➤ DAY ONE: 15 DECEMBER: The Future of Distributed Storage

SUB-TOPICS: Finance for Wealth | Government & Big Tech | Blockchain in the Corporate World | Fintech

➤ DAY TWO: 16 DECEMBER: Sector Focus

SUB-TOPICS: Regulation | Sustainability/Energy | Diversity | Entrepreneurship | New Age Digital Currency | Real Estate

➤ DAY THREE: 17 DECEMBER: NFTs

SUB-TOPICS: Metaverse | Gaming

The introduction of distributed storage technology will break the monopoly of the major corporations. It can effectively improve the problems caused by the limitations of a centralized network and enhance the availability and reliability of the system. Distributed storage technology allows for better transparency, distribution, communication and identity management that will enable the Internet to be value-oriented and decentralized. In the long term, this technology has the capabilities to revolutionize society as users will no longer be restricted by existing resources and have a more equal opportunity to amass wealth and gain reputation.

At this point in time the Internet framework is powerful, but it is not designed for true decentralization. Most of the current Internet computing and storage is done in the cloud and data centres of large corporations. Their performance and reliability prove to be far stronger than personal terminals. As a result, most of the rights and values of the Internet users are being captured by these corporations.

On the 30th anniversary of the Internet’s creation, Tim Berners-Lee the inventor of the World Wide Web, raised three major problems with the current Internet:

Internet giants are increasingly less concerned with the rights of ordinary users in their business development. The moment the data reaches these organisations, it is already out of the people’s control.

The Internet ecosystem transformed through the distributed storage architecture will realize the decentralization of data assets and break the monopoly of these Internet multinational enterprises. The distributed storage network empowered by blockchain will have the ability to introduce incentive schemes that benefit the general public and will be able to achieve P2P collaboration and value creation between individuals at a lower cost and with higher efficiency. Through a distributed storage network, users can better resist the accumulation of existing resources by monopolistic goliaths and provide themselves with a more equal access to these resources. Be it drawings on stone walls, writing records, printing records or hard disk storage, when people invented these methods for the recording of information, they actually unconsciously promoted the development of data storage and the continued documentation of our civilization. Distributed storage is undoubtedly the next stage of technology that will bring this information to a state of permanence.

Preserving human data is not just a slogan. We look forward to building an indestructible database of mankind through the development of the distributed storage industry and the incentive mechanism of the blockchain to build a core underlying module for development and the continuation of civilization.

Future-oriented distributed storage blockchain incentive algorithm

Proof of Work (POW), as the consensus mechanism at the bottom of the blockchain, is currently recognized as the most suitable mechanism for decentralization. In a large-scale public chain, if an alternative to PoW cannot be found, the energy consumption and carbon emissions caused by this computing power competition cannot be ignored. The energy consumption data of the Bitcoin blockchain and its impact on the environment has already sounded the alarm for us.

Distributed storage enables the return of internet data rights to the general public, and the green blockchain consensus algorithm solves the data confirmation and incentive problems of distributed storage systems, it also solves the value endorsement problem of the blockchain system itself. That is, it can transform from a workload proof mechanism with huge energy consumption issues to a data storage proof mechanism that has low consumption of power that is environmentally friendly and has huge industrial application prospects. This is not only an opportunity for the reconstruction of the Internet, but also a blockchain consensus proof mechanism that will be a huge leap for society

Practice of Distributed Storage Industry based on Sustainable Blockchain Consensus Algorithm

Whether it is the transformation of the Internet value system or the writing of an environmentally friendly blockchain consensus algorithm, the industry has developed many projects of significance. We will share their development story and prospects in this topic.

This meeting convenes relevant government departments, notable blockchain industry experts, and industry investment institutions, related academic and research institutions, star project parties and other parties together. This conference will provide the distributed storage industry with more policies, financial support and more influx of human resources.