KPMG and HSBC Report Names Conflux as One of Asia’s Leading Crypto Projects

Shanghai, China, September 1, 2022, Chainwire

Confluxthe only public blockchain in China that is compliant with regulations, it was recently named one of the ‘Leading 100 emerging giants in Asia Pacific‘in a report published by KPMG and HSBC. Conflux was among only five crypto startups to reach the report’s top 100 startup list along with Hyperchain Technology, Stader Labs, Maicoin, and Catheon Gaming.

KPMG and HSBC Report Nominate Conflux as One of the Leading Crypto Projects in Asia 1

The KPMG HSBC report highlights the diversity and depth of innovators in various emerging industries in the Asia Pacific region, including SaaS, sustainability, fintech, blockchain and more. The two financial institutions analyzed more than 6,000 startups operating in the Asia Pacific region to identify the next potential unicorns, a startup worth more than $ 1 billion.

As the only regulatory compliant public blockchain in China, Conflux is uniquely positioned to bring blockchain technology, not only to domestic businesses but also to international companies looking for a globally decentralized blockchain solution. Conflux’s underlying blockchain infrastructure is currently used by a wide range of local municipalities, government agencies, businesses and brands in use cases such as supply chain management, NFT, DeFi, and more. To date, national and global brands such as CCTV, Mcdonald’s China, Oreo, LVMH and NAYUKI have launched NFT collections on Conflux Core.

“We are thrilled to be recognized as one of the leading emerging blockchain companies from the APAC region,” said Fan Long, co-founder of Conflux. “As more companies and startups explore blockchain technology, we will continue to provide them with the tools they need to launch and scale their products in a flexible yet fully decentralized environment.”

Earlier this year, Conflux underwent a hard fork to give Conflux-based developers more flexibility while improving security against potential attacks. The update introduced the addition of a Proof of Stake (PoS) purpose chain that expands on the network’s existing Proof of Work (PoW) chain, providing a way to scale projects without sacrificing security. Conflux also introduced eSpace, an EVM-compatible smart contract execution environment that allows developers to easily deploy and run Ethereum-native dApps and smart contracts within the Conflux ecosystem.

Although only five crypto startups made this year’s list of 100 leaders, the report shared a promising outlook for blockchain technology. Darren Yong, the head of technology, media and telecommunications (TMT) for KPMG Asia-Pacific, said in the report, “We believe blockchain companies and crypto assets in general will recover at some point. There will be a resurgence. applications, if these unicorns are offering value they would emerge as the next Amazon.

About Conflux

Conflux is a permissionless Level 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to hybrid PoW / PoS consensus, Conflux offers a fast, secure, and scalable blockchain environment with zero congestion, low fees, and enhanced network security.

As the only regulatory compliant public blockchain in China, Conflux offers a unique advantage for projects building and expanding in Asia. In the region, Conflux has partnered with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

To learn more about Conflux, visit confluxnetwork.org/

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