Ant Chain Yan Ying Bund Summit Talk Web3: The industry has entered a new stage of asset communication

"A highly active digital asset circulation era is coming." On the afternoon of September 5th, at the 2024 Inclusion·Bund Summit Web3 sub-forum, Yan Ying, Chief Scientist of Ant Group, made a judgment that with the gradual maturity and popularization of Web3 technology, physical assets, data, and entities in the physical world will be tokenized and seamlessly integrated with the digital world. Tokenization will make transactions more efficient, accelerate asset circulation, and stimulate new vitality for economic rise.

The typical practice of 'tokenization' is RWA (Real World Assets-tokenization), which is a form of asset ownership where the ownership of assets is traded on-chain in a digital form (token). Compared to the difficulty and trading difficulty of physical asset equity confirmation, RWA can split physical assets into multiple 'on-chain' digital assets, bringing more liquidity to physical assets with the interoperability of the global blockchain network.

Recently, the Hong Kong Monetary Authority has announced an important progress in the first phase of its Ensemble project sandbox, with four tokenization theme cases attracting widespread market attention. Taking new energy charging pile assets as an example, listed company Langxin Technology, with the support of Ant Group and the HKMA Ensemble project, has successfully obtained the first RWA cross-border financing in Hong Kong, with a financing amount of approximately 100 million RMB.

Yan Ying believes that verifying the authenticity of assets and controlling the risks of asset circulation are the two major challenges facing asset securitization, both of which should be solved through technology. She said: "Ultimate performance and security and trustworthiness are the eternal pursuit of web3 technology." Faced with large-scale on-chain asset issuance, technology needs to solidify the foundation of "large-scale issuance" on the one hand, and solve the authenticity challenge of asset "security and trustworthiness" on the other hand.

Based on this, AntChain builds a trusted digital twin technology with blockchain as the core, and a large-scale blockchain open architecture that supports TPS performance of 100,000 transactions, sub-second transaction on-chain time, and PB-level data ledger storage and processing capabilities. In addition, AntChain has built an on-chain/off-chain full trust closed-loop to ensure trust extension with secure and verifiable underlying technologies. It provides efficient, accurate, and comprehensive contract security services through AI-assisted contract auditing tools.