December 21, 2020, 10am-11am

Some of the benefits blockchain will bring to the healthcare industry includes faster payment along the value chain (either payment to vendors in supply chain or payment to patients in medical insurance claims etc.), and tamper-proof audit trails for administrative or regulatory purposes.

Shorter or instant payment time because everybody is using the same ledger, thus no reconciliation needed.

Tamper-proof because blockchain promises immutability to verified data.

Blockchain Technology & IoT, Linking Medical Research To Healthcare Industry

The above file was presented in a webinar (through Webex) titled
“Blockchain Technology & IoT Linking Medical Research to Healthcare Industry” back in 21st December 2020, 10.00 am – 11.00 am GMT+8.

Video link: https://www.facebook.com/informm.usm/videos/1390535027783816

Thank you USM for hosting such a great webinar.

The post Blockchain Technology & IoT, Linking Medical Research To Healthcare Industry appeared first on Blockchain Insider.

The green bond market is growing at a fast pace and has already reached over $240 billion.

While Africa and the Association of Southeast Asian Nations, or ASEAN, are recognized as the most promising markets for green bonds, the issuance volume remains comparably low due to the lack of trust and clear guidelines on green bonds issuance, as well as a lack of investor awareness.

The logic of any existing or future green bond framework or methodology can be described in the form of smart contracts and their integration with impact monitoring solutions. The impact is then automatically monitored, recorded on a blockchain with high transparency and immutability, and then attributed to the relevant financier. This opens doors to the issuance of programmable SDG bonds and blended finance instruments with their financial parameters linked to the impact data acquired directly from the project site.

Above notes excerpted from the article: Finding Digital Answers to Global Sustainability Threats By CoinTelegraph’s Guest Authors Alexey Shadrin, Tom Baumann, Marina Spitsyna and Miroslav Polzer.

Interesting enough, some hints from the cover of one of the recent issue of The Economist:

Islamic Green Finance – Blockchaining Sukuk

While Malaysia and the World Bank had successfully launched and proceed with a Green Bond project on Solar Energy farm, it is time for us to move further by implementing Emerging Technology to the working of it.

The key is to get a pilot project on this and deliver the PoC asap so we can move to the real market use on a wider scale.

Here’s my 2 sats about Blockchaining Sukuk, part of the content for a previous briefing to World Bank Group Malaysia Global Knowledge and Research Hub:

Programmable Money

What makes things more interesting is the technology ennoblement.

What we have now is truly border-less, programmable money backed by immutable computer systems based on pure logic & mathematics.

As what had been brought up in the topic “Do We Need A Nation-State Backed Crypto Exchange?“, money is a topic not to be missed.

Excerpt from the book by H.G.Wells:

There is one aspect of money to which the majority of those that discuss it seem to be incurably blind.

You cannot have a theory of money or any plan about money by itself in the air.

Money is not a thing in itself; it is a working part of an economic system.

Money varies in its nature with the laws and ideas of property in a community.

As a community moves towards collectivism and communism, for example, money simplifies out. Money is a necessary in a communism as it is in any other system, but its function therein is at its simplest.

Payment in kind to the worker gives him no freedom of choice among the goods the community produces. Money does. Money becomes the incentive that “works the worker” and nothing more.

But directly you allow individuals not only to obtain goods for consumption, but also to obtain credit to produce material for types of production outside the staple productions of the state, the question of credit and debt arises and money becomes more complicated.

With every liberation of this or that product or service from collective control to business or experimental exploitation, the play of the money system enlarges and the laws regulating what you may take for it, the company laws, bankruptcy laws and so forth increase.

In any highly developed collective system the administration will certainly have to give credits for hopeful experimental enterprises.

When the system is not collectivism, monetary operations for gain are bound to creep in and become more and more complicated.

Where most of the substantial side of life is entrusted to uncoordinated private enterprise, the intricacy of the money apparatus increases enormously.

Monetary manipulation becomes a greater and greater factor in the competitive struggle, not only between individuals and firms, but between states.

As Mr Streit himself shows, in an excellent discussion of the abandonment of the gold standard, inflation and deflation become devices in international competition.

Money becomes strategic, just as pipe lines and railways can become strategic.

Image by MichaelWuensch from Pixabay

The post Some Notes on Bond And Money appeared first on Blockchain Insider.

An interesting point of discussion was how the emerging tech jobs such as Youtuber or Instagrammer was not included in the curriculum of “conventional” educational institution, but rather the street smart generation are doing good with professional works in such areas as e-commerce traders, net celebrities etc.

Shared a little bit about a century of technology innovation from one of the slide of presentation file below:

Also the important of educational institution to train enough human capital for the progress of the nation through advancement of technology, such as the automotive industry by itself, specifically the field of Blockchain and The Automotive Industry.

Get to know these professors during the meeting:

Prof. Dr Rehana,
Prof. Dr Yap Bee Wah,
Prof. Dr Norjansalika Janom,
Prof. Dr Fakhrul Hazman, Community Chair of C.O.D.E.R (Community for Distributed Ledger), where they focus on
Blockchain,
Mining in Blockchain,
Distributed Ledger,
Fintech applications in Distributed Ledger,
Distributed Ledger Technology and applications,
Public permissioned, public permission-less, private, consortium based blockchain,
Related technology on storage, consensus etc.

Interesting to pass by the Big Data Lab where the students were having Machine Learning training.

The post Bridging Industry-Academic Gap @ UiTM Shah Alam appeared first on Blockchain Insider.

Tokenization is the process by which the real asset value of the property is represented digitally on the blockchain in token form.

What problem is Tokenization trying to solve?
Fractional ownership and Liquidity, some over priced and over supply issues perhaps.

How?

Create and mobilize new form of capitals.

Challenges?

Trust. Circulation. Legal.

Bringing Down Borders

If I were to develop a city, and I issue a token which has these 4 characteristic or functions:

1) Security
Token holders entitled to earn certain income or profit sharing for x number of tokens hold over y amount of time.

2) Privileges
For upcoming or in-house projects, token holders entitled to special price or privileges.

3) Utility
Token holders can use their token to pay for services or products under internal environment, such as inter-city spendings.

4) Currency
This token is acceptable by other cities or entity other than the issuer.

Now, tell me what breed of “money” shall we identify this token?

The key is programmable money.

It is good that we have the direction of coming up with technical and policy framework for programmable money first.

Implementation wise, it is do-able technically due to its programmable nature.

Take the analogy of a simplified illustration of daily life of a working male adult:

Early morning as he steps into the office, he will play the role as an employee of the company, where his action will be bound by company rules and (common) work culture.

After office hour, as he transits back from company to home, he would be bound by social etiquette and city rules along the way.

At home, he could be playing the role of a husband, and a father to his children, where family values play the major factor defining the activities he could be carrying.

Condition of a situation may define the role and characteristic of an entity, thus resulting in the activities and produce the consequences.

Quantum elements exist in the thought process.

Presentation slides used:

Follow up news:

It is interesting to note that one of Malaysia’s initiative is featured in one of Coin Telegraphs report on Municipal Crypto.

A Mechanism To Fund Certain Projects

States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods while helping governments to fund projects.

The minimum bond investment is $1,000, although they are usually sold in batches of $5,000. People who want to invest less simply cannot do it. Cryptocurrencies and tokens could be used for assets under $5 million and enable investments under $5,000.

The main mechanism for municipal cryptocurrency is the securitization of assets.

* Securitization is the process of establishing a financial instrument that merged from various financial assets into one group.

The post Tokenizing Real Estates appeared first on Blockchain Insider.

1) For your 16th April talk to my group, focus less on Cryptocurrency. Members want to know possibilities of Blockchain applications in their businesses.

2) Please also include real life cases on how Blockchain has been successfully implemented in the above. My members are more interested in reality than theories.

3) More important is to be engaged with members during presentation and sharing.

No problem with all of above requirements, quite common nowadays.

Try to explore more from tokenomics or datanomics point of view, rather than pure currency viewpoint.

You want that immutability, transparency and traceability part of it, that trust element. And if you do away the tokenomics part, you are letting go the most important power the technology brings.

For instance, incentivizing good behaviour.

People are reward centric. Annual appraisal for salary increment, performance bonuses, sales incentives, etc. Why do we have these? As encouragement or as token of appreciation.

Once you understand thoroughly, you won’t discard the monetary (whatever you want to call) part of it.

Money makes the world goes round. Data is the new oil, explore datanomics.

Just a matter of perspective.

Opencert

On 3rd May 2019, Channel News Asia reported the ‘tamper-resistant’ digital certificates project by Singapore’s government.

The Blockchain use case by Singapore’s government shows the city state’s pro-blockchain stance and its progress implementing the technology at a national level.

It states the reason they use Ethereun(ETH) in Open Certs Project FAQ page:

Ethereum is the blockchain network with the largest developer base, as well as having a large number of participants securing the network.

Nike’s Cryptokicks

Nike Digital is a $2 billion digital commerce business.

Nike files trademark application in the US for ‘Cryptokicks’.

International Class(es): 036 – Primary Class:

“financial services, namely, providing a digital currency or digital token for use by members of an on-line community via a global computer network; facilitation of financial transactions using unconventional currency systems and bartering, namely, facilitating transfers of electronic cash equivalents; facilitation of crypto-currency transactions, namely, virtual currency exchange transaction services for transferrable electronic cash equivalent units having a specified cash value; …”

“This appears to be a filing for a brand of a #cryptocurrency … this is trademark speak for ‘this is a cryptocurrency called Cryptokicks.” ~ Josh Gerben, a trademark attorney in the U.S. who analyzed the filing on Twitter.

Jaguar IOTA

Another use case for cryptocurrency by big brand in the making after Nike’s Cryptokicks move:

United Kingdom car manufacturer Jaguar Land Rover will use blockchain network Iota to reward drivers with cryptocurrency for data reporting.

“In the future an autonomous car could drive itself to a charging station, recharge and pay, while its owner could choose to participate in the sharing economy — earning rewards from sharing useful data such as warning other cars of traffic jams”

A year ago, Germany-headquartered car manufacturing giant Daimler AG, famous for its Mercedes-Benz and Smart brands, presented its own Blockchain-based digital currency MobiCoin at the Mobile World Congress 2018 in Barcelona. The project, which started in February 2018, was created to reward drivers for environmentally-friendly driving habits, i.e. smooth and safe driving at low speeds.

Incentivizing good behavior.

2019-2020 will definitely be the delivery year of more Blockchain use cases and the acceptance of Crypto by conventional brands (be it Crypto Paradigm or Glorified Voucher/Loyalty Program).

Notes

The above presentation file was created for Vistage group members. Below are the feedbacks from 3 of the close group sharing made, just for log purpose and future reference on any area of improvement.

Feedback to Koh How Tze’s presentation on 16th April 2019:

Feedback to Koh How Tze’s presentation on 18th April 2019:

Feedback to Koh How Tze’s presentation on 15th May 2019:

The post Blockchain and Its Practical Applications appeared first on Blockchain Insider.

It’s an honor to be invited as one of the panelist to share about tokenomics in the real estates sector, from a technopreneur’s point of view.

The investment forum was held at 9th March 2019 and attended by some 500+ investors from around the country. It was a Mandarin speaking session for Chinese community.

Organized by Hua Zong (Federation of Chinese Associations Malaysia), this is an annual investment forum since 2002. This is the 17th year since its inception, which makes the event a trustworthy brand when it comes to investment related economic forum.

After the presentation, I thought of some keypoints delivered by Polina Gusak from Switzerland during the Blockchain in Government conference in Singapore.

Property leaders know conveyancing is coming to an end.

For sale ready homes, transfer of information can be done, about the value and the ownership.

Secure property titles help eliminates poverty and boost prosperity.

Post Event Media Report

Sinchew | Nanyang

Related Info

Public feedback sought for ICO, property crowdfunding rules as reported in Chinese newspaper on 6th March, 2019.

Link to English newspaper report: https://www.theedgemarkets.com/article/public-feedback-sought-ico-property-crowdfunding-rules

The post Tokenizing Real Estates (Chinese) appeared first on Blockchain Insider.

Internet Alliance organized the Malaysia Internet Business Summit 2018 at MaGIC building, Cyberjaya, Malaysia on 15th November 2018.

The theme for the event was “Digital Technology, Future Is Now”.

It’s an honor to be able to share the same stage with many of the established industry players.

I think I am the only “crypto guy” who shared a little bit about Blockchain in the event. The organizer actually reminded me (in a very polite way) that “you are not talking about cryptocurrency right? ….” kinda thing before confirming the slot for the event.

Yes, that normal “Blockchain is good, crypto is bad” perception. Anyhow, I do choose the topic “Blockchain In Supply Chain”, and made a little bit of introduction to Crypto Valley Malaysia Association which I co-founded to promote the tech movement to the country and the world.

Blockchain In Supply Chain – Dreams vs Reality

While transparency, traceability and trust are all the good element the blockchain technology promise to deliver, we still have to match those elements with real world business model and operating cases.

The reality of data policy according to country, stakeholders collaboration when it comes to implementation, and the data that we are collecting and feed into the system, are some of the real world challenges we need to face and tackle.

It might not be an easy job before we see the real killer apps in the supply chain when in comes to blockchain implemntation, but how hard can that be?

Whatever the mind can conceive it can achieve

It is nice that the organizer hosted us the speakers a very good dinner after the day long event.

Thank you and wish you all a blessed and blissful journey in pursuing your dreams.

The post Blockchain In Supply Chain appeared first on Blockchain Insider.

The title of the forum was “ABCD That Is Changing The World“. The session started with a brief introduction to our association – Crypto Valley Malaysia.

The discussion was not limited to Blockchain technology but also looking at the IR4.0 generally and overall tech progress – a matter of where we are, and where are we heading.

To create and mobilize new form of capitals.

What we have now is truly borderless, programmable money backed by immutable computer systems based on pure logic and mathematics.

Who gets to own what for how long.

If we cannot break the rotten system outside in, try the inside out way of doing things.

The question is, would you still remember why and how you started once you reap the benefits of having all that power?

Only time will tell.

Thank you Taylor’s University for having us in your Expert Forum session for ICT and business students.

Notes:

From idea formulation to finalizing the marketing material, it took less than 10 days to come to this stage. One of the most effective administration we ever came across when it comes to academic institution collaboration.

Taylor’s University is the fourth best in the world based on its score of 99.7/100 in the graduate employment rate indicator under the 2019 QS Graduate Employability Rankings.

The post Taylor’s University Expert Forum appeared first on Blockchain Insider.

It was an honor to be able to share the same training ground with industry experts and friends from Crypto Valley Malaysia‘s ecosystem.

Shared the same content during MBLBC Oval Debate, Kuala Lumpur back in April 2018, only this time it took around 2 hours with more explanation.

Did some explanation on the database design as well, which can be found on sample chapter, page 18 of the book Blockchain Insider here

Touched a little bit about the Money Flower as well, where the diagram was shown in Central Bank-Issued Digital Currency (CBDC) Is Well On Its Way.

Quoted from Wikipedia

Monetary sovereignty is the power of the state to exercise exclusive legal control over its currency, broadly defined, by exercise of the following powers:

1) Legal tender – the exclusive authority to designate the legal tender forms of payment.

2) Issuance and retirement – the exclusive authority to control the issuance and retirement of the legal tender.

The sheriffs are coming to the wild wild west, with loads of big guns and their lawyers or regulators.

Our crypto forensic expert Fazliq Iirfan shared with the audience how to use public domain such as Blockchain.info to trace the flow of Bitcoin and Etherscan to track Ether’s flow.

Iirfan also made a sharing on how to do a due diligence on ICO projects.

We had a great session on the first training program. Thank you Blockchain Academy Asia and our participants from a few countries – USA, Canada, Japan, Philippines, Pakistan, Singapore.

The post Blockchain 101 Training at Cyberjaya appeared first on Blockchain Insider.

The consultation session with stakeholders to provide and assemble Malaysia’s comments on the UN/CEFACT white paper was held on 10th July 2018 at Auditorium Dr Tengku Azzman Shariffadeen, MIMOS Berhad, Technology Park Malaysia, Kuala Lumpur from 9.30 am to 1 pm.

Mr. Fattah Yatim, Chairman of Malaysian National Standards Committee on Blockchain and Distributed Ledger Technologies (TC/G/15), Department of Standards Malaysia, shared his insights on blockchain technology with the audience.

Blockchain is not alone in its potential for disruptive impact. The ground is leveled and there is this opportunity for us to leapfrog. We will become followers if we are not moving fast enough. ~ A Fattah Yatim

Then, Mr. Ng Kang Siong, Principal Researcher of Information Security Lab from MIMOS, Malaysia’s National R&D Centre in ICT shared the “Liaison Report to ISO TC 307, Blockchain White Papers Project” with the audience.

There was also information sharing from MITI related to global trade.

It was quite an insightful meeting among the industry players.

Quite some discussions went through to further enhance the whitepaper.

Photo taken with (from left) Mr. Tan Tze Meng (Head, Data Cloud, MDEC), Mr. Ng Kang Siong (Principal Researcher, Information Security Lab, MIMOS), and Faizal Shebli (CEO, Crypto Valley Malaysia).

Notes: Fattah Yatim’s Mindshare

A foundational technology is one of its kind that appears in very untraditional ways. It should therefore be addressed and treated in very untraditional ways and not in the ways that Malaysian planners are used to. It starts with focused leadership and commitment on Blockchain. Say it out and commit to mean what you say.

What chain? Yes Blockchain.

A very good piece of thought by A Fattah Yatim: Leaders Aspiring To Lead Malaysia For The Next 5 Years And Beyond Must State Their Position And Plans About Blockchain

p/s: If you are interested to be part of the ecosystem, check out
Malaysian Standards Committee on Blockchain-Brief Info for Applicants

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