Foresight News reported live, in the "2023 Hong Kong Web3 Carnival" sub-venue 4 "Web3.0 Standardization Innovation Summit", Li Ming, chairman of the IEEE Computer Society Blockchain and Distributed Ledger Technology Standardization Technical Committee (IEEE BDL) delivered a keynote speech , which said, "Standardization will definitely have a huge impact on the entire Web3 industry. Artificial intelligence and new-generation technologies are the infrastructure for next-generation Internet integration. The blockchain alone cannot solve any problems. The Web3 standardization organization needs to establish a protocol stack , technology stack, system stack, solution stack, and application stack, through the support of standards and the construction of a technology ecosystem, while considering cryptocurrency, aviation manufacturing, financial education, chip manufacturing, and knowledge sharing platforms, this is what standardized connection needs to do At the same time, based on the standardization organization's aggregation of talent pools, project pools, and enterprise pools, the real standards will be released. Then, based on the results of theoretical research, a standard system will be developed and exported to the industry, thereby promoting the development of the Web3 industry in Hong Kong and the world. IEEE BDL has a total of 31 standards, 4 standards have been released, and 27 standards are under research. Standardization is an industry, the cornerstone of human development, and can promote an industry from chaos to gradual innovation to further iterative development. "Web3 Festival" (Web3 Festival) is a Web3 event brand jointly launched by Wanxiang Blockchain Lab and HashKey Group, and hosted by W3ME. This year's "Web3 Carnival" will last from April 12 to April 15, and will focus on the core issues of various Web3 tracks such as regulatory policies, Web3 infrastructure, and Metaverse.