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Forkast.News

Forkast.News is a digital media platform that covers stories about emerging technology at the intersection of business, economy and politics. From Asia, to the world.

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January 2020

Tech is making Chinese charities more transparent

The modern convenience of Alibaba enables rapid, on-demand consumerism that’s worth tens of billions of dollars. So what if Alibaba — and its competitors — turned the technological might that it used to develop modern Chinese consumerism over to developing modern Chinese charity?

Can blockchain guarantee food safety in China?

Having a high standard in food safety and security demands that the food is of good quality, free from disease or infection, and safe for consumption. Keeping up with this standard is a matter of international concern and the responsibility of food producers and governments.

China’s blockchain vision focuses on efficiency, not cryptocurrency

The Chinese government has identified blockchain technology development as an issue of national importance, along with other emerging technologies such as AI, deep learning and IoT. President Xi Jinping has outlined the importance of blockchain technology to China’s industrial maturity, urging continued development so China can lead the way in defining international standards.

December 2019

‘China’s developers aren’t most creative,’ but there’s power in numbers to excel

China’s enormous market of 1.4 billion people means there is a large pool of human resources that can drive blockchain development and adoption, especially in the wake of endorsement from President Xi Jinping. Blockshine founder and CEO Layla Dong explains how China’s burgeoning market can boost blockchain development.

Chainlink among top crypto performers in October—Fintech Advisory Services report

The Fintech Advisory Services monthly report details the main crypto-metrics and indicators for the past month: News, Market Performance, Networks, Mining Activity, Public Sentiment, and Academic Publications. The report also covers the latest “Hot Topics” in the crypto space. This month: Facebook’s Libra, Telegram’s TON, China’s CBDC, and quantum computing.

November 2019

A China central bank exec is leading a cryptocurrency course on app De Dao

Mu Changchun, the Deputy Director at the People’s Bank of China (PBOC), launched an online audio course about Libra and digital currency in a popular Chinese education app De Dao on August 4, 2019. It is not the first time Mu talked about Facebook’s cryptocurrency Libra and digital currency. After Facebook announced Libra in June […]

In Conversation with Da Hongfei, Neo: China-Born Digital Asset Protocol

Chinese blockchain companies received a substantial windfall following President Xi Jinping’s bullish support for the development of the technology, and Shanghai-based Neo was one such enterprise. Forkast.News Editor-in-Chief Angie Lau sits down with Da Hongfei, Co-Founder of Neo to find out about the technology and how it will affect various industries in China. Key Highlights […]

President Xi Jinping Endorses Developing Blockchain Technology in China

President Xi Jinping emphasized the development of blockchain technology and called for more research, investment, and regulations for it on October 24. “Blockchain plays a core role in the next round of technological innovation and industrial transformation,” said Xi according to comments recorded by news agency Xinhua during a meeting with members of the Communist […]

Creating a Decentralized Silicon Valley in Switzerland

Switzerland is positioning itself to become a crucial hub for the global blockchain industry as investment group Crypto Valley Venture Capital (CVVC) reports that the top 50 blockchain-related companies in the country are valued over US$40 billion in 2019. CVVC Founder and CEO Mathias Ruch told Forkast.News’ Editor-in-Chief Angie Lau that the country’s regulation and […]

Exclusive Interview with CEO David Gurle: $1B Messaging App Symphony Partners with WeChat

Cloud-based messaging startup Symphony announced a partnership with Internet giant Tencent to integrate their services with WeChat, a massively popular messaging application in China. The California-based startup is aimed to serve professionals in the banking and investment industry, and is positioning itself to be a cheaper means of communication and information sharing than alternatives like […]

Behind the Scenes Conversation with: Ashley Alder, CEO of Securities and Futures Commission

Hong Kong’s Securities and Futures Commission has announced that they will issue licensed for digital trading platforms in the city, a move which is sure to shake up financial services in Asia. Forkast.News’ Editor-in-Chief Angie Lau had a brief behind-the-scenes interview with Ashley Alder, CEO of the regulator moments before he made the announcement at […]

Forkast.Insights to Launch the “China Blockchain Report” Following HK FinTech Week

Forkast.Insights, the research vertical of Forkast.News, will be releasing the “China Blockchain Report” in its new report series about blockchain technology in countries around the world. The report, which has been months-in-the-making, will be released off the heels of Chinese President Xi Jinping’s recent endorsement of the need to accelerate the development of this technology […]

WATCH: How Cryptocurrencies are Becoming an Asset Class: Marc P. Bernegger, Crypto Finance

Cryptocurrencies have become a new target for investors shying away from politically volatile alternatives. As an on-going trade war between the United States and China and the U.K.’s exit from the European Union threatens the stability of conventional markets, more and more traditional investment entities have started experimenting with decentralized assets. Forkast.News’ Editor-in-Chief Angie Lau […]

WATCH: In Conversation with Emma Cui: Incubating Blockchain Startups Around the World

Blockchain-related startups have dealt with a fair share of challenges and skepticism, especially throughout a tumultuous year where volatility in cryptocurrencies has shaken people’s confidence in the industry. However, investment in blockchain projects has seen continued growth, and incubators like LongHash have sought to harness that potential. Forkast.News Editor-in-Chief Angie Lau sits down with Emma […]

October 2019

In Conversation with Vitalik Buterin, Co-Founder of Ethereum: On Eth 2.0, Finance, and China

With Ethereum 2.0’s release just around the corner, co-founder Vitalik Buterin has been busy talking about what to expect from the new system and its use of proof-of-stake validation. Ethereum 2.0 is meant to address a number of issues that the current system has. It is billed as improving scaling, security, and other issues in […]

Forkast.Focus | HKFinTechWeek: Tandem Bank’s Efforts to Improve Banking

The innovation behind Tandem Bank involves using apps to help its users save money. The “neo-bank” provides all types of traditional services including personal banking, savings accounts, and credit cards. However, their use of emerging technology is what sets it apart from conventional banks, and helps attract users. “Last year we hit 500,000 customers when […]

Forkast.Focus | HKFinTechWeek: How TransferWise is Shaking up Remittances

TransferWise is designed to facilitate the growing market of global remittances by reducing costs the cost of sending money internationally.  Instead of sending money at high transaction fees to other countries through banks or other third parties, TransferWise internally exchanges currency to be sent using real market rates from Reuters or Google exchange rates. By […]

WATCH: Balancing Innovation and Regulation in Blockchain: Ronald Tucker

Ron Tucker, Founder and Chair of the Australian Digital Commerce Association, describes his long-running involvement in the industry and the reasoning behind his faith in the technology. As the head of a crypto exchange, Tucker has been involved in navigating and advising the regulatory steps that institutions such as FATF are taking. Contrary to concern about these new policies stymying the growth of the industry, Tucker asserts that the regulation is necessary in providing a safe environment for cryptocurrency to grow.

How Blockchain Fights Modern Slavery: Mark Blick, Diginex

It may be jarring to consider, but there are currently more slaves in the world now than at any other point in history. According to figures from the United Nations’ International Labour Organization (ILO) and the Walk Free Foundation, there were about 40.3 million people who can be considered modern slaves in 2016. That means […]

Explaining Blockchain to Unwilling Enterprises: Accenture’s David Treat

As the Managing Director, Global Blockchain Lead at consulting firm Accenture, David Treat spends his days engaging with enterprise leaders across various industries about blockchain, from understanding the topic until implementation. Forkast.News spoke with Treat on the sidelines of OECD Global Blockchain Policy Forum to find out how these conversations play out, and how Treat […]

Making it Rain in Bahrain – Joseph Dallago talks Cryptocurrency in the Middle East

What is the world of cryptocurrency like in the Middle East? How does it differ from other markets, and what challenges and opportunities arise from dealing with the industry in that region? Forkast.News Editor-in-Chief Angie Lau sits down with Joseph Dallago, Co-Founder and CEO of Rain, the first Bahrain-based digital currency exchange, in order to […]

How Catalonian Minister Jordi Puigneró is Using Blockchain to Change Governance

Catalonian Minister of Digital Technology and Policies Jordi Puigneró talks regulation, popular appeal, and what blockchain can do for a country. As a member of an elected public administration, Puigneró believes that he has the obligation to serve the people. In the case of blockchain, Puigneró expects that the technology will create a new class […]

September 2019

Is the World Ready for a Federated Currency?

Incorruptible. Improved funds flow. Transparency and traceability. These are all promises of blockchain / digital technology to help the modern-day issues of cash-based economies. But should this responsibility be held by companies or governments? David Shrier, author of upcoming book from MIT Press in November 2019, “Trusted Data,” dives into the debate of a digital […]

In Conversation with Joseph Lubin, Founder of ConsenSys: Blockchain is a Paradigm Shift for the Planet

What is the next big thing? As far as Joseph Lubin, Founder of Consensys, is concerned, we are already experiencing it as you read this. Lubin shares how blockchain is already a killer app, being used globally as a new database technology. He notes cryptocurrency is already enabling cross-border transactions that help facilitate trade and […]

WATCH: Top Takeaways from OECD Global Blockchain Policymakers — What is Coming in 2020

In just one year’s time, it appears that global policymakers and regulators have woken up to blockchain in a serious way. Caroline Malcolm, new in her role as Head of OECD Blockchain Policy Center, shares key highlights from this second global blockchain policy forum held by OECD in Paris, Sept. 12-13, 2019. In this candid […]

China Telecom Introduces its Blockchain SIM Card Project

In anticipation of China Telecom’s new blockchain SIM card project, Director of its Blockchain Research and Development Departments, David Wei Liang, peaks to Angie Lau, Editor-in-Chief of Forkast.News, about the reasoning behind embarking on the project, the product’s uses and implications, and the timeline of its adoption. The time is ripe for telecom companies to […]

WATCH: OECD: The Next Big Thing — Major Developments in DLT from Industry & Governments in the Year Ahead

To celebrate the end of 2020, here is a Forkast.News editor favorite from our archives — a story that still rings fresh, true and — in a world now measured in nanoseconds — timeless. What is holding back mainstream adoption? What role do governments need or want to play? The Next Big Thing plenary panel […]

It’s All in the Nuance: French Blockchain Investor Translates Le Maire’s Libra Remarks

French Finance Minister Bruno Le Maire spoke at the Organization for Economic Co-operation and Development (OECD) Blockchain Policy Forum on September 12, 2019. He offered a spirited defense of French and European technology policies and spoke frankly about the deep difference in values over the regulation challenging French relations with the U.S. and China. In his […]

LISTEN: What are the Rules of Insider Trading When it Comes to Crypto?

The world of insider trading as relates to cryptocurrency — what are the rules that govern trading crypto, in the eyes of the SEC, CFTC, and the like? Forkast.News Editor-in-Chief, Angie Lau sits down with attorney and partner, Jason Gottlieb, at NY-based Morrison Cohen law firm to discover the in’s and out’s of trading. Listen […]

WATCH: Why is China’s Central Bank Launching a Digital Currency? Chicago Booth Economist Explains the Impact

Key Highlights “[A central bank’s digital currency is] a huge database using the hash function, chain technology. There’s no distributed ledger portal.” “[The People’s Bank of China] have been working on CBDC for about four years now.” “One of the areas where I really think blockchain could help is on trade finance. When I say […]

What Regulators Think at OECD and Why it Matters; R3’s Regulatory Head Says Adoption Relies on Governments

What are the rules? For most blockchain companies and projects, the complex landscape of regulation and policy creates business risk, which impacts not only innovation but also ultimately, mainstream adoption.  But at OECD’s second Global Blockchain Policy Forum, regulators are increasingly becoming aware of the need for concerted efforts at every government and agency levels. […]

LISTEN: Private vs Public Blockchain: Why Enterprises Need Both

Listen to the podcast In its genesis, blockchain was designed with the intention of it being a decentralized peer-to-peer network. However, these networks can either require permission by a controlling entity (a private blockchain) or be truly permissionless and everyone can make modifications (a public blockchain). But when it comes to enterprises and businesses, which […]

August 2019

BOE Governor Says Global Digital Currency Should Replace the US Dollar – Rabobank’s Michael Every Breaks It Down

In this last week, Bank of England Governor Mark Carney made waves in the crypto industry by espousing, as a pillar of traditional banking, an alternative to the very system he heads. At a speech in the U.S., Carney put forward the idea of a “synthetic hegemony currency” – in other words, a central bank-banked […]

BOE Governor Says Global Digital Currency Should Replace the US Dollar – Rabobank’s Michael Every Breaks It Down

In this last week, Bank of England Governor Mark Carney made waves in the crypto industry by espousing, as a pillar of traditional banking, an alternative to the very system he heads. At a speech in the U.S., Carney put forward the idea of a “synthetic hegemony currency” – in other words, a central bank-banked […]

LISTEN: Could the Global Economy Push Bitcoin to an Inflection Point?

In this episode of Word on the Block, Editor-in-Chief Angie Lau sits down with Kevin Kelly of Delphi Digital to explore the recent trends in the market has seen for Bitcoin given monetary policy. Kelly recently published a piece, The Perfect Storm for Bitcoin. Is the global macroeconomic environment creating an opportune moment for cryptocurrency? […]

LISTEN: Why Blockchain Compares to the Rise of the Internet, with Steven Nerayoff

Key Highlights Digital currencies on the blockchain can only go global if transactions can be expedited Mass adoption could yield micro-economies, where millions of public businesses could theoretically take off Blockchain technologies are in their infancy, but are projected to yield a 17 trillion-dollar economy when combined with AI and the Internet of Things In […]

WATCH: Why Blockchain Compares to the Rise of the Internet, with Steven Nerayoff

Key Highlights Digital currencies on the blockchain can only go global if transactions can be expedited Mass adoption could yield micro-economies, where millions of public businesses could theoretically take off Blockchain technologies are in their infancy, but are projected to yield a 17 trillion-dollar economy when combined with AI and the Internet of Things In […]

Blockchain for Bananas? Why Technology Will Transform Food Traceability and Supply Chain

Blockchain is a revolutionary technology that has the potential to be a complete game-changer for many industries, including supply chain. With the rise of globalization, supply chains are now much more complex than ever before in history. Consequently, the time is ripe for a disruption of this process; blockchain is one possible instigating factor. With distributed […]

LISTEN: From Myanmar to South Korea: Breaking Down Blockchain’s Future in Asia with Paul Ulrich, GSMA

Key Highlights “For the blockchain technology itself, there’s universal acceptance. I haven’t come across one government either in person or having read about any that are at all negative about the underlying technology. They are ambivalent about a key application, which is financial cryptocurrencies, because of certain things that have happened over the last two […]

WATCH: From Myanmar to South Korea: Breaking Down Blockchain’s Future in Asia with Paul Ulrich, GSMA

Key Highlights “For the blockchain technology itself, there’s universal acceptance. I haven’t come across one government either in person or having read about any that are at all negative about the underlying technology. They are ambivalent about a key application, which is financial cryptocurrencies, because of certain things that have happened over the last two […]