Binance Meet & Greet by Helen Hai


Video Transcription

Can you tell us more about some of the most inspiring use cases of crypto? For me, the most useful way to use crypto is actually in philanthropy.Um That's why I also, you know, um started with what I started with, with Tru Homa because I think it's just opened so many new doors. Um and it gives, you know, people chance to donate more directly, more transparently. And then on the other side, it gives the aid recipients a completely new level of how they receive help and how they can use their help. So I'm a big believer in crypto. I think, you know, it's not the future. I think it's already here. But I think um still a lot of people perceive crypto as just an investment which is, you know, can be risky. But if you take a different perspective, it's really useful uh especially in the markets where, you know, you have very high inflation and everything. So it is the new way to go. Um And I think, you know, if you look at the um old banking system, uh of what we know, I think banks are organizations that in the future will have to really look closely at crypto slash Blockchain decentralization. Um Because this is already all here.

I cannot agree more. Oh, and I totally agree. And I think it's very important, we should look at what is the ultimate goal of Blockchain. So before we answer that question, we should look at what is, what's the goal for internet and then what actually, so maybe I want to share my opinion on this. I think post second World War uh first, there is the second industrial revolution because post second world war, there's about 200 developing economies globally. Until today, there's only 13 economies actually moved from lower income status to higher income status. Most of those 13 economies each of them are in Europe. Original GDP gap are small, the other five are in Asia. So the reason those countries in Asia, they were able able to move from lower income to higher high income because during the second industrial revolution happened in the eighties, those countries, they were able to create millions of jobs for the people in the bottom of the pyramid.

That is the gems start for their economic transformation. And then what happened is that then is the last 2030 years for the third industrial revolution, which is internet based. I think people, you know, while we're in Europe and also in the states and even in Asia, we're celebrating the technological advancement. But if we look at the world globally 1% of the population started holding 90% of the global wealth. The world didn't become a better place.

That is actually why I think and then you said philanthropy is so important today. And then now why in the year of the fourth industrial revolution, we first need to think what we want as mothers, you know, like female, what kind of world we want to leave behind for our future generation, for our Children. So I think for the third industrial revolution, which is internet based, the ultimate goal for internet it achieved is the free transfer of values. But that means 20 years ago today, I'm in Paris. If I, I want to read something, what happened actually in Latin America, I need to read through a newspaper by a third intermediary and that article might take a few days and the article might not be correct. But then I have to rely on the third party. But today with internet, actually, I'm able to access information instantly globally. This is what internet achieved. But the p for I think with the internet year is I think entrepreneurs was taking the advantage of information seme at the beginning. And then they use that advantage, creating huge profit for certain certain organizations instead of creating the real values to the individuals who actually owns those information. This is why I think the ultimate goal for Blockchain and the fourth industrial revolution, it should achieve the free transfer of values.

That is so important. That is why I think people and I myself, we believe in Blockchain because that's something we want to make a difference. And so important. We're so passionate about philanthropy is we think we need to understand with the is very important with the education, you particularly empower women. You know, we, we should not make the same pitiful letting certain male individual taking the advantage of the information, not age gap, only making profit for the top percentile. We should make it thinking about the whole society we're building. So this is actually I think it's so important before we even talking about any values we are building. You know, if we should thinking about ultimately the legacy we want to leave for our Children. There need to be a free transport values is so powerful. And what user case we mentioned about, I think for Binance and also the partnership with and then when we were doing point to point transparent donation, it's not just donating to people because those people that and beneficiaries, some of them are not existed in the current financial infrastructure because it's too expensive.

But with Blockchain, we were able to empower them with crypto ID, you know, we bring them into the chain because we're building the infrastructure with infrastructure. That's the basic layer for the ultimate goal, free transfer of values. Today, we can transfer, you know, a donation to a poor girl in Ukraine you know, that, that, but she's being empowered with a crypto ID as a refugee. This is so powerful. She doesn't need to rely on a third party. She anybody you and me can transfer values directly to her and one day if she becoming, you know, like successful so she can actually transfer values to some other people. So ever this is, I think is something actually I'm very passionate about, you know, the future we want to leave our Children with. So maybe I start there and, and I'm sure you like you like to compliment,

I totally agree with you, Helen, you said it's so nice, you know, it's really empowering individuals to have their own power, identifying them. Um And when you, in the case of philanthropy, when you help them, they will be able to do the same. Um once they, you know, stood in their ground. Um for me, it's just really, I love the way that decentralization model works because there are so many intermediaries between in, in different industries right now, earning so much money and the the segment between the rich and the poor is just getting bigger and bigger, the middle class is almost gone.

And I think through Blockchain and these new technologies, we are empowering that segment and giving them back their um identity. I don't mean it like an identity per se, you know, like your own identity, but just empowering these people to do a lot of different things that they couldn't so far. Um And I think it's very important that for future generations, like you mentioned, uh the education is going to be really, really crucial because um technologies are developing so fast, I mean, extremely fast. And if you are able to understand them and select which ones are really useful for our everyday life to increase the well being of people, that's very important.

I really like what you said. And uh and I also, I think that's also linked to some of the questions uh here, Gabriella and also Jess actually asked, I want to address them. I think those are brilliant questions. So basically, I want to share even with myself, I have no idea about Blockchain four years ago before I joined in Binance. So there's never too late into this. Like Anna said, I think the technology moving so fast and you can always join, you know, to learn, to learn the latest thing. You can actually very quickly. As long as you put your effort into it, you can become an expert very quickly. So this is something I really want to share in my personal experience, experience, to empower a lot of women who are working on the on this. You know, you can maybe you don't know anything about Blockchain, you don't know coding, I don't even know coding. But I think I have my personal passion into this and I can always find the angle, you know how to make technology work for the passion I want to drive because after all technology is just a tool. It's the most important you need to be empowered with the soul, with the destiny you want to drive.

And this is something I always think women are so powerful because we have more compassion, how we we we want to because also maybe being mothers, you know, sometimes also thinking about, as I kept saying, with the world, we want the legacy we want to do for our future generation.

I think we do have a better understanding, you know how to build things. So this is something I think actually Blockchain in a way is getting rid of a lot of technological bi for you to use it as a tool to build on your passion, on your inspiration. So don't worry, I really want to empower you get into this and the quickest way to get, get to learning. And just you asked actually whether to start it as a developer, not necessarily, I I never, I'm not a developer after four years, I'm still not a developer. I think what is very powerful is to read. I think reading is very important. And then I think what I've also learned is getting into community because Blockchain is really about learning from the community and you will feel so empowered in the community, you will find people actually, they're all similar to you, you know, they don't know too much but they want to learn, you can learn together.

So and then also in the community, this is what I said, you don't need to rely on a government message. And then hearing this is really a decentralizing information, hearing from your peers. But then there's a limit, unlimited voice you can hear and then you can process and that's I think very powerful. What's your thought on that? Please do share your learning journeys into this. And

uh yeah, so, you know, I see Blockchain as Blockchain is constantly developing and adding new things, there's no end to it, right? So it might feel frustrating because it's always something going on. And um so for me, when I started, I just wanted to really understand the basic concept. Um And then II I started to think in my mind, how can this be applied in my case in philanthropy? And of course, I was also reading about, you know, how to apply it in other segments, other industries and then you surround yourself um with, you know, development teams, people who have been in Blockchain for longer understand it deeper. So in my case, I don't think I will ever really understand the true deepness of Blockchain. It's super hard, I think really little people actually currently in the world really understand it like completely because it's so it's really difficult. Um But, but that's OK. I always learned, you know, there's no stupid question. I always ask things if I don't understand. I say, draw me on the white board. Uh I say, give me an example of how it's used in a different case. Uh How can I see it? Um And through that, I made a, a picture in my mind so I um I can understand it and then I just add slowly new things. Uh and it gives me a new window of how to in my mind um implement and develop other things.

Um So I'm not really, how can I say down because I don't understand it completely. I leave the space for others to help me with that. Um So I think it's also, as you mentioned, communities, you know, I mean, many telegram, Blockchain, crypto communities. Uh There's a lot of blogs where you can read things, there's a lot of really cool explanations on youtube. Uh And mostly I try to engage with women because women tend to ask really cool questions that make me think also on certain things that I might otherwise forget. Um on the other side, you know, when, when we, when we use it as a tool for the traction in philanthropy, I talk with many donors, I talk also with end beneficiaries or companies that donate. And I asked them, did you understand how we use the Blockchain? Would you like to have it simply fight? Did you understand every step of the attraction? Like it's really just talking about it, reading about it, connecting with different people. And that's how I build my mind of uh understanding. It's just really digging and right into like, you know, you have to throw yourself to swim and that's hard on the go

well said, and uh I think uh Rebecca replied here, people can also read information from Binance Academy. Um So that's actually it has a, there's about 400 courses I think on Binance Academy, you can learn things about what is Blockchain, what is NFT, what is bit coin et cetera. But to be honest, I think that one is still quite technical what I want to see actually personal, my, also my personal passion, maybe I, I love to work with women in tech. And now and then we can think about even tailor more training materials particular for women, for some particular topics like NFT. I think there's a lot of women are so passionate and then using bringing more user case into that. So that's something I would say on behalf of Binance Charity. We definitely love to working with partners to invest in that particular to empower women on that. But right now there's Finance Academy and what an I said youtube even Ted talks, you know, there's a lot of inspirational talks and I guess, you know, uh our girls, you know, on the uh watching this, you can always uh read on, on, on your behalf.

And then I think also following some of the people in Twitter is also important looking at what they are posting to be updated with the latest information. You know, you can always, if you are passionate about, you know, a charity, you can always follow Binance Charity or Anna or myself, you know, we will also constantly sharing what is our latest rate and also our latest thinkings on the latest news.

Yes, exactly. And, you know, uh maybe this will sound funny but there are a lot of celebrities that are very into Blockchain. Uh for example, uh Mila Kunis and Ashton Kutcher, you know, they're very active um uh Paris Hilton, I mean, you know, she, she's playing this character but she's a very smart lady, she's very into NFTS and Web three. So um I think she is showing a kind of way of how to really use it in uh everyday life, how to apply certain technologies. Uh And she, she just makes the whole process very seamless and she actually explains it through some of her stories or Instagram or her youtube channel. Uh and she makes it very mainstream. Welcome if, if I may say so. So I think a lot of cele celebrities realized um that this is here, this is no longer the future and this is how we're gonna live, you know. Um Yeah,

very well said and uh I want to point out one thing here um for the girls, I, I think actually we need to differentiate values and formal because I think right now I've currently experienced a lot of people felt, hey, you know, maybe my friend bought some NFT and then they actually write 10 X 20 X and then I maybe need to get into it.

Maybe if I'm not buying something, I might, you know, lose, uh lose out. I think actually that's very, I would say that's very dangerous. It's important to build up the knowledge base before you actually doing a lot of investment. Otherwise I think you will get into a formal, that's clearly, I think um that I really discourage into the formal thing because I think first of all, for NFT, what I'm more passionate about NFT as a platform is actually getting because to give you an example why I'm passionate about NFT, I think the infrastructure is definitely going to be sustainable because traditionally, if I want to become an artist, I need to find the art gallery who appreciate me and then maybe I need to have a deal with them, committing my 10 years.

Um Next coming 10 years, 50% of my learning to them, they decided to in my art. And then there's might be a way I can become an artist. But then that's actually, it's very difficult for many people even to find in the art gallery. So the entry barrier for artists is super hard. LFT is very different. NFT. You don't need to, you don't need art gallery on Binance, you can create your own art and then your art can be suddenly exposed to 100 million youth globally. So we did actually have artists from Latin America teenager and then his art, you know, he used to be suffering to feed himself. But then his art was actually each other was selling like more than 2030 K each. And the most, the most impressive thing is after he gained all those money, he didn't buy a car, buy a house. He started a local art school. We need more young people learning how to actually use NFT to make more art. So for me NFT is a technology which is a technological renaissance for art, but that does not mean everything. Every nit has values. People have to differentiate that because if you get into formal just buying something there, maybe in one year's time, five or 10 years time it turned out to be zero value.

You need to be have the knowledge to differentiate different kind of NFT there because this is like an investment. So that's something I really think, you know, like, yeah, Helen said he formal fear of missing out. This is so it is very important, you know, when we think something is so hard, we actually we need to be more patient building up the knowledge base before actually committing, you know, our life savings.

Yeah, and and also in general, um like you said, you need to educate yourself on these things because when things pop up as innovations, there's a lot of fraud. I mean, we saw it with, for example, IC Os, you know, we saw it, even with Blockchain, we saw it with crypto, we saw it with NFTS right now. So it's very important to have a, a base knowledge uh and kind of trust what you know about these things because otherwise you can, you can make big mistakes. Um I think Ic Os is one of a very beautiful examples when all of this started emerging, how many IC Os were fraught 90% even or even more, right? Uh So, yeah, but, but I think nfts in the case of art or I was just thinking right now, another use case um I was connected a lot with fine art things. Um and Blockchain is a perfect solution for fine art because you can write the entire provenance and everything that has to do with, you know, paintings that are, that have very high value and, and also for newcomers, right?

It's a beautiful way to, to do the transparent fraction of the past and, and its future that uh artists did not have an option right now before that

totally. And then also I think uh trying to also work in the industry is always a good thing. I think for me, the best way is actually joining Binance, you know, and even study on charity. But now actually managing many other things, give me a great exposure to the latest technology. So I think for a lot of uh for the people who are working, I think you can always find a way, even part time, you know, like joining Binance being a Binance Andrew in the community. So, you know, a lot of the things in the community and then you can still keep your daytime job. So, and then clearly people asking Helen is asking whether we're hiring junior web developers. Yes. All the time, I think this is a new industry to expose yourself to be inside of the game. It's actually giving you a lot of a bigger picture how the industry is going.

Yeah, I agree with you. Oh, and I think it's really important that even maybe if you don't have so much interest in, you know, the technologies we are talking about. I think it's kind of a must that you start slowly educating yourself because a lot of things are going to be shift in these directions in, in the near future.

Totally. And then another thing I want to share why? Um uh I have a four year old son. So I'm also thinking, what's the world going to be look like for him in 20 years ago? You know. Well, I think he will be surrounded by a lot of screens. I'm sure compared with our generation, with the screen. He can he should be able to drive a car, he would be able to transfer money, you know values, why cannot receive inspiration, you know, through screen. So this this is a new medium, you know, technology has created for people to pass in the inspiration. So this is something people also maybe the new generation need to learn as a complimentary compared with the traditional canvas, how to pass express their inspirations, you know, into this new media. So that's also something I think that's why I'm also later looking at generated art, you know, as a new thing to learn, but there's going to be many new things, you know, um you know, coming 10 years still technology looking for application.

Yeah, I have a three year old son. I, I think many times, you know, oh my God, the way we did schooling and how we um learned about certain things. He's gonna have it completely different. Uh There are no boundaries, you know, there are no limitations anymore. So on one hand, that is, I welcome that a lot. But on the other side, I think we as moms have to be also careful about um certain things that might pop up in the future because they have access to, you know, all kinds of things right away. Um So I, I think just giving them boundaries on how to use certain technology is going to be really very important. Uh because there's a lot of like I mentioned before, fraud, you know, so kids have to be aware of certain things as well. Wonderful.

Yeah. So maybe we are about to close this anything you want to share with the audience. And uh

uh I'm just really happy that I get to be a part of this, you know, women in tech Global Conference. Um I think it's very much needed. Uh Anywhere I actually go, I still think that women need that additional push. Uh So they don't feel excluded, especially in the tech world. I think we're very, very much needed. Uh Because we do bring uh a great added value with our sensitivity, you know, uh our different approach of looking at things. Uh So I wish that, you know, we, as women, as I mentioned today in our session, collaborate, support each other, you know, act out of heart. And um I think in the times that are coming, I would like to say it's very important that we all have to be aware that any of us can be in a very difficult situation right away. And therefore, it is so much more important that we always help each other listen to each other, hear each other. Uh Because if we collaborate in that way, I think we are unstoppable and I really think the world needs such a positive mindset right now really. And, and one more thing if I may add because, you know, um we're talking mostly about using the technologies in philanthropy. Um I always also say it's very important to think about the root cause of why there is poverty, why there is hunger in the world.

And I think with these new technologies, um we can really affect the root cause because you know, I don't know if you have this saying but giving is not always the solution. Sometimes it is helping them to learn so that they can transform their life and get out of poverty and be lifted up so that they can have a normal life. I think there is enough of everything in this world that you know, everybody can live a life with dignity. This is what inspires me every day to wake up and you know, do the best that I can. And this is also something that I'm doing for my kids and for all the kids uh to have a better future. And I think it's our responsibility to use the tech for the good and to change some of the the things that are really draining us down right now.

And now really amazing what you just said. I think it's extremely well. Um I just want to say to our audience, I think what Anna just demonstrated to us. Actually, women can be powerful and can be inspirational, which remind me something Coco Chanel said, being a woman, you know, two things are so important, know you who you are and what you want. And I think actually today's session, I really also want to thank for women intact.

It's really showing all the women we know who we are and also we know what we want. We can make the world a better place. And I look forward working with all of you together to move from that vision to action dreams to reality. Thank you

all. Thank you so much, everybody and thank you. Bye bye bye bye.