On the evening of October 9th, 2020, Business Angel Mr. Wang Binsheng was invited as the guest speaker of the “Cutting-edge Digital Economy and Management” lecture series.Mr. Wang Binsheng expressed his views and insights on “The logic and current situation of block chain market”. Professor Li Jing, Associate Director of BNUBS, presided over the lecture. More than 100 teachers and students listened to the lecture on-site and online, and their questions were enthusiastically responded.

Keynote speaker: Wang Binsheng

Wang Binsheng, Distinguished Tutor of Finance of Chinese Academy of Social Sciences. He set foot in the block chain market in 2013 and is an early participant and researcher of the block chain market. He holds many unique and profound insights about block chain and its future development.

——Speaker’s Opinion——

In the opening, Wang Binsheng shared his own experience regarding his first touch with block chain and Bitcoin in 2013. After a colorful and interesting story, Mr. Wang put forward his own point of view. First of all, he believed that the cost of information transmission has become close to zero, which was the premise of the block chain movement. The popularity of block chain technology has transformed the Traditional Information Internet into the Internet of Value, and the traditional economic state was mapped to the virtual world, which would further promote the integration of the real and virtual world.

He believed in macroscopic view, the economic essence of the popularity of block chain was an asset transfer movement, and traditional financial assets would be gradually transferred to the chain. While on the micro level, the value-oriented individual behavior and the deprivation of individual value by traditional centralized institutions, including the current Internet giants, will be gradually broken. With the combination of Artificial Intelligence and Internet of Things, the era of resource-to-resource collaboration has come. Token would be a value exchange tool in the era of Artificial Intelligence and Internet of Things, and the dollar would gradually withdraw from the circulation field in the future. Advances in Artificial Intelligence and the Internet of Things would accelerate the convergence of physical and virtual worlds. Modern industrialization was characterized by the separation of production, management and consumption as well as the refinement of industrial division of labor. The era of block chain Artificial Intelligence would be a new fusion of the three, and there would be no pure finance in the future.

He analyzed the issue of Libra by Facebook and believed that has historic significance because essentially it was a challenge to the Federal Reserve's power to issue currencies and the hegemony of the dollar in the world. But the issue of Libra still has a long way to go because there were inherent conflicts between the logic of the block chain market and the existing corporate system.

Finally, he emphasized that the time value of block chain market was the fundamental investment strategy, and introduced his understanding of time value in detail.

Students who listened carefully

——Cutting-edge Digital Economy and management Lecture Series——

BNUBS, in adhering to the mission of “Benefiting the world and promoting business and literature”, vigorously launched the “Cutting-edge Digital Economy and Management Lecture Series” from September 2020. By gathering outstanding teachers, researchers, entrepreneurs and government officials, the development prospect of the current digital economy and enterprise management was presented from the perspectives of economy, management, culture, technology and change, so as to try to interpret the meaning and law of this surging tide and lead the deeper thinking and practice of China's economic development and enterprise reform and innovation in the new economic era.

Welcome to “Cutting-edge Digital Economy and Management” lecture series!

Provided by MBA Center