CoinOl Research Report:
Produced by OKG Research
Author: Hedy Bi
Last weekend, the European Cloud Chain Research Institute accepted an invitation from FT Chinese to participate as a roundtable guest in the Finance Masters Class jointly organized by FT Chinese and the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University. During the roundtable session, the author engaged in in-depth discussions with professors and practitioners on the forefront of financial technology innovation about the complex relationship between technology, finance, and humanity, as well as their far-reaching implications for the future. Of particular note, Professor Liu Xiaochun, a concurrent professor at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, outlined the development trajectory of the financial industry over the past few decades during this master class. One point he raised struck me: the financial industry actually bears the risk costs of the entire society, which are often misunderstood as issues inherent to finance itself.
Image caption: Professor from SAIF of Shanghai Jiao Tong University delivering an open class and dialogue session for SAIF’s Financial MBA program in conjunction with FT Chinese.
Professor Liu’s insights inevitably made me think of the mixed reviews that the Web3 field has faced in recent years. As Professor Liu mentioned, emerging technologies are often rapidly exploited by malicious actors, but this is not a flaw of the technology itself; instead, it should serve as a driving force for industry practitioners to accelerate innovative applications. Looking ahead to 2024, the Web3 industry is experiencing new development opportunities: the United States and Hong Kong are gradually integrating Bitcoin and Ethereum into mainstream financial systems, attracting the attention of a large number of investors. For example, in the U.S. market, the total amount of funds flowing in through spot ETF channels has reached $14.7 billion. Although this figure may seem significant at first glance, it has not caused major disruptions in the market. Apart from the fundamental shift in market logic, the author aims to discuss our current position and the direction in which we are heading in this article.
As native innovation stagnates, the future heads from financial technology towards technology finance
The shift from Fintech to Techfin is already a developing trend in the Internet and financial industries. Similarly, in the Web3 field, we observe that the phase of native innovation has largely concluded; methods such as DeFi, NFTs, and tokenization involve leveraging technology to support the flow of finance or assets. Since the establishment of Uniswap
