Blockchain Industry Investment High-end Forum: Blockchain is an upgraded version of financial technology and a strategic opportunity

On August 17, the "2016 China Blockchain Industry Investment High-end Forum" was grandly opened at the Marco Polo Hotel in Shenzhen.

This forum was co-organized by Derun Capital, Titanium Easy Investment (Fangcheng Venture Capital), Babbitt and Titanium Media, and supported by Qianhai Equity Exchange Center. The forum invited Lin Fan, President of Qianhai Equity Exchange Center, Jiang Maolin, President of Qianhai Derun Capital Management (Shenzhen) Co., Ltd., Bai Shuo, former chief engineer of Shanghai Stock Exchange and doctoral supervisor of Chinese Academy of Sciences, John Riggins, COO of BTC Media Asia Pacific, Guo Rui, deputy general manager of Tencent Financial Cloud, Shentu Qingchun, executive secretary general of Golden Chain Alliance, Zhou Kaining, senior analyst of China Merchants Securities, Sun Haidong, partner of Qianhai Mengchuang Industry, and hundreds of other representative policymakers, economists, entrepreneurs and investors, bringing together dozens of the country's top blockchain and digital currency companies and numerous investment funds and venture capital institutions to conduct in-depth discussions and analysis on the blockchain industry.

Jiang Maolin, President of Derun Capital, delivered a speech at the opening ceremony as a representative of financial institutions. He emphasized:

The latest report of the World Economic Forum points out that the underlying technology of Bitcoin, blockchain, will occupy a core position in the global financial system, and about 80% of the world's banks will launch distributed ledger projects next year. Central banks and other institutions have a positive attitude towards the next generation of financial technology represented by blockchain, and in the global financial field, blockchain is forming a historic technological change and business revolution.

As the understanding of blockchain deepens, BAT has also made its layout one after another. Guo Rui, deputy general manager of Tencent Financial Cloud, shared Tencent's accumulation in blockchain finance at the opening ceremony.

At the same time, he pointed out that there are three aspects of the blockchain that still cannot be solved: blockchain can ensure the consistency of information flow, but cannot guarantee the security of physical funds; blockchain cannot make up for the loopholes caused by defects in business process design; how to safely migrate massive existing businesses, especially the conversion of offline assets to online assets, there are many risk points in itself. Blockchain is not a panacea, and its application must be gradual.

Bai Shuo, former chief engineer of Shanghai Stock Exchange, analyzed the trends and challenges of blockchain. He believes that blockchain has broad application prospects, and the current development focus is on non-financial and credit fields, such as the Internet of Things, quasi-finance and multimedia. However, he is not optimistic about the investment prospects of blockchain, because the open source of blockchain is a rigid demand, and secondly, the unmanned operation makes the subsequent services full of bones.

Bai Shuo gave the investors here a piece of advice:

You may hear different statements about blockchain from various channels sooner or later, but the development of blockchain is changing with each passing day. Some restrictions on blockchain are variable. What really remains unchanged are conservation and non-overdraft. Knowing these two most fundamental things, you will know what blockchain can do.

He believes that the first area to be implemented may be the credit field, and the future of blockchain will ultimately belong to leading enterprises.

Dr. Lao Weixin, partner of Dianliang Capital, shared the "Global Trends in Blockchain Investment and Incubation". Dianliang Capital started investing in the blockchain industry three years ago and has invested in many Chinese companies including Bubu Blockchain. Dr. Lao Weixin said,

"We are more interested in blockchain technology itself. Bitcoin is just one application of blockchain. At the same time, we should not only look at blockchain, but also the integration of multiple technologies, such as blockchain plus artificial intelligence, blockchain plus the Internet of Things, etc. In addition, incubation is the core of our investment. We hope to connect technology with applications. At present, we have established the Qianhai Blockchain Collaborative Innovation Incubator."

Shentu Qingchun, deputy secretary general of the Golden Chain Alliance, elaborated from the perspective of blockchain and financial market infrastructure. He believes that the existing financial infrastructure has many users, complex processes, too many systems, inconsistent interfaces, and troublesome reconciliation. To solve these problems with blockchain, we must first consider three issues: first, whether blockchain can meet the needs of the financial market in terms of platform, performance, business, security, and privacy; second, how to achieve regulatory compliance; and third, and the biggest problem, how to remove existing financial institutions from the financial market.

More than 350 people participated in the forum, which attracted interviews and reports from many media including Guangdong TV, Shenzhen Satellite TV, Titanium Media, and Time Magazine. Through the wonderful sharing of the guests from the shallow to the deep, multi-level and multi-dimensional, from theory to application, this forum not only successfully achieved a direct dialogue between high-quality blockchain projects and the investment community, industry and capital, but also helped investors to face the true value of blockchain and provided high-quality reference and reference for investors in the blockchain boom.

Conference review: 2016 China Blockchain Industry Investment High-end Forum Live