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Inaugural EdTech Month to promote the applications of EdTech as a Catalyst to develop Hong Kong as a Digital Economy

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Esperanza, a charitable organisation established in 2018 to advocate new ways to learn, live and work, will partner with the International Society for Technology Education (ISTE) and The University of Hong Kong to organise the inaugural 2022 EdTech Month from 8 October to 8 November in Hong Kong. The EdTech Month will bring together experts and innovators in education technology (EdTech) from around the world to promote the applications of EdTech as a catalyst to  drive the development of Hong Kong as a digital economy and society.

Talent Crunch

Aging population, changing life aspirations and in particular accelerating demands for digital skills have aggravated talent shortages worldwide. The World Economic Forum predicted that by 2025 half of all employees around the world will not have the skills to keep up with the changing nature of jobs. Outdated learning programmes will further exacerbate the skills mismatch in the future.

In Hong Kong, according to the 2021/2022 Hong Kong Institute of Human Resource Management Training and Development Needs Survey, 91% of the respondents saw the importance of reskilling and upskilling their employees but the average training hour per employee annually was only 14.1 hours. 94% of the respondents have introduced e-learning and cited the lack of engagement and interactions as the top challenges.

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EdTech as a Talent Development Tool

“EdTech is a catalyst to reinvent the outdated learning system; and a propeller to develop the skills and talents that Hong Kong urgently needs to maintain its competitiveness in the digital century,” said John C Tsang, Founder of Esperanza. EdTech refers to the applications of technology in teaching and learning, from K12, higher education, enterprise learning to lifelong learning. From simply moving learning contents online, there have been increasing adoptions of digital technologies like AI, blockchain, data analytics and immersive technologies to make learning more engaging, personal, collaborative, inclusive and effective.

2022 EdTech Month

The Covid-19 pandemic has made remote/hybrid learning and work a new normal, fuelling demand for EdTech solutions. According to HolonIQ, the EdTech market was valued at USD 254.80 billion in 2021 and is expected to reach USD 605.40 billion by 2027. EdTech investment in 2021 amounted to USD20 billion, representing three times the pre-pandemic level in 2019. But EdTech in Hong Kong is still at a nascent stage.

The EdTech Month aims to encourage the applications of EdTech as a catalytic strategy to develop, reskill and upskill Hong Kong’s talent pool.  It will also showcase examples from around the world on how academic institutes, businesses and governments can work together to develop a 21st century workforce. The EdTech Month comprises three programmes available in online or hybrid formats:

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A half-day webinar on how technology can facilitate self-directed learning for K12 and higher education students with practical advice and sharing from experts from the US and Hong Kong, including Richard Culatta, an internationally renowned educator and the CEO of ISTE.

A one-day hybrid event at The University of Hong Kong featuring talent development trends in Asia, how emerging technologies like AI, data analytics and web 3.0 technologies can innovate workforce development and how the public, private and academic sectors can build a learning innovation ecosystem together.

Highlights include the most revolutionary university (Minerva University), the largest curated enterprise e-learning platform (Go1) in the world, China’s largest higher education partner (Huikedu Group), the biggest executive learning centre in Southeast Asia powered by EdTech (Catapult in Singapore), the region’s EdTech investment specialist (Kaizenvest), and four 2022 Edventures Global Business Acceleration Fellowship winners from DenmarkSpainSweden and the US demonstrating how they use technology to personalise higher education (Analytikus), facilitate collaborative learning (Eduflow), empower the global supply chain workforce (Quizrr) and assess 21st century skills for learners and employers (Territorium).

This Summit will provide a virtual networking platform powered by Gevme, whereby online and offline attendees can send messages, arrange instant video calls and schedule meetings with one another. A pre-event gathering will be held on 7 October to familiarise the registrants with the networking platform. The virtual exhibition of the Summit showcasing the EdTech solutions will open from 7 – 30 October 2022.

  • HKU Teaching and Learning Festival (14 October – 8 November)

The Festival comprises different events showing HKU’s teaching innovations and a global forum on 8 Nov for higher education institutes and the business community to discuss how we could nurture a VUCA-proof workforce.

Special Offers to EdTech Month Participants

Admission is free to all EdTech Month events. The 8 October and 14 October Summit participants will also enjoy respectively a complimentary ISTE U online course on “Digital Literacy in the Classroom” and a one-month trial account from Go1 with over 100,000 bite-size courses for up to 5 people in an organisation.

“With the e-learning experience in the last two years, it is high time for educators, employers and policy makers to learn how they can leverage emerging digital technologies to make learning more effective and relevant to the needs of the 21st century . The EdTech Month will also be of interest to people who are looking for business, ESG and investment opportunities in the fast growing EdTech market,” Tsang added.

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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