CESS attended the Washington Blockchain Policy Summit: Participated in the discussion on national security and data privacy protection

On December 16-17, the 2024 Blockchain Policy Summit, hosted by the Blockchain Association (BA), took place in Washington, D.C. The summit attracted numerous leaders from the blockchain industry, policymakers, and regulatory bodies, engaging in in-depth discussions on blockchain policy, regulatory frameworks, and the future development of emerging technologies. Former President Trump called into the summit to congratulate the attendees, emphasizing the critical role of the blockchain and crypto industry in national economy and security. He stated that the new administration would support the proactive advancement of crypto policies, listen to industry voices, and promote a balanced development of innovation and regulation. As Trump said in the video call, "We behind you, we fight for you." The development of blockchain technology and the progress of the industry rely on the construction of underlying infrastructure and compliant development at the official level. Projects like CESS showcased the innovative charm of technology and the real use case value to legislators at the summit.

CESS Invited as a Representative Project of DePIN

As an important promoter of Decentralized Physical Infrastructure Networks (DePIN), CESS Network was invited to attend the summit and formed a DePIN working group with leading industry projects such as GEODNET, Helium, IoTeX, and Filecoin. The working group engaged in in-depth discussions on the policy development, regulatory compliance, and future of DePIN, aiming to apply DePIN technology to real use cases and promote industry standardization and practical applications.

CESS Participates in National Security and Data Privacy Discussion

During the closed-door meeting on the first day, CESS was invited to participate in a discussion on how blockchain technology can enhance national security and data privacy protection, sharing its innovative technologies and application solutions in data security. CESS engaged in in-depth exchanges around the following core topics:

• Data Security and User Privacy Protection: CESS proposed a "Decentralized Data Privacy Management Solution" that ensures the secure storage, sharing, and use of sensitive data through multi-layer privacy permissions, data encryption, and Proxy Re-encryption Technology (PReT), addressing traditional data leakage and privacy abuse issues.
• Data Compliance and Regional Data Management: CESS meets regulatory compliance requirements of different countries and regions through Location-Based Storage Selection (LBSS) technology, assisting government agencies and enterprises in achieving compliant data storage and access.
• National Security Technical Support: CESS's decentralized infrastructure provides reliable guarantees for the secure storage and rapid dispatch of critical national data, particularly suitable for data needs in public safety, national defense, and critical infrastructure sectors. During this closed-door summit, the CESS team highlighted our innovative solutions in data security, privacy protection, and compliance. Key policymakers, including Senators Cynthia Lummis, Patrick McHenry, Tim Scott, and Congressman Ro Khanna, participated in the discussion, emphasizing the importance of blockchain technology in strengthening national security and protecting data privacy.

The CESS team was honored to meet with Congressman Tom Emmer (R-MN), where we discussed the role of blockchain in promoting innovation and enhancing data privacy.

Senator Tim Scott attended the summit and showcased his long-term commitment to supporting fintech innovation. As the new chairman of the Senate Banking Committee, he expressed great interest in the future development of blockchain technology, particularly regarding the promotion of technological innovation and data privacy protection in real use cases.

Congressman Patrick McHenry (R-NC) pointed out the challenges currently faced in stablecoin regulation and collaboration with the current government, while he will continue to advocate for clear policies to support the growth of blockchain and the development of the market.

Democratic Congressman Wiley Nickel (D-NC) attended the summit, and the CESS team discussed the development of blockchain technology with him, sharing how decentralized solutions (like CESS) can promote data privacy protection and technological innovation.

Democratic Congressman Ro Khanna (D-CA) also engaged with the CESS team, and we explored how blockchain can drive innovation and promote economic growth through decentralized technology.

DePIN Becomes a Key Topic, CESS's Decentralized Data Infrastructure Draws Attention

At this summit, DePIN (Decentralized Physical Infrastructure Network) received significant attention as an important discussion area. BA emphasized that the practical application of DePIN technology has gradually gained recognition from policymakers, becoming one of the key areas of focus for legislators, alongside Stablecoins, DeFi, and Staking as future legislative priorities. As a key promoter of DePIN technology, CESS provides a complete decentralized data storage and management solution, leveraging key technologies such as Decentralized Object Storage (DeOSS), Location-Based Storage Selection (LBSS), and Multi-Replica Recoverable Storage Proof (PoDR²) to facilitate the compliance and commercialization of DePIN applications globally.

CESS's Vision: Promoting Compliance and Innovation Together

The three co-founders of CESS, Nicholas, Joseph, and Jessie, stated at the meeting: "Collaboration with policymakers is a crucial cornerstone for the implementation of blockchain technology. CESS is committed to providing secure, compliant, and efficient technological solutions for global decentralized infrastructure, aiding the standardized development of the industry. Through close cooperation with BA and other industry partners, we will continue to promote the compliance and popularization of DePIN technology, making data sovereignty and security important supports for global development."

Conclusion

At this critical juncture of blockchain policy and technological innovation, CESS actively promotes the improvement of decentralized infrastructure policies and industry compliance by participating in the 2024 Blockchain Policy Summit. As an important member of the DePIN working group, CESS will continue to work with industry partners to provide global users with secure, privacy-protecting, and compliant data storage and management solutions, helping blockchain technology move towards a broader future. - About the Blockchain Association The Blockchain Association (BA) is the collective voice of the cryptocurrency and blockchain industry, bringing together top investors, companies, and projects in the field to advocate for a future-oriented, innovation-friendly national policy framework. BA's mission is to promote the adoption of blockchain technology and shape a secure, open, and inclusive digital economy through collaboration among policymakers, regulators, and industry leaders. To learn more about BA and its initiatives, please visit http://theblockchainassociation.org/.