Wanchain: 2024, Forge ahead with determination, a hidden dragon in a abyss

Time quietly slips away in the peaceful days, day after day; and during the bustling New Year celebration, it rushes like thunder, reminding you: another year has passed!

Looking back on 2024, the Blockchain industry continued to reform and develop steadily. From the 'Strategic Focus for 2024-2026' released by the Hong Kong SAR Government at the beginning of the year, to the announcement of the launch of a stablecoin issuer 'sandbox' by the Hong Kong Monetary Authority, and 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 advancing towards the peak of Web3.

Meanwhile, mainland China, using Web3 technology and mechanism innovation, as well as the Web3 policy dividends in Hong Kong, fully leverages its own technological talent accumulation and industrial advantages, aiming to strengthen the Shanghai-Hong Kong connectivity cooperation. The Shanghai-Hong Kong Web3.0 Innovation Center has also been established 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 digital assets with high liquidity, guiding global financial resources to flow into domestic physical industries through compliant channels, thereby promoting high-quality and sustainable development of the economy and empowering physical industries.

On the other side of the ocean, the innovation and practice of the Web3 industry are also moving forward. With the results of the new US presidential election, expectations and confidence in easing regulatory policies and vigorously promoting the development of the Web3 industry during their tenure are increasing, which will bring a new round of industry driving force.

At this important node of the era, Wanxiang Blockchain, with its precise business layout and deep industry collaboration, builds a bridge between the real world and the digital world, while continuously strengthening its own business landscape. It also leads many traditional enterprises to steadily enter the Web3 era.

In 2024, after integration and innovation, Wanxiang Block Chain has now formed an enterprise-level solution system with three core pillars: digital twins, digital natives, and innovative convergence. By integrating Block Chain and new generation information technology, it provides customers with digital solutions in the fields of industrial chain supply chain collaboration, Web3 project incubation and technology output, and new energy, promoting the integration and development of the real economy and the digital economy through Block Chain and new generation information technology.

In 2024, Wanxiang Blockchain successively won numerous awards, including the Chinese digital financial unicorn list, the top 100 high-growth software and information technology service companies in Shanghai in 2024, the top 100 innovative and growth-oriented enterprises in Hongkou District in 2023, the key enterprise contribution award in Hongkou District in 2023, the Zhangjiang Star growth-oriented enterprise, the second prize of the 6th Changsanjiang Blockchain Application Innovation Competition 'Digital Chain Valley' Cup in 2024, the top 10 industrial blockchain enterprises in 2024, the gold award of the global digital trade innovation competition in the blockchain and digital finance track in 2024, the innovative value enterprise (team) of the global digital trade innovation competition in 2024, and many other honors in the 'China Supply Chain Finance Yearbook (2023)'.

Digital Twin

In early 2024, a series of national blockchain standards, including 'Guidelines for Blockchain and Distributed Ledger Technology Application Programming Interface Middleware', 'Guidelines for Blockchain and Distributed Ledger Technology General Services for Evidence Preservation', 'Technical Specifications for Smart Contract Lifecycle Management in Blockchain and Distributed Ledger Technology', 'System Testing Specifications for Blockchain and Distributed Ledger Technology', and 'Terminology for Blockchain and Distributed Ledger Technology', in which Wanchain Blockchain participated as a major drafting unit, were officially released on the National Standard Information Public Service Platform. This not only marks an important progress in China's standardization of blockchain technology, but also serves as an important proof that Wanchain Blockchain supports the real economy through technology and solidifies the foundation for industry development.

Looking back on the past year, in the vast world of digital finance, Wanxiang Blockchain, with the Wan Nado Chain Tong platform as an enterprise-level solution, is gradually weaving a smart network that covers the industrial chain, supply chain, and financial services.

In terms of supply chain management, the supply chain information service system of Wanxiang Group, jointly created by Wanxiang Finance Company and Wanxiang Block Chain, has completed a direct connection with Bank of China Zhejiang Branch, bringing more convenient, efficient and safe payment and settlement and financial service experience to upstream and downstream enterprises in the industrial chain. Under the guidance of the collaborative optimization strategy, Wanxiang Block Chain Supply Chain has created a standardized, efficient, integrated and intelligent online procurement mall for Wanxiang Qianchao Supply Chain, which effectively reduces costs and increases efficiency for the procurement process, further optimizes the company's centralized procurement control system, makes the entire procurement process more transparent and risk controllable, and forms a competitive advantage in the supply chain; At the forefront of business innovation of financial institutions, Wanxiang Block Chain takes Wannaduo Chain as the trusted digital base, opens up new areas of digital finance such as factoring and discounting for many banks, creates financing of more than 10 billion, benefits hundreds of financial institutions and core enterprises, accurately drains "financial living water" to tens of thousands of small and medium-sized enterprises, and effectively uses the power of technology to help the development of the real economy.

In addition to the exploration of technical standardization and the practical application, Wanxiang Blockchain also actively exerts the influence of industry pioneers, jointly initiating the "Initiative to Accelerate the Application and Innovation Development of Blockchain Technology in Shanghai's Business Field" with 12 units in November 2024, calling on various market entities to fully utilize Shanghai's urban blockchain infrastructure and actively build international cooperation and domestic communication networks for blockchain technology in the business field. The release of the 'Initiative' is like sowing the seeds of hope on the fertile ground of financial innovation, leading and accelerating its extensive application and sustainable development, and opening a new chapter in the digital economy.

Innovation Aggregation

After crossing the glorious chapter of digital finance, let's take a look at the brilliant new picture drawn by Wanxiang Blockchain with its outstanding innovation in the integration 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'. With its profound insights into the clean energy industry, it has laid a broad and solid path for the digitalization of diverse clean energy assets, greatly expanding its application boundaries and value space.

It is worth mentioning that the distributed energy asset management platform of Wanxiang Blockchain has achieved significant success in 2024, successfully accessing a total of over a hundred megawatts of photovoltaic assets and tens of megawatts of energy storage assets! This milestone breakthrough highlights its profound heritage and forward-looking vision in the field of energy asset management.

The platform has built a highly secure and scalable energy management architecture by deeply integrating blockchain technology with AIoT cloud-edge integration technology, realizing the trusted on-chain of distributed energy asset data and unified and efficient monitoring of multiple assets. This innovative practice not only ensures the authenticity and tamper resistance of data, but also provides a comprehensive and 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.

Native Digital

Looking back at 2024, Wanxiang Blockchain's achievements in the Web3 field are remarkable. 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 annual highlight, with its vast scale and profound impact, has become the focus of the industry's attention. The 2024 Hong Kong Web3 Carnival was held at the Hong Kong Convention and Exhibition Center from April 6th to 9th, lasting for 4 days. The main venue of the convention center hosted 29 themed events, with over 400 industry leaders such as Ethereum co-founder Vitalik Buterin and ARK Invest CEO and CIO Cathie Wood as keynote speakers. With the support of more than 130 popular exhibition projects and over 200 well-known Web3 projects during the 4-day event, it showcased the professionalism and industry relevance of the activities. The event attracted over 30,000 offline attendees, with more than 150 peripheral activities, these numbers are not only the best proof of the event's success but also a direct reflection of Wanxiang Blockchain's influence in the Web3 field.

In the same year, Wanxiang Blockchain Lab successfully held the tenth Global Blockchain Summit at the Shanghai Institute of Innovation and Creative Design, with the theme of "Technology Leads the Future", once again bringing together global industry leaders, experts, scholars, and many sponsors. The summit not only reviewed the brilliant achievements of the past decade, but also looked forward to the unlimited possibilities of blockchain technology in the future. It also focused on the application and challenges of blockchain technology in fields such as energy, finance, and security through in-depth discussions and roundtable dialogues.

In addition, Wanxiang Blockchain has demonstrated profound layout and forward-looking vision in the development of the national blockchain ecosystem and the cooperation between Shanghai and Hong Kong: not only participating in industrial and academic activities to promote and share the latest developments and wide applications of blockchain technology, actively advocating for traditional enterprises to explore innovative development paths, but also joining hands with Qianji Technology at the end of the year to establish the Shanghai-Hong Kong Web3.0 Innovation Center. The establishment of this center is like a solid bridge, connecting enterprises from both sides of the strait and the vast world of the Web3, dedicated to building a convenient channel for enterprises to enter 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 6th to 9th at the Hong Kong Convention and Exhibition Center 5BCDE. You can visit the official website of the 2025 Hong Kong Web3 Carnival for more details. Let's meet at the 2025 Hong Kong Web3 Carnival and continue to witness the infinite brilliance of Blockchain technology in the new era!