💧 Evan Cheng, co-founder and CEO of Mysten Labs, recently stated in an interview that besides Sui, current blockchains are heading in the wrong direction in terms of data models and architectures.
Evan believes that mainstream blockchains use a ledger model that only records and moves quantities, which fundamentally fails to capture the complexities of things that continuously change throughout their life cycle.
When discussing the integration of AI and blockchain, he pointed out that what AI does requires human trust and verification afterward to confirm it truly executes the user's intent; meanwhile, blockchain automates a large number of processes through mathematics, cryptography, and software, showcasing a clear complementarity between the two.
In terms of actual adoption, Evan mentioned that the Sui wallet is gaining a lot of users, most of whom are not in the U.S. but in other countries for daily activities, including crypto payments, investments, transfers, and various transactions.
He noted that users are already actively engaging with the DeFi ecosystem and beginning to use products like stablecoins, and the team has a credit card set to launch soon (!), along with several products designed for Bitcoin holders.
Regarding the current state of the industry, he believes that the doors are wide open for institutions, as various parties are contemplating how to leverage this technology to advance their interests and improve existing inefficiencies; however, the overall landscape remains in an open yet early stage.
Looking ahead, Evan anticipates that the market will no longer repeatedly question whether blockchain can become a key component of the financial industry, as a clear answer to this question will emerge soon; he also thinks skepticism about the role of blockchain in AI from the outside will significantly diminish.
Evan believes that mainstream blockchains use a ledger model that only records and moves quantities, which fundamentally fails to capture the complexities of things that continuously change throughout their life cycle.
When discussing the integration of AI and blockchain, he pointed out that what AI does requires human trust and verification afterward to confirm it truly executes the user's intent; meanwhile, blockchain automates a large number of processes through mathematics, cryptography, and software, showcasing a clear complementarity between the two.
In terms of actual adoption, Evan mentioned that the Sui wallet is gaining a lot of users, most of whom are not in the U.S. but in other countries for daily activities, including crypto payments, investments, transfers, and various transactions.
He noted that users are already actively engaging with the DeFi ecosystem and beginning to use products like stablecoins, and the team has a credit card set to launch soon (!), along with several products designed for Bitcoin holders.
Regarding the current state of the industry, he believes that the doors are wide open for institutions, as various parties are contemplating how to leverage this technology to advance their interests and improve existing inefficiencies; however, the overall landscape remains in an open yet early stage.
Looking ahead, Evan anticipates that the market will no longer repeatedly question whether blockchain can become a key component of the financial industry, as a clear answer to this question will emerge soon; he also thinks skepticism about the role of blockchain in AI from the outside will significantly diminish.