Starting from finance, but not limited to finance. Based on a verifiable over-collateralization mechanism for assets, it is demonstrating a vision far beyond the crypto world.

Take supply chains as an example. Small and medium-sized enterprises hold a large amount of accounts receivable and inventory—assets that seem valuable, but banks overlook them. Traditional valuation is difficult, risk control is challenging, and financing naturally becomes a headache. But what if we move it onto the blockchain?

Imagine a DAO protocol for supply chains. The core enterprise digitizes its accounts payable to suppliers on-chain and deposits it as collateral into the protocol. Instantly, stablecoins can be used to pay suppliers directly, greatly speeding up the cycle. The entire process—from collateralization to liquidation—is transparent and traceable on-chain, significantly reducing trust costs, and operational risks can be monitored in real-time.

The same applies to the intellectual property field. Patents, copyrights, trademarks—these are valuable assets, but nobody wants them. Liquidity is extremely poor. Now? Certified and appraised IP assets can be tokenized on-chain and used directly as collateral. Creators or research institutions don’t need to sell their IP; they can borrow low-interest funds for R&D or business expansion. What if the debtor defaults? Smart contracts automatically execute the transfer of IP rights, ensuring fairness and transparency.

The core logic here remains unchanged: a neutral, rule-driven, global asset activator. But what it activates is no longer just crypto assets, but anything that can be digitized, rights-verified, and valued. This is the ultimate significance of blockchain—not only to rebuild finance but to create a unified, liquid "language" for all forms of value worldwide. Today’s financial innovation is just the opening act of this larger transformation.