040: Emerging Trends Pt 3/3: CRYPTO, NFTs and What the Hell is going on in CHINA? w/ Analyse Asia's Bernard Leong
Release Date: 10/10/2021
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info_outlineWelcome to the final episode of our 3 part series on Emerging Tech Trends with our guest, Analyse Asia’s Bernard Leong.
In part 2, we covered the latest developments in Drones, AI and digital transformation.
For this final episode, we’ll dig deep into what’s going on with Crypto, what are NFTs, why have they become so popular and how can they be used - and then we’ll close out by addressing the big one - what the hell is going on with China.
(note: this podcast was recorded prior to China’s recent announcement that declares all crypto-currency transactions illegal - amazing how fast things change!)
Show Notes:
00:40 What’s the latest trends we need to know about Crypto & Blockchain?
- Private blockchains are just databases - and they have failed
02:10 The latest killer apps - Decentralized Finance (DeFi) & Non Fungible Tokens (NFTs)
- NFT use cases beyond memes
- Creating a syndicate - Decentralized Autonomous Organizations (DAO)
- Countries issuing their one cryptocurrency - like the Digital Chinese Yuan
07:40 Bitcoin / crypto and the Sustainability issues
11:00 The latest on the US / China trade war
- There will be two supply chains - China and the rest of the world
15:40 China’s crackdown on its own consumer tech vendors
- China’s trying to avoid the demographic time bomb that the US, Japan and Singapore face
18:30 How China imposes “shock therapy” on its own ecosystem
- Making online education market non-profit
- Killing off the 9x9x6 work culture
- The US, Japan and Singapore killed off their own manufacturing industries - China wants to retain theirs and copy Germany’s model
- Crackdown on children’s gaming - limited to a few hours per week during specific times
25:00 If I’m a Chinese tech billionaire, should I be scared right now?
25:40 What’s next for Bernard and Analyse Asia
28:10 What have you been reading lately that had the most impact on you?