KPMG and HSBC Report Names Conflux as One of Asia’s Leading Crypto Projects

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Shanghai, China, 1st September, 2022, Chainwire

Conflux, the one regulatory-compliant public blockchain in China, was just lately named one of the ‘Leading 100 Emerging Giants in Asia Pacific’ in a report launched by KPMG and HSBC. Conflux was amongst simply 5 crypto startups to make it to the report’s high 100 startups record alongside Hyperchain Technology, Stader Labs, Maicoin, and Catheon Gaming.

The KPMG HSBC report sheds gentle on the range and depth of innovators in varied rising sectors throughout the Asia Pacific area, together with SaaS, sustainability, fintech, blockchain, and extra. The two monetary establishments analyzed over 6,000 startups working within the Asia Pacific area to determine the subsequent potential unicorns — a startup valued at over $1 billion.

As the one regulatory-compliant public blockchain in China, Conflux is uniquely positioned to carry blockchain expertise, not solely to home enterprises but in addition to worldwide firms on the lookout for a globally decentralized blockchain resolution. Conflux’s underlying blockchain infrastructure is presently being utilized by a variety of native municipalities, authorities businesses, enterprises, and manufacturers throughout use instances like provide chain administration, NFTs, DeFi, and extra. To date, each home and international manufacturers like CCTV, Mcdonald’s China, Oreo, LVMH, and NAYUKI have launched NFT collections on Conflux Core.

“We’re thrilled to be acknowledged as one of the highest blockchain firms rising from the APAC area,” mentioned Fan Long, Co-Founder of Conflux. “As extra and extra enterprises and startups discover blockchain expertise, we’ll proceed to supply them with the instruments wanted to launch and scale their merchandise inside a versatile but absolutely decentralized setting.”

Earlier this yr, Conflux underwent a tough fork to offer builders constructing on Conflux extra flexibility whereas additionally enhancing safety towards potential assaults. The improve launched the addition of a Proof of Stake (PoS) finality chain that expands on the community’s present Proof of Work (PoW) chain, offering a manner for tasks to scale without sacrificing safety. Conflux additionally launched eSpace, an EVM-compatible sensible contract execution setting that permits builders to simply deploy and execute Ethereum-native dApps and sensible contracts inside the Conflux ecosystem.

Though solely 5 crypto startups made this yr’s Leading 100’ record, the report shared a promising outlook for blockchain expertise. Darren Yong, the pinnacle of tech, media, and telecoms (TMT) for KPMG Asia-Pacific acknowledged within the report, “We consider that blockchain firms and crypto belongings extra broadly will rebound sooner or later. There might be a resurgence of functions, if these unicorns are delivering worth they’d emerge as the subsequent Amazon.”

About Conflux

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies throughout borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux gives a quick, safe, and scalable blockchain setting with zero congestion, low charges, and improved community safety.

As the one regulatory-compliant public blockchain in China, Conflux gives a unique benefit for tasks constructing and increasing into Asia. In the area, Conflux has collaborated with international manufacturers and authorities entities on blockchain and metaverse initiatives, together with the town of Shanghai, McDonald’s China, and Oreo.

To be taught extra about Conflux, go to /


Camilla Caban, [email protected]

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