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

Odaily Planet Daily reported that at the 2023 Shanghai Blockchain International Week·Blockchain Global Summit hosted by Wanxiang Blockchain Laboratory, Xiao Feng, chairman of Wanxiang Blockchain, gave a welcome speech and said that the theme of the summit is "Next stop, Web3", Web3 covers blockchain, Internet, Metaverse, AIGC, etc. It is not only technology, but also innovative business models, organizational forms, economic mechanisms and financial models. 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.