• Home News BiKi.com: SEA CEO Ethan Ng Talks Supply Chain and Exchanges as Future Financial Institutions

BiKi.com: SEA CEO Ethan Ng Talks Supply Chain and Exchanges as Future Financial Institutions

Posted 03 Feb-2020 10:45 PM by Dinesh | 14

Singapore, Feb 03, 2020 -- Delivering a keynote entitled “What’s Next” at Blockchain Impact, 2020 Perspectives “Supply Chain” to a full-house turnout, Ethan Ng, Southeast Asian CEO of global cryptocurrency exchange BiKi.com, identified the major trends impacting blockchain in 2020, delving in particular into the role of supply chains. The esteemed panel of speakers included supply chain experts such as the Director of Trade at Infocomm Media Development Authority (IMDA) of Singapore and the CEO of Karuschain, blockchain technology platform for the precious metals mining industry, amongst others. 

The Shift to Mainstream Adoption

The past 6 months have seen how Libra and the SEC have turned the spotlight on the decentralized economy. However even before this, in 2017 when the ICO markets were very hot, the IMF had already suggested working on CBDCs (Central Bank Digital Currencies) to central banks. 

“BiKi is banking on this,” insisted Ng. “This is why we believe mainstream adoption will happen. When one of the major CBDCs is ready, which we anticipate may happen in Q1 or Q2 this year, they will eventually influence the MNCs who are likely to adopt the CBDCs. SMEs under them, through the network effect, will provide many more channels to market, to spread the use of digital currencies to the masses. We’re then going to go through a plateau of competition, figure out what works and what doesn’t and find the model that works.”

Singling out blockchain solutions in supply chain as playing a big role in enterprises, Ng pointed out that, “with increased efficient supply there will be increased demand.”

The Elephant in the Room

BiKi CEO Ethan Ng pointed out that in 2017 and 2018, everyone was caught up in the hype of the possibilities of blockchain technology and what problems it could solve. However, with huge innovations happening in the space, the adoption rate was far below expectations. A very important factor had been ignored - the huge elephant in the room.

Citing how in traditional markets, every single player in the supply chain space needed a financier - a central player, a bank - for the space to function, Ethan Ng proposed that in the newly disrupted supply chain, a new kind of financier category was necessary.

That new role would be filled out by new financial institutions which could offer many of the services from traditional financial institutions but adapted to the new decentralized economy. Identifying decentralized finance (DeFi) as one of  the major significant trends in 2020, Ethan Ng saw exchanges that offered DeFi products as the new disrupting financial institutions of the future.

Growing Market of Blockchain Supply Chain Solutions

Sharing economies initiated by companies such as Uber and Grab disrupted the taxi industry. Because they offered a useful and viable solution, they were able to gain market share and scale. 

Industry-specific solutions using blockchain, for example in pharmaceuticals and food amongst so many other industries, where logistics and supply chains experience massive pain points, has spilled over to enterprises. Ng believed that this growing market of supply chain solutions will enable these newly disrupted industries to similarly be able to gain market share and scale. 
The maturation of the technology in mainstream enterprise usage, against an impending landscape of CBDCs and DeFi products, will work together to boost the role of decentralization in economies, where  digital currencies such as BTC and ETH will rise.

BiKi.com: 2020 Plans in a DeFi Economy

Together with partner Node Capital, BiKi exchange has huge plans to be ready for this scenario. 

Firstly, would be the launch of a lending product on BiKi exchange not using BTC but USDT, which would be more stable for a lot of players. 

Secondly, would be the launch of a public financial chain in Q3 2020 which Ng strongly felt would be one of the core aspects in future financial institutions in the blockchain space. 

As always, the user-focused platform considers serving the needs of its users a priority. BiKi exchange will ensure that it is providing the utmost benefits for its users by providing an increasing lineup of financial services and products for the deFi economy, including new and innovative ways to trade on the platform.

BiKi Exchange is also currently focusing on getting its license as per the Payment Services Act by the Monetary Authority of Singapore (MAS). Singapore is one of the world’s leading financial hubs and becoming a regulated exchange here will gain the cryptocurrency exchange further recognition and instil user confidence as a global brand, cementing BiKi’s position at the forefront of the blockchain and cryptocurrency exchange industry.

About BiKi.com:
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 150,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.

Media Contact:
Marketing Team
Chang Jie Lin, BiKi.com

Cecilia Wong, yourPRstrategist.com

Company Information

Company Name Contact Person Contact Number Email Id Website
yourPRstrategist Dinesh Kumar 91826605 [email protected] https://yourprstrategist.com

Latest News

Edinburgh Letting Agent Celebrates Strongest Year to Date Excluive

Clan Gordon, founded by brothers Andrew and Jonathan Gordon in 2008, has seen its properties under management grow by three per week on average, with ...Read More


Heart diseases are extremely common all over the world; but, the rising of disease statistics is a cause for anxiety. Each and every heart condition i...Read More

JC Howell Teams with WWII Soldier James Dorris to Examine the Purpose of Life Excluive

A Dachau liberator’s tale told by an expert storyteller will reignite readers’ search for personal meaning in today’s world.DALLAS, Tex. — Wor...Read More

Cleaning Supplies For Businesses: What You Need to Know Excluive

Looking for cleaning supplies for your business online, it can be hard to determine what provider to use. There are some characteristics of companies ...Read More

Discovery Map's Sam and Ann Douglass celebrate 25 years of Making Maps, Friends and Memories Excluive

Laconia, NH, Camden, ME, Rockland, ME, Hampton Beach, NH, Kennebunkport, ME, Wells, ME, York, ME, Ogunquit, ME, and Waitsfield, VT, Feb 15, 2020 -- In...Read More

Boost your sales by Choosing the Best ecommerce seller support service Excluive

When all is said in done, online business is characterized as the offer of items and services utilizing system associations gave by the web, including...Read More

Choose Rhino Pressure Cleaning for your High Pressure Cleaning Roof Tiles Excluive

If you are looking for services which would help you in maintaining your home and your commercial space without doing anything, then going for Rhino...Read More

Warm, Wet Winter Means More Bugs. Go-Forth Pest Control Anticipates Heavier Insect Pressure this Spring Excluive

Go-Forth Pest Control anticipates heavier insect pressure this Spring. This winter has been especially warm and wet. This means homeowners should be p...Read More

Altius Technologies Ready to Network at Digital 1to1 Barcelona Excluive

What would be a better opportunity to connect with industry experts than getting a chance to interact with them on a personalized one-on-one level? Th...Read More

Gong Cha Announces A New Store In Brooklyn With 15% Off On All Purchases Excluive

New York, USA - The long wait is finally over. Gong Cha, manufacturer of the best bubble tea in the world, is opening a new franchise in Brooklyn, New...Read More

StoneFly Announced Disruption-Free Live VMware VM Migration DTDs Excluive

StoneFly, Inc. the original innovator of the iSCSI protocol and a recognized leader in the data storage, hyperconverged, and backup and disaster rec...Read More

Agadir, An Integrated Economic Hub and Locomotive for the Entire Region Excluive

In the framework of the Industrial Acceleration Plan launched in 2018, the King of Morocco inaugurated the City of Innovation and launched the Agadir ...Read More

US Capital Global Business Credit Income Fund Launches Capital Raise in Fourth Year of Performance Excluive

Private investment fund providing direct loans to highly promising businesses publishes performance figures over the past three years and initiates ca...Read More

Gong Cha Grand Opening Of Lotte Plaza Market Store Excluive

New York, USA - Gong Cha, the best bubble tea manufacturer in the United States and all over the world has now opened a new franchise in the Lotte pla...Read More

Buy Branded Food From Online Grocery Shopping Site Basketor in Faridabad Excluive

Faridabad,Haryana,India – February 11, 2020 Basketor have collection of three thousand imported products from US, UK, Thailand, Taiwan and West ...Read More

How to Combat Dead Skin Issues During Winter Excluive

Winter is a time when the health of our skin is tested. We often find ourselves itching and battling against dry and dead skin that causes irritation....Read More

Angelo Sferrazza Talks About Why In the Year 2020 is a Good Time to Start a Business Excluive

With the corona-virus affecting a lot of the stocks in the stock market this makes a good opportunity to get good deals on buying businesses.Cincinnat...Read More

Altius Technologies Ready to Attend the Big Show Muscat 2020 Excluive

The Big Show Muscat 2020 is a large platform specially organized for networking of global leaders from the building and real estate industry. This is ...Read More

Cannabis Therapy South Africa Launches in Europe and America Excluive

Cannabis Therapy South Africa an established medical cannabis supplier  recently announced that their products are now available in Europe and Am...Read More

Learn to Be an Advocate and Recreate Your Privacy Excluive

KIRKLAND, Wash. – Spiders may be as common as grass, but according to Sheila Dean, we shouldn’t overlook them. Spiders are courageous, tenacious a...Read More

Boost your e-commerce sales revenue at Exclusively Electricals Trade Show 2020 Excluive

Exclusively Electrical Trade Show 2020 brings key suppliers of Electricals & Electronics together to attract buyers from all sectors of the small ...Read More

Recent Releases