Quality Alchemist (品質煉金術師)

2026年5月19日星期二

COMPxMONASH Industry Master Class - AI-Powered Risk & Compliance in Web3

The Research Centre for Blockchain Technology (RCBT) in the Department of Computing (COMP), PolyU and MONASH AI Institute, MONASH University cohost the Industry Master Class entitled AI-Powered Risk & Compliance in Web3 on 19^th May 2026. This master class offers a practical introduction to how AI-powered techniques are applied in Web3 to support risk detection and compliance. I attended the class and selfie before start.

In the beginning, Prof. Allen Au (COMP) gave a welcome message.

Then Prof. Joseph Liu (MONASH) gave an opening remark.

Prof. Joseph Liu was the first speaker and his topic entitled “Foundations of Blockchain, Cryptocurrencies & Privacy Technologies”. Firstly, he introduced their Fintech Lab and also briefed their areas of focus including Sustainable Finance, Trusted Digital Transformation, Inclusive Economic Systems and Ethical Digital Finance, etc.

Then he briefed what is Blockchain in two directions that one was distributed ledger and the other one is decentralized trust. And then he briefed the chronology of innovation since 2008. He also introduced digital signature especially ring signature for privacy.

Finally, he introduced his PhD thesis in 2004 for linkable ring signature and his research was employed in Monero 10 years later in 2014.

The second speaker was Prof. John Yuen (MONASH) and his presentation title was “Cryptocurrency vs. Traditional Finance: Understanding the AML Gap”. He introduced traditional Anti-Money Launching (AML) struggled in crypto.

He described the traditional finance handling the AML from ID verification (Know Your Customer – KYC) to transaction monitoring and then reporting. He explained why traditional AML works because of “Known ID”, “Central Control Point”, “Strong Regulatory Framework” and “Traceable Flows”.

But cryptocurrency transaction was difference because of “Pseudonymity”, “Permissionless Access”, “Borderless” and “Decentralized Ecosystem”. After that Prof. John Yuen compared traditional and crypto system that AML in traditional finance relies on structure but crypto removes it!

Lastly, he mentioned Crypto Money Laundering mechanism from placement to layering and integration. He summarized four core challenges and they were “Technical Complexity”, “Operational Scale”, “Legal & Regulatory Fragmentation” and “Attribution Problem”.

The third speaker was Dr. Teresa Wang (MONASH) and her topic named “AI Techniques for AML in Cryptocurrency”. She discussed rule based and AI based methods in crypto money laundering.

Then she compared the advantages and limitations of different approaches. Dr. Wang mentioned three approaches and they were Heuristic Rule-Based, Traditional Machine Learning-Based and Graph-Based Approach.

Finally, she mentioned key challenges such as demystifying mixer laundering and tracing privacy coin laundering. The future works should be from algorithm to system.

The fourth speaker was Prof. Andreas Deppeler (MONASH) and his presentation entitled “AML Compliance & Risk Management in Cryptocurrency Ecosystems”. He said stablecoins accounted for 30% of all on-chain crypto transaction volume by 2025! Stablecoin characteristics included high liquidity, near-instant settlement and global interoperability.

And then he briefed the Financial Action Task Force (FATF) which is the global standards for AML and counter-terrorist financing (CFT). After that he introduced the Travel Rule that adapted the FATF’s traditional payment transparency requirements.

Finally, Prof. Deppeler introduced different compliance and risk management in different areas including US, EU as well as HK.

The last speaker was Dr. Xiangmeng Wang (COMP) and her presentation topic named “Data Analytics in Fraud Detection: A Graph Learning and Causal Inference Perspective”. Firstly, she briefed three common frauds existing such as Financial Fraud, Fake Accounts & E-commerce Scams, and Money Laundering & Web3 Scams.

Then she briefed how AI and Graph Learning can enhance the fraud detection. She also compared the Traditional ML and Graph Reality.

Finally, she explores three questions in this class and they related GNNs for financial fraud detection, design graph models and current challenges.

After the Industry Master Class, we enjoyed a tea session. I took a photo with Allen and Jeff for memory.

I also took a photo with Prof. Andreas Deppeler (MONASH).

Jeff and I made two new friends: Mr. Jeremy Tang (COO, Trad To B.com Limited (Trad2B)) and Mr. Hon Wai Lo (IT Operations Director, Trad2B).

I also made a new friend from India: Mr. Venkat R (Sales Manager – Compliance Solutions, NanoMatriX).

Reference:

COMP, PolyU - https://www.polyu.edu.hk/comp/

RCBT - https://blockchain.comp.polyu.edu.hk/

Fintech Impact Lab, MONASH Malaysia - https://www.monash.edu.my/business/research/fintech-lab

Leader 2030 - Managing Profit-Shifting Forces

The Executive Study Group (ESG) webinar named “Leader 2030 - Managing Profit-Shifting Forces” was held by Asia Pacific Institute for Strategy Limited (APIFS) on 19^th May 2026. The webinar aims to discuss how to manage profit-shifting forces based on Prof. Michael Porter strategy. The content included to understand industry profitability drivers and consider buyer, supplier, new entrant, competitor and substitute.

In the beginning, Dr. Mark Lee mentioned the profit formula that profit equal to revenue minus cost. He said we don’t discuss the revenue and cost but another factor could enhance the profit!

Then Dr. Lee quoted Prof. Michael Porter foundation strategy and focused on finding right position in the industry.

He reviewed average return on invested capital (ROIC) in US industries from 1992 to 2006 and found that the ROIC range was from 7% to 25%.

After that we surveyed our idea which industries have low or high ROIC. It demonstrated that not higher technology product had higher ROIC.

And then he used Southwest Airlines as case study and showed its unique position in focusing to the price- and convenience-sensitive travelers.

Based on the profit-shifting analysis compared with American Airlines, Southwest Airlines removed Buyer expense and reduced Terminal fee in Supplier expense.

Finally, Dr. Mark Lee demonstrated the Southwest Airlines had higher ROIC and he concluded that positioning is one of key factors to manage profit-shifting force.

Reference:

Asia Pacific Institute for Strategy Limited (亞太策略研究所有限公司) – www.apifs.org

ESG facebook - https://www.facebook.com/groups/esg08

Leader 2030 - Empowering the Next Generation of Leaders - https://www.apifs.org/Leader2030-en

Leader 2030 series:

20250307: Leader 2030 Webinar – Lean Startup: Quick Innovation Strategy - https://qualityalchemist.blogspot.com/2025/03/leader-2030-webinar-lean-startup-quick.html

20250319: Leader 2030 Webinar – How Are AI Projects Different from Traditional IT Projects - https://qualityalchemist.blogspot.com/2025/03/leader-2030-webinar-how-are-ai-projects.html

20250422: Leader 2030 Webinar – The Secret for Successful Strategy Execution - https://qualityalchemist.blogspot.com/2025/04/leader-2030-webinar-secret-for.html

20250502: Leader 2030 Webinar – The Secret for Successful Strategy Execution (II) - https://qualityalchemist.blogspot.com/2025/05/leader-2030-webinar-secret-for.html

20250515: Leader 2030 -Negotiation Strategy to Lead Changes - https://qualityalchemist.blogspot.com/2025/05/leader-2030-negotiation-strategy-to.html

20250806: Leader 2030-Innovation Strategy-How to Increase Customer Satisfaction and Reduce Costs Simultaneously - https://qualityalchemist.blogspot.com/2025/08/leader-2030-innovation-strategy-how-to.html

20250915: Leader 2030 -How to Turn Customer Loyalty to High Profits - https://qualityalchemist.blogspot.com/2025/09/leader-2030-how-to-turn-customer.html

20251023: Leader 2030 Webinar – Motivational Strategy - https://qualityalchemist.blogspot.com/2025/10/leader-2030-motivational-strategy.html

20251107: Leader 2030 Webinar – Motivational Strategy (II) - https://qualityalchemist.blogspot.com/2025/11/leader-2030-webinar-motivational.html

20251125: Leader 2030 – The Success Secrets of Japan Richest Man from UNIQLO - https://qualityalchemist.blogspot.com/2025/11/leader-2030-success-secrets-of-japan.html

20260430: Leader 2030 - Entering the AI Era: How to Effectively Change the Old Mindsets of Your People - https://qualityalchemist.blogspot.com/2026/04/leader-2030-entering-ai-era-how-to.html

Previous talks summary:

https://qualityalchemist.blogspot.com/search/label/Executive%20Study%20Group

2026年5月16日星期六

HKSQ 4th Exco Meeting and the 11th WSCQ Preparation Meeting 2026

The HKSQ 4th exco meeting in 2025/26 and the 11^th World Summit for Chinese Quality (WSCQ) preparation meeting was held on 16^th May 2026 in PolyU. In the beginning, we took a group photo.

We discussed different activities including BOK workshop, membership and AGM arrangement, as well as, FYP student project competition.

Finally, we discussed the action plan of the 11^th World Summit for Chinese Quality which would be held on 6-7 Aug 2026. We took a group photo at the end.

(Left: I, Mr. Humphrey Lee, Mr. Ben Tsang, Dr. Jack Wu, Ms. Angela Wong, Dr. SL Mak, Dr. Jane Wong, Mr. Peter Fung, Dr. Aaron Tong, Dr. Mandict Wong and Ms. Kelly Liu)

After the meeting, we had lunch together to celebrate Ben's retirement this Apr.

Reference:

HKSQ - www.hksq.org

HKSQ Strategy Meeting:

HKSQ Strategic Meeting & 1st Exco Meeting 2024 - https://qualityalchemist.blogspot.com/2024/10/hksq-strategic-meeting-1st-exco-meeting.html

HKSQ Strategy Meeting 2023 - https://qualityalchemist.blogspot.com/2023/10/hksq-strategy-meeting-2023.html

HKSQ Strategy Meeting and the 1st Exco Meeting 2022/2023 - https://qualityalchemist.blogspot.com/2022/10/hksq-strategy-meeting-and-1st-exco.html

HKSQ Strategy Meeting 2021 cum IKA Silver Medal Award Celebration - https://qualityalchemist.blogspot.com/2021/10/hksq-strategy-meeting-2021-cum-ika.html

HKSQ Strategy Meeting 2020 - https://qualityalchemist.blogspot.com/2020/12/hksq-strategy-meeting-2020.html

HKSQ Strategy Meeting 2019 - https://qualityalchemist.blogspot.com/2019/11/hksq-strategy-meeting-2019.html

HKSQ Strategy Meeting 2018 - https://qualityalchemist.blogspot.com/2018/09/hksq-strategy-meeting-2018.html

HKSQ Strategy Meeting 2017 - https://qualityalchemist.blogspot.com/2017/08/hksq-strategy-meeting-2017.html

HKSQ Strategy Meeting 2016 - https://qualityalchemist.blogspot.hk/2016/09/hksq-strategy-meeting-2016.html

HKSQ Strategy Meeting 2015 - https://qualityalchemist.blogspot.hk/2015/08/hksq-strategy-meeting-2015.html

HKSQ Strategy Meeting 2014 - https://qualityalchemist.blogspot.hk/2014/08/hksq-strategy-meeting-2014.html

HKSQ Strategy Meeting 2013 - https://qualityalchemist.blogspot.hk/2013/09/hksq-strategy-meeting-2013.html

The HKSQ Strategy Meeting 2010 - https://qualityalchemist.blogspot.hk/2010/08/hksq-strategy-meeting-2010.html

HKSQ Exco Meeting and Other Meeting:

20260330: HKSQ Preparation Meeting for the 11th World Summit for Chinese Quality (I) - https://qualityalchemist.blogspot.com/2026/03/hksq-preparation-meeting-for-11th-world.html

20260306: HKSQ Exco Meeting and Spring Dinner 2026 - https://qualityalchemist.blogspot.com/2026/03/hksq-exco-meeting-and-spring-dinner-2026.html

20251212: HKSQ Exco meeting and celebrating the Winter Solstice Festival 2025 - https://qualityalchemist.blogspot.com/2025/12/hksq-exco-meeting-and-celebrating.html

20250215: HKSQ 3rd Exco Meeting 2025 - https://qualityalchemist.blogspot.com/2025/02/hksq-3rd-exco-meeting-2025.html

20241220: HKSQ 2nd Exco Meeting and Winter Solstice Dinner 2024 - https://qualityalchemist.blogspot.com/2024/12/hksq-2nd-exco-meeting-and-winter.html

20240408: HKSQ Bank Meeting 2024 - https://qualityalchemist.blogspot.com/2024/04/hksq-bank-meeting-2024.html

20240127: HKSQ Website Knowledge Transfer Meeting 2024 - https://qualityalchemist.blogspot.com/2024/01/hksq-website-knowledge-transfer-meeting.html

20230727: HKSQ Financial Meeting and Visit to CityU Exhibition - https://qualityalchemist.blogspot.com/2023/07/hksq-financial-meeting-and-visit-to.html

20230520: HKSQ The 3rd Exco Meeting 2023 - https://qualityalchemist.blogspot.com/2023/05/hksq-3rd-exco-meeting-2023.html

20221120: HKSQ Knowledge Transfer Meeting 2022/2023 - https://qualityalchemist.blogspot.com/2022/11/hksq-knowledge-transfer-meeting-20222023.html

20220702: HKSQ The 3rd Exco Meeting 2022 (Online) - https://qualityalchemist.blogspot.com/2022/07/hksq-3rd-exco-meeting-2022-online.html

20211211: HKSQ - The 3rd Meeting for the 35th Anniversary Book - https://qualityalchemist.blogspot.com/2021/12/hksq-3rd-meeting-for-35th-anniversary.html

20211010: HKSQ - The 2nd Meeting for the 35th Anniversary Book - https://qualityalchemist.blogspot.com/2021/10/hksq-2nd-meeting-for-35th-anniversary.html

20210829: HKSQ Meeting for the 35th Anniversary Book - https://qualityalchemist.blogspot.com/2021/08/hksq-meeting-for-35th-anniversary-book.html

20210306: HKSQ The 1st Exco Meeting 2021 - https://qualityalchemist.blogspot.com/2021/03/hksq-1st-exco-meeting-2021.html

20200523: HKSQ 3rd Exco Online Meeting using Zoom - https://qualityalchemist.blogspot.com/2020/05/hksq-3rd-exco-online-meeting-using-zoom.html

20200430: HKSQ Official Bearers Meeting and Online Exco Trial Meeting - https://qualityalchemist.blogspot.com/2020/04/hksq-official-bearers-meeting-and.html

20200307: HKSQ Exco Meeting during Coronavirus Spreading Period - https://qualityalchemist.blogspot.com/2020/03/hksq-exco-meeting-during-coronavirus.html

20181029: HKSQ Special Meeting for Bank Issue - https://qualityalchemist.blogspot.com/2018/10/hksq-special-meeting-for-bank-issue.html

2026年5月11日星期一

PolyU EDC Seminar on Future-Proofing Your Career: Thriving in the AI Era

PolyU Educational Development Centre (EDC) arranged a seminar named “Future-Proofing Your Career: Thriving in the AI Era” on 11 May 2026 in TU616. I was first time to visit EDC.

I arrived the venue and selfie before the seminar start. AI is rapidly shaping the way we work, raising both opportunities and uncertainties for today’s workforce. This seminar aims to explore how individuals can engage with AI thoughtfully and productively.

In the beginning, MC introduced Dr. Chui Chuen Shun, Alex (DBA, MSc., LLM FHKICPA) who is an Adjunct Professor at Hang Seng University of Hong Kong, has spent his entire career working as a professional accountant and business executive.

Dr. Alex Chui introduced new trinity of career success to prepare for the AI era and these three distinct areas are:

i) Technical Literacy (Understanding the tools)

ii) Human-Centric Skills

iii) Adaptive Mindset

Then he added we should become AI-Fluent, not just AI-aware. Learn to be the Pilot, not the engine.

And then Dr. Alex CHUI briefed some skills which were not easily replicated such as critical thinking, EQ, creativity and communication. Those are inter-personal skills!

After that Dr. Chui suggested AI career action plan including experiment AI weekly, Networking, Building “T-Shaped” Profile and Focus on Challenges.

In the future, we don’t compete with AI but collaborate with it. Career path is no longer a ladder but like slashers.

Finally, Dr. Chui introduced concepts of financial freedom or financial independence to survive and thrive in the AI era.

He also quoted Warren Buffetts’ philosophy of share investment and recommended an famous investment book.

Finally, Dr. Alex Chui concluded: "In the age of artificial intelligence, some jobs will disappear, and others will emerge. Success depends on maintaining adaptability, cultivating fundamental AI skills and human-centered skills, and critically evaluating whether AI-generated information is biased or erroneous. To succeed in the AI era, one must focus on mastering uniquely human skills, maintain active skills throughout one's career, and accumulate knowledge and skills."