• WE ADVISE AND INVEST IN BLOCKCHAIN PROJECTS.
  • info@blockchain-asia.com
Blockchain_Asia whiteBlockchain_AsiaBlockchain_Asia whiteBlockchain_Asia white
  • HOME
  • ABOUT US
  • PORTFOLIO
  • CONTACT
  • 简体中文
✕

Blockchain Technology between Asia and Europe

August 23, 2018

The success story of Blockchain/Distributed ledger technology continues to speed up.
We remember very well the first year of our company Blockchain Asia. Everybody was asking the same two questions: What is blockchain? And what are the use cases?

Reaching maturity
In the meantime, Blockchain technology has left the proof-of-concept world and arrived in the real economy. Our cooperation partners use it for storing digital identities, managing health data, paying for services in the Internet of Things, for remittance and for making automobiles and drones safer.

We reached the point-of-no-return last year, when big corporates started to use Blockchain on a broader scale for improving their business processes. Nowadays, Blockchain has become a necessity, a core element in corporate toolboxes. That said, Blockchain as a tool is not appropriate for everything, of course.

But if you handle digital assets in a trust-less network among equals, if you need permanent records of transactions, if you don’t need to store large amounts of data and if you don’t need ultra-high transaction processing, Blockchain might be a good idea to consider. And even if Blockchain is the right technology, we have to answer further questions, e.g. to find out whether we better use a permissionless or a permissioned Blockchain and what is the most appropriate consensus algorithm in your case.

Global competition
On a global scale, Asia is slowly taking the lead in Blockchain, after the US and Europe dominated the first years. Blockchain groups, developer teams and alliances in China are growing exponentially. And South Korea, Singapore, Hong Kong and Japan have become strong in Blockchain as well. Cryptocurrencies, mining and ICOs played a major role, despite regulatory set-backs and bans in some of the countries. All nations have in common, that the plain usage of Blockchain technology was never questioned, but is rather welcome in all countries in Asia. Asia is very competitive and fostering innovation as well as attracting talent is key. Nobody wants to be left behind in the race of developing a key technology like Blockchain.

Standards
Standards will become key, as we have mentioned it many times in public and private conversations. The ISO/TC 307 committee works on standardisation of Blockchain technologies. And 22 EU countries have formed a partnership for “avoiding fragmented approaches to the technology by sharing technical and regulatory expertise”. In parallel, the financial industry promotes its Corda solution via R3. And on the consumer side Huawei takes swift action by partnering with Sirin Labs on a “Blockchain smartphone”.

Our work
With Blockchain Asia, we are active both, in Asia and in Europe. Our three most-favoured regions for Blockchain in Asia are the Pearl River delta, Seoul and Singapore. We see there the best talent, strong government support as well as very active communities and entrepreneurs. In Europe, our favourite is Germany, not only because of its rich community of more than 120 Blockchain companies, but also because of its strong real economy and global trade relations.

We bring blockchain projects, experts, providers and investors together.
We support Asian Blockchain companies to start in Europe and in the same way we support European companies to find the right markets in Asia for their Blockchain-based products and services.

Share this:

  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Skype (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related posts

August 5, 2021

New Frankfurt School Blockchain Center Whitepaper on Programmable Payments for the Internet-of-Things (IoT)


Read more
October 9, 2020

Actively Managed Crypto Investments: How to combine cryptocurrencies with traditional assets


Read more
August 8, 2020

New Frankfurt School Blockchain Center Research Paper on Libra vs. CBDC: European banks might be heavily affected


Read more
✕

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Recent Posts

  • New Frankfurt School Blockchain Center Whitepaper on Programmable Payments for the Internet-of-Things (IoT)
  • Happy Chinese New Year! 2021中国牛年新春祝福
  • Actively Managed Crypto Investments: How to combine cryptocurrencies with traditional assets
  • New Frankfurt School Blockchain Center Research Paper on Libra vs. CBDC: European banks might be heavily affected
  • Blockchain Asia is a partner of the FintechStars Innovation Day

Archives

  • August 2021
  • February 2021
  • October 2020
  • August 2020
  • June 2020
  • May 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • November 2017
  • October 2017
  • July 2017
  • April 2017
  • February 2017
  • January 2017
  • December 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • March 2016
  • February 2016
© 2016-2023 Blockchain (Asia) Ltd.     Imprint | Privacy Policy | Terms & Conditions | Credits     All Posts | 博客