On March 29-30, "WOW Summit" was held at the AsiaWorld-Expo in Hong Kong. This is the first major Web3 event in Hong Kong after the Hong Kong government announced the reopening of borders and lifting of Covid restrictions. Countless industry leaders, government officials, funds and venture capital firms, NFT and digital artists, entrepreneurs and multinational corporations gather here for important discussions, networking and business. ChainUp, the world's leading blockchain technology service provider, was invited to participate in the summit. Ms. Tan Bin Ru, ChainUp Group Coo and deputy CEO, gave a speech and Panel sharing.
She said that there are some similarities between blockchain technology today and the internet in the 1990s. Both technologies were initially met with skepticism and uncertainty, and were not widely understood or adopted in their early stages. Both also have the potential to fundamentally transform the way we live, work, and interact with each other.
Like the internet in its early days, blockchain technology is still in the early stages of development and adoption. It has the potential to disrupt traditional industries and create new business models, but there are also challenges and obstacles that must be overcome, such as scalability, security, and interoperability.
Additionally, both technologies have sparked a wave of innovation and experimentation, with developers and entrepreneurs exploring new use cases and applications. In the case of blockchain, we are seeing the emergence of decentralized finance (DeFi), non-fungible tokens (NFTs), and other innovative applications that could transform industries such as supply chain management, voting, and identity verification.
Overall, while there are similarities between blockchain technology and the early days of the internet, it is important to note that blockchain is a distinct technology with its own unique characteristics and challenges. The market is adjusting, but the power of innovation has never stopped pouring in, and the global blockchain technology market is booming. As such, it will likely follow its own trajectory of development and adoption, and we can expect to see many exciting new developments and innovations in the years to come.
Since its establishment in 2017, ChainUp has spread across more than 30 countries around the world, providing encryption systems for more than 450 cryptocurrency exchange customers, and serving more than 1,000 customers in total. We also have been constantly innovating technology and empowering business with blockchain.
