WEB3+ Block Point Gathering: Blockchain Application in Progress.
The value of blockchain technology is not limited to the investment boom of cryptocurrencies; practical applications that change daily life and industrial ecology are unfolding, with Taiwan being a leader in this regard. The 'Block Point Gathering' event in May 2025 invited real estate investment digital innovation companies like Spark Lands, Cathay Financial Holdings, the Digital Development Department, and Turing Space to discuss recent key applications that have garnered attention.
From the Digital Development Department's digital wallet to the tokenization of real-world assets, how does blockchain technology apply practically to change the financial environment and industrial ecology? What are the key points for the implementation of blockchain technology?
How does tokenization strengthen real estate investment?
Traditionally, real estate investment often requires a high financial threshold, making it a market only accessible to the wealthy. However, Wang Xin-Ping, COO of Spark Lands, proposed during this forum that the 'tokenization of real-world assets (RWA)' mechanism based on Web3 technology is breaking down this threshold and established perceptions, allowing more people to participate in real estate investment with small amounts.
Wang Xin-Ping pointed out that real estate, by nature, is a highly centralized physical asset, while the 'decentralization' spirit championed by the Web3 world seems contradictory but is actually complementary. Through three core technologies: blockchain, tokenization, and smart contracts, they package the substantial real estate earnings into divisible 'income debt certificates' and issue them on the blockchain, allowing general investors to participate, trade, and hold with small amounts.
From 'barter' to currency systems, banking institutions, and now blockchain, represents humanity's technological evolution in 'trust.' Real World Assets (RWA) connect virtual currencies in the Web3 world with real-world 'goods,' such as real estate, US bonds, US dollars, carbon credits, and other physical assets.
In the application example from Spark Lands, the company first obtains the ownership of real estate, then converts the income generated from the real estate into on-chain debt contracts. These contracts undergo compliance audits and smart contract setups before being tokenized and sent to investors in the form of digital certificates. Users can complete KYC real-name verification and wallet activation through the official website, easily participate in investments, and enjoy automatic distribution of earnings.
Wang Xin-Ping, COO of Spark Lands.
RWA is already in 'progress'.
Besides real estate, RWA has become a new hotspot at the intersection of fintech and Web3. Pan Hsiao-Min (EP) from Cathay Financial Holdings Web3 Ecosystem Development Team pointed out that this trend is growing rapidly worldwide.
Many international organizations, such as Citi, BCG, McKinsey, and even Standard Chartered, have predicted that RWA's future market value could reach trillions of dollars, indicating its potential and market confidence.
EP mentioned that RWA is seen as a strong booster for the traditional financial market, with more and more practical application cases emerging, such as tokenized products for bonds, funds, gold, etc. For instance, HSBC's gold token launched in Hong Kong has allowed retail investors to purchase directly, demonstrating the proactive attitude of traditional financial institutions embracing Web3.
EP emphasizes that whether it is bonds, funds, or gold, even when converted into 'token' form, they still retain their original financial attributes. Therefore, regulatory authorities in various countries continue to manage them according to traditional financial product regulations. As for the development of trading platforms, currently, there are government-led centralized platforms and financial alliance exchanges as two types of cases.
RWA is not a future concept but an ongoing process. If financial institutions can achieve breakthroughs in regulatory compliance, infrastructure, and connecting on-chain funds, they will have the opportunity to seize the initiative in this wave of asset digitization.
Pan Hsiao-Min, Product Manager of Cathay Financial Holdings Web3 Ecosystem Development Team.
The most everyday Web3 application: digital wallet.
When it comes to blockchain technology applications relevant to all of us, the 'Digital Certificate Wallet' is the most fitting example. Li Yue-Yin, Section Chief of the Digital International Department of the Digital Development Department, pointed out that with more and more traditional physical documents, the public often faces difficulties in management, data leakage, and excessive privacy exposure when using them. The core goal of the digital wallet is to allow users to achieve data autonomy and self-management of identity.
A digital certificate wallet is a container for digital credentials that can store various types of documents such as driver's licenses, health insurance cards, educational certificates, etc., and verify them through user authorization. It is neither a digital ID nor a payment tool, but an application for the public to manage and use their digital data.
The key is that data is stored on the user's own mobile device, not concentrated by the government or platform, completely eliminating the risk of hacking or data misuse. Even if hackers attack government agencies, they cannot obtain public data because the system uses a decentralized architecture, significantly enhancing information security.
Section Chief Li stated that the current internet architecture lacks an 'identity verification layer,' making it difficult to verify users' identities online, leading to frequent fraud, AI impersonation, and difficulty distinguishing between humans and machines. To fundamentally improve this phenomenon, a digital identity management system belonging to each individual must be established.
Traditional identity verification models, such as registering accounts with passwords or federated systems (like Google login), provide convenience but have security and platform dependency issues. Once an account is hacked or a platform goes down, users cannot access their services. Therefore, the Digital Development Department has created a digital infrastructure based on the principle of 'user autonomy,' allowing for data authorization and sharing without platform endorsement.
Li Yue-Yin, Section Chief of the Digital International Department of the Digital Development Department.
Achieving verification of the authenticity of certificates.
Against the backdrop of increasing cybersecurity threats and digital transformation, Turing Space focuses on 'building a trustworthy and sustainable digital network,' addressing issues of data verification, cross-border identity recognition, and trust circulation through technologies such as Verifiable Credentials (VC) and Decentralized Identity (DID).
Chen You-Wei, Senior Business Manager of Turing Space, first introduced three key trust application technologies: Decentralized Identity (DID), which represents a user's unique identifier in the digital world, free of personal data and stored on the blockchain, possessing decentralized characteristics. The second is Verifiable Credentials (VC), which include information such as educational qualifications, ID cards, driver's licenses, health insurance cards, etc., with the issuing authority and content indicated on the credential for easy verification and traceability.
This architecture combines blockchain and cryptographic technologies to achieve verification of the authenticity of certificates, authorization display, and minimal disclosure, establishing a foundation of trust for the digital society. Turing also implements practical applications through three major products: Turing Certs, Turing Wallet, and Turing Verify.
In addition to assisting academic institutions like Berkeley Law School, National Taiwan University, and National Yang Ming Chiao Tung University in issuing digital certificates, Turing also collaborates with international organizations such as WHO, APEC, and the EU to support the issuance of standardized certificates for global circulation.
Chen You-Wei, Senior Business Manager of Turing Space.
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