How Crypto Can Benefit from Cloud Technology
In a recent podcast, Howie Jiang, Web3 chief solution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos discuss the potential of cryptocurrency in conjunction with cloud technology. Tencent Cloud, a popular global cloud vendor, has shown its commitment to Web3 with various projects and operations in 27 regions. Jiang emphasizes Tencent Cloud’s experience with Web3 and its desire to expand internationally after working with blockchain products and NFTs in China.
Building “The Next Phase of the Internet”
Elastos has spent the past five years developing what it calls “the next phase of the internet.” Miah explains that Elastos stands out from other projects due to its dedication to providing individuals with true digital sovereignty. One area where Elastos aims to make improvements is identity verification. Miah believes that decentralized identifiers and verifiable credentials offer a sustainable way to verify user identities online while giving users complete control over their information.
The Partnership and Cloud Software
Tencent and Elastos have formed a partnership that leverages cloud software to enhance Web3 solutions for common internet issues like identity verification. By utilizing cloud technology, they aim to streamline the process and make it more efficient. The podcast episode also delves into the necessary steps for global adoption of Web3 and how upcoming regulations may impact the industry.
Hot Take: Unlocking the Potential of Crypto through Cloud Technology
The collaboration between Tencent Cloud and Elastos signifies an important step forward in harnessing the power of cryptocurrency and blockchain technology. By integrating cloud solutions, they address key challenges such as identity verification, paving the way for a more secure and decentralized internet. As global adoption of Web3 continues to grow, partnerships like these will play a crucial role in driving innovation and transforming various industries. With the potential to revolutionize financial systems, data management, and beyond, the combination of crypto and cloud technology holds immense promise for the future.
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