On October 25, Conflux HK held an opening ceremony at Hong Kong Cyberport, announcing its official launch. Professor Long Fan, founder of Conflux, sent his blessings. Mr. Peter Yan, Chief Executive Officer of Hong Kong Cyberport Management Co., Ltd., Mr. Terry Chan of InvestHK of the Hong Kong SAR Government, Dr. Wu Ming, Co-Founder and Chief Technology Officer of Conflux, and Mr. Zhang Yuanjie, Co-Founder and Chief Operating Officer of Conflux, jointly cut the ribbon. JP Justice of the Peace (Australia) and J Global Executive Chairman Dr. Luo Yuxuan were also present to congratulate. Based in Asia and serving the world, Conflux HK will serve as an important starting point for Confluxs comprehensive internationalization strategy and provide services to global users and partners.
(Opening Ceremony Ribbon Cutting Ceremony)
Professor Long Fan, founder of Conflux, delivered a welcome speech to the guests present. Hong Kongs free, open, inclusive and complete business culture has been hailed by Professor Long Fan as an ideal environment for Web3 innovation. Compared with saying that Hong Kong chose Web3, Professor Long Fan prefers that Web3 chose Hong Kong and Conflux came to Hong Kong. , will join in as a pioneer to build the future of Hong Kongs Web3 and help Hong Kong stand at the forefront of the competition as an international financial center. In his future plans for Conflux HK, he will actively work closely with Hong Kongs local scientific research team to develop new growth points in the field of digital finance. At the same time, Conflux also strives to let the world realize Chinas technological innovation capabilities and achievements through the window of Hong Kong.
(Conflux founder Professor Long Fan’s blessing video)
Mr. Terry Chan from InvestHK of the Hong Kong SAR Government also delivered a congratulatory speech. He said that Hong Kongs free, open and standardized business environment is a good foundation and unique advantage for the development of the digital economy. He congratulated Conflux HK on its opening and hoped that Conflux could rely on Hong Kong’s unique advantages of “backing on the motherland and connecting the world” to expand its digital business, support the development of the Guangdong-Hong Kong-Macao Greater Bay Area, and at the same time integrate with the world.
(Terry Chan, Invest Hong Kong SAR Government)
At the opening ceremony, Mr. Peter Yan, Chief Executive Officer of Hong Kong Cyberport Management Co., Ltd., was specially present to congratulate and deliver a speech. Peter said that Hong Kong Cyberport has developed into an innovation community with the digital industry as its core, bringing together more than 1,900 scientific and technological enterprises, and is striving to build a global digital technology hub and create new economic power for Hong Kong. He congratulated Conflux HK on its opening and said that he would provide support to Conflux Hong Kong as much as possible to jointly create the digital advantages of Cyberport.
(Peter Yan, Chief Executive Officer of Hong Kong Cyberport Management Company Limited)
Subsequently, Dr. Wu Ming, co-founder and chief technology officer of Conflux, delivered a speech at the opening ceremony. He introduced Confluxs next global strategic plan to the guests present, saying that Hong Kong is the first stop of Confluxs global strategy. In the future, offices will be opened in Dubai, Europe and other regions to expand the scope of business radiation and connect the global digital ecosystem. At the same time, Dr. Wu Ming said that Conflux HK will make full use of Hong Kong’s location advantages in international finance, technology and trade, actively integrate into Hong Kong’s innovation and technology development blueprint, and work with more users and ecological partners to leverage technological innovation advantages and contribute to the efficient development of Hong Kong’s digital economy.
(Dr. Wu Ming, co-founder and chief technology officer of Conflux)
Mr. Zhang Yuanjie, co-founder and chief operating officer of Conflux, introduced Conflux’s current ecological construction status, some ecological application cases, and the ecological layout plan after the launch of Conflux HK to the guests. He has long been optimistic about Hong Kongs role as a financial center in Asia and even the world, and said that Conflux will continue to export high-quality Web3 underlying infrastructure and ecology to provide greater support for the development of blockchain technology, digital economy, and Web3 in Hong Kong and even China. effect.
(Zhang Yuanjie, co-founder and chief operating officer of Conflux)
Dr. Luo Yuxuan, JP Justice of the Peace (Australia) and Executive Chairman of J Global, also delivered a speech at the scene. He welcomed technology pioneers like Conflux to come to Hong Kong and take root in Hong Kong, and expressed his blessings for the future development of Conflux HK.
(Dr. Law Yuxuan, JP Justice of the Peace)
Conflux was founded in 2018. With the founder Professor Long Fan and chief scientist and the only Chinese Turing Award winner Academician Yao Qizhi as the core, Conflux has gathered a group of experts from the Yao Class of Tsinghua University, the ACM Class of Shanghai Jiao Tong University, the University of Science and Technology of China, Top young computer scientists from prestigious universities at home and abroad such as the Massachusetts Institute of Technology (MIT) in the United States. After two years of painstaking research and development, the Conflux team launched the Conflux public chain globally. As the only compliant public chain infrastructure in China and one of the high-quality underlying infrastructures for the current development of Web 3.0, the Conflux public chain has achieved 3000+ TPS, 5000+ nodes, block generation in 0.5 seconds, and confirmation within 23 seconds. Leading in data, the main network has been running stably for nearly three years. The number of accounts on the chain has reached 24.7 million, the total number of transactions is 127 million, nearly 18,000 smart contracts have been deployed, and the network scale (number of consensus nodes) ranks third in the world. It is Chinas only public blockchain that ranks among the first echelons in the world and leads the world in performance.
At the opening ceremony, Dr. Wu Ming also introduced the blockchain SIM card (Blockchain SIM, referred to as BSIM card) jointly developed by Conflux and China Telecom to the guests. The BSIM card uses the hardware security advantages of the SIM card to protect the users private key, and is a secure and convenient Web 3.0 user terminal entry solution. He said that in the future stage, Conflux HK will start to promote the pilot work of BSIM card in Hong Kong.
In the context of the development of the global digital economy, digital transformation is an active choice to adapt to the digital economy. The BSIM card can solve the identity authentication problem that combines the digital world and the real world. Therefore, the next focus of the industrialization of the digital economy is the deep integration of digital and real world assets. Dr. Wu Ming mentioned in his speech at the ceremony that in the future, Conflux HK will also actively deploy at the digital economy compliance business level. As the underlying infrastructure of the blockchain for the digital economy, it will support the vigorous development of Hong Kong and the Greater Bay Area based on the Hong Kong dollar. The blockchain cross-border trade settlement system, combined with the Belt and Road strategy, will gradually build a digital payment ecosystem and release the data potential and innovative value of Hong Kong and the Greater Bay Area.
Conflux HK welcomes all industry partners to come for consultation and contact, and will also promote a more prosperous and diverse ecosystem to flourish and develop on Conflux. Conflux will leverage its performance and integration advantages to discuss strategic cooperation with ecological parties in the fields of technological innovation and talent exchange. Relying on the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong will serve as the outlet for Conflux’s digital innovation, embrace policies, and explore the digital economy. and the innovative strength and innovation prospects of Web 3.0.
About Conflux
Conflux was founded in 2018. With the founder Professor Long Fan and chief scientist and the only Chinese Turing Award winner Academician Yao Qizhi as the core, Conflux has gathered a group of experts from the Yao Class of Tsinghua University, the ACM Class of Shanghai Jiao Tong University, the University of Science and Technology of China, Top young computer scientists from prestigious universities at home and abroad such as the Massachusetts Institute of Technology (MIT) in the United States. The team focuses on the research and development of blockchain underlying infrastructure and common key technologies, and is committed to allowing more people to share the benefits that blockchain technology brings to life.
After two years of painstaking research and development, the Conflux team launched the Conflux public chain, the high-performance public blockchain underlying infrastructure, to the world. Its core is an original tree-graph consensus algorithm based on tree-graph structure (Tree-Graph) organizing blocks. It also applies high-bandwidth utilization transaction forwarding protocol, dynamic bandwidth allocation technology, transaction delayed execution technology, and incremental MPT data structure. and a series of innovative technologies to improve the overall performance of the blockchain system from all aspects of network, consensus, storage, and execution.
Conflux has achieved 3000+ TPS, 5000+ nodes, block generation in 0.5 seconds, and data confirmation within 23 seconds. The main network has been running stably for nearly three years. The number of accounts on the chain has reached 24.7 million, and the total number of transactions has reached 127 million. Nearly 18,000 smart contracts have been deployed, and the network scale (number of consensus nodes) ranks third in the world. It is the only public blockchain in China that ranks first in the world and leads the world in performance. With the support of stable cross-chain services and rich developer tools, Conflux has incubated and hosted hundreds of ecological projects covering various types. Among them, the digital collection platform alone has incubated more than 150 companies in China. At the same time, Conflux has cooperated with multiple global brands on blockchain underlying technology and Metaverse activities, including China Telecom, Xiaohongshu, McDonald’s China, Oreo, and Naixue’s Tea.
The teams self-developed core blockchain technology has published a number of top international academic papers and been authorized by two U.S. invention patents. Its innovation and advanced nature have attracted widespread attention from academia and industry. It is also the only company on Facebook ) The Chinese-led blockchain project technology mentioned in the company’s Diem (formerly known as Libra) alliance chain technology white paper. With the worlds most advanced performance, Conflux has broken the monopoly of Western countries in the field of blockchain underlying technology.
About BSIM card
The Blockchain SIM card (BSIM card) jointly developed by Conflux and China Telecom uses the hardware security advantages of the SIM card to protect user private keys. It is a safe and convenient Web 3.0 user terminal entry solution. There is almost no difference in appearance between the BSIM card and the traditional SIM card, but the storage space is expanded by 10-20 times, and the computing power is increased by dozens of times. The users public and private keys can be generated and stored in the card, so that the private key does not leave the card digital signature, thereby reducing the risk of users being attacked by malware such as Trojans and viruses on their mobile phones. Its advantages focus on the following aspects:
Portable: Integrated into the user’s mobile phone SIM card, no need to carry additional equipment;
High security: SE chip with bank card chip security level;
High performance: Using ECC hardware coprocessor, the signing speed is fast;
Fully compatible: The interface adopts Bluetooth 4.0 solution and is compatible with Android and iPhone phones;
Good experience: the user operation method is consistent with that of ordinary APP, lowering the learning threshold;
Easy promotion: Bind with the operators marketing system to facilitate promotion and subsequent provision of value-added services.
From the regulatory perspective required for digital economic governance, using the BSIM card as the entrance for users to manage blockchain accounts and access the Web 3.0 network can indirectly realize the real-name system of blockchain/Web 3.0 accounts through the real-name system of mobile phone numbers. It can verify the users mobile phone number, thereby directly reducing KYC costs, reducing user privacy leakage, and providing better conditions for the popularization of Web 3.0 applications.
In terms of applications based on BSIM cards, various application scenarios such as digital asset management, digital identity, mobile phone three defenses (anti-fraud, anti-harassment, anti-loss), and Internet of Things terminals have been planned and pre-researched.
