The KPMG and HSBC report names Conflux as one of Asia’s leading crypto projects

September 1, 2022 – Shanghai, China

Conflux, the only regulatory public blockchain in China, was recently named one of the ‘leading 100 emerging giants in Asia Pacific’ in a report released by KPMG and HSBC.

Conflux was among only five crypto startups to make the report’s top 100 startups list along with Hyperchain Technology, Stader Labs, Maicoin and Catheon Gaming.

The KPMG-HSBC report highlights the diversity and depth of innovators in various emerging sectors across the Asia-Pacific region, including SaaS, sustainability, fintech, blockchain and more. The two financial institutions analyzed over 6,000 startups operating in the Asia Pacific region to identify the next potential unicorns – a startup worth over $1 billion.

As the only regulatory public blockchain in China, Conflux is uniquely positioned to bring blockchain technology not only to domestic enterprises, but also to international companies looking for a globally decentralized blockchain solution.

Conflux’s underlying blockchain infrastructure is currently used by a wide range of local municipalities, government agencies, businesses and brands across use cases such as supply chain management, NFTs, DeFi and more.

To date, both domestic and global brands such as CCTV, McDonald’s China, Oreo, LVMH and NAYUKI have launched NFT collections on Conflux Core.

Fan Long, co-founder of Conflux, said:

“We are thrilled to be recognized as one of the top blockchain companies coming out of the APAC region. As more and more businesses and startups explore blockchain technology, we will continue to provide them with the tools needed to launch and scale their products within a flexible , but fully decentralized environment.”

Earlier this year, Conflux underwent a hard fork to give developers who build on Conflux more flexibility, while improving security against potential attacks. The upgrade introduced the addition of a proof-of-stake (PoS) finality chain that extends the network’s existing proof-of-work (PoW) chain, providing a way for projects to scale without sacrificing security.

Conflux also introduced eSpace, an EVM-compatible smart contract execution environment that allows developers to easily deploy and execute Ethereum-native DApps and smart contracts within the Conflux ecosystem.

Although only five crypto startups made this year’s ‘leading 100’ list, the report shared a promising outlook for blockchain technology.

Darren Yong, head of technology, media and telecoms (TMT) for KPMG Asia-Pacific, stated in the report,

“We think blockchain companies and cryptoassets more broadly will come back at some point. There will be a boom in applications. If these unicorns deliver value, they will emerge as the next Amazon.”

About Conflux

Conflux is a permissionless layer one blockchain that connects decentralized economies across borders and protocols. Recently migrated to hybrid PoW-PoS consensus, Conflux provides a fast, secure and scalable blockchain environment with zero congestion, low fees and improved network security.

As the only regulatory public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has partnered with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China and Oreo.

To learn more about Conflux, visit the website.

Consult

Camilla Caban, Conflux Network