Blockchain Global Summit: Explaining Singapore’s ‘Garden City’ Web3 Development Philosophy
At the 11th Blockchain Global Summit, Professor Lee gave a strategically high keynote address on the topic of “From the Wild West to the Garden City: The Web3 Order Revolution in Singapore”.
1. Strategic Blueprint for the “BLOOM Plan”
Professor Lee focused on the newly launched “BLOOM” scheme of the Monetary Authority of Singapore. The plan aims to build a borderless, highly liquid, open, online, multi-currency financial infrastructure.He likened it to a “revolution of order,” marking Singapore’s shift from an early “Wild West”-style exploration to a well-planned, steadily developing “garden city” model. This is not only Singapore’s national strategy, but also provides a key paradigm for global Web3 governance.
2. Demonstrate the trend of "AI + Crypto" technology integration
Professor Lee clearly stated:
“We are entering the era of AI Crypto. The combination of artificial intelligence and encryption technology will significantly reduce cross-border payment and compliance costs, especially providing a viable technical path to solve the financial problems that have plagued small and medium-sized enterprises around the world for many years. “
He stressed that only through this technology can the next generation of financial infrastructure be built. Crypto AI financial infrastructure.
3. Analyzing the Global Web3 Landscape and Singapore Positioning
Professor Li has conducted an incisive comparative analysis of the major Web3 hubs around the world:
- Hong Kong: Positioned as a “global virtual asset center”, it is a thriving “front office” trading and financing market.
- Singapore: Relying on the BLOOM project, focusing on the underlying payment and settlement “back office” infrastructure, aims to become a “trusted router and switch” in the global value Internet.
- Dubai: Adopt a “water storage first, then regulate” strategy to quickly attract global capital and talent.
Professor Li concluded that Singapore's strategy is to "fix the canal first, then release the water", attract the "elephant" level institutions that can bring long-term stable value, and strive to solve the problem of cross-border wholesale settlement at the trillion level, and create an ecological niche for small and medium-sized enterprises to provide value-added services around standard facilities.
4. "Responsible innovation" is the "equipment" of the industry
At the end of the speech, Professor Li made a core point:
“Responsible innovation is the ‘momentum’ of Web3.”
He pointed out that without this vest, the industry will lose its supervision, reputation and market protection. He called on the industry to collectively make choices—whether to build a system that encourages collaboration and creation, or one that encourages looting and gambling. In addition, he advocates the establishment of professional qualification certification and establish a reputational standard for practitioners.
ETHShanghai 2025 Summit: Demonstrating the Inevitability of Ethereum as a Global Infrastructure
At the ETH Shanghai 2025 Summit, Professor Li Guoquan and Du Yu, head of Wanxiang Blockchain Laboratory, launched an in-depth dialogue to deepen his views at the global summit from the perspective of application practice.
1. Establish Ethereum’s Compliance and Practice Leadership
Professor Li pointed out that Ethereum is not only leading in technology, but also has significant advantages in regulatory compliance, and has become the preferred infrastructure for many financial institutions and governments around the world. In particular, he revealed that the Singapore government has applied Ethereum to public service areas such as diploma certification and international trade certificates, which provides a strong demonstration for other countries.
2. Indicate the technological path of Chinese enterprises globalization
For the Chinese market, Professor Li made a very valuable point:
"For enterprises with major businesses in the country, the alliance chain may be a safe choice; for any enterprise aiming to open up the global market, Ethereum is a ‘must-choose’.”
Its decentralized nature ensures financial transparency and geopolitical neutrality, greatly facilitating cross-border business.
3. Looking Forward to Decentralized Hardware and the Future Ecology
Professor Li also looked forward to breakthroughs in decentralized hardware and cloud computing technology, believing that these innovations will further improve the risk resistance of blockchain infrastructure. He is particularly optimistic about the potential of Ethereum in emerging areas such as green finance and carbon trading, indicating that it will have a profound impact on the global economy.
Summary: Global Practice and Implications of the GFI Concept
Through these two high-profile presentations, Professor Li Guoquan successfully figuratively spread the core philosophy of the Global Fintech Academy – promoting responsible fintech innovation through education, research and cooperation.
- At the strategic level, he analyzed how Singapore has transformed “responsible innovation” from concept to executable infrastructure blueprint through the BLOOM program.
- At the technical level, he demonstrates the inevitable trend of AI merging with Crypto, Ethereum and the compliance framework.
- At the path level, he clearly pointed out the strategic choice of integrating the global Web3 ecosystem for market participants at different stages of development.
Professor Li Guoquan's wonderful speech and sharing as the chairman of the GFI at the 2025 Shanghai Blockchain International Week Summit and surrounding activities is a powerful proof of GFI.
His argument provides a critical ideological navigation and action framework for the industry to move from “brutal growth” to “mainstream integration.” We look forward to GFI as the world's top financial technology thought leadership platform to continue to lead this profound change, working with the global community to shape the future of financial technology.