Blockchain
Mr. Zach Du Chao Gives His Support to NYU Shanghai New ESG Center
Shanghai, China–(Newsfile Corp. – December 13, 2022) – In December 2022, the board director of the NYU Shanghai Education Development Foundation, Mr. Du Chao, initiated a fund for the NYU Shanghai Environmental, Social, and Corporate Governance (ESG) Research and Learning Center. This ambitious plan aims to boost climate governance efforts at a global level. The fund will support the establishment and operations of the ESG Research Center.
The ESG Research Center will commit to promoting global sustainability concepts in terms of scientific research, education, and social influence. It will promote dialogue and advocate for collaboration on projects with the relevant government departments, social organizations, and corporations in disparate fields. Some major areas that will be explored include green finance, U.N. Sustainable Development Goals (SDG) financing, and China’s global climate governance policy.
With its unique global advantages and great interdisciplinary concepts, NYU Shanghai will fully advance the research on these topics through the ESG Research Center. Leveraging these strengths helps to promote in-depth discussions and great scientific research development.
NYU Shanghai’s excellence deeply lies in its position as one of the three degree-granting campuses in NYU’S global system. It will highly benefit from the great academic resources in green finance, environmental science, and social science. As a result, it will be able to produce meaningful results within the shortest time possible.
Furthermore, NYU Shanghai intends to develop an advisory board for the research center. The advisory board’s committee is dedicated to providing feedback and counsel to the management. It will help the research center advance into one of the best ESG research centers in China and worldwide.
Mr. Du Chao has long participated in global environmental and social issues. He is one of the most active young philanthropists in modern China. Mr. Du Chao’s philanthropic interests stem from child welfare, global health, arts, and cultural exchange to higher education.
He has held highly esteemed positions in fields of his career. For instance, he has served as Children Guardian Ambassador for UNICEF, an active member of the Philadelphia Orchestra’s Global Music Center Advisory Board, and a member of Lincoln Center President’s Council in New York.
In 2021, he joined the NYU President’s Global Council and was appointed as the Philanthropy Mentor for NYU Shanghai. In 2022, Mr. Du Chao became a member of the Board of Directors for the NYU Shanghai Education Development Foundation. He said that he believes that NYU Shanghai’s academic excellence attracts great minds worldwide and provides excellent scientific findings to global environmental problems.
Chairman of Huaren Recycling (China) Group, Mr. Hong Jinzhou, also expressed his expectations for this ESG carbon-neutral center. Huaren Recycling Group is among China’s leading environmental protection and recycling companies. Mr. Hong believes that establishing this carbon neutral center at NYU Shanghai is well aligned with the developments of the current era. He will join in to support this center as an important partner and believes that such partnership will carry profound impacts in the future.
Co-chair of Worldview Global Impact (WGI), Jasmine Wang, is actively looking for organizations, institutions, and individuals worldwide dedicated to promoting sustainability; Mr. Du Chao funding the ESG research center is a great recent example. WGI is a non-profit organization dedicated to promoting the activities of the United Nations Sustainable Development Goals (SDGs) and impact investing. It mobilizes diverse resources for pragmatic and effective social impact. Jasmine looks forward to committing her efforts to support ESG endeavors such as this ESG research center at NYU Shanghai.
For more details about this news and more stories on ESG and sustainable development, please reach out to Jasmine Wang at [email protected].
Resource:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147789
Blockchain
Africa Loyalty Programs Market Databook 2025, with Safaricom, Paga, M-Pesa, Airtel Money, MTN MoMo, Pick n Pay, JumiaPay, Paycode, TradeDepot, Shoprite, Flutterwave, Takealot, Ecobank and More
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African Loyalty Programs Market
Blockchain
Taraxa Report Reveals 20X Overestimation In Blockchain Throughput
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As the Layer-1 ecosystem is increasingly flooded with inflated performance claims, new research from Steven Pu, Co-Founder of Taraxa, delivers a reality check. Using data from Chainspect, the study evaluates the cost-efficiency of 22 blockchains by analyzing the real-world cost of running a validator node against actual mainnet throughput.
Blockchain performance reports often rely on idealized scenarios with private testnets, specialized hardware, and unrealistic assumptions that inflate transactions-per-second (TPS) numbers. This results in performance claims that look impressive on paper but do not hold up in practice.
Pu’s research introduces a more pragmatic approach—measuring transactions per second achieved on mainnet per dollar spent on a validator node (TPS/$). This simple yet powerful metric directly addresses the distortion in performance figures by shifting the focus from theoretical throughput to cost-adjusted efficiency. By assessing how much real transaction processing power a network provides per dollar spent, this study offers a fair and verifiable way to compare blockchains on a level playing field.
Figures are produced by dividing the observed mainnet throughput by the monthly cost of a single validator node. The goal is to ensure that blockchain developers, investors, and users have access to data that truly reflects network sustainability and scalability.
This research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Tellingly, the results expose a striking gap between theoretical performance figures and real-world results. Figures show that theoretical throughput is overstated by a staggering average of 20 times when compared to actual mainnet observations. This means that TPS figures, often cited in whitepapers and marketing materials, vastly exceed what is achievable under real-world conditions.
Such a significant discrepancy suggests that developers, investors, and users may base their decisions on numbers that do not hold up outside of a controlled test environment. This calls for a reform in how blockchain performance is reported and evaluated.
“Investors, developers, and users deserve transparency,” explains Pu. “The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions.”
“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics that actually impact usability, cost-efficiency, and decentralized adoption.”
Findings also show that only four out of the 22 blockchains achieve a double-digit TPS/cost ratio. This low percentage highlights that most networks require high expenditures to reach modest transaction rates. Many networks fall short when the real cost of running a node is considered. Users and developers face a challenging landscape where performance is not always backed by cost efficiency.
Rather than dismissing other chains, Taraxa calls for more transparent, verifiable and balanced metrics for comparing blockchains. The research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Overall, the research challenges common industry practices that rely on overly optimistic theoretical metrics. The market often relies on figures generated under ideal conditions that rarely match everyday use.
By basing this study on data from live networks, the Taraxa team provides a more grounded look at blockchain performance. The focus on cost efficiency and real-world conditions helps set a new standard for performance reporting.
The post Taraxa Report Reveals 20X Overestimation In Blockchain Throughput appeared first on News, Events, Advertising Options.
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