• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong’s Digital Landscape

August 16, 2023
in Blockchain
Reading Time: 3min read
0 0
A A
0
Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong’s Digital Landscape
0
SHARES
5
VIEWS
ShareShareShareShareShare

Huawei Cloud has announced the launch of several innovative Web 3.0 services and technologies during the TechWave Web 3.0 Special Day. The event, co-organized by Cyberport Hong Kong, Institute of Web 3.0 Hong Kong, and Techub News, took place at Cyberport Hong Kong and witnessed the unveiling of blockchain services such as the Web 3.0 Node Engine Service (NES) and QingTian Enclave Confidential Computing.

A significant highlight of the event was the inauguration of the Web 3.0 Zone in Huawei Cloud KooGallery, which now hosts the first ten partner applications. The event attracted industry stalwarts including Peter Yan, CEO of Cyberport Hong Kong, Yang Wang, Vice President of Hong Kong University of Science and Technology (HKUST), and Gao Jianghai, President of Huawei Public Cloud Business Department. The gathering facilitated discussions on the growth, infrastructure, and application compliance of the Web 3.0 industry, as well as the merging of digital and physical realms.

Cyberport CEO, Mr. Yan, emphasized the organization’s role as a central hub for Web 3.0 in Hong Kong. He mentioned, “As the largest Web 3.0 community in Hong Kong, we aim to utilize our comprehensive innovation and technology (I&T) ecosystem to bridge sectors like smart living, FinTech, and digital entertainment, promoting collaboration and innovation within Web 3.0 projects.”

HKUST’s Vice President, Mr. Wang, highlighted Huawei Cloud’s pivotal role in propelling Web 3.0 in Hong Kong. He stated, “Huawei’s global vision and strategy will significantly elevate Hong Kong’s position in the global Web 3.0 arena, thereby boosting the region’s digital economy.”

Mr. Gao from Huawei Public Cloud Business Department pointed out the technical challenges the Web 3.0 industry currently faces. He said, “By leveraging Huawei’s 30 years of experience in ICT, combined with hardware and software synergy, we are confident in addressing these challenges and advancing the Web 3.0 industry.”

Huawei Cloud has introduced a hosting service tailored for Ethereum staking nodes, enhancing staking validator efficiency to over 99%. The QingTian Enclave security framework ensures end-to-end data encryption, providing a secure environment for applications and data on elastic cloud server instances. Additionally, with innovations like ZK Rollup hardware, Huawei Cloud aims to reduce average transaction confirmation times from hours to minutes.

In its endeavor to develop the regional Web 3.0 industry, Huawei Cloud has launched the Web 3.0 Zone on KooGallery. This platform collaborates with industrial parks, universities, and research institutes to foster skill development, ecosystem growth, and developer engagement.

Furthermore, Huawei Cloud’s Blockchain Service (BCS) has developed over 400 industry application scenarios across seven key sectors. The company’s vision is to establish an open blockchain platform that promotes cross-industry innovation and accelerates the integration of Web 3.0 technologies with the real economy.

Concluding the event was a roundtable discussion that delved into topics like Web 3.0 infrastructure innovation and on-chain user security. The overarching aim is to cultivate a collaborative and beneficial Web 3.0 industry ecosystem in Hong Kong.

Huawei Cloud, with its Everything-as-a-Service strategy, is committed to providing Web 3.0 customers with globally distributed computing power and establishing a secure Web 3.0 infrastructure on the cloud. The company’s mission is to foster a sustainable industrial ecosystem in Hong Kong with a global impact, propelling the growth of the region’s Web 3.0 industry.

Image source: Shutterstock

Credit: Source link

ShareTweetSendPinShare
Previous Post

New Crypto Lobbyist Group Emerges in Washington, Seeks to Allay Misconceptions in the Sector

Next Post

Bitcoin Speculators Retreat As Long-Term Holders Double Down Since $69,000 Peak

Next Post
Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators

Bitcoin Speculators Retreat As Long-Term Holders Double Down Since $69,000 Peak

You might also like

Alleged Trump-Iran Peace Deal Fuels Market Optimism Ahead of Reported June 19 Signing

Alleged Trump-Iran Peace Deal Fuels Market Optimism Ahead of Reported June 19 Signing

June 15, 2026
Kalshi Shows 69% Odds Bitcoin Hits $50,000 Before $100,000

Kalshi Shows 69% Odds Bitcoin Hits $50,000 Before $100,000

June 13, 2026
Trump’s Presidency in Doubt as June 30 Deadline Looms

Trump’s Presidency in Doubt as June 30 Deadline Looms

June 13, 2026
Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook

SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks

June 13, 2026
Securitize Expands Tokenized CLO Fund To Solana As Ethena Plans $250M Allocation

Securitize Expands Tokenized CLO Fund To Solana As Ethena Plans $250M Allocation

June 16, 2026
Microsoft Copilot AI Predicts Decisive XRP Price in The Next 15 Days

Microsoft Copilot AI Predicts Decisive XRP Price in The Next 15 Days

June 11, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Coinbase Targets Offshore Tokenized Stock Trading With 1:1 Backed Equities Push

Coinbase Targets Offshore Tokenized Stock Trading With 1:1 Backed Equities Push

June 17, 2026
MetaPlanet Secures $100M Bitcoin-Backed Loan to Buy More BTC

Casinos, Tribes, and Unions Urge Senate to Ban Sports Betting From the Clarity Act

June 17, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.