Liao Wang won award ”Top Innovative Entrepreneurs in China Blockchain Industry”

On January 12, 2019, China New Economic Innovation and Development Summit was jointly organized by the People’s Daily, the State-owned Assets Supervision and Administration Commission, China Reform News, Economic Daily, China Center TV, Half-month Magazine, China Investment Association, China Academy of Management. The Summit were held in the Auditorium of the National Committee of the Chinese People’s Political Consultative Conference. The conference was hosted by Liu Yi, the hostess of China Center TV. The top leaders, experts, scholars, entrepreneurs attended the meeting.


Qi Xuchun, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, announced the opening of the conference!

He Keng, Deputy director of the Financial and Economic Committee of the National People’s Congress Standing Committee, attended the conference and delivered keynote speeches.

Atoshi CEO Liao Wang was invited to attend the conference and announced: ”Atoshi will use blockchain technology to empower the world.” Atoshi is a blockchain technology solution for speeding international transfer with 0 transfer fees. International transfers currently take 3-5 business days, and it will take 1 second to reach any corner of the globe by atoshi network.


Now the efficiency of international payments cannot keep up with the development of society. For example, if you want to transfer money from China to Brazil to purchase iron ores urgently, it usually takes 3 working days, and it will take one second to use atoshi, so we shortened 3 working days, which in turn increased production efficiency.

If someone travelled to China and need an urgent surgery after a serious car accident. Hospital in China need pay money first before surgery. The expensive surgery fee will take 3 days to reach China because of the international bank transfer. By missing the rescue time, life may be over! These can be solved by atoshi technology. Atoshi is a great innovation standing on the shoulders of giants such as Bitcoin.   

Han Xiuguo, former chairman of the State-owned Assets Supervision and Administration Commission,Zhou Shunqi, former deputy general manager of Xinhua News Agency, vice president of China Investment Association, Yuan Yinghua, former director of China Development Bank, Li De, former director of the Research Bureau of the People’s Bank of China, Deputy Director of People’s Daily, former Deputy Secretary General of China Consumers Association Wu Gaohan, Blockchain industry innovation entrepreneur Liao Wang, Vice president of the Chinese Academy of Management Zhang Naijian, and chairman of the China Economic Macro-control Research Association Teng Daoyang, attended the meeting.

Through long-term complex and prudent selection process, such as mass election, recommendation, and reconsideration, the organizing committee commends a group of talented people in the field of innovation and development. Atoshi CEO Liao Wang was elected as one of the “Top innovative entrepreneurs in China blockchain industry”.

As an innovative entrepreneur in the blockchain industry, in May 2018, Liao Wang made a famous assertion at the World Crypto Currency Forum held at the Dubai JW Marriott Marquis Hotel: “Cryptocurrency will replace US dollars as an international currency and foreign reserves” “Bitcoin will fall into $1 after rising to $1 million.” And launched atoshi, aim to be the currency to replace dollar as an international payment method and foreign reserve in future.

Liao Wang believes that the currency for international should not be issued by a certain country but should be issued by the blockchain network, allowing the people of the world to control themselves through blockchain technology. Atoshi is based on the excellent cryptocurrency such as Bitcoin. The more decentralized POD algorithm is used to solve the problem that the bitcoin computing power is controlled by big mining pools and may be attacked by dominant mining pools.

This new POD algorithm is an innovative concept. The POD algorithm is  first named by atoshi, which is the abbreviation of Power Of Device. Users need to contribute idle computing resources to get free transfer services. Contributing computing power is twice the amount of computing power he needs. The more users, the more computing power, the faster the transfer will be. Each user is a node, so there is no limit to TPS, far more than Bitcoin only 7TPS, Ethereum 15TPS. Each user contributes idle computing power, so it is more decentralized and avoids the existence of huge mining pools。

Growing by the time, atoshi will become a dominant currency for transactions between countries. And atoshi will fulfill the theory of Friedrich Hayek “The Denationalization of Money” (Hayek is the Nobel Prize winner in economics; The theory was described in Hayek’s book “The Denationalization of Money”).

“Let the world have a better cryptocurrency. Empower the World.”

Sincere wishes for Atoshi.

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