Casper Labs is currently one of the main promoters of the enterprise application of blockchain technology. After technical cooperation with a number of well-known Web2 companies including IBM and AWS, it also cooperated with Davos during the World Economic Forum 2023 Summit. CV Labs co-hosted the Blockchain Hub Davos 2023 Encryption Industry Summit, and collaborated with many influential companies from technology, blockchain and other fields, including IBM, AWS, SIEMENS, IEEE, Citigroup, Qualcomm, Swisscom, Coinbase, Binance, etc. Jointly conducted a 3-day in-depth discussion on the development and application of blockchain technology and encryption industry. The holding of the summit not only enhanced the influence and popularity of the enterprise-level blockchain ecology represented by Casper Labs, but also promoted the development of the encryption industry and the development process of enterprise-level blockchain applications.
01 Blockchain Hub Davos 2023
From January 16 to 20, 2023, the high-profile world-class global economic summit "Davos World Economic Forum (WEF)" will be held in the small town of Davos, Switzerland. Industry summit Blockchain Hub Davos 2023 (Blockchain Center Davos 2023), including IBM, AWS, SIEMENS, IEEE, Citigroup, Qualcomm, Swisscom, Coinbase, Binance, etc., from technology, blockchain, and Influential companies in other fields attended and participated in the discussion of the meeting.
The Blockchain Hub Davos 2023 Summit lasted for four days from the 16th to the 19th, and from the 17th to the 19th, a discussion on an industry theme was held every day.
Among them, the theme on the 17th is "Restoring Trust in Digital Assets". The core topic of discussions and speakers is the adoption and security of encrypted assets, and involves DeFi, DID, and compliance.
The theme of the meeting discussed on the 18th was "The Impact of Blockchain on Enterprises and Governments". How blockchain technology can expand its audience and become widely accepted.
At the conference on the 18th, Casper Labs board member Marc Degen set the tone for the day with his opening keynote, in which he explored the promise of blockchain (and more specifically, powering blockchain transactions smart contracts), there is currently still a gap between the ability of enterprises to maintain full visibility, access and control of their data once it is deployed on-chain, and innovations like Casper’s natively upgradable smart contracts , is slowly but surely making that promise a reality. In the afternoon, technology giants including SIEMENS, AWS and CISCO all said that with the growth of customer demand, they are increasing their own blockchain products to better expand the business ecosystem.
The main theme of the meeting on the 19th was "Futurism Forum". The core discussion was to explore the future development trends and trends of the encryption industry, and included Web3 games (GameFi), Metaverse, AI, NFT and distributed storage, etc. In-depth exploration of the development trend of the sector.
During the Blockchain Hub Davos conference, Casper Labs, one of the organizers, also introduced and demonstrated the Casper ecology, including the introduction of the Casper wallet, the introduction of CasperShops on Droplinked, how to mint and distribute encrypted assets in the Casper network, Hyperledger -Casper Atomic Swaps (Moving Data Between Private and Public Blockchains), Telangana Building an E-Invoicing Initiative on Casper, Invoice Processing Platform Demonstration on Casper, Introduction to NFT Project CasperPunks with Real Utility, and How to Use GameSwift on Casper Expand blockchain games and more.
Similarly, Leann Pinto, president of IPwe, Daniela Barbosa, director of the Hyperledger Foundation, and Medha Parlikar, CTO of Casper Labs, also announced an important industry milestone at the meeting, that is, IPwe deployed on the Casper blockchain in the form of dynamic NFT 25 million patents. This is the largest blockchain deployment in the encryption industry so far, and it also marks the realization of blockchain technology as the most important enterprise implementation infrastructure and the long-term theoretical use case of NFT. This has positive significance for the development of Casper ecology and the feasibility of blockchain technology enterprise application time.
Outside of Blockchain Hub, Casper Labs CTO Medha Parlikar joins CNBC's Arjun Kharpal for a live segment that explores growing trends in enterprise blockchain adoption, including how most enterprise leaders report plans to purchase and/or deploy in 2023 blockchain technology.
In addition, it is worth mentioning that at the meeting on the 18th, CasperLabs CTO Medha Parlikar and Binance CEO "CZ" Zhao Changpeng held a virtual online "fireside party" in the form of interviews, and focused on "Never Stop" The topic of construction” has been discussed, which has aroused the attention of the industry. Focusing on blockchain technology, CZ said that blockchain is expected to improve information sharing on a grander level and completely change the way value is transferred, but blockchain technology is still in the early stages of development. In addition, CZ also expressed his views and opinions on issues such as encryption industry regulation, user guidance and education, suggestions for industry entrepreneurs, environmental protection issues, and blockchain enterprise applications.
Before hosting Blockchain Hub Davos 2023, Casper Labs and CV Labs jointly announced the blockchain hub Davos plan held in Davos, Switzerland in early May 2022, and the blockchain hub of Davos has convened Hundreds of leading policy makers, Fortune 500 executives, and academics held a series of discussions to explore how far Casper Labs has come in blockchain adoption since last crypto winter, and how much Casper Labs may still be in the future. Promote the development of the encryption industry and promote the integration of the Web2 and Web3 worlds to carry out extensive layout.
02 Casper Labs is committed to promoting blockchain enterprise applications
At present, according to a previous market research report by Casper Labs, nearly 90% of enterprises in the United States, the United Kingdom, and China have begun to use blockchain to some extent, which means that the enterprise blockchain market is a rigid demand market, as well as A blue ocean market with potential. However, the main problems in the application of blockchain enterprises lie in the lack of blockchain development skills of enterprise developers, the poor interoperability of the blockchain itself, and the trust in the blockchain itself.
In fact, we see that among the main blockchain systems represented by Ethereum, BNB Chain, and Avalanche, they currently mainly serve the Web3 field such as DeFi, GameFi, and SocialFi, and are advancing to the Web2 field, especially enterprise users. Among them, the overall development is sluggish due to the system's own problems (security, business compatibility, performance, development costs, use costs, etc.). Therefore, we can see that there is indeed a certain difference in narrative between the blockchain support of traditional Web2 enterprises and the blockchain infrastructure in the Web3 field.
The Casper blockchain network launched by Casper Labs is more natively suitable for serving enterprise users in terms of technology and design.
As a Layer 1 blockchain and a smart contract platform with Turing complete features, the Casper network is supported by the Proof of Stake (PoS) consensus algorithm and WebAssembly (WASM). Blockchain can be neatly integrated into any IT architecture.
In addition to being a layer 1 public chain, the Casper network is built and optimized for enterprise and developer adoption. While leveraging blockchain technology, Casper supports Rust and AssemblyScript by developing unique features such as predictable network fees, upgradable contracts, on-chain token governance, privacy flexibility, and a developer-friendly language , most programmers with experience in existing programming languages can build on Casper. The ability for developers and businesses to benefit from blockchain technology is a core function of Casper and an advantage over other blockchain systems.
Most importantly, another unique feature of Casper is the flexibility of Casper for various deployments. Enterprises/developers can choose to use a completely private Casper network, or put everything on the public network, or choose to use a hybrid Deployment, which is very important for enterprise users, this will mean that enterprises that usually only use private networks can also use public networks while complying with regulations, which allows enterprises and developers to seamlessly integrate blockchain technology into their existing systems and development processes.
At present, the number of blockchain developers (mainly based on Solidity) is only about 1 million, and with the further technical upgrade of Casper 2.0, it will also bring innovations that are more friendly to developers and help the world " The other" 25 million developers can more easily develop and build applications on Casper.
Casper Network itself has been at the forefront of progress in the enterprise blockchain market, with early partners including China's blockchain-based service network BSN, India's Telangana government blockchain initiative, tech giant IBM (building Hyperledger Fabric private network instance and NFT atomic cross-chain swap), AWS, etc.
03 A new value depression in the development of NFT track
In addition to enterprise-level blockchain applications, NFT is clearly becoming one of the development narratives of the Casper network. The Casper blockchain not only supports developers, businesses and NFT artists to create and develop, Casper's NFT standard introduces a series of features that will go beyond the current understanding of non-fungible tokens. Compared with Ethereum, which is based on basic protocol standards such as ERC721, and further builds a lack of proven protocol standards in the form of proposals, Casper will provide more convenient NFT expansion functions based on "upgradable smart contracts". Conditions (efficient, scalable), it is more secure.
At present, Casper's NFT standard CEP-78 has achieved excellent efficient tools, technical support and scalability, and can implement more types of documents to manage, hold and trade unique tokens on the Casper blockchain.
Currently supported features include:
● Ease of use with hard-coded "out of the box" patterns, allowing installation of application-specific NFTs without programming.
● Improved variability of on-chain metadata, enabling NFTs to track changes in the state of their associated assets.
●Optional upgrade mode and weighted key management.
●NFT corresponds to a practical model of physical, digital or "intangible" assets (such as trademarks).
● Native whitelist functionality, allowing NFT authors the ability to mint NFTs for pre-selected groups of accounts.
In addition, Casper uses the trusted execution environment TEE (Trusted Execution Environments) for a verifiable minting process to ensure the safe storage, authentication and verification of NFT. TEE is a relatively mature privacy means in the current encryption industry. The hardware-based trusted execution environment will better protect the security of metadata and is expected to expand in the direction of privacy. This will help improve content plagiarism, protect intellectual property, traceability and patents. (Csaper's partner IPwe has already practiced) has an extremely important role. Based on Casper's existing ecological foundation, it is also expected to lower the threshold for enterprises to adopt NFT, and become a new value depression for the development of NFT track.
Currently, a number of projects including Metacask, Dmusic and DGallery, Wise.Art, CasperPunks, Friendy.Market, House Of Rare, Kunft Marketplace, and IPwe are using the NFT technology of the Casper blockchain.
The original intention of the construction of blockchain technology is application-oriented, but at present, most blockchain ecosystems are still difficult to make breakthroughs in applications. Enterprise-level applications are a very important direction, which will promote blockchain technology to a more positive direction. , Development in a valuable direction, which is one of the values of the Casper Labs ecosystem. In addition to technology, Casper Labs is accelerating the traditional world's understanding of blockchain technology itself by holding a summit, and allowing the mainstream world to re-evaluate the feasibility of blockchain technology in enterprise applications, which will further promote Large-scale adoption of blockchain technology, cryptocurrencies, etc., and compliance processes.