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6 Questions for Tongtong Bee of Panony – Cointelegraph Magazine

6 Questions for Tongtong Bee of Panony – Cointelegraph Magazine


We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!


 

This week, our 6 Questions go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 business.

I’m Tongtong Bee, the co-founder of Panony and founder and editor-in-chief of PANews. I started my professional journey as a journalist at China’s traditional news outlets, including China News Service, Jiemian and Cailian Media Group. Since 2015, I’ve been covering blockchain and fintech news as one of the few journalists in China to focus on these sectors at the time. 

My focus on economic issues and emerging technologies led to me being selected to report on the “Two Sessions” (NPC and CPPCC) in 2018. And that’s the year my business partner Alyssa and I started PANews. We’ve published over 20,000 articles with an average of over 5 million page views per month, became a frequently cited source in crypto and blockchain journalism, including Forbes, Caixin, CCN, and we’re an official news source of Tencent News.


1 — Looking at the top 100 projects in crypto by market cap, which ones stand out to you — and for what reason?

I have to say Bitcoin. Being a journalist keen on economic research, I got blown away when knowing about its concept for the first time. 

Bitcoin is designed to be a substantial step forward in making money more secure, as well as a significant deterrent to many types of financial crime. It is the first decentralized peer-to-peer payment network driven by its users with no central authority. Bitcoin now has changed the world and will continue revolutionizing the financial systems in many countries. It remains the creative outcome in all of its present and limitless future uses.

 

2 — What is the single most innovative use case for blockchain you’ve ever seen? It may not be the one likeliest to succeed!

Being part of Panony and PANews, we always feel excited to meet and work with hundreds of brilliant, innovative projects worldwide. For example, I’m personally intrigued with what they’re doing at Cudos, a decentralized cloud computing platform. We know that the cloud is pricey and centralized. In addition, up to 50% of the time, the hardware is inactive or switched off, resulting in low return on investment for enterprises and an enormous carbon footprint. Thus, the current development trajectory is…

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