FIRST imension

About FIRST imension

Based in Beijing, China, FIRST dimension, known in Chinese as 数矩科技 (Shù Jǔ Kējì), operates as a service provider for value data interconnection, leveraging blockchain technology. The firm is dedicated to constructing a value data network through technological and business advancements, aiming to enable data connection and usage that is secure, private, and equitable. It employs a combination of blockchain, secure multi-party computation, and machine learning technologies. The company's business model appears to be centered on providing these advanced data solutions, particularly within the FinTech sector, empowering it through the application of blockchain and artificial intelligence.

The founding team includes Wang Runde, who brings extensive experience from the financial software, third-party payment, and internet-plus urban services industries. His previous roles include serving as the general manager of the Smart City Operations Center at Digital China. He is joined by CTO Xing Dadi, who holds a Ph.D. in Operations Research from Purdue University and possesses a background in big data modeling at prominent U.S. financial institutions like Discover Financial. Pang Huadong, a partner and former CFO who joined in 2017, contributes a background as a math prodigy and Wall Street veteran, having worked at J.P. Morgan's North American investment banking division and as a chief quantitative strategist at Celes Capital. The company's leadership envisions a future where blockchain technology moves beyond being merely 'decentralized' to becoming 'disintermediated,' fundamentally altering how trust and contracts are established between individuals and entities.

FIRST dimension's services are designed to address the challenges of trust and transaction costs in sectors like internet finance. By utilizing the inherent features of blockchain, such as machine trust and data transparency, the company aims to facilitate more secure and efficient transactions, potentially bridging global interest rates by enabling true peer-to-peer interactions. The leadership acknowledges the nascent stage of blockchain infrastructure but believes in its potential to augment and upgrade intermediary functions within the financial industry, such as those in investment banking, through the use of smart contracts. The company also foresees the rise of Personal Coin Offerings (PCOs), where individuals can issue their own digital currency, fundamentally linking a person's reputation and actions to their token's value.