6 questions to Alyssa Tsai from Panony – Cointelegraph Magazine

We ask the builders in the blockchain and cryptocurrency sector about their thoughts on the industry … and throw in a few random pings to keep them on their toes!

This week is ours 6 questions go to Alyssa Tsai, founder and CEO of Panony – an incubator, investor and advisor for blockchain and Web3 business.

My name is Alyssa Tsai and I am the founder and CEO of Panony. There are three pillars of business under our group umbrella. PANews is one of the earliest cryptocurrencies in Greater China and South Korea. It has published over 20,000 articles, with an average of over 5 million page views per month. At Panony, we invest in blockchain projects around the world and consult Fortune 500 companies for integration and expansion in the industry, and span the entire spectrum of the blockchain industry from solution providers and exchanges to public chains, protocols and DApps. I am also a limited partner in NGC Ventures, Animoca Metaverse Fund and Delta Fund.

Before I fell into the rabbit hole of crypto, my previous work experience included Condé Nast, Isentia, Ogilvy and a high-tech law firm. I also speak actively on and moderate global blockchain conferences.

1 – What is the main obstacle in the way of mass adoption of blockchain technology?

The industry is still in the start-up phase. We should be aware of the many challenges, even if there is already a buzzword in the technology world. The scalability problem is directly related to adoption and blockchain implementation. This question is about whether the system can work smoothly when demand increases, which inevitably determines mass integration.

It is also important to note that the complexity of blockchain technology limits the ability of mass markets to value the benefits. The barrier to entry is high, so people must make an effort to understand, not to mention keep up with the rapid changes and disruptions. Now they can just as easily use a sufficiently good solution for their needs, as ordinary financial services.

That’s why I feel like I’m doing a meaningful job every day. It’s too early for blockchain and never too early for us. There are so many things to do and so many people we can support through education. The future is now.

2 – Which countries do the most to support the blockchain, and which will be left standing?

Since I am based from Greater China, I can share what is happening here from my perspective.

Chinese President Xi Jinping once said that the country must “seize the opportunities” provided by blockchain technology. Following this principle, China has developed a platform, known as the Blockchain-based service network, which aims to make the implementation of blockchain technology easier for businesses. Many governments are experimenting with a CBDC – a digital central bank currency, which has a blockchain at its core – and China is piloting its digital yuan.

In recent years, the nation has issued statements supporting the development of blockchain technology across multiple sectors, with an ambition to consolidate the technology in its financial and growth strategies. We also appreciate its intention to build up industry standards, or collective bargaining incentives to support blockchain-based businesses.

Hong Kong has a robust system that has spawned Animoca Brands, Crypto.com, BitMEX and many other exceptional companies in the industry. And on a global scale, Switzerland has SEBA Bank, the first regulated crypto bank in the country. In 2016, Zug’s local government became the first municipality in the world to accept taxes in Bitcoin; and by 2020, the Swiss government allowed residents and companies based in Zug to pay their taxes in either Bitcoin or Ether.

Other countries such as the United States, Singapore, Japan, South Korea and South Africa also play a significant role in the blockchain ecosystem.

3 – What do you want to see tokenized? When, if ever, do you expect this to happen?

Art history in museums, such as Dunhuang murals. I visited many years ago and learned that many experts and researchers are working tirelessly to find a solution to slow down the oxidation of murals caused by light and air exposure. Tokenisation of these can help raise more money for research and democratize art investments by making works of art available to the public. It can happen at any time.

In addition, charity work and support for research will be great to see tokenized, especially in the shadow of COVID-19.

4 – What makes sense to you, and what makes no sense at all?

Equality. As a young female entrepreneur who comes from the East and connects to the West, I ask for more investment and education around women. I have met so many powerful women with different backgrounds, and they are as smart and hardworking as men. In reality, challenges remain: there is discriminatory legislation, societal practices persist, and women continue to be under-represented in leadership at all levels.

When we talk about education, children do not make sense to learn for their parents’ pride. We should pay attention to personal growth.

5 – Which alternative film universe would you most like to live in, and why?

Marvels. It dawned on me at the very beginning of the COVID-19 pandemic that we could really have a powerful superhero who could save thousands of lives. Furthermore, the films are about incredible, exciting journeys through time and space. I would like to discover new worlds. For now, I have to settle for crypto as my wild new world to explore.

6 – Think of a favorite poem or musical text. What is it and why does it speak to you?

From “Bring in the Wine” by Li Bai of the Tang Dynasty: “When hope is won, oh, drink your fill in great joy; And never leave the cup of wine empty in the moonlight! Heaven has made us talents; we are not made in vain. A thousand gold coins used; more will reappear. ” For people who may be interested in the original version – ： 《将进酒》 ： 人生 人生 得意 须 尽欢 ， 莫 使 金樽 空 对 月。 天 甕 ｑ 材 材 働 天生

I learned this classic Chinese poem in middle school, and it was eye-opening for me at the time how people who lived thousands of years ago could live their lives to the fullest even when they were excluded from a position working for the emperor. I guess that’s how I learned about resilience and not being afraid of challenges.

Even today, I still remember every word in this poem that inspires and strengthens me – it is as if I am encouraged to be someone like Li Bai, who continues to push forward despite the difficulties and be truthful. I just keep doing things I believe in, even when I feel down.

A wish to the young, ambitious blockchain community:

Be aggressive and inclusive. Get to know your community, and listen to your community. Lift and add value to each other through cooperation and fair competition.