Blockcast.cc: Good afternoon all. Post-pandemic policies, energy security, Biden‘s climate agenda, US-China relations, housing in India, Bitcoin and the BRI are among the topics being discussed. We did not forget our guest for this week. He is Melvin Goh from Amity Global Institute.
Hi Melvin, can you tell us more about yourself, your career, past and current work experience.
Melvin: Thanks, Jenny. I am currently the Associate Dean at Amity Global Institute, Singapore where I am teaching in several in-house and partnership business and management courses. My past experiences are in marketing, retailing and merchandising predominantly in the business of wines and spirits.
Blockcast.cc: When did you first start to take notice of blockchain technology?
I am first started to notice blockchain technology in 2015 when I chance on Satoshi Nakamoto’s “peer to peer electronic cash system”
Blockcast.cc: In your line of work and experiences, what is blockchain most suited for? And for which industry? Share with us a case study if you can.
Melvin: In the wine industry cryptography to authenticate rare and fine wines are now already in place especially for more postmodern wineries rather than the traditional ones.
Blockcast.cc: There are new courses and degrees about blockchain. Do you think it is the right time to introduce them? Which university is more outstanding in this field?
Yes, blockchain technology has many applications in business innovation. It is an appropriate time to introduce them. A good University that offers a deeper understanding of the capabilities and limitations of blockchain technology, enabling you to assess which business problems it can solve as well as a framework for a blockchain-based strategy that addresses a challenge within your own business context and knowledge of how blockchain powers applications like bitcoin and other token-based initiatives, guided by crypto-economics experts would be MIT Sloan.
Blockcast.cc: Do you think blockchain-related degrees will go mainstream? Yes- why? No- why?
Melvin: Yes, Blockchain-related degrees should be integrated with the curriculum if it were to go mainstream, as blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically. It is a foundational technology that is already being used to track and traced items for authenticity.
Blockcast.cc: Blockchain is a remarkable technology in my opinion. But many have neglected the possibilities of this technology. Why do you think so?
Melvin: With any innovative technology, we need people, system, and structure in place to promote the use and application of this technology. As it is a decentralized digitized ledger, we need to know the limitations and perceptions of people using this technology, hence giving you the answer to its possibilities.
Blockcast.cc: Yet another group sees blockchain as a speculation tool, which is closely linked to cryptocurrency. Do you think this is a fair link? What is your view?
Melvin: This is another perception of the education of blockchain, Cryptocurrency is only one of the applications for blockchain. Hence you will note the level of understanding is closely associated with “bitcoin” hence a speculation tool.
Blockcast.cc: Bitcoin has increased in value to close to $60,000. How sustainable is this? We hope to hear your opinion too.
Melvin: If the supporters for “Bitcoin” are aggressive this value can further be increased dramatically. However, with any crypto-economics they can be set-back for those who only speculate as there is no regeneration on future sustainability.
Blockcast.cc: Are you working on any blockchain projects? Can you share with us some details?
Melvin: I am not working on any blockchain technology, but I am studying the effects of how blockchain technology can alleviate poverty, decrease inequality and improve socio-cultural diversity and promote cooperation and collaboration for social justice and humanity.
Blockcast.cc: Lastly, share an inspiring note to end off our interview.
Melvin: Our economic, legal and political systems can protect assets and organizational boundaries; establish and verify identities and chronicles of events; govern interactions among nations; communities, organisations. and individuals; guide managerial and social action if we can apply blockchain technology in our economy’s digital transformation on contracts, transactions, and all records.
Blockcast.cc: Thanks Melvin for your inputs and time for this interview. For more information on Blockcast.cc, you can reach us at:
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