AlphaNu’s is comprised of team members from a diverse background including hedge funds, blockchain, quant finance, IT, and cryptography. But we also have an assorted team of advisors from various backgrounds. Over the next week, we will be highlighting our advisors and their backgrounds. This Advisors Series allows us to introduce our advisors’ backgrounds so you may have a deeper understanding of AlphaNu.
The first advisor we like to introduce in our series is Allen Sung. He has an exciting background and is currently the Deputy Chairman of Allis Electric. Allis is always on the lookout for new technologies and is heavily researching into the use of blockchain technology and fintech to design smart grids of the future.
1. Tell us about your background.
I was born in Taiwan but did my education the United States of America. I worked in Japan for several years before I returned to Taiwan. I am presently the Vice Chairman of Allis Electric Co., LTD, an industrial electrical power supply company based in Taiwan. I also serve on the board of several related companies and as an independent board member for a Taiwan OTC listed company.
2. How do you feel about blockchain’s future development?
I believe that blockchain acts as one of the most effective tools to establish trust and connect two parties without an intermediary, especially for contractual or value transfer. Its potential in this regard is limitless; there are hundreds of use cases for it in the financial world and in any situation requiring disintermediation of trust.
3. Can you see any potential impacts that blockchain will have on your industry?
With respect to AlphaNu, I believe that their vision of enabling access to algorithms for everyone is very similar to the key tenets of blockchain technologies; although the initial version will still be run in a centralised manner, as the technology for blockchain ages and becomes more reliable and stable, it will become possible to operate decentralised marketplaces that reward value creation.
4. What motivated you to become an advisor?
Having been very interested in the possibilities of how blockchain can be applied, I was very curious to see how it could be used. A marketplace is one of the most complex ecosystems to operate and being able to introduce blockchain elements to increase the level of trust and disintermediation in the industry is an excellent idea. I strongly resonate with the value proposition that the AlphaNu team is offering to the algorithm trading industry and believe that their business model is one of the few that would be accepted by governments all across the world as a feasible approach to supporting automated trading.
5. How do you think AlphaNu will create change?
The AlphaNu team will be able to provide the average investor with all the complex tools of quantitative analysis and big data analysis that was previously only available to large funds or brokerage houses. With their model in place, every investor and trader will not only be able to maximize their investments, but do so in a safe way that allows them to get a good night’s rest. At the same time, the knowledge powerhouses who are developers of algorithms and AI for Fintech are able to explore new geographical markets that were previously closed off to them without the intervention of the AlphaNu team.
Contact
Linkedin: https://www.linkedin.com/in/allen-sung-8685364/
Website: www.allis.com.tw
