On June 25, Justin Sun, founder of TRON, attended the WCS (Web3 Connect Summit) Hong Kong Summit online and delivered a speech entitled "How TRON Reshapes the Payment and Settlement System" on the topic of innovative integration of Web3 and the real world. In his speech, Justin Sun pointed out that Hong Kong, China, took the lead in launching spot ETFs for Bitcoin and Ethereum, which will serve as a model for the development of the Web3 industry in Asia. TRON fully supports the development of the Web3 industry in Hong Kong, and is promoting the integration of the Web3 industry with real life through various means such as its own and cross-industry cooperation, and ultimately achieves the ultimate mission of building a Metaverse Financial Free Port.
Sun Yuchen said that the development of the Web3 industry is inseparable from an open and friendly regulatory environment, which is related to how practitioners can concentrate resources to accelerate technology iteration and application practice, while setting boundaries for industry development. The current work in Hong Kong, China is groundbreaking, showing the determination of the Hong Kong government and serving as an incentive for practitioners.
Justin Sun also introduced the current development of the global Web3 industry and TRON. He pointed out that there are about 400 million Web3 users in the world, of which 40% are distributed in various regions in Asia, especially in Southeast Asia. After just a few years of development, the popularity of the concept of Web3 based on blockchain and encryption technology has reached an unprecedented breadth and depth among the public. The practical progress brought by Web3 in cross-border payment and settlement is the most obvious. The user population in Asia has a natural fit with Web3, which is the biggest advantage of developing Web3 and a major opportunity for Hong Kong to seize the Web3 industry.
Justin Sun said that Web3 technology has the potential to provide open financial services, especially to provide safe and reliable financial services to everyone in the world. The core mission of TRON is to help marginalized people in the traditional financial system. As of June 25, TRON has 239 million users worldwide. The average number of transactions processed per day in the past two months is about 7.7 million, and the TPS (transactions per second) is about 50, which is nearly 10 times that of the Bitcoin network and 4 times that of the Ethereum network. The transaction costs paid by users are about 15% of theirs. TRON is not only to create a successful Web3 platform, but also to provide technical support and help to everyone in the world, and finally achieve the ultimate mission of building a Metaverse Financial Free Port.
When talking about how to accelerate the integration of Web3 with the real world, Justin Sun pointed out that RWA is an inspiring attempt in the Web3 industry in the past two years. RWA can create more investment opportunities and investment channels for users, such as real estate/precious metals/art collections and other physical investments, providing more possibilities and is one of the important scenarios for future industry technology applications. DePIN expands the practice and innovation of the Web3 industry in the industrial field, and improves the efficiency of resource utilization by rewarding resource providers, while reducing energy consumption and achieving the goal of green development.
Justin Sun also said on the issue of industry compliance that TRON has been carrying out corresponding work worldwide. In 2021, TRON reached a cooperation with Fidelity Group and launched the ETN VTRX of TRON platform token TRX on exchanges in 16 European countries. Subsequently, Fidelity Group also launched related Bitcoin spot products in the United States and Australia. In early May this year, Google Cloud officially became a candidate for TRON's super representative. Through cooperation with top global companies, the experience accumulation of the Web3 industry in technology research and development and large-scale practice will be deepened. In mid-June, TRON also achieved strategic cooperation with Hassan Sanni, the goalkeeper of the Singapore national football team. Justin Sun believes that cross-border cooperation will enable the Web3 industry to further break the circle, deepen exchanges and cooperation with more industries and fields, and ultimately enhance the level of Web3 industry's integration into the physical world.
It is understood that the WCS Hong Kong Summit is hosted by the WCS Organizing Committee. This year is the first session, and Fok Chun-yu, director of the Fok Ying-Tong Group, serves as the Human Resources Chairman of the Organizing Committee. In addition to Fok Chun-yu, Zou Yu, a well-known university scholar, Yu Jianing, president of Uweb and co-chairman of the Blockchain Committee of the China Communications Industry Association, and others were also invited to attend the summit.
Source: China.com
Original link: https://mtz.china.com/toutiaos/20240626/0626118857.html
