KPMG and HSBC Report Names Conflux as One in all Asia’s Main Crypto Tasks

[PR – Shanghai, China, 1st September, 2022, Chainwire]

Conflux, the one regulatory-compliant public blockchain in China, was not too long ago named one of many ‘Main 100 Rising Giants in Asia Pacific’ in a report launched by KPMG and HSBC. Conflux was amongst simply 5 crypto startups to make it to the report’s high 100 startups listing alongside Hyperchain Expertise, Stader Labs, Maicoin, and Catheon Gaming.

The KPMG HSBC report sheds gentle on the range and depth of innovators in numerous rising sectors throughout the Asia Pacific area, together with SaaS, sustainability, fintech, blockchain, and extra. The 2 monetary establishments analyzed over 6,000 startups working within the Asia Pacific area to determine the following potential unicorns — a startup valued at over $1 billion.

As the one regulatory-compliant public blockchain in China, Conflux is uniquely positioned to carry blockchain expertise, not solely to home enterprises but in addition to worldwide corporations in search of a globally decentralized blockchain resolution. Conflux’s underlying blockchain infrastructure is at present being utilized by a variety of native municipalities, authorities companies, enterprises, and types throughout use instances like provide chain administration, NFTs, DeFi, and extra. So far, each home and world manufacturers like CCTV, Mcdonald’s China, Oreo, LVMH, and NAYUKI have launched NFT collections on Conflux Core.

“We’re thrilled to be acknowledged as one of many high blockchain corporations rising from the APAC area,” mentioned Fan Lengthy, Co-Founding father of Conflux. “As an increasing number of enterprises and startups discover blockchain expertise, we’ll proceed to offer them with the instruments wanted to launch and scale their merchandise inside a versatile but absolutely decentralized surroundings.”

Earlier this yr, Conflux underwent a tough fork to provide builders constructing on Conflux extra flexibility whereas additionally enhancing safety towards potential assaults. The improve launched the addition of a Proof of Stake (PoS) finality chain that expands on the community’s current Proof of Work (PoW) chain, offering a method for tasks to scale with out sacrificing safety. Conflux additionally launched eSpace, an EVM-compatible sensible contract execution surroundings that permits builders to simply deploy and execute Ethereum-native dApps and sensible contracts inside the Conflux ecosystem.

Although solely 5 crypto startups made this yr’s Main 100’ listing, the report shared a promising outlook for blockchain expertise. Darren Yong, the top of tech, media, and telecoms (TMT) for KPMG Asia-Pacific said within the report, “We consider that blockchain corporations and crypto property extra broadly will rebound in some unspecified time in the future. There shall be a resurgence of purposes, if these unicorns are delivering worth they’d emerge as the following Amazon.”

About Conflux

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies throughout borders and protocols. Not too long ago migrated to hybrid PoW/PoS consensus, Conflux supplies a quick, safe, and scalable blockchain surroundings with zero congestion, low charges, and improved community safety.

As the one regulatory-compliant public blockchain in China, Conflux supplies a novel benefit for tasks constructing and increasing into Asia. Within the area, Conflux has collaborated with world manufacturers and authorities entities on blockchain and metaverse initiatives, together with town of Shanghai, McDonald’s China, and Oreo.

To study extra about Conflux, go to confluxnetwork.org

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