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Diguni Web6.0 Introduces Global Tour Summit in Bangkok Station with Innovation in Ecosystem

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Hainan, China–(Newsfile Corp. – May 20, 2023) – In May 2023, the “Entering the First Year of WEB6.0 Technology” themed conference, initiated by Hainan Storage Metaverse Technology Co., Ltd., will be held in Bangkok, Thailand. The convening of this conference signifies the official commencement of the global tour roadshow for the DIGUNI Web6.0 project advancement themed conference.

Hainan Storage Metaverse Technology Co., Ltd.,

Experts and representatives from various fields such as the Internet of Things, AI, imaging technology, blockchain, and 6G communications will be invited to attend this conference. Mr. Zhao Xiaobin of Hainan Meta-Universe Storage Ltd. has been invited to attend and deliver the opening speech. He will discuss the current progress and future prospects of the Web 6.0 project at the conference. Moreover, he is also initiating the involvement of a discussion team comprised of experts in the fields of Internet of Things, AI, imaging technology, blockchain, and 6G communications, as well as representatives from various sectors. Each will share the technological advancements they have achieved in their respective fields in recent years, their potential contributions to the future construction and implementation of Web 6.0, and the future development direction of their respective technologies.

The conference will explore and exchange views on the market potential, economic value, and social value generated by the implementation of Web6.0.

Hainan Storage Metaverse Technology Co., Ltd.,

The convening of this conference has significant social significance and value, indicating that under the leadership of Hainan Storage Metaverse Technology Co., Ltd., through cross-industry collaboration and the joint initiation of the WEB6.0 project by various research institutions and commercial entities, once it is fully implemented, it will cause a sensation worldwide.

The implementation of the Web6.0 project signifies that a new era is about to officially begin, where humans will transition from being “experiencers” to “creators”. In the Web6.0 world constructed by DIGUNI, people can freely create, work, and live without violating the DAO conventions, and achieve true consciousness storage, immortality of consciousness, and interconnection of all things through consciousness alone.

Name: Ali Zaib
Company Name: Hainan Storage Universe Technology Co., Ltd.
Website: https://www.huazhonglh.com/
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/166849

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Blockchain

THXLAB and IZUTSUYA Announce Strategic Partnership

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Blockchain

OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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