• Skip to main content
  • Skip to primary sidebar

Biz Builder Mike

You can't sail Today's boat on Yesterdays wind - Michael Noel

  • Tokenomics is not Economics – Digital CX -The Digital Transformation
  • Resume / CV – Michael Noel
  • Contact Us
  • Featured
You are here: Home / Blockchain / Conflux Network Expands into Hong Kong

Dec 28 2022

Conflux Network Expands into Hong Kong

Dr_Ming_Wu_-_Invest_HK_1672165498rzX9LZY2K1.jpeg

  • Dr Ming Wu, the co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention. 
  • Conflux is already in the process of registering related entities for entry into Hong Kong, solidifying its role as a foundational infrastructure for Web3.
  • This follows October’s announcement of the  “Policy Declaration on the Development of Hong Kong Virtual Assets” which has paved the way for a more hospitable blockchain environment in Hong Kong.

Dr Ming Wu, Co-Founder of Conflux Network,  was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments. During the visit, Dr Ming Wu had an in-depth discussion with the heads and reception staff of various institutions under the new “Policy Declaration on the Development of Hong Kong Virtual Assets” officially released in October. 

Over the past several years, stringent COVID-19 travel control measures and regulatory uncertainty saw many Hong Kong blockchain and crypto companies shift their businesses to more hospitable areas.  This policy shows a significant refocus on digital assets and coincides with the launch of the first two exchange-traded funds for cryptocurrency in Hong Kong.

Dr Ming Wu introduced the Conflux Tree-Graph public chain, explaining it is the only compliant, public and permissionless chain in China and has achieved 3000+ TPS, 5000+ nodes and 0.5s block generation. In terms of throughput, confirmation time, and cost of use, it has 2-3 orders of magnitude advantages over the international first-generation public chain “Bitcoin” and the second-generation public chain “Ethereum”. The system’s performance ranks first in the world.

Dr Mig Wu said ‘Hong Kong’s open environment for crypto provides more opportunities for practitioners in Web3 and Metaverse, especially for those from China. People here have more freedom to make the technique and business innovations in a compliant manner. This will also accelerate the integration of Web3 into the traditional internet business and economies to maximally extract its value. By expanding to Hong Kong, Conflux will be able to take a whole different strategy and have the potential to become the foundation to fulfil the Web3 vision of Hong Kong.’

The expansion follows Conflux Network being named a potential unicorn, a private startup company valued at over $1 billion, in the Emerging Giants in Asia Pacific joint report from HSBC and KPMG.  One of only five blockchain-related companies to make the prestigious list. 

About Conflux

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

To learn more about Conflux, visit confluxnetwork.org

Contact

Melissa Tirey
Shift6 Studios
conflux@shift6studios.com

DON’T MISS A BEAT

Top Stories from around the world, delivered straight to your inbox. Once Weekly.

We don’t spam! Read our privacy policy https://bizbuildermike.com/anti-spam-policy/ for more info.

Check your inbox or spam folder to confirm your subscription.

Conflux Network Expands into Hong Kong Republished from Source https://blockchain.news/news/conflux-network-expands-into-hong-kong via https://blockchain.news/RSS/

Written by bizbuildermike · Categorized: Blockchain · Tagged: blockchain

Primary Sidebar

https://youtu.be/Qvad1CQ9WOM

Blockchain Weekly Rebooted –

During the Blockchain Spring 2016 to 2020 I hosted Blockchain Weekly. Each week I interviewed someone who was doing interesting things in the blockchain space. At one time we had 29k subscribers and we were consistently getting over 15k views a week on the channel. All of that went away during the lockdown, including the Gmail address that controlled that channel. Recently, I found some of the original videos on some old hard drives. So I’m reposting a few of the relevant ones while I am starting to shoot new Blockchain Weekly Episodes to be aired 1st quarter 2023. Please subscribe to bless the You Tube Algorithm, and allow me to let you know about any updates! Our Sponsor – https://BlockchainConsultants.io

Recent reports indicate that Republican United States Senator Tim Scott, who serves as the ranking member of the Senate Banking Committee, aims to build “a bipartisan regulatory framework” for virtual currencies. Senator Scott is the ranking member of the Senate Banking Committee. In a piece that was published on the 2nd of February by Politico, […]

Search Here

Market Insights

  • Talking to Robots in Real Time
  • Electric-van start-up Arrival to cut half its remaining staff
  • Amazon: ‘Alexa, can you tell me where the money went?’
  • Premier League backs Sorare’s NFT fantasy football game despite crypto crash
  • Slimming down Big Tech
  • Hackers Launder $27 Million in Stolen Ethereum From North Korean
  • Core Scientific seeks to sell $6.6 million in Bitmain coupons
  • Shoshana Zuboff: ‘Privacy has been extinguished. It is now a zombie’
  • 8 Ways to Be More Productive After Taking a Vacation
  • [Review] Poly Studio P5 Web Camera

Tags

AI (195) andrewchen (4) Biz Builder Mike (24) Blockchain (375) Crowd Funding (49) crowdfundinsider (2) entrepreneur (694) eonetwork (28) Front Page Featured (23) MIT AI (72) startupmindset (96) Technology (413) virtual reality (1) youngupstarts (153)
  • Twitter
  • Facebook
  • About Us
  • LinkedIn
  • ANTI-SPAM POLICY
  • Google+
  • API Terms and Conditions
  • RSS
  • Archive Page
  • Biz Builder Mike is all about New World Marketing
  • Cryptocurrency Exchange
  • Digital Millennium Copyright Act (DMCA) Notice
  • DMCA Safe Harbor Explained: Why Your Website Needs a DMCA/Copyright Policy
  • Marketing? Well, how hard can that be?
  • Michael Noel
  • Michael Noel CBP
  • Noels Law of decentralization

Copyright © 2023 · Altitude Pro on Genesis Framework · WordPress · Log in

en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishtl Filipinofi Finnishfr Frenchde Germanit Italianko Koreanpt Portugueseru Russiansd Sindhies Spanishtr Turkishuz Uzbekyi Yiddishyo Yoruba