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Title: Blockchain: The Future Decentralized World Bank, Trillions of Global Digital Assets Will Flow Freely in This World Bank

Mr. Yang has been deeply involved in the blockchain technology field for 10 years and co-founded a well-known local blockchain company in China with several PhDs from the Chinese Academy of Sciences. He has shared many astonishing views, such as "In the future, digital freedom, users control their own data," "Blockchain technology solves the issue of digital property rights," "Blockchain will become a global 'World Bank,' where trillions of fiat currencies, digital securities, and more will flow freely on blockchain technology," "Traditional banks will become smart contracts of blockchain technology," "The development of blockchain technology is not hindered by policies, laws, or regulations, but by security." Today, we take this opportunity to explore these viewpoints.Reporter (Can): Mr. Yang, you mentioned that blockchain will become the global "World Bank," and traditional banks will become smart contracts of this "bank." Why do you hold this view? Fan Yang: Blockchain has a higher efficiency in financial transactions, such as digital currencies, securities, etc., which can freely flow anywhere globally accessible by the internet. The cost of establishing trust between countless financial institutions (e.g., banks, securities companies, etc.) is nearly zero, significantly enhancing the global capital matching efficiency. Assets stored in financial institutions are almost digitalized. The internet transmits digital information in milliseconds and seconds, while the efficiency of existing financial institutions in transferring digital assets is abnormally lagging. Global capital matching, especially among international financial institutions (e.g., bank remittances), takes days and weeks. A financial asset sold globally might need days to reach its destination thr...

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