Standing at a new historical beginning, the entire industry is hand in hand moving towards a more open, interconnected, and efficient future.

On October 23, 2025, the 11th Global Blockchain Summit, hosted by Wanxiang Blockchain Lab, grandly opened at the Hyatt on the Bund in Shanghai. This summit, themed "Web3, Boundless," gathered representatives from global regulatory agencies, industry leaders, and innovative forces to explore the cutting-edge trends of Web3 technology, ecological construction, and the deep integration of industries. The venue was filled with distinguished guests, and the atmosphere of communication was lively, marking the beginning of a collision of ideas and industry innovation.

During the opening session, Xiao Feng, Vice Chairman and Executive Director of Wanxiang Holdings, Chairman of Wanxiang Blockchain, and Chairman and CEO of HashKey Group, delivered a welcome speech. He pointed out that the main line of blockchain technology development is shifting from early technological exploration and grassroots innovation to large-scale application landing and standardized development. Looking to the future, he called for the co-construction of standards and rules to promote blockchain's steady growth into an indispensable new generation of infrastructure for the global financial system, and he hopes this summit will gather valuable insights to inspire new industry value.

It is worth mentioning that the Hyatt on the Bund, where this summit is held, is the very place where the first Global Blockchain Summit took off eleven years ago. This arrangement not only symbolizes the return and inheritance of industry development but also witnesses the journey of blockchain technology from conceptual germination to ecological prosperity. Since its first event in 2015, Wanxiang Blockchain Lab has been meeting with the global industry in Shanghai every autumn, continuously promoting breakthroughs in blockchain technology innovation and industry landing. Additionally, the opening video, inspired by the phrase "The bright moon rises over the sea, and we share this moment across the miles," connected the thematic changes of previous summits, paying tribute to eleven years of persistence and accumulation while conveying a shared vision of open collaboration and co-creating a boundless future.

In a compact one-day agenda, the summit featured multiple keynote speeches and roundtable discussions, focusing on hot topics such as blockchain technology, payments, and artificial intelligence. Experts, scholars, and corporate representatives from around the world engaged in deep dialogues, sharing practical cases and industry insights to jointly outline diverse paths for the future development of Web3.

As the topics deepened, the sparks of thought ignited both inside and outside the venue, injecting new vitality and imagination into the entire Web3 industry. This summit not only serves as an important witness to the past journey but also becomes a significant starting point for moving towards the next stage of development. The industry consensus it gathers is expected to further promote technological innovation, ecological expansion, and cross-border integration, helping the industry achieve leapfrog development.

Standing at a new historical beginning, the entire industry is hand in hand moving towards a more open, interconnected, and efficient future. Web3 is boundless, not only in terms of technology but also in the boundless integration of ideas, resources, and visions. With the shared expectations of all participants, this grand picture concerning the future is gradually unfolding along the Huangpu River in Shanghai during autumn.

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