With a total pop. of 570M, a young demographic & high Internet usage, Southeast Asia (SEA) is promising for companies & investors in blockchain & crypto.
#Blockchain
The global blockchain market is growing fast & it is expected to grow from USD 3.0B in 2020 to USD 39.7B by 2025 at an impressive CAGR of 67.3% during 2020–2025. The global fintech market has also significantly grown over the past 2 years & so is the case in Southeast Asia. (1/n)
With a total pop. of 570M, a young demographic & high Internet usage, Southeast Asia (SEA) is promising for companies & investors in blockchain & crypto.
#Blockchain
Today, the application of decentralized finance (DeFi) is under the limelight.
As the financial hub for SEA, Singapore plays a critical role in supporting the region to push it forward technologically & financially.
The republic is also home to 19 cryptocurrency foundations & 634 global crypto companies such as @LitecoinDotCom, @wanchain_org, @Neo_Blockchain & @Tronfoundation.
More than US$593M has been raised to date that accounts to >1/3 of funds raised on global IEO platforms.
Malaysia has made major strides in cryptocurrency w/ @LunoGlobal operating there.
The technology is also playing a major role in helping Malay SMEs to make low-cost, same-day cross-border payments to global suppliers.
Developed using Distributed Ledger Technology (DLT) to serve...
Also, Malaysia’s Ministry of Edu built an e-Skrol app (using blockchain) to verify degrees for both public & pvt universities in the country.
The country, now a breeding ground for blockchain entrepreneurs, is home to 26 blockchain startups (as of 2019).
The land of blockchain made headway in the crypto world through the launch of its 1st regulated ICO portal, SE Digital that…
To date, Thailand has 4 approved digital asset exchanges – Bitcoin Exchange Co., Bitkub Online Co, Satang Corporation & Coins TH.
Upon the completion of voting, the results will be tabulated ‘immediately’ and the data will be sent.
In 2019 @etda_thailand initiated a nationwide Digital ID to verify the digital identities of citizens using BC.
In terms of cross-border exchange and remittance, there is significant progress as well.
@scb_thailand
With 7/10 ppl w/o a bank acct, Philippines offers a lucrative opportunity for cryptocurrency to thrive.
In 2019 Indonesian govt announced the creation of legal frameworks in which cryptocurrencies & digital assets will be classified…
The announcement was followed by govt’s multimillion $ partnership w/ Singapore-based BC firm PLMP to improve the logistics industry using the technology.
From blockchain-based Islamic financial services to POS, they're ahead in the game.
ہمارا عزم
آپ کا انٹرنیٹ، آپ کی ملکیت
#OwnYourInternet
More from Crypto
I've just read one of the most lucid, wide-ranging, cross-disciplinary critiques of cryptocurrency and blockchain I've yet to encounter. 1/
It comes from David "DSHR" Rosenthal, a distinguished technologist whose past achievements including helping to develop X11 and the core technologies for Nvidia.
https://t.co/tkAMShno4k 2/
Rosenthal's critique is a transcript of a lecture he gave to Stanford's EE380 class, adapted from a December 2021 talk for an investor conference. 3/
It is a bang-up-to-date synthesis of many of the critical writings on the subject, glued together with Rosenthal's own deep technical expertise. He calls it "Can We Mitigate Cryptocurrencies' Externalities?"
The presence of "externalities" in Rosenthal's title is key. 4/
Rosenthal identifies blockchainism's core ideology as emerging from "the libertarian culture of Silicon Valley and the cypherpunks," and states that "libertarianism's attraction is based on ignoring externalities."
This is an important critique of libertarianism. 5/
It comes from David "DSHR" Rosenthal, a distinguished technologist whose past achievements including helping to develop X11 and the core technologies for Nvidia.
https://t.co/tkAMShno4k 2/
Rosenthal's critique is a transcript of a lecture he gave to Stanford's EE380 class, adapted from a December 2021 talk for an investor conference. 3/
It is a bang-up-to-date synthesis of many of the critical writings on the subject, glued together with Rosenthal's own deep technical expertise. He calls it "Can We Mitigate Cryptocurrencies' Externalities?"
The presence of "externalities" in Rosenthal's title is key. 4/
Rosenthal identifies blockchainism's core ideology as emerging from "the libertarian culture of Silicon Valley and the cypherpunks," and states that "libertarianism's attraction is based on ignoring externalities."
This is an important critique of libertarianism. 5/
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First thread of the year because I have time during MCO. As requested, a thread on the gods and spirits of Malay folk religion. Some are indigenous, some are of Indian origin, some have Islamic
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
i wonder if you can make a thread bout witchcraft in malaysia.. or list of our own local gods/deites..
— r a y a \U0001f319 (@lcvelylilith) February 20, 2020
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Animist ceremonies of a religious or magical nature were normally held for the purpose of divination or making a request. This would either be done at a keramat or at a shrine similar to the Thai spirit houses or Chinese roadside shrines pic.twitter.com/I1hliyi0x3
— \u2745\u1710\u170b\u1713\u170e (@uglyluhan) June 16, 2019
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
