No blockchain bonanza in private markets, yet

More: Grab set to discontinue its e-wallet service in Vietnam and HSBC Indonesia agrees to loan eFishery US$30 million. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Blockchain’s big hype, little substance in private markets]( - Grab scrapping its e-wallet service in Vietnam - Other newsy highlights such as eFishery securing a US$30 million loan from HSBC Indonesia --------------------------------------------------------------- Hello {NAME} One of the most fun parts of playing the Football Manager computer game is discovering wonderkids. These are young players who develop into superstars as the seasons tick by. They are typically highly rated prospects in real life too, but while the same players always fulfill their potential in the game, things are less black and white in reality. Some of the players tipped by the game makers to dominate world football quickly drop out of the professional ranks in reality, underscoring just how hard prediction is. Blockchain tech has been predicted to revolutionize all sorts of industries for a while now, including private markets. But as today’s featured story shows, it’s far from clear whether that much-hyped potential will be fulfilled any time soon. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Private markets slow to adopt tokenization, still seeking clear use case]( Industry players disagree about the best applications for blockchain or distributed ledger technology, and many remain unconvinced of its benefits. --------------------------------------------------------------- TRENDING NEWS [Grab to end e-wallet service in Vietnam from July 1]( Grab launched the service in 2018 in partnership with local payments firm Moca. [EFishery gets $30m loan from HSBC to expand reach of AI-powered feeding tool]( The eFeeder device gets leased to small-scale fish farmers in eFishery’s network, helping them schedule feeding time and track feeding data. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [What layoff benefits are Asian tech workers getting? Here’s an extensive look]( Amid mass layoffs across the industry, we compare severance packages that tech companies in Asia have offered to their employees. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24-25]( Join us for an unmissable two-day event where the future of tech in Malaysia takes center stage. Hear from visionary leaders shaping the tech landscape, including: - Venon Tian, the mastermind behind Zus Coffee's innovative coffee empire - Carmen Yuen, a venture capitalist at Vertex Ventures who invests in groundbreaking tech startups - Eric Cheng, the co-founder of Carsome, Malaysia's leading online used car platform ... and many more! [Secure your spot today]( and embark on a journey of discovery and innovation. [Product Development Conference (Jakarta, 25-26 June 2024)]( What's ahead at the Product Development Conference, coming up next month? We have these sessions lining up for you: scaling secrets from Grab's Head of Mobility, Samir Kumar, product development hacks for the retail industry from Kawan Lama Group's Chief Data and Digital Officer, Renaldi Tjahaya, and building product development strategy for every funding stage from Antler's Partner, Agung Bezharie. Last chance to get 25% off your PDC ticket; this offer ends on June 6th. [Snap up your ticket]( now or risk FOMO! [Tech in Asia x Airwallex Startup Night on June 19]( Forget the elevator pitches and forced smiles of typical networking events. Held on June 19, Tech in Asia x Airwallex Startup Night is about one thing: forging genuine connections that fuel real growth. This isn't for everyone, though. We're handpicking a select group of ambitious founders and startup leaders who are ready to move beyond the hype and achieve real impact. [Register for an invite today!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Engineering Manager]( at AiChat Jakarta, Indonesia - [Web Designer / UI Designer / Graphics Designer (Philippines)]( at 99 Robots Manila, Philippines - [Senior DevOps Engineer (AWS)]( at UPBOND Jakarta, Indonesia - [Business Intelligence (Customer Experience)]( at Lion Parcel Jakarta, Indonesia - [Frontend Developer]( at Scout.inc Jakarta, Indonesia - [Account Manager - Tech Division]( at PT Definite Maji Arsana Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? 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