On July 11, more than 150 distinguished guests from global blockchain field participated in Hong Kong Blockchain Summit Forum jointly organized by Higgs Block, Ausvic Capital and Token Foundry.
Hong Kong, Hong Kong – August 7, 2018 —
The grand meeting will show the general orientation of the future development for blockchain for readers.
On July 11, more than 150 distinguished guests from global blockchain field participated in Hong Kong Blockchain Summit Forum jointly organized by Higgs Block, Ausvic Capital and Token Foundry, including the co-fouder of Ethereum Joseph Lubin, CEO of Token Foundry Harrison Hines, president of Ausvic Capital Chen Ping, CEO of UCF Group Hu Xiuren. These distinguished guests gathered here to have a joint discussion about the ecological system of blockchain industry.
The meeting started with the speech from CEO of Token Foundry Harrison Hines and president of Ausvic Capital Chen Ping. The following opening was the discussion about “The differences and highlights between Asian and American blockchain projects”. Later, the co-founder of Ethereum and CEO of ConsenSys Joseph Lubin made a passionate speech.
The man in the left photo is the CEO of ConsenSys Joseph Lubin
and the right one is Mr. Chen ping who is the chairman of Ausvic Capital delivered a speech
The co-founder of Ethereum Joseph: There exists congestion in Ethereum. In the first stage of the ecosystem, the blockchain technology and Ethereum technology are not fully mature, so all trades in the network are treated through nodes. But the node has storage problems—low efficiency and congestion. However, it gradually enters the second stage now. Soon we will have some new technologies, which can successfully have hundreds of thousands of trading volume per second, so the technology expandability is very high to better ensure the security of Ethereum.
After a joint discussion about sharing the experience of blockchain investment，the co-founder of Ethereum Joseph Lubin also said, Consulting work is a large business flow for us. Our team needs more labor resource in law, finance, and market. It is surely not easy for different teams and different departments to keep the same step. But we really hope to be more flexible and more flattening to develop along with this netty structure.
When Joseph mentioned that when blockchain could be widespread like Internet, he said, now we are improving the expandability of the second level. Ethereum network will soon support hundreds of thousands of trading volume per second. With different projects, we can be more mature to working on them. Soon most systems in the world now will use the blockchain technology more or less.
The chairman of Ausvic Capital Chen Ping said，Artificial intelligence and Internet of Things both serve for blockchain! The blockchain technology will be successful with the good design of economic incentive. Only after the digitizing of all capital will the blockchain technology play a better role. The influence of blockchain technology on the economy just gets started and there is still a long way. In the next two years, blockchain will mainly focus on solving the problem of the capacity and speed of public chain.
Chairman Chen Ping also said，Blockchain users make money and the future world must be a platform freely created smart ones!
The whole world will be rapidly changed by smart people. The wealth among people will become more and more equal and the world will be more peaceful. Only after the digitizing of all capital ，there may be global digital currency accepted by people. Most parts of Token must be security at present. The supervision is certain to be strengthened in the future. Every country will hold out the finance, this important defensive line.
CEO of Token Foundry Harrison said，the core of decentration is to have trust! Many people don’t want to hold it, they want to sell it, like intelligent contracts. We hope that our investors can truly use it rather than just holding it or having speculative investments. In this way, we can make people know about what decentralized network is so that it can truly change the world.
Harrison said: it is like an enterprise and we should not only check its advantages and weakness but also consider whether it can help to solve actual problems. The future efficiency must be higher and the costs must be lower. And there must be new business mode produced on this open system in the future. So what we imagine now is to assume there exists such a thing or technology, how we can make good use of it.
Huo Li CEO of Huobi Capital said: There are many technological and business modes nowadays, so looking for a better team is undoubtedly very important. A good team should combine everything well. Actually the traditional venture capital is the investment round by round. We can borrow many methods from traditional venture capital. The core in decentration is to have trust.
Deng Ke President of Higgs Block said, We hope to focus on those new comers and make more efforts. The success of this meeting is the description for the future development of blockchain. The main problem for blockchain industry is the low speed of public chain. If the speed problem of public chain can be quickly solved, the development of whole blockchain industry will speed up and many industries will become better!
The guests present in this meeting were some old Hong Kong families, several bosses and family wealth funds, a part of important figures in business and financial circles, representatives of Hong Kong blockchain investment companies and so on!
Higgs, founded in August, 2017, is a Singapore-based technology company with blockchain technology as the core. It mainly involves the blockchain business, aiming at building a more creative, equal and effective scientific and technological ecosystem of blockchain .At present, Higgs has finished the arrangement in many countries and regions.
Founded in 2018, Ausvic Capital is a cutting-edge technology investment firm joint force led by a group equity investment veteran. The founding partner has years of management experience in large real estate enterprises and rich knowledge in venture capital investment and corporate development. The fund has $300 million USD assets under management, and its investment focus includes biotechnology, digital economy, and AI+ cloud computing. In addition to the capital injection, it also provides talents and technical guidance to assist in the stable and rapid expansion of these portfolios.
Name: Alma Li
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