Dr. Wu Ming, the founder of Conflux Network, was invited to Hong Kong to make a speech with several government and private institutions on the innovation and technicality of the digital economy, and reached a basic development strategic cooperation intention.

During the visit, Dr. Wu Ming held a conversation with Hong Kong government departments, discussing how the Conflux Network (a layer 1 blockchain without license) can fully play a leading role in this development process based on the rise of Web3 technology innovation. Under the slogan of the current policy declaration on the development trend of virtual assets in Hong Kong officially released in October, Dr. Wu Ming had a detailed discussion with the heads and staff of various institutions.

In recent years, the harsh regulatory variability of COVID-19 tourism control methods has caused many Hong Kong blockchain and data encryption enterprises to move their business processes to more livable regions. This current policy shows the importance of digital currency again. At the same time, Hong Kong launched the first batch of two cryptocurrency exchange traded stock funds.

Dr. Wu Ming elaborated on the Conflux Tree Graph public chain, which is also the only chain in China with compliance management, publicity and no license, and can connect the overseas world and the scattered economic powers in the agreement. Conflux has achieved 3000 TPS, 5000 connection points and 0.5s block formation. Compared with the international first generation public chain "BTC" and the second generation public chain "Ether", it has advantages of 2-3 orders of magnitude in terms of freight volume, determination time and maintenance cost. The system stability ranks first in the world.

Dr. Mig Wu said, "The open natural environment of data encryption in Hong Kong has brought more opportunities for Web3 and Metaverse practitioners, especially for Chinese people. People here have more freedom to conduct technical and commercial innovation in the form of compliance management. It will also accelerate the integration of Web3 and traditional online business with the economy to maximize its value. It can expand to Hong Kong, and Conflux will adopt a different development strategy And hopefully become the precondition for completing the vision of Hong Kong Web3. "

After Conflux Network was selected as a recessive unicorn enterprise, the use value of this individual startup company exceeded 1 billion dollarsAsia's new ape giantCollaborative reporting by HSBC and KPMG. Only five blockchain related enterprises were selected.

Conflux brings unique advantages to the project construction and expansion to Asia. In this place, Conflux collaborated with world brands and local entity lines on blockchain and meta universe concept solutions, including Shanghai, KFC China and Oreo cookies.

To learn more about Conflux, please visit confluxnetwork.org