Binance CEO Signals High Hopes for Blockchain 

Asia Blockchain Review
October 20, 2019
Binance CEO Signals High Hopes for Blockchain 

Binance CEO Changpeng Zhao has shared his high expectations for blockchain, saying the technology can turn science fiction dreams into reality, according to a report by BeInCrypto.

In addition to offering new value propositions and creating new business models, Chao said he believes blockchain is a tool with great potential that will power bleeding-edge development. 

Blockchain for Crowdfunding Global Projects

Binance CEO Changpeng Zhao (widely known as CZ) is one of the most powerful and influential figures in the cryptocurrency industry today. 

He recently proposed on Twitter that blockchain could be employed to globally fund a space elevator project to facilitate transportation to and from space. According to him, such a project would need features of distributed ledger technology to track expenses transparently and efficiently. 

The space elevator proposition is based on a study published in September this year, in which two graduate students argued that such an engineering feat could be achieved with present-day technologies. Nevertheless, it remains unclear whether Zhao actually endorses such a project based on the study. 

Other Advocates of Blockchain in Space

The Binance CEO is not the only one that sees blockchain’s potential for such an undertaking. Obayashi Corporation, one of the biggest construction firms in Japan, has estimated that a space elevator project would require a budget of US$90 billion. 

Obayashi further stated that with the right materials and the use of blockchain to help finance the project, a space elevator could be completed as early as 2050.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Defending Truth with Blockchain – Eliminating Fake News
    The business of journalism is under attack and Blockchain can help regain trust between the publishe...

    August 10, 2020

    Mainstreaming Of Cryptocurrency Investments? An Exploration
    While the security and the regulation is well chronicled. The big question that needs to be answered...

    August 10, 2020

    The 5G Pandora Box: An Ultimate Kingmaker
    Unlike WWII which had sheer military might as its focal point, digital technologies such as 5G would...

    August 9, 2020

    Cyber Attacks In India Surge In Post Border Face Off
    The clashes between Indian and Chinese troops at Galwan valley that took the lives of soldiers from ...

    August 8, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us