The Times Australia
Google AI
News From Asia

.

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

Shark launches SteamSpot - the shortcut for everyday floor mess

Shark introduces the Shark SteamSpot Steam Mop, a lightweight steam mop designed to make everyda...

Game Together, Stay Together: Logitech G Reveals Gaming Couples Enjoy Higher Relationship Satisfaction

With Valentine’s Day right around the corner, many lovebirds across Australia are planning for the m...

AI threatens to eat business software – and it could change the way we work

In recent weeks, a range of large “software-as-a-service” companies, including Salesforce[1], Se...

Worried AI means you won’t get a job when you graduate? Here’s what the research says

The head of the International Monetary Fund, Kristalina Georgieva, has warned[1] young people ...

How Managed IT Support Improves Security, Uptime, And Productivity

Managed IT support is a comprehensive, subscription model approach to running and protecting your ...

AI is failing ‘Humanity’s Last Exam’. So what does that mean for machine intelligence?

How do you translate ancient Palmyrene script from a Roman tombstone? How many paired tendons ...

The Times Features

Small, realistic increases in physical activity shown to significantly reduce risk of early death

Just Five Minutes More a Day Could Prevent Thousands of Deaths, Landmark Study Finds Small, rea...

WITH ONE GLOBAL RESORTS FEATURING ON SCREEN THIS SEASON

As Married At First Sight returns to Australian screens in 2026, viewers are once again getting a ...

Marketers: Forget the Black Box. If You Aren't Moving the Needle, What Are You Doing?

Two years ago, I entered the digital marketing space with the mindset of an engineering student ...

Extreme weather growing threat to Australian businesses in storm and fire season

  Australian small businesses are being hit harder than ever by costly disruptions...

Join Macca’s in supporting Clean Up Australia Day

McDonald’s Australia is once again rolling up its sleeves for Clean Up Australia Day, marking 36...

IFTAR Turns Up The Heat With The Return of Ramadan Nights From 18 February

Iftar returns to IFTAR, with the Western Sydney favourite opening after dark for Ramadan  IFTA...

What causes depression? What we know, don’t know and suspect

Depression is a complex and deeply personal experience. While almost everyone has periods of s...

5 Cool Ways to Transform Your Interior in 2026

We are at the end of the great Australian summer, and this is the perfect time to start thinking a...

What First-Time Buyers Must Know About Mortgages and Home Ownership

The reality is, owning a home isn’t for everyone. It’s a personal lifestyle decision rather than a...