February 1, 2018
It seems like everyone is getting into blockchain these days. This decentralized database and ledger technology has moved fast and is gaining traction in an increasing number of applications and digital transformation in sectors such as banking and insurance.
Is there anything that blockchain technology isn’t going to revolutionise? Many people believe that it will change a whole lot and we’re just in the very early days. Given its roots and inherent characteristics, the possibilities of blockchain in finance are explored and increasingly applied in financial technology (FinTech) with applications in banking, insurance and more financial services, including entirely new models of paying for and securing transactions of the financial kind.
For all of these reasons, Infinity Blockchain Labs’ (IBL) goal is to expand use and awareness of the blockchain including blockchain fintech. Therefore, to achieve this, IBL focuses on forming alliances with established businesses and regulatory institutions across various industries, as well as providing collaborative incubation for early stage blockchain projects. The company aspires to empower Vietnam to become the global leader in blockchain research and development.
On 16 January 2018, IBL and QUOINE helds a free meetup open to the public at QUOINE office (Sunny Tower) to provide information on blockchain fintech and the power of blockchain technology in revolutising current trading systems. During this meetup event, QUOINE shared to more than 100 audiences their unique experience in building the high performance trading systems that helps connect different participants in the new token economy (buyers and sellers), helping facilitate efficient flow of funds between different cryptocurrencies/tokens within the blockchain ecosystem and in turn, helping build a new future for financial services in the blockchain ecosystem. QUOINE also shared their experience in building their very own QASH blockchain to power the blockchain fintech ecosystem during this event.
The evening began with QUOINE Vice President of Engineering, Chinh Nguyen leading attendees through a detailed explanation of Blockchain Scalability as well as Blockchain Shading Proof-of-take. His presentation also highlighted differences between Proof-of-work and Proof-of stake models. Then, the presentation ended with a detailing of the explanations of DAG (Directed Acyclic Graph).
QUOINE Vice President of Engineering, Chinh Nguyen, was giving an introduction about Blockchain Fintech
Quang Le, QUOINE Vice President of Trading Systems, spoke next. He gave the audiences full explanation about Layered Architecture as well as its benefits and drawbacks. Moreover, he also mentioned Event-driven Architecture. After that, his speech provided many useful information about Mediator approach and broker approach as well as their key benefits/drawbacks.
QUOINE Vice President of Trading Systems, Quang Le, was explaining the concept of Event-driven Architecture
Eager Audience in Attendance at the meetup
One of the most IBL’s and QUOINE’s significant shared goals is community engagement and involvement. Both companies are active in their communities thanks to workshops, meetups and conference speaking engagements. By sharing events, speakers and workshops they can help spread knowledge and experience about blockchain’s impact for FinTech and the power of blockchain fintech to regulators, developers and institutions.
You can learn more about Infinity Blockchain Labs (IBL) and stay current with our activities by visiting our website and social media accounts below:
LinkedIn: Infinity Blockchain Labs
Contact: Nicole Nguyen PR@blockchainlabs.asia