[Blockchain in SEA] Roadshow of Blockchain’s future
Blockchain in SEA
96days ago
1574

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Time:01/23  18:00

Wechat group: BlockChain-in-SEA

Guest: Victor Goh, Founder, NYC BlockAsia

Host: Andy Zheng, CEO, Beecast

 

Dialogue

Andy Zheng: Good evening, everyone! I am Andy Zheng, CEO of Beecast.

Welcome to the leading blockchain community media [Beecast] and join us with 5000+ communities & 1000000+ Beecasters in [Blockchain in SEA] to discuss blockchain technology and industry development.

This is the Phase 14, Topic: Roadshow of Blockchain’s future.

Guest: Victor Goh

Victor Goh,Founder, NYC BlockAsia. He graduated from Wesleyan University, worked a couple years in NYC in financial services consulting. He organized first NYC-Asia Pacific blockchain conference (NYC BlockAsia) in May last year, then organized Blockchain Pioneers Summit in Singapore in September. Currently with Asia Blockchain Review, based in Thailand and building communities.

 

Andy Zheng: Mr. Victor, you can briefly introduce yourself and your experience, why did you go into the blockchain industry?

Mr. Victor: As Andy introduced, I went to college in the US. I am a Singaporean actually, moved to the US and lived there for several years and worked in financial services consulting.

One day in 2017 Summer I woke up and saw a facebook post of a friend of mine, talking about bitcoin. I decided immediately to buy a small amount and spent time to study what I bought.

Over time, I came to learn about the technology behind bitcoin. I was able to go out to events and discuss with people about various applications and developments. After attending many meetups and conferences, I decided to organize my own meetups, which eventually led to me organizing a conference.

One of the big motivations behind joining the blockchain industry is that there are so many intelligent people in the space that I could meet and learn from.

There is always something new to learn each day, and it's never boring compared to a corporate job.

Andy Zheng: Business caused by one bitcoin.

 

Andy Zheng: We would like to know about the NYC BlockAsia, that you are currently mainly working on. What do you think is the biggest gain in a year of running?

Mr. Victor: Let me first introduce what NYC BlockAsia is. This was my first conference last May, focusing on connecting blockchain ecosystems in Asia and US together.

I noticed that Consensus in NYC, one of the largest and most-recognizable Blockchain conferences, did not have much Asian representation. This includes both speakers and attendees.

However, Asia holds great potential in terms of blockchain financing and applications.

I knew we needed a platform to showcase what's really coming out from Asia, that's why I launched NYC BlockAsia. That was when I left my consulting job and organized the conference full-time.

This was the first blockchain conference connecting the NYC ecosystem to Asia-Pacific. One of the biggest takeaways is the satisfaction in seeing how people get connected to new collaboration opportunities and access to the huge amounts of capital in NYC.

Andy Zheng: In fact, as far as I know, the development of blockchain in Asia is better. After all, the blockchain is based on the Internet. There are more Internet users in Asia and more application scenarios.

Mr. Victor: I was able to build up my blockchain network really quickly, which led to my next conference "Blockchain Pioneers Summit" in Singapore.

I put very high priority on speaker quality and diversity. So through these speakers, I get to learn a lot about what's happening in different ecosystems.

Afterall, Asia is not one single ecosystem. Each country has its own policy, players and relevant blockchain applications.

Biggest takeaways were the vast blockchain network I was able to build and getting to know the nuances of various ecosystems across Asia.

 

Andy Zheng: What challenges have you experienced in entering foreign markets?

Mr. Victor: I will break this into different phases.

When first entering the country: not knowing who to work with.

For countries that don't really feature in international media, it's hard to find out who the players are. Also, it's hard to understand if each player is a right fit for partnership. You may be able to provide something, but local players may not need it.

For example, I have heard suggestions of blockchain players from China suggesting to local players they could do a roadshow in China and they could help with the Chinese market. However to my knowledge, while Chinese market is huge and valuable, there are very big challenges to overcome before the startups can take advantage of the resources.

Startups outside of China may be able to go to China to do a roadshow and get connected with important people, but it doesn't add long-term value to them. It's always easier for Chinese to work with other Chinese, and given how big China ecosystem is, foreign collaboration will take more effort and thus become less important.

There is a bigger challenge if both sides don't speak the same language. That is the reality, and while foreign startups know there are huge opportunities in China, they also know there are huge upfront and long-term costs. And as startups, some don't have those resources, or prefer to put those resources in other markets.

this leads to the next challenge:

1. When first entering the country: not knowing who to work with

2. After entering the country: not providing relevant resources to the local players

It is a huge challenge to keep in touch.

So for startups outside of China, some don't have those resources for long-term entry into China, or prefer to put those resources in other markets. Differences in language, and differences in chat platforms is an important factor.

Challenges entering foreign markets

1. When first entering the country: not knowing who to work with.

2. After entering the country: not providing relevant resources to the local players.

3. After establishing contact: not able to keep in touch, whether due to differences in language, and differences in chat platforms. also difficult to meet in person.

Before entering a foreign market, it is important to understand the challenges. Prepare to dedicate huge resources and effort towards a long-term plan. Ideally, set up a physical presence. Then think about working together over a period of time and make sure local players actually benefit from working with you.

Andy Zheng: I agree with you very much, I have this experience now.

Mr. Victor: Oh also, do this for all the markets you want to enter. so overall it's a lot of work. Don't tackle the whole of southeast-asia or the whole of asia at the same time without a proper long-term plan and resources dedicated to it.

 

Andy Zheng: At present, you are working with Asia Blockchain Review to establish blockchain communities in Thailand. What do you know about the current situation of blockchain communities development in Thailand?

Mr. Victor: It is very exciting to see the various blockchain communities in Thailand working together.

The recent Blockchain Genesis Thailand conference was organized by numerous members of the Thai Blockchain Association. It was a huge success with a lot of engagement with the Thai ecosystem.

I admire a lot of the existing communities in Thailand. In this bear market, they are still working hard with a lot of passion and dedication. They have a collective vision to grow the ecosystem together and make it stronger.

 

Andy Zheng: What do you think is the biggest significance of building a bridge between Asia and the US in the blockchain industry?

Mr. Victor: I think it's the realization that both sides need one another, and can become stronger by coming together.

The US may have some of the top technical talent in the world but to scale their projects they may be interested to tap into the more affordable developers coming out from parts of Asia.

The US fixates a lot on blockchain's power to decentralize institutions, but what's more applicable is that people actually use it. In parts of Asia, there is immense opportunity for cheaper remittance transfers, banking the unbanked & identity, improving supply chain ecosystems etc.

Although these applications also apply to the US, but the US blockchain narrative is primarily about decentralization. On the other hand, the Asian blockchain narrative is more of actually improving existing processes through the technology. (and also making money on trading, which also serves the purpose of community building and indirectly keeping the tokens alive)

Because of the differences in blockchain narratives, it can be hard for Americans to imagine applications beyond the idea of decentralization. because of differences in experiences, it can also be hard to implement applications that will drastically improve people's lives and that people will actually use.

On the other hand, the US has immense resources accumulated over the past century. Many have been talking about the significance of NASDAQ and eventually the entire Wall Street getting into crypto. Although China has significant resources, the US's resources are not just financial but also embedded in the international institutions that it controls.

The US approach also tends to be more globalized, so many players will try to emulate the US approach as they think about going global.

This is important not just between Asia and the US, but also within Asia, between countries in Asia.

Countries outside of China, Japan and to a lesser extent Korea, will need to raise the global visibility to attract attention and foreign investment into the local blockchain ecosystems.

Reference my earlier point, there are huge potential costs for the local projects to enter another market. However, to build a long-term cross-border ecosystem, (1) first, countries with capital need to actively engage with smaller countries, (2) second, after investing in projects from these countries, this will build trust for the long run. Then (3), this could be a way to break into a foreign market, because you already have a local partner bonded by financial interests.

Some of the funds that take on more risk may also be interested in exploring investment opportunities in places like southeast-asia or south asia. There are a lot of ways to mutually benefit each other in this global ecosystem.

Some projects choose to explore new markets in this bear market, so they can lay out the foundations for the future. The next bull market would bring in much needed funds, which will provide additional resources to enter new markets for the long-term. With additional market cycles, the ecosystems will become closer with each other.

Not making these preparations to explore foreign markets early on, will mean that you will lose out valuable opportunities to expand and possibly be left behind.

 

Andy Zheng: Would you like to talk about the future development of NYC BlockAsia? What is the layout and planning of NYC BlockAsia's business in Thailand and even in Southeast Asia?

Mr. Victor: NYC BlockAsia is currently a passion project. It will only be in NYC for the time being, with NYC BlockAsia 2 coming up this May.

As I said before, engagement across ecosystems is very important. However there are some challenges: within Asia, there are several language, cultural and communication difficulties. It is counter-intuitive, but it may be easier to build up stronger relationships between Asia ecosystems in the US. Because everyone will be speaking in English and will be able to communicate properly with one another. Also, the Asians you meet in the US will probably be able to provide a global form of value to you.

SF and NYC are both suitable places. I chose NYC for a few reasons, (1) NYC has much more wealth, while SF is more tech. I think financial entanglement is more important to promote collaboration. (2) New Yorkers seldom fly out to Asia. It's just too far. Plus, they expect others to fly into NYC to meet them because there is huge financial incentive to do so when raising funds. (3) Less competition for east-west conference in NYC, compared to SF. (4) I lived in New York for a couple of years, so it's more familiar and I can leverage existing connections there.

Once NYC BlockAsia is established as a premier platform to facilitate interactions between US and Asia, and between countries in Asia, there is a possibility to expand to SF / LA and eventually into Asia.

With Asia, the key is to co-organize with local communities. We will bring in the branding and global speakers, while local communities bring in local speakers and attendees. In that way, it's mutually beneficial financially. At the same time, the local ecosystem will benefit from greater global visibility.

As Asia Blockchain Review (ABR) is based in southeast asia, especially in Vietnam, Thailand and Malaysia, working with ABR has been a valuable opportunity to get to know community players in southeast-asia. ABR is an amazing resource for anyone interested in entering markets in southeast asia, for anyone interested in learning about ABR feel free to check out www.asiablockchainreview.com

 

 Q & A

Q: The host mentioned in the introduction that you have worked in a financial services consulting company, what do you think of the relationship between this experience and your involvement in the blockchain industry?

Mr. Victor: While working in financial services that I got to learn about various devious strategies that financial institutions use in order to make the most money.

For example, in credit card industry sometimes there is a feature that allows you to buy a laptop without paying any interest, payable over 2 years. If you miss any payment, you will have to pay back all the interest from before. That means if you miss the last payment, you pay 2 years of interest (versus not paying any). This is all hidden in the contract details.

It made me realize the potential benefits of decentralizing loan services, where more lending players will mean better terms and conditions.

This is relevant for many industries dominated by a small number of players. While I am not advocating for the elimination of these players, having more competition (through the use of blockchain) could be beneficial for everyone in the long run. This was just a realization from my prior experience.

 


 

[Blockchain in SEA] 赋能区块链,路演未来image.png

对话时间:2018 年 1月 23日  18:00 

微信社群:BlockChain-in-SEA

对话嘉宾:

Victor Goh

NYC BlockAsia创始人

郑西平

东南亚Beecast CEO

 

郑西平:各位Beecaster,大家晚上好!我是东南亚Beecast CEO 郑西平。

欢迎大家来到领先的区块链社群媒体【Beecast】,与5000+社群1000000+Beecasters一起参与【Blockchain in SEA】节目,探讨区块链技术与行业发展。本期是Beecast【Blockchain in SEA】第14期,

主题:赋能区块链,路演未来

嘉宾:Victor Goh

Victor Goh, NYC BlockAsia创始人,毕业于卫斯理大学后,Victor在纽约金融服务咨询公司工作了几年。去年五月他组织了首届纽约-亚太地区区块链会议(NYC BlockAsia),并于9月在新加坡组织Blockchain Pioneers峰会。目前与Asia Blockchain Review一同构建区块链社区,总部设在泰国。  

 

郑西平:Vicor先生,您可以向大家简单介绍一下自己以及您的从业经历,当初为什么投入到区块链行业之中? 

Vicor先生:正如安迪介绍的,我在美国念的大学。我实际上是新加坡人,移居美国住了几年,在金融服务业从事咨询工作。2017年夏天的一天,我醒来后看到我的一个朋友在Facebook上发了一篇关于比特币的帖子。我立刻决定买一小笔,并花时间研究我买的币。

随着时间的推移,我开始了解比特币背后的技术。我出去参加各种活动,并与人们讨论各种应用和发展情况。在参加了许多会议之后,我决定自己组织会议,于是最终使得我组织了第一次会议。

加入区块链产业背后的最大动机之一是,在这个空间里有那么多聪明的人,我可以与之会面并向他们学习。每天都有一些新的东西需要学习,与公司的工作相比,它从来都不无聊。

郑西平:一枚比特币引发的事业。

 

郑西平:我们想了解一下目前您主要在做的NYC BlockAsia,运行一年以来,您认为最大的收获是什么?

Vicor先生:首先让我介绍一下NYC BlockAsia是什么。它是我去年五月举办的第一次会议,重点是把亚洲和美国的区块链生态系统连接起来。

我注意到,在纽约召开的规模最大、最具认可度的BlockChain会议之一,并没有多少在亚洲的代表性,包括发言者和与会者。

然而,亚洲在区块链融资和应用方面有着巨大的潜力。我知道我们需要一个平台来展示真正来自亚洲的是什么,这就是为什么我推出了NYC BlockAsia。就在那时,我辞去了咨询工作,开始组织会议。

这是第一次将纽约生态系统与亚太地区连接起来的区块链会议。最大的收获之一是看到人们如何与新的合作机会联系在一起并获得纽约大量资本的机会时的满足感。

郑西平:事实上,据我所知,亚洲区块链的发展是比较好的。毕竟,区块链是基于互联网的。亚洲有更多的互联网用户和更多的应用场景。

Vicor先生:我很快就建立起了我的区块链网络,这导致了我在新加坡召开的下一届“BlockChainPioneers峰会”。我非常重视发言者的素质和多样性。通过这些演讲者,我可以了解到在不同的生态系统中发生了什么。毕竟,亚洲不是一个单一的生态系统。每个国家都有自己的政策、参与者和相关的区块链应用。

最大的收获是我建立了庞大的区块链网络,并了解了整个亚洲各种生态系统的细微差别。

 

郑西平:在进入国外市场的过程中,您经历了哪些挑战?

Vicor先生:我会把它分成不同的阶段。

第一次出境时:不知道该和谁合作

对于那些没有真正出现在国际媒体上的国家来说,很难弄清楚谁是玩家。而且,很难理解每个参与者是否适合合作。你也许能提供一些东西,但当地人可能不需要。

例如,我听说过来自中国的区块链从业者建议本地从业者在中国做路演,他们可以帮助中国市场。然而,据我所知,虽然中国市场巨大而有价值,但要想让初创企业充分利用这些资源,还有很大的挑战要克服。

在中国以外的初创公司可能会去中国做一次路演,并与重要人物建立联系,但这不会给他们带来长期的价值。对中国人来说,还是和中国人一起工作更容易,考虑到中国生态系统的规模,对外合作将需要更多的努力,从而变得不那么重要。

如果双方都不讲同一种语言,就会面临更大的挑战。这是事实,虽然外国初创企业知道中国有巨大的机遇,但他们也知道中国有巨大的前期以及长期成本。作为初创企业,有些公司没有这些资源,或者更愿意将这些资源投入其他市场。

这将导致如下挑战:

1.第一次进入一个国家时:不知道该和谁合作

2.进入该国后:不能向当地从业者提供相关资源

保持联系也是一个巨大的挑战。

因此,对于中国以外的初创企业来说,有些公司没有长期进入中国市场的资源,或者更愿意将这些资源投入其他市场。

语言上的差异和聊天平台上的差异是一个重要因素。

进入国外市场的挑战:

1.第一次入境时:不知道该和谁合作

2.进入该国后:不向当地行为者提供相关资源

3.建立联系后:无法保持联系,无论是语言上的差异,还是聊天平台上的差异。也很难当面见面。

郑西平:我非常同意你的观点,我现在正有这种经历。

Vicor先生:在进入国外市场之前,了解挑战是很重要的。准备把大量的资源和精力投入到一个长远的计划中。理想情况下能够建立一个实体。然后考虑在一起工作一段时间,并确保当地参与者实际上能够在与你合作中受益。

同样,为所有你想进入的市场做这件事。所以总的来说,这是一项很大的工作。不要在没有适当的长期计划和资源的情况下,同时处理整个东南亚或整个亚洲。

 

郑西平:目前,您与Asia Blockchain Review一同在泰国建立区块链社区,您对于泰国的区块链社区发展现状有了哪些了解?

Vicor先生:看到泰国不同的区块链社区的人在一起工作是非常令人兴奋的。

最近的Blockchain Genesis泰国会议是由泰国区块链协会的许多成员组织的,泰国生态系统的大量参与,会议取得了巨大的成功。

我钦佩泰国现有的许多社区。在熊市中,他们仍然怀着极大的热情和献身精神努力工作,他们有一个共同的愿景来培育生态系统,让它更强大。

 

郑西平:您认为,在亚洲与美国之间建立区块链行业交流的桥梁,最大的意义是什么?

Vicor先生:我认为,这是一种认识:双方需要对方,可以变得更强大,走到一起。美国可能拥有世界上一些顶尖的技术人才,但为了扩大他们的项目规模,他们可能有兴趣利用来自亚洲部分地区的更能担负的起的开发商。

美国在很大程度上关注区块链建立去中心化机构的力量,但更适用的是人们实际上真正在使用它。在亚洲的部分地区,有巨大的机会可以获得更便宜的汇款。银行无银行的ID身份,改善供应链生态系统等。

虽然这些应用也适用于美国,但美国的区块链主要是关于权力下放的。另一方面,亚洲的区块链更多的是通过技术改进现有的流程。(并通过交易赚钱,这也有助于社区建设和间接维持代币生存)

由于区块链记叙的不同,美国人很难想象去中心化以外的应用。由于经验的不同,它也可能很难实现应用,那将通过人们的实际使用大大改善人们的生活。

另一方面,美国在过去的一个世纪里积累了大量的资源。许多人一直在谈论纳斯达克(NASDAQ)的重要性,最终整个华尔街都进入了加密系统。尽管中国拥有大量资源,但美国的资源不仅是金融资源,而且还嵌入了它控制的国际机构。

美国的做法也趋向于更加全球化,因此许多参与者在考虑走向全球时,将试图效仿美国的做法。

这不仅在亚洲和美国之间很重要,而且在亚洲内部,在亚洲国家之间很重要。

中国、日本和韩国以外的国家将需要提高全球知名度,以吸引对当地区块生态系统的关注和外国投资。

参考我前面的观点,当地项目进入另一个市场有巨大的潜在成本。然而,要建立一个长期的跨境生态系统,首先,有资本需求的国家。第二,在对这些国家的项目进行投资之后将建立长期的信任。其次,这可能是进入外国市场的一种方式,因为你已经有一个存在金融利益连结的当地合作伙伴。

一些承担更多风险的基金也可能对探索东南亚或南亚等地的投资机会感兴趣。

在这个全球生态系统中,有很多互惠互利的方式。

一些项目选择在熊市中开拓新的市场,以便为未来奠定基础。下一次牛市将带来急需的资金,这将为长期进入新市场提供更多的资源。随着市场周期的增加,生态系统将变得更加紧密。

不提前做好开拓国外市场的准备,就意味着你将失去扩张的宝贵机会,可能会落在后面。

 

郑西平:请您谈一谈NYC BlockAsia的未来发展规划。NYC BlockAsia的业务在泰国乃至东南亚的布局规化是怎样的?

Vicor先生:NYC BlockAsia公司目前是一个充满激情的项目,它将暂时只在纽约,第二届NYC BlockAsia将于今年5月到来。

正如我之前所说,跨生态系统的参与是非常重要的。然而,也存在一些挑战:在亚洲内部,存在一些语言、文化和交流方面的困难。这是违反直觉的,但在美国的亚洲生态系统之间建立更紧密的关系可能更容易。在美国的亚洲生态系统之间建立更紧密的关系可能更容易。因为每个人都会用英语,并且能够和一个人进行恰当的交流。此外,你在美国遇到的亚洲人可能会为你提供一种全球性的价值形式。

旧金山和纽约都是合适的地方。我选择纽约是因为以下几个原因:(1)纽约有更多的财富,而旧金山更高科技。我认为金融纠缠对于促进合作更为重要。(2)纽约人很少飞往亚洲,只是太远了。另外,他们预计其他人会飞到纽约来迎接他们,因为在筹集资金时有巨大的财政激励。(3)与SF相比,纽约东西方会议的竞争要少一些。(4)我在纽约住了几年,所以这里更熟悉,我可以利用那里现有的联系。

一旦NYC BlockAsia成为促进美国和亚洲以及亚洲国家之间互动的首要平台,就有可能扩展到旧金山和洛杉矶,并最终扩展到亚洲.

在亚洲,关键是与当地社区共同组织起来。我们将引进品牌和全球演讲者,而当地社区将引进当地的演讲者和与会者。那样的话,相互在经济上是有益的。同时,更好的全球视野将使当地生态系统受益。

由于Asia Blockchain Review(ABR)总部设在东南亚,特别是在越南、泰国和马来西亚,与ABR合作一直是了解东南亚、亚洲社区参与者的宝贵机会。对于任何有兴趣进入东南亚市场的人来说,ABR是一个令人惊奇的资源,任何对ABR感兴趣的人都可以访问www.asiablockchainreview.com。

 

 自由提问

提问:嘉宾介绍中提到您曾经在金融服务咨询公司工作,您认为这段经历和您从事区块链行业有什么样的关系?

Vicor先生:在从事金融服务的过程中,我了解到金融机构为了获得最大的利润而采取的各种诡计多端的策略。例如,在信用卡行业,有时有一个功能可以让你购买笔记本电脑而不支付任何利息,支付超过2年。如果你错过任何付款,你将不得不偿还以前所有的利息。这意味着,如果你错过了最后一次付款,你要支付2年的利息(相对于不支付任何利息)。这些都隐藏在合同细节中。

这让我意识到去中心化贷款服务的潜在好处,在那里,更多的贷款参与者将意味着更好的条款和条件。这与少数参与者主导的许多行业有关。虽然我并不主张淘汰这些参与者,但从长远来看,拥有更多的竞争(通过使用区块链)对每个人都是有益的。这只是从我以前的经历中体会到的。

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