Author: Huixian
On 31st July 2018, BitTemple Pitch Day has successfully linked the ecosystems of blockchain together. Over 115 attendees were recorded at the event, and among them are representatives from crypto-exchanges, advisories and capitalist. Within one evening, they have brought eight internationally renowned projects to Singapore. The event has also kickstarted meaningful discussions between blockchain-communities in China, Southeast Asia and around the world.
Matrix Lee, Group Head of Seristine Group of Companies, said, “We seldom see more than two pitches in one event. Some of the projects bear high potential growth, and it is amazing to see businesses of different nature are ‘blockchainable’.”
The eight blockchain projects went beyond the limits of imagination and block-chained projects that not only added value to business but the community; the projects span from renewable energy to agriculture.
“App users will have full control over data sharing features and privacy policies.”
— Adam Tan, Chief Visualisation Officer of Swipe Crypto
Swipe crypto block-chained the network to monetised data sharing and as a result help user gain control of privacy settings. In the world of digitalisation, many of us have relinquished the rights of privacy for the ease and convenience of using social media apps, Gmail, etc. For example, Facebook can track a user’s location while using the app. With the help of SwipeSDK, users can choose the information that they wish to be shared and sold. Swipe users can also gain rewards when they complete the survey and provide quality data. The data is then being encrypted and chained into the decentralised network as a Metadata. On the other hand, buyers can be assured that the data collected are through legal channels.
“Our differentiation strategy is to create a new currency that is user-friendly.”
-George Chen, CEO of Fonder
Fonder is a homegrown brand which started out as a Diamond Retailer for over 20 years. They have expanded their company to form Fonder Open Network (FON). FON wants to build a mainstream cryptocurrency to disrupt the monopolistic structure of the IT sector. According to the light paper, FON is inspired by the ability of blockchain in unlocking the values of the internet.
“We are building a network of trust based on blockchain technology.”
— Harry Toh, Head of Business Development of GSE Network
GSE Network is striving to create the second generation’s sharing economy with the support of blockchain; the system of distributed service would eliminate centralise-intermediaries. As opposed to traditional mining method, they would opt for green mining through user engagement. Moreover, GSE Network would map the user’s digital footprint and create digital asset identification which would be used as computation of trust scores.
“We want to tackle the issue of food security in the dairy sector with the help of blockchain; there is a lack of quality milk in South East Asia.”
-Thiru, CEO of Unnati Holdings
Thiru sets out a different pitch from the rest by focusing on the need for food security. As world population continue to grow, traditional agriculture move towards mass production and the focus on safety standards of food starts to fall. While the global milk sector is increasing by 7.5% a year, APAC region drives 63% of the growth. However, the current milk industry raises livestock in poor hygiene standards. Therefore, the milk collected is also contaminated. Unnati plans to resolve the issue by adhering to international hygiene standards and block-chained the supply chain. Thereafter, with a scan of the QR code on the packaging, consumers would be able to confirm its food security.
“We are the faster and safer version of Taobao.”
-James Cho, CEO of DMart
Dmart is a distributed peer-to-peer marketplace that allows all types of crypto assets to be traded freely. They have set themselves apart from other platforms through their unique decentralised transaction protocol - off chain matching, and on chain settlement layered model. This has resulted in fluid transactions and ensure the security of parties in the transaction. DMart have formulated a price evaluation model using multi-dimensional information like historical transactions and user’s credit, and the system is equipped with smart contract to match buyers and sellers to complete the exchange.
“Bikecoin allow the user to operate a fleet of Bicycle.”
— Quang Mai, Speaker of Bikecoin
The demand for bike sharing stands at 300 million users as of last year, and 90% of the users are based in China. Bikecoin wants to reach out to half of the users and provide a decentralised bike sharing program – the third generation bike-sharing economy. With the rise of urban cities in China, the country aims to reduce carbon emission actively by increasing green transport method such as bicycles. Thus, Bikecoin is leveraging the opportunity and block-chained the infrastructure to track and service the bikes and protect data of bikes users. Moreover, users can also operate a fleet of bicycles to support their business or even earn passive income.
“FlipNPik wants to help everyone to level the play with the influencers, but we are not competing with Facebook & Instagram.”
-Ian Lin, CEO of FlipNPik (Asia)
FlipNPik is a platform that allows users to monetise their social media engagements. The company is from France and has more than 3,500 listed businesses in Europe. While sharing the future plans for Asia, they are onboarding more than 12,000 merchants and 50,000 users onto the platform by this year. Unlike most of the projects in the market, FlipNPik already has a proof of concept with a ready product.
“We are afraid that AI would take over our lives, but in fact, we may be ruled by a few companies who possess AI.”
-RJ Choi, Global Sales Director of AI Crypto
AI Crypto, specialise in research and development of artificial intelligence. Since the invasion of the blockchain, AI has converged with blockchain to form Data Learning, Mining and Sharing. According to the white paper, the data generated by regular users is dominated by a few big corporations like Google. Moreover, developers of the algorithms for machine learnings work under such large corporations. AI Crypto strongly believes that fair rewards should be given when sharing data; as AI is built with the data collected from all users, then AI should be the property of all mankind.
“Sun and wind only occur a few hours a day, while the wave is produced all the time. Thus, wave energy could produce more power than other renewable energy.”
-Inna Braverman, Co-Founder and Marketing Director of Eco Wave
Eco Wave, is powered by a hydro motor and is cheaper than fossil energy. Most importantly, there is no ecological damage to the coast as it is connected to the pier and not the ocean floor. During a storm, the floaters would lift up to prevent damage. The company is using blockchain to document and share their knowledge on wave energy. They also wish to build a Blockchain P2P platform for renewable energy trading.
BitTemple Pitch Day would be held monthly for everyone to learn about more blockchain through the exchange of experiences.
Photo credits: Photo: Simon Ruf / Social Media Team/ BitTemple
