Business Daily Media

Men's Weekly

.

Conflux‘s Hong Kong Office Officially Opens, Ushering in a New Chapter of Global Growth

HONG KONG SAR - Media OutReach - 27 October 2023 - On October 25th, the Conflux Hong Kong office celebrated its official launch with an opening ceremony at the Hong Kong Cyberport.



The ribbon cutting ceremony
The ribbon cutting ceremony

Conflux founder Professor Long Fan was unable to attend in-person and instead sent his blessings through a video call. The ribbon-cutting ceremony was conducted jointly by Peter Yan, CEO of Cyberport Management Co., Ltd., Terry Chan from the Invest Hong Kong of the Hong Kong Special Administrative Region Government, Dr. Wu Ming, Co-founder and Chief Technology Officer of Conflux, and Zhang Yuanjie, Co-founder and Chief Operating Officer of Conflux. Special congratulations were extended by Dr. Joseph Rodarick Law, Justice of the Peace of Australia and Executive Chairman of J Global. Positioned strategically in the heart of Asia and extending its reach worldwide, the Hong Kong office stands as a pivotal hub in Conflux's comprehensive internationalization strategy to deliver services to global users and partners.

Next, Terry Chan from the Invest Hong Kong of the Hong Kong SAR Government offered his blessings. He emphasized that Hong Kong's free, open, and well-regulated business environment provides an excellent foundation for developing the digital economy. He congratulated Conflux on the opening of the new office and expressed his hope that Conflux, leveraging Hong Kong's unique advantage of being "backed by the motherland and connected to the world," will expand its digital business, support the development of the Greater Bay Area, and align itself with the global community.

Peter Yan, CEO of Hong Kong Cyberport Management Co., Ltd., also offered his congratulations. Peter stated that Cyberport has evolved into an innovation community centered around the digital industry, bringing together over 1,900 technology and creative enterprises. Cyberport is actively working to establish itself as a global digital technology hub, contributing to the economic momentum in Hong Kong. He congratulated Conflux on the opening of their office and expressed his commitment to providing support to Conflux, working together to create Cyberport's digital advantage.

Afterwards, Dr. Wu Ming, Co-founder and Chief Technology Officer of Conflux, delivered a speech. He introduced Conflux's upcoming global strategic plan, stating that Hong Kong marks the first step of Conflux's global strategy. Subsequently, offices will be established in Dubai, Europe, and other regions, to expand business outreach and connect with the global digital ecosystem. In the meantime, Dr. Wu Ming expressed that the Conflux Hong Kong office will fully utilize Hong Kong's advantages in international finance, technology, and trade. By actively integrating into Hong Kong's blueprint for technological development, Conflux will collaborate with more users and ecosystem partners, leverage the advantages of technological innovation, and contribute to the development of Hong Kong's digital economy.

The next address came from Zhang Yuanjie, Co-founder and Chief Operating Officer of Conflux, where he presented the current state of Conflux's ecosystem, highlighted select ecosystem application cases, and unveiled the ecosystem layout plan. He expressed his optimism about Hong Kong's role as a global financial hub, and promised that Conflux remains committed to providing high-quality Web 3.0 infrastructure and ecosystem support, bolstering blockchain technology, digital economy, and Web 3.0 development in Hong Kong and China.

Dr. Joseph Rodarick Law, Justice of the Peace of Australia and Executive Chairman of J Global, delivered the last speech. He welcomed technological pioneers like Conflux to Hong Kong, encouraging them to establish their roots in the city. He expressed his blessings for the future development of Conflux in Hong Kong.

Conflux was founded in 2018, with Professor Long Fan and Chief Scientist, as well as Turing Award laureate, Professor Andrew Yao at its core. The team comprises exceptional young computer scientists from prestigious institutions such as Tsinghua University, Shanghai Jiao Tong University, China University of Science and Technology, and the Massachusetts Institute of Technology. Following two years of dedicated research and development, the team launched the Conflux public blockchain globally. As the sole regulatory compliant public blockchain in China and one of the high-quality underlying infrastructures for the development of Web 3.0, Conflux's public blockchain has achieved a leading edge in data, boasting 3000+ transactions per second (TPS), 5000+ nodes, 0.5-second block time, and 23-second confirmation time. The mainnet has been running stably for nearly three years, with over 24.7 million on-chain accounts, 127 million transactions, and nearly 18,000 deployed smart contracts. Conflux ranks third in the world in terms of network size (by number of consensus nodes) and is the only Chinese public blockchain that stands among the top global performers.

At the opening ceremony, Dr. Wu Ming also introduced to the guests the Blockchain SIM card ("BSIM card"), jointly developed by Conflux and China Telecom. Leveraging the hardware security advantages of SIM cards, the BSIM card protects user private keys, presenting a seamless and secure solution for Web 3.0 users. He mentioned that in the near future, Conflux will initiate pilot testing for the BSIM card in Hong Kong.

With the development of the global digital economy, embracing digital transformation becomes a proactive and strategic choice. The BSIM Card solves the identity authentication problem, bridging the gap between the digital and physical worlds. The next focus of digitizing the economy lies in the deep integration of digital and real-world assets. In his speech, Dr. Wu Ming mentioned that the Hong Kong office will continue to actively engage in digital economy compliance business. Serving as the foundational infrastructure for the digital economy, it will support Hong Kong and the Greater Bay Area in vigorously developing a blockchain-based cross-border trade settlement system using the Hong Kong dollar. This initiative, coupled with the "Belt and Road" strategy, aims to construct a digital payment ecosystem, unleashing the potential and innovative value of Hong Kong and the Greater Bay Area.

The Conflux Hong Kong office welcomes partners from various industries to consult and collaborate to foster a more vibrant and diverse ecosystem. Leveraging its performance and integration advantages, Conflux will engage in strategic collaborations with its ecosystem partners in areas such as technological innovation and talent exchange. With the support of the Greater Bay Area, Hong Kong serves as Conflux's gateway to digital innovation, embracing policies that explore the innovative potential and future prospects of digital economy and Web 3.0.

Hashtag: #Conflux

The issuer is solely responsible for the content of this announcement.

About Conflux

Conflux was established in 2018, with Professor Long Fan and Chief Scientist, as well as sole Chinese Turing Award recipient, Academician Andrew Yao, at its core. The team is composed of a group of top young computer scientists from prestigious global institutions such as Tsinghua University, Shanghai Jiao Tong University, China University of Science and Technology, and the Massachusetts Institute of Technology. Focused on the research and development of blockchain fundamental infrastructure and key technologies, Conflux is dedicated to bringing more people the benefits of blockchain technology.

After two years of intensive research and development, the Conflux team launched its public chain globally. Its core innovation lies in the Tree-Graph consensus algorithm, which organizes blocks based on a tree-graph structure. This novel approach integrates several innovative technologies, including a high-bandwidth transaction forwarding protocol, dynamic bandwidth allocation, transaction latency execution, and incremental MPT data structure. These innovations significantly enhance the overall performance of the blockchain system, covering aspects such as networking, consensus, storage, and execution.

Conflux now boasts 3000+ transactions per second (TPS), 5000+ nodes, 0.5-second block time, and 23-second confirmation time. The mainnet has been running stably for nearly three years, with over 24.7 million on-chain accounts, 127 million transactions, and nearly 18,000 deployed smart contracts. Conflux ranks third in the world in terms of network size (by number of consensus nodes) and is the only Chinese public blockchain that stands among the top global performers. With stable cross-chain services and extensive developer tool support, Conflux has incubated and hosted hundreds of diverse ecosystem projects. Among them, more than 150 enterprises have been incubated domestically in the digital collectible platforms category alone. Additionally, Conflux has collaborated with various global brands on blockchain foundational technology and metaverse activities, including China Telecom, Xiaohongshu (Little Red Book), McDonald's China, Oreo, and Naixue's Tea.

The team's independently developed core blockchain technologies have been published in multiple top international academic papers and received two granted patents in the United States. Their innovative and advanced solutions have garnered widespread attention from both the academic and industrial sectors. Conflux is notably the only Chinese-led blockchain project mentioned in the technical whitepaper of Diem (formerly known as Libra), Facebook's consortium chain project. With its globally leading performance, Conflux has shattered the monopoly of Western countries in the blockchain underlying technology field.

About BSIM Card

The Blockchain SIM card ("BSIM card"), jointly developed by Conflux and China Telecom, leverages the hardware security advantages of SIM cards, to protect users' private keys, presenting a seamless and secure solution for Web 3.0 users. The BSIM Card is nearly identical to traditional SIM cards in appearance but offers 10-20 times more storage space and significantly enhanced computational capabilities. It can generate and store user public-private key pairs within the card and perform digital signatures without revealing the private key, thereby reducing the risk of malicious software attacks such as mobile Trojan Horses and other viruses. Its advantages include:

  1. Portability: Integrated into the user's phone SIM card, eliminating the need for additional devices.
  2. High Security: Features a Secure Element (SE) chip with a security level equivalent to bank card chips.
  3. High Performance: Utilizes ECC hardware co-processors for fast signature generation.
  4. Universal Compatibility: Adopts a Bluetooth 4.0 interface, compatible with Android and iPhone smartphones.
  5. User-Friendly: User interface aligns with common mobile apps, reducing the learning curve.
  6. Easy Promotion: Can be bundled with carrier marketing systems, facilitating promotion and subsequent value-added services.
From a regulatory perspective in digital economic governance, using the BSIM Card as the entry point for user-managed blockchain accounts and Web 3.0 network access indirectly achieves blockchain/Web 3.0 account real-name registration through mobile phone number verification. This approach reduces KYC costs, minimizes user privacy exposure, and provides better conditions for the widespread adoption of Web 3.0 applications.

Applications of BSIM Cards include digital asset management, digital identity, "three-proof" phones (anti-fraud, anti-harassment, anti-loss), and IoT terminals.

News from Asia

VinFast Advances Ecosystem Strategy in Philippines’ EV Catch-Up

MANILA, PHILIPPINES - Media OutReach Newswire - 15 July 2025 - With nearly 19,000 electric vehicles sold in 2024, the Philippines is looking to catch up in Southeast Asia’s EV race as ecosystem pl...

Rising AI-Driven Cyber Attacks and Geopolitical Tensions Shaping Asia Pacific Cyber Risk Landscape, Aon study

SINGAPORE - Media OutReach Newswire - 15 July 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released the Asia Pacific (APAC) findings from its 2025 Cyber Risk Repor...

Far East Hospitality Strengthens its Presence in Japan with Two New Hotels in Osaka

Group enters Osaka with two Far East Village Hotels in Namba South and Honmachi districts, reinforcing its commitment to double its footprint to 2000 rooms in Japan. SINGAPORE - Media OutReach New...

KN Group and AlloyX Form Strategic Partnership, Launching World’s First On-Chain Tokenized Consumer Loan Assets

HONG KONG SAR - Media OutReach Newswire - 15 July 2025 - In July 2025, Hong Kong fintech company KN Group announced a significant strategic partnership with AlloyX, a prominent Hong Kong-based Web...

COUNTRY & SECTOR RISKS - June 2025 The great leap backwards: 23 sectors and 4 countries downgraded

HONG KONG SAR / SHANGHAI & BEIJING, CHINA / TAIPEI, TAIWAN / SYDNEY, AUSTRALIA / TOKYO, JAPAN - Media OutReach Newswire - 15 July 2025 - In a context of unprecedented geopolitical and trade un...

Porsche Design Tower Bangkok Partners with List Sotheby's to Venture into Japanese Ultra-luxury Market

Successful Tokyo Roadshow Event Introduces Asia’s Unparalleled Ultra-Luxury Living to Japan STUTTGART, GERMANY / TOKYO, JAPAN - Media OutReach Newswire - 8 July 2025 - Porsche Design Tower Bangkok...

American Express Opens New Centurion Lounge at Tokyo’s Haneda Airport

NEW YORK, US - Media OutReach Newswire - 15 July 2025 - On July 16 American Express (NYSE: AXP) will open a new Centurion Lounge at Tokyo's Haneda Airport (HND), the busiest airport in Japan and o...

VinFast to introduce new model in Indonesia upon return to GIIAS 2025

JAKARTA, INDONESIA - Media OutReach Newswire - 15 July 2025 - VinFast today announced its return to the Gaikindo Indonesia International Auto Show (GIIAS) 2025, scheduled to take place from July 2...

Wildberries tests ready-to-eat food delivery from restaurants

MOSCOW, RUSSIA - Media OutReach Newswire - 16 July 2025 - Wildberries, a leading digital platform in Eurasia, is launching a pilot service for express delivery of ready-made meals from restaurants...

MSIG Hong Kong’s 2024 Claims Report announces multi-year growth in its claims settlement ratio and highlights award-winning claims processing innovation

94.5% claims settlement ratio was achieved amidst a difficult business environment First year that two categories – Employees' Compensation Hong Kong and Marine - saw settlement ratios of 100% D...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy