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.

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Effendy Zulkifly, CEO of Blockchain Academy Asia was one of the speaker in this international event attended by quite a number of  experts in Blockchain Technology Industry and Ecosystem.

Effendy Zulkifly was one of the featured speaker in this event and also involved with one panel discussion with other blockchain experts from banking industry, Big Data area of study and Cryptonomics.

His covered the topic of “Feasibility Study of Blockchain Ecosystem in Asia Region”, where quire some interaction with audiences happened. Effendy Zulkifly is the only speaker from ASEAN Region who covers this topic so far.

Participants are from all around the world such as German, USA, UK, South Korea, Middle ASEAN Countries, ASEAN Countries and mostly are the experts and many of the speakers are PHD holder.

The panel session was about Blockchain Technology from Cryptonomics and Banking Perspective. It was quite challenging with very difficult questions from audiences and moderator regarding issues of regulatory framework, technology scalability and future forecast on Cryptonomics and Blockchain from Banks perspective.

Blockchain Academy Asia got so many good contacts and new partnership in the planning for the future too. InsyaAllah, the year of 2019 will be the best year for Blockchain Academy Asia on implementation and execution for several blockchain projects.

The post Blockchain and Cryptocurrency Conference 2018 appeared first on Blockchain Insider.

“First, we need a focused shift towards new industries. In particular, we must adapt to the global hashtag#technology landscape and establish ourselves as experts of the applications of breakthroughs in innovation and technology that will increase our economic productivity.

The second idea is economic complexity or diversification of the economy, via exports in agriculture, manufacturing or services because exporting to the world requires that whatever good or services we produce be globally competitive.

Hence, our economy must be as far along the technology and efficiency frontiers as possible.”
~ Datuk Seri Mohamed Azmin Ali, Economic Affairs Minister, Malaysia.

“We need to pursue economic diversification. Fiscal consolidation is a means towards fiscal hashtag#sustainability. But sustainability requires a reasonable level of economic growth.”
~ Lim Guan Eng, Finance Minister, Malaysia.

Malaysia’s Prime Minister delivered the closing speech on day 2, which wraps up the future direction of the government.

Closing Address by Tun Dr Mahathir

Part of Tun Dr M’s closing speech for Khazanah Megatrends Forum 2018:

We need to recalibrate. Do we get really something real when we talk about GDP and per capita income?

If there were 1,000 people and only one millionaire, the average income of the 1,000 is RM1,000.

But there is only one millionaire and the rest have no money at all. That is why we need to find other indicators of wealth of the nation.

If we go only by per capita income we may have equitability but in fact there is no equitability because the per capita income is due to the very high earning of the top few while the bottom have barely enough to buy food or to seek shelter with a roof over their head.

In order to do this, we need to have more professionals running government institutions and companies. We also should have good governance and management in the business sector

If we do this, I believe that we can develop the nation even faster. Malaysia will also be more open to the private sector and we will help to generate income, both from within and outside the country.

~ Tun Dr Mahathir, Khazanah Megatrends Forum 2018

ON BALANCE – Re-calibrating Markets, Firms, Society and People

From a spiritual perspective, the concept of Balance is found in a variety of faiths and traditions.

In the Islamic tradition, there is the concept of Al-Mizan, the Arabic word for Balance, which symbolizes the pursuit of justice and harmony in all endeavours, both in the world and the hereafter.

From Chinese philosophy, the yin yang describes how seemingly opposite notions or forces may be interconnected and interdependent with one another in the world. It expresses a sense of unity in duality, a Balance of forces.

In the Christian tradition, the Golden Rule – do unto others what you want others to do unto you – is also a manifestation of Balance; it is Balance in how we live with and treat one another.

For further info about this event, refer: https://www.kmf.com.my/concept-paper/

For press coverage, check out

https://www.thestar.com.my/business/business-news/2018/10/08/azmin-a-different-economic-logic-for-malaysia/

http://www.thesundaily.my/news/2018/10/08/malaysia-not-austerity-drive-just-spending-smart-lim

Reporting by Hazwan Faisal Mohamad dan Ayisy Yusof from NST

https://www.nst.com.my/news/nation/2018/10/419591/dr-m-we-need-new-indicators-measure-nations-wealth

The post Khazanah Megatrends Forum 2018 appeared first on Blockchain Insider.

Met quite a few new friends. Nice people, great ambient.

Some paid their bills with cryptocurrency.

First speaker was Ng Chung Yee, sharing on SteemIt.

With a little bit of entertainment for closing.

Windra Thio shared some insights on fundamental to project investments.

p/s: Received this message on Telegram group after the session:
Windr T:
Hey guys, several people in the group asked for the slides I used in my presentation. It’s not extremely detailed because I only planned for a 10’ish minute talk, but it’s still pretty decent information to fall back on for anyone interested!
https://docs.google.com/presentation/d/1cKMdKxfwUBwTlLhn_JQK2Y8XZcerXx_Tqi0S-dA9X_g/edit?usp=sharing

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