💸New Paradigm for National Finance

Third-party institutions could apply the fully developed identity system of ME Network to become issuers of verifiable identity credentials. For instance, future banks, governments, or corporate entities will be able to customize and issue identity credentials and conduct identity verification to comply with relevant industry or national KYC compliance policies. All different types of identity credentials can eventually be consolidated together, forming a complete, universal digital identity in conjunction with the current ME ID. This could potentially meet KYC compliance requirements of various countries. On one hand, it safeguards citizens' data sovereignty as inviolable, and on the other hand, it creates a fairer and more democratic environment for that country.

Each of the 200+ countries and regions globally can create its own blockchain called a "National Chain." These National Chains can issue native governance tokens and anchor traditional assets at a fixed ratio. While complying with the regulatory policies of each country or region, traditional asset markets will merge with the cryptocurrency economy, giving rise to entirely new trading scenarios. This will inject substantial liquidity into traditional finance and real industries, making the parallel implementation of the Web3 economy a reality.

Compliant KYC removes barriers and costs in financial regulation, streamlines the cumbersome processes of foreign exchange settlement, and enables open and free global trade. This will promote a paradigm shift in national finance and serve as a milestone in global economic transformation.