FinanceX Plants Seeds in Prosperous Southeast Asia Tour

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FinanceX

5 min readOct 5, 2018

This Friday marks the end of 12 productive and rewarding days for the FinanceX founding team who toured Southeast Asian countries including Vietnam, Indonesia, Malaysia and Singapore.

Indonesian event and MoU signing

The team built relationships, connected with investors, opened doors, and established the FinanceX Labs Blockchain Technology Research Center at President University, Indonesia.

FinanceX held “Blockchain Technology in the 4th Industrial Revolution,” an event at President University where CEO, Peter Dinh, and CTO, Henry Ng, former scholarship students of the university, discussed FinanceX blockchain technology initiatives, and the future of blockchain.

The highlight was the signing of an MoU establishing the blockchain institute where FinanceX Labs aims to educate 500–1000 students each year about this rapidly growing industry moulding what will be the blockchain hub of Southeast Asia.

Henry Ng, CTO of FinanceX will assume the position of Research Chair. Henry has over 12 years of experience in the field of software development and e-commerce. He has served as Chief Executive at Balance Internet, one of the three largest commercial solution providers in Australia and New Zealand.

FinanceX Labs focuses on compliant solutions across industries and an initiative to incubate, invest, and empower blockchain, cryptocurrency entrepreneurs, projects, and communities.

Peter Dinh speaking at “Blockchain Technology in the 4th Industrial Revolution” at PU

Panel Discussion

Following the event, a Panel Discussion for VIP guests discussed “How Blockchain is helping smart cities become more transparent.”

Blockchain has thousands of stand out differences from previous technology foundations: reliable registry of local businesses, a virtual “storefront” for every business, payments and money transfers, smart contracts, supply chain communications/proof-of-provenance and distributed cloud storage.

Peter Dinh expressed his feelings on technological innovation and conveyed a vision for the future of blockchain:

“Technology can be compared to the ever-expanding property of the cosmos. Its inexorable strides are impossible to reverse. Innovations that go out with the ark make room for newer ones, and 2013 was no exception. Now, let’s step into the shoes of a tech seer and try to visualize the advanced technological trends that are going to have ramifications on a planetary scale in the near future.”

Dinner with a national treasure

To top-off the Indonesian experience the FinanceX founding team were invited for dinner at the residence of Mr. SD Darmono, extremely well-known among the Indonesian community and officials as an entrepreneur who is multitalented and a national asset.

Mr. Darmono is Founder and Chairman of Jababeka Group, creators of Kota Jababeka, the largest industrial area in Southeast Asia, and is also the Founder of President University. The group discussed the potential implementation of blockchain technologies in Kota Jababeka, the scale of which would be enormous.

The application of blockchain technology in Kota Jababeka would be immensely positive for blockchain technology, as well as FinanceX!

SD Darmono (center) flanked by FinanceX CEO, Peter Dinh (left), and CTO, Henry Ng, holding their gifts, “Building A Ship While Sailing,” Mr. Darmono’s latest book

Peter and Henry were extremely grateful to receive a gift, “Building A Ship While Sailing,” Mr. Darmono’s latest book.

In the book, SD Darmono describes the last 7 decades of Indonesian development from post World War II through to the modern day challenges of urbanization and the cyber space age.

Other highlights

Also on tour, FinanceX met many potential partners and investors building new relationships, and consolidating others.

FinanceX met with the CEO of HonestMining, Mr. Lawrence Samatha, at Central Park, Jakarta, to discuss a potential partnership, each company benefacting from the other’s skills and expertise.

HonestMining aim to make trustworthy crypto mining that is accessible to everyone, resolving the major issues of the industry today. The desirable movement towards decentralization has to involve miners, and HonestMining focuses on trust and barriers of entry to revamp mining for the better.

On the left, FinanceX CEO, Peter Dinh, and on the right, HonestMining CEO, Lawrence Samatha, in partnership discussions in Central Park, Jakarta

The team met with many other interested parties, ACE Global Financial Ltd. for example:

FinanceX meet with ACE Global Financial LTD at their offices in Kuala Lumpur, Malaysia

FinanceX are planting the necessary seeds to succeed in this competitive market. The reception to our fiat-to-coin trading pairs initiative ahs been overwhelmingly positive. Accessibility is one of the most important factors in future mass adoption of cryptocurrency.

Currently, the cryptosphere is still closed off to the general public. A lack of understanding combined with the horror stories they have heard does not make it easy to reach the average person.

FinanceX makes the process simple with a user-friendly exchange, fiat support, and quick measures to cash-out. With an interexchange network just around the corner, it’s not hard to envision a global platform where everyone uses their own fiat to access any coin they want!

Don’t forget to grab FNX tokens before the Presale ends!