Shanghai Wanxiang Blockchain Inc., formerly known as Wanxiang Blockchain Labs, was established in 2017. Funded by China Wanxiang Holdings, Wanxiang Blockchain Labs is a non-profit research institution focused 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 has been dedicating itself to the promotion and application of Blockchain industry, and to exploring how the technology will be contributing to the development of the economy and the society. As the first research organization in China determined to support 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 shown great interest in blockchain technology and the potential of what it could bring to the world.