Article source: Wanxiang Blockchain
Time quietly slips away in the peaceful days, while it rushes like thunder amidst the city's joyous welcoming of the New Year, reminding you: another year has passed!
Looking back at 2024, the blockchain industry continues to innovate and develop steadily. From the strategy priorities announced by the Hong Kong SAR government at the beginning of the year (2024-2026), to the Hong Kong Monetary Authority's announcement of the launch of a stablecoin issuer 'sandbox', and the formal listing of six crypto asset spot ETFs on the Hong Kong Stock Exchange, Hong Kong, as China's leader in Web3, is steadily making its way to the pinnacle of Web3.
At the same time, mainland China, leveraging Web3 technology and mechanism innovation, as well as the policy dividends of Hong Kong Web3, fully utilizes its technical talent accumulation and industrial advantages. The Shanghai-Hong Kong Web3.0 Innovation Center, aimed at strengthening cooperation between Shanghai and Hong Kong, has also landed in Shanghai; the application and exploration of RWA (Real World Assets) in various types of physical assets are gradually unfolding. Through blockchain technology, physical assets are transformed into highly liquid digital assets, guiding global financial resources to flow to domestic real industries through compliant channels, thereby promoting high-quality sustainable economic development and empowering the real industry.
On the other side of the ocean, the innovation and practice of the Web3 industry are also progressing steadily. With the results of the new U.S. presidential election announced, the expectations and confidence in the relaxation of regulatory policies during the president's term and the promotion of the Web3 industry are steadily rising, bringing a new wave of industry momentum.
At this important juncture of change in the era, Wanxiang Blockchain, with its precise business layout and deep industry collaboration, builds a bridge between the real and digital worlds, continuously strengthening its business map while leading many traditional enterprises steadily into the Web3 era.
In 2024, after integration and innovation, Wanxiang Blockchain has now formed a corporate-level solution system centered on three core pillars: digital twin, digital native, and innovative energy gathering. Through the integrated application of blockchain and new generation information technology, it provides digital solutions for clients in the fields of industrial chain supply chain collaboration, Web3 project incubation and technology output, and new energy, promoting the integrated development of the real economy and digital economy through blockchain and new generation information technology.
In 2024, Wanxiang Blockchain has successively received numerous honors, including being listed on the China Digital Finance Unicorn List, the 2024 Shanghai Software and Information Technology Service Industry High-Growth Hundred, the 2023 Hongkou District Top 100 Science and Technology Innovation and Growth Enterprises, the 2023 Hongkou District Key Enterprise Contribution Award, the Zhangjiang Star Growth Enterprise, the second prize of the 2024 'Data Communication Chain Valley' Cup Sixth Yangtze River Delta Blockchain Application Innovation Competition, the top 10 industrial blockchain enterprises in 2024, the gold award in the blockchain and digital finance track of the 2024 Global Digital Trade Innovation Competition, the innovative value enterprise (team) of the 2024 Global Digital Trade Innovation Competition, and several other honors.
Digital Twin
At the beginning of 2024, Wanxiang Blockchain, as a major drafting unit, participated in the official release of a series of national blockchain standards on the National Standard Information Public Service Platform, including 'Blockchain and Distributed Ledger Technology Application Programming Interface Middleware Technology Guidelines', 'Blockchain and Distributed Ledger Technology Proof General Service Guidelines', 'Blockchain and Distributed Ledger Technology Smart Contract Lifecycle Management Technical Specifications', 'Blockchain and Distributed Ledger Technology System Testing Specifications', and 'Blockchain and Distributed Ledger Technology Terminology'. This not only marks an important progress in the standardization of blockchain technology in our country but also serves as important proof of Wanxiang Blockchain's support for the real economy through technology, solidifying the foundation for industry development.
Looking back over the past year, in the vast realm of digital finance, Wanxiang Blockchain is gradually weaving a smart network covering the industrial chain, supply chain, and financial services, using the Wanaduo Chain Tong platform as a trusted digital underlying solution for enterprises.
In supply chain management, the Wanxiang Group Supply Chain Information Service System, jointly created by Wanxiang Financial Company and Wanxiang Blockchain, has completed direct connections with the Zhejiang Branch of Bank of China, bringing a more convenient, efficient, and secure payment settlement and financial service experience to upstream and downstream enterprises in the industrial chain. Under the guidance of collaborative optimization strategies, the Wanxiang Blockchain supply chain has built a standardized, efficient, integrated, and intelligent online procurement mall for Wanxiang Qianchao's supply chain, effectively reducing costs and increasing efficiency in the procurement process while further optimizing the company's centralized procurement management system, making the entire procurement process more transparent and risk-controllable, forming competitive advantages in the supply chain. At the forefront of business innovation in financial institutions, Wanxiang Blockchain uses Wanaduo Chain Tong as a trusted digital foundation to open up new digital finance fields such as factoring and discounting for several banks, creating a financing amount exceeding 10 billion, benefiting hundreds of financial institutions and core enterprises, accurately channeling 'financial vitality' to tens of thousands of small and medium-sized enterprises, and effectively using technology to help the development of the real economy.
In addition to exploring and applying technical standardization practices, Wanxiang Blockchain also actively plays the role of an industry pioneer. In November 2024, it jointly initiated the 'Accelerating the Application and Innovative Development of Blockchain Technology in Shanghai's Business Sector' initiative with 12 organizations, calling on various market entities to fully utilize Shanghai's urban blockchain infrastructure and actively build an international cooperation and domestic exchange network for blockchain technology in the business sector. The release of this initiative is like planting seeds of hope in the fertile ground of financial innovation, leading and accelerating its widespread application and sustainable development, opening a new chapter in the digital economy.
Innovative Energy Gathering
After crossing the brilliant chapter of digital finance, let us take a look at how Wanxiang Blockchain, with its outstanding innovation, has painted a brilliant new picture in the field of energy and blockchain integration applications!
Since adjusting its strategic direction, Wanxiang Blockchain has focused on cutting-edge application scenarios such as 'source-network-load-storage' and 'dynamic intelligent control', leveraging its profound insights into the clean energy industry to pave a broad and solid road for the digitalization process of diverse clean energy assets, greatly expanding its application boundaries and value space.
It is especially worth mentioning that Wanxiang Blockchain's distributed energy asset management platform achieved significant results in 2024, successfully connecting over a hundred megawatts of photovoltaic assets and tens of megawatts of energy storage assets! This milestone breakthrough highlights its profound foundation and forward-looking vision in the field of energy asset management.
This platform has constructed a highly secure and scalable energy management architecture by deeply integrating blockchain technology with AIoT cloud-edge-end integrated technology, realizing trustworthy on-chain data for distributed energy assets and unified, efficient monitoring of diverse assets. This innovative practice not only ensures the authenticity and immutability of data but also provides comprehensive and intelligent management solutions for the sustainable development of the green energy industry, leading the digitalization of energy toward a more efficient, transparent, and trustworthy future.
Digital Native
Looking back at 2024, Wanxiang Blockchain has achieved remarkable results in the Web3 field. Through a series of high-quality activities, it has not only consolidated its leading position in the blockchain industry but also injected strong momentum into the global development of Web3. Among them, the 2024 Hong Kong Web3 Carnival, as the highlight of the year, became the focus of the industry with its large scale and far-reaching impact. The 2024 Hong Kong Web3 Carnival will be held from April 6 to 9 at the Hong Kong Convention and Exhibition Centre, lasting for four days, with 29 themed events held at the main venue. Over 400 industry leaders, including Ethereum co-founder Vitalik Buterin and ARK Invest CEO and CIO Cathie Wood, served as speakers. During the four-day event, more than 130 popular exhibiting projects and over 200 well-known Web3 projects provided strong support, showcasing the professionalism and industry nature of the event. The event attracted more than 30,000 offline attendees, with over 150 surrounding activities, and these numbers not only serve as the best proof of the event's success but also reflect Wanxiang Blockchain's influence in the Web3 field.
In the same year, Wanxiang Blockchain Lab successfully held the 10th Global Blockchain Summit at the Shanghai Innovation and Creative Design Research Institute, themed 'Technology Forward'. This event once again gathered global industry leaders, experts, and numerous sponsors. The summit not only reviewed the brilliant achievements of the past decade and looked forward to the infinite possibilities of blockchain technology in the future but also focused on the applications and challenges of blockchain technology in energy, finance, security, and other fields through in-depth discussions and roundtable dialogues.
In addition, Wanxiang Blockchain has demonstrated profound layouts and forward-looking vision in the development of the national blockchain ecosystem and the cooperation between Shanghai and Hong Kong: not only participating in industry and academic activities to spread the word, sharing the latest developments and widespread applications of blockchain technology, but also actively calling on traditional enterprises to boldly explore innovative development paths. At the end of the year, it partnered with Qianji Technology to jointly establish the Shanghai-Hong Kong Web3.0 Innovation Center. The establishment of this center serves as a solid bridge connecting enterprises across the two sides and the vast world of Web3, dedicated to building a convenient passage for enterprises to enter the Web3 era.
As the New Year approaches, the Web3 process is accelerating! The 2025 Hong Kong Web3 Carnival will also be held from April 6 to 9 at the Hong Kong Convention and Exhibition Center 5BCDE. You can visit the official website of the 2025 Hong Kong Web3 Carnival to learn more about the event details. Let us meet at the 2025 Hong Kong Web3 Carnival to continue witnessing the infinite brilliance of blockchain technology in the new era!