Categories: Ethereum

Zhao: Binance Chain to Be Ready in “Months,” Enabling Projects to Issue Tokens

Click here to view original web page at

Some of Asia’s most wealthy people have gathered in Singapore today to learn about blockchain technology and crypto from the planet’s most influential thought leaders in the space.

Amongst those presenting at Forbes Asia’s “Decrypting Blockchain for Business” event was Binance’s Changpeng Zhao and BTCC’s Bobby Lee.

Interest in Blockchain Remains High, Despite Crypto Bear Market

Earlier today, the Asia wing of respected news publication Forbes hosted a blockchain conference for the continents most wealthy families and individuals. The event, titled “Decrypting Blockchain for Business” drew in around 130 of Asia’s most influential people keen to better understand the implications of the much-hyped, potentially revolutionary technology.

Presenting at the event were some of the technology’s most respected pioneers who were able to see the potential in blockchain before others. One of the many sessions was delivered by Anderson Tanoto, director of manufacturing giant Royal Golden Eagle (RGE).

Tanoto played a key role in launching the blockchain supply chain initiative, Sustainability Assurance & Innovation Alliance (SUSTAIN) – aimed at moving RGE’s supply chain to the blockchain. According to a report in Forbes, he spoke about the difference between crypto investors and those experimenting more generally with the technology:

“There are two herds of people in blockchain. Those who want to get rich off crypto, and those who want to change the world with blockchain. I would like to associate myself with the second group.”

Supply chain management was just one of the many potential uses for blockchain technology presented at the event.

Other speakers included Janil Putcheary, Singapore minister, who presented on blockchain applications for the nation’s government; Bobby Lee, BTCC founder; Tinku Gupta, the executive vice president of the Singapore Stock Exchange; and Jehan Chu, co-founder of blockchain development company Kenetic.

Although much of the event was dedicated to blockchain technology rather than cryptocurrencies per se, some time was given to the subject of digital assets. In one session, Changpeng Zhao “CZ”, Binance founder, had a lengthy, on-stage chat with Forbes reporter Pamela Ambler.

Much of the conversation was focused on ways to help digital currency use become more widely adopted. CZ stated:

“Fundamentally, I would like to see payment adoption increase. That’s the original intent, but for some reason that’s not taking off, so we’re pushing really hard into that space.”

The Binance co-founder also focused on his company’s plans to launch its own blockchain for digital token issuance and creating initial coin offerings (ICOs) like those offered on Ethereum and other smart contract platforms. The Binance Chain is expected to go live in early 2019.

#Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens. @cz_binance @ForbesAsia #ForbesBlockchain

— Binance (@binance) December 4, 2018

Finally, Matthew Roszak, the co-founder and chairman of tokenisation specialist Bloq, also delivered a presentation on the potential for investors wanting to get involved in the space, as well as a more general view of the current state of the industry:

“Hype is turning into pragmatism, but we see the momentum there… This is a good time when we see these lulls to think about your strategy and your approach to the space.”

Featured image from Shutterstock.

Tags: blockchain, forbes, singapore

Amongst those […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

1 hour ago

Thai Crypto Scene Still Reeling From Top Exchange Bailout

Thailand’s vibrant digital asset scene was shaken earlier this month when its most popular exchange unexpectedly announced an imminent closure.… Read More

1 hour ago

A Blockchain-Enabled SIM Card? How This Could Change Our Mobile Experience As We Know It

Distributed, Decentralized, Disintermediating While still in its infancy with regards to proven capabilities and real-life adoption, blockchain technology remains one… Read More

1 hour ago

Blockchain privacy explained

Blockchain does not require user identification in the same way as other technologies. Unlike the Internet, where users are tracked… Read More

1 hour ago

Bitcoin mining hurts our climate

Transcript You can enable subtitles (captions) in the video playerBitcoins hold the potential to revolutionise our economy in so many… Read More

1 hour ago

Chocolate Not Drugs the Future of Bitcoin Commerce

- Tim Tams sold for BTC on Online Blockchain's new crypto marketplace site - LONDON, Sept. 17, 2019 /PRNewswire/ --… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More