Acting as an information bridge for executives and organisations on why and how to adopt blockchain, Morpheus Labs recently co-organised a webinar with HUAWEI CLOUD. This was one of the first symposiums globally to have focused on accelerating innovations in FinTech with Blockchain and AI.
The webinar was aimed at helping businesses and organisations (mainly Fintech & Financial sectors) understand how they can implement and scale their businesses with blockchain solutions. Some of the biggest companies in the world are investing or getting involved with cryptocurrencies. Organisations today are exploring how blockchain technology is able to enhance their operations and boost their bottom line.
The inaugural symposium took place on February 25th, 2021 as a hybrid event, offering both online and offline options for event participants. The symposium was Fintech and financial sector focused, targeting tech-minded organisations that work with applications in the cloud, as well as blockchain-based solutions.
As part of the joint GTM strategy with Huawei Cloud, Morpheus Labs announced that it is joining hands with its blockchain partners to attain exposure together to drive and promote blockchain adoption. This is part of the greater strategy that both Huawei and Morpheus Labs planned – to drive up the adoption rate of Blockchain technology in a healthy and positive ecosystem. Since Morpheus Labs and Huawei are already intimately involved in enterprise blockchain solutions, they will be able to facilitate network implementations and can connect businesses with various blockchain resources.
The keynote segments and panels were led by some well-known thought leaders in the fintech space including the likes of MD, CTO and CSO of Huawei, the CEO of Morpheus Labs, Risk Assurance and Digital Business Leader of PwC Singapore, President of Singapore Fintech Association, the Associate Director of Temasek and the banking Practice Lead of Accenture (S.E.A).
Takeaways From Industry Leaders
Greg Unsworth, Digital Business Leader & Risk Assurance of PwC Singapore, shared his insights in the 4Cs that will shape financial services of the future. Where customers are enabled like never before – customers are given more choices in terms of different services and products that they have tapped into from the financial perspective; there is a continuing need for traditional banks to evolve, offer digital-friendly and consumer-friendly service offerings.
Anson Shen, Chief Strategy Officer of Huawei Cloud & AI APAC, talked about HUAWEI Cloud’s capabilities, security infrastructure and services, Huawei’s business success, its global footprint and Huawei’s customers in the financial service industry. He also shared his observations on the trend and innovations in the financial world, and their key to future success.
Pei Han, CEO of Morpheus Labs began his keynote speech by sharing a recent event with his children in an outing, relating to how businesses respond to new innovations and technologies. Zooming into finance digital transformation will be among the key areas where blockchain technology will bloom in the near future. He talked about the importance of having the right tools and infrastructure to achieve rapid prototyping, cost efficiency and a fail-safe environment for businesses to build solutions on blockchain; he importance of integrating a reliable Cloud and building a business ecosystem.
The symposium started with the opening statement from Huawei’s chief strategy officer followed by presentations and speeches by each of the scheduled guest areas of expertise. Blockchain partners of Morpheus Labs, R3 and ProximaX were also invited to showcase their blockchain solutions.
Victor Boardman, Head of Insurance at R3, took the audience through a few of the use cases that R3 is seeing in insurance; a recap of how far Corda blockchain technology has come to solving inefficiencies on blockchain distributed ledger.
Lastly, Nicholas Watson, the Director of Fintech Solutions of ProximaX introduced one of their white-label fintech products – a blockchain-powered wallet for payments. He addressed the query of why blockchain and its benefits, and how ProximaX developed the product with its features to benefit the fintech industry.
