Beijing Private Event | Krypital Group, Leader of Blockchain Industry, Making the Impossible Possible!
Krypital Group
At 3 P.M. (Beijing time) on June 22, the 2018 World Tour “Making the Impossible Possible,” hosted by Krypital Group, kicked off in Beijing. The world’s leading blockchain consulting company, Krypital Group, invited several well-known investors, blockchain entrepreneurs, and industry leaders to a special closed-door meeting in Beijing.
The theme of the tour is “Making the Impossible Possible.” Krypital Group, together with partners CyberMiles, ArcBlock, Merculet, Egretia, Eloncity, Quoinblock, Tokeneed, and other companies will share opinions, as well as discuss significance, new applications, and future development of blockchain.
Event Review
The Beijing Private Event is the first stop of the 2018 World Tour hosted by Krypital Group, and the event provides a great platform for industry communication. Krypital Group not only shared the outcomes of its work, but also discussed with guests the recent and future developments of Blockchain.
Guests excitedly discussed possible future development of Blockchain technology in the event courtyard.
Excellent Speech
The meeting formally started at 3 P.M. (Beijing time). CEO & Co-founder of Krypital Group, Maggie Wu, made a riveting opening speech, sharing Krypital Group’s outstanding achievements with meeting attendees. The three main achievements, Global Strategic Layout, Cross-Industry Resource Integration, and One-Stop In-Depth Planning, received praise from guests.
With the rapid development of the e-commerce industry, problems such as central platform monopoly, high operating cost, supply chain and user data information have gradually appeared. In his speech, Dr. Lucas Lu, Founder & CEO of CyberMiles, discussed how CyberMiles used blockchain to solve these issues. He also discussed CyberMiles’ recent status on the mainchain developing, rigs mining, and supernodes setting. Dr. Lu also optimistic on the development of distributed economic. He believes that blockchain is the next important stage for the growth of a distributed economy following the development of agriculture, industry and Internet.
Founder Robert Mao, shared news of the upcoming OCAP Playground with audiences through video chat. OCAP Playground is a tool for developers built on the Open Chain Access Protocol (OCAP), which allows developers to directly access various kinds of blockchains. Using OCAP Playground, developers can develop, design and debug GraphQL-based queries.
In his keynote speech “Creating Possibilities into Realities,” Ivan Jiang, CEO of Merculet, shared his belief that blockchain technology will completely change existing social production relations and that token operations will be the next most advanced productive force. Creating token, establishing a deep belief in token, and working together to build a new ecosystem are the keys for token operation. As a sort of Chief Growth Officer for global entrepreneurs, Merculet can effectively help entrepreneurs to achieve full token operation through its core products, the GaaS platform and Simplet (STP), as well as through open platforms.
Blockchain technology brings new opportunities as well as a series of challenges to the HTML5 industry with challenges that include tools, public chains, payments and communities. Peter Huang, founder of the world’s largest HTML5 blockchain platform, Egretia, gave a detailed introduction of the HTML5 blockchain development workflow. Without paying attention to the complex underlying technology of blockchain, developers can easily and efficiently create blockchain applications through the workflow. Egretia has also built four core platforms and an incubator to provide comprehensive blockchain solutions for developers, content providers, channels, advertisers, and players, in the hopes of building the ideal HTML5 blockchain ecosystem.
Eloncity attracted much attention from participants with its unique blockchain application of providing solutions for clean electricity. Andy Li, founder of Eloncity, is a well-known expert in the energy industry and is also the founder of POMCube, an R&D company for household energy storage systems. Andy Li believes that the reason why current renewable energy cannot be used on a large scale is due to extreme costs. Therefore, Eloncity provides solutions that reduce the cost of renewable energy, including solutions such as blockchain-based power trading systems, streamlined solar panel installation, DC powered homes, blockchain-based Battery Energy Storage System, direct-current power conversions networks. Eloncity will eventually open up free technology for the public to build their own power facilities. Their ultimate vision is to make renewable energy virtually free, 24 hours a day, 7 days a week.
Although this was the first time for Quoinblock present in public, it has already captured the attention of FBG Capital. Quoinblock is formed of members from a world-class univeristy information security team. Bangdao Chen, founder of Quoinblock, is a senior expert in the field of information security and possesses more than 15 years of industry experience. Quoinblock’s main focus in operation is blockchain security. Chen shared in his speech that Quoinblock combines automatic verification tools using smart contract writers to ensure the security of smart contracts for business applications. An anti-quantum scheme that has recently applied for a patent will further ensure the security of blockchain. It is a solution that not only maintains the decentralization of blockchain but also meets governmental regulatory criteria (such as anti-money laundering) to ensure the compliance of blockchain. This innovative hybrid mining mechanism can help avoid excessive energy consumption, at the same time, is highly efficiency and decentralized.
Round Table
Theme of the Round Table
Blockchain, as the “Internet celebrity” of the current technology industry, has attracted more and more traditional investment institutions with its rapid development. Compared with traditional investment, blockchain investment is quite different in terms of investment and return. The Beijing Private Event invited three guests from different companies which have successfully transformed from traditional investment to blockchain investment. They discuss and share their opinions on the difference between traditional investment and blockchain investment and also share their opinions on the future development of blockchain.
Introduction of Guests
- Xin Wen, Co-Partner of Ceyuan Ventures
- Ye Tian, Managing Partner of Alpview Capial
- Shangru Lin, Managing Director of JRR Crypto
Q1. Opinions on the differences between traditional investment and blockchain investment.
Xin Wen: The investors are mainly favor on the Blockchain projects with large market-size, innovative technology, and creativity.
Ye Tian:Traditional investment institutions will first consider the capital flow. But blockchain investment has high flexibility in its early stages, thus making it impossible to use traditional strategies in valuation. Traditional investment may take 5 years or more. So when entering the world of blockchain investment, patience becomes extremely valuable when evaluating programs.
Shangru Lin: Strategy criteria for choosing traditional investments and blockchain investments are similar. The main difference is that blockchain investment has more flexibility and it is easier to earn a large amount of funds in the early stages. The team may lost their incentive to keep developing the project and make the company go public. And lastly, mergers and acquisitions that often occur in traditional investment have yet to appear in blockchain investment.
Q2. Which field of blockchain do you think is most promising and what do you predict as far as the development of blockchain?
Xin Wen:The vast majority of bitcoin exchanges did not trade on the platform. Some of the trading platform does not have sufficient cryptocurrency reserve. This certainly makes negative influence on the market stability. The cryptocurrency market is expected to undergo a large-scale shuffle in the future.
Ye Tian: Right now, competition between public chains is so fierce that it could lead to a big shuffle in public chains. When compared to perfect competition in traditional Internet applications market , blockchain applications will see more opportunities for being implemented. And I am even more optimistic about blockchain programs targeted towards landing applications.
Shangru Lin: Currently, there are only roughly 10 million users of digital currency worldwide. There are billions of people have yet to enter the world of digital currency. So I am most excited about channels that guide the public to blockchain technology, such as purses, exchanges and so on.
The world’s first ERC-721 T-Shirt Concept
At the end of the Beijing private event, Krypital Group released the world’s first ERC-721 limited version T-shirts. Each T — shirt’s own UID corresponds with an ERC-721 token (KT) , and ERC-721’s properties make each T-shirt unique. Krypital Group’s limited 2100 ERC-721 tokens are only one part of our real asset-mapping experiment. In the future, more interesting and multifunctional features will be unveiled and implemented. KT owners will be able to unlock more attractive benefits sponsored by Krypital, which means it will ultimately turn out to be a more valuable and entertaining item while not just be considered as a collectible.
The first stop of the 2018 World Tour “Making the Impossible Possible,” hosted by Krypital Group in Beijing, was a huge success. This high-quality private sharing event provided an excellent platform for communication for industry professionals. Moreover, the tour also covered how to resolve issues in the development of blockchain technology. The rapid development of blockchain technology provides opportunities and challenges for the players in the field. As a global leader in blockchain consulting, Kripital Group will work together with other excellent partners and pave the way for the promising future of blockchain.
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