Wanxiang Global Blockchain Summit Successfully Held in Shanghai

SHANGHAI, Sep 30, 2019 - (ACN Newswire) - The 5th Global Blockchain Summit, organized by Wanxiang Blockchain Labs, took place on Sept 17 & 18 at W Shanghai - The Bund. Since 2015, Wanxiang Blockchain Summit has been widely recognized as one of the most influential blockchain events of the year.

Wanxiang Blockchain Week

The presence of vanguards and industry leaders from across the globe in Shanghai made the summit something. Hot topics such as adoption challenges, privacy, scalability, blockchain innovation and more took center stage as experts and pioneers gave voice to the new developments and innovations occurring around the globe.

This year, it was expanded to Shanghai International Blockchain Week 2019, which included two more segments: Wanxiang Blockchain Hackathon and Demo Day.

Wanxiang Blockchain Hackathon 2019

Over 120 participants joined the hackathon on the first day and 28 teams were formed, varying in member size, with themes to choose. With a specific focus of "blockchain and the automotive industry", competitors spent 26 hours creating projects from zero to one. Finally, six teams won the grand prizes offered by Wanxiang Blockchain Labs and one team won the special $10,000 prize offered by Qtum. The one winning team also went on stage the next day for Demo Day, demonstrating their project before one thousand people.

As the first chapter of Shanghai International Blockchain Week, Wanxiang Blockchain Hackathon served as an open platform where developers were able to make the best of their creativity and imagination. It also provided an opportunity for enterprises to understand the possibility of combining blockchain technology with their own businesses. It is also the underlying goal of Wanxiang Blockchain Hackathon to enable more blockchain solutions for real-world issues.

Demo Day

With the rapid developments in the industry, we have seen blockchain technology and its applications changing the way we conduct business and participate in social processes. On Demo Day, 18 blockchain-oriented startups and projects, including bloXroute Labs, CovenantSQL, Beosin-Blockchain, KeyShard, dRoute, Chainlink, Banquanjia, zkPoD, dfuse, MYKEY, Tassat, aitos.io, AlphaWallet, PCHAIN, Taraxa, KILT, SKALE Labs, Lightnet, with their respective fields of application, presented their progress and development to industry participants, offering a unique opportunity for attendees to understand the promise and potential value of blockchain technology.

At the end of Demo Day, HAO Yukun, Executive of New Chainbase, introduced New Chainbase to all attendees. New Chainbase, part of Wanxiang Blockchain, is a blockchain-featured innovation platform for FinTech startups, providing guidance and support with open work spaces, technology planning, industry salons, roadshows, financing services, start-up trainings and related services.

The 5th Global Blockchain Summit

This year marks the beginning of a new decade for blockchain, and explains how the summit was presented around the theme 'New Decade, New Beginning', and tried to explore new trends for blockchain technology in the decade ahead. Over 1200 people joined the summit and more than 50 vanguards and industry leaders attended, including Vitalik Buterin, Founder of Ethereum, Gavin Wood, Founder of Polkadot, Jae Kwon, Founder of Cosmos, Dawn Song, Professor at UC Berkeley & Founder and CEO of Oasis Labs. Topics and focus included Libra, blockchain and financial infrastructure, DeFi, investment trends, distributed business, staking economy and more.

In addition, Wanxiang Blockchain announced a strategic partnership with Karma Automotive at the summit. Vincent Wang, CIO of Wanxiang Innova City, shared his views on how blockchain is helping to shape the next generation smart city. He also explained how Wanxiang Innova City is an enabling ecosystem open to all projects and enterprises, and why it should be built by different collaborators.

Wanxiang Blockchain Summit is also an open platform where industry players are able to exchange their ideas and discuss how to promote the development of blockchain. Blockchain is an open community, noted Dr. Feng Xiao, President and CEO of Wanxiang Blockchain in his closing speech, and a self-organization and an activity in which everyone can participate. "It is such an honor to bring so many industry partners together to promote the development of blockchain technology."

History of Wanxiang Blockchain Summit

- October 2015: The 1st Global Blockchain Summit, with over 300 participants.- September 2016: Shanghai International Blockchain Week 2016, including Devcon2 and 2nd Global Blockchain Summit, with over 700 participants.- September 2017: The 3rd Global Blockchain Summit, with over 1200 participants.- September 2018: Shanghai International Blockchain Week 2018, composed of Wanxiang Blockchain Hackathon Shanghai, Tech Open Day, 4th Global Blockchain Summit, with over 2000 participants.

Media contact:ZHANG RongfangWanxiang Blockchain LabsU: http://www.blockchainlabs.orgE: zhangrongfang@wxblockchain.com

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