Chen Ping In Perspective: The Man Who Helped Build China’s Economy, and Why He’s Investing In Blockchain
Before he was a leading voice in the Asian blockchain community, and even before he became an architect for the modern Chinese economy, Chen Ping was a child who lost his father to politics. Both of his parents were idealists, committed to the change they knew the world needed to be better, fairer, more equal. His mother joined the then-progressive Communist Party during her time as a student, seeking a way to empower a common people who had dearly suffered during China’s turbulent history. Meanwhile, his father spent his time making significant strides for the army in military science. The two of them took their vision of a bright future into their own hands. From the time of his youth, his parents’ values of fairness and equality permeated Chen Ping’s upbringing.
Yet, with the ever-changing political climate, Chen Ping’s father found himself branded a traitor. The government banned him from returning to China and to his wife and young son, and Chen Ping would not see his father again for over thirty years. However, it was just before leaving for the USSR that he gifted a young Chen Ping with the full extent of his book collection, passing on a love of knowledge and learning that would stay with Chen Ping for the rest of his days.
“Reading allowed Chen Ping to cultivate his mind and realize his ideological and cultural heritage,” says his biography on the website of his TIDEiSun company, one of the most prominent blockchain companies in East Asia, “Chen Ping’s consistent pursuit of freedom, equality, democracy, and justice in the past fifty years has stemmed from the lessons he learned during this time.”
Like his parents before him, Chen Ping set out to make a change. In 1978, he went to the Shanghai Institute of Machinery Manufacturing Technology, where he studied to become an assistant engineer. His time there pushed him into research and into the CITC International Research Institute, a government think tank. With his parents’ ideals and commitment to building a better world at his back, it was here he began his work towards significant change. In 1984 he attended the Moganshan conference where he proposed a strategic reform to state leaders for China’s economy. They took his work into serious consideration, and implemented it into Chinese development.
Only a little while after this crowning achievement, Chen Ping found himself devastated by the events at Tiananmen Square. This was not a reflection of the fairness and equality he stood for. He resigned from his position at the think-tank, and decided to make a difference on his own terms.
In 1992, he founded the TIDETIME group in Hong Kong, where he worked in asset management and capital operation, and the media industry. In 2005, the TIDEiSun group obtained equity with SunTV, where Ping found a platform to share his belief in equality and fairness. This was his chance to make a difference: he made economic information and ideas accessible to anyone who held an interest.
“A mature capitalist society based on universal values should not only acknowledge that people are born equal, but also grant them equal access to information in their social lives,” he said in The Age of Plunder, a book chronicling his comments during the 2008 economic crisis.
It was in his pursuit of this equality and fairness that he discovered something revolutionary. In 2001, he began to invest in the blockchain. The blockchain is a system with no one person in charge, but rather a system with collective, equal responsibility. No information can be tampered with, with an option for privacy. Its values of equality and fairness resonated with Ping: this was the system he had been looking for.
“Blockchain redefines the relationship of production, changes the relationship between people, and reflects Chen Ping’s pursuit of a sustainable society,” the TIDEiSun website says.
TIDEiSun now houses a multitude of projects, all which help him pursue this goal of democracy for all. SunTV “will create a 24-hour full-range broadcast to provide firsthand blockchain industry information.” Anyone interested in getting involved has the ability to do so. Chen Ping offers this information to everyone.
“The TIDEiSun group is committed to using SUN TV to usher the world into the blockchain era, becoming the voice and vision of a new age of decentralization and equality,” he said in a TIDEiSun article.
Bigger platforms he brought to life like iSunCloud and iSunCrowd work against pre-existing business models that are inaccessible to anyone but the experienced. To do that, iSunCloud offers cloud storage on the blockchain. This ensures no information can be destroyed. Politically unpopular data and sensitive research are all protected under the blockchain. iSunCrowd is the same: a decentralized crowd-sourcing platform right next to the cloud. And of course, it is on the blockchain as well. As Ping says, they provide the freedom of equal opportunity for anyone interested.
“The practice is in developing the Internet platform iSunCloud to give people equal access to information, autonomy, mutual assistance and mutual enjoyment, and establishing the crowd-sourcing platform iSunCrowd to give everyone the chance to become a capitalist,” he says in The Age of Plunder.
Today, Ping has invested enormously into blockchain tech in his desire to bring equality, fairness, and justice. He now owns and manages the biggest cryptocurrency exchange in Hong Kong, and has no intention of stopping there. Like his parents before him, Chen Ping has taken his vision of a bright future into his hands. Through the blockchain, his future is equal, fair and sustainable for all.