Web3 Technology to Enhance Asset Tokenization and Economic Growth

According to Odaily, on the afternoon of September 5, 2024, at the Web3 sub-forum of the Inclusion·Bund Conference, Yan Ying, Chief Scientist of Ant Digital, discussed the maturation and popularization of Web3 technology. She highlighted that as Web3 technology advances, physical world assets, data, and objects will be tokenized and seamlessly integrated with the digital world. This tokenization is expected to make transactions more efficient, accelerate asset circulation, and stimulate new economic growth. Yan Ying identified two major challenges in asset tokenization: verifying the authenticity of assets and controlling risks associated with asset transfers. She emphasized that these challenges should be addressed through technological solutions. She stated, 'Extreme performance and security are the eternal pursuits of Web3 technology.' In the context of large-scale on-chain asset issuance, technology must both solidify the foundation for 'large-scale issuance' and address the challenge of ensuring the 'security and authenticity' of assets. To this end, AntChain has built a trusted digital-physical twin technology and a large-scale blockchain open architecture, supporting transaction performance of up to 100,000 transactions per second (TPS), second-level transaction on-chain time, and petabyte-level data ledger storage and processing capabilities. Additionally, AntChain has established a full-trust closed loop both on-chain and off-chain, ensuring trust extension through secure and verifiable foundational technology. With AI-assisted contract auditing tools, AntChain provides efficient, accurate, and comprehensive contract security services.