With the smooth holding of a series of Web3 industry events such as Korea Blockchain Week, Shanghai Blockchain Week, TOKEN2049, etc., the Web3 industry and blockchain technology still show a booming trend in the bear market environment. Many innovative project parties and practitioners are looking forward to and promoting a decentralized ecosystem with user sovereignty and value sharing.
Cumulus Encrypted Storage System (CESS), as the industry's first blockchain network to support large-scale commercial storage, provides the best solution for the storage and retrieval of Web3 high-frequency dynamic data, and is responsible for providing advanced, flexible and , responsibility for reliable and scalable infrastructure. Promoting the widespread application of Web3 and creating a new era of interconnected sharing of data value is one of CESS's visions. Therefore, CESS is not only a storage network, but also a secure, efficient, open source, scalable and decentralized value interaction network that supports the valuing of data within the network and the free circulation/sharing of data value, and is implemented in a trustless manner. User data privacy protection and absolute data sovereignty.
At TOKEN2049, which was successfully held in Singapore this month, elites and companies in the global cryptocurrency, blockchain and financial technology fields gathered together. CESS showed them decentralized cloud storage solutions and data value interaction networks. In addition to actively exhibiting and communicating at the conference, CESS also participated in a series of peripheral activities. It is worth mentioning that the Web3Gaming Hackathon co-organized by CESS, Klaytn, Iskra and ABGA announced the final winning team in Singapore. The Web3 Gaming Hackathon lasted for nearly three months and recruited many developer teams who love games and Web3. The teams that entered the finals completed dazzling project presentations that day, and CESS Co-founder & COO Jessie also presented awards and congratulations to the winning teams.
Reviewing several major trends of TOKEN2049
TOKEN2049 brings together industry pioneers and many high-quality projects to showcase the current development trends and innovative results in the field of blockchain and related technologies. It also provides an ideal platform for experts, enterprises and project parties from different backgrounds and fields to Together we explore and promote practical applications of these trends. The grand event of TOKEN2049 shows that the encryption community is expanding, and the Web3 industry has attracted more cross-industry people, and several topics have attracted the attention and discussion of many participants and speakers.
The combination of AI and blockchain
At this conference, the combination of AI and blockchain has become a hot topic. This trend shows that the two technology fields are working together to drive innovation and provide more possibilities for the future. Several of the world's leading AI research institutions and blockchain companies demonstrated here how they apply AI algorithms to smart contracts, data analysis and network security. It is particularly worth mentioning that through AI, blockchain can achieve higher-level intelligence, such as self-learning and self-adjusting systems, which will greatly increase the efficiency and reliability of the entire ecosystem.
Web2 technology companies, talent and teams flock to Web3
TOKEN2049 also highlights an obvious phenomenon, that is, more technology companies, talents and teams from Web2 are beginning to pour into the Web3 field. This liquidity not only accelerates the growth of the Web3 ecosystem, but also provides a transformation path for traditional Internet companies. These Web2 companies and individuals have expressed that they see great potential and opportunities for development in the Web3 field. In order to better tap into this emerging field, some technology giants in the Web2 gaming industry, in particular, have begun strategic cooperation with existing Web3 projects, or established new business units to explore and develop their own Web3 solutions. Therefore, we can expect GameFi to serve as an influx of talent, technology, and capital, demonstrating more significant innovation and broader impact.
The future of the value Internet era
Value interconnection is a concept that combines value transmission and Internet technology, emphasizing that in the era of digital economy, information transmission and value transmission are equally important. In the Web3 era, value sharing is the key to building a fair, open, and interconnected network ecosystem. To promote the arrival of the era of value interconnection and sharing, we first need to realize value creation. Only when each participant can create independent value on the platform can overall value circulation and interconnection be promoted . CESS discussed with participants how to further enhance value creation by establishing a more effective consensus mechanism, providing a fairer incentive model, enabling user sovereignty through technology, and enhancing user experience.
Web3 redefines value creation and distribution. CESS is committed to building a data value interconnection and sharing network that supports data valorization and free circulation/sharing of data value within the network, and uses a trustless approach to achieve user data privacy protection and absolute data sovereignty. Each participant can receive the rewards they deserve for their contribution to the network and enjoy the value generated by the data .
CESS builds data value network
On a platform with huge influence and forward-thinking like TOKEN2049, CESS successfully demonstrated how it can serve as an infrastructure to promote the arrival of the era of data value interconnection - CESS not only established a platform that supports Web3 high-frequency dynamic data storage The blockchain network has also built a value network that valorizes data and allows free circulation (transaction/sharing) of data value.
Achieve absolute user sovereignty
CESS uses the multi-type data confirmation mechanism (MDRC) to confirm data ownership by using the digital fingerprint on the chain as the only proof of data ownership, and introduces a decentralized proxy re-encryption mechanism to realize the ownership change of data between users, while ensuring privacy. Maximizing the use value of data is achieved on the basis of flexibility. CESS realizes the confirmation of data rights, that is, users have absolute sovereignty over data, laying a technical foundation for the interconnection and mutual sharing of data value in Web3.
Achieve data privacy protection
CESS pioneered DeOSS (Decentralized Object Storage Service). As a decentralized object-based mass storage service in the CESS network, DeOSS aims to provide users with high-frequency dynamic data storage needs with fast reading and writing, high security, and A scalable and privacy-managed decentralized storage service. DeOSS supports real-time sharing of data online and protects users' data privacy by providing data privacy management and privacy permission classification. Users can decide to make the data they have public, private or partial permissions private.
Not only that, CESS also innovatively introduces TEE (Trusted Execution Environment), which enables data processing to implement encryption, storage proof, decryption and other links under the PoDR² (multi-copy recoverable storage proof mechanism) mechanism, ensuring confidentiality and integrity. To maintain data security and privacy.
Conclusion
By participating in TOKEN2049, CESS not only strengthened its connections and cooperation with all parties in the industry, but also clarified its responsibility in promoting the era of data value interconnection. CESS will create a decentralized data value network. Through the token incentive mechanism, idle storage resources can be effectively utilized to form an open and transparent data sharing platform. Developers, creators, merchants and consumers can all participate and jointly promote the creation and circulation of value. CESS creates new opportunities for the circulation and sharing of data, helping users tap into the intrinsic value of data, obtain benefits from it, and continuously explore the value of human digital assets.