Alibaba Cloud and Conflux announced a partnership to provide localized Web3.0 industry solutions for Hong Kong companies, focusing on supporting industries such as retail, tourism, entertainment, art, and education. Combining Conflux's rich and successful experience in mainland China, Alibaba Cloud's extensive customer resources, and policy advantages, they will jointly build Hong Kong's Web3.0 ecosystem.
As a leader in the blockchain field, Conflux is committed to providing high-performance, scalable and secure infrastructure for decentralized applications (DApps). With the innovative Tree-Graph consensus mechanism, Conflux is able to achieve high transaction throughput and low latency while ensuring security and decentralization.
As a leading cloud computing service provider in the industry, Alibaba Cloud relies on a high-speed and reliable global network and powerful computing resources to not only help build blockchain infrastructure, but also support efficient and secure Web3.0 application development. With its outstanding technical strength and broad customer base, Alibaba Cloud occupies an important position in the global market.
Conflux is a member of the Cyberport Incubation Program. As the base camp of Web3.0 in Hong Kong, Cyberport is committed to building a thriving third-generation Internet ecosystem. Last year, Cyberport received a grant of HK$50 million from the SAR government to accelerate the development of the local Web3.0 ecosystem, and jointly promote the development of the Web3.0 ecosystem by cultivating talents, promoting industrial development and technological applications, and enhancing public awareness of the Web3.0 industry. Since the establishment of the "Cyberport Web3 Base", Cyberport has brought together about 230 companies engaged in Web3.0 from more than 15 countries and regions around the world. Among them are three unicorn companies, including blockchain game company Animoca Brands, Asian digital asset financial services group HashKey and Web3.0 and blockchain security company CertiK.
Based on Alibaba Cloud's cloud computing services, Conflux will empower different industries, meet the Web3.0 needs of customers of all sizes, quickly build and deploy powerful Web3.0 applications and scenarios, and provide enterprises with more competitive Web3.0 one-stop customized solutions to create greater business value for them. At the same time, based on Cyberport's Web3.0 policy support and huge corporate community, it will provide large enterprises and start-ups with the resources and support they need to develop in the Web3.0 era.
The relevant cooperation will help promote the transformation of Web3.0 from concept to implementation, and provide customized Web3.0 solutions for different industries in Hong Kong. At the same time, we will welcome more partners to join us, inject new power into the construction of Web3.0 in Hong Kong, and jointly create a prosperous, open and developing Web3.0 ecosystem.
