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The Future of Blockchain: How it will impact finance, industry, and society (Book Chapter)

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Kenji Kushida's new book chapter, "Blockchain, a Silicon Valley Vantage on its Potential and Challenges" was published in new book, "The Future of Blockchain: How it will impact finance, industry, and society edited by Yuri Okina, Noriyuki Yanagawa, and Naoyuki Iwashita.

The book is an investigation of the potential and challenges of adopting a disruptive technology such as blockchain. Experts on blockchain applications explain the concept of blockchain, how it is being utilized in a variety of areas, and its wide-range impact on economy, industry, business and society, based on cases in Japan and overseas.

 

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Books
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Kenji E. Kushida

A Strategic Overview of the Silicon Valley Ecosystem: Towards Effectively “Harnessing” Silicon Valley

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This report provides an overview of the Silicon Valley ecosystem. It draws upon existing scholarship and original insights to derive a picture that is only partially well-known in Japan. Characteristics such as the critical role of large firms for the startup firm ecosystem, the role of Japanese firms in creating the US firms’ “open innovation” paradigm, and the severe lack of local government coordination in providing public transportation creating opportunities for disruptive startups such as Uber, are all aspects of Silicon Valley that are not well-known in Japan. This report also delves into industry-university ties in the crucial research universities of Stanford and University of California Berkeley, highlighting the multifaceted and bidirectional interactions between universities and industry that are often not captured by the common “technology licensing office”-centered view. In the final section, this report briefly reviews a representative set of challenges often cited by large Japanese firms attempting to make use of the Silicon Valley ecosystem, concluding by suggesting areas for further research.

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Kenji E. Kushida

U.S.-China Relations Fractious, Not Fragile, Says APARC Fellow

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Noa Ronkin
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Forty years after the establishment of diplomatic relations between the United States and China, the two superpowers are competing and contesting every arena, from trade to AI research and from space exploration to maritime rights. Instead of what Americans referred to as engagement and Chinese called reform and opening, many experts and analysts now characterize the relations between the two countries as dangerously brittle. Some see a new kind of Cold War in the making. Such assertions, however, argues Shorenstein APARC Fellow Thomas Fingar, “both ignore history and impute a level of fragility that has not existed for many years.”

Fingar reflects on the U.S.-China bilateral relationship in a new article, “Forty years of formal—but not yet normal—relations,” published in the China International Strategy Review. He claims that the relationship is resilient and not destined for conflict, albeit it is beset by a host of aspirational, perceptual, and structural differences.

A political scientist and China specialist who served over two decades in senior government positions, Fingar urges readers to remember that assertions of fragility of the U.S.-China relationship undervalue the strength, scope, and significance of interdependence, shared interests, and constituencies in both countries. These, he says, have a substantial stake in the maintenance of at least minimally cooperative relations.

U.S.-China relations are indeed highly asymmetrical: Chinese citizens and organizations have far greater access to the United States than Americans do to China, notes Fingar. He also recognizes that the troubles that have soured the relationship are more intricate and often more sensitive than those of the past. Decades ago, most of the issues that arose were handled at the governmental level. But now “the number and variety of players with stakes in the relationship and disputes with counterpart actors are much greater.” Furthermore, explains Fingar, the U.S. business community is expressing a stronger voice for government action to change Chinese behavior and is not as consistent an advocate of stability in U.S. policy toward China as it used to be. “This is an extremely important development,” he says, “because it reverses a key dynamic in the U.S.-China relationship.”

Ultimately, however, the two countries and our institutions and people are linked by myriad ties that bring mutual benefits as well as the constraints of interdependence. “I remain confident that we will continue to be able to manage the relationship,” concludes Fingar. He expresses disappointment, though, that normalization of U.S.-China relations remains a work in progress and cautions that merely managing the relationship to prevent it from deteriorating is an unsatisfactory goal that should be unacceptable to both sides. Not only does such a low bar limit what each counterpart can achieve, but it also inhibits the kind of cooperation required to address transnational challenges like climate change, infectious disease, and proliferation of dangerous technologies.

 

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A display for facial recognition and artificial intelligence is seen on monitors at Huawei's Bantian campus on April 26, 2019 in Shenzhen, China.
A display for facial recognition and artificial intelligence is seen on monitors at Huawei's Bantian campus in Shenzhen, China. The U.S. government battle with the Chinese telecom giant represents multiple concerns about China's technological prowess.
Kevin Frayer/ Getty Images
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Artificial Intelligence (AI), Intelligence Augmentation (IA), Human Machine Interfaces (HMI): Frontier Research and Policies for Navigating the Future Together

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The diffusion and deployment of technology is not simply shaped by the technology itself. Complementary technologies are often required to derive value from the technology, and other factors such as business models for which the technology solves significant “pain points.” Business organizations that can harness the set of technologies, along with societal factors such as regulations, employment regimes, demographics, social norms, and political dynamics can critically affect how technologies diffuse.

This conference is centered on the technological development, deployment, and diffusion of various forms of human-machine interfaces. In the morning, it examines technologies utilizing AI, IA, and pushing human-machine interfaces to the next level of commercial development (morning session A). It also introduces frontier research in medical fields and focuses on how a design approach has been effective for how medical products and solutions have been developed (morning session B). In the afternoon, it turns to a discussion of policy dynamics and considerations surrounding the use of AI and IA, particularly in broad societal deployments

This conference is a joint production of the Shorenstein Asia Pacific Research Center (APARC) Japan Program’s Stanford Silicon Valley - New Japan Project, and Japanese venture community, Mistletoe, Inc.

Agenda

*Agenda subject to change

9:00 - 9:30             Registration

9:30 - 9:40             Welcome Remarks

9:40 - 11:00           Morning Session A: Next Generation Human Machine Interfaces: From Science Fiction to Reality to Industrial Deployment

Presentations followed by discussion:

Ryoichi Togashi, Program Director, Komatsu

Andrew Pedtke, Co-founder and CEO, Lim Innovations

Lochlainn Wilson, CEO, SE4

Moderator: Kenji Kushida, Research Scholar, Stanford University

11:00 - 11:15         Break

11:15 - 12:30         Morning Session B: Bio Design and Medical Technologies, and University-Industry Ecosystems

Presentations followed by discussion:

Atsushi Taira, Chief Growth Officer, Mistletoe, Inc.

Gordon Miller Saul, Executive Director,  Stanford Byers Center for Biodesign

Christoph Leuze, Research Scientist, Stanford Radiological Sciences Lab

Pushkar Apte, Director of Strategic Initiatives, CITRIS and the Banatao Institute, UC Berkeley

Moderator: Kenji Kushida, Research Scholar, Stanford University

12:30 - 13:30        Lunch

1:30 - 15:00          Afternoon Discussion: Regulations, politics, and industry dynamic with considerations of accountability and ethics

Presentations followed by discussion:

Kenji Kushida, Research Scholar, Stanford University

Mei Lin Fung, Co-Founder, People-Centered Internet

Rosanna Guadagno, Director, Information Warfare Working Group, Stanford University

Mike Nelson, Head of Public Policy, CloudFlare

Moderator: Jaclyn Selby, Research Scholar, Stanford University

15:00                    Closing Remarks

RSVP REQUIRED

Limited seating available. Seats will be filled on a first come, first serve basis.

RSVP Deadline: May 20, 2019

RSVP link: http://www.stanford-svnj.org/52119conference

Stanford Silicon Valley-New Japan Project

Patricia (Tish) Robinson

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patricia_robinson.jpg Ph.D.

Patricia (Tish) Robinson joined the Walter H. Shorenstein Asia-Pacific Research Center as a visiting scholar from Hitotsubashi University in Tokyo, Japan from May 2019 - April 2020.

Robinson’s research and teaching focus on managerial mediation and managerial coaching. She has published in Administrative Science Quarterly, Academy of Management Perspectives, and Human Resource Management Review, among others, and her research has received the Academy of International Business Farmer Award and the Academy of Management Richman Award. Other awards include a Fulbright Fellowship, a Fulbright Hayes Fellowship, a Fulbright Faculty Fellowship, a Carnegie Bosch grant, a Japan Foundation Faculty Fellowship, and a Shintaro Abe Fellowship, among others.

Robinson has served on the faculty at UC Berkeley, the NYU Stern School of Business and Harvard University, as well as at the Japan Institute of Labor Policy and Training.  She was appointed a Commissioner on the Fulbright Japan-US Educational Commission by Ambassador Caroline Kennedy, was an outside board director to Eisai Pharmaceuticals, elected an elected Governor to the American Chamber of Commerce Board of Governors, and served as a Founding Director of the Society of Organizational Learning Japan under the auspices of Peter Senge.

Robinson received her MBA and Ph.D. from the MIT Sloan School of Management at the Massachusetts Institute of Technology and her BA from Pomona College.

Visiting Scholar, May 2019-April 2020

Haifeng Li

Shorenstein APARCStanford UniversityEncina Hall E301Stanford, CA 94305-6055
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Dr. Haifeng Li Boyd joined the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) as visiting scholar from spring 2019 through spring 2020.  She is a Professor of International Economics at Yamaguchi University, where she teaches courses on East Asian and Chinese Economics and conducts research on consumption society and consumer behavior of China. Dr. Li has published extensively in areas of consumer behavior and economics, including books such as The Mass Consumer Society in China, Market Economics and the Consumer Behavior. She served as the President of Asian Consumer and Family Economics Association (ACFEA), among others, and has presented her research to diverse audiences in the U. S., Japan, China, Malaysia, South Korea, and England. 

Haifeng Li received her B.S. from the University of International Business and Economics in China, and M.S. and Ph.D. in Economics from Hokkaido University in Japan.   She was previously a visiting scholar at Stanford University from 2009-2011.

Visiting Scholar at APARC

Nan Jia

616 Serra MallEncina Hall E301Stanford, CA 94305-6055
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nan_jia.jpg Ph.D.

Nan Jia joined the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) during the 2019-2020 academic year as a visiting scholar, from the University of Southern California, where she serves as Associate Professor of Strategic Management at the Marshall School of Business. She obtained her Ph.D. in Strategic Management from the University of Toronto's Joseph L. Rotman School of Management.

Visiting Scholar at APARC

Japan in the Bay Area: From Competition to Collaboration

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The Bay Area Council Economic Institute and the Walter H. Shorenstein Asia-Pacific Research Center Japan Program invite you to a forum on the critical transformations underway in Japan’s economy and the unique synergies that connect it to the Bay Area. The program will include a discussion of the high-level findings of a new report by the Bay Area Council Economic Institute on Japan’s economic engagement in the San Francisco/Silicon Valley Bay Area, and the role the region is playing as California and Japan look to expand trade and investment and accelerate innovation. Leading experts and practitioners from both Japan and the Bay Area will join us for this discussion. 

This event is brought to you by the Shorenstein Asia-Pacific Research Center Japan Program and the Bay Area Council Economic Institute, in cooperation with the Japan Society of Northern California.

 

Agenda

 

1:00pm          Welcome

     Jim Wunderman, President & CEO, Bay Area Council

     Hon. Tomochika Uyama, Consul General of Japan

     Takeo Hoshi, Director, Shorenstein APARC Japan Program

1:10pm          Introduction of Bay Area Council Economic Institute Report: High-Level Findings

     Sean Randolph, Senior Director, Bay Area Council Economic Institute

1:30pm          Observations and Silicon Valley Overview

     Kenji Kushida, Research Scholar, Stanford University

1:45pm          Panel 1: The Emerging New Japan 

     Kanetaka Maki, Associate Professor, Waseda Business School

     Mio Takaoka, CFO, Medical Note and Partner, Arbor Ventures

     Takeshi Ebihara, Founding GP, Rebright Partners

     Emre Yuasa, Principal, Globis Capital Partners

     Sean Randolph, Senior Director, Bay Area Council Economic Institute (Moderator)

2:45pm          Panel 2: Japanese Companies in Silicon Valley Creating Value in New Ways

     Hiroshi Menjo, Managing Partner, Net Service Ventures

     Tsunehiko Yanagihara, Executive VP, Mitsubishi Corp M-LAB

     Gen Isayama, General Partner & CEO, World Innovation Lab

     Dennis Clark, Managing Director, Honda Innovations

     George Saikalis, SVP & CTO, Hitachi America, Ltd.

     Kenji Kushida, Research Scholar, Stanford University (Moderator)

4:00pm         Closing Remarks 

Bechtel Conference Center
Encina Hall
616 Serra Mall, Stanford, CA 94305

Panel Discussions
Stanford Silicon Valley-New Japan Project

HOW DOES VENTURE CAPITAL WORK AND HOW DO JAPANESE CORPORATIONS LEVERAGE VENTURE CAPITAL?

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Since its establishment, DNX Ventures (formerly Draper Nexus Ventures) has acted as a bridge between growing Silicon Valley businesses and large Japanese firms. Since 2011, DNX Ventures has created more than 100 partnerships between its portfolio companies and its over 25 large Japanese corporate LPs. During this seminar, Managing Director of DNX Ventures Hiro Rio Maeda will extrapolate from his over 15 years of experience in both corporate venture capital and venture capital and extensive experience working with both startups and large Japanese corporations to discuss the basics of venture capital, and how Japanese corporations leverage venture capital to push forward open innovation initiatives. From a VC perspective: how are decisions about strategic investments made? How does money flow? What ratio of successful investments to non-successful investments do VCs aim for? From a large Japanese corporate perspective: how do large Japanese firms use VC to achieve open innovation goals? What are some of the obstacles to Japanese large firm-startup partnerships, and what are some of the ways to overcome these challenges? Maeda will answer these questions and more, as well as share examples of successful partnerships and large Japanese firms that are successfully harnessing Silicon Valley to further open innovation efforts.  

SPEAKER:

Hiro Rio Maeda, Managing Director, DNX Ventures (formerly Draper Nexus)

BIO:

Hiro Rio Maeda is a Managing Director at venture capital firm DNX Ventures (formerly Draper Nexus). Rio focuses on investing in innovative companies in Cyber Security, mobile, storage, and retail tech area that could work on a global scale. His portfolio companies include Cylance, SafeBreach, JASK, vArmour, AppDome, Ayasdi, Remotium, Klout, Fyde, JoyMode, and Hom.ma. 

Prior to joining DNX Ventures (formerly Draper Nexus), Rio spent six years at Globespan Capital Partners where he had put his resource on both investment and business development of Japan/US portfolio companies. Palo Alto Networks(NYSE: PANW) was a good example portfolio company that he took a lead on taking them to the Japanese market.

Prior to Globespan, Rio spent seven years at Sumitomo Corporation, a Japanese conglomerate trading company in which he had built expertise his international business skill in IT technologies and consumer web services in Tokyo and his capitalist career at Presidio Ventures (Sumitomo’s corporate venture capital arm) in Santa Clara.Japanese conglomerate trading company in which he had built expertise his international business skill in IT technologies and consumer web services in Tokyo and his capitalist career at Presidio Ventures (Sumitomo’s corporate venture capital arm) in Santa Clara.

AGENDA:

4:15pm: Doors open
4:30pm-5:30pm: Talk and Discussion
5:30pm-6:00pm: Networking

RSVP REQUIRED:

Register to attend at http://www.stanford-svnj.org/22819-public-forum

For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/

 

Hiro Rio Maeda, Managing Director, DNX Ventures (formerly Draper Nexus)
Seminars
Stanford Silicon Valley-New Japan Project
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