Blockchain Global Limited CEO Sam Lee Attended CBNData Fiesta in Beijing

On December 20, 2017, Sam presented how blockchain can contribute to the construction of smart city and what does technology mean to modern business at the CBNData Fiesta hosted by CBN (Chinese Business Network) in Beijing.

Sam Lee in CBNData“The core significance of blockchain technology to the industry ecology lies in building a” new generation of decentralized trust system “, which removes the centrality of people and organizations in the traditional trust system. It will bring more trust, transparency, efficiency of the social operation mechanism.

Sam said that: “Blockchain will start a brand-new revolution of data application. The technology is going to accelerate industrial development and promote the construction of a data-driven society. As one of the largest investment companies in blockchain industry, Blockchain Global will strive to create a well-rounded ecosystem of blockchain.”

Modern business relies more on rapid analysis of massive amounts of data to improve efficiency, thus saving on operating costs and providing better user experience. Comparing with businesses that focus on data collection to optimise analysis performance, Blockchain Global concentrates on the quality of the data to achieve the same goal.

Sam said: “A large number of decision-makings around the world are required to be made within limited time. As a disruptive tool, blockchain can accelerate the speed of decision-making and increase the level of analysis accuracy through the provision of solid evidences for data is collected.”

Blockchain technology enhances the reliability and security of big data. In order to provide more information regards to the potential of blockchain, Sam Lee recalled one of the use cases called Power Ledger.

Power LedgerPower Ledger is a distributed energy sharing program based on blockchain technology, in partnership with the Australian government.

In Australia, there are many houses that have equipped solar panels with smart controls. Power Ledger uses blockchain technology to build a peer-to-peer power trading platform, where neighbours can trade their unused powers with each other, without going through intermediaries.

Blockchain technology has opened the door for people to trade electricity. Regulators are also looking to embrace blockchain to enhance efficiency. The Chinese government also thinks blockchain is one of the futuristic technologies.” Sam concludes.

 

Switzerland Nestlé Delegation Visited Blockchain Centre Shanghai with Blockchain Global CEO Sam Lee

On the morning of the 29th November, Nestlé’s management delegation from the Swiss headquarters held a conference with Sam Lee, CEO of Blockchain Global, and Kevin Li and Thilon Ma from NEM China to discuss the application of the blockchain in food safety and supply chain area.

Blockchain: Witness the High Quality of Coffee in Digital Form

“Good coffee cannot be brewed without good coffee beans, and good coffee beans cannot be produced without the appropriate soil and an efficient production process.” Blockchain can guarantee good coffee production.

Sam believes that transparency of the supply chain channel can enhance a company’s brand reputation in the market. The Nestlé delegation agrees with this statement and expresses their interest in using blockchain technology to fulfil this purpose.

Blockchain is a highly secure information storage and exchange technology. A unique feature of blockchain is that the data recorded in the distributed ledger is very hard to change so we can depend on it to trade valuable goods and messages.

Bitcoin is the earliest application of blockchain that changes people’s understanding of value distribution. Even without the involvement of banks and governments, blockchain can still prove its value and significance.

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Stepping into the Blockchain Industry

Sam shared his story on how to start his business in relation to blockchain technology.

After graduating in 2010 from university, Sam unintentionally bought some bitcoins, and he found the price of Bitcoin kept rising. However, he also realised that if bitcoin usages decreased, the price would decline along with it. Later, he founded Australia’s first blockchain company in 2013 and devoted a high level of attention to the development of this technology.

The blockchain network is secure and stable because data and algorithm will verify the authenticity of all transactions. This is a distributed network where everyone can participate. Everyone can be rewarded for mining bitcoins, and therefore there is an invisible competition among all the miners. The total amount of bitcoin is 21 million, and this number halves every four years. When there is no bitcoin in the network anymore, the entire system will tend to reach a balance. At that time, the transaction fee will be the only source of reward for miners to keep the network functional.

We communicate with the Australian government to demonstrate this technology is beneficial to Australia’s economy. Through the joint efforts of both of us, Australia becomes the first country to have Initial Coin Offering(ICO) legalized in the world. Blockchain Global Limited (BGL) has knowledge and experience in commercialising blockchain technology, which can be applied to the operation process of organisations to increase efficiency and reduce overhead costs. ” Sam made a strong statement to Nestlé’s delegation regarding the capabilities of the Blockchain Global.

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Popularise Blockchain Knowledge As A Believer

Although Blockchain Global is on a stable developing path, the most exciting thing for Sam is the Blockchain Centre, one of the earliest not-for-profit community dedicated to spreading blockchain knowledge. Unlike most of the other blockchain companies in the world, the objective of Blockchain Centre is to help governments and communities to truly understand this technology.

We put a lot of resources in education, team-building and holding community activities. We establish a series of popular workshops to educate people what Bitcoin is, what blockchain is, how blockchain technology can be applied and how to work out principles of cooperation in this industry. This way, when they join the blockchain industry, they can handle business operations more smoothly.” said Sam

At the Blockchain Centre Headquarter, there will be average three events every week, attracting over 400 participants in total. A weekly seminar will be held on each Wednesday with more than 100 attendees each week. The Nestlé delegation greatly appreciated these community activities and had further communications with Sam regarding these social efforts.

Sam said: “It is our social responsibility to help the community and the ecosystem to grow. Blockchain will be relevant to everyone in the coming future, so we should get to know this technology and participate in the distributed network. ”

Nestlé And Blockchain

One of the Nestles delegation commented: “Apart from Australia, I believe Switzerland is also a friendly environment for blockchain development. ”

Yes, like Australia, Switzerland is a country of freedom and blockchain can serve as an effective way to capture new forms of digital value,” Sam replied, “In the past, newspapers controlled the distribution of information, which was a centralised model. Today, anyone can rely on the internet to share and receive any information. However, the quality and authenticity of the information may not be reliable. Therefore, trust is of great significance.”

What Nestlé is doing now is to create a global blockchain trust network in the coffee industry. Nestlé should act as a leader to use the blockchain trust platform in the industry to help more consumers select high-quality coffee.

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Tracking the Source of Food

NEM China used food traceability as an essential case to demonstrate the application of blockchain.

Someday in the future, consumers will be able to purchase coffee in a quick, safe and cost-effective manner, They can also get access to the supply information of the selected coffee including details of each link of the supply chain. Applying blockchain to enhance supply chain information traceability will help Nestlé gain greater credibility in the coffee market.

Finally, the Nestlé delegation thanked Sam for his hospitality. They said this discussion would help them better understand the blockchain technology and its significance to the coffee industry.

Quoting Sam’s words to close the session: “More and more people are joining the Blockchain Centre. With our resources and government’s support, Blockchain Centre can hold a dozen activities every month. I believe Blockchain Centre is ready to play an essential role in the development of blockchain industry in the future.”

‘Blockchain +’: Professional Experts Talk About How The New Technology Will Radically Change Traditional Industries

In 2017, the word ‘blockchain’ appears more frequently on our screens. However, most people still know very little about what blockchain really is and what it can achieve apart from serving as a supportive technology of Bitcoin.

Blockchain has successfully been applied to various business areas such as the Internet of Things, finance, the Internet of Energy, notarization, smart city construction, sharing economy and supply chain management etc. It accelerates the digitization process of society and starts a brand new stage of technological innovation and industrial revolution.

On 25th November, Blockchain Centre and Zhangjiang Incubator held a knowledge sharing session called “Blockchain +” in Shanghai. The two speakers of the event were Miss Xiaomin Wang, General Manager of the DECENT company in China region and Tamar Menteshashvili, the founder of blockchain centre in Shanghai Jiao Tong University. More than 100 people attended and had a discussion with the speakers regarding the prospect of blockchain use cases in various industries.

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Xiaomin Wang — Blockchain + Content Distribution

  • The creators around the world are losing their control over their intellectual property.

Take musicians for example, 12,000 downloads of one of their songs on iTunes brings them only less than 150 CDs worth of profits. The number indicates the huge gap on profit distribution between creators and content distribution platforms.  

For example, if someone purchases a song from iTunes at a price of $0.99, the musician might only have $0.09 in the pocket eventually.

However, blockchain could be a solution to this dilemma.

  • Blockchain distributed network can be used to help creator to establish a P2P trading platform.

With the help of blockchain distributed network, the creators can trade with customers directly without involving any intermediaries. All the income will belong to the creators themselves and they will have the right to set the price on their intellectual creations.

  • Blockchain can allow the payment to arrive instantly.

In the past, it takes at least one month to transfer the monetary benefit of the copyright from the dealer to the creator. Now with the help of blockchain, once the song has been downloaded on the distributed network, creators can receive the full amount of payment within 5 seconds.

  • Blockchain can smartly distribute the profit.

If you’re a member of a band instead of a creator, you can still set up your own ledger account on a distributed network to receive the profit based on an agreement of a profit distribution rate. When someone purchases a song, the payment will be automatically distributed to every member’s account, which improves the payment efficiency.

  • Blockchain can improve advertising

She shared a thought about a mechanism on tokens rewards for advertisement campaigns. The viewer can receive a certain amount of token each time they watch an ad. These tokens can be used as vouchers to stimulate consumption of the product which could effectively convert the commercial exposure to consumptions.

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Tamar Menteshashvili—Blockchain + Finance/Government

Even though Blockchain is still in the infant period of the technology lifecycle, Tamar claimed that she has great confidence in the potential of the blockchain development. She gave a detailed speech regarding how the blockchain will be used in the financial and public areas in the future.

When it comes to finance, Tamar stated that the blockchain will absolutely lead to a revolution, and every financial institution will be impacted.

  • What can blockchain technology do for financial institutions?

Tamar mentions that cross-border transfers require a lot of formalities in most of the current bank systems. Acquiring blockchain technology can accelerate the transfer speed as fast as we scan payment code. It will also become more transparent and trustworthy.

Citibank recently began to use blockchain technology in transfers and Visa, saying it was a successful attempt to change the traditional financial enterprise.

Tamar has decided to cooperate with Caribbean countries, where their exchange rates are very volatile with very low exchange rate. By adopting the technology, these countries’ banks can share and exchange information with each other, accelerate the speed of money transference and increase currency circulation rate. As a result, their monetary conditions can be stabilised.

Lastly, Tamar noted that blockchain provides the possibility of rebuilding the economic model. Nevertheless, she warned that even though traditional financial institutions may try to adopt blockchain into part of their business, more communication and cooperation among other participants like regulators are still necessary to cultivate the innovation of distributed ledger.

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Blockchain – Reshaping the Role of government

In this section, Tamar mainly presented the potential impact of blockchain on three major aspects: G2C, G2G, G2V.

  • G2C (Government to Citizen)

Blockchain technology could be used in electronic voting, patient’s electronic health records (EHR) and digital property title to increase safety.

  • G2G (Government to Government)

Blockchain can provide the possibility for efficient information sharing between governments in business processing. For example, more time can be freed from formality communication in the deployment of goods and labours while doing international trading.

  • G2V (Government to Supplier)

In international logistics, the custom agencies around the world can reduce the delay of recognition, making international logistics faster.

In the end, Tamar also stated that the strategic adoption of blockchain will definitely become a competitive advantage for all countries because choosing to adopt blockchain will transform the government’s business model and process, and redefine stakeholders and their roles. For blockchain to fully achieve its potential,  it must be supported by national regulators to create an innovation-friendly environment for this technology to thrive.

Blockchain Centre Finds New Home in Melbourne

Digital asset giant Blockchain’s continuous rise on global markets has been further illustrated locally, as it relocated its Melbourne Blockchain Centre to a larger headquarters on City Rd last month.

Originally establishing its centre on the second floor of 89-91 City Rd in 2015, the digitised and decentralised cryptocurrency specialist took over the former offices of Probuild, having outgrown its previous space.

As a statement of its intentions to engage further with the local community in Southbank and the broader community of Melbourne, the team at Blockchain has already started giving the office a much-needed refurbishment.

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And it has many more exciting plans for its new centre on the way, including a street art mural on its outside wall, as well as a coffee cart with tables and chairs for its front courtyard for the community to enjoy.

Blockchain will celebrate its new headquarters with an official opening in December.

Source: Southbank Local News

Blockchain Centre Will Open New Brach in Lithuania

After the grand opening of Blockchain Centre Shanghai, Blockchain Centre now has another branch in Europe. On 3rd.Nov, Blockchain Centre signed a deal with Tony G, a Lithuanian businessman, poker player, politician and philanthropist, to bring Blockchain Centre in Lithuania.

65c4f8d1-41f2-45ef-93b4-cec3b0333f6eThe opening of the new Blockchain Centre will bring more developing opportunity for blockchain to Europe’s Baltic states. “The application of blockchain technology can empower citizens to enjoy transparent, secure, smart & faster governance.” Tony said. On 11th Oct, Lithuania’s central bank has become the latest financial institution of its kind of release new guidance for those seeking to organise an initial coin offering (ICO) in the country.

In the next few months, Blockchain Centre will continue to expand its branch in Europe, such as Geneva, to bring more benefits from blockchain to the Europe.

Blockchain Center Shanghai Branch Office Opening

On October 13, the world’s first non-profit blockchain knowledge and entrepreneurial community hub, Blockchain centre opened a branch in Shanghai. The Shanghai branch office launched in Zhangjiang Venture Workshop @ Naxian 800, which is the incubator of Zhangjiang Group. Top experts from the blockchain industry together with a lot of professionals interested in this technology, talked about the opportunities and challenges of blockchain. Experts analysed its future development and the infinite possibilities of the application in multi-domain integration.

Blockchain is known as a new revolution technology after the Internet and mobile Internet. The World Economic Forum officially released the White Paper called “Realise the Potential of Blockchain”, pointing out that blockchain can create the opportunity to encourage the creation and trading of social values thereby providing the transfer from the Internet of Information to the Internet of Value.

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In recent years, the Chinese government has promulgated relevant policies for the development of blockchain technology and created a friendly environment for the development of Chinese blockchain industry. In the “The Tenth Five-Year” National Informatization Program released at the end of 2016, the blockchain technology was first included as a key engine for promoting information technology innovation, upgrading industrial structure and promoting sustainable development.

The Blockchain Centre Shanghai opening ceremony was chaired by Layla Dong, a member of the World Outstanding Youth Board of Directors of the World Economic Forum. The program was divided into four sections:

  1. The leader of Zhangjiang Venture Workshop @ Naxian 800 – Xia Sheng, the Commissioner & Consulate (Business) of Australian Trade and Investment Commission – Susan Corbisiero and the Global Director & CEO of Blockchain Center- Martin Davidson gave the opening speech respectively.
  2. NEM and freeCodeCamp China signing ceremony.
  1. Editor-in-Chief of “The Economist” in China, Chen Wu, discussing with Blockchain Global Founder & CEO – Sam Lee for the topic “Future of Blockchain Technology”.
  2. Sam Lee and guests raised discussions under the topic “Blockchain X”.

As the world’s first professional blockchain technology sharing community, this opening ceremony invited more than 20 industry-leading experts and scholars to attend, including: Blockchain Global COO – Allan Guo, NEM Foundation member – Nelson Valero, freeCodeCamp China founder Jack Jin, Editor-in-Chief of “The Economist” in China – Chen Wu, founder and president of Loopring – Dong Wang, founder of Future Business Lab, co-founder of United Valley – Jingyu Huan, Open Source Evangelist – Richard Lin and many other professionals who shared great views on blockchain technology.

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Opening Speech: Sharing the blockchain industry development pattern

In the opening speech, Martin Davidson (Blockchain centre CEO) gave a brief introduction to the current state of development at Blockchain Centre Melbourne, “Education is the key to enabling society to benefit from this disruptive new technology i.e. blockchain technology, and the central vision is to build global communities that enable people to freely learn and understand how to use this technology to create new business services and applications.”

The centre is also active in helping the government to develop appropriate regulations to advise the Department of Economic Development of Victoria, Australia. This would help them understand Blockchain Technology, its applications, and to promote the legitimise and education of blockchain technology in Australia. This initiative is endorsed by the Australian Trade and Investment Commission’s business commissioner, Susan Corbisiero, who said that the use of blockchain technology in daily life has steadily raised under the relevant regulatory rules for blockchain development. This has helped educate and hatch excellent technical team to accelerate the development of blockchain technology in Australia. She hopes that the establishment of the Shanghai branch office, will improve the technology development and the ecology of blockchain technology in China.

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Promote cooperation: NEM and freeCodeCamp China on-site contract

After the establishment of the centre in Shanghai, the first collaboration was between NEM and freeCodeCamp China to promote blockchain technology. This cooperation includes providing free or charged NEM blockchain technology learning materials and training programs for freeCodeCamp users, to develop more outstanding programmers for the development of Chinese blockchain industry.

Dialogue: Exploring the future development of blockchain technology

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“Dialogue with wu chen” was one of the highlights of this opening ceremony. Chaired by Professor Wu Chen, editor-in-chief of the Economist China Business Directory, was his discussion with Blockchain Global Founder & CEO – Sam Lee on the most important topic, the “Future of Blockchain Technology”.

The World Economic Forum recently ranked blockchain as the top three of the ten emerging technologies, and the key feature of this technology which is Unstoppable and Permission-less. Professor Wu Chen said that people now treat blockchain technology as they did the Internet in the early 90s. Blockchain as an important intermediary, can be used to store, move, translate, exchange and manage various assets. Blockchain technology may be like the Internet Technology have a far-reaching impact. Sam believes that the use of blockchain technology in trade finance and networking is going to bring about disruptive changes.

Discussing the infinite possibilities of blockchain technology in multi-domain integration

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The opening ceremony specially prepared a Panel part, which was another essential section of this event. Invited were the professionals of blockchain technology from development, research, investment and other aspects: Blockchain Global CEO – Sam Lee, Blockchain Global COO – Allan Guo, founder and president of Loopring – Dong Wang, founder of Future Business Lab, co-founder of United valley – Jingyu Huan, Open Source Evangelist – Richard Lin, UAI founder & Chief Scientist – Xiaohu Zhu, sharing blockchain technology integration from a number of angles.

A.I. (Artificial Intelligence): blockchain technology is a base support technology, on the basis of which can build a huge training database. This efficient distributed algorithm enables AI to be applied to all walks of life. Secondly, in the last month, the AI player in the DOTA2 game, defeated the best players in humans, which means that with Blockchain and artificial intelligence technology together, we can design more secure and powerful AI in specific scenarios. This integration will also be applied to solve some of the difficult problems faced by mankind today.

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The financial industry: the natural features of the blockchain has a huge potential in the financial field. Even though blockchain technology already has some outstanding performance in the application of the financial industry, we should still pay more attention to the transformation that blockchain would bring to the traditional financial industry, such as property registration, derivatives quantitative, futures and other aspects.

Entertainment: Although China’s per capita GDP is still lower than some of the developed countries, Chinese entertainment industry does not lose to most of the others. If the blockchain technology can be applied to IP (Intelligence Property) investment, fan economy and crowdfunding in the future, then the Chinese entertainment industry’s volume is very imaginative.

Retail: The application of blockchain technology can change the status of all personal Internet behaviour, and unify all the ID data of individuals together, which is conducive to the establishment of accurate personal identity model and perfect recommendation system.