Web3 Carnival | Paul Chan outlines the three major 'reefs' of AI + Web3
On April 20, 2026, the Financial Secretary of Hong Kong, Paul Chan, delivered the opening speech at the 2026 Hong Kong Web3 Carnival.
He pointed out that 2026 is an important turning point, as Web3 is maturing, and financial institutions are increasingly using digital assets and tokenization to enhance efficiency, reduce costs, and shorten settlement times. The rise of AI agents this year is another notable milestone, as the intersection of artificial intelligence and technologies like Web3 is changing the game. He further noted that the combination of the two will elevate transaction efficiency to a new level, covering multiple fields such as finance, trade, wealth management, supply chain operations, and logistics, creating vast new opportunities, but also bringing challenges that need to be addressed.