Events

Top 45 Blockchain Companies at Consensus Singapore 2018 – Part 2

On the 19th and 20th of September 2018, Consensus: Singapore 2018 was held at the Marina Bay Sands. OkayKrypto’s media team had the privilege of attending this event as part of the event’s media coverage and had the priceless opportunity of interviewing the heads of the best companies in the blockchain space.

Here are the interviews we conducted with 6 companies. Part 2

 

1) TIDE I SUN

 OkayKrypto: What does your company do?

Judy Wu (TIDEiSun): Our headquarters are in Hong Kong and we have operations in Hong Kong, Taipei, Tokyo and New York. We do financial innovation in terms of blockchain technology, blockchain assets and applications around blockchain.

 OkayKrypto: Who is your primary target market?

Judy Wu (TIDEiSun): Our primary target market is probably Asia Pacific users who are interested in bringing their traditional assets to the crypto world. So, a lot of users have many traditional assets but are lacking the bridge to enter crypto world. Basically, our exchange started in 2017 and we saw a huge demand and we actually profited from bringing local currencies to the crypto world. The currencies we support are Hong Kong Dollars, USD, Renminbi and Japanese Yuan.

 OkayKrypto: How does your company stand out from its competitors?

Judy Wu (TIDEiSun): I think we started out early so that’s our advantage. We have an exchange and a wallet and do more things related to blockchain technology. So, we’re trying to build an ecosystem around the blockchain financial world.

OkayKrypto: How can people contact you?

 Judy Wu (TIDEiSun):

Website: https://www.tideisun.com/?lang=en

Email: info@www.tideisun.com

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Judy Wu (TIDEiSun): We do a lot of promotions through key influencers and media like OkayKrypto. So, we seek out the help of a few people who know how to do marketing in the modern world, especially in the crypto world as it requires a different type of marketing. So the way promotions spread out is also different because crypto is a very closed community so there are either people who don’t know about crypto or they are already heavily invested in crypto so it’s a divided world. Therefore, we’re trying to find media comnpanies like you to spread the word. We also work with ICO projects so we can do promotions together.

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Judy Wu (TIDEiSun): At different stages, different things are more important. But I would say that in general, they are all equally important. I can’t say which one is more important out of the three. However, in the beginning, if getting users is our KPI, I think working with crypto traditional media like you or ICO Telegram groups or WeChat groups are effective. At a certain point, we will need private equity to come in and to attract the attention from mainstream investors.

 

2) MBAex


OkayKrypto: What does your company do?

Manfred Wong (MBAex) : MBAEx is the largest exchange in Southeast Asia.


OkayKrypto: Who is your primary target market?

Manfred Wong (MBAex): We are currently targeting Southeast Asia and we are targeting crypto fans who are educated about crypto because we want very genuine users.

 OkayKrypto: How does your company stand out from its competitors?

Manfred Wong (MBAex): We have a very, very good ecosystem in the cryptocurrency industry and once, we actually broke a record by carrying out transactions that were worth 1.7 billion USD within just 24 hours. We also provide very good information and have a great website for our exchange.

 OkayKrypto: How can people contact you?

Manfred Wong (MBAex)

Websites: https://mbaex.net/#/index

 

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Manfred Wong (MBAex): Firstly, you need to have extremely good content and the content has to be genuine.


OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Manfred Wong (MBAex): Right now, I think it will have to be Telegram Groups.

 

3) Fantom Foundation


OkayKrypto: What does your company do?

Joseph Jang (Fantom Foundation): Fantom, as it says on our logo, is the next generation blockchain. Basically, we’re a DAG based platform and so we’re an infrastructure plane. Since we’re DAG based, we’re not like a linear blockchain but we’re more of an asynchronous type of platform so basically we’re trying to address the issues of sustainability and speed of transaction.

OkayKrypto: Who is your primary target market?

Joseph Jang (Fantom Foundation): We don’t really have a primary target market per se. We’re an open source platform so anybody who wants to build their projects on our phantom platforms can do so once we have our main net.

OkayKrypto: How does your company stand out from its competitors?

 Joseph Jang (Fantom Foundation): Well, there’s a lot of very good projects that are similar to what we’re trying to do meaning that they’re DAG based platforms and all of these projects are good. What we’re trying to do is become a little better than everybody else. So, I think our technology and our algorithm is actually really good.

 OkayKrypto: How can people contact you?

 Joseph Jang (Fantom Foundation):

Website:https://fantom.foundation/

Email: contact@fantom.foundation


OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Joseph Jang (Fantom Foundation): I think the market has matured so currently, we’re in a very bear market. But for new projects that want to reach out to investors, the best way to do it, is to reach out to capital institutional investors like crypto funds. That is probably the best way to raise money. I think that the public way of raising money is kind of hard to do (the old fashioned ICO way). Last year it was very, very easy. But now, it’s not as easy.

 OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3)  Private Investors Events

Joseph Jang (Fantom Foundation): They’re all different. I think that Telegram groups are good because you have a lot of access to a lot of people on an open platform, so it’s probably the most effective.

 

4) Lambda


OkayKrypto: What does your company do?

Lucy Wang ( Lambda): Lambda intends to create a decentralized storage solution and marketplace on the blockchain and for the future of the Internet of Things. Lambda is a fast, safe and scalable blockchian infrastructure project, which provides decentralized applications (DAPPs ) storage capabilities with unlimited scalability. In order to do that, our mission is to focus on the chain design and the proof of data integrity. 

 

OkayKrypto: How does your company stand out from its competitors?

Lucy Wang ( Lambda): Although there is a myriad of players in the data storage industry, only a handful of them have been implemented. We perceive that PDP in an infeasible storage node must be realized, as no centralized nodes that could be completely trusted exist in a P2P ecosystem of blockchain storage platform. There are only four projects that aim at PDP, namely Sia, Storj, IPFS/FileCoin and Lambda. Among them, Sia and Storj are already obsolete, leaving IPFS and Lambda as the only competitive players in the market.

 

OkayKrypto: Who makes up your target audience?

Lucy Wang ( Lambda): The application scenarios are trusted and secure data storage, public data access and transaction, access control and protection of personal privacy data, DAPPs and Blockchain, IoT data storage and Artificial Intelligence data. Take VV share, one of our customers for instance. VV Share is intending to create a sharing economy platform based on blockchain technology and Lambda is chosen as the storage solution provider. The first application being developed is ride sharing with future plans to include hotel sharing, air travel sharing, etc. The Lambda team has been involved from day 1 of the VV Share project since 3 months ago and we are in active development phase right now.

OkayKrypto: How can investors/your audience contact you?

Lucy Wang ( Lambda): 

Website: https://www.lambda.im/

Email:  info@lambda.im


OkayKrypto: In the current market condition, what do you think is the most effective way to get market visibility, reach out to investors and raise funds?

Lucy Wang ( Lambda): I think partnering with other projects and share resources could be a cost effective and efficient way to gain market visibility. 


OkayKrypto: Which of the following do you think is the most impactful on your business right now?

  1. ICO Telegram group
  2. Crypto traditional media
  3. Private investors events

Lucy Wang ( Lambda): ICO Telegram Group


OkayKrypto: What’s your main route for fund raising currently?

Lucy Wang ( Lambda): Lambda has raised a decent amount of money in private and public round sale. We will focus on the product development and brand awareness using the money.  

 5) Neo Global Capital

OkayKrypto: What does NGC do?

Neo Global Capital: NEO Global Capital (NGC) is a leading blockchain investment firm, which was founded in December 2017. Since then, we’ve invested in over 100 projects and served as a key contributor, in both initial funding and guidance, to some of the industry’s leading startups including Zilliqa, Ontology, NKN, Oasis, Mainframe, Certik, Bluzelle, and Iotex. We currently make about 5-6 investments per month — anywhere from $1-3 million each — to help some of the world’s most innovative projects get started.

 

NGC currently has two funds: the NGC I Fund, which includes our for-profit projects, and the NEO Eco Fund, which looks to foster the growth of NEO Smart Economy ecosystem and the overall blockchain industry via strategic capital deployment, project incubation, and resource integration. Our goal is to help startups create lasting competitive advantages in an industry that’s become very crowded, very quickly.

 

By investing in truly innovative projects, we believe we can help push the entire industry forward, and in alignment with that goal, we’ve also invested in several key blockchain-focused initiatives with educators and most recently the National University of Singapore.

 

OkayKrypto: How does NGC stand out from its competitors?

Neo Global Capital: NGC’s founding team is comprised of some of the best blockchain investors in the space, but we also have varied backgrounds in crypto investment, traditional financial markets, emerging technologies, and mergers and acquisitions. This has made NGC uniquely qualified to make educated investment decisions and help guide startups in the early stages of their product development. By professionally adopting the best long-standing investment practices, we are able to help bridge the gap between traditional finance and the emerging world of crypto and blockchain technology — something that is certainly a rarity in this space.

 

OkayKrypto:  Who makes up your target audience / what kind of projects do you target?

Neo Global Capital: NGC has a well-rounded portfolio of investments, and we hope to continue investing in projects in a variety of industries. Specifically, we target industries with digital links, or that are in need of a digital overhaul, as we believe those will be the early adopters of blockchain technology. Such industries include identity solutions; gaming; online content streaming; the financial services industry (i.e. banking, financing, payments, and exchanges); and so on. We look for projects that can address a specific problem using blockchain and improve efficiency in some way, so we will continue to invest in public chains, and privacy and security projects.

Blockchain technology can also bring financial inclusion to a huge population of unbanked individuals across the globe by combining aspects of security, reduced friction of use, and digital identity. As such, we see great potential in distributed identity projects.

 

OkayKrypto:  How can investors/projects contact you?

Neo Global Capital: Investors and projects interested in connecting with us can contact us via our website at www.ngc.fund

We can also be reached via LinkedIn: www.linkedin.com/company/neo-global-capital/

 


OkayKrypto: In the current market condition, what do you think is the most effective way to get market visibility, reach out to investors, and raise funds?

Neo Global Capital: We have seen quite a bit of volatility in the market recently, which has left many investors questioning whether or not they should invest. The most effective way projects can get visibility is to go to market with a strong product, an effective business plan, and an ambitious, goal-orientated founding team. Investors are interested in seeing and investing in projects that are both unique and impactful, so projects that are able to prove their worth will be more successful in raising funds.

 

OkayKrypto:  Which of the following do you think is the most impactful on your business right now, and why?

1) ICO Telegram group
2) Crypto traditional media
3) Private investors events

Neo Global Capital: Each of the above are certainly important, and a well-rounded business will engage in all three. Investor events are increasingly growing in importance, so earlier this month, NGC held its inaugural meetup in Boston to facilitate discussion between global thought leaders, business professionals, and investors on ongoing industry trends, project funding and development, and best investment practices. We covered topics such as distributed identity and security tokens with top VCs and crypto funds and held roadshow sessions that gave projects the opportunity to present their products and vision to an influential audience. It’s at these events that we can better understand what the industry as a whole is interested in, where exactly the market stands, and what steps can be taken to advance the industry.

6) Citizen Reserve



OkayKrypto: What does your company do?

Eric Piscini (Citizen Reserve): Citizens Reserve is a technology startup led by some of the most prominent experts in blockchain, financial services, technology, supply chain, and professional services, that recently launched supply chain platform, SUKU. SUKU is a blockchain-based ecosystem that aims to make supply chains more efficient, transparent, and secure by offering a supply-chain-as-a-service platform to enterprises, with key advantages such as access to real-time, transparent data around the precise location of goods, privacy of partners, a bid and order marketplace, auditability of activities and the automation of contractual agreements. SUKU will be on-demand, open, and decentralized, which will allow technology partners to build applications and services that are utilized by supply chain participants in a continually evolving, self-sustaining ecosystem.

 

OkayKrypto: How does your company stand out from its competitors?

Eric Piscini (Citizen Reserve): When comparing the SUKU Ecosystem to most blockchain supply chain solutions, we differentiate ourselves in 4 unique ways:

  1. A Wider Scope – Our broader goal aims to alleviate issues throughout the entirety of the supply chain, instead of a single issue.Our core platform is focusing on B2B marketplace and Track & Trace capabilities at first. We are engaging with technology partners to build up all the functions of supply chain including inventory management, manufacturing execution systems, insurance services, etc.
  2. Ecosystem Approach – We engage with both technology partners and trading partners. Technology partners are building the platform with us. This open collaboration allows us to accelerate the build out of the platform and bring a comprehensive set of supply chain features to the market in a short period of time.
  3. Incentive Model – Non-token solutions don’t have the capability to properly incentivize usage and buildout. For example, the SUKU token’s utility comes from a range of uses on the platform. Initially, the token will enable usage of the platform by acting as a form of payment for on-chain transaction fees. Token holders will also have access to premium services and governance capabilities in the form of proposal submission and voting rights for the platform buildout. Tokens will also act as incentives and discounts for trading partners, encouraging them to use and transact on the SUKU Platform.
  4. Reaching More Industries – The SUKU Platform will be open to all industries instead of limited to a handful. While we are focusing on few use cases at first, once the platform is open sourced, anyone will be able to build applications and deliver services on the platform for any industry.

 

Most projects in the blockchain/supply chain space also take a tokenized ecosystem approach, building the underlying infrastructure for trading partners to use and technology partners to build on. We differentiate ourselves from these projects in the following ways:

  • Platform – Our solution expects to include a marketplace and focus in on an end-to-end supply chain software suite; our ‘supply-chain-as-a-service’ concept
  • Team – Our team has vast experience working with enterprises in the supply chain, blockchain, financial services and professional services industries.
  • Market-Focus – We expect our presence in the U.S. to allow us to leverage our domestic relationships and experience, while the majority of other supply chain blockchain projects are focused primarily in Asia or Europe
  • Initial Target – We expect to focus on small and medium enterprises, while other ecosystem solutions primarily focus on large enterprises

 

OkayKrypto: Who makes up your target audience?

Eric Piscini (Citizen Reserve): Our primary audience is made up of two groups: trading partners and technology partners. Our trading partners are supply chain industry partners who may operate nodes and utilize the SUKU Platform functionality: manufacturers, suppliers, distributors, retailers, consumers. We plan to reward them for onboarding onto, interacting with, and promoting the SUKU Ecosystem. We especially hope to  reach small to medium sized businesses that may otherwise not have access to high-tech supply chain systems. Our technology partners are enterprises and individuals who may develop applications, services, or core components to enhance the SUKU Ecosystem. They may receive one-time or continual incentives for developing on any of the SUKU Platform Layers.

 

OkayKrypto: How can people contact you?

Eric Piscini (Citizen Reserve):

Website: https://www.citizensreserve.com/

Email: hello@suku.world

 

 

Continue to Part 1

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