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Shanghai, China, Sept. 1, 2022, Chainwire
Confluxis the only regulated public blockchain in China and recentlyLeading the 100 largest emerging companies in Asia PacificIn a report published by KPMG and HSBC. Conflux is one of only five cryptocurrency startups to make it onto the report’s Top 100 Startups list, alongside Hyperchain Technology, Stader Labs, Maicoin and Catheon Gaming.
KPMG HSBC’s report highlights the diversity and depth of innovators in various emerging sectors in Asia Pacific, including SaaS, sustainability, fintech and blockchain. Two financial institutions analyzed over 6,000 start-ups operating in the Asia-Pacific region to identify the next potential unicorns start-ups with valuations over $1 billion.
As the only regulated public blockchain in China, Conflux is uniquely positioned to provide blockchain technology to domestic as well as international enterprises seeking global decentralized blockchain solutions. Conflux’s underlying blockchain infrastructure is currently being leveraged by a wide variety of municipalities, government agencies, businesses and brands across use cases such as supply chain management, NFTs and DeFi. So far, domestic and foreign brands such as CCTV, McDonald’s China, Oreo, LVMH and NAYUKI have launched his NFT collections at Conflux Core.
Conflux co-founder Fan Long said: As more and more companies and start-ups explore blockchain technology, we will continue to provide the tools they need to launch and scale their products within a flexible yet fully decentralized environment.
Earlier this year, Conflux underwent a hard fork to provide more flexibility to developers building on Conflux while increasing security against potential attacks. The upgrade introduces the addition of a Proof of Stake (PoS) finality chain that extends the network’s existing Proof of Work (PoW) chain, providing a way to scale projects without compromising security. Conflux also introduced eSpace, an EVM-compatible smart contract execution environment that allows developers to easily deploy and run his Ethereum-native dApps and smart contracts within his Conflux ecosystem. did.
Although only five cryptocurrency startups made it onto this year’s ‘Leading 100’ list, the report shares a promising outlook for blockchain technology. Darren Yung, Head of Technology, Media and Telecom (TMT) at KPMG Asia Pacific, said in his report: If these unicorns deliver value, applications will come back to life and emerge as the next Amazon. “
Conflux is a permissionless layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to a hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with no congestion, low fees, and improved network security.
As the only regulated public blockchain in China, Conflux offers unique advantages for building projects and expanding into Asia. In the region, Conflux has worked with global brands and government agencies such as Shanghai Municipality, McDonald’s China, and Oreo on blockchain and metaverse initiatives.
For more information on Conflux, please visit: conluxnetwork.org /
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