KPMG and HSBC Report Names Conflux as One in every of Asia’s Main Crypto Initiatives

[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 prime 100 startups checklist alongside Hyperchain Know-how, Stader Labs, Maicoin, and Catheon Gaming.

The KPMG HSBC report sheds mild on the range and depth of innovators in varied 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 subsequent potential unicorns — a startup valued at over $1 billion.

As the one regulatory-compliant public blockchain in China, Conflux is uniquely positioned to convey blockchain expertise, not solely to home enterprises but in addition to worldwide corporations on the lookout for a globally decentralized blockchain answer. Conflux’s underlying blockchain infrastructure is at the moment being utilized by a variety of native municipalities, authorities companies, enterprises, and types throughout use circumstances like provide chain administration, NFTs, DeFi, and extra. Thus far, each home and international 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 prime blockchain corporations rising from the APAC area,” stated Fan Lengthy, Co-Founding father of Conflux. “As increasingly more enterprises and startups discover blockchain expertise, we’ll proceed to supply 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 offer 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 present Proof of Work (PoW) chain, offering a approach for initiatives to scale with out sacrificing safety. Conflux additionally launched eSpace, an EVM-compatible good contract execution surroundings that permits builders to simply deploy and execute Ethereum-native dApps and good contracts inside the Conflux ecosystem.

Although solely 5 crypto startups made this yr’s Main 100’ checklist, the report shared a promising outlook for blockchain expertise. Darren Yong, the pinnacle 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 will likely be a resurgence of purposes, if these unicorns are delivering worth they might emerge as the subsequent 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 initiatives constructing and increasing into Asia. Within the area, Conflux has collaborated with international manufacturers and authorities entities on blockchain and metaverse initiatives, together with town of Shanghai, McDonald’s China, and Oreo.

To be taught extra about Conflux, go to


Binance Free $100 (Unique): Use this hyperlink to register and obtain $100 free and 10% off charges on Binance Futures first month (phrases).

PrimeXBT Particular Provide: Use this hyperlink to register & enter POTATO50 code to obtain as much as $7,000 in your deposits.

How Low Can Bitcoin Go? This is What The Totally different Value Fashions Say

Crypto Market Stays Extraordinarily Fearful As Bitcoin Struggles At $20,000