At the #ETHShanghai 2025 Summit, Wanxiang Blockchain Chairman Xiao Feng engaged in a roundtable discussion with Vitalik Buterin, where Dr. Xiao summarized three core topics in the encryption industry. He believes that the essence of prediction markets is to use mathematical algorithms to bring trades closer to the truth—“this is more aligned with reality than polls and creates a mechanism for tradable futures.”
Regarding the integration of AI and blockchain, he pointed out: “AI agents will bring an efficiency revolution, but they will also become new targets for attacks.” Therefore, security and compliance must go hand in hand with innovation. In the fields of digital identification and Decentralized Finance, Xiao Feng emphasized that ZK ID (Zero-Knowledge Identification) will become a key infrastructure—it protects privacy while generating trustworthy customer profiles, enabling the financial system to balance “understanding the customer” and “protecting privacy.”
“Decentralized finance is not about not knowing the customer, but about re-understanding the customer through new encryption methods.”
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