Recap: BSV at the 3rd Pujiang Alumni Forum

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By Jamie McKane Published: December 1, 2021
3rd Pujiang Alumni Forum

On November 14, 2021, the Shanghai Alumni Association and Keyi Technology hosted the third annual Pujiang Alumni Forum in Shanghai, China. The theme of this year’s event was ‘New Wave – Blockchain versus Fintech’, with speakers exploring the burgeoning blockchain industry and its potential impact on fintech and traditional economics.

The Shanghai Alumni Association organises alumni events related to foreign trade, finance, science and technology, economics, law and various other fields. These events facilitate the sharing of knowledge and expertise amongst alumni and across many cutting-edge industries.

The guest speaker at the Pujiang Alumni Forum was Bitcoin Association’s Lise Li, CEO of Keyi Technology and Head of the BSV Hub in China. Li is a graduate of the University of International Business and Economics in Beijing and has significant experience in the blockchain industry.

In her role as Head of the BSV Hub in China, Li oversees one of Bitcoin Association’s key markets, where she is responsible for developing and implementing a comprehensive strategy for developing awareness and use of BSV in the country.

The forum hosted a physical audience at its venue in Shanghai and was also streamed live to hundreds of online viewers.

The event began with an address by UIBE Shanghai Alumni Association President Li Fei, who introduced the third iteration of the Pujiang Alumni Forum and spoke about the event’s history and objectives. Fei said that the forum aimed to help the alumni and viewers to better understand blockchain and its effect as a ‘new wave’ technology on the worlds of fintech and traditional finance.

 

Lise Li on blockchain and fintech

Following this introduction, Lise Li took the stage to speak about blockchain technology and its principal applications to the world of finance. She explained the concept of blockchain technology to the audience and showed how its basic operations were suited to the financial industry.

One of the key solutions blockchain technology offers is a triple-entry accounting system that removes the risk of double-spending without relying on third parties. This is a powerful tool for financial applications as it provides an immutable and auditable trail of transactions that is highly resistant to manipulation.

Li explored this and other mechanics of blockchain from the perspective of BSV, the only public blockchain that offers unbounded scaling and low-fee transactions. She stressed the peer-to-peer nature of the BSV network, its immutability and its public accessibility, and she showcased many of BSV’s technical features and how these could solve existing problems in the fintech space.

Li explained how the efficiency of traditional bookkeeping and auditing could be drastically improved through the adoption of blockchain, while also reducing the cost of these activities and many other financial services. She believes this cost reduction, paired with greater efficiency and auditability, is a key driver of future blockchain adoption within the fintech space.

The advantages of blockchain are not confined to financial industries, however, and Li also gave many examples of how BSV and blockchain technology could improve everyday life and common business applications through its adoption as the underlying network powering consumer-facing products and services in the future.

The event concluded with a live Q&A session, during which Lise Li responded to questions fielded by alumni and expanded on the points she had made in her address to the forum.

A full video of the event is available to watch here.