[Xiao Feng's Opening Speech: Blockchain Has Transitioned from the Grassroots Stage to the Standardized Development Stage, Requiring Development Based on Standard Rules] Foresight News live report: The 2025 Shanghai Blockchain International Week has officially opened. Xiao Feng, Chairman of Wanxiang Blockchain and Chairman & CEO of HashKey Group, stated in his welcome speech, 'Blockchain has transitioned from the startup stage to the stage of explosive application growth. Currently, industry developers have begun driving blockchain technology into its second growth curve. We have moved from the grassroots stage to the standardized development stage, and it is necessary to establish standard rules and develop in a standardized manner based on these rules, while leaving behind the era of chaotic development during the early startup phase.'