October 9, 2024
By Joe Pan

In a lively panel discussion at the Post Quantum Blockchain Day, a group of crypto experts and tech leaders attempted to forecast the next 24 months in the rapidly evolving world of Web3. Despite the daunting task of predicting what amounts to 14 “doggie years” in the fast-paced crypto space, the panelists bravely shared their insights on technology innovation trends, investment narratives, and the regulatory landscape in Hong Kong.
The panel, featuring Neil Tan, Founder of the Artificial Intelligence Association of Hong Kong, Jason Lau, Chairman of the Hong Kong Digital Asset Society, Eric Fung, APAC Growth Lead at Qubic, and Dwight van Diem, Managing Partner at BCW Group, covered a wide range of topics, from the convergence of AI and blockchain to the potential resurgence of NFTs. The experts emphasized the importance of interoperability, privacy solutions, and improved user experiences to drive mass adoption of Web3 technologies. They also discussed the challenges faced by startups in the space and the need for a supportive regulatory environment to foster innovation.
One of the most engaging and candid discussions emerged when the panelists shared their views on Hong Kong’s current regulatory environment for digital assets.
The speakers provided organic and honest insights, highlighting both progress and challenges. Jason Lau noted, “Hong Kong has taken good steps for the past few years to take advantage of the void during the COVID times. At least trying to make something happen, try to make a stamp that Hong Kong can be a Web3 hub, if not globally, at least in Asia.”
However, Dwight van Diem pointed out some regulatory hurdles for businesses, stating, “We’re kind of stuck in a rock and a hard place… I’m not allowed to take that crypto because there’s no defined regulation that allows me to.” Neil Tan, drawing from his experience on the Web3 task force, emphasized the need for balance: “Innovation has to go hand in hand in terms of regulations and compliance.”
- Interoperability and privacy solutions, particularly zero knowledge proofs, are crucial for Web3 development. Dwight van Diem emphasized, “The big plays we’re making over the next 24 months are interoperability and zero knowledge proofs.”
- AI and blockchain convergence will shape the future of Web3 applications. Neil Tan stated, “Web3 has to hitch its wagon to AI and try to deliver that type of value proposition in a very immediate sort of way.”
- Improved user experience and easier onboarding processes are necessary for mass adoption. Eric Fung highlighted, “Web3 makes everything more liquid; the money goes around faster and easier.”
- NFTs may evolve beyond art and collectibles, integrating with realworld assets and identity verification. Jason Lau predicted, “NFTs might make a comeback… it would go beyond just arts and collectibles.”
- The intersection of AI and Web3 could lead to new business models and more efficient use of computing resources. Dwight van Diem shared, “We’re super interested in seeing use cases that mix the magic dust of Web3 and AI.”
The panel discussion highlighted the rapid evolution of Web3 technologies and the potential impact on various industries. Experts agreed that the integration of AI with blockchain could lead to innovative solutions and new business models. However, challenges remain, including regulatory uncertainties and the need for improved user experiences.
In the end, the panel provided a comprehensive outlook on the future of Web3, highlighting both the opportunities and challenges that lie ahead. As one panelist joked, “If you can’t beat the AI, join them in the Web3 revolution!”
The audience left with a sense of excitement and anticipation for the next 14 “doggie years” in the rapidly evolving world of Web3.

Eric Fung


Jason Lau

Neil Tan