CEO of Populstay on TV
Dr. Walter Wang expressed his views on digital currencies
Blockchain as a Topic
Blockchain provides a business model that implements peer-to-peer, decentralised and non-intermediary concepts. This is a platform for trust. Its disruptive potential has been compared to that of the Internet. That is why people call it “the Internet of money” or “the Internet of value”.
The underlying technology is the biggest innovation in computer science — the idea of a distributed database where trust is established through mass collaboration and clever code rather than through a powerful institution that does the authentication and the settlement, — says Tapscott Group CEO, Don Tapscott
On January 4, Phoenix TV broadcasted a program on the topic “Digital Currency: Cold Winter”, as recently this topic has been widely used in conversation and the blogosphere.
Dr. Walter Wang, the founder of PopulStay, was invited to the program by Phoenix TV’s, together with Xie Yaxuan, the chief macro analyst of China Merchants Securities, Shengli Zhang, the executive Deputy Director of Blockchain Technology Research Center, Le Xia, chief economist for Asia at BBVA. The Founder expressed his views on the application of blockchain technology and the status quo of digital assets.
About Dr. Walter Wang
Dr. Walter Wang is the founder and CEO of PopulStay. He obtained the Bachelor’s degree in Computer Science in 2008, and Ph.D. in computational biology in 2013 from National University of Singapore. Nowadays he is known as a computer/data scientist and entrepreneur.
Walter Wang successfully cashed out his previous company to launch Populstay. The new company was created on the 25th of January, 2018. Today he is working hand in hand with his team from all over the world. His aim is to bring blockchain technology into the existing home sharing community, such as Airbnb, as the most famous example.
Comment of Populstay
The Founder of Populstay, Dr. Walter Wang, pointed out that blockchain provides a good decentralized model without intermediaries. Blockchain is based on trust as evertything is recorded and publicly available for enquiries. Although technology cannot solve the problems caused by human nature, such as evil behaviour, it can help improve the situation.
Dr. Walter Wang mentioned the economic model of Populstay. PopulStay is a Dapp, which redesigns and rethinks the home sharing economy for the next decade using blockchain technology. PopulStay is different from the current booking community in terms of using smart IoT devices, AI chat robot, P2P messaging & communication and crypto payments.
The Populstay project aims to create a new sharing economy generation, and enable smooth booking and payment experience for global travellers. It provided a solution where value provides and consumers are able to exchange value directly, efficiently and seamlessly.
Other Opinions
Here is a summary of other participants’ views from the program.
Xie Yaxuan, the chief macro analyst of China Merchants Securities:
The price of digital assets has been drastically adjusted lately. This is especially true for Bitcoin, which is an iconic asset of the past decade, and its current collapse is not a surprise.
Le Xia, chief economist for Asia at BBVA based in Hong Kong:
From the psychological point of view, we do not have any consistent expectations towards cryptocurrencies yet. The market is still looking for the real value of digital currencies, so large-scale fluctuations are unavoidable.
Shengli Zhang, the executive Deputy Director of Blockchain Technology Research Center:
I think that blockchain technology will be inevitably applied in different industries. As a technology, blockchain will slowly enter all aspects of life, just like the Internet, but this may be a long process.
