On November 23, 2019 Netease Future Conference opened in Hangzhou. In the “blockchain+real economy” forum held in the afternoon, Du Yu, deputy general manager of Wanxiang Blockchain and head of Wanxiang Lab, shared that if the relationship between blockchain and other technologies is viewed from a data perspective, the Internet of Things It is low-cost data collection, 5G is low-cost data transmission, AI is low-cost processing data, and blockchain is low-cost trust data. He revealed that Wanxiang is building Wanxiang Innovation Energy City. Focusing on blockchain technology, Focus City is relying on cloud computing, Internet of Things and AI to focus on emerging industries such as new energy vehicles and new modes of innovation and entrepreneurship. It will be the largest blockchain application project in the world to date. For the blockchain, he also mentioned that don't overestimate the short-term value of technology, and don't underestimate the long-term value of technology. At the same time, he also revealed that Wanxiang's total investment in the blockchain field reached RMB 1 billion.