HashKey Group CEO Dr. Xiao Feng Discusses the Intersection of Real-World Assets and Oracles at SmartCon 2024
Dr. Xiao Feng, Chairman and CEO of HashKey Group, spoke at the 2024 SmartCon conference hosted by Chainlink, where he discussed the two states of assets from an oracle perspective. He stated that assets can be either “on-chain,” requiring digital twins, or “digital native,” focusing on securitization from on-chain to off-chain.
According to Dr. Xiao, interoperability between on-chain and off-chain assets is crucial. He mentioned that DePIN (Decentralized Physical Infrastructure Networks) aims to tokenize real assets by putting hardware devices on the chain, highlighting the intersection between Real-World Assets (RWA) and oracles.
The ultimate goal of on-chain operations is to establish a closed business loop, facilitating global investors to mobilize liquidity for investment. Dr. Xiao believes that distributed ledgers and blockchain networks will help improve the marginal utility of business models and significantly reduce costs.
He also introduced HashKey Chian, an Ethereum L2 public chain recently released by HashKey, which aims to build a compliance-friendly and innovation-encouraging ecosystem. This will allow traditional financial and Web3 users to share the infinite possibilities and value brought by blockchain technology and applications.
Blockchain technology has the potential to revolutionize various industries by enabling secure, transparent, and efficient transactions. The integration of real-world assets with blockchain through tokenization and oracles opens up new opportunities for investors and businesses alike.
As the blockchain ecosystem continues to evolve, initiatives like HashKey Chian will play a crucial role in bridging the gap between traditional finance and the rapidly growing world of decentralized applications (dApps) and digital assets.
With the increasing adoption of blockchain technology and the growing interest in tokenized real-world assets, the insights shared by Dr. Xiao Feng at SmartCon 2024 highlight the importance of interoperability, compliance, and innovation in shaping the future of finance and asset management.
Source: [BlockBeats News](https://m.theblockbeats.info/news/268595)
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