At the #ETHShanghai 2025 Summit, Wanxiang Blockchain Chairman Xiao Feng participated in a roundtable discussion with Vitalik Buterin. Dr. Xiao Feng offered concluding reflections on three core issues in the crypto industry. He argued that the essence of prediction markets is to use mathematical algorithms to make transactions closer to the truth. "This is closer to reality than polls and is a mechanism that makes the future tradable."

When discussing the integration of AI and blockchain, he noted, "AI agents will revolutionize efficiency, but they will also become new targets for attack." Therefore, security and compliance must go hand in hand with innovation. In the areas of digital identity and DeFi, Xiao Feng emphasized that ZK ID (zero-knowledge identity) will become critical infrastructure—it will generate trusted customer profiles while protecting privacy, allowing the financial system to find a balance between "know your customer" and "protect privacy."

“Decentralized finance is not about not knowing customers, but about understanding customers in a new cryptographic way.”