The 23rd China International Industry Fair (CIIF), a prominent event that brought together industrial leaders and showcased cutting-edge innovations from around the world, witnessed the standout presence of Conflux Network as the exclusive representative of Web3 technology. This spotlight highlights Conflux's significance in the ever-evolving landscape of blockchain and decentralized technologies.
CIIF, known as one of the longest-running national-level industrial exhibitions, unfolded over five days at the National Exhibition and Convention Center in Shanghai. It featured nine specialized exhibition areas and saw participation from more than 2,800 enterprises representing 30 countries and regions globally. The event unveiled nearly a thousand new technologies and products, marking a significant step forward in global industrial innovation and collaboration.
Conflux Network held a distinctive position as the sole Web3 representative at CIIF, emphasizing its unique dedication to the foundational aspects of Web3 technology. This focused commitment places Conflux at the forefront of Web3 innovations on a global scale.
During the event, Conflux took the lead in organizing a blockchain forum with the theme 'Connecting the Future.' This forum served as a platform to showcase Conflux's achievements, potential, and vision. It not only highlighted the network's current accomplishments but also projected its forward-looking aspirations for the Web3 community.
Web3 technology, characterized by its decentralization, transparency, and security, has become a cornerstone of modern industry and commerce. For China, the embrace of these transformative technologies is pivotal to maintaining its leadership in the global industrial landscape. Projects like Conflux, dedicated to foundational Web3 technologies, play a significant role in driving this alignment.
In an era of increasing global interconnectivity, understanding China's emphasis on Web3 and initiatives like Conflux offers valuable insights into future trends, potential collaborations, and competitive landscapes for stakeholders in North America and Europe. Recognizing the significance of these developments ensures that businesses and individuals can effectively navigate and participate in the evolving global digital economy.
Conflux CTO Ming Wu stated, "Conflux is strengthening its integration with traditional industries and commerce. This will enable Web3 to play a greater role in the global industry. In this way, Conflux is contributing to the mass adoption of Web3."
About Conflux Network:
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. Recently transitioning to a hybrid PoW/PoS consensus mechanism, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and enhanced network security.
As the only regulatory-compliant public blockchain in China, Conflux offers a unique advantage for projects looking to build and expand into Asia. Conflux has partnered with global brands and government entities in the region on blockchain and metaverse initiatives, including collaborations with the city of Shanghai, McDonald's China, and Oreo.
For more information, users can visit Conflux Network's official website: https://confluxnetwork.org/
