Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention.

During the visit, Dr. Ming Wu spoke to the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network, a permissionless Layer 1 blockchain, could play a foundational role in these developments. Dr. Ming Wu had an in-depth discussion with the heads and reception staff of various institutions under the new “Policy Declaration on the Development of Hong Kong Virtual Assets” officially released in October.

Over the past several years, stringent COVID-19 travel control measures and regulatory uncertainty saw many Hong Kong blockchain and crypto companies shift their businesses to more hospitable areas.  This policy shows a significant refocus on digital assets and coincides with the launch of the first two exchange-traded funds for cryptocurrency in Hong Kong.

Dr. Ming Wu introduced the Conflux Tree-Graph public chain, the only compliant, public and permissionless chain in China that is able to connect decentralized economies across borders and protocols. Conflux has already achieved 3000+ TPS, 5000+ nodes and 0.5s block generation. In terms of throughput, confirmation time, and cost of use, it has 2-3 orders of magnitude advantages over the international…