Singapore

- Dr. Chengdiao Fan, the co-founder of the #Pi Network, delivered a speech at the TOKEN2049 conference in Singapore on October 1, 2025. From 4:30 to 4:45 PM Singapore Time (SGT), on the TON stage: her speech was titled "The Future of Cryptocurrency: From Liquidity to Utility - #Web3 Paths to Innovation:"
- Her speech focused on transforming the cryptocurrency industry from mere speculation to practical application, by integrating blockchain technology with artificial intelligence to create social impact. Based on her research presented before the conference ( published on IB Times ), here are the main points in detail:
1- Transitioning from liquidity to utility and innovation:
- The cryptocurrency sector needs to move past volatility and media hype and focus on the true value for daily users, rather than just speculative trading.
- Current challenges include usage barriers and distorted incentives, hindering the implementation of blockchain technology in the real world.
- Propose pathways for the cryptocurrency industry to integrate more global manufacturing on the blockchain, and create products and ecosystems that meet specific needs, demonstrating social benefit and sustainable innovation.
2- Integrating Artificial Intelligence and Cryptocurrencies: Safeguarding Human Autonomy
- Artificial intelligence is rapidly changing manufacturing and economic structures, raising questions about human labor, its autonomy, and the fair distribution of the value of artificial intelligence.
- Blockchain technology can solve this problem through decentralized identity verification, transparent economic frameworks, and community governance, ensuring value distribution while maintaining human autonomy.
- Discussing the necessary infrastructure, such as expansion networks and decentralized artificial intelligence production models, and a framework to guide artificial intelligence and blockchain towards collective benefit.
3- Achieving comprehensive adoption:
- Widespread adoption presents both a significant challenge and a tremendous opportunity for blockchain.
- Based on its experience with the Pay network (, which has over 60 million users in more than 200 countries ), it explores how community empowerment, broad distribution, and social networks can bring blockchain technology into everyday life, beyond early users."
- Emphasizes that true benefits and inclusive participation are key to realizing the promise of decentralized technology, especially with AI-powered applications.
- Additional details from the event:
- The six-year Pay Network journey aimed to bring 60 million users to Web3, including: the launch of the mobile app in 2019 ( and reaching one million users in October ); the closed network phase in 2021 with 25 million users; the original KYC solution in 2023; and the open network launch in 2025 to connect with the broader cryptocurrency ecosystem.
- Photos from the event show the lady in a black suit, standing on stage, with the TON and TOKEN2049 logos behind her, along with introductory slides about the topic and journey of the Pay network.
- The statement invited technology experts, policymakers, and global citizens to participate in building a more equitable digital future. The audio/text transcript has not been published yet, but its publication serves as the official document summarizing the vision.
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