Xiao Feng, Chairman of Wanxiang Blockchain, addressed the challenges of blockchain adoption at the Web 3 Festival in Hong Kong on April 22, 2026. He emphasized that while blockchain's trustless nature is central to its commercial appeal, the transparency it offers poses significant challenges for traditional institutions like finance and healthcare, which face the issue of 'data exposure.' This transparency also presents a major flaw for AI-driven economies. Xiao Feng suggested that privacy computing technologies are essential to overcoming these obstacles and enabling seamless blockchain integration for these sectors.