Huawei Cloud has made important strides in advancing the Web 3.0 movement in Hong Kong. In partnership with Cyberport, the tech behemoth has laid out comprehensive strategies and innovative solutions to drive the adoption of Web 3.0 technologies, heralding a new era of digital transformation for the city.
Cyberport and Huawei Cloud Propel Web 3.0 Development
Cyberport, acknowledged as the central hub for Web 3.0 in Hong Kong, intends to expedite the digital transformation of SMEs by harnessing the power of Web 3.0 technology. In his speech, Cyberport CEO Mr. Yan expressed the organization’s determination to bridge different industries, fostering collaboration, application and innovation across Web 3.0 projects. Meanwhile, Huawei Cloud is set to accelerate the deployment of Web 3.0 applications, thereby speeding up Hong Kong’s technological advancement, a sentiment echoed by HKUST Vice President Mr. Wang.
Huawei Cloud’s Innovations for Web 3.0 Challenges
To tackle the technical challenges inherent to the emerging Web 3.0 industry, Huawei Cloud is leveraging on its expertise in ICT. The vision is to overcome the prevalent issues with on-chain transactions, notably slow performance and inadequate security measures. Huawei Cloud’s innovation in software and hardware addresses such obstacles. For instance, the company’s Ethereum staking node hosting service is specifically designed to heighten the efficiency of the staking validators, delivering increased security guarantees through its proprietary QingTian Enclave security framework.
Building Web 3.0 Industry Cloud and Fostering Ecosystem
Huawei Cloud aims to develop a localized Web 3.0 industry cloud in collaboration with industrial parks, universities, and research institutes. This would spur the growth of Hong Kong’s Web 3.0 industry and cultivate broad-based talents in I&T businesses. The tech giant’s blockchain service, with over 400 industry application scenarios across seven key industries, envisions an open blockchain platform that encourages cross-industry innovation and propels the widespread application of Web 3.0 technologies.
Through its strategic collaboration with Cyberport, Huawei Cloud is poised to play a significant role in fostering the development of the city’s Web 3.0 infrastructure. By channeling their collective strengths to overcome technical challenges and fostering industrial collaborations, Huawei Cloud hopes to accelerate the growth of Hong Kong’s Web 3.0 industry and further cement its status as a major player in the global digital economy.
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