On June 10, 2018, the Blockchain Industry Development Forum organized by Tsinghua University Institute for Data Science, titled “Smart Connections • Linking the World”, was held in Tsinghua University, Beijing. Waltonchain CSO Welson Wong was invited to the forum as a speaker.

Forum Venue

The Blockchain Industry Development Forum organizers invited officials from the Ministry of Industry and Information Technology, blockchain experts and industry application practitioners to hold technical discussions, explore industry-leading technologies, understand industry development trends and share the latest research achievements. The forum aims at promoting better development of the blockchain industry not only in production and research, but in areas such as basic blockchain technology research, blockchain project evaluation, industry incubation, technical training and establishment of industry funds.

Vice President of Tsinghua Institute for Data Science delivering a speech

In his speech, Welson Wong pointed out that the globalization process is accelerating and the future world is a token-based consensus economy. Welson proposed the concept of follower ecosystem strategy for the first time. The development of blockchain projects is a process of constructing a community ecosystem. In the course of social development, the past two or three decades saw the first wave of rapid globalization in collaboration between strangers. The collaboration of community is based on a ambitious dream or a technological innovation of the project, or the “gravitation” of an “idol”, which quickly gathers its followers. Welson sums it up as the first generation of follower economy.

Waltonchain CSO Welson Wong

The second generation is value-based follower economy, representing companies such as Apple, Facebook, Uber, Xiaomi and WeChat, who innovatively put forward their own new values, core technologies and innovative vision. This brand new lifestyle will quickly attract the attention of global followers.

Waltonchain CSO Welson Wong presenting

The third generation of follower economy is based on shared benefits. Nowadays, various sharing economies have emerged where related interests and benefits are shared by the whole society. Using profit as a driving factor, and through the exchange of value, we can quickly convert value to achieve a symbiotic and win-win community collaboration and thus build the community. These three types of economy will greatly promote the development of society.

Blockchain is a combination of these three economies. As President Xi proposed to build a community of human destiny, Welson is the first to state that the development of blockchain will be the construction of a common community with shared future. Blockchain can help users in the community achieve their ideals and values in life, help the community supporters carry out value conversion, and enable more people in the world to participate in the construction of a project or an economy, and contribute their own efforts. In this regard, the audience and relevant leaders expressed a high degree of recognition.

At this industry development forum, we can see people’s attitude toward the development of blockchain: the technology and application of blockchain and development of a better future are favored by everyone. As a global leader in blockchain + IoT, Waltonchain will always uphold the spirit of diligent research and contribute to the development of the blockchain industry.

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