According to industry media reports, recently, the "2020 New District Trend Blockchain Technology Finance Summit" sponsored by 36Kr and Odaily was held in Beijing. Many authoritative experts and professors from financial institutions such as funds, securities, banks, and Amber Executives from industry leading institutions represented by Group gathered here to share new information on financial technology and discuss the future potential of blockchain. Amber Group CEO and co-founder Michael Wu was invited to attend the summit and participate in the round table discussion.
The first roundtable discussion of the conference, with the theme of "The Prospect of the Traditional Financial World for Blockchain", included China Telecom's blockchain including Amber Group, Zhongan Group's Zhongan Enterprise Anchain, Hainan International Energy Exchange Center, China Information Technology Co., Ltd. Representatives of Communications Research Institute, Suning Finance, Guosheng Securities Blockchain Research Institute and other enterprises gathered to participate in the discussion. The guests shared their perspectives on the traditional financial world's blockchain from the perspective of blockchain technology, industry and application implementation. the opinion of.
Michael Wu believes that a great significance of the blockchain to the real economy lies in the mobilization of resources, helping the real economy to mobilize resources better. As a new technology, the blockchain itself has great advantages, such as its openness, which has lower participation threshold and more open participation, which brings more sufficient competition, which in turn translates into Higher efficiency and lower cost will ultimately benefit the end users and investors.
Talking about the significance of blockchain to traditional finance, Michael Wu emphasized that this is reflected in its transparency. Because although the traditional financial field attaches great importance to "risk", many risks in traditional finance are sometimes placed behind. Encrypted finance is very different from traditional finance in that it is global and innovative. Encrypted finance is a 24/7 production technology that allows participants around the world to participate in the innovation of financial solutions. However, the development of encrypted finance is still in a very early stage, and the boundary of blockchain technology’s penetration into traditional finance is still inconclusive. However, due to the superiority of blockchain technology itself, it will attract more and more talents and talents. Excellent companies participate in this industry, thereby promoting the wider application of blockchain technology.
Michael Wu concluded that any new technology will experience a critical point of acceleration from zero to widespread application. The blockchain and encryption industries are far from reaching this critical point. Now developers and practitioners participating in this industry can Enjoy the first-mover bonus, and have a very optimistic long-term attitude towards blockchain technology and the encrypted financial industry.
It is reported that Amber Group was established in 2017 and is headquartered in Hong Kong. It is a leading global encrypted financial intelligence service provider in the industry. It conducts transactions across 15 countries and more than 60 electronic trading platforms, with offices in Taipei, Seoul and Vancouver. There are branches, providing 24-hour all-weather services for more than 200 well-known large institutions throughout the year. As of June 2020, Amber's cumulative transaction volume exceeded US$200 billion, and its asset management scale was approximately US$150 million. In the near future, Amber Group will plan to launch a comprehensive encrypted financial intelligence application on the mobile terminal to serve a wider range of users around the world more efficiently and conveniently.
