Funded by China Wanxiang Holdings, Wanxiang Blockchain Labs is a non-profit research institution focusing on Blockchain technology. Wanxiang Blockchain Labs provides support for the research, entrepreneurship, developments and applications in the industry. It will also provide reference information for regulatory bodies. Overall, Wanxiang Blockchain Labs dedicate itself to the promotion and application of Blockchain industry, and to explore how the technology will be contributing to the development of the economy and the society. As the first research organization in China and determines to devote itself to promote the development of blockchain technology globally, Wanxiang Blockchain Labs has been hosting global blockchain summits in China, which have become one of the most influential industrial events in Asia. Through these efforts, participants from various industries have showed great interest in blockchain technology and the known the potential of what it could bring to the world.