Bangkok, November 12, 2024 - The world-renowned "W2140 World AI+Web3 Expo" was held in Bangkok, Thailand. The conference welcomed top experts and practitioners in the global Web3 and AI industries. At the conference, Professor Xiong Yu, Associate Vice-President of the University of Surrey and Dean of the Institute of Blockchain and Metaverse Applications, and the Endless technical team officially released Endless Genesis Cloud. This groundbreaking distributed cloud component platform is expected to bring a major change to the Web3 infrastructure field, aiming to inject unprecedented vitality into the Web3 industry through powerful innovation mechanisms and comprehensive technical architecture.
Nine challenges: urgent issues facing the current Web3 industry
Professor Xiong Yu pointed out in his speech that the healthy development of the current Web3 industry is constrained by nine key challenges, which have seriously affected the popularity of decentralized applications and user experience:
Over-reliance on financial products: The Web3 industry currently relies mainly on speculative applications such as decentralized finance (DeFi), failing to tap the potential of blockchain technology in other fields, resulting in most applications lacking real user value.
Innovation stagnation: With the rise of early blockchain technology, the pace of innovation has slowed down, and the industry has not explored enough business models and user experience.
Ignoring user value: Many Web3 projects fail to truly focus on user needs and value, resulting in low user participation and hindered ecological development.
Ignoring user pain points: Current Web3 applications are difficult to solve users’ actual needs and pain points, and the user experience is complex and unintuitive.
Worsening exploitative behavior: The industry’s increasingly serious “leek-cutting” behavior has led to users’ lack of trust and security in Web3, affecting the industry’s reputation.
Technology fragmentation: The decentralization of Web3 technology standards and protocols leads to poor compatibility and high development difficulty, which restricts technological progress and ecological interconnection.
Insufficient user trust: Users have low trust in Web3 technology and its applications, especially concerns about data security and privacy protection have not been eliminated.
Lack of integration with emerging technologies such as AI: Currently, Web3 has not fully utilized the potential of AI and has failed to provide users with a rich intelligent experience.
Lack of control over user risks caused by AI: As the use of AI technology in Web3 increases, there is a lack of effective AI risk control mechanisms, which poses a threat to user data and privacy (Keynote_2—Building_the_…).
Nine functions and design principles: Reshaping the technical core of Web3 protocol
To address these challenges, Professor Xiong Yu proposed nine functions and design principles for the Web3 protocol, which will become the technical foundation for the next generation of Web3 protocols and bring greater inclusiveness and practicality to the industry:
User-centered value: Give priority to meeting user needs and create applications with user value at the core.
User empowerment and autonomy: Through a decentralized structure, users are given more decision-making power and control.
Control of user data assets: Ensure that users have full control over their own data assets to avoid data abuse.
Fair decentralized governance: Ensure equal status of participants in the ecosystem through transparent and open governance mechanisms.
Comprehensive AI deployment in the protocol: Integrate AI technology at the protocol layer to provide intelligent functions for users and developers.
Provide users with powerful AI functions: Ensure that users can use AI technology in an intuitive way to improve the user experience.
Friendly AI integration API: Through a simplified API interface, developers can quickly and conveniently integrate AI functions.
AI usage supervision and regulation: Regulate the use of AI functions to ensure user privacy and security.
Support the integration and interoperability of AI technology: The platform should be highly compatible to adapt to different AI technology application scenarios.
Endless Genesis Cloud's innovative solution: a perfect combination of nine principles
Then, Dr. Amit Kumar Jaiswal, technical director of Endless Genesis Cloud, introduced that the platform has successfully implemented nine design principles through a series of innovative mechanisms, opening a new chapter for the Web3 industry. The main innovations of this platform include:
Modular distributed network architecture: Endless Genesis Cloud adopts modular design and distributed Relay network, allowing developers to choose appropriate components based on their needs and flexibly build decentralized applications (DApps). This flexibility greatly reduces the development threshold and gives users and developers more autonomy, which is in line with the design principle of "user empowerment and autonomy".
Privacy protection and data security: The platform introduces zero-knowledge proof and data encryption technology to ensure the high security of user data and virtual assets, and the data sovereignty of users in the Web3 world is truly realized. This mechanism perfectly responds to the principles of "control of user data assets" and "user privacy protection", ensuring that users can fully control and protect their data.
Cross-chain data and asset integration: Endless Genesis Cloud supports the seamless integration of multi-chain assets and data, improves the interoperability between blockchains, and provides a solid foundation for the interconnection of the Web3 ecosystem. This innovation is in line with the principle of "supporting the integration and interoperability of AI technology", allowing resources and data from different blockchain platforms to flow smoothly.
AI core functions and API integration: The platform embeds AI generated content (AIGC), automatic translation, AI payment and other functions, and provides user-friendly API interfaces, so that developers can quickly call AI functions and realize intelligent decentralized application development. These features meet the principles of "comprehensive AI deployment", "providing users with powerful AI functions" and "friendly AI integrated API", making AI and Web3 seamlessly integrated in practical applications, bringing users an intelligent and convenient experience.
Risk control and supervision: Endless Genesis Cloud has established a comprehensive AI risk control and supervision mechanism to protect user privacy and data security. This regulatory measure not only enhances the credibility of the platform, but also allows users to enjoy AI empowerment without worrying about privacy leakage, which perfectly complies with the design principle of "AI use supervision and regulation".
Endless Genesis Cloud’s broad application scenarios: creating the future of Web3
The ecosystem of Endless Genesis Cloud is centered on its three major application areas: Super Dapp, AI native applications, and decentralized financial applications. The platform will meet the diverse needs of users through privacy-protected social media, short videos, cross-border e-commerce and other applications, and promote the seamless migration of Web2 applications to Web3. Professor Xiong Yu emphasized that the goal of Endless Genesis Cloud is not only to lower the development threshold of Web3 applications, but also to achieve value co-creation between users and developers, and to promote Web3 from a speculation-driven model to a long-term ecosystem centered on user empowerment.
Leading the way in technological change: EndlessGenesis Cloud’s global impact
Professor Xiong Yu pointed out in his speech at the conference that the release of Endless Genesis Cloud marks a new era in the field of Web3 infrastructure, and has all the key elements to promote industry transformation. Industry experts present said that Endless Genesis Cloud provides Web3 with a solution that truly meets user needs through its unique technical architecture and innovative design ideas. It not only solves the key challenges in the development of Web3, but also builds a solid bridge for the integration of Web2 and Web3, injecting new impetus into the future digital economy.
The launch of Endless Genesis Cloud has attracted the attention of developers and enterprises around the world. The innovative technologies and sustainable design concepts demonstrated by the platform herald a huge change in the Web3 industry. With the popularization and application of this platform, the future Web3 ecosystem will be more open, inclusive and user-oriented. Endless Genesis Cloud will surely become the core driving force for the popularization of decentralized technologies.