Details
Prof. Dr. Fangfang Tang (Peking University)
Abstract
Case Study 1: Agriculture index insurance and Blockchain application
Chinese agriculture insurance market size has grown from RMB 3 billion to 45 billion during the decade of 2007-2017, about 15 times expansion. The potential of this market is still huge. However, there are a number of issues to be solved or improved, from the problem of few insurance policy products to the oversimplified and non-transparent way of government subsidies (over 25 billion in 2017 alone). Agriculture index insurance is an innovative way, linked to indices such as weather, price, and so on, including aquaculture and swine production, etc. Blockchain technology may be a good solution to improve the problems of information asymmetry and inefficiency of government subsidies. Some possibilities are discussed.
Case Study 2: Application of Blockchain technology in supply chain finance
The market size of supply chain finance in China (mainland) reached 14.42 trillion Yuan (RMB) in 2017, 16 trillion in 2018 and estimated to be 27 trillion in 2020. However, there have been some major problems in this market, for example, 1). The core enterprise cannot have complete information on the chain partners either upward or downward, thus the credibility of trust cannot be extended effectively and banks have difficulties to provide sufficient services for the relevant parties, especially for the SMEs that need financial services most urgently. 2) It lacks systematic risk assessment because of the information isolation issues in the supply chains. 3). It is difficult to control the risk of contract completion, especially when there are multi-layers of many suppliers with great uncertainty (such as misappropriation of funds, malicious default, and so on). This is a very good application scenario for Blockchain technology with discussions on some possibilities and real cases in China.
Time
Tuesday, 8th June 2021
18:00 – 20:00
Online Lecture
Zoom link will be visible to registered people
Speakers
Prof. Dr. Fangfang Tang
Prof. Dr. FangFang Tang is Professor of Economics, Finance and Marketing at the National School of Development & BiMBA at Peking University. He is the Project Principal Investigator of the State Key R&D Program “Modern Service Credible Trading Theory and Technology Research” financed by the China Ministry of Science and Technology. Mr. Tang is one of the “Most Cited Chinese Researchers”, ranked by Elsevier, in the category of “Business, Management and Accounting” (2014-2020) and in the category of “Theoretical Economics” (2021). Mr. Tang holds a Ph.D. from University of Bonn where he was assistant of Professor Reinhard Selten, 1994 Nobel Laureate in Economics. He finished his M.Sc. at the Institute of Systems Engineering, Management School at Jiao Tong University and his B.Sc. in Operations Research at the Department of Applied Mathematics, Chengdu University of Science and Technology. Mr. Tang has been teaching at the Hebrew University of Jerusalem, National University of Singapore, Nanyang Technological University and Chinese University of Hong Kong.
Timeline
| Time | Speaker | Event Title | Presentations |
|---|---|---|---|
| 18:00 -18:05 | Welcome & Introduction | ||
| 18:05 -19:00 | Prof. Dr. Fangfang Tang | Two blockchain scenarios: Agriculture index insurance and supply chain finance | |
| 19:00 -19:30 | Q&A | ||
| 19:30-20:00 | e-Apéro |
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