Web3: A Dual Revolution in Technology and Mindset
Publication Time:2024-09-05 14:27:10
In the view of Xiao Gang, former chairman of the China Securities Regulatory Commission and member of the 13th National Committee of the Chinese People's Political Consultative Conference, the rise of Web3 technology is not just a technological revolution but also a significant shift in mindset. This technology opens up new paths for financial services to serve the real economy through decentralized platforms. In the field of fintech, Web3-supported decentralized finance platforms provide global sources of funding for innovative technology companies, enhancing flexibility and capital efficiency for entrepreneurs in fundraising and investment processes. The introduction of smart contract technology automates business logic execution and transaction transparency, effectively reducing operational costs and risks. In green finance, Web3 technology constructs a more transparent and credible carbon footprint tracking and trading system, improving traceability and trust in green finance. At the same time, in the areas of inclusive finance and digital finance, Web3 technology drives overall market development by lowering service thresholds and promoting market digitization. Tokenization of assets and optimization of transaction processes accelerate financial activities and strengthen users' control over digital assets, laying a solid foundation for the deep development of digital finance. Xiao Gang points out that Web3 technology not only changes the way the financial industry operates but, more importantly, it drives a new way of thinking, unleashing the power of innovation and transformation.
Web3
Technological innovation
Smart Contracts
FinTech
Financial Services
Asset Tokenization
Digital Finance
Decentralized Platforms
Mindset Shift
Real Economy
Green Finance
Inclusive Finance
Financial Digitization