CESS, the leading blockchain-based decentralized storage and content delivery blockchain, recently participated in the Hong Kong Web3 Festival 2024, marking a significant milestone for Hong Kong’s Web3 space. The festival served as a launchpad for Web3 collaboration, innovation, and adoption. In addition, CESS joined the Hong Kong Web3.0 Standardization Association and attended its first official board meeting of the year.
This achievement followed the approval of CESS’s application for standard number P3233 by the Institute of Electrical and Electronics Engineers (IEEE). This standard, the Standard for Blockchain-Based Decentralized Storage Protocol Specification, is considered groundbreaking within the industry and highlights the recognition of CESS’s authority and technical expertise in the field of decentralized storage.
At the Hong Kong Web3.0 Festival 2024, which boasted over 50,000 attendees, 300 global speakers, 100 exhibitors, and approximately 200 side events, CESS played a significant role. As golden sponsors and conference exhibitors, CESS and other attendees, including regulatory representatives from Hong Kong, delved into digital asset regulation policies. They discussed opportunities for cooperation and collaboration to promote Web3 development and advancement.
This event is a major step forward for the global development and standardization of decentralized storage technology. CESS’s participation as an independent attendee and advisor showcases their deep involvement and contribution to standardization initiatives for Web3. It also demonstrates CESS’s technological innovation and leadership in driving the decentralized storage industry towards more standardized and regulated development.
According to CESS co-founder and Chairman Nick Zaldastani, the project was designed to meet the needs of the rapidly growing Web3 data and content space. CESS offers blockchain-powered decentralized cloud storage and Content Delivery Network (CDN) solutions that cater to Web3’s demands. Overcoming issues such as cross-chain compatibility, network congestion, poor user incentives, unreliable security, and onboarding challenges, CESS delivers fast and decentralized blockchain-based solutions for global data storage, retrieval, and content delivery.
To push the industry forward, CESS has developed innovative solutions like DePIN (Decentralized Physical Infrastructure Network) and a data value network. DePIN is a global network of nodes that aims to become the standard for fast, secure, and cost-effective data storage, retrieval, and delivery. The data value network enables the free flow of assets, currency, and value over the internet, creating a decentralized ecosystem that incentivizes user participation and rewards.
Standardization plays a crucial role in the future of competing blockchain protocols and technologies. It enables seamless interaction and collaboration between different blockchain technologies and applications. Standardization offers improved development efficiency, reduced compatibility issues, enhanced innovation, and better security and privacy for user data. By partnering with industry leaders and participating in conferences and collaborative initiatives like the Hong Kong Web3 Festival 2024 and the Hong Kong Web3.0 Standardization Association, CESS is committed to exploring and formulating industry standards. This promotes the healthy development of the global Web3 ecosystem and ensures secure and efficient decentralized data services for users worldwide.
CESS remains dedicated to innovation and the promotion of decentralized cloud storage and CDN technology. By working with the Association and other aligned parties, CESS aims to contribute to the development of a transparent, equitable, and secure Web3 ecosystem. Together, they strive to fulfill Web3’s promise of a fair, open, transparent, equitable, and interconnected data value network.