#ParcelX
A Dialogue with Investors: ParcelX’s in-depth participation at the 2018 DAIBC Summit
With a theme on “How to Choose an Investment Project”, 2018 DAIBC: INVESTMENTS & PROJECT SHOWCASES was held at Kuala Lumpur, Malaysia from September 27 to 28. More than 100 investors from venture capital and angel funds, 15 blockchain project parties, heads of 10 exchanges met face-to-face for direct dialogue. At the same time, a number of blockchain projects put up multi-faceted showcases with ParcelX, undoubtedly, being one of the most prominent new stars among the participating companies.
As the guest-speaker of the summit, President and Co-founder of ParcelX, Yang Mingyi, met investors who participated in the conference and explained in detail how ParcelX combines the concept of shared economy and blockchain to develop the world’s first parcel network offering users a brand-new cross-border parcel delivery experience. In his speech, Yang also pointed out the pain points of the current cross-border parcel industry, such as the length of the service node, the timeliness and cost performance not being able to meet the needs of the cross-border e-commerce industry. At the same time to address these issues, Yang presented ParcelX’s solution to create a cross-border parcel ecosystem based on blockchain technology using token GPX.
During the summit roundtable session, Yang also engaged in discussion with a number of exchanges on topics such as digital currency exchange, policy, investor protection and data security. He also elaborated on how ParcelX places great emphasis on data security and investor privacy, and briefly described its range of solutions.
At the summit, Yang also accepted an exclusive interview with well-known media, BLOCKASIA. He explained in detail to the media about ParcelX project’s innovative concept and developmental progress, as well as expressed his views on how blockchain technology drives the development of the traditional logistics industry. BLOCKASIA is a one-stop news, media and events portal for blockchain and cryptocurrency information in Asia and the world, and one of the first companies in Southeast Asia to broadcast news purely in the Asian blockchain and cryptocurrency industries.
In 2018, the blockchain industry is still thriving! Almost every day, new blockchain projects publish their corresponding applications. However, the modes and channels for attracting funds have changed. According to a report released by Crunchbase News on February 27, blockchain companies this year so far have already attracted more than 40% of last year’s total venture capital funding and the amount does not include the funds raised by their ICOs. This means that more and more institutional investors, venture and angel funds have become major investors in these projects. The decline in Bitcoin’s value did not prevent venture capital funding from growing steadily, and the market is still very hot.
So the question now is how to find the right project? This is what many investors have been wondering. The summit provides them with a good platform where outstanding blockchain projects are being fully showcased, leading to investment that will result in good implementation and development.
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