The potential of blockchain extends far beyond cryptocurrencies. We believe one of its most significant future applications lies in its use for social infrastructure. This includes ETC and toll payments, autonomous driving, infrastructure maintenance, ports and logistics, and construction and real estate. In the field of land, infrastructure, and transportation, people, goods, money, and data are intricately interconnected. By applying blockchain technology here, we can enhance the reliability of transactions and data—and when combined with stablecoins, we have the potential to transform payment systems and the flow of capital. Blockchain is evolving from a “financial technology” into a “trust foundation supporting society.” At Xwin, we are focused on these real-world applications through the lens of “Digital Capital Management”—viewing AI, data, and digital assets as new forms of capital for enterprises and society.