JPM Coin by JPMorgan Chase has recently gained some attention. Since officially integrating into the Canton network, the daily transaction volume has exceeded $1 billion, backed by 46 top financial institutions. More importantly, the assets involved in the pilot exceed $6 trillion, and the government bond tokenization pilot is also underway.

What does this mean? Blockchain is shifting from the once-imagined "disrupting finance" to the reality of "how to make the existing financial system run more efficiently."

Here's the brilliance of this approach: JPM Coin is still backed by JPMorgan Chase's banking credit, without overthrowing anything. But through blockchain technology, settlement speeds are faster, collateral liquidity is released, and cross-border compliance becomes easier to handle. This is not a revolution; it's evolution—using new tools to optimize the efficiency bottlenecks of old systems.

Of course, the value of blockchain extends beyond this. In scenarios like charitable donations and educational funding, it also plays a role. Every traceable fund flow, every child gaining learning opportunities because of it, demonstrates a truth: blockchain's capabilities go far beyond improving financial efficiency; they can make value flow more fair, transparent, and warm.

Traditional finance uses it to strengthen itself, while other scenarios use it to transform the entire logic of value distribution. This may well be the true testing ground for blockchain in the coming years.