Babbitt reported that on September 17, the fifth global summit of blockchain sponsored by Wanxiang Blockchain Lab was officially opened in Shanghai. Lu Yang, the co-founder and CEO of the chain, said in his speech that the blockchain is an "invisible" technology, just as users in the Internet age don't care what TCP/IP is. He also pointed out that the biggest challenge in the development of blockchain technology is not the technical consensus, but how to achieve commercial consensus, how to balance business interests and promote the development of the industry. Blockchain technology must empower the traditional economy to transform the thinking. Finally, governance consensus requires the development of common rules to ensure fairness, so that the blockchain can move to the mainstream society.