[Blockchain in SEA] Roadshow of Blockchain’s future
Blockchain in SEA
186days ago


Time:01/23  18:00

Wechat group: BlockChain-in-SEA

Guest: Victor Goh, Founder, NYC BlockAsia

Host: Andy Zheng, CEO, Beecast



Andy Zheng: Good evening, everyone! I am Andy Zheng, CEO of Beecast.

Welcome to the leading blockchain community media [Beecast] and join us with 5000+ communities & 1000000+ Beecasters in [Blockchain in SEA] to discuss blockchain technology and industry development.

This is the Phase 14, Topic: Roadshow of Blockchain’s future.

Guest: Victor Goh

Victor Goh,Founder, NYC BlockAsia. He graduated from Wesleyan University, worked a couple years in NYC in financial services consulting. He organized first NYC-Asia Pacific blockchain conference (NYC BlockAsia) in May last year, then organized Blockchain Pioneers Summit in Singapore in September. Currently with Asia Blockchain Review, based in Thailand and building communities.


Andy Zheng: Mr. Victor, you can briefly introduce yourself and your experience, why did you go into the blockchain industry?

Mr. Victor: As Andy introduced, I went to college in the US. I am a Singaporean actually, moved to the US and lived there for several years and worked in financial services consulting.

One day in 2017 Summer I woke up and saw a facebook post of a friend of mine, talking about bitcoin. I decided immediately to buy a small amount and spent time to study what I bought.

Over time, I came to learn about the technology behind bitcoin. I was able to go out to events and discuss with people about various applications and developments. After attending many meetups and conferences, I decided to organize my own meetups, which eventually led to me organizing a conference.

One of the big motivations behind joining the blockchain industry is that there are so many intelligent people in the space that I could meet and learn from.

There is always something new to learn each day, and it's never boring compared to a corporate job.

Andy Zheng: Business caused by one bitcoin.


Andy Zheng: We would like to know about the NYC BlockAsia, that you are currently mainly working on. What do you think is the biggest gain in a year of running?

Mr. Victor: Let me first introduce what NYC BlockAsia is. This was my first conference last May, focusing on connecting blockchain ecosystems in Asia and US together.

I noticed that Consensus in NYC, one of the largest and most-recognizable Blockchain conferences, did not have much Asian representation. This includes both speakers and attendees.

However, Asia holds great potential in terms of blockchain financing and applications.

I knew we needed a platform to showcase what's really coming out from Asia, that's why I launched NYC BlockAsia. That was when I left my consulting job and organized the conference full-time.

This was the first blockchain conference connecting the NYC ecosystem to Asia-Pacific. One of the biggest takeaways is the satisfaction in seeing how people get connected to new collaboration opportunities and access to the huge amounts of capital in NYC.

Andy Zheng: In fact, as far as I know, the development of blockchain in Asia is better. After all, the blockchain is based on the Internet. There are more Internet users in Asia and more application scenarios.

Mr. Victor: I was able to build up my blockchain network really quickly, which led to my next conference "Blockchain Pioneers Summit" in Singapore.

I put very high priority on speaker quality and diversity. So through these speakers, I get to learn a lot about what's happening in different ecosystems.

Afterall, Asia is not one single ecosystem. Each country has its own policy, players and relevant blockchain applications.

Biggest takeaways were the vast blockchain network I was able to build and getting to know the nuances of various ecosystems across Asia.


Andy Zheng: What challenges have you experienced in entering foreign markets?

Mr. Victor: I will break this into different phases.

When first entering the country: not knowing who to work with.

For countries that don't really feature in international media, it's hard to find out who the players are. Also, it's hard to understand if each player is a right fit for partnership. You may be able to provide something, but local players may not need it.

For example, I have heard suggestions of blockchain players from China suggesting to local players they could do a roadshow in China and they could help with the Chinese market. However to my knowledge, while Chinese market is huge and valuable, there are very big challenges to overcome before the startups can take advantage of the resources.

Startups outside of China may be able to go to China to do a roadshow and get connected with important people, but it doesn't add long-term value to them. It's always easier for Chinese to work with other Chinese, and given how big China ecosystem is, foreign collaboration will take more effort and thus become less important.

There is a bigger challenge if both sides don't speak the same language. That is the reality, and while foreign startups know there are huge opportunities in China, they also know there are huge upfront and long-term costs. And as startups, some don't have those resources, or prefer to put those resources in other markets.

this leads to the next challenge:

1. When first entering the country: not knowing who to work with

2. After entering the country: not providing relevant resources to the local players

It is a huge challenge to keep in touch.

So for startups outside of China, some don't have those resources for long-term entry into China, or prefer to put those resources in other markets. Differences in language, and differences in chat platforms is an important factor.

Challenges entering foreign markets

1. When first entering the country: not knowing who to work with.

2. After entering the country: not providing relevant resources to the local players.

3. After establishing contact: not able to keep in touch, whether due to differences in language, and differences in chat platforms. also difficult to meet in person.

Before entering a foreign market, it is important to understand the challenges. Prepare to dedicate huge resources and effort towards a long-term plan. Ideally, set up a physical presence. Then think about working together over a period of time and make sure local players actually benefit from working with you.

Andy Zheng: I agree with you very much, I have this experience now.

Mr. Victor: Oh also, do this for all the markets you want to enter. so overall it's a lot of work. Don't tackle the whole of southeast-asia or the whole of asia at the same time without a proper long-term plan and resources dedicated to it.


Andy Zheng: At present, you are working with Asia Blockchain Review to establish blockchain communities in Thailand. What do you know about the current situation of blockchain communities development in Thailand?

Mr. Victor: It is very exciting to see the various blockchain communities in Thailand working together.

The recent Blockchain Genesis Thailand conference was organized by numerous members of the Thai Blockchain Association. It was a huge success with a lot of engagement with the Thai ecosystem.

I admire a lot of the existing communities in Thailand. In this bear market, they are still working hard with a lot of passion and dedication. They have a collective vision to grow the ecosystem together and make it stronger.


Andy Zheng: What do you think is the biggest significance of building a bridge between Asia and the US in the blockchain industry?

Mr. Victor: I think it's the realization that both sides need one another, and can become stronger by coming together.

The US may have some of the top technical talent in the world but to scale their projects they may be interested to tap into the more affordable developers coming out from parts of Asia.

The US fixates a lot on blockchain's power to decentralize institutions, but what's more applicable is that people actually use it. In parts of Asia, there is immense opportunity for cheaper remittance transfers, banking the unbanked & identity, improving supply chain ecosystems etc.

Although these applications also apply to the US, but the US blockchain narrative is primarily about decentralization. On the other hand, the Asian blockchain narrative is more of actually improving existing processes through the technology. (and also making money on trading, which also serves the purpose of community building and indirectly keeping the tokens alive)

Because of the differences in blockchain narratives, it can be hard for Americans to imagine applications beyond the idea of decentralization. because of differences in experiences, it can also be hard to implement applications that will drastically improve people's lives and that people will actually use.

On the other hand, the US has immense resources accumulated over the past century. Many have been talking about the significance of NASDAQ and eventually the entire Wall Street getting into crypto. Although China has significant resources, the US's resources are not just financial but also embedded in the international institutions that it controls.

The US approach also tends to be more globalized, so many players will try to emulate the US approach as they think about going global.

This is important not just between Asia and the US, but also within Asia, between countries in Asia.

Countries outside of China, Japan and to a lesser extent Korea, will need to raise the global visibility to attract attention and foreign investment into the local blockchain ecosystems.

Reference my earlier point, there are huge potential costs for the local projects to enter another market. However, to build a long-term cross-border ecosystem, (1) first, countries with capital need to actively engage with smaller countries, (2) second, after investing in projects from these countries, this will build trust for the long run. Then (3), this could be a way to break into a foreign market, because you already have a local partner bonded by financial interests.

Some of the funds that take on more risk may also be interested in exploring investment opportunities in places like southeast-asia or south asia. There are a lot of ways to mutually benefit each other in this global ecosystem.

Some projects choose to explore new markets in this bear market, so they can lay out the foundations for the future. The next bull market would bring in much needed funds, which will provide additional resources to enter new markets for the long-term. With additional market cycles, the ecosystems will become closer with each other.

Not making these preparations to explore foreign markets early on, will mean that you will lose out valuable opportunities to expand and possibly be left behind.


Andy Zheng: Would you like to talk about the future development of NYC BlockAsia? What is the layout and planning of NYC BlockAsia's business in Thailand and even in Southeast Asia?

Mr. Victor: NYC BlockAsia is currently a passion project. It will only be in NYC for the time being, with NYC BlockAsia 2 coming up this May.

As I said before, engagement across ecosystems is very important. However there are some challenges: within Asia, there are several language, cultural and communication difficulties. It is counter-intuitive, but it may be easier to build up stronger relationships between Asia ecosystems in the US. Because everyone will be speaking in English and will be able to communicate properly with one another. Also, the Asians you meet in the US will probably be able to provide a global form of value to you.

SF and NYC are both suitable places. I chose NYC for a few reasons, (1) NYC has much more wealth, while SF is more tech. I think financial entanglement is more important to promote collaboration. (2) New Yorkers seldom fly out to Asia. It's just too far. Plus, they expect others to fly into NYC to meet them because there is huge financial incentive to do so when raising funds. (3) Less competition for east-west conference in NYC, compared to SF. (4) I lived in New York for a couple of years, so it's more familiar and I can leverage existing connections there.

Once NYC BlockAsia is established as a premier platform to facilitate interactions between US and Asia, and between countries in Asia, there is a possibility to expand to SF / LA and eventually into Asia.

With Asia, the key is to co-organize with local communities. We will bring in the branding and global speakers, while local communities bring in local speakers and attendees. In that way, it's mutually beneficial financially. At the same time, the local ecosystem will benefit from greater global visibility.

As Asia Blockchain Review (ABR) is based in southeast asia, especially in Vietnam, Thailand and Malaysia, working with ABR has been a valuable opportunity to get to know community players in southeast-asia. ABR is an amazing resource for anyone interested in entering markets in southeast asia, for anyone interested in learning about ABR feel free to check out www.asiablockchainreview.com


 Q & A

Q: The host mentioned in the introduction that you have worked in a financial services consulting company, what do you think of the relationship between this experience and your involvement in the blockchain industry?

Mr. Victor: While working in financial services that I got to learn about various devious strategies that financial institutions use in order to make the most money.

For example, in credit card industry sometimes there is a feature that allows you to buy a laptop without paying any interest, payable over 2 years. If you miss any payment, you will have to pay back all the interest from before. That means if you miss the last payment, you pay 2 years of interest (versus not paying any). This is all hidden in the contract details.

It made me realize the potential benefits of decentralizing loan services, where more lending players will mean better terms and conditions.

This is relevant for many industries dominated by a small number of players. While I am not advocating for the elimination of these players, having more competition (through the use of blockchain) could be beneficial for everyone in the long run. This was just a realization from my prior experience.



[Blockchain in SEA] 赋能区块链,路演未来image.png

对话时间:2018 年 1月 23日  18:00 



Victor Goh

NYC BlockAsia创始人


东南亚Beecast CEO


郑西平:各位Beecaster,大家晚上好!我是东南亚Beecast CEO 郑西平。

欢迎大家来到领先的区块链社群媒体【Beecast】,与5000+社群1000000+Beecasters一起参与【Blockchain in SEA】节目,探讨区块链技术与行业发展。本期是Beecast【Blockchain in SEA】第14期,


嘉宾:Victor Goh

Victor Goh, NYC BlockAsia创始人,毕业于卫斯理大学后,Victor在纽约金融服务咨询公司工作了几年。去年五月他组织了首届纽约-亚太地区区块链会议(NYC BlockAsia),并于9月在新加坡组织Blockchain Pioneers峰会。目前与Asia Blockchain Review一同构建区块链社区,总部设在泰国。  








郑西平:我们想了解一下目前您主要在做的NYC BlockAsia,运行一年以来,您认为最大的收获是什么?

Vicor先生:首先让我介绍一下NYC BlockAsia是什么。它是我去年五月举办的第一次会议,重点是把亚洲和美国的区块链生态系统连接起来。


然而,亚洲在区块链融资和应用方面有着巨大的潜力。我知道我们需要一个平台来展示真正来自亚洲的是什么,这就是为什么我推出了NYC BlockAsia。就在那时,我辞去了咨询工作,开始组织会议。



























郑西平:目前,您与Asia Blockchain Review一同在泰国建立区块链社区,您对于泰国的区块链社区发展现状有了哪些了解?


最近的Blockchain Genesis泰国会议是由泰国区块链协会的许多成员组织的,泰国生态系统的大量参与,会议取得了巨大的成功。


















郑西平:请您谈一谈NYC BlockAsia的未来发展规划。NYC BlockAsia的业务在泰国乃至东南亚的布局规化是怎样的?

Vicor先生:NYC BlockAsia公司目前是一个充满激情的项目,它将暂时只在纽约,第二届NYC BlockAsia将于今年5月到来。



一旦NYC BlockAsia成为促进美国和亚洲以及亚洲国家之间互动的首要平台,就有可能扩展到旧金山和洛杉矶,并最终扩展到亚洲.


由于Asia Blockchain Review(ABR)总部设在东南亚,特别是在越南、泰国和马来西亚,与ABR合作一直是了解东南亚、亚洲社区参与者的宝贵机会。对于任何有兴趣进入东南亚市场的人来说,ABR是一个令人惊奇的资源,任何对ABR感兴趣的人都可以访问www.asiablockchainreview.com。






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