focusing on inviting celebrity spokespersons, we should focus on team's records regarding CV authenticity, domain expertise, etc. He thought the most suitable scenarios and cases for token economy include cloud computing, big data, artificial intelligence and mobile social networking. Token economy will promote the transformation of world economy, change the relations of production, generate trust to support valuable Internet, and build a decentralized economic ecosystem. Hainacloud is a subsidiary of BoomSense Technology (300312) without engagement in blockchain-related services. Zou Jun is the deputy secretary general of Zhongguancun Blockchain Industry Alliance.
[Co-founder of Halal Chain: public chain will support start-ups in Islamic economy] Abdullah-Han Guangyu, CEO/Co-Founder of HalalChain gave a keynote speech on "Islamic Economy and Blockchain" at the TokenSky Blockchain Conference in South Korea today. He defined Islamic economy as the sum of financial behavior in the Islamic world, which was based on Islamic law and developed rapidly. He quoted data showing that Islamic economy has amounted to 6.7 trillion US dollars. He believed that blockchain public chain can be used as a complete ecosystem to support start-ups in the digital economy and other areas. Halal Chain is built on quantum chains and uses blockchain and Internet of Things technologies to track food supply chain, so as to ensure high-quality Halal products during their slaughter, processing, production, transportation, storage, and sales. The current global average price of HLC is 0.15 US dollars, down 16.38%, and it is now available on the 4 exchanges including ZB.
[Toda Algorand CTO: New Generation of "TCP/IP Protocol" empowers blockchain] Toufi Saliba, CTO of Toda Algorand talked about three major issues of the current electronic cash system at the TokenSky Blockchain Conference in South Korea today: transfers Cost issues, regulatory issues, and centralized exchanges. These issues must be further innovated and be empowered by a new generation of "TCP/IP (Internet Transmission Control Protocol)”. Toda Algorand is a merger of Todacorp and Algorand. It combines the Toda agreement and the Agorand agreement to provide a new decentralized business model and empower a microfinance platform. Toufi Saliba was a technical adviser to a company of Forbes 500. His last startup company was acquired by Intel and the intellectual patents were purchased by Google, HP and Opentext.
[Lin Siyun, representative of DeepBrain Chain: DeepBrain Chain is currently the only artificial intelligence computing platform driven by blockchain technology] Lin Siyun, representative of DeepBrain Chain, made a keynote speech on block chain and AI at the South Korea TokenSky Blockchain Conference today. She cited data which shows that artificial intelligence will contribute 15.7 trillion US dollars, higher than the combined yields of China and India. DeepBrain Chain is currently the only artificial intelligence computing platform driven by blockchain technology. It is mainly to help global artificial intelligence companies solve industry’s problems by lowering the cost of computing and protecting data privacy. She focused on the DBC lab in Silicon Valley, which is responsible for large-scale parallel training of neural networks, deep learning algorithms, and reinforcement learning to reduce energy consumption in DBC networks. According to its road map, DBC will complete blockchain R&D testing in the second quarter, and the community will be expanded to 100 countries to cover more than 100,000 people. Prior to this, Zhu Xiaohu heavily criticized DBC’s fraud, saying that GSR Ventures and he will not invest in any blockchain project. After that, DeepBrain Chain’s officially clarified that GSR Ventures actually invested in their AI project. DeepBrain open platform is one of the deep-brain chain ecological forms. The current global average price of DBC is 0.0412 US dollars, down 24.27%. It is now on available on five exchanges including Huobi Pro and Gate.io.
【Chief Executive of the ubiCom Foundation: To overthrow the traditional public cloud network】 James Jiang, Chief Executive of the ubiCom (ubiquitous computing power) Foundation, talked about the four major challenges for public cloud at the TokenSky Blockchain Conference in South Korea: 1. Monopoly and centralization; 2. Difficulty in migrating business for manufacturers; 3. Relatively high prices; 4. Data sharing and plagiarism by cloud service providers; 5. Unable to support services based on distributed resources. He introduced that ubiCom's development goal is to innovate and build the sharing network of computing power beyond 3A (Ali cloud, Microsoft Azure, Amazon cloud). He also admitted that the cloud storage market cannot be subverted entirely. ubiCom does not provide hardware, but focuses on providing blockchain-based IaaS (infrastructure and services) as well as linking a large number of computers in the world so that the bottom can offer basic resources and the top can offer various applications. Zou Jun is the chief scientist of ubiCom.
[Co-founder of CyberVein: laboratory research data integration being conducted] Ning Zhiyuan, co-founder of CyberVein, talked about CyberVein's current project at the TokenSky Blockchain Conference in Korea today. In addition to its basic function of data management and storage for existing database software, CyberVein is also a decentralized platform that defines data value and management. It evaluates each type of data of individuals against data abuse by traditional Internet companies. Its operating mechanism is based on three pillars: Vein programming language and CyberVein virtual machine, proof of contribution (PoC), and DAG organization. The current business is focused on laboratory data integration. Researchers can maintain their own research data on the chain while accessing data from peers. According to its official portal, in the first quarter of this year, it will develop a test version and complete the community construction. In the second quarter, it will launch the second edition of test and wallet, and put the product online in the third quarter.
[Founder of PlayCoin: “Social Mining” maximizes players’ and promoters’ profits] Dennis Kim, CEO and Founder of PlayCoin, mentioned the concept “Social Mining” at the South Korea TokenSky Blockchain Conference. Unlike previous mining systems, PlayCoin will generate revenue for game creators and promoters. PlayCoin is a blockchain project based on games and advertising marketing. It solves the problem of monopolization and high fees. It will also establish the PlayCoin Alliance to bundle live broadcasts with instant online celebrities, to provide a platform that allows "viral spread" at a reasonable price. At present, PlayCoin is engaged in main sale of tokens and has raised over 30 million US dollars.
[HPB will out test network online this month] Emma Zhu, CMO of HPB (core chain) introduced HPB projects at the TokenSky Blockchain Conference in South Korea. Core chain provides a blockchain architecture combining hardware and software, including a chip acceleration engine and a blockchain underlying platform to solve performance bottlenecks that constrain the maximum development of blockchain, with a high concurrency of millions of users as its ultimate goal. Some foreign media and Big Vs (verified weibo users who have more than 500,000 followers) said core chain is the Chinese version of EOS. She stated that HPB test network will be put online this month, and the main network is expected to be available at the end of June. The current global average price of HPB is 2.68 US dollars, down by 16.50%. HPB is available on Kucoin, Bibox and Allcoin exchanges.
[Tiffany Zhou, Assistant President of Bit-Z— World's Leading Blockchain Asset Exchange] The promotion, development, coordination, and ICO of the Star coin was announced on March 15th at the TokenSky Blockchain Conference in Seoul to optimize the management and inject new momentum to the market. Bit-Z has a strong customer base and is able to evaluate the risk tolerance of customers. With this professional operating team, Bit-Z provides customers with the highest quality service.
[Bit.Game CEO Eric Sun-Bit.Game, the blockchain game exchange] The development route was launched on March 15th at the TokenSky Blockchain Conference in Seoul. There are currently 2.2 billion players and Bit.Game will convert these players into investors. ICO will be launched in April this year. At the conference, Eric also put forward some donation plans to hold a 1,000-person conference on April 3rd.
[Co-founder of Smartshare: token economy cannot overtake technology] Yang Liang, co-founder of Smartshare shared his views at the South Korea TokenSky Blockchain Conference. He said that people say blockchain will change production relationship, but production relationship cannot promote productivity. Therefore, direction and promotion of technology should be our focus and key strategy. The present token economy cannot overtake technology. Smartshare will create a public chain master network, divided into connection layer (smart chip), main chain layer (optimizing Ethernet network), contract layer (for different devices), and application layer (smart terminal cooperation). The total number of Smartshare tokens (SSP) is 10 billion, and 4.5 billion ecological nodes will be built in the future. At present, the number of nodes is 50,000, with daily profit yield being 1.37 million. He said that Smartshare is focusing on four types of devices including air purifiers and stereos, and has partnered with MUZEN RADIO. Yang Liang concluded that the project’s biggest vision is to build a “MI” of blockchain.
[DA Hongfei: NEO is building building a compliance ready blockchain] DA Hongfei, Founder NEO & Onchain, delivered a keynote speech on “Building A Compliance Ready Blockchain” at the South Korea TokenSky Blockchain Conference. He briefly introduced the development history of NEO, saying NEO's two rounds of ICO raised 2100 BTC and 6000 BTC respectively, which is far less than that of some ICO projects. He believed that NEO's smart economy has three key components: digital economy, programmable economy, and trustless economy. He said that NEO is currently the only A-rating project (A-) in Weiss Ratings, ETH is rated B, BTC is only rated C. He thought that the NEO development community has played an important role. Members of the English development community, City of Zion, are mainly from the United States and Europe, and the Chinese development community is NEL. He stated that NEO cooperates with a white hat hacking organization, RED4SEC, which is responsible for discovering code loopholes, solving problems, and wholly responsible for NEO security audit. He reiterated the goal of “building NEO into the world's No.1 blockchain by 2020”. The “No.1” is not in the market value, but in its popularity as a development platform. He believed that there are two "killer" applications in the blockchain, one is BTC, the most trade-worthy virtual currency despite current speculation spirit; the second is ICO, a new type of financing which pushes the market value of ETH to the second highest among virtual currencies. He pointed out that centralized exchange has many drawbacks, citing some historic events of digital currency exchanges being stolen and hands-off cases, such as "MT.Gox incident", BTC-e, Bitthumb, etc. He put forward that "centralized exchange will disappear" for three reasons: safety, regulatory and cost issues. The solution is decentralized exchange (DEX), and NEO has the quality build a good DEX project, namely, 1000 TPS, rapid validation, strong interoperability (NeoX), digital ID
[Ken Kawai, Partner of Anderson Mori & Tomotsune— Regulatory Innovation of Financial Technology in Japan] The outline of cryptocurrency regulations of Japan was issued on March 15th at the TOKENSKY Blockchain Conference in Seoul.He proposed the following contents at the meeting:- Legislative background;- Outline of cryptocurrency regulations based on the "Payment Services Act";- KYC / AML problem;- Requirements for cryptocurrency transactions and related services;- Procedures and timetable for obtaining cryptocurrency redemption licenses;- The latest challenges encountered after large-scale hack attacks on Japan's major cryptocurrency exchanges;- ICO supervision; and,- Future prospects.Japan, the first country to introduce cryptocurrency regulations, drove the country’s cryptocurrency transactions last year. Japan has become one of the major centers for trading cryptocurrencies. However, due to the rapid expansion of the business, the country now faces challenges such as ensuring system security, preventing insider trading and market manipulation.Ken will address these issues based on his experience in providing legal advice for cryptocurrency-related businesses for the Japan Cryptocurrency Association, the Japanese Cryptocurrency Exchange, and other companies (including non-Japanese ones).
[Christian Reeves, MasterDAX COO, MasterDAX Product Launch & Partnership Signing Ceremony] Providing one-stop service for digital currency online and offline wallet and assisting with technical training and website deployment; other cooperation includes quotation optimization, legal compliance, project incubation, marketing, etc. The TokenSky Blockchain Conference witnessed the launch of MasterDAX brand product which has caused heated discussions and expectations from all parties in the industry. The global exchanges under interviews all believed that the advent of this product into the digital asset exchange just filled the gaps in the market, which would greatly enhance the liquidity and security within the exchange alliance and effectively comply with policy regulations to improve the compliance. It is reported that MasterDAX will start a global tour in the first half of this year and work closely with regional partners around the world.
[Emilie Allaert, Head of Operations and Projects, LHoFT— Standing at the peak of the times to shape the future of financial services] Luxembourg is the only country in Europe to have two regulated cryptocurrency exchanges: Bitstamp and bitFlyer. These cryptocurrency exchanges are regulated by the payment license regulations and are allowed to trade cryptocurrencies. The Luxembourg House of Financial Technology (“LHoFT”) is active at conducting work with the nation, and provides clearer regulations and practices together with the other counterparts. ICO is an effective way to raise funds for innovative projects, but this should not hinder the protection for investors. We firmly believe that consumer protection depends not only on supervision but also on self-discipline. It should not violate basic regulations such as anti-money laundering/KYC. Blockchain has never replicated the current capital market model. However, to achieve trust in distributed classified accounting technology and encrypted assets, the government must be convinced of the reliability of this technology.
[Head of BD Asia-Pacific of BeeChat: We Media open platform will be available in April] Charlie Chen, Head of BD Asia-Pacific of BeeChat spoke about BeeChat’s status quo and future outlook at the South Korea TokenSky Blockchain Conference. He said that BeeChat currently has 10 million registered users, of which half are active users and registration is expected to reach 100 million in the future. He announced their cooperation between BeeChat and Monster Hunt II. BeeChat launched its social platform, BiYong, determined to create a “WeChat”-like chain link. According to their road map, We Media open platform will be available in April. BeeChat is a quantum chain-based mobile communication application that provides a highly encrypted free global chat service with up to 30,000 community members. Its built-in wallet supports BTC, ETH, QTUM, etc. It is as simple and quick as making red envelopes transfer and chatting, similar to the "coin-circle small WeChat." According to the official website, the current Shuai Chu (CEO of Qtum), LAOMAO and Xu Zijing have entered the Chinese community market. CHAT is a base currency of BeeChat. It is used in chat tools to transfer red envelopes, rewards, and give paid access to small BEE circles. At present, the global average price of CHAT is USD0.0931, down by 14.59%. Currently, it is available on eight exchanges including Huobi Pro, Binance and OKEx.
[Asobimo CEO: The first game company in Japan to have ICO] Kondo Katsunori, the CEO of Asobimo delivered a keynote speech on “blockchain and MMO games” at the TokenSky Blockchain Conference in South Korea today. He said that the company is undergoing ICO and issuing ASOBI Coin, and thus becoming the first game company in Japan to have ICO. Afterwards, a technical professional from Asobimo came to the stage and talked that the development of mobile games in the future would focus on upgrading the video card and network. He also promised that the amount of ICO fundraising would be used to support a game to be released this year, instead of “a game to be released in the next few years.” Founded in 2007, Asobimo specializes in the development of free MMO games for smart phone clients. Its unique feature is the realistic game background. As early as in 2015, its game downloads exceeded 18 million. Currently, it has established cooperation with SWITEX, the European game market.
[CSO of ShineChain: a sound block chain ecosystem should be initiated by external compensation] At the “Seeking for the next generation of consensus algorithm of block chain” parallel session of the South Korea TokenSky Blockchain Conference, Sun Zhiyong, CSO of ShineChain demonstrated that token is a carrier for value circulation and consensus, and a sound block chain ecosystem should have three qualities: 1. convergent, close-loop and stable; 2. initiated by external compensation; 3. internal value creation. Block chain consensus can combine efficiency with equality.
[RealChain launched smart authentication device “Sharp Eye” for consumer goods] RealChain today launched “Sharp Eye,” the smart authentication device for consumer goods at the TokenSky Blockchain Conference in South Korea. It shows how “Sharp Eye” can identify Maotai from multiple wines. The user can easily identify the authenticity of the detected object by linking it with the APP in the mobile via Bluetooth and checking the component analysis information and the information stored in the back-end chain to identify the authenticity. This can eliminate the cumbersome procedure of the identification by organization, lower the threshold for authentication and cost. The global average price of RTC is 0.0489 US dollars, up by 0.73%.
[Founder of Block VC: there’s no perfect consensus mechanism] At the “Seeking for the next generation of consensus algorithm of block chain” parallel session of the South Korea TokenSky Blockchain Conference, Xu Yingkai, founder of Block VC, said different consensus mechanisms apply to different scenarios, and there’s no perfect consensus mechanism. The next-generation consensus mechanism will be more closely integrated with the application scenarios. Founded in 2017, Block VC focuses on digital currency investment funds in the block chain. It has invested in early high-quality projects such as CoinMeet, Qtum, and NEO, as well as TenX, Qash, VeChain, Scry, and MadNetwork. Xu Yingkai is an angel investor and has worked at Wecash, Dingming Asset, Credit Suisse, etc.
[LBank Investor: not all applications should be decentralized] At the “Seeking for the next generation of consensus algorithm of block chain” parallel session of the South Korea TokenSky Blockchain Conference, Zhang Hua, LBank investor of HKEX, said that consensus mechanism is the principle of ensuring the whole governance structure of block chain. Bitcoin bifurcation is actually a split of the consensus mechanism. She believed that not all applications need to be completely decentralized, and that increased security may lead to other problems. For example, private keys are completely protected by users; however, users are less likely to lose private keys than central transactions being stolen. Zhang Hua is also a co-founder of the DAEX distributive clearing platform. According to a public file, DAEX will publish a white paper in the first quarter of this year, and will publish a technical yellow book in the second quarter, which will be tested before the end of this year.
[Founder of JOne Capital: annual return on investment in 2018 will be lower than in 2017] At the South Korea TokenSky Blockchain Conference, Jian Sun, Founder of JLab Foundation and JOne Capital predicted that return on investment of digital currency in 2018 will be lower (a “hard year for investment”, as he described), compared with 2017. JOne Capital (security no.: 600053.SH) is a listed company under JOne Group with focus on PE, VC and immovable property investment and asset management. JOne Capital has been awarded “China Best PE Institution” for three times with stock price of 22.67 RMB, slightly up by 0.71%. Jian Sun is the chairman of the board and chief manager of JOne Capital with focus on investing in mobile internet and early mobile games.
[CTO of Linkcoin: OTC trade volume is expected to exceed $ 5 billion in 2018] Blues Qin, CTO of Linkcoin, the digital asset custody platform, predicted at the TokenSky Blockchain Conference that the OTC digital currency transactions would exceed $5 billion in 2018. This means that it will generate 2.5 million transaction fees and 1 million tolls. He mentioned that the registration and announcement on Linkcoin are free, and the transaction service charges advertise fee of 0.6%/serve. Currently, the platform supports BTC, ETH, LTC, ETC, BCH, and BIX (Bibox platform tokens), adopts the voting program, and supports Alipay and Wechat payment. He also mentioned that another application that uses the digital currency to observe US stock index is currently undergoing a round of angel investment. At the same time, Blues Qin also serves as the CEO of Yesbit. Yesbit is both a blockchain investment fund and a medium-sized bitcoin mine.
[Founder of Quarkchain: a million trades through chain is possible] Zhou Qi, Founder of Quarkchain (QRK), explained partitioned trading technology and storage expansion of Quarkchain. Quarkchain is a virtual currency based on 6 encryption algorithms which only support CPU mining. Quarkchain is capable of supporting vertical storage expansion, trans-chain and trans-partition trading, and therefore likely to achieve “a million trades through chain”. The chain is available on 4 exchanges with a global price of USD0.0129 on average, slightly down by 1.34%. According to the roadmap, version 2.0 of validation code and version 1.0 tested network and wallet will be available in Q2 this year. Zhou Qi was an engineer in Facebook and Google with proficiency in high-performance and large-scale distributive system and over 15-year experience in software development.
[Representative of Korea: the first Dapp will be available online this June ] Mandy, Representative of Korea, gave a keynote speech on data smart contract at the South Korea TokenSky Blockchain Conference. She believed that data will become a star in the next-generation of capital market. And to capitalize the data, we should first confirm rights and prices to provide protection and ensure a sole transfer. But so far the cost for centralized right affirmation mechanism is too high to be applicable to big data. Scry.info is a block chain-based platform for quantitative data exchanging and trading. It has a double-chain base level structure which stores data of different types to raise transmission speed. She said TPS can reach 1800 without a mining machine. The roadmap suggests that Scry will finish protocol-level test in Q1 and make protocol level available online in Q2, during which double chain test and the first Dapp’s promotion (to be announced in June with follow-up details) will also be finished. Double-chain base level will be made available in 2019. The present global price of DDD is USD0.195 on average, slightly down by 1.41%.
[Representative of BCD Republic of Korea Community: Social media followers across the globe has exceeded 800,000] CHOIRNCHUL, the representative of Bitcoin Diamond (BCD) Republic Korea Community talked about the current status and future plans of BCD at the TokenSky Blockchain Conference today. At present, BCD mainly focuses on five aspects: launching main chains, wallets, forums, mining pools and BCD Electrum. According to data cited by him, there are more than 800,000 social media followers of BCD across the globe and over 200 media news reports. According to its roadmap, the main chain encryption will be completed in the second quarter of 2018, and the BCD application ecosystem will be built in the first quarter of 2019. By 2020, the BTC vision will be achieved and even surpassed. Yang Linke, the founder of BCD had announced on the Weibo.com the 2018 BCD work plan: 1. The focus of this month's work is to make all exchanges in China as open as possible. 2. The developer of the Foundation are working on encryption for privacy step by step which is expected to launch in the third quarter. 3. BCD is contacting overseas businesses or third-party payment enterprises to support BCD payment. Prior to this, BCD announced that it had reached cooperation with BFC. At present, BCD has been listed in 22 exchanges, including Biance, OKEx, ZB, and Huobi.pro. The current global average price is US$13.21, up by 2.77%.
[Founder of LinkEye: block chain markets are unlikely to rise or fall as a whole, but will diverge in 2018] At the South Korea TokenSky Blockchain Conference, Xu Lei, founder of LinkEye, predicted that unlike in 2017, block chain markets will find it hard to rise or fall as a whole, but will diverge in 2018. He cited data which shows daily debit and credit trades were 50 million on average throughout Asia in 2017; the cost of black name list checking was USD0.2 per time, suggesting a blue sea for credit reporting market. LinkEye will build a shared block chain-based credit reporting platform and introduce mechanisms of black name list (mask plus signature), settle-in of alliance members, credit system for members, information sharing, smart pricing, open whole-website search port, etc. According to the previously published reports, LinkEye has announced its cooperation with multiple domestic debit and credit platform and subsequent collaboration with financial institutions in Southeast Asia and Europe to build a credit reporting alliance chain. The White Paper indicates that LinkEye is at the second stage of action, the white name list stage, which will finish in December 2018. The third stage is making a company black name list and the fourth stage is expanding the credit and debit system to all walks of life. LET are now available on Huobi Pro and KKCoin with a global average cost of USD0.0374, up by 1.29%.
[CEO of We Are Chain: strategic cooperation and contracts signing with multiple local governments] At the South Korea TokenSky Blockchain Conference, Zheng Yu, CEO of We Are Chain (WAC) mentioned the applications of real name registration and traceability. He encouraged the audience to use “distributive accounting” instead of stressing center when describing the characteristics of block chain. He believe the optimal application scenario of real name registration is e-commerce. Traceability system should give everyone access to the chain in a convenient and instant manner, to raise credibility. He thought connectivity can be achieved in trans-chain connection and “buy one get one at a discount” scenarios. He told that WAC has achieved strategic cooperation and contracts signing with multiple local governments. WAC focuses on e-commerce and has promoted its third-generation product of hash rate box, internal chip mining machine, to use Media Go block chain e-commerce as a channer for users. According to the previously published roadmap, the box will cooperate with HNA GROUP in the first stage to build a “enterprise-level electronic wallet” and “multi-matching system”; it will cooperate with EVERBRIGHT Group to build a traceability system; and it will build block chain laboratory with Beijing University of Posts and Telecommunications to design the algorithm of 5G-era “mobile minng”. WAC has one produced OEX and Australian U Net so far, with a global average price of USD0.0132, down by 4.04%. Zheng Yu has 15 years’ experience in brand promotion and marketing and is vice president of E-Commerce Section of North America Blockchain Association. Last year, WAC and Beijing University of Posts and Telecommunications established the first block chain laboratory in Chinese university.
[Bill Deng, founder of AlphaCar: reshaping the public chain of the automotive industry ecosystem] Deng Gang, founder and executive director of AlphaCar Chain talked about the current automotive industry at the TokenSky Blockchain Conference in South Korea today. The data cited by him have shown that 80 million cars are produced each year with inventory of 1.2 billion and market value of 10 trillion US dollars. AlphaCar couples big data analysis, artificial intelligence, and car networking technologies with blockchains to improve the automotive aftermarket and strengthen vehicle management, such as providing personalized car insurance, vehicle maintenance, and auto trading, to reshape the public chain of the automotive industry ecology. According to its road map, the AlphaCar will issue ACAR tokens to be listed in exchanges, and launch the testing version in the third quarter. According to Bishijie (bishijie.com), ACAR currently does not accept “certified purchasers from China, the United States, Cuba, and North Korea.” Bill Deng was the former CIO of GAC Fiat, Chery Automobile, and Fosun Group. He is also a student of Vernon Smith who was awarded the Nobel Prize in Economic Science.
[Co-founder of IPChain: The three elements of IP economy are commercialization, capitalization, and application] Wu Ge, the co-founder of IPChain delivered a keynote speech at the TokenSky Blockchain Conference in South Korea. He said that human society has entered the era of IP economy whose three elements include the commercialization, capitalization, and application of intellectual products, and the core value of the IP chain revolves around these three elements. In January of this year, IPChain launched the public chain and announced that it would have a major asset restructuring with Thailand's WIN GC Group. The former Prime Minister of Thailand would be the COO. According to him, IPChain will build the IP Cloud Platform in the second quarter. The current global average price of IPC is US$0.67, up by 7.44%. Four exchanges, including CoinEgg, have been launched.
Liu Xiaoying, founding partner of Eagles Fund: ten indicators of White Papers and Project Evaluation] At the “Star Show” parallel session of the South Korea TokenSky Blockchain Conference, Liu Xiaoying, founding partner of Eagles Fund demonstrated ten indicators of White Papers and Project Evaluation, including prudence of contents, design of Token, community economic plans, the amount of Token, pricing and appropriateness of distribution. He pointed out that block chain projects are growing rapidly from emergence to being traded in exchanges, within a time period ranging from 3 months to 1 year. These projects require exceptional comprehensive ability of a team and are financed at a high speed. This seriously challenges human nature and requires traditional investors to make hard efforts to learn.
[Founder of FinTech4Good: 30% of operation costs put in trust-building] At the South Korea TokenSky Blockchain Conference, Zhang Xiaochen, founder of FinTech4Good mentioned the cost of trust. He believed that systemic breakdown is caused by operation suspension with overly high costs, and 30% of operation costs are put in trust-building. FinTech4Good focuses on block chain technology, big data and AI. It associates with start-ups, NPOs and investors to develop and implement related resolutions. So far, two block chain projects, Swarm and Family Points, have been incubated. Zhang Xiaochen used to serve the World Bank, the United Nations, Germany TÜV, The University of Virginia, Peking University, etc.
[Achain showed up at the TokenSky Conference with determination to become a DAPP cultivator] On March 14 morning, Eric, founder of the public block chain platform Achain, showed up surprisingly at the TokenSky Conference and shared his thoughts and actions of striving to become a DAPP cultivator. Achain believed DAPP of multiple forms will emerge rapidly in 2018. Being one of the public chains in the industry, Achain needs to adjust promptly to meet the industry’s demands. To become a leading public chain, apart from the fore-mentioned divergence and integration services, Achain will also provide scenario-based technological supportive plans and a complete BaaS service system for DAPP. Achain is committed to providing the initial-level block chain technology and service to help developers build block chain application and provide specific solutions, thus promoting deep integration of the technology and industries.
[The first distributed risk hedging blockchain introduces risk from traditional option hedging digital currency] Cai Liangbin, dubbed the “raptor,” the founder and CEO of FOTA made a keynote speech on OTC derivatives at the TokenSky Blockchain Conference in South Korea today. He cited data by saying that the global OTC derivatives market was 430 trillion U.S. dollars in 2016, and China’s GDP of that year was only 11 trillion U.S. dollars, which is 2% of the former amount. He talked about the four basic elements of a mature financial market: 1. High proportion of institutional investment; 2. Open market to overseas countries; 3. Large base securities market; 4. Abundant derivatives tools. At present, there are only 48 kinds of exchanged-traded derivatives in China, which cannot meet the strong demand. The OTC derivatives market naturally adapts to the blockchain technology system, which can help to establish trust among counterparties, reduce costs, and improve the efficiency from blending to liquidation. FOTA plans to create a risk hedge blockchain, which is mainly applied to global stocks, commodities, foreign exchange, interest rates, etc., and announces the cooperation with QTUM, NEO and Node Capital. The FOTA currently has four exchanges including CoinEgg with the current global average price of 0.0519 US dollars, a slight increase by 0.38%. According to its roadmap, the test chain will be launched in the first quarter. Sources have shown that FOTA will also launch European options, American options, etc. to hedge against currency risk. Cai Liangbin graduated from the Department of Computer Science at Yale University. At the age of 26, he served as a deputy departmental cadre. Before his resignation, he served as the general manager of the Private Banking Department of Zhejiang Branch of the Bank of Communications and had a management asset of over 30 billion yuan.
[Nick Ning Yang from LeBox Capital foresees a bad future for bitcoin and believes digitalized Renminbi is the mainstream international settlement] Nick Ning Yang, founding partner of LeBox Capital and angel investor, expressed his views on block chain revolution at the South Korea TokenSky Blockchain Conference. He held that there’s a time gap between technology invention and universal application, and block chain is developed based on internet. He thought internet oligarchs are monopolizing trades, communication and information; whereas the biggest asset and power of internet is data, leading to the limited choices of internet market players of either exit or turn to BATJ. Block chain has therefore brought the second internet revolution. Block chain is not only a data structure and storage means, but also a mindset. Consensus mechanism is the original impetus for block chain era, and the application of block chain is the fundamental of all. He was frank about foreseeing a bad future for bitcoin and believes digitalized Renminbi is the mainstream international settlement. LeBox Capital focuses on investing in culture and entertainment, S&T, etc., with previous investments including Fun.TV, Slightech, EHANG Tech, etc. Ning Yang co-founded and chairs the China Young Angel Investor Leader Association with Xiaoping Xu from ZhenFund.
[Founder of TopChain: Games will be launched from April] Jiao Guangming, the founder of TopChain, made a keynote speech about the blockchain game at the TokenSky Blockchain Conference held in South Korea today. He said that channels in the game industry took away most of the profits. Game makers can only get 20-30% profit. However, TopChain is based on the model of “blockchain+game”, where the player community, TopChain consensus, and TopChain mining are combined to reduce barriers across games, regions, chains and platforms so as to fight against the monopoly in the gaming industry, remove the center and channels; The values respected by TopChain are also trinity-like which include research and development value, player value and platform value. According to him, games will be launched in the TopChain platform step by step from April. TOPC currently possesses Huobi.pro, OKEx and ZB Exchanges with an average price of US$0.0262 and the list rate of 15.76%. As a founder of the TopChain, Jiao Guangming won the title of “2017 Advanced Individual in China Blockchain Industry.” He also served as CEO of Top Fun and head of TOP Chess Intelligence Game Alliance.
Bu Youjun, founder Insurance Chain intends to change the current situation of insurance industry through block chain technology. Insurance Chain will devote full effort to entering secondary market of block chain.
[Korean government adopts virtual currency for the first time through cooperation with Glosfer] Tae-won Kim, CEO of Glosfer Block Chain Company, mentioned at the South Korea TokenSky Blockchain Conference that Glosfer will cooperate with local governments in Korea in building a public chain and constructing a regional currency system in Nowon-Gu, Seoul, to achieve the combination of social and economic values. It marks the first time Korean local government introduces cryptocurrency. He also pointed out that local governments and central bank are all very supportive of the application of block chain, thus encouraging enterprises to establish test fields in Korea. He also introduced three key elements of Glosfer’s INFINTY programme: the cryptocurrency HYCON, INFINITY platform and decentralized exchange.
[South Korean Lawyer: The Virtual Currency Regulation in South Korea Is Almost a Blank] Today, in the “Seoul Consensus” Roundtable at the Tokensky BlockChain Conference held in South Korea, TONG-KUK LEE, partner of Dongln Law Group, one of the top ten law firms in the country, shares his views on the regulation of digital currency in South Korea. He addresses that relevant regulation by the government is almost a blank. The legal framework such as the existing laws in transaction information, according to him, can be amended to be adapted to the supervision of digital currency. He predicts that the South Korean government may revise the laws of KOMN and KOAC to strengthen regulation.
[MOLD Co-founder: Immersive game will become the second world] Shunsuke Yoda, the co-founder and CTO of MOLD, the distributed game platform talked about the dream of gamers— “Play games as a job” at the TokenSky Blockchain Conference held in South Korea. In the future, the game will no longer be a virtual world. With the development of new technologies, immersive games will become the second world, which can be difficult for people to distinguish from the real world. MOLD attempts to transfer the game props held by the game operator to the individual player's possession and management in the form of encrypted tokens for free trading. The wallet in the MOLD system combines the functions of managing assets and grouping; MOLDEX is a built-in trading market. Shunsuke Yoda also proposed a "small goal"— 1,000 games will be launched before 2020. MOLD had announced that it would cooperate with FirstBlood to develop an e-sports platform. According to its official website, the pre-sale has ended and the platform has not yet been put on the exchange.
[Kcash founder: Korean version was officially issued to enter the Korean market] Zhu Xuejiao, the founder of Kcash which is known as “Future Alipay,” made a keynote speech on “why do you need digital currency wallet?” today at the TokenSky Blockchain Conference in South Korea, and announced the formal entry to South Korean market. He mentioned that according to the Koreanclick survey, the total number of users of digital currency services in South Korea reached 5.09 million. The global digital currency fever continues to rise., while theft, fraud, and other behaviors in the trade have exposed the problem of large technical and financial bubbles in the industry. Therefore, the security of digital currency asset management is particularly important. The wallet should allow users to truly “own” the digital currency, not just a voucher or IOU. Kcash is a not only multi-chain wallet that supports more than 60 digital currencies such as BTC, BCH, ETH (ERC20), ETC, LTC, and ACT, but also a digital asset management tool that cooperates with other teams to do quantitative management and provide value-added services. It is reported that Kcash has got the investment from INBlockchain and Sequoia Capital, and the number of its users has reached over 100,000. According to the introduction of Zhu Xuejiao, Kcash will focus on financial landfall in 2018, provide financial services and loan services, launch Kchain public chain, and achieve over 10 applications with each having more than 30 million users. Kcash only launched OKEx Exchange, and the global average price is 0.0976 US dollars, up by 3.42%. Zhu Xuejiao is the co-founder of YardWallet, also a type of HD wallet.
[Jin Hui, CEO of ShineChain Foundation: Blockchain will help solve the five major problems in the insurance Industry— price, trust, privacy, deception and inflation] Jin Hui, CEO of Shine Chain Foundation made a keynote speech on “Using Blockchain to Innovate Operational Mechanism” at the TokenSky Blockchain Conference in South Korea today. He mentioned the five major problems in the insurance Industry, namely, high price, high cost of trust, insufficient privacy, deception and inflation. Blockchain technology can provide solutions to solve these problems. ShineChain uses blockchain technology to speed up information transfer between related industries such as property insurance, life insurance, mutual insurance, and reduce data circulation costs in the insurance industry. SHE currently has six exchanges, including HADAX, and the current global average price is US$0.0125, down by 5.61%. According to its white paper, it will start testing in the second quarter, connect with the public chain in the third quarter, and realize the transfer of the public chain at the end of the year. The main products are “ATS” (aircraft, trains, ships) long-life personal insurance, third-party auto insurance, and mutual insurance of major diseases. Jin Hui used to be the general manager of the sales department of Beijing Branch of China Life Insurance, the chairman of Huijin Tongbao, the chairman and president of Sunshine Mutual Protection Agency Co., Ltd., and the CEO of Weiyun Baobei Network Technology Co., Ltd.. He has been working in the field of insurance and mutual security for 22 years.
[Triangular hosts entering Korean market in March 16] Ke Wang, co-founder of Triangle Technology (HK), gave a keynote speech on “Acute Angle Cloud, Today and Beyond” at the South Korea TokenSky Blockchain Conference. She predicts that cloud service providers will be divided into two types: centralized and decentralized, to meet different customer needs. Acute Angle Cloud will develop a IaaS platform with core products being triangular hosts, Acute Angle Chain and IPFS (InterPlanetary File System), to become a global distributive cloud computing basic service platform similar to Alibaba Cloud, Amazon Drive, etc. AAC plans to introduce more customer users to share spare resources and cut down costs. AAC have provided exchanges including OKEx and Huobi HADAX, with the global average price being USD0.1385, slightly down by 0.95%. It is said that the first triangular hosts of block chain computer developed by AAC will enter Korean market on March 16. The hosts with Window 10 operation system have seen 20 thousand sales in 19 minutes. Ke Wang said AAC is exploring markets in Japan, Southeastern Asian and the United States and planning to locate their cloud computing center in Seattle and build branches. Ke Wang is now in charge of marketing and has taken technological managerial positions in multiple listed companies including Foxconn.
【Founder of i-house: Incorporating Assets in the Blockchain Will Be This Year’s Hot Issue】In today’s Tokensky Blockchain Conference held in South Korea, Wu Youping, former senior Chief Business Officer (CBO) at Yahoo’s Greater China department and founder of i-house (IHT), says that he believes incorporating assets in the blockchain will be this year’s hot issue and many blockchain projects are accelerating the incorporation of assets. He indicates that the real estate market value reaches up to 20 trillion USD and therefore is greatly suitable for the application of blockchain technology. i-house uses smart contracts to split and distribute real estate of large volumes to financial organizations, and allows its users to invest in and benefit from the real estate with shoestring investment. At present, IHT has launched OEX and Kucoin, with a global average price of 0.0918 USD, which is 3.66% lower than before. In accordance to its white paper, the products are now in the phase of open beta and will be officially released in the second quarter. Wu is also the co-founder of iClick, a NASDAQ-listed company.
[Co-founder of CoinMeet: CoinMeet now has 3.5 million registered users with 100 thousand daily active users] At the South Korea TokenSky Blockchain Conference, Li Ming (Alan Lee) gave his views on human community collaboration by making an analogy with the “co-existence” phenomenon in nature. He believed that modern business community lacks collaboration, for which he built CoinMeet, an asset management and social platform, to develop a strong-account system with strong account, circulation and application. He said CoinMeet now has 3.5 million registered users with 100 thousand daily active users and over 5000 high-quality communities including Huobi. Game Dapp will be available on the platform this month. CoinMeet will adopt crypto-communication, biological recognition technology and trans-chain technology to create a “WeChat of chain circle”. CoinMeet has received investment from BlockVC, NODE Capital, Collinstar Capital. etc. CoinMeet has provided 5 exchanges including Huobi Pro with the global average price being USD 0.047, up by 7.35%. According to its White Paper, CoinMeet will carry out open test this month, biological module test this June and trans-chain test this September.
Kiyoko Kato pointed out at the South Korea TokenSky Blockchain Conference that cosplay has a promising market. CURE being the largest cosplay platform around the globe will establish a cosplay certification system.
[Korea Government's Attitude: Preventing Illicit and Speculative Behaviors; Strongly Supporting Blockchain] PARK IN DONG, lawyer from One of South Korea's oldest law firms, KIM & CHANG made a keynote speech on “South Korea's regulatory situation and future trends of virtual currency” at the TokenSky Blockchain Conference in South Korea today. He talked about the South Korean government's attitude towards blockchain and virtual currency, and summarized it as follows: to illegal activities of digital currency, prevent speculation, and strongly support blockchain technology. The South Korean government also sees the blockchain as the basic technology for the fourth industrial revolution. At present, there is no national legislation on the supervision of digital currency, and only provisional regulations and administrative decrees have been formulated by government bodies such as the legal department and the financial committee. Later, PARK IN DONG compared the regulatory framework of Japan and that of the United States: Japan now believes that digital currencies have asset value, and can be exchanged with the legal currency; register methods are in place for operators, and tax on digital currencies will also be imposed (corporate tax, capital gains tax, etc.). Capital gains tax in the United States is also levied, and U.S. Securities and Exchange Commission is strengthening supervision. He believes that there are two priorities for supervision at the moment. First, National Taxation Department of South Korea does not have a clear statement about whether taxation should be carried out or not. Second, it is still unclear whether foreign exchange payments for virtual currencies will be regulated by existing laws or new ones. In the end, he predicted that South Korea’s supervision for digital currency has the following developments: 1. The provisional formulation of the government cannot meet the demand, and it must pass legislation by National Assembly to achieve stable and sustainable law enforcement; 2. Strengthen the research on supervision to decide which system should South Korea learn from— Japan’s reporting system or the United States’ examination and approval system. 3. Different parties have different legislative proposals about whether to amend existing laws or establish new ones.
Speaker from Traceability Chain: block chain can't be modified] At the roundtable of the South Korea TokenSky Blockchain Conference, founder of Traceability Chain said we should allow more people to use Token to challenge the entity and the reality in the process.
At the South Korea TokenSky Blockchain Conference, Han Yining mentioned that we should develop advanced technology and new blockchain ecosystem.
At the roundtable of the South Korea TokenSky Blockchain Conference held today, founder Lin Daliang pointed out that public chain has evolved into the next stage with its foundation established. Truechain is a public chain designed for industries.
Ling Fengqi held that secondary markets should be given top priority. It is important to re-order secondary markets and reconstruct their systems to develop good industry awareness.
[Dong Yang: Bitcoin is also Crowdfunding] Prof. Dong Yang, Director of FinTech and Internet Security Research Center, Deputy Dean of Law School of Renmin University of China, recently said at the TokenSky Blockchain Conference in South Korea that crowdfunding is the second greatest invention of system in human history with more trace of cash than stock since tokens could be produced in this process. He believes that Bitcoin is also crowdfunding; crowdfunding is not about decentralization and the center cannot be eliminated. It should be called “point to point.” He said that he was one of the first batch of people who knew that the central bank would ban digital currency exchanges. He believes that the logic behind this prohibition lies in the fact that its innovation momentum is too strong to be supervised, resulting in bad money expelling good money and damaging investors' interests. Therefore, in addition to the tightening of government supervision, he also called for the industry to strengthen self-regulation.
Peng Zongxin pointed out that the high market value of cryptocurrency has even greater headroom, for it has become a global trend that numerous companies are entering blockchain business.
[The Prime Minister of Luxembourg stressed adaptation to virtual currency for the development of Luxembourg] At the “Seoul Consensus” roundtable of the TokenSky Blockchain Conference held in South Korea today, Emilie Allaert, Head of Operations and Projects at The LHoFT Foundation, Luxembourg, gave her views on cryptocurrency, saying that the Prime Minister of Luxembourg stressed adaptation to and co-existence with virtual currency that currently, only Japan and the U.S. have officially licensed exchanges, whereas the two exchanges in Luxembourg have are still unlicensed. She believed the government should determine whether tokens are “utility token” and which law framework will be applicable so as to protect the equity of investors. The LHoFT Foundation is a half-public half-private department, partners of which include the EU and local financial institutions, contributing to the innovative progress of financial sector in Luxembourg with current focus on ICO, blockchain, etc.
At the “Seoul Consensus” roundtable of the TokenSky Blockchain Conference held in South Korea today, Li Yihuan, founder of Sopay programme, pointed out that Sopay will complete the alpha version of its product prototype and system design in 2018, and the beta version will introduce core application development partners and register a million of members in April to be testers on mobile phones.
[Dong Yang: China, Japan and South Korea gradually lead the world in the field of blockchain] Prof. Dong Yang, Director of FinTech and Internet Security Research Center, Deputy Dean of Law School of Renmin University of China stated that China, South Korea and Japan has been gradually leading the world in the field of blockchain at the "Seoul Consensus" Roundtable Meeting at the TokenSky Blockchain Conference in Korea. He believes that the three countries can maintain their leading positions mainly in three areas: supervision, industry self-discipline and protection for investors. He mentioned that only a very few countries such as Japan and Switzerland had introduced laws for the regulation of digital currency, and that the protection for investors should be highlighted. Prof. Yang had repeatedly called for establishing the education fund of the protection for digital-currency investors.
[AM&T Partner Akira Moriwaki: “a two-pronged approach” of government supervision and self-regulation] Akira Moriwaki, the partner of AM&T, a senior international business law firm in Japan, shared his views on the currency regulation in Japan at the "Seoul Consensus" Roundtable at the TokenSky Blockchain Conference in Korea. He said that the virtual currency agents should register, and Japan has gradually become the country with the largest number of digital currency transactions in the world since it revised the “Asset Settlement Scheme” in April last year and legalized digital currencies. The theft of Coincheck led to widespread public and government concerns about the security of the exchanges. The government strengthened supervision and conducted field inspections. The exchanges also established self-regulatory organizations to conduct self-monitoring and a two-pronged approach. Founded in 1950, AM&T specializes in international legal affairs and international financial transactions such as securities issuance and cross-border investment. Akira Moriwaki is the chief representative of AM&T in Shanghai.
[CEO of Top Fun: Top Fun Club will be upgraded to “Blockchain Game Alliance”] Wang Zishang, CEO of Top Fun (835872) at the TokenSky Blockchain Conference in South Korea today talked about her understanding of the blockchain spirit and called for reaching “Seoul Consensus.” She also announced that she would take advantages of Top Fun in the field of pan-gaming to upgrade the “Top Fun Club” to the “Blockchain Game Alliance.” She mentioned that half of their employees are distributed throughout the world and thus Top Fun has the distributed management concepts and methods. It is reported that Wang Zishang intends to issue digital currency BO for her book Cloud Management 3.0 to encourage original authors in the field of blockchain. Cloud Management 3.0 will be completed in a distributed and self-organized way by countless people who champion the blockchain.
[Member of the National Assembly of South Korea: Blockchain has surpassed digital currency] KWON CHIL SEUNG, Member of the 20th National Assembly of South Korea shared his views and predictions on the 2018 TokenSky Blockchain Conference in South Korea today. He believes that since the blockchain is a very professional technology, it is difficult to accurately understand its technical aspect; but it has attracted much attention because it cannot be faked. He said that the blockchain has now surpassed digital currency and become an important means of establishing a complete database. It is a completely different Internet service. He stated that he, as a politician, believes that the blockchain can be used for elections to facilitate this process so as to achieve the popular sovereignty. Previously, the Korean government’s attitude towards the regulation of digital currency had been ambiguous and the introduction of policies had not been fully implemented. However, it had explicitly stated that digital currency transactions would not be banned, and that it would issue policies to legalize the exchange of digital currency in the near future. There are even rumors that restrictions on ICO will be lifted. KWON CHIL SEUNG is currently a member of the trade, industry, energy, SME and entrepreneurship commission of National Assembly of South Korea. He is also the vice chairman of the KDP’s Policy Committee.