Aya Miyaguchi, the chairwoman of the Ethereum Foundation, stated at the Japan WebX 2025 conference that Ethereum is helping to build a more secure national identity recognition system, highlighting the attack resistance of blockchain by citing Bhutan's decentralized national ID system.

While the market is frenzied or panicked over short-term price fluctuations, builders in the industry are still pushing for the implementation of applications that truly change the world. This is the most solid underlying value of cryptocurrency technology and the source of long-term confidence.

Establishing national sovereign identity information on a decentralized network is a highly imaginative grand narrative. Although it is still in the early exploration stage, it points to the vast prospects of blockchain technology beyond financial speculation, which is far more meaningful than discussing whether the next Meme coin can go to zero.