Google AI
The Times Australia

Times Media

TRON Founder Justin Sun Attends Milken Institute Asia Summit, Presenting TRON’s Vision on Inclusive Finance

GENEVA, SWITZERLAND - Media OutReach - 29 September 2022 - On September 29, TRON founder Justin Sun attended the 2022 Milken Institute Asia Summit, where he had an in-depth conversation with Curtis S.

Chin, Chair of the Asia Center, about issues including crypto technologies and the digital economy. This dialogue was also live-streamed globally on the official platform.

Justin-Sun.jpeg

During the conversation, Sun suggested that there is huge space for the growth of cryptocurrencies. Over 100 million wallets have been created on the TRON blockchain over the past 5 years, but with its ambition to cover 7 billion users worldwide, TRON needs to expand further financial inclusion so that every user feels secure on the chain. He believes that blockchain inherently has financial attributes and, if used properly, will be more efficient and secure than traditional financial tools. With the help of blockchain, the public may easily access financial services and enjoy quick transfers at low cost, while regulators can trace every transaction.

Meanwhile, Sun also suggested that there are currently far more technologies focusing on the virtual world rather than the real one. But the construction of virtual and real worlds are equally important. He promised to put more effort into space exploration in the future, using the profits made from the virtual world to help discover the real one.

Hosted by the Milken Institute, a U.S.-based non-profit, non-partisan think tank, the Milken Institute Asia Summit is now in its ninth year. Themed "The World Transformed", the Summit aimed to thrust reforms and build a safer, more inclusive, and sustainable future. Institutions, including SoftBank, Bank of America, Ernst & Young, and TRON, were invited to the Summit. Apart from Justin Sun and other leading figures in the crypto industry, Nicholas Burns, US Ambassador to China, Abdulla Al-Kuwari, Head of Qatar Investment Authority Advisory (Asia Pacific), and Andrew Cross, CFO at Asian Infrastructure Investment Bank, presented at the Summit, too.

Justin Sun also participated in the 2021 Summit, where he joined a panel discussion themed on "Crypto's Continuing Chronicles" with industry veterans, including Sopnendu Mohanty, Chief Fintech Officer at Monetary Authority of Singapore, and Gerald Goh, co-founder and CEO at Sygnum. Sun commented in the forum, "Blockchain is able to knock down the barriers between countries and is friendlier and more efficient than SWIFT."

Justin Sun, a torchbearer in the digital economy sphere, founded TRON in 2017. Boasting over 113 million users, TRON is now among the world's top three public chains and leading the way on tracks including NFT, DeFi, and distributed storage protocols. The network is showing remarkable resilience in the current market downturn. DefiLlama, the world's largest TVL aggregator for DeFi, reported that as of mid-September, with a TVL hitting $5.4 billion, TRON ranked the second in public chains by TVL. Moreover, TRON has been recognized as "one of the most environmentally friendly blockchains" by Crypto Carbon Ratings Institute (CCRI), showcasing how its high energy efficiency and low energy consumption are keeping it in the leading position in the industry.

In late 2021, Sun was appointed as Ambassador and Permanent Representative of Grenada to the WTO. He said that during his tenure, he would proactively promote the integration of cryptocurrencies and sovereign states to build a new financial system that is secure, efficient, and inclusive. Moreover, he would also leverage his experience in the field of digital industry for a joint response to the new challenges regarding digital transformation in the post-pandemic era.

Hashtag: #TRONDAO

Times Magazine

Toyota LandCruiser Hybrid: A New Chapter for an Australian Icon

For decades, Australians wanting the ultimate long-distance touring wagon, serious towing vehicle ...

The Hidden Power Bill Behind Your Office's AI Habit

Every time someone asks ChatGPT to tidy up an email or Gemini to summarise a report, a small amoun...

Artificial Intelligence Market: How AI Is Reshaping Australia’s Business and Public Sectors

From unique trials, AI has grown into an influential actor in Australia’s economy and everyday lif...

Technology

The Hidden Power Bill Behind Your O…

Every time someone asks ChatGPT to tidy up an email or Gemini to summarise a report, a small amoun...

Local News

Psychology clinic in Tasmania opens…

In response to Tasmania’s growing mental health crisis, a new purpose-built, multi-disciplinary me...

Culture

The Hidden Power Bill Behind Your Office'…

Every time someone asks ChatGPT to tidy up an email or Gemini to summarise a report, a small amoun...

Travel

Korea Tourism Organization Invites Australian…

The Korea Tourism Organization (KTO) has launched Korea Unlocks More of You, a new national campai...

The Times Features

Mr Roses expands beyond flowers with launch of national…

Australian premium gifting business Mr Roses has expanded beyond flowers with the launch of Mr Ros...

Psychology clinic in Tasmania opens to address growing …

In response to Tasmania’s growing mental health crisis, a new purpose-built, multi-disciplinary me...

Sweet Temptation: Should Australia Take a Harder Look a…

Walk through almost any Australian supermarket and one of the brightest, most colourful sections i...