Organizer, Sponsors & Supporting Partners

PROSPECTIVE FOR THE SPONSORS

The Innovation and Breakthrough Forum has deservedly earned the reputation to be the most recognized events for the innovation and business community of Hong Kong and its surrounding areas.

We have held two hugely successful forums in 2017.

In March 2017, we and the Shanghai Association for Science and Technology held the Innovation and Breakthrough Forum (Shanghai) which attracted a full house of attendance at the Shanghai Association for Science and Technology and a registered online live audience of over 75,000 viewers across China.

Hon. Al Gore

In November 2017, The Innovation and Breakthrough Forum 2017 (IBF 2017) was held at the Marriott Hotel in Hong Kong to another full house of attendees. Our theme, Blockchain: Promises, Realities and Beyond, attracted participants from various industries including finance, business, regulations, and sustainability.

Our Chief Guest of Honor was the former US Vice president and Nobel Peace Laureate(2007) Hon. Al Gore.



This year, the Innovation and Breakthrough Forum 2018(IBF 2018) catches the wave of Blockchain(also known as Distributed Ledger Technology) to address deeper issues of this promising innovation. Our themefor IBF 2018 is Blockchain: promises, realities and beyond, to be held on November 9th, at Asia Society in Admiralty, Hong Kong. IBF 2018 is jointly organized by the Co-operatives of Innovative Intellectuals and Agile Blockchain Consortium.


IBF 2018 INTRODUCTION

There is much hype about Blockchain technology, not the least of it is the promise to be the magical solution to secure our everyday transactional data. Last year, at our Innovation and Breakthrough Forum, our Principal Guest of Honor, Dr. Radia Perlman, Senior Fellow of Co-operatives of Innovative Intellectuals and Chair of the Executive Committee of the Agile Blockchain Consortium, has dispelled much of these misguided hopes.

The fact is, Blockchain, in its current state, faces many challenges:

Interoperability

By early 2018, there are more than 100 blockchain platform providers.

Enterprise solution providers competing in the ecosystem today range from community-driven projects (such as Bitcoin and Ethereum) to vertically focused consortiums (such as Hyperledger Fabric and R3 Corda) to venture-capital-funded startups. Their business models vary hugely: from open-source tools to open core to proprietary products. There is no uniformity or interoperability between platforms, making data migration between platforms extremely challenging and expensive.

This situation reminds us of the 1980s, among the many operating systems from different computer manufacturers (IBM, Digital Equipment Corporation, Data General, Wang Laboratories, etc.), and the different versions of UNIX. Eventually, UNIX (more precisely Linux) emerged as the winner, despite comparatively inferior feature set and instability in its early days.

In the heyday of computer standard wars, many industrial partnerships and joint-development efforts have tried, and yet failed: e.g. the ACE Computing Environment (Acer, MIPS, Microsoft, Compaq, Digital Equipment, NEC, Toshiba, Santa Cruz Operation, Siemens, Silicon Graphics & etc.) was formed to replace the Intel and Sun Microsystems. The AIM alliance (Apple, IBM, Motorola) effort to replace the Intel processor and the OSI (Open System Interconnection) model, by the International Organization for Standardization and the French CCITT Comité Consultatif International Téléphonique et Télégraphique, to combat the much simpler TCP/IP model.

We expect to see similar consolidation and joint efforts to end with similar fate in the blockchain space.


Scalability (of Consensus Management)

Consensus Management is one of the key differentiators in both public and private Blockchain fabric. Yet currently available consensus management schemes are not scalable enough for high volume public use. Innovation in this aspect is sorely needed to make wide-spread use of public Blockchain transaction a reality.


Performance

Another key adoption hurdle for blockchain is its transaction performance. Transaction medium has to sustain a very high transaction rate (e.g. Hong Kong Exchange & Clearing Ltd.’s initial requirement for their new securities trading system is 60,000 transactions per second,
see https://www.hkex.com.hk/News/News-Release/2018/180123news?sc_lang=en).

Current major players in the blockchain space fall well short of such target. (An independent research carried out by the National University of Singapore compared the performance of Ethereum, Parity, and Hyperledger. The result was discouraging:

http://www.comp.nus.edu.sg/~dbsystem/blockbench/

This study highlights the performance challenges blockchain faces.


Immutability & Security

Blockchains, as append-only open ledgers, are designed to be immutable. Once a block is written to the chain, it cannot be changed. The data (or block) can be trusted because the protocol requires consensus among a large number of participating nodes. Such decentralization of decision enhances the security of the data – until mal-intended individuals or groups take over the majority of the nodes (51% attack). In such case, they can alter blocks to manipulate transactions to their advantages. Such attacks have happened in the past:



“Pigs can’t fly. This is an absolute truth that we all know and agree on. But, given a phenomenally strong wind, pigs can fly. Nothing digital — including blockchain — is entirely immutable. But blockchain is a massive, distributed digital ledger which is as good as it gets for electronic storage.”

-- Loudon Owen, Chairman and CEO, DLT Lab

Encryption Strength

Another threat to blockchain security is the encryption algorithm deployed. So far, such algorithm is still safe and will require tremendous computing power to break. But with Quantum Computing on the horizon, and when mature, it may render existing encryption algorithm useless. Therefore, it may be wise for us to be prepared by understanding the potential impact of quantum computing on our networks' security.

IBF 2018 Committed Speakers

Chief Guest of Honor:


Principal Guests of Honor:

(In alphabetical order of the last name)


Technology Speakers:

(In alphabetical order of the last name)


Banking & Finance Industry speakers:

(In alphabetical order of the last name)


Supply Chain Industry speakers:

(In alphabetical order of the last name)

SPONSORSHIP PACKAGE & ENTITLEMENT

IBF is very proud to be building Hong Kong’s innovation community to create positive impact. Our regular supporters include prominent members from the scientific and business community who, over the years, have helped IBF grow. Now we would like to invite your support. Sponsors may support IBF 2018 at different levels:

TYPEBENEFITS
Gold SponsorHK$100,000+ - 5 free conference registrations with VIP seats
Silver SponsorHK $50,000+ - 3 free conference registrations
Bronze Sponsor HK$25,000+ - 2 free conference registrations
Dinner Table SponsorHK$37,500/ HK$45,000 - HK $30,000+ for one dinner table of 10 people, including pre-dinner cocktail
- 5 conference tickets at HK $1,500 each if purchased before Sept 30
(HK $3,000 each after Sept 30)

Sponsors will receive advertising benefits. Your name/logo will be featured in IBF 2018’s official website, printed programme, event backdrop, and digital media. Be a part of an exclusive community of changemakers to support IBF.

Kindly note that the sponsorship fee are non-refundable.


PAYMENT METHOD:


By Bank Transfer
Bank Name:
China CITIC Bank International

Address:
The Chinese Bank Building, 61-65 Des Voeux Road Central, Hong Kong

Account Name:
Co-operatives of Innovative Intellectuals Limited

Account Number:
744-1-83915700

SWIFT Code:
KWHKHKHH
*please send bank-in / transfer proof with name of the registered guest(s) to payment@cii-ibf.com


By Cheque

Please post a cheque payable to “Co-operatives of Innovative Intellectuals Limited” to the address "Co-operatives of Innovative Intellectuals Limited, Unit 2302, 23/F, New World Tower 1, 18 Queen’s Road Central, Hong Kong" together with the name of the registered guest(s) written on the back.

Co-Organizer:


Agile Blockchain Consortium
Co-operatives of Innovative Intellectuals