HONG KONG SAR – Media OutReach – October 27, 2023 – On October 25, the Conflux Hong Kong office celebrated its official launch with an opening ceremony at Hong Kong Cyberport.
The inauguration ceremony
Conflux founder Professor Long Fan was unable to attend in person and instead sent his blessings via video call. The groundbreaking ceremony was jointly led by Peter Yan, CEO of Cyberport Management Co., Ltd., Terry Chan of Invest Hong Kong of the Hong Kong Special Administrative Region Government, Dr. Wu Ming, co-founder and director of technology. of Conflux, and Zhang Yuanjie, co-founder and COO of Conflux. Special congratulations were given by Dr Joseph Rodarick Law, Justice of the Peace of Australia and Executive Chairman of J Global. Strategically positioned in the heart of Asia and extending its reach worldwide, the Hong Kong office forms a hub in Conflux’s overall internationalization strategy to provide services to global users and partners.
Then, Terry Chan of Invest Hong Kong of the HKSAR Government offered his blessing. He stressed that Hong Kong’s free, open and well-regulated business environment provides an excellent foundation for the development of the digital economy. He congratulated Conflux on the opening of the new office and expressed hope that Conflux, leveraging Hong Kong’s unique advantage of being “backed by the motherland and connected to the world”, will expand its digital businesses and support the development of the Greater Bay region. , and align with the global community.
Peter Yan, CEO of Hong Kong Cyberport Management Co., Ltd., also offered his congratulations. Peter said Cyberport has become an innovation community focused on the digital industry, bringing together more than 1,900 technology and creative companies. Cyberport is actively working to establish itself as a global digital technology hub, thereby contributing to Hong Kong’s economic dynamism. He congratulated Conflux on the opening of its office and expressed his commitment to providing support to Conflux, working together to create Cyberport’s digital advantage.
Next, Dr. Wu Ming, co-founder and CTO of Conflux, gave a speech. He presented Conflux’s next global strategic plan, stating that Hong Kong marks the first step in Conflux’s global strategy. Subsequently, offices will be established in Dubai, Europe and other regions, to expand business reach and connect to the global digital ecosystem. At the same time, Dr. Wu Ming said that Conflux’s Hong Kong office will make full use of Hong Kong’s advantages in finance, technology and international trade. By actively integrating with Hong Kong’s technology development plan, Conflux will collaborate with more users and ecosystem partners, reap the benefits of technological innovation, and contribute to the development of Hong Kong’s digital economy .
The next speech came from Zhang Yuanjie, co-founder and COO of Conflux, where he introduced the current state of the Conflux ecosystem, highlighted some application cases of the ecosystem, and revealed the ecosystem management plan. He expressed optimism about Hong Kong’s role as a global financial center and promised that Conflux would remain committed to providing high-quality Web 3.0 infrastructure and ecosystem, strengthening blockchain technology, digital economy and development. of Web 3.0 in Hong Kong and China.
Dr Joseph Rodarick Law, Justice of the Peace of Australia and Executive Chairman of J Global, delivered the final address. He welcomed tech pioneers like Conflux to Hong Kong, encouraging them to set up operations in the city. He expressed his blessing for the future development of Conflux in Hong Kong.
Conflux was founded in 2018, with Professor Long Fan and Chief Scientist, as well as Turing Award winner Professor Andrew Yao. The team is composed of outstanding young computer scientists from prestigious institutions such as Tsinghua University, Shanghai Jiao Tong University, China University of Science and Technology, and Massachusetts Institute of Technology. After two years of dedicated research and development, the team launched the Conflux public blockchain globally. As the only regulatory-compliant public blockchain in China and one of the high-quality underlying infrastructure for Web 3.0 development, Conflux’s public blockchain has achieved a data lead, with more of 3,000 transactions per second (TPS), over 5,000 nodes, 0.5 second block time and 23 second confirmation time. The mainnet has been operating stably for almost three years, with over 24.7 million on-chain accounts, 127 million transactions, and nearly 18,000 smart contracts deployed. Conflux ranks third in the world in terms of network size (by number of consensus nodes) and is the only Chinese public blockchain that is among the most successful in the world.
During the opening ceremony, Dr. Wu Ming also introduced the guests to the Blockchain SIM card (“BSIM card”), jointly developed by Conflux and China Telecom. Leveraging the hardware security benefits of SIM cards, the BSIM card protects users’ private keys, presenting a seamless and secure solution for Web 3.0 users. He mentioned that in the near future, Conflux will launch pilot testing for the BSIM card in Hong Kong.
With the development of the global digital economy, adopting digital transformation is becoming a proactive and strategic choice. The BSIM card solves the problem of identity authentication, bridging the gap between the digital and physical worlds. The next goal of digitalization of the economy lies in the deep integration of digital and real assets. In his speech, Dr. Wu Ming mentioned that the Hong Kong office will continue to actively engage in digital economy compliance activities. Serving as a fundamental infrastructure for the digital economy, it will help Hong Kong and the Greater Bay Area vigorously develop a blockchain-based cross-border trade settlement system using the Hong Kong dollar. This initiative, coupled with the Belt and Road strategy, aims to build a digital payment ecosystem, unlocking the innovative potential and value of Hong Kong and the Greater Bay Area.
The Conflux Hong Kong office welcomes partners from various sectors to consult and collaborate to foster a more vibrant and diverse ecosystem. Leveraging its performance and integration advantages, Conflux will engage in strategic collaborations with its ecosystem partners in areas such as technological innovation and talent exchange. With the support of the Greater Bay Area, Hong Kong serves as Conflux’s gateway to digital innovation, adopting policies that explore the innovation potential and future prospects of the digital and web economy 3.0.
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