Blockchain Revolution

Xiaochen Zhang, Founding Partner of FinTech4Good and a Contributor to CCTV-America participates in Risk Roundup to discuss Blockchain Revolution.

Overview

The blockchain revolution is here.

The blockchain technology brings forward a potential to provide individuals and entities across nations: its government, industries, organizations and academia (NGIOA) a trustable digital infrastructure for a fair and balanced economic ecosystem that is based on shared information and distributed trust that is transparent and trackable.

The blockchain driven transformation seems to have blurred the boundaries between cyberspace, geospace and space (CGS). As the blockchain driven digital infrastructure provides digital security and brings forward a barrier against socioeconomic instability, it becomes a driving force of the digital global age, where the rules for competition and collaboration are just beginning to be re-written.

The question is no longer whether the digital disruption, transformation and revolution that we are witnessing today on the backbone of blockchain will transform industries and economies, but, rather, how will they do so.

As blockchain promises the digital infrastructure of a digital global age, what is the nature of transformation possible in cyberspace, geospace and space? It is important to evaluate –

  • How are nations responding to the blockchain driven revolution that would bring transparency, trackability, trust and accountability in the decisions that are made across nations?
  • How are blockchain technology leaders and visionaries concerned about this lack of collaboration and cooperation. How do they plan to address the concerns in context with poor connectivity, weak governmental institutions and ill-defined or unstable policy environments?
  • As the role of middleman diminishes, how will blockchain bring back trust, transparency and accountability in blockchain based systems at all levels?
  • How serious are the NGIOA decision makers and institutions about the blockchain technology?
  • How will we be able to solve big problems on the back of blockchain technology? When it comes to re-designing, and re-defining systems at all levels, how will we use blockchain technology effectively?
  • Are there any problems or issues that needs to be resolved for using blockchain technology across nations? Where is a need for more effort?
  • How does blockchain change course for emerging markets?
  • What challenges are facing global currency as cryptocurrencies provide people across nations with instant, secure, and frictionless money. What is the future of cryptocurrency?
  • What are the most promising blockchain use cases and initiatives taken across nations?
  • How many blockchains are in use or development? While there are many blockchains in development across nations, which blockchain excites nation’s most?
  • What type of applications are being built using blockchain technologies across industries?
  • Since blockchain seems to be becoming appealing for alternative systems that are fit for a digital global age, what is the timeframe of commercialization of applications?
  • How to effectively scale blockchains across nations geographical boundaries while maintaining the national security?
  • How to ensure NGIOA cooperation and collaboration?
  • How to effectively manage the concerns about privacy and security of data?
  • What are the obstacles that needs to be overcome for the adoption of blockchain technology?

Blockchain seems to be a much-needed digital infrastructure for socio- economic development across nations.  While blockchains are causing a technology revolution across nations, it is important to evaluate what else is necessary for the technology transformation to succeed. Now is a time to talk about risks and rewards!


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About the Guest

Xiaochen leads the design and implementation of FinTech4Goods’s strategy which aims to introduce cutting edge fintech and blockchain solutions to emerging markets through incubation, acceleration and investment. He brings more than 16 years of thought leadership and global experience to build impactful solutions and scale up innovative ideas in North America, Africa, Latin America, Europe and Asia.
He serves on the Crowdfunding Professional Association Board of Directors, UN ESCAP Digital Economy Task Force and as a senior adviser of the China Social Entrepreneurs Foundation and Inter-America Development Bank. He is also the co-chair of the Insurance Blockchain Lab, Smart City Blockchain Lab and Blockchain4SDGs Lab.
Prior to FinTech4Good, Xiaochen advised government agencies and multinational organizations on innovation, emerging technologies, and investment in positions at the World Bank, United Nations, and other international partnership platforms. He also taught innovation and venture building at leading business schools and served as mentors for many innovative businesses.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

Risk Roundup, a global initiative launched by Risk Group, is an integrated cyberspace, geospace, and space (CGS) strategic security risk dialogue for individuals and entities across nations: its government, industries, organizations and academia (NGIOA).

Risk Roundup is released in both audio (Podcast) and video (Webcast) format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group

Risk Group is a strategic security risk research organization. It focuses broadly on the risks facing individuals and entities across nations: its governments, industries, organizations, and academia (in short referred to as NGIOA). Its approach is broad, encircling cyberspace, geospace and space (in short referred to as CGS). It firmly believes that collaboration within, between and across NGIOA will be mutually beneficial to all stakeholders across nations—for not only in the identification and understanding of critical CGS security risks facing one nation, but all nations.

Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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