Chu Xiahu, CEO of Weiyou: The development of blockchain should start with digital currency and be based on public chain

At 22:00 on the evening of October 3, 2016, Beijing time (15:00 local time in London), Chu Xiahu, CEO of Weiyou, was invited to attend the Blockchain For Finance Conference held in London, UK, and delivered an important speech on the theme of "New Digital Financial Era".

The Blockchain For Finance Conference is hosted by Simmons & Simmons, a world-renowned legal consulting firm, and is co-organized by dozens of financial institutions including the Bank of France, London Stock Exchange, Commerzbank, and Bank of New York Mellon. The purpose of this conference is to allow all well-known institutions, companies, and individuals present to discuss how to use blockchain technology to make asset security circulation more convenient, fast, and efficient.

Photo of Weiyou CEO Chu Xiahu attending the meeting

At the meeting, Chu Xia Hu, as a guest speaker, elaborated in detail his understanding of blockchain technology and some of his ideas about the future applications of blockchain from multiple dimensions such as digital currency, digital assets, and smart contracts.

A photo of Weiyou CEO Chu Xiahu delivering a keynote speech as a guest speaker

Regarding the development direction of blockchain, Chu Xiahu believes:

The development path of blockchain should start with digital currency, based on public chain, develop digital assets, digital asset exchanges, and finally form digital identities, and then establish perfect smart contracts. By using blockchain, digital identity holders can use blockchain to prove, lend, lease and other financial activities of their digital assets, thus creating a new form of finance on blockchain.

When talking about Weiyou’s own Metaverse project, he pointed out:

From Weiyou's understanding of blockchain and trend judgment, Smart Assets (SP) are the core of our blockchain project Metaverse. Digital identity (AVATAR) and value intermediary (ORACLE) are two important contents around Smart Assets, which together build the value Internet. Weiyou hopes to eliminate the imbalance between supply and demand caused by value islands by building the value Internet, thereby reducing friction and releasing economic vitality.

Clip of Chuxiahu communicating with guests and scholars on site

At this conference, Chu Xia Hu's speech received a warm response from the guests. After the meeting, many guests and scholars had in-depth discussions with Chu Xia Hu on blockchain-related issues. The guests expressed their agreement with Weiyou's research on blockchain and his proposed understanding of the development direction of blockchain. They also expressed their strong interest in Weiyou's Metaverse project, and were optimistic about its future market prospects, hoping to have the opportunity for deeper cooperation in the future.