Conflux HK opens, starting a new chapter in global growth
On October 25, Conflux HK held its opening ceremony at Cyberport in Hong Kong, announcing its official launch.Author: ChainCatcher
On October 25, Conflux HK held its opening ceremony at Cyberport in Hong Kong, officially announcing its launch. Professor Long Fan, the founder of Conflux, sent his blessings. Mr. Peter Yan, CEO of Hong Kong Cyberport Management Company, Mr. Terry Chan from the Hong Kong Special Administrative Region Government's Invest Hong Kong, Dr. Wu Ming, co-founder and CTO of Conflux, and Mr. Zhang Yuanjie, co-founder and COO of Conflux, jointly performed the ribbon-cutting ceremony. JP Sir (Australia) and Dr. Luo Yuxuan, Executive Chairman of J Global, also attended to offer their congratulations. Based in Asia and serving globally, Conflux HK will serve as an important starting point for Conflux's comprehensive internationalization strategy, providing services to global users and partners.
(Ribbon-cutting ceremony)
Professor Long Fan, the founder of Conflux, delivered a welcome speech to the guests present. He praised Hong Kong's free, open, inclusive, and well-developed business culture as an "ideal environment for Web3 innovation." Rather than saying that Hong Kong chose Web3, Professor Long prefers to think that Web3 chose Hong Kong. Conflux's arrival in Hong Kong will serve as a pioneer in building the future of Web3 in Hong Kong, helping the city stand out in the competition as an international financial center. In his future plans for Conflux HK, he emphasized close collaboration with local research teams to explore new growth points in the digital finance sector. At the same time, Conflux aims to let the world recognize China's technological innovation capabilities and achievements through the "window" of Hong Kong.
(Blessing video from Professor Long Fan, founder of Conflux)
Mr. Terry Chan from the Hong Kong Special Administrative Region Government's Invest Hong Kong also spoke at the event, expressing his blessings. He stated that Hong Kong's free, open, and regulated business environment provides a solid foundation and unique advantages for developing the digital economy. He congratulated Conflux HK on its opening and expressed hope that Conflux could leverage Hong Kong's unique advantages of "backing the motherland and connecting the world" to expand its digital business and support the development of the Guangdong-Hong Kong-Macao Greater Bay Area while aligning with global standards.
(Mr. Terry Chan from Invest Hong Kong)
At the opening ceremony, Mr. Peter Yan, CEO of Hong Kong Cyberport Management Company, was present to congratulate and deliver a speech. Peter stated that Hong Kong Cyberport has developed into an innovative community centered around the digital industry, gathering over 1,900 tech innovation enterprises, and is striving to create a global digital technology hub to generate new economic momentum for Hong Kong. He congratulated Conflux HK on its opening and expressed his commitment to providing support to create digital advantages for Cyberport.
(Mr. Peter Yan, CEO of Hong Kong Cyberport Management Company)
Subsequently, Dr. Wu Ming, co-founder and CTO of Conflux, delivered a speech at the opening ceremony. He introduced Conflux's upcoming global strategic plans, stating that Hong Kong is the first stop in Conflux's global strategy, with plans to open offices in Dubai, Europe, and other regions to expand its business reach and connect with the global digital ecosystem. Dr. Wu also mentioned that Conflux HK will fully utilize Hong Kong's geographical advantages in international finance, technology, and trade, actively integrating into Hong Kong's innovation and technology development blueprint, and collaborating with more users and ecosystem partners to leverage technological innovation for the efficient development of Hong Kong's digital economy.
(Dr. Wu Ming, co-founder and CTO of Conflux)
Mr. Zhang Yuanjie, co-founder and COO of Conflux, introduced the current status of Conflux's ecosystem construction, some ecological application cases, and the ecological layout plan after the launch of Conflux HK to the guests present. He expressed a long-term optimistic view of Hong Kong's role as a financial center in Asia and globally, stating that Conflux will continue to provide high-quality Web3 underlying infrastructure and ecosystem support for the blockchain technology and digital economy development in Hong Kong and China.
(Mr. Zhang Yuanjie, co-founder and COO of Conflux)
JP Sir (Australia) and Dr. Luo Yuxuan, Executive Chairman of J Global, also spoke at the event, welcoming technology pioneers like Conflux to settle in Hong Kong and expressing their blessings for the future development of Conflux HK.
(JP Sir Dr. Luo Yuxuan)
Founded in 2018, Conflux is centered around founder Professor Long Fan and Chief Scientist, the only Chinese Turing Award winner, Academician Yao Qizhi, gathering a group of top young computer scientists from prestigious universities such as Tsinghua University's "Yao Class," Shanghai Jiao Tong University's ACM Class, University of Science and Technology of China, and the Massachusetts Institute of Technology (MIT). After two years of dedicated 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 stage of Web 3.0 development, the Conflux public chain has achieved over 3000 TPS, more than 5000 nodes, a block time of 0.5 seconds, and data confirmation within 23 seconds. The mainnet has been running stably for nearly three years, with on-chain accounts reaching 24.7 million, a total of 127 million transactions, and nearly 18,000 deployed smart contracts. The network scale (number of consensus nodes) ranks third in the world, making it the only Chinese blockchain public chain in the world's top tier, leading globally in performance.
At the opening ceremony, Dr. Wu Ming also introduced the blockchain SIM card (Blockchain SIM, abbreviated as "BSIM Card") jointly developed by Conflux and China Telecom. The BSIM Card utilizes the hardware security advantages of SIM cards to protect user private keys, serving as a secure and convenient entry solution for Web 3.0 users. He stated that in the future, Conflux HK will promote pilot projects for the BSIM Card in Hong Kong.
In the context of the global digital economy's development, digital transformation is a proactive 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, making the next focus of digital economy industrialization the deep integration of digital and real-world assets. In his speech at the ceremony, Dr. Wu mentioned that in the future, Conflux HK will also actively layout in the compliance business layer of the digital economy, serving as the underlying infrastructure for the digital economy, supporting the vigorous development of a blockchain cross-border trade settlement system based on the Hong Kong dollar in Hong Kong and the Greater Bay Area, and gradually building a digital payment ecosystem in conjunction with the "Belt and Road" strategy to unleash the data potential and innovative value of Hong Kong and the Greater Bay Area.
Conflux HK welcomes partners from various industries to consult and engage, and will also promote a more prosperous and diverse ecosystem to thrive and develop on Conflux. Conflux will leverage its performance and integration advantages to explore strategic cooperation in technological innovation, talent exchange, and other fields with ecosystem partners, relying on the Guangdong-Hong Kong-Macao Greater Bay Area, using Hong Kong as Conflux's digital innovation gateway, embracing policies, and exploring the innovative strength and prospects of the digital economy and Web 3.0.
About Conflux
Founded in 2018, Conflux is centered around founder Professor Long Fan and Chief Scientist, the only Chinese Turing Award winner, Academician Yao Qizhi, gathering a group of top young computer scientists from prestigious universities such as Tsinghua University's "Yao Class," Shanghai Jiao Tong University's ACM Class, University of Science and Technology of China, and the Massachusetts Institute of Technology (MIT). The team focuses on the research and development of blockchain underlying infrastructure and key common technologies, aiming to enable more people to share the benefits brought by blockchain technology to life.
After two years of dedicated research and development, the Conflux team launched the high-performance public blockchain infrastructure, the Conflux public chain, globally. Its core is an innovative tree-graph consensus algorithm that organizes blocks based on a tree-graph structure, while also applying a series of innovative technologies such as high bandwidth utilization transaction forwarding protocols, dynamic bandwidth allocation technology, transaction delayed execution technology, and incremental MPT data structures, enhancing the overall performance of the blockchain system from various aspects including network, consensus, storage, and execution.
Conflux has achieved over 3000 TPS, more than 5000 nodes, a block time of 0.5 seconds, and data confirmation within 23 seconds. The mainnet has been running stably for nearly three years, with on-chain accounts reaching 24.7 million, a total of 127 million transactions, and nearly 18,000 deployed smart contracts. The network scale (number of consensus nodes) ranks third in the world, making it the only Chinese blockchain public chain in the world's top tier, leading globally in performance. With stable cross-chain services and rich developer tool support, Conflux has incubated and hosted hundreds of ecological projects covering various types, including over 150 enterprises in the domestic digital collectibles platform category alone. At the same time, Conflux has collaborated with multiple global brands on blockchain underlying technology and metaverse activities, including China Telecom, Xiaohongshu, McDonald's China, Oreo, and Nayuki Tea.
The core technological achievements of the blockchain independently developed by the team have been published in several top international academic papers and have received two U.S. invention patents, gaining widespread attention in both academia and industry. It is also the only blockchain project led by Chinese people mentioned in the Diem (formerly Libra) consortium's technical white paper by Facebook. With the world's leading performance, Conflux has broken the monopoly of Western countries in the field of blockchain underlying technology.
About BSIM Card
The blockchain SIM card (Blockchain SIM, abbreviated as "BSIM Card") jointly developed by Conflux and China Telecom utilizes the hardware security advantages of SIM cards to protect user private keys, serving as a secure and convenient entry solution for Web 3.0 users. The BSIM Card looks almost identical to traditional SIM cards, but its storage capacity is expanded by 10-20 times, and its computing power is improved by several dozen times, allowing it to generate and store users' public and private keys within the card. This enables digital signatures to be made without the private key leaving the card, thereby reducing the risk of users being attacked by malware such as Trojans and viruses on their phones. Its advantages are concentrated in the following aspects:
- Convenience: Integrated into the user's mobile phone SIM card, no need to carry additional devices;
- High security: SE chip with the security level of a bank card chip;
- High performance: Uses ECC hardware co-processor for fast signing speed;
- Full compatibility: Interface uses Bluetooth 4.0 solution, compatible with Android and iPhone phones;
- Good experience: User operation is consistent with ordinary apps, lowering the learning curve;
- Easy promotion: Bound to the operator's marketing system, facilitating promotion and subsequent value-added services.
From the regulatory perspective required for digital economy governance, using the BSIM Card as the entry point for users to manage blockchain accounts and access Web 3.0 networks can indirectly achieve real-name verification of blockchain/Web 3.0 accounts through the real-name system of mobile phone numbers. Users can verify their phone numbers through the BSIM Card account, thereby directly reducing KYC costs and minimizing user privacy leaks, providing better conditions for the popularization of Web 3.0 applications.
In terms of applications based on the BSIM Card, various application scenarios have been planned and researched, including digital asset management, digital identity, mobile "three defenses" (anti-fraud, anti-harassment, anti-loss), and IoT terminals.
