On December 16-17, the 2024 Blockchain Policy Summit, hosted by the Blockchain Association (BA), was grandly held in Washington, D.C. This summit attracted numerous leaders from the blockchain industry, policymakers, and regulatory bodies to engage in in-depth exchanges and discussions about blockchain policy, regulatory frameworks, and the future development of emerging technologies.

Former President Donald Trump called into the summit to congratulate attendees, emphasizing the critical role of the blockchain and cryptocurrency industry in national economy and security, stating that the new administration will support the active promotion of crypto policies, listen to industry voices, and promote a balanced development of innovation and regulation. As Trump said in the video call: 'We behind you, we fight for you.' The development of blockchain technology and the progress of the industry rely on the construction of underlying infrastructure and official compliance development. Projects like CESS, which build infrastructure in the industry, showcased the innovative charm of technology and the value of real use cases to legislators at the summit.

CESS was invited to participate as a representative project of DePIN.

As an important promoter of the Decentralized Physical Infrastructure Network (DePIN), CESS Network was invited to attend the summit and formed a DePIN working group with leading industry projects such as GEODNET, Helium, IoTeX, and Filecoin. The working group conducted in-depth discussions on policy development, regulatory compliance, and the future of the industry regarding DePIN, and is committed to applying DePIN technology to real-world use cases to promote industry standardization and practical applications.

CESS participated in discussions on national security and data privacy.

During the closed-door meeting on the first day, CESS was invited to participate in a discussion on how blockchain technology can enhance national security and data privacy protection, sharing its innovative technologies and application solutions in the field of data security. CESS engaged in in-depth exchanges on the following key content:

- Data security and user privacy protection: CESS's proposed 'Decentralized Data Privacy Management Solution' ensures the secure storage, sharing, and use of sensitive data through multi-layer privacy permissions, data encryption, and Proxy Re-Encryption Technology (PReT), addressing traditional data breaches and privacy abuse issues.

- Data compliance and location-based data management: CESS meets the regulatory compliance requirements of different countries and regions through Location-Based Storage Selection (LBSS) technology, assisting government agencies and enterprises in achieving compliant data storage and access.

- National security technical support: CESS's decentralized infrastructure provides reliable guarantees for the secure storage and rapid deployment of critical national data, particularly suitable for data needs in public safety, national defense, and critical infrastructure fields.

During this closed-door summit, the CESS team highlighted our innovative solutions in data security, privacy protection, and compliance. Key policymakers, including Senators Cynthia Lummis, Patrick McHenry, Tim Scott, and Congressman Ro Khanna, participated in the discussion, emphasizing the importance of blockchain technology in enhancing national security and protecting data privacy.

The CESS team was honored to meet with Congressman Tom Emmer (R-MN), where we discussed the role of blockchain in promoting innovation and enhancing data privacy.

Senator Tim Scott attended the summit and demonstrated his long-term commitment to supporting fintech innovation. As the new chair of the Senate Banking Committee, he is very concerned about the future development of blockchain technology, especially in terms of promoting technological innovation and data privacy protection related to real use cases.

Congressman Patrick McHenry (R-NC) pointed out the challenges currently faced in stablecoin regulation and cooperation with the current government, while he will continue to call for the formulation of clear policies to support the growth of blockchain and market development.

Democratic Congressman Wiley Nickel (D-NC) attended the summit, and the CESS team discussed the development of blockchain technology with him, sharing how decentralized solutions (such as CESS) can promote data privacy protection and technological innovation.

Democratic Congressman Ro Khanna (D-CA) also engaged with the CESS team, and we discussed how blockchain can drive innovation and promote economic growth through decentralized technology.

DePIN has become a key topic, with CESS decentralized data infrastructure receiving significant attention.

During this summit, DePIN (Decentralized Physical Infrastructure Network) was a key area of discussion and received significant attention. BA emphasized that the practical application of DePIN technology has gradually gained recognition from policymakers, becoming one of the areas of focus for legislators, alongside Stablecoins, DeFi, and Staking, as a legislative priority for the future.

As an important promoter of DePIN technology, CESS provides a complete decentralized data storage and management solution. With key technologies such as Decentralized Object Storage (DeOSS), Location-Based Storage Selection (LBSS), and Multi-Replica Recoverable Storage Proof (PoDR²), it supports the compliance and commercialization of DePIN applications globally.

CESS's vision: Promoting compliance and innovation in parallel.

The three co-founders of CESS, Nicholas, Joseph, and Jessie, stated at the meeting: 'Collaboration with policymakers is a crucial cornerstone for the implementation of blockchain technology. CESS is committed to providing secure, compliant, and efficient technical solutions for global decentralized infrastructure, supporting the standardized development of the industry. Through close cooperation with BA and other industry partners, we will continue to promote the compliance and popularization of DePIN technology, making data sovereignty and security an important support for global development.'

Conclusion

At this critical juncture of blockchain policy and technological innovation, CESS actively promotes the improvement of policies for decentralized infrastructure and industry compliance by participating in the 2024 Blockchain Policy Summit. As an important member of the DePIN working group, CESS will continue to work with industry partners to provide secure, privacy-protecting, and compliant data storage and management solutions for global users, helping blockchain technology move toward a broader future.

- About the Blockchain Association

The Blockchain Association (BA) is the collective voice of the cryptocurrency and blockchain industry, bringing together top investors, companies, and projects in the field to jointly promote a future-oriented, innovation-friendly national policy framework. BA's mission is to promote the adoption of blockchain technology and shape a secure, open, and inclusive digital economy through collaboration among policymakers, regulatory bodies, and industry leaders. For more information about BA and its initiatives, please visit http://theblockchainassociation.org/.