OKX Lennix: OKX will enhance POR transparency to traditional financial audit standards

ChainCatcher news, Lennix, Managing Director of Global Institutional Business at OKX, was invited to attend the "POW'ER 2023 Hong Kong Web3 Innovators Summit" and delivered a keynote speech titled "Viewing the World from Hong Kong: How to Seize Opportunities in the Web3 Era."

Lennix stated that OKX effectively avoids the risks of centralized auditing through its Merkle tree-based Proof of Reserves (PoR) and independent custody address functions, achieving asset transparency comparable to traditional finance. All users can view the two PoR audit results on the OKX official website and can verify them using self-verification features and open-source tools. In addition to regularly publishing PoR reports, OKX will also leverage technologies such as zero-knowledge proofs in the future to continuously enhance transparency and strive to protect user asset security. With advancements in technology, the transparency of PoR can meet the standards of traditional financial audits. (Source link)