Article Source: Wanxiang Blockchain
Time quietly slips away in the peaceful days, while it surges like thunder during the city's festive celebrations, reminding you: Another year has passed!
Looking back at 2024, the blockchain industry continues to innovate and develop steadily. From the strategy focus released by the Hong Kong SAR government at the beginning of the year (2024 to 2026), to the Hong Kong Monetary Authority announcing the launch of the stablecoin issuer 'sandbox', and then to the official listing of 6 cryptocurrency spot ETFs on the Hong Kong Stock Exchange, Hong Kong, as the vanguard of China's Web3, is steadily moving towards the peak of Web3.
Meanwhile, mainland China is utilizing Web3 technology and mechanism innovation, as well as the policy dividends of Hong Kong Web3, to fully leverage its technical talent accumulation and industrial advantages. The Shanghai-Hong Kong Web3.0 Innovation Center, aimed at strengthening Shanghai-Hong Kong interconnected cooperation, 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 digitally efficient circulating assets, guiding global financial resources through compliant channels to domestic physical industries, thereby promoting high-quality and sustainable economic development and empowering the physical industry.
Across the ocean, the Web3 industry's innovation and practice are also relentless. With the results of the new U.S. presidential election announced, expectations and confidence are growing that regulatory policies will be relaxed during the term, greatly promoting the development of the Web3 industry, which will bring about a new wave of industry momentum.
At this important node of change in the era, Wanxiang Blockchain, with its precise business layout and deep industry collaboration, has built 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 formed an enterprise-level solution system with digital twin, digital native, and innovation gathering energy as three core pillars. Through the integrated application of blockchain and new generation information technology, it provides digital solutions for clients in areas such as supply chain collaboration, Web3 project incubation and technology output, and new energy, promoting the integrated development of the real economy and digital economy with blockchain and new generation information technology.
In 2024, Wanxiang Blockchain successively received numerous honors including China's Digital Finance Unicorn List, 2024 Shanghai Software and Information Technology Service Industry High-Growth 100, 2023 Hongkou District Top 100 Sci-Tech Innovation and Growth Enterprises, 2023 Hongkou District Key Enterprise Contribution Award, Zhangjiang Star Growth Enterprise, 2024 'Digital Communication Valley' Cup Sixth Yangtze River Delta Blockchain Application Innovation Competition Innovation Project Award (Second Prize), 2024 Top 10 Industrial Blockchain Enterprises, 2024 Global Digital Trade Innovation Competition Blockchain and Digital Finance Track Gold Award, 2024 Global Digital Trade Innovation Competition Innovative Value Enterprise (Team), (China Supply Chain Finance Yearbook (2023)), and many other accolades.
Digital Twin
At the beginning of 2024, Wanxiang Blockchain participated as a major drafting unit in a series of national blockchain standards officially released on the National Standard Information Public Service Platform, such as 'Blockchain and Distributed Ledger Technology Application Programming Interface Middleware Technical Guidelines', 'Blockchain and Distributed Ledger Technology Certificate 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 China's blockchain technology standardization construction but also serves as important evidence 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, with the Wanaduo Chain通 platform as a trusted digital underlying solution for enterprises, is gradually weaving a smart network that covers the industrial chain, supply chain, and financial services.
In supply chain management, the Wanxiang Group Supply Chain Information Service System jointly built by Wanxiang Financial Company and Wanxiang Blockchain has completed system direct connection with the Zhejiang Branch of Bank of China, bringing a more convenient, efficient, and secure payment settlement and financial service experience for upstream and downstream enterprises in the industrial chain. Under the guidance of collaborative optimization strategy, Wanxiang Blockchain Supply Chain has built a standardized, efficient, integrated, and intelligent online procurement mall for Wanxiang Qianchao Supply Chain, effectively reducing costs and increasing efficiency in the procurement process while further optimizing the company's centralized procurement control system, making the entire procurement process more transparent and risk-controllable, forming a competitive advantage in the supply chain. At the forefront of financial institution business innovation, Wanxiang Blockchain, with Wanaduo Chain通 as a trusted digital base, has opened up new fields of digital finance such as factoring and discounting for several banks, creating financing amounts exceeding 10 billion, benefiting hundreds of financial institutions and core enterprises, accurately directing 'financial liquidity' to tens of thousands of small and medium-sized enterprises, effectively utilizing the power of technology to assist the development of the real economy.
In addition to the exploration of technological standardization and the implementation of practical applications, Wanxiang Blockchain is also actively exercising its appeal as an industry pioneer. In November 2024, it jointly initiated the 'Proposal to Accelerate the Application and Innovative Development of Blockchain Technology in Shanghai's Business Sector' with 12 units, calling on various market entities to fully utilize Shanghai's urban blockchain infrastructure and actively build an international cooperation and domestic communication network for blockchain technology in the business sector. The release of this proposal is like sowing seeds of hope on the fertile ground of financial innovation, leading and accelerating its widespread application and sustainable development, opening a new chapter in the digital economy.
Innovation Gathering Energy
After crossing the glorious chapters of digital finance, let's take a look at the brilliant new picture that Wanxiang Blockchain has drawn with its outstanding innovation in the integration application of energy and blockchain!
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 of diversified clean energy assets, greatly expanding its application boundaries and value space.
It is particularly worth mentioning that Wanxiang Blockchain's distributed energy asset management platform achieved remarkable results in 2024, successfully connecting over 100 megawatts of photovoltaic assets and dozens of megawatts of energy storage assets! This milestone breakthrough demonstrates its deep foundation and forward-looking vision in the field of energy asset management.
The platform has constructed a highly secure and scalable energy management architecture through the deep integration of blockchain technology and AIoT cloud-edge-end integrated technology, achieving trusted on-chain data of distributed energy assets and unified efficient monitoring of diversified assets. This innovative practice not only ensures the authenticity and immutability of data but also provides an all-around, intelligent management solution for the sustainable development of the green energy industry, leading the digitalization of energy towards a more efficient, transparent, and trustworthy future.
Digital Native
Looking back at 2024, Wanxiang Blockchain has made remarkable achievements in the Web3 field. Through a series of high-quality activities, it 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 annual highlight, became the focus of the industry due to its massive scale and far-reaching impact. The 2024 Hong Kong Web3 Carnival was held from April 6 to 9 at the Hong Kong Convention and Exhibition Centre, lasting for 4 days. The main venue hosted 29 thematic activities, with over 400 industry leaders such as Ethereum co-founder Vitalik Buterin and ARK Invest CEO and CIO Cathie Wood serving as speakers. During the 4-day event, the support of over 130 popular exhibiting projects and more than 200 well-known Web3 projects highlighted the professionalism and industry nature of the event. The event attracted over 30,000 offline participants, with more than 150 surrounding activities. These figures not only serve as the best proof of the event's success but also provide a direct reflection of 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 Design Research Institute, themed 'Innovation from Technology', gathering global industry leaders, experts, scholars, and several sponsors once again. The summit not only reviewed the brilliant achievements of the past ten years but also looked forward to the infinite possibilities of blockchain technology in the future, focusing on applications and challenges in energy, finance, security, and other fields through in-depth discussions and roundtable dialogues.
In addition, Wanxiang Blockchain has shown profound layout and forward-looking vision in the development of the national blockchain ecosystem and Shanghai-Hong Kong cooperation: not only participating in industry and academic activities to preach and share the latest developments and wide applications of blockchain technology but also actively calling on traditional enterprises to bravely explore innovative development paths. At the end of the year, it joined hands 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 strait and three regions with the vast world of Web3, dedicated to building a convenient passage for enterprises to the Web3 era.
The New Year's bell is about to ring, and 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 Centre 5BCDE. You can visit the official website of the 2025 Hong Kong Web3 Carnival to learn more about the event details. Let's meet at the 2025 Hong Kong Web3 Carnival to continue witnessing the infinite brilliance of blockchain technology in the new era!