On August 28, the "2020 New District Potential Blockchain Technology Finance Summit" was held in Beijing. This summit is co-hosted by Huobi Group, 36kr and Odaily, sponsored by Behelix & HBTC, strategically sponsored by ChainUP, specially sponsored by PayPal Finance, Conflux, BitUniverse, WaykiChain, XnMatrix, Hashi Co-sponsored by Technology, Mixpay, COCOS, and Shanghai Diyi.
Many authoritative experts and professors from financial institutions such as funds, securities, banks, and industry leaders gathered here to share new information on financial technology and explore the future potential of blockchain. (Click to enter the video replay of the summit）
On August 28, the "2020 New District Potential Blockchain Technology Finance Summit" was held in Beijing. This summit is co-hosted by Huobi Group, 36kr and Odaily, sponsored by Behelix & HBTC, strategically sponsored by ChainUP, specially sponsored by PayPal Finance, Conflux, BitUniverse, WaykiChain, XnMatrix, Hashi Co-sponsored by Technology, Mixpay, COCOS, and Shanghai Diyi.
Many authoritative experts and professors from financial institutions such as funds, securities, banks, and industry leaders gathered here to share new information on financial technology and explore the future potential of blockchain. (
Click to enter the video replay of the summit
In the first roundtable discussion in the afternoon, with the theme of "Prospects for Blockchain in the Traditional Financial World", Odaily invited Sheng Wei, Technical Director of Technology Development Center of Suning Financial Technology Division, and Liang Wei, Head of China Telecom's Blockchain R&D , Huang Xiaodong, co-founder of Zhongan Group Zhongqi Anlian, Li Xuhui, deputy general manager of Hainan International Energy Trading Center, Michael Wu, CEO and co-founder of Amber Group, Yang Baixue of China Academy of Information and Communication Research, Sun Sun, researcher of Guosheng Securities Blockchain Research Institute Shuang and HashQuark CMO Dora participated in the discussion. The guests shared their views on the traditional financial world's outlook on blockchain from the perspective of blockchain technology, industry and application implementation.
Sun Shuang, a researcher at Guosheng Securities Blockchain Research Institute, believes that when it comes to the penetration and transformation of blockchain to "traditional" financial services, in terms of payment, the attempt to design "currency" based on the bottom layer of the blockchain may have failed because the price Too much volatility, low acceptance by merchants, and supervision is also a challenge for advancement. At present, the most popular "currency" in the currency circle, USDT, "anchors" the US dollar, and the credit endorsement of fiat currency can be used as proof.
Liang Wei, head of China Telecom's blockchain research and development, said that compared with traditional finance, blockchain has already had many practical cases in various aspects of ABS asset securitization, insurance, factoring, payment and light settlement. From the recent popular DeFi, you can see that DeFi has shown a very strong vitality in the public chain level, stable currency, decentralized transactions, lending and mortgages. Liang Wei believes that DeFi will definitely be combined with real finance in the future Produce stronger chemical reactions.
Sheng Wei, technical director of the Technology Development Center of Suning Financial Technology Division, believes that the focus of blockchain development should be to explore how to combine with the traditional economy and the real economy, and how to apply blockchain technology to people's real life. The focus and attention should not be placed on the price of "nothingness".
Li Xuhui, deputy general manager of Hainan International Energy Trading Center, said that the transformation of blockchain and Internet of Things technology on bulk commodity transactions is reflected in the following three points: First, the Internet of Things technology can monitor goods in real time, enabling warehouse receipt financing and movable asset financing It became possible, and the original post-event tracking became pre-event control, adding a good application and starting point for supply chain finance. Second, blockchain technology makes the uplink data non-tamperable, undeletable, full-process on-chain, and data perspective. This turns physical asset financing into digital financing, increases the cost of financing fraud, and provides supply chain finance. guaranteed. Third, the combination of the Internet of Things technology and the blockchain makes it possible to trace the generated warehouse receipts throughout the bulk commodity transaction.
Yang Baixue of the China Academy of Information and Communications Technology believes that the dominant penetration rate of blockchain for traditional finance is indeed not high. Technology has realized payment in many real economic scenarios, such as clearing and settlement, payment and invoice, and there have been many attempts in these areas.
Dora：Amber Group CEO and co-founder Michael Wu believes that a great significance of blockchain to the real economy lies in the mobilization of resources, helping the real economy to mobilize optimal resources. As a technology, blockchain has its own great advantages, such as openness and lower participation threshold, which can be converted into higher efficiency and lower threshold; secondly, its transparency, all data is It is publicly available on the chain and cannot be tampered with.
secondary titleThe following is the content of the roundtable discussion, organized by Odaily:
Thank you for participating in our discussion. I am Dora from HashQuark. Let me introduce HashQuark first. We, HashQuark, are currently building and operating nodes for many public chains. Our job is to maintain the normal operation of project nodes in blockchain projects, ensure the stability and security of the project network, and provide services according to customer needs. Provide them with infrastructure construction and operation and maintenance. I am very glad that the organizer gave me this opportunity to host this roundtable. First of all, I would like to invite all guests to introduce themselves and the business they are responsible for.
Sun Shuang:Good afternoon, friends, I am from Guosheng Securities Blockchain Research Institute. Guosheng Securities is a traditional securities firm. We mainly serve institutional investors. Our customers are mainly funds, insurance companies, banks, and other institutional investors. We provide them with stock investment advice and connect listed companies with buyers. We are The secondary market in the traditional financial market.
Guosheng is the only traditional securities firm that has established a blockchain research institute among traditional securities firms. Now there are many companies whose main business is blockchain, such as Canaan Technology, Ebang International, Marathon Patent, Riot Blockchain in the US stock market; some main businesses are other businesses and some blockchain businesses, such as Square, Overstock: Recently, Ant Financial announced its prospectus, and AntChain also shined, so we are very concerned about this area. In addition, we are also paying attention to the central bank's digital currency, because the central bank's digital currency may use blockchain technology. In addition to these two fields, we are still looking at opportunities in other tracks. If you have some good business models or opportunities, I hope you will give us your advice.
Sheng Wei:Hello everyone, I am Sheng Wei, Technical Director of Technology Development Center of Suning Financial Technology Division, and I would like to briefly introduce Suning Finance. Suning Finance is positioned as a financial technology company featuring integrated development of all scenarios, focusing on supply chain finance, micro-business finance, consumer finance, payment, wealth management and financial technology output "5+1" core business, its subsidiary Suning Financial Services The valuation reached 56 billion yuan, and it was rated AAA.
Our layout in the blockchain field can be traced back to 2017. Suning Finance has invested R&D personnel and funds in blockchain-related applications since 2017. We have launched blockchain financial order services, including chattel pledge and application Collection of accounts and many other scenarios. After completing these scenarios, we started to build the underlying platform of the blockchain. At the end of 2019, we started to build a cloud service platform for the blockchain. Recently, we have also carried out a series of upgrades to the cloud service platform and launched the SBaaS blockchain cloud The service platform is mainly to empower small and medium-sized enterprises to go on the chain.Liang Wei:
Hello everyone, I am Liang Wei. I am now mainly in charge of China Telecom’s blockchain R&D business. We are doing this business mainly to expand some attempts for traditional operators and traditional businesses. In addition to this, I am also responsible for some related projects in the industry. positions, including a member of the China Association of Science and Technology Workers, a special committee member of the China Computer Federation, and an expert in the digital economy of local governments. I published a book in 2019, "Introduction to Blockchain", which is the only one on the market. Preface issued by the Political Bureau of the Central Committee.Li Xuhui:
Michael Wu：Hello everyone, I am Li Xuhui, deputy general manager of Hainan International Energy Trading Center. We are a trading center jointly established by Shandong Energy (formerly Yankuang Group), Huaneng, State Power Investment and other seven state-owned enterprises and central enterprises. We take advantage of the Dongfeng of Hainan Free Trade Port , aiming to create an international energy trading center. The exchange belongs to a very narrow application field in terms of blockchain business, but commodities are the foundation of the entire industrial economy, and the market volume is very large. We hope to solve financing services for customers and combine blockchain and supply chain finance , I am very glad to be here today to communicate with you, thank you!
Huang Xiaodong:
Hello everyone, I am Huang Xiaodong from Zhongan Group's Zhongan Enterprise Security Chain. Zhongqi Security Chain is a new layout of financial technology under Zhongan Insurance. It is a brand of a wholly-owned subsidiary of ZhongAn Technology. Our positioning is to be an enterprise-level Serve. By combining artificial intelligence, blockchain, big data and other technologies with supply chain scenarios, we will create a cross-border integrated supply chain financial service solution of "finance + scenario + technology". Based on Zhongan's independent intellectual property rights of the blockchain underlying technology and the dual-chain drive of the industrial chain, it provides integrated and comprehensive services such as resource integration, business consulting, financial technology, and joint operations to customers. Thanks!Hello everyone, I am the founder and CEO of Amber Group. I am very happy to exchange directions with all the guests here today. Amber Group is a comprehensive encrypted financial service platform headquartered in Hong Kong serving global users. We have served more than 200 large global companies, funds, and family funds in three years, providing them with asset management, wealth management, transactions, and lending For the financial services of derivatives, our accumulated trading volume so far has exceeded 200 billion U.S. dollars. As of the first half of this year, our fund management scale was around 150 million U.S. dollars.
Dora：The strategic upgrade set by Amber Group this year is in the strategic direction of platformization, productization, and scale. We will also launch our own comprehensive encrypted financial application on the mobile terminal in September. We hope to combine our application with our own Professional background to attract more users to pay attention to the encryption industry and create more long-term value for this industry, thank you!
Yang Baixue:Hello everyone, Yang Baixue from China Academy of Information and Communications Technology, China Academy of Information and Communications Technology is a scientific research and testing unit directly under the Ministry of Industry and Information Technology. And the concept of industrial service, we have been deeply involved in the Internet for a long time, hoping to use blockchain technology to solve some major and urgent problems in the industrial Internet. In the near future, our department mainly focuses on a digital infrastructure for industrial Internet scenarios, with blockchain as the core solution, and large-scale industrial applications on infrastructure. Thank you!
Thank you for your introduction. Everyone here maintains a positive and optimistic attitude towards the application of blockchain and traditional industries. Let’s start the first question of today’s round table. This is a relatively subjective question. Everyone is working on blockchain+ In the process of industrial integration, everyone feels that blockchain technology serves traditional industries. Do you think the time is ripe for blockchain technology to empower the real economy and traditional finance? What is the current penetration rate of blockchain technology in related industries?
Sun Shuang:
I personally think that it is not very mature yet, and the penetration rate is relatively low.
First of all, we need to define "finance". If it is simply and crudely divided into three parts: "payment, financing, and investment".
Then, in terms of payment, the attempt to design "currency" based on the bottom layer of the blockchain may have failed. In daily life, you cannot find too many merchants willing to accept digital currency, because the price of digital currency fluctuates too much. Secondly, it is also very important whether the regulatory authorities can accept digital currency. Take USDT, which is a popular stablecoin in the currency circle, as an example. It claims that it is pegged to the U.S. dollar. Endorsing yourself is still relatively weak. We now see that some countries are exploring the issuance of digital legal currency based on the blockchain, which is another matter. Whether it can be implemented and the effect of the implementation remains to be seen.
In terms of investment, the digital currency market can be compared with the traditional securities market. The same thing is that everyone participates in investment for the purpose of appreciation, whether it is investment or speculation; there are many differences.
First and foremost is the project itself. We can easily find the actual controllers of most of the stocks, but for many blockchain projects, we cannot find, and there is no one who can be responsible.
The second point is that it is difficult for us to predict the future cash flow of digital currency. We can value stocks, for example, using the method of discounting future cash flows, and when it releases quarterly, mid-term, and annual reports, we can update the valuation. But you will find it difficult to value digital currency in this way, because it is difficult for you to predict how its "performance" will grow after that.
The third point is that POW consensus blockchain projects have hardware, and stocks are basically purely digital things that do not require hardware products.Finally, no matter how much the stock rises, it has no direct impact on the customers who use the company's services. However, if the token price of a blockchain project is high, investors are happy to see it, but it will increase the cost of use for developers and users. There is an inherent conflict of interest here.
In terms of financing, according to personal observations, the current financing through the blockchain market is mainly for native projects in the blockchain world, which is different from some previous projects where the main financing subject was industrial.
Sheng Wei:
I think from the perspective of currency, the penetration rate of blockchain in traditional finance is relatively high. Our company pays more attention to how blockchain is applied to the traditional economy and how it can really promote the development of our traditional economy.
In 2017, we began to make a lot of attempts in the implementation of blockchain technology scenarios, such as our sharing of financial risk control data. Our research in this field is relatively advanced in China, including the central bank. positive evaluation. Therefore, I think that if a new technology finds a suitable landing scene and truly recognizes the landing of this scene from top to bottom, then a good result will be produced.The goal of our struggle should be in this direction. When I came to Beijing for a meeting at the beginning of 2018, when the currency circle was in a bear market, the host asked everyone if anyone in the venue really made money or got rich through currency. At that time, too few people raised their hands, and most of them Chinese chives. So I think everyone should focus their time and energy on how to apply blockchain technology to the traditional economy. We should think about how to create more and more financial technology companies such as chip companies and high-tech military companies through blockchain technology. This is a question we should think about.
In other words, the traditional method does not motivate everyone, every boss and every employee. If we can quickly promote China's technological development through the blockchain, I think this kind of penetration is meaningful. Blockchain technology should contribute to the real economy of our country.
Liang Wei:I just want to express two points of view to you. First of all, we have also listened to the sharing of the previous three guests. Some guests talked about the implementation of the blockchain + supply chain finance scene. I will not say more about this. What I want to say is that in terms of the comparison between blockchain and traditional finance, blockchain technology has already had many practical cases in various aspects such as asset securitization, insurance, factoring, payment and light settlement of ABS. No more narrative.
The second point of view is about DeFi. Let’s take a look at the process of DeFi. You can see that DeFi has shown great vitality in public chains, stable coins, decentralized transactions, and mortgage lending. I believe that DeFi will It will definitely combine with real finance to produce a stronger chemical reaction.
Li Xuhui:
In the field of commodity trading that we are familiar with, let me give a real example. A steel market in Hainan was established in 1995. After 25 years of intensive cultivation, version 1.0 is the traditional weighing, paper invoices, etc. Later they upgraded to version 2.0 , adding technologies such as cameras, electronic fences, and surveillance. Two days ago, they took the initiative to find us and wanted to upgrade to version 3.0 and want to go to the chain, so that they can generate new electronic warehouse receipts that are mobile, can be tracked and monitored throughout the process, and can be circulated. This inspired us to monitor goods in real time through the Internet of Things technology. The original warehouse receipts have become chattels, and the original post-event tracking has become pre-event control, adding a good application and starting point.The second point, we say that blockchain technology cannot be tampered with, and the data is fully transparent, which turns physical assets into digital financing and provides a guarantee for our supply chain financial services.
The third point is that the combination of IoT technology and blockchain allows us to trace which warehouse receipts we have generated throughout the process. Behind foreign exchanges such as LME, there are originally industrial alliances, relying on the reputation of many alliance companies for centuries. In China, we have added technical means such as blockchain, which can digitize warehouse receipts into high-credit warehouse receipts, provide 24-hour monitoring, and anchor to corresponding physical assets. Buyers, sellers, warehouses, regulators, including trading platforms With real-time monitoring, we can conduct warehouse receipt financing through banks, and accelerate the circulation, payment and financing of blockchain warehouse receipts, increasing the transaction volume of trading platforms. We hope to strengthen cooperation with financial institutions and certification agencies in this regard, which is the direction for major exchanges to serve the real economy.
Huang Xiaodong:
Michael Wu：Going back to the host's question at the beginning, we first talked about the maturity and penetration rate of blockchain to traditional finance. Our company, Anchain, has been committed to the application of blockchain in supply chain finance. From our observations, the current use of blockchain in traditional financial scenarios has not yet reached a certain level of maturity, but the penetration rate is gradually increasing. Judging from the customers we serve, everyone still recognizes the value of blockchain technology in supply chain finance.
Why the maturity has not met everyone’s expectations? We think there are two main points: Most financial institutions still do some thinking and business docking with the traditional thinking mode and perspective, and have not combined the blockchain technology in the scene. The changes are reflected in its own products and risk control strategies.
On the other hand, from the perspective of the overall supervision, some new policies have been introduced recently, but the detailed systems and policies that can really fall into the vertical industry are not very clear. The customers we have contacted are in the process of business landing. In addition to following the traditional compliance requirements when implementing blockchain-related technologies, there are other points that need to be paid attention to in terms of blockchain.
I just listened to the sharing of several guests and I was very moved. I think the sharing is very good. Can finance return to the real economy? How can finance serve the real economy? How can foreign exchange and other derivatives help the development of our real economy and industrial society? , I think this answer makes sense.I think that a great significance of the blockchain to the real economy lies in the mobilization of resources, helping the real economy to mobilize optimal resources. As a new technology, blockchain has its own great advantages, such as its openness, which has a lower threshold for participation and a more open degree of participation, which brings more sufficient competition, which in turn translates into Higher efficiency and lower cost will ultimately benefit the end users and investors.
Secondly, the significance of blockchain to traditional finance is reflected in its transparency. A word that is repeatedly mentioned in the traditional financial field is "risk". Many risks in traditional finance are sometimes placed behind. Encrypted finance is very different from traditional finance in that it is global and innovative. Encrypted finance is a 24/7 production technology that allows global participants to participate in the innovation of financial solutions. However, the development of cryptocurrency is still in a very early stage, and the degree of penetration of blockchain technology into traditional finance is also controversial, but I think that due to the superiority of blockchain technology itself, more and more people will Talents and more and more excellent companies are participating in this industry. I believe that this technology can be well applied in the end. We are still very optimistic about blockchain technology and the encrypted financial industry in the long run.
Dora：Yang Baixue:
Hello everyone, first of all, let me answer the question of the host first. The host asked how the penetration of blockchain into traditional finance is. First of all, I feel that the explicit penetration rate is already very low, but according to the development law of a new thing , Sometimes the penetration rate at a certain stage cannot truthfully reflect the degree of integration of blockchain and traditional finance. I remember that the reason for the sharp rise of Bitcoin was because of an anti-currency crisis in the country, and the legal currency of this country suddenly began to collect deposit taxes. , a staged event, which caused the public to panic about fiat currency, and also led to a round of Bitcoin’s surge, and then made many financial industries pay attention to this policy. This is not the perspective of the traditional financial industry. In recent years, especially in 2019, our country has begun to attach importance to the combination of blockchain and traditional finance. First of all, the field of supply chain finance is blooming everywhere. There is also a very typical case-blockchain electronic invoice, which can be described as a blockbuster project. , and our central bank's digital currency DCEP project.Blockchain, as a new technology born less than ten years ago, has realized payment in many real economic scenarios, such as clearing and settlement, payment and invoices. There have been many attempts in these areas. I think blockchain as As a new technology, the penetration rate of blockchain into traditional finance is gradually increasing. At present, the penetration rate is quite fast, but it will take a period of time before we can clearly see its penetration rate.
Our next question would like to be specific to the representatives of the three companies. (Suning, Telecom, Zhongan) What are the major difficulties you encountered in the process of promoting the implementation of blockchain technology? How is the overall process in terms of market acceptance in the supporting industries? Can you tell us about any major progress?
Sheng Wei:
We started to implement blockchain-related scenarios in 2017. At the beginning, we couldn’t find any scenarios. Without blockchain, we were running very well and making good profits. That’s why we faced dozens of businesses like Suning. In the business department of the system, everyone is not motivated to use the blockchain. Everyone thinks that I can do well without it. Later, we used the blockchain financial blacklist as an entry point for the layout of the blockchain. Why?Because the cost of the data (including external data) used by Suning Finance every year has reached millions or even tens of millions of costs, so starting from this, we hope to cooperate with some financial institutions to share the financial risk list. Then go to reduce the cost of data. So we took this as an entry point, and we did the entire sharing of financial data in this area. Later, we found some new landing scenarios, such as movable property pledge financing, accounts receivable financing, etc.
After we made ten landing scenarios, we found that the maintenance cost of the blockchain is actually quite high. An upgrade of a smart contract may require more than a dozen organizations to upgrade at the same time. We found that the maintenance cost of blockchain technology is relatively high. High, so later we developed a blockchain cloud service platform, so that some companies without basic research and development capabilities can build nodes on our cloud service platform, which greatly reduces the threshold for the implementation of blockchain technology. We Hundreds of nodes can be deployed in one minute.Liang Wei:
We have actually done a lot of blockchain-based projects. For example, we have transformed the existing bidding process based on the blockchain. We have made bills based on the blockchain. To eliminate roaming disputes between operators in different countries, we have also done upgrades and production based on the blockchain to better manage digital assets. We have done a lot of landing projects. Simply put, what is my biggest feeling in this process? When we actually land a project, it is very painful to think about how to make more transformations and adaptations to traditional information systems, because it is impossible to subvert the original information when you embed blockchain technology System, you must enhance and enhance the existing information system. You have to have a debugging process and docking process for the existing information base. The degree of debugging and docking is difficult to grasp.
Dora：Huang Xiaodong:
We have formed a blockchain team since 2015 to explore the deep integration of blockchain technology and industrial innovation. We have submitted a total of 143 blockchain-related patents, 112 blockchain patents are publicly available, and 11 have been authorized. Blockchain technology patents rank 6th in the world. At the same time, it also participated in the formulation of a series of international standards and national standards for blockchain technology, and jointly established the Zhongan-Fudan Blockchain and Information Security Joint Laboratory with Fudan University.At present, the main scenario for the Zhongan blockchain to be implemented is our Zhongan Enterprise Security Chain, which focuses on the industry-finance empowerment connector on the industrial chain. In this process, the biggest challenge encountered is industrial support. The premise of the chain is digitalization, and the digital transformation of the industrial chain is the foundation. At present, this is still in a development period. Some of our partners have pre-planned for the implementation of blockchain projects, and their own basic digitalization is better. For example, the Hainan International Energy Trading Center has completed the transaction in the early stage of the establishment of the trading center. For the digital construction of various systems related to the center, when we cooperate to promote the blockchain-based supply chain financial platform, we only need to sort out business processes and connect at the system level, without paying too much attention to the underlying digital transformation. Of course, we also have some partners whose underlying business systems are relatively traditional, but through our cooperation, we have also promoted the digital transformation of customers’ underlying business scenarios to a certain extent, so we feel that we are doing something very valuable. To help our customers and help the industry chain improve the digitalization process.
Due to the limited time, each of us would like to use one or a few sentences to summarize the prospect of traditional finance for the blockchain. You can talk about your views from the perspectives of industry, blockchain technology, or application scenarios. I think the future will show a three-dimensional integration of traditional financial institutions, financial technology companies and blockchain technology service providers. As a blockchain infrastructure provider, HashQuark will actively explore the path of empowering the industry. Let's also listen to the summary of the last sentence of the guests.
Sun Shuang:
The financial and technological attributes of the blockchain are still very attractive. In the short term, the blockchain is still a good marketing tool, suitable for traffic entry.
In terms of scenarios, the blockchain is more suitable for fields that have not yet been digitized but are about to be marketized and fields that need to be improved, such as electronic invoices and judicial deposit. Manufacturers can use the blockchain to break the original monopoly, which is an opportunity to reshuffle.However, I personally think that from the perspective of implementation, the blockchain is not suitable for taking on roles outside the capital market, and it is not suitable for direct connection with the real economy, because it is difficult to achieve the consistency of data on and off the chain.
Therefore, I personally think that blockchain is still very attractive as a technology, but there are still some obstacles in its application, so I will keep paying attention and be cautiously optimistic.Sheng Wei:
I just listened to the previous guests and hosts share how to apply blockchain technology to the development of social economy. I think we are still living in a very lucky era, because what we do now has indeed changed to a certain extent A certain way of organizing society really promotes the progress of society to some extent. Finally, all audiences are welcome to pay attention to Suning Finance. We are willing to cooperate with you to truly develop the blockchain industry.Liang Wei:
Blockchain technology must be integrated with 5G, Internet of Things and artificial intelligence information to better promote the development of the digital economy.
Li Xuhui:At present, in terms of blockchain, we have cooperated with various enterprises Anchain. Through their comprehensive professional services in the field of blockchain and supply chain finance, we have joined forces to build a smart supply chain ecology for Hainan's characteristic commodities. Empower supply chain member companies to improve the overall operation efficiency of the supply chain.
Michael Wu：We, Hainan International Energy Trading Center, hope to explore together with like-minded friends in the industry how to apply blockchain technology, Internet technology, cloud storage and cloud supervision in the field of commodity trading, which is of great significance to changing the format of commodity trading .
Huang Xiaodong:The blockchain is not a myth, but I also hope that everyone will not demonize the blockchain, and the public enterprise security chain will continue to practice the blockchain to serve the real economy.
Dora：I think any new technology will experience a critical point of acceleration from zero to widespread application. The blockchain and encryption industry is far from this critical point. Developers and practitioners participating in this industry can still enjoy it. For the early dividends, we, Amber, hope to move towards a vibrant blockchain industry with everyone with such a vision.
