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Video: We asked the ‘heads-down crowd’ what was on their phones

Reading Time: 2 minutes These mobile users were busy online-shopping, booking hotels and reading about celebrities. Original Link

Video: How in-ear translator WT2 crosses borders

Typical customers include business users and couples who want to better communicate with international in-laws. Original Link

Nanshan District spurs entrepreneurs on path to success

From ‘the home of fakes’ to China’s ‘innovation capital.’ Tech official shares his take on Shenzhen’s Nanshan District. Original Link

Chengdu’s TerraQuanta wants to bring data down to earth

AI meets mapping to predict crop yields, assess flood damage, and point skiers to the piste. Original Link

A walk down TechCrunch Shenzhen’s Startup Alley

Take a walk with us down Startup Alley, a high-tech gathering of dog bones, skin scanners and skateboards. Original Link

See you next year Shenzhen!

Every time we come to this southern city, we’re amazed by the people, projects, and companies thriving here. Original Link

Blockchain security: Economic vs technical attacks

Blockchain might be a much better solution for storing and exchanging information, but it’s not perfect. Original Link

No crypto bros allowed at TechCrunch Shenzhen’s Blockchain Side Stage

Instead of coins, tokens, and other crypto talk, we’re focusing on actual use cases, especially in China. Original Link

TechCrunch returns to Shenzhen for our latest China event from November 19-20

A version of this article first appeared on TechCrunch. We’re excited to announce our return to Shenzhen, which will host […] Original Link

TechCrunch Shenzhen sets up “business blind dates” for startups and VCs

On November 19-20, hundreds of entrepreneurs and investors will participate in VC Meetup. Original Link

TechCrunch Shenzhen: Tackling pain points in blockchain technology

The amount of financing on Chinese blockchain-related projects in January 2018 alone reached $100 million. Private industries, the central government, […] Original Link

That’s a wrap! Highlights from TechCrunch Hangzhou 2018

That’s a wrap! Highlights from TechCrunch Hangzhou 2018 · TechNode

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iQiyi: What to expect from the integration of AI and entertainment

iQiyi: What to expect from the integration of AI and entertainment · TechNode

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Longquan Temple is using artificial intelligence to organize and spread Buddhist scriptures

Longquan Temple is using artificial intelligence to organize and spread Buddhist scriptures · TechNode

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Ant Financial is tapping into blockchain technology

Ant Financial is tapping into blockchain technology · TechNode

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Ant Financial is more than just a financial tool

Ant Financial is more than just a financial tool · TechNode

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What’s new in new retail: Wang Xiruo, CTO of Hema Xiansheng

What’s new in new retail: Wang Xiruo, CTO of Hema Xiansheng · TechNode

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The future of global payments

In the age of the internet, we can send data and information to anybody around the world almost instantly at little cost. But when it comes to payments, the process is usually expensive and time-consuming because the architecture today is an antiquated infrastructure built decades ago.

Ripple, a US-based payment network and currency exchange, wants to solve this problem by utilizing the power of blockchain. On TechCrunch Hangzhou Blockchain Side Stage, Emi Yoshikawa, Director of Joint Venture Partnerships at Ripple, spoke about how Ripple is using blockchain technology to improve the fragmented infrastructure of payments today.

The idea behind Ripple’s Interledger Protocol is that anyone should be able to send money to anywhere in the world instantly at little or no cost and without the need for payer and payee to set up accounts on the same global payment service. The Interledger project aims to ease the friction of global payments by connecting banks and financial services into a single network. For banks and payment providers, Ripple is utilizing XRP, a highly-scalable digital asset that is used on the Ripple network, to reduce costs and improve efficiency for high-volume transfers.

A threat to banks and financial services?

When asked about whether Ripple is seen as a threat to existing banks and financial services, Yoshikawa said their technology is not just about reducing cost, but also about creating new opportunities that was not possible before—creating new types of business, providing greater access to financial services, etc.

“People tend to think that blockchain is a threat to existing financial services, but it’s not always the case,” Yoshikawa said. On the contrary: “We are providing solutions to help banks become better, so they can provide better services to their customers.”

In fact, Ripple is partnering with banks and financial services all around the world. While some do see blockchain technology chipping away traditional banking services’ source of revenue, however, Yoshikawa said, some innovative banks look at this as a way to create a new opportunities. Santander Bank, for example, has chosen to work with Ripple because “they were facing a lot of competition from fintech companies, like TransferWise and Paypal, and their market share in cross-border payment was quickly diminishing.” Realizing that sticking with the existing old technology is no longer an affordable option, Santander is focused on creating new opportunities.

Yoshikawa explains that ease of integration is part of why their services have been gaining traction in the financial industry. The integration process is easier than one would imagine because Ripple is not creating a new infrastructure, rather they are leveraging the existing infrastructure to enable ledgers and banks to talk to each other. For smaller banks, the integration process takes roughly three months. Also, Ripple is not only a technology provider, but they are establishing common rules for banks to use the technology.

Asia—the world’s center for remittance payments

“Low-value high volume use cases including remittances is an area that we’re focused on,” Yoshikawa said. Remittance is an area where there is still a lot of friction.

Yoshikawa believes that Asia is a critical market for Ripple. “Asia is the world’s center for remittance payments,” Yoshikawa said, “there is a lot of money going into Asia and flowing out of Asia as well.” In China’s case, their service can make far-reaching changes to the lives of migrant workers who rely on cross-border transfer services to send money back home. Other areas such as travel-based payments and e-commerce are also on the rise.

“Today’s cross-border industry is dominated by big western banks,” Yoshikawa said, smaller regional banks in Asia are increasingly seeing Ripple’s solution as a way to differentiate themselves and increase their competitiveness.

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Unsupervised Machine Learning and smart data compression help AI deal with big data

Unsupervised Machine Learning and smart data compression help AI deal with big data · TechNode

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Tantan’s matching strategy: you can be matched, but possibly not with your soul mate

Tantan’s matching strategy: you can be matched, but possibly not with your soul mate · TechNode

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How to spot a dark horse amidst the blockchain craze

How to spot a dark horse amidst the blockchain craze · TechNode

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“Many Chinese VCs will die”: Incubation and acceleration at TechCrunch Hanzhou

“Many Chinese VCs will die”: Incubation and acceleration at TechCrunch Hanzhou · TechNode

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Premium content is the future of podcasts: founder of Castbox

Premium content is the future of podcasts: founder of Castbox · TechNode

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Why is blockchain a social innovation that companies can’t ignore? Xunlei explains at TechCrunch Hangzhou

Why is blockchain a social innovation that companies can’t ignore? Xunlei explains at TechCrunch Hangzhou · TechNode

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Smart travel in China and beyond: Ctrip VP

Smart travel in China and beyond: Ctrip VP · TechNode

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Edith Yeung’s top 10 blockchain trends in China at TechCrunch Hangzhou

Edith Yeung’s top 10 blockchain trends in China at TechCrunch Hangzhou · TechNode

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TechCrunch Hangzhou talks about China’s path to AI for healthcare

TechCrunch Hangzhou talks about China’s path to AI for healthcare · TechNode

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China’s tech innovation in a global perspective

China’s tech innovation in a global perspective · TechNode

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China looks to develop AI OS with the help of a community of developers

China looks to develop AI OS with the help of a community of developers · TechNode

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SenseTime is more just than a face recognition company, says co-founder

SenseTime is more just than a face recognition company, says co-founder · TechNode

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Founder of Alibaba Cloud says smart cities can’t solve problems caused by China’s rapid urbanization

Founder of Alibaba Cloud says smart cities can’t solve problems caused by China’s rapid urbanization · TechNode

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TechChrunch Hangzhou After Party

Vague, unimaginable, and thrilling. This is our future. With all the uncertainty and unpredictability that the world has to offer, TechCrunch has set out to define what it means to be human, through exploration of the relationship between man and machine.

It’s quite natural for people to talk about the beginning of a period in history with words like “emergence “ and “subversive.” Often times, however, it’s difficult to pinpoint at what particular time has one such phenomenon occurred. Is time and space—the past, present, and future—really linear? What does it mean to define the future?

Human beings have, for a long time, searched for ways to make sense of the world. TechCrunch aims to help people better understand the role that technology has played in shaping our past and our present, so that maybe we can predict how it will shape our future.

The internet, once doubted by even the industry’s smartest leaders, has become essential to our lives. Now, people are talking about how blockchain technology can transform the internet and improve—or destroy—our lives.

Improving healthcare is a timeless effort. Currently, people are looking for ways to apply blockchain technology to optimize health and medicine. LifeCODE.ai, built by TechCrunch Hangzhou after party sponsor WuXi NextCODE, is a blockchain-based data platform that integrates data search, intelligent transaction, distributed accounting, and cloud computing. It aggregates and mines scattered health data, maximizing efficiency in medical record keeping. LifeCODE.ai uses globally recognized data encryption technology combined with blockchain technology to solve privacy and security issues in data storage.

In the first half of the after party, John Gu, Chief Digital Officer of WuXi NextCODE, will introduce the company’s background, its vision for the future, and the overall structure of its blockchain medical database. Duan Tao, former warden of Shanghai First Maternity and Infant Hospital and Founder of Chuntian Medical, and Chen Gang, Microgene Co-founder and CTO, will then discuss how blockchain data banking can be applied and developed in clinical medicine and genetic health.

The rest of the night will be open for mingling!

Don’t wait for the world to change. Come change the world with us.

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iFlytek Healthcare, YITU Medicare, WuXi NextCODE, and Zaixin Biotech: How they’re creating the future of medicine at TechCrunch Hangzhou

iFlytek Healthcare, YITU Medicare, WuXi NextCODE, and Zaixin Biotech: How they’re creating the future of medicine at TechCrunch Hangzhou · TechNode

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The full guide to TechCrunch International Innovation Summit 2018

The full guide to TechCrunch International Innovation Summit 2018 · TechNode

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TechCrunch Hangzhou: Discovering Hangzhou’s next unicorn

TechCrunch Hangzhou: Discovering Hangzhou’s next unicorn · TechNode

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Building an empire: Alibaba team to talk strategy at TechCrunch Hangzhou

Building an empire: Alibaba team to talk strategy at TechCrunch Hangzhou · TechNode

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Next gen robotics, artificial intelligence, and education informatization: The future is at TechCrunch Hangzhou

Next gen robotics, artificial intelligence, and education informatization: The future is at TechCrunch Hangzhou · TechNode

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Ctrip, Hellobike, and Singulato: Pioneers in smart transportation at TechCrunch Hanghou

Ctrip, Hellobike, and Singulato: Pioneers in smart transportation at TechCrunch Hanghou · TechNode

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