Project Loom aims to bring asynchronous programming to Java with virtual threads. Virtual threads allow blocking code to run asynchronously by scheduling continuations across lightweight threads. This avoids the "blue world" problem of rewriting synchronous code for asynchronous systems. It also enables scaling applications by utilizing non-blocking I/O without changing existing code or libraries. While virtual threads are not yet production-ready, Project Loom has the potential to improve scalability for Java applications without a major paradigm shift.