Blockchain To Enter '1995 Moment' In 2024, Says Wanxiang Blockchain Chairman

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Blockchain technology is poised to experience a significant surge in adoption and innovation in 2024, akin to the emergence of major internet platforms in 1995, leading to the development of a new financial ecosystem with interoperable bank and crypto accounts by 2025.

According to PANews, at the 10th Global Blockchain Summit hosted by Wanxiang Blockchain Labs, Wanxiang Blockchain Chairman Xiao Feng stated that blockchain technology will enter its '1995 moment' in 2024. He compared this to the period when major internet platforms began to emerge in 1995. Xiao Feng emphasized that starting from 2024, the next decade will see the construction of a new financial system. By 2025, there will be interoperability between financial systems based on bank accounts and crypto accounts.

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