Asch was invited to participate in the 2018 China-Israeli Blockchain Industry and Artificial Intelligence Summit Forum ASCH Follow Mar 25, 2018 · 4 min read

The China-Israel Blockchain Industry and Artificial Intelligence Summit Forum, which is organized by the Israel Consulate General in Guangzhou, Guangdong Yuejia Foundation, and WeiLaiCaiJing, co-sponsored by the Chainhoo Finance, Lianpai Community, and Asch, and co-organized by Bidamao, VVBTC, Chain Alliance Forum, LinkCoin, and Qujia Information Technology, was grandly held on March 23, 2018 at the Four Seasons Hotel in Guangzhou.

The meeting was a big gathering. Meng Ke, director of YueJia Foundation, Li Dawei, co-founder of ZB.COM, Baoshi, dean of Dean College, Wang Zhenxi, founder of Lianpai Community, Liu Damao, CEO of Manxin Network Technology Co., Ltd, Zhang Yiyun, partner of GeekBeans Capital, Yotam Leder, general manager at China-Israel Science Technology & Innovation Center, prince Jack, investor expert, Zhao Rong, AI researcher and Ye Hanxin, CEO of Encryption Capital all attended the summit.

Mr. Shan Qingfeng, CEO of Asch Chain, was invited to attend this meeting and had a roundtable discussion.

When talking about how to look at the combination of blockchain and artificial intelligence, Shan Qingfeng believes that there are two main aspects, namely, what are the problems with artificial intelligence that need to be addressed by the blockchain, and how artificial intelligence can help blockchain development.

He believes that blockchain helps artificial intelligence development mainly in three aspects, data sharing, data tagging, data auditing and tracking. Artificial intelligence and some machine algorithms rely heavily on data, and organizations and companies have a lot of data, but these data are islands of information. Therefore, data can become assets on the blockchain and help complete data sharing. Turn non-standard data into standard data and use blockchain tokens to motivate data tagging. In addition, in the process of using artificial algorithms in artificial intelligence, if the data is not safe, it will produce bad results. Therefore, the blockchain can help audit and track data and solve the security risks faced by artificial intelligence.

Artificial intelligence helps blockchain development in two aspects. One is to apply the mining power to artificial intelligence model training to solve the problem of waste of resources. The other is to build real smart contracts. The current smart contracts are not smart; they are only digital contracts. With the help of artificial intelligence, there will be truly intelligent smart contracts in the future, using machines to manage daily operations on contracts, such as intelligent DAO.

When it comes to investing in artificial intelligence industry, he thinks there are two aspects to be paid attention to. On the one hand, it depends on whether the enterprises can get enough data, and artificial intelligence relies heavily on the scale and quality of data. On the other hand, in the process of obtaining data, whether the enterprises can guarantee user privacy.

At the roundtable, the guests of the two countries discussed the application of blockchain technology and the problem of the implementation of blockchain technology. China-Israeli experts spoke freely and the sparks of inspiration struck, reaching consensus on blockchain and artificial intelligence issues.

As the CEO of Asch Chain, Shan Qingfeng has been devoted to the research of blockchain technology for a long period of time. His opinions on artificial intelligence and blockchain have been unanimously approved by many guests at the scene.

Asch was initially designed to lower the barrier to entry for developers. With the use of JavaScript as its application programming language, the platform makes use of relational databases to store data, drawing similarities between developing a DAPP and developing a traditional web application. This type of platform carries a great deal of appeal to developers, as well as small and medium enterprises, since its ease of use results in greater productivity, fuelling and facilitating a more prosperous ecosystem in the process.

The vision of the Asch platform is to become the cornerstone of the future permit economy. It is not only a world-class blockchain application development platform, but also the foundation of the world-class economy.

Artificial intelligence and blockchain are currently the two most important technologies. These two major technologies accelerate the pace of innovation and bring about major changes in every industrial field. Their combination is bound to fundamentally reshape mankind and technology paradigms.