Xiao Gang: Web3 is not only a technological innovation, but also a change in mindset
On September 5, Xiao Gang, a member of the 13th National Committee of the Chinese People's Political Consultative Conference and former chairperson of the China Securities Regulatory Commission, delivered a speech at the "Mirror of the Future Web3 Digital Dream Concrete" forum, saying: We focus on the decentralized platform brought by Web3 technology can promote the development of financial services to the real economy. In terms of technology finance, the decentralized financial platform brought by Web3 technology can provide global funding sources for science and technology companies, increasing entrepreneurs' financing, investment flexibility and capital efficiency. Smart contract technology can automate the execution of business logic and transaction transparency, reducing operating costs and risks; in green finance, Web3 technology can help establish a more transparent and credible carbon footprint tracking and trading system. Improve the traceability and trust of green finance. In terms of inclusive finance, Web3 technology can also help lower the threshold of financial services. In terms of digital finance, Web3 technology promotes the digitization of financial marekt, such as the issuance of assets through tokenization of various assets. Transactions are more efficient and flexible, while strengthening users' control over digital assets, providing infrastructure and technical support for the in-depth development of digital finance. Web3 is not only a technological innovation, but also a way of thinking.