China Medical University
  • 2019 Feb 22
  • Asia University & China Medical University GLORIA International AI & Blockchain Consortium (iABC) Hosting the AI & Blockchain Forum
The 2nd "Hit AI & Blockchain" Artificial Intelligence and Blockchain Industry Summit was held on February 20th at the Shangri-La Taipei Far East International Hotel. The summit was co-sponsored by the Asia University & China Medical University GLORIA International AI & Blockchain Consortium, Taiwan FinTech Association, Global ICO Transparency Alliance (GITA), KNOWING, and Bitnance.
 
The rapid changes in various emerging information technologies are all affecting the future development direction of Taiwan's technology industry and business opportunities. The summit invited the Executive Secretary of the Board of Science and Technology of the Executive Yuan, Zse-Hong Tsai, the Vice Minister of the Ministry of Science and Technology, Yu-Han Tsou, the founder of Acer, Stan Shih, the former Premier of Executive Yuan, San-Cheng Chang, the Minister without Portfolio of Executive Yuan, Audrey Tang, and the co-founder of the Lee, Tsai & Partners, Jaclyn Tsai, the founder and chairman of Fusion$360, Ko-Yang Wang, the Vice President of Asia University, Grace Lin, the Managing Director of Bellwether International Group and former Minister of Finance, Christina Y. Liu and other important experts to discuss the future of Taiwan's industry, the direction of policy and the golden opportunity of the industry.
 
Mr. Zse-Hong Tsai, the Executive Secretary of the Board of Science and Technology of the Executive Yuan, stressed that the development of artificial intelligence in Taiwan is already a government-level program. The “DIGI+ program” launched since the end of 2016 has actively improved the broadband digital convergence infrastructure and consolidated the foundation of the digital country. We have also strengthened the digital construction of The Forward-looking Infrastructure Development Program and the Taiwan AI Action Plan to accelerate Taiwan's move towards a "smart country."


"The penetration rate of AI mobile phones in the future will probably exceed 5G mobile phones!" said Mr. Zse-Hong Tsai, The Executive Secretary of the Board of Science and Technology of the Executive Yuan, at the second "Hit AI & Blockchain" artificial intelligence and blockchain industry summit.
 
Stan Shih, founder and honorary chairman of Acer, said at the second "Hit AI & Blockchain" artificial intelligence and blockchain industry summit that "the area of "smart urban and rural" and "smart healthcare" is the two major stages of Taiwan!". Referring to the "smile curve" proposed in the past, Stan Shih divided it into three parts: left, middle and right. The left part of the curve is the R&D (global competition), the middle part is manufacturing, and the right part is marketing (regional competition), while the curve represents added value, the added value of the smile curve in the middle position is lower, and the added value in the left and right position is higher, thus forming a curve like a smile.
 
Stan Shih pointed out that although the meaning of the smile curve is to increase the added value of enterprises and continue to move to the left and right positions, he stressed that such a strategy is not to let enterprises abandon manufacturing, but also to find ways to move forward and backward.
 
For Taiwan, AI Healthcare can be an important contributor to the semiconductor or computer industry, because Taiwan has first-class clinical efficiency and the world's largest single medical database. He also pointed out that if Taiwan can make good use of the advantages of medical talents and ICT talents, it will be able to promote Taiwan's transformation and upgrading and enhance Taiwan's international image.


Stan Shih, founder and honorary chairman of Acer


San-Cheng Chang, former Premier of the Executive Yuan and chairman of the Taiwan Mobile Foundation, believes that Taiwan is constrained by market size and regulations, which makes it difficult to raise funds. It is also necessary to attract international companies to Taiwan to set up R&D bases. Let emerging industries create more emerging benchmark companies.

San-Cheng Chang, Ko-Yang Wang and other academic leaders analyzed the future of the blockchain.
 

Ko-Yang Wang, chairman of Future$360, emphasized that the blockchain and the token economy of the blockchain are the most disruptive innovations since the advent of the Internet and e-commerce! He said that the blockchain brings two major values: first, to obtain reliable decisions through a decentralized consensus mechanism, and second, to encourage stakeholders to contribute to the value chain through the token economy. In the wake of the global blockchain boom, Taiwan can only become a winner if it only understands the industry's possible development and change model.


"Regulations and self-discipline are two sides, and it is effective to work together." Ko-Yang Wang, chairman of Fusion$360, said at the second "Hit AI & Blockchain" artificial intelligence and blockchain industry summit.
 
Big data, AI, and API have been recognized as important tools for developing the industry's smart digital economy. Dr. Grace Lin, Vice President of Asia University, with her experience in IBM in the United States, trained relevant talents in Taiwan, and introduced international experts through the Asia University & China Medical University International AI & Blockchain Consortium (iABC) of the Ministry of Science and Technology to promote international industry-university cooperation and help Taiwan's main industrial upgrading. Dr. Lin said that in the past three years, Taiwan's FinTech has become more and more active, but compared with Singapore and Hong Kong, the gap is still very large. It is hoped that Taiwan’s official academic research, especially the leaders, will be able to support it more, not only to implement FinTech’s application in the financial industry, but also to closely integrate with life and promote it to the international market after rapid verification in Taiwan. In the initial stage, we can focus on Taiwan's advantageous industries such as manufacturing (such as supply chain finance), health insurance, agricultural resources, renewable energy certification, etc., and combine with corporate social responsibility and long-term care (LTC) and charity time bank. Dr. Lin emphasized that open banks with FinTech to support cross-industry integration have an important impact on Taiwan's industrial development, and they also expect the FCC to support the implementation of STO development regulations. The forum is very grateful to the support of the Ministry of Science and Technology GLORIA and the guidance and presence of the Vice Minister of the Ministry of Science and Technology, Yu-Han Tsou.

FinTech Forum includes Ross Feingold, consultant of Titan Attorneys-at-Law, Dr. Grace Lin, Vice President of Asia University, Brian Chou, Executive Vice President of KGI Bank, Chien-Yi Wu, Vice President of Next Bank Preparation Office, and Eddie Hsiung, Associate Partner of Lee and Li Attorneys-at-Law.
 
Audrey Tang, the Minister without Portfolio of Executive Yuan, stressed that whether it is AI or Distributed Ledger Technology (DLT), the government should not only see economic output value and employment opportunities, but more importantly, how to use digital technology to improve the quality of public life, improve public policies, and strengthen mutual trust between government people.


"In fact, whether it is AI technology or Distributed Ledger Technology, it is not only the economic output value and employment opportunities that the government sees. These are of course important, but we must think more actively about how to use digital technology to enhance public life quality, improving public policy discussions, and most importantly, how to strengthen mutual trust between government and people." Audrey Tang stressed.
 
Jaclyn Tsai, the co-founder of the Lee, Tsai & Partners and founding member of GITA, pointed out that most countries still hold a "wait and see" attitude towards cryptocurrencies, but traditional regulations are not applicable to ICO and STO. Therefore, to promote innovation, it is necessary for the public to gather social consensus, promote "new ideas," and establish an open and transparent regulatory mechanism. Jaclyn Tsai has just been elected to take over the second chairman of the Taiwan FinTech Association.


"Traditional regulations are not necessarily applicable to ICO and STO." Jaclyn Tsai, the co-founder of the Lee, Tsai & Partners and founding member of GITA, said at the 2nd "Hit AI & Blockchain" Artificial Intelligence and Blockchain Industry Summit.
 
The Managing Director of Bellwether International Group and former Minister of Finance, Christina Y. Liu, said that in 2008, when Nakamoto proposed bitcoin, it caused new thoughts in the economic world. Bitcoin rose 19 times in 2017. Investors were eager to catch up. However as early as 2013, Bitcoin was valued up 91 times, while the euro trust crisis occurred that year; on the other hand, the hot trends on ICO driven by bitcoin was fundamentally based on trust. ICO allows startups to invest in new channels and opportunities. If the future token economy to be developed, the common consensus between the private and the government is the key.


Christina Y. Liu mentioned that ICO monetary economy comes from the foundation of common trust.


Titan Cheng, the founder of the BitoEX, said that Bitcoin has created a borderless application and created many destructive innovation services. This industry is changing too fast, and some industries will face structural changes, such as virtual currency exchanges. BitoEX is a local exchange, currently has 200,000 members, accounting for more than 80% of Taiwan's market. However the market is changing very fast. It needs the speed and ability to link to the world.


"BitoEX has begun to promote the layout of STO!" Titan Cheng, founder and CEO of BitoEx, said at the second "Hit AI & Blockchain" artificial intelligence and blockchain industry summit.
 

To encourage the development of FinTech and blockchain, the Taiwan FinTech Association arranged the blockchain and token economy forum in the afternoon, inviting a number of showcase of FinTech and blockchain, including Fusion$360 ( Open Bank API Management Platform and Blockchain Token Economy Solutions), Fugle (Stock Market Information), Gavin Marketing Inc. (Loan Match-making System), BSOS (Supply Chain Finance), Seedin etc. to present FinTech products and latest applications.
 
Fusion$360 specifically pointed out that open banking and blockchain are the two major subversive trends facing the financial industry this year. Taiwan's financial industry can no longer wait and see, and must accelerate to catch up with the international FinTech competition. Fusion$360 has developed an open banking and blockchain API and management platform that can help the financial industry (banking, securities, insurance) and the financial technology industry to jointly digitize businesses in e-commerce, community, communications and the Internet of Things with close cooperation in the event environment, accelerating the development of comprehensive, full-channel and fully-automated FinTech service applications.
 
In the forum, we presented the latest issue of the book, “The Rise of Token Economy” (Linking Publishing) published in the second quarter of this year. With lessons learned from 50 hot ICO cases, the book unveiled various practical applications of blockchain. It is also the best teaching material for financial industry, manufacturing/retail industry practitioners as blockchain business application guidelines and incentive innovation.



Nick Chang, CEO of MainCoin (from left), Titan Cheng, founder and CEO of BitoEx, Dr. Grace Lin, Vice President of Asia University, Dr. Ko-Yang Wang, founder and chairman of Fusion$360, former Minister of Finance, Christina Y. Liu, and the co-author Han-Chao Lee, presented the book “The Rise of Token Economy".

This event was co-organized by the " INTERNATIONAL AI & BLOCKCHAIN CONSORTIUM (IABC)" with the support of GLORIA. The Vice Minister of the Ministry of Science and Technology, Yu-Han Tsou, attended the event.  Dr. Grace Lin, the Chief Operating Officer of Asia University International AI & Blockchain Consortium (iABC) led the team to work together to give Asia University a leading position in advanced research in AI and blockchain in the digital economy and international cooperation. It also integrates the research resources and energy of the two universities, and stimulates the extensive use of domestic industry to maximize economic benefits. The Ministry of Science and Technology promotes the demand-oriented industry-university cooperation in the international level, so that the innovation energy of domestic R&D can be linked with the global technology-leading industrial supply, and the industrial technology demand can be grafted to the professional link service platform to promote the overall value chain from upstream to downstream. The value jumped and the economies of scale of the R&D results were utilized.

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