Author: Isabelle Yeo
The first summit of the Global Media Blockchain was held in the Hong Kong Stock Exchange on July 19. Following the successful conclusion in Hong Kong, the global media Blockchain summit (G25T), hosted by BIMG, was officially opened on August 11 at the University of California(UCLA), Los Angeles.
At the summit, BIMG Institute was formally established to build a global Blockchain research platform and understand the industry’s development trends. BIMG Institute has been founded by several Blockchain experts such as Li Zhijie, the Chairman of the Academic Committee of the BIMG Institute, Chief Scientist of IBM, and Chairman of Blockchain Lab. Robert Herzberg, Senator of California, and other experts from UCLA, IBM US, Tsinghua University and the Renmin University of China respectively explored the Blockchain technology and applications. Being the high-end forum in the field of Blockchain, G25T Summit (hosted by BIMG) is committed to discard the dregs and promote the Blockchain information to disseminate in a convenient, efficient and healthy environment.
Leading good developments, and reshaping the new impetus of the industry
California’s Senator, Robert Herzberg said in his opening speech that the Blockchain represents the future. One of the most important reasons for his return to government functions from the corporate sector is to help the government keep up with the current pace of development in technology. He is well connected in with China, and the listed companies that he invested in have also established factories in China. With his excellent knowledge and understanding of the Chinese economy and technology trends, he hopes to help China and United States to build up communications in the Blockchain industry.
In 2018, we observed the rise of blockchain Blockchain, and most of the emerging industries started engaging Blockchain in their daily operations. For instance, in the first half of 2018, we witnessed a sudden outburst of the industry such as investment, financing, entrepreneurship, technology, application exploration, etc. All of these have become the blockbusters of the scene in attracting entrepreneurs and capital. However, due to the intense growth in the early stages, the industry is subjected to controversy.
Ding Laibin, the general secretary of BIMG, said that Blockchain technology, being the underlying supporting technology of the digital economy, is expected to play an essential role in the integration of the digital economy and the real economy and the cultivation of new impetus for the digital economy. Blockchain technology originated in the United States and expanded in China. It is necessary for China and the United States to have in-depth exchanges on the frontier information of the Blockchain industry.
BIMG is going to work as the bridge and the gateway: “Bridge” refers to the transmission of information, through industry training, multi-dimensional exchanges, to create a central processor capable of linking multiple resources and information while the “gate” refers to information and project control. In this process, members of the BIMG Alliance fully leveraged the supervisory role of the media and found inferior projects that should be eliminated to maintain the health of the industry. Li Zhijie, being the Chairman of the Academic Committee of the BIMG Institute, and also the Deputy Director of the Xinyuan Financial Technology Research, said, “We have seen the tremendous value of the Blockchain and the process of decentralisation in which the consensus works as the basis and the creative process. In the development, we must adhere to the vision of the Blockchain in its value and promote the security and transparency of the industry.”
Insight into the future and empower applications in industry.
Being a disruptive technology, Blockchain has an extensive application scenario. Therefore, the environment that disseminates Blockchain information becomes extremely important because it can influence investors, practitioners and regulators. At the BIMG summit, experts discussed the Blockchain dissemination, and other experts from Danhua Capital, LinkVC, and Standards & Consensus also conducted in-depth discussions on the future development of the Blockchain. Zhang Xiubing, chairman and CEO of Xuanya International, said at the conference that the media plays a vital role in the community. In the dawn of Blockchain, it is indispensable for the media to become the fourth public power to supervise the healthy development of the industry and promote the transparency of the industry.
According to BIMG, the Institute will research on data security, technical security, and scenario application based on the operational characteristics of blockchain technology. Then, they would cooperate with relevant departments to promote the improvement of relevant laws and regulations; the Institute aims to prevent and reduce potential risks and bring new technology development. The negative impact provides an excellent institutional environment for the development of the blockchain industry.
Simultaneously, BIMG Institute aims to develop blockchain services and promote the development of the real economy, strengthen the integration of industry, education and research, promote the integration of blockchain technology, and accelerate the breakthrough of application bottlenecks. Ding Laibin said that in the development of the blockchain, ‘two eyes should be enlarged: one eye to see the present and one eye to see the future’. Thus, the media helps us see the present, and the think tank helps us see the future. If the blockchain-based application is likened to a tree, blockchain technology is like a foundation for providing nutrients. In the entire blockchain ecosystem, BIMG strives to create a clear public opinion air. In the future, BIMG will continue to travel around the world to unite with the global media enabling blockchain.