Tencent Cloud and Elastos Partner to Accelerate Web3 Space
In an exciting collaboration, Tencent Cloud and Elastos have teamed up to harness the power of cloud technology and revolutionize the Web3 space. Howie Jiang, Web3 chief solution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos discuss the potential for crypto and cloud technology to create innovative solutions for everyday internet problems.
Tencent Cloud's Heavy Bet on Web3
Tencent Cloud, a leading global cloud vendor, is making a bold move by investing heavily in Web3. With a strong presence in 27 regions and various projects related to Web3, the cloud company is well-positioned to take advantage of the emerging technology. Jiang highlights Tencent Cloud's experience with Web3 and expresses a desire to expand overseas, following successful ventures into nonfungible tokens (NFTs) and blockchain products in China.
Elastos: Building the Future of the Internet
For the past five years, Elastos has been dedicated to developing what it calls "the next phase of the internet." According to Fakhul Miah, Elastos stands out from other projects due to its commitment to providing individuals with true digital sovereignty. The company's mission is to empower users and give them complete control over their digital identities and online interactions.
Improving Internet Identity Verification
One area Elastos aims to enhance is identity verification on the internet. Miah explains that a decentralized identifier and a verifiable credential are essential for sustainable and user-controlled identity verification. Users should have the freedom to choose their Know Your Customer (KYC) provider and independently go through the verification process. Once verified, the KYC provider issues a credential that users can submit whenever required by online applications.
Cloud Software Boosts Web3 Solutions
The partnership between Tencent and Elastos leverages the power of cloud software to enhance Web3 solutions for everyday internet challenges, including identity verification. By combining their expertise and resources, the companies aim to drive the adoption of Web3 on a global scale.
The Path to Global Web3 Adoption and Regulatory Impact
In the latest episode of the Hashing It Out podcast, Jiang and Miah delve into the next steps needed for widespread Web3 adoption and the potential impact of regulations on the industry. They discuss the intricate relationship between cloud technology, crypto, and Web3, shedding light on the exciting possibilities that lie ahead.
Listen to the Latest Episode of Hashing It Out
Discover more about the partnership between Tencent Cloud and Elastos, as well as the future of Web3, by tuning into the latest episode of Hashing It Out. Listen on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. Don't forget to explore Cointelegraph's extensive collection of informative podcasts on the Cointelegraph Podcasts page.
