TRON founder Justin Sun gives a speech at BWB 2022: Blockchain is the foundation of future digital cities
GENEVA, SWITZERLAND – Media OutReach – October 27, 2022 – On October 27, TRON founder Justin Sun virtually attended Blockchain Week in Busan 2022, or BWB 2022, and gave a speech on the theme of “The Cities of Tomorrow”. “Blocks will build the foundation of future digital cities and the economy will be decentralized and digital in the future,” he said, “With over 117 million users, TRON is pioneering the decentralized future economy and will further unleash the potential of digital economy by designing and take more decentralized measures like dApps. We hope to build thriving digital cities this way.”
Sun went on to comment that the mass adoption of blockchain technology and cryptocurrency will effectively facilitate the development of digital cities and offer innovative solutions to concerns that concern cities today, such as cyber security threats, inefficient technology, insufficient energy, infrastructure maintenance, affordable housing and accessible education.
“Mass adoption is upon us. This event’s host, Busan from South Korea, leads the way. They aim to grow their economy with cryptocurrency integration, improve their government systems with blockchain technology, and secure their digital future with Metaverse development.”
As a representative from the blockchain world, Sun has been committed to contributing to global sustainable development with blockchain technology. He emphasized in his speech the future trend of a compatible, inclusive and green digital world, and his TRON, one of the top three public chains in the world, has been striving for such a vision and making concrete progress.
TRON and its cryptos have achieved compliance in several countries. Its VanEck TRON ETN (VTRX) was listed on Deutsche Börse’s digital platform Xetra and was subsequently accepted for trading by 14 European countries, including the UK and the Netherlands. Also, TRON was recently named the Caribbean island nation of Domonica’s designated national blockchain infrastructure. The seven cryptos under TRON were granted legal tender status and became the country’s authorized digital currency.
TRON also engages in international multilateral cooperation, where it joins with first-class platforms and institutions for better industrial development and inclusive finance worldwide. Meanwhile, Sun, leveraging his position as Grenada’s ambassador and permanent representative to the WTO, has promoted the use of blockchain technologies in international trade. As of now, TRON’s original token TRX has circulated on exchanges and platforms in Europe, North America and Asia, reaching industries and users worldwide by improving its international presence and compliance.
TRON’s endeavor in ecological conservation has been recognized by the world-renowned Crypto Carbon Ratings Institute (CCRI), which has rated it as one of the most environmentally friendly blockchains. According to CCRI, TRON’s DPoS consensus algorithm helps the platform reduce its carbon footprint, and its annual energy consumption is 99.9% less than the electricity consumed by Bitcoin.
Sun is convinced that sustainable development is irresistible and will eventually prevail in global society and that blockchains will support a better and more efficient world.
On top of that, Justin Sun, as a member of the Global Advisory Board of Huobi Global, delivered opening remarks via video for BWB 2022’s Huobi session. “Although the market has been bearish for crypto this year, blockchain technology still has great opportunities,” Sun said in his speech, “Thanks to the hard work of crypto enthusiasts, the value of blockchain has been seen by more people in the past year, and the industry is destined for a brighter future.” He also said that South Korea is one of the most crypto-active countries and hoped that the unfolding BWB 2022 could engage more developers and innovative projects, and make a difference in the blockchain world.
BWB 2022, sponsored by Huobi Global with other crypto organizations, is the first blockchain conference in South Korea that Huobi Global has attended since its acquisition. In mid-October, Sun was appointed as a member of the Global Advisory Board of Huobi Global and has since worked with his peers on industry development, academic research and compliance to help guide and develop the organization. By strengthening cooperation across institutions, Huobi is ready to win the recognition of more users with a better brand image and sharpened competitiveness, and reach new milestones.
BWB 2022 was hosted by the Busan government and co-sponsored by Huobi, Binance and FTX. The event was held from October 27 to 29 at the Busan Exhibition and Convention Center (BEXCO). Justin Sun, Changpeng Zhao (CZ), Sam Bankman-Fried and other crypto leaders attended this event and discussed Blockchain, City and Life.
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