Formed by MIEX and others the Delta Zero Association aims to provide a platform for standards and entering the token framework. The idea is to ensure quality and also consistency. Currently, MIEX has core partners like ANXONE, Forbes Cryptomeria and EXR.
Founded and located in Hong Kong with a group of young, enthusiastic technologists, financial experts they believe in the future of digital assets.
They talk about crossing the chasm, how early adopters learnt about bitcoin and now how we need more than 16% penetration to ensure the swing falls with the majority thereby opening the door for others to follow.
The theme is very similar to space. They describe their organisation and what they are trying to do acts as a vanguard to the evolution of digital assets exchange. They are looking for new issuers, Crypto currency exchanges and Blockchain organisations to join forces with the Delta Zero Association.
Speaker after speaker, the theme of standards, regulatory standards and consistency ring high in the agenda.
At moments like this, I wonder if regulation does have the power of change? For instance, there are a number of Blockchain startups in space or be it space startups in Blockchain: SpaceBit and SpaceChain.
In discussing decentralised launches some speakers focused on layered solutions, it seems that bringing lawyers and financial experts is necessary for this envisaged momentum.
One speaker from Taiwan speaks about tokenising businesses. He believes ICO businesses are over and thinking of bringing bitcoin assets to mainstream.
Ken Lo, deals with large block trades and talks of new technologies and refers to major achievements including having PwC as their auditors. They offer customer services including insurance for their deposit is highlighting it is one of the first in the Crypto industry.
Lo talks about how exciting new partnerships being formed is part of the evolution market.
What do you think of the current market?
Patty Kuo talks about how it could be challenging for the market, though never the less it would probably be better to focus on the technology.
Kenneth Hsia mentioned in that emerging markets e.g. India, South East Asia that such markets and sectors are not ready. Yet at the same time there is great potential opportunity. He emphasises education, retail, handling and purchasing crypto. Equally, he signals we will see which exchanges lasts in the market.
Patty Kuo talks about how they invest in technologies in Korea and how it could be used with other Governments, like exchanges.
Ken Lo on the contrary is quite bullish on the crypto market as it is about change. He said 2017 was the year of ICO. It was a need to help investments. He mentioned for Asia it is not easy to invest in Africa or Mars, but easier for crypto. For 2019 he mentioned there is an urgent regulatory need and it also includes insurance and standards. He believes it would be good for the industry.
According to Kenneth Hsia, he emphasises we can look at Blockchain like new technologies and it is relatively still new. However, if you look at the exchange itself, that is different. If you look at exchanges it has moved very quickly, with lots more resources to more players so currently it appears there is an imbalance. Hsia believes there will be a trend of consolidation and how big players could be more aggressive, whilst the medium and small players need to develop better strategies and edge.
How do you differentiate from other exchanges?
Patty Kuo speaks of getting licences from different countries in Asia and appreciates how important KPIs for banks.
Ken Lo shares he thinks at the end of the day the Blockchain market is actually about people.
What are the trends in decentralisation exchanges?
Curtis Mak talks about addressing the scalability issue, and also on the adoption issue.
Another speaker mentioned that having gone to many for fintech events not much is likely to happen in 2019. There was reference the focusing on education and building products to retail, specifically like places in Taiwan.
According to Kenneth Hsia, 2019 would depend on how many active players in the crypto world. He is amazed how many institutions are utilising this space for education and whilst it won’t happen tomorrow, it will happen over time.
Ken Lo reminds us that there are a lot more tokens now than before. With so many trends of things going down, why not consider investing in the New asset class?
Appreciating that people need to feel safe, with regulatory certainty, with more certain tech and then it is most likely to have greater buy in.
As the discussion falls into more of the same, I think Blockchain and space communities could actually benefit having closer discussions on outreach to the public.
There are similar challenges that both Blockchain and space faces:
NewSpace exploration and Blockchain is still new for majority of people. It is evident from the hints dropped at needed to educate more people in the sector.
Decentralisation. STO. ICOs.
How do you convert technical language to ordinary usage. It may be impossible but then it again how many new words have popped up over the last few years?
In the same way some may ask why should we go to space when we have so many problems on Earth. Like why should we change the system-whatever it maybe to something so new, so foreign or difficult to learn.
For the techies and early adopters this sentiment may not necessarily be shared and rather frustrated by a sense of urgency.
I think Blockchain and space is similar in terms of risk. Not everyone is comfortable with the thought of doing something, investing, buying into something they do not fully understand. That is not to say we can’t educate ourselves and others.
The speakers and panelists at Japan Blockchain 2019 share a theme similar to that in Space. People are keen to develop partnerships, sharing ideas and thoughts on how to move forward.
The question I think also includes how do we reach out to the ordinary folks, the consumer who does not come to attend these conferences, who really has any understanding or interest?
Ken Lo made a good point. If we start with what they know, such as explaining how many things are digital and so hence the development of digital assets is only a natural progression. I think the same of space travel and use the parallel with current airline flights.
Will regulation catch-up with these developments?
How aware are policy makers on these developments?
How can better partnerships be made with the industry?
How can leaders seriously take their business to Blockchain/space?
If Blockchain/space is the next new internet how would you behave differently?
#NewSpace2060 @EUJapanCentre #JBC2019