Post on 27-May-2020
transcript
Blockchain for SDGs: Beyond ConceptsXiaochen Zhang,
President, FinTech4Good
UN ESCAP Digital Economy Task Force
December 3, 2018 UN ESCAP Sustainable Business Network, 6th meeting
www.fintech4good.co | info@fintech4good.co
Content
Blockchain Adoption in Asia and the Pacific
Blockchain Solutions to Achieve SDGs
Action Needed: Responsible Blockchain Initiatives
01 Blockchain Adoption in Asia and
the Pacific
Blockchain Adoption in Asia and the Pacific
Investment landscape
27
111
NorthAmerica
Europe Asia Pacific
66% 23% 11%
161
35
2014 2015 2016 2017
$ million
Blockchain-focused investment has grown rapidly
in Asia and the Pacific since 2016, despite its
share in the world are still less than the U.S. and
Europe.
Blockchain start-ups in Asia are enthusiastic about
the foreseen opportunities. Singapore, for instance,
has become the hub of blockchain innovation.
However, blockchain technology and application
still face challenges from the existing regulatory
environment in their home countries, with regards
to R&D and fundraising.
Blockchain Adoption in Asia
Awaiting for a Big Boom
Blockchain Adoption in Asia and the Pacific
Regulatory Environment
Initial Coin Offering (ICO): It is a type of funding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" ("coins") to speculators or investors, in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum.
Regulation on Blockchain
Technology Innovation
Regulation on Blockchain
Project Fundraising: ICO
Regulatory Sandbox
Australia, Singapore, Japan, China (Hong Kong, Hang Zhou)…
National Blockchain Innovation Strategy
South Korea: Blockchain Technology Development Strategy (Ministry of Science and ICT)
ICO Banned in:
China, South Korea, Nepal,
Bangladesh
ICO Regulated in:
Thailand, Philippines, Japan…
Regulation Challenges
In Asia and the Pacific
❖ Lack of cross-country policy
coordination to incentivize
blockchain industry.
❖ Decentralized activities have
increased risks of ICO fraud.
❖ Insufficient research to
support evidence-based
policy design.
02 Blockchain Solutions to Achieve
Sustainable Development Goals (SDGs)
Blockchain Solutions to Achieve SDGs
What Can Blockchain Innovation Achieve?
Core Characteristics of
Blockchain Technology
Trust TruthTransparency
Verified by the ledger.No third party required
Visible to everyone.Owned by nobody.
Immutable or cannot be altered.
Tracing &
Tracking
Digital
Currency
Digital
Identity
Digital
Asset
Smart
ContractPayment
$100 trillion is spent on SDG M&E related activities with huge accountabilitychallenges in data collection,processing and traction.
1.5 billion people cannot effectively participate in the world economy due to lack of economic identity.
50% of the physical assets owned by the poor are not used in any productive capacity every year.
Middle man-related costs of global trade is more than $100 trillion.
SDGs and Climate Change related process are both time consuming and ineffective..
Blockchain Solutions to Achieve SDGs
Blockchain Use Case: Newton
Newton: Building the Infrastructure for the Community Economy
Self-Finance Supply Chain Chain-Commerce
Retail
Game Payment Agriculture
❖ Corporate and
personal credit
❖ Asset securitization
❖ Anti-counterfeiting
❖ Traceability
❖ Financing
❖ Digital Asset
Management
❖ Precise AD; New Mall
❖ Virtual game asset
automated trading
❖ Transparent rules
of the game
❖ Global Transaction
❖ Ultra-Micropayment
❖ Immediate response
❖ Intelligent Planting
❖ Trace to source
❖ Storage and trade
Newton
Community Economy
Technical Framework
Layers
Community Governance
Human-machine communities
Chain-commerce
Token circulation
Collaboration
Self-driven
Incentives
Application: NewPay, NewIoT, NewMall
Protocol: Hyper Exchange Protocol
Foundational technology: NewChain
Blockchain Solutions to Achieve SDGs
Blockchain Use Case: Vodix
Potentially create 100+ million jobs worldwide
AI: Multi-billion dollar industryMachine Learning
Secured, transparent, efficient: prevent spam and save costAbility to reach the unbanked market.
Create Jobs
Micro-Tasking
Blockchain
Fintech Services
Awards: Partnerships:
Mission:Our goal is to work together on projects to build homes, renewable
energy and infrastructure. We intersect blockchain at many levels of
the projects life cycle from land, building, mortgage and banking.
Ultimately we want to be the first in the world to show the world how
blockchain can make a meaningful change by connecting developed
world capital with the developing world.
Blockchain Solutions to Achieve SDGs
Blockchain Use Case: Trina Energy
Mission:Make energy green, credible, efficient and flexible.
Electric power data is collected directly by terminal meters to ensure the credibility.
Contracts can be pre-defined or automatically generated according to the actual needs of distributed energy transactions.
Energy Consumption Measurement
Smart Contract
Dual-Token Ecosystem
TrinaCoin Dapp
PowerCoin
Power Transaction
and Settlement
The exchange rate between TrinaCoin and Dapp PowerCoin is based on the local market electricity prices and the exchange price of TrinaCoin.
Industrial
ParksDistributed PV
Generation
Battery Energy
Storage Micro-grids
Application Scenario
Design of TradingWhen the conditions for execution are satisfied, the
smart contract based on distributed energy
transactions is invoked to form the transaction data
that will be broadcast and verified over P2P network.
Blockchain Solutions to Achieve SDGs
Blockchain Use Case: Kabuni
Mission:Transition together to positively impact one billion people
by unlocking and accelerating value through exponential
technology.
Renewal
Energy
Seed
Entrepreneurship
Affordable
Homes
Kabuni can provide digital banking services for the
developing markets and informal sector by providing a suite
of products that traditional banks are not capable to deliver.
With our partners we can provide liquidity to investors at a
macro level and create a sustainable model for impact
investment to address the informal sector needs to bridge
the gap between rich and poor.
We can deliver a P2P micro investment model to large scale
challenges faced in developing countries. The security token
echo-system can support capital flow to asset based
investments to create formalized investments into the informal
sector in housing, renewable energy and infrastructure projects
A fully integrating emerging market banking, trading and
investment platform to help solve major world challenges
in emerging markets.
Bank
Invest
Trade
Invest
Bank Trade
Kabuni can combine the scale of market-based investment approaches
and the social impact of philanthropy to fund life-changing innovations
and bring sustainable solutions to bridge the gap between rich and poor.
Collaboration with our partners we can create joint ventures in each
country that will support nonprofits asset based projects to create
affordable homes, renewable energy and infrastructure.
The new donation equation is: Invest + Tokenize = Impact
Blockchain Solutions to Achieve SDGs
Blockchain Use Case: CoinBank
CoinBank is a full-stack digital bank that provides global financial services to young users. Relying on a strong financial
network and first-class technology infrastructure, the company provides users with 7/24 personalized digital banking
services that can be put into their pockets and meet the diverse needs of users.
Coinbank: Disruptive Digital Banking
Emerging market supportPartner with exchanges worldwide
Efficient asset flow
Decentralized asset wallet
Global Services
Various Choices of Assets
Full-Stack Service
Tailored for stable coin mechanism
Over-the-Counter Business
CoinNet: an open-source public blockchain
customized service
Traditional Banking CoinBank
❑ Loans
❑ Currency
exchange
business
❑ Security exchange
❑ Cash business
❑ Factoring
❑ Credit check
❑ B2C messaging
❑ Digital loans
❑ Digital currency
exchange business
❑ Digital Asset Trading
❑ Digital cash
business
❑ Digital Factoring
❑ Digital Credit check
❑ C2C IM
Blockchain Solutions to Achieve SDGs
Blockchain Use Case
Blockchain-enabled social enterprises strive for increased financial access to serve the unbanked and under-banked population in Southeast Asia and aim for improved financial service across countries.
TraXionPhilippines
DApactCambodia
Traxion aims to bringfinancial inclusion to 89million unbanked Filipinosthrough the ‘bank-in-a-wallet’ solution (savings,payments & remittances)backed by its blockchain-driven environment.
Dapact aims to slash thecosts of microfinance tospur financial access inlow-income communities.It uses an Ethereum-basedlending protocol thatsupports loan origination and financing.
BitsparkHong Kong
Bitspark lowers the traditional transaction fee by 10 times. Using blockchain technology, it bypassed the existing banking networks and remittance systems.
GeTSSingapore
Global eTrade Services (GeTS), a subsidiary of CrimsonLogic has launched world’s first cross-border blockchain for trade linking ASEAN and China’s Digital Silk Road.
Blockchain Solutions to Achieve SDGs
Blockchain for SDGs: ChallengesHowever, in order to harness the potential of blockchain for greater impact, especially in
supporting the Sustainable Development Goals (SDGs), challenges remain…
Minimal understanding of the
technology, regulations,
business models, and
industrial application roadmap
Lack of compelling use
cases for stakeholders,
especially the projects
that are risk averse.
No platform to efficiently
communicate how innovation can
create appropriate blockchain
solutions to contribute to SDGs.
Research Practice Communication
03 Action Needed:
Responsible Blockchain Initiative
Responsible Blockchain
Framework and Initiatives
Inclusive
Innovative
Green
Responsible Blockchain Initiative
1. Responsible Blockchain World Championship
2. Asia Pacific Digital Economy Forum
3. Asia Pacific Digital Economy Institute
4. Asia Blockchain Innovation Fund
5. Blockchain for Impact TV Show
Green Inclusive Innovative
❑ Mitigate risks
❑ Adaptive capacity
❑ Equal opportunity
❑ Participatory Growth ❑ Frontier Innovation
❑ Adaptive Innovation
Responsible Blockchain Initiative- RBWC
Omar ChenZBG CEO
Richard WangFounding Partner,
Draper Dragon
Jianliang Shao Founding Partner,
Bitrise Capital
Qingtao HeCEO, Interplanetary
Node
AaronWanSBCVC
Aurora Wong
Founding partner, Crypto
Capital
Ye yuanDaohuo Capital
Chen XuGP, GOBI partner
Oder QuFounder &
Chairman, IDHub
William Bao BeanGeneral Partner,
SOSV
Jianwu GuoPartner,
Tamaracecapital
J.R HuangFounding Partner,
Wemerge
Dadi Xing Founder,
Eigen Capital
Henry YangFounding Partner, Blockpower capital
Samson LeeFounder &
CEO, CoinStreet
Yunawen WuFounder & Chairman,
Jintum Tech
Dong XuPartner,
AC accelerator
Mingo ChinPartner,
XingAn Capital
Hongbin Zhang
Founder, Lighter Blockchain
Xiaochen ZhangPresident,
FinTech4good
RBWC
China
Judges
Endereum NULS BlockGame FulianTerra Virtua
Tweebaa Aermetric Drone Employee
RBWC Shenzhen Winners
RBWC Silicon Valley Winners
RBWC Portfolios
Twitter: FT4GXiaochen WWW.FINTECH4GOOD.CO www.blockchainaccelerator.co
RBWC Portfolios
Responsible Blockchain Initiative
From DAIF to Asia Pacific Digital Economy ForumThe Asia Digital Economy Forum is a platform which connects policymakers together with business and academic
leaders that share the same vision in scaling up blockchain and other digital economy technologies for a better world.
DAIF New York
Jan 16, 2018
DAIF DC
Feb.20, 2018
DAIF Seoul
Mar. 15, 2018
DAIF Beijing
June.12, 2018
2019 Asia Pacific Digital Economy Forum
(APDEF2019)
Advisory Committee DEF Hosting Country Co-Hosting Organizations
Thought Leaders Government Agencies IOs, CSOs, Business, etc
1. Policy Innovations 2. Digital Economy Solutions 3. Leadership Awards
Asia Pacific Digital Economy Institute
Asia Pacific Digital Economy Challenges
Asia Pacific Digital Economy Awards
Responsible Blockchain Initiative
Asia Pacific Digital Economy InstituteThe Asia Pacific Digital Economy Institute, in
collaboration with most influential scholars, will
define market trends, identify innovative
solutions, convine industrial leaders and provide
in depth insights on emerging topics in the digital
economy.
The Global Digital
Economy Hub (GDEH) is
a network of
organizations that share
the same vision in scaling
up blockchain and
distributed ledger
technologies for a better
world. The Global Digital
Economy Hub aims to
identify hubs from various
parts of the world and
build a network for
collaboration.
Examples
• NC Digital Economy
Hub
• SMU Blockchain Hub
• Malaysia Digital
Economy Hub
• Astana Digital
Economy Hub
FRONTIER
ACADEMY
Leadership Council
brings together top
blockchain leaders
from academia,
policy, business,
investment and
technology
communities to
catalyze thought
leadership.
Leadership Initiatives
that have been
established include:
• Global Digital
Economy
Leadership Council
• STO Council
• Blockchain4SDGs
Alliance
• Digital Economy
Incubators Network
LEADERSHIP
COUNCIL
The Frontier Academy
is a joint education
initiative led by world
leading experts from
academia and
technology industry.
The purpose is to
enhance global
blockchain literacy,
and promote inclusive
opportunities to
professionals who
may not have equal
access to blockchain
and other digital
economy education.
Examples
• STO Academy
• Zhejiang Zhijiang
Blockchain
Research Institute
• Blockchain
Accelerator
PILOT
LABSGlobal Digital
Economy Hub
Blockchain Pilot Labs
focus on themes across
different sectors and
bring a variety of
stakeholders together to
develop and pilot
blockchain solutions.
Joint Proposals
completed
• Energy Blockchain Lab
at Virginia Tech
• Healthcare Blockchain
Lab with GWU
• Agriculture Blockchain
Lab with
• Insurance Blockchain
Lab
• DigitalX100 Accelerator
Responsible Blockchain Initiative
Asia Pacific Digital Economy Innovation Fund (APDEIF)APDEIF is a donor-advised fund. It allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time to fund impactful digital economy innovations in Asia Pacific.
Applications that have an impact
Scalable solutions in emerging markets
Blockchain Infrastructure and Protocols
Size $ 10 Million
Capital Equity and/or convertible
Stage First institutional round (pre-seed and seed)
Geography Asia and the Pacific
Sector Blockchain application with clearly defined impact
Timeframe Max 5 years from formation to exit
Distributed applicationsthat have an impact
Fund Principle
We leverage blockchaininnovation in emerging marketsto address the most dauntingchallenges in developingcountries.
We identify the most advanced
distributed ledger technology by
taking on new pilots and
penetrating into new market
segments.
We are committed to supporting
cutting-edge blockchain-backed
startups to drive sustainable
impacts across different sectors.
Blockchain infrastructureand protocols
Scalable solutions in emerging markets
Responsible Blockchain Initiative
Blockchain for Impact TV Shows
Blockchain for RealEconomy
Blockchain
Weekly
Decentra
Business Talk
Digital Asset
Investment
Academy
Blockchain
Fundamentals
Blockchain China
Blockchain
Impact Files
Initial Token
Offerings
Women in
Blockchain
Crypto
Intelligence
World Blockchain News
Blockchain Million
FEATURED SHOWS in 2019
Blockchain for Impact TV Show leverages the world largest blockchain ecosystem in Asia and beyond to produce and
promote the best quality blockchain content globally. We bring the frontier blockchain stories, world class blockchain
experts, revolutionary blockchain innovations, promising investment opportunities, visionary entrepreneurs and top
blockchain educators to mainstream with just one click.
About UsFinTech4Good (FT4G) is a global network which connects start-ups,
investors, industry leaders and public sectors to introduce impactful
fintech and blockchain solutions to frontier markets through incubation,
acceleration and investment.
www.fintech4good.co | info@fintech4good.co