"2023 Shanghai Blockchain International Week" highlights highlights (continuously updated)

On September 19, 2023, the “2023 Shanghai Blockchain International Week·The Ninth Blockchain Global Summit” opened in Shanghai. Golden Finance conducted on-site tracking and reporting of the entire meeting. The following is a summary of the highlights of this meeting:

Xiao Feng: The next three years will be a critical moment for the large-scale application of blockchain

Xiao Feng, Chairman of Wanxiang Blockchain, said in his welcome speech: The theme of this summit is “Next Stop, Web3”. Web3 covers blockchain, Internet, Metaverse, AIGC, etc., not only technology, but also innovative technologies. Business model, organizational form, economic mechanism and financial model. The current blockchain is moving from infrastructure to a new stage of large-scale application. The next three years will be a critical moment for large-scale application of blockchain. Because the technical framework of blockchain is gradually based on maturity, the subsequent performance improvement requires specific measures. Scenarios can bring about greater changes, and product polishing needs to be combined with demand.

For details, please click: “Xiao Feng, Chairman of Wanxiang Blockchain: Web3.0 is the fundamental driving force for the launch of Globalization 2.0”

Qiu Dagen: The Hong Kong Parliament is conducting a second round of consultation on stablecoins and hopes to announce regulatory conditions in the middle of next year

Qiu Dagen, a member of the Legislative Council of the Hong Kong Special Administrative Region, delivered a keynote speech titled “Steadyly Promoting the Sustainable Development of Web3 in Hong Kong.” Qiu Dagen said that after Hong Kong started licensing virtual asset service providers on June 1, the next step to explore The job will be what types of products can be bought and sold, developing innovative products, who can buy these products and who cannot buy which products, these will be differentiated by professional investors and retail investors. The Parliament is currently conducting a second round of consultation on stablecoins. It is hoped that Hong Kong’s regulatory conditions for stablecoins will be announced by the middle of next year, and by then stablecoin participants will be able to issue stablecoins in Hong Kong.

At the meeting, Qiu Dagen mentioned the suggestions he gave to the Hong Kong chief executive last month, including tokenization, digital Hong Kong dollars and stable coins. It is hoped that these proposed policies can make Hong Kong a hub for digital assets.

For details, please click: “Member of the Legislative Council of the Hong Kong Special Administrative Region, Chiu Tat-kan: Prudently promote the sustainable development of Web3 in Hong Kong”

Yam Jingxin: Hong Kong Cyberport has close ties with more than 40 Web3 funds, with assets of these funds totaling US$4 billion

Ren Jingxin, CEO of Hong Kong Cyberport Management Co., Ltd., said that 2023 is not only the 20th anniversary of Cyberport, but also the first year of Web3 in Hong Kong. He also mentioned that Cyberport will cooperate with Hong Kong’s Hang Seng Bank to create a new scenario in Cyberport in September to test the general consumption of digital Hong Kong dollars. Now you can use digital Hong Kong dollars to buy coffee and snacks at designated Cyberport cafes and Hong Kong-style tea restaurants.

In addition, Ren Jingxin said that Cyberport now has more than 190 Web3 companies, and the number continues to increase, including companies in multiple fields, including underlying blockchain infrastructure, financial technology, digital entertainment, etc. Cyberport’s Web3 base focuses on talent cultivation, industry development and public awareness.

Regarding the current status of Web3 funds in Hong Kong, Ren Jingxin said: “In the past period, we have been in close contact with funds specializing in Web3 in the industry. There are more than 40 funds in close contact, and their combined assets or funds total US$4 billion.”

For details, please click: “Yam Jingxin, CEO of Hong Kong Cyberport Management Co., Ltd.: Mastering the new power of the Web3 era”

Cao Jiannong: In the Web3.0 environment, we can see many different innovations

Cao Jiannong, Professor of Data Science at the Poon Letao Charitable Foundation of the Hong Kong Polytechnic University; Chair Professor of Distributed and Mobile Computing in the Department of Electronic Computing, said that Web3.0 has three very important characteristics. The first is de-platforming and decentralization, and there is no centralization. platform to control and manage user data. The second is self-control. Self-control means that users have complete control over their own data and identity. The third is tokenization. All user-created data and content can be tokenized with its own value. These three characteristics determine that Web 3.0 is a decentralized new Internet where users can own content and share value.

In the Web3.0 environment, we can see many different innovations. The first is innovation in upper-layer applications. There are many innovations in decentralized finance, GameFi, and SocialFi, all of which revolve around Defi. Defi uses blockchain, smart contracts, and digital identities to eliminate unnecessary aspects of traditional finance. The middle channel is removed. GameFi and SocialFi apply Defi concepts and technologies to games and social networking respectively. For Defi, there is NFT, GameFi has it. In addition to innovation at the application layer, there can also be innovations in Web3.0 in terms of corporate organization, society, and economy. The most representative one is DAOs. DAOs allow an organization to self-organize and run through software without centralized management. There is also the economic and social architecture of Web3.0.

Former Alibaba Chief Strategy Officer Zeng Ming: The creator economy is the future of encryption

Zeng Ming, former chief strategy officer of Alibaba, delivered a keynote speech on “The Future of Web3” at the summit. He said that the core value of encryption is to establish an efficient decentralized network for asset confirmation and transactions, making it possible for massive people/machine, machine/ It is possible for machines to work together. The premise of value distribution is value creation. It requires a large number of people to participate in creation and the innovation of production tools. AGI has such potential that it will greatly reduce the threshold and cost of creation and attract a large number of creators. Through tokens, creators can better obtain the value they create, and thus have greater motivation to participate in creation. This forms a virtuous cycle of value creation and value distribution. He said that creating a new creator economy is the future of encryption and has great economic and social significance. AGI*Crypto makes this possible.

AGI will be a major breakthrough in productivity, and AIGC will continuously provide new content/digital assets; the value of new content will become higher and higher, and their confirmation, transaction and circulation will become more and more important; the collaboration between AI Agents needs to be more More smart contracts; so blockchain/encryption infrastructure will become increasingly important. He also said that infrastructure and applications will evolve together, and AI/crypto native services will emerge in the future, bringing a large number of new users, new development of infrastructure, and promoting the development of the entire ecosystem.