Conflux is recognized in a KPMG and HSBC report as one of Asia's top cryptocurrency projects.

Jamie Larson

• 2 min read
Conflux is recognized in a KPMG and HSBC report as one of Asia's top cryptocurrency projects.

In a survey published by KPMG and HSBC, Conflux, the only publicly accessible blockchain in China that complies with regulations, was recently designated one of the "Leading 100 Emerging Giants in the Asia Pacific." Only five cryptocurrency firms, including Conflux, Hyperchain Technology, Stader Labs, Maicoin, and Catheon Gaming, made the report's top 100 startups list.

In addition to SaaS, sustainability, fintech, blockchain, and other new industries, the KPMG HSBC research highlights the breadth and depth of innovators in the Asia Pacific region. To find the next possible unicorns—a business valued at over $1 billion—the two financial institutions examined more than 6,000 startups operating in the Asia Pacific area.

Conflux is in a unique position to deliver blockchain technology to both local and foreign businesses searching for a globally decentralized blockchain solution because it is the only public blockchain in China that complies with regulations. Numerous regional governments, businesses, and brands are actively using Conflux's underlying blockchain architecture for use cases including supply chain management, NFTs, DeFi, and others. To date, NFT collections have been introduced on Conflux Core by both domestic and international companies like CCTV, McDonald's China, Oreo, LVMH, and NAYUKI.

“We’re thrilled to be recognized as one of the top blockchain companies emerging from the APAC region,” said Fan Long, Co-Founder of Conflux. “As more and more enterprises and startups explore blockchain technology, we’ll continue to provide them with the tools needed to launch and scale their products within a flexible yet fully decentralized environment.”

Conflux had a hard fork earlier this year to increase security against potential attacks while also granting developers working on Conflux additional flexibility. The network's existing Proof of Work (PoW) chain was expanded with a Proof of Stake (PoS) finality chain as part of the upgrade, enabling projects to scale without compromising security. Additionally, Conflux unveiled eSpace, an environment for executing smart contracts that is EVM-compatible and enables developers to quickly install and run dApps and smart contracts built natively for Ethereum inside the Conflux ecosystem.

Despite the fact that only five cryptocurrency businesses made the Leading 100 list this year, the report provided a positive picture of blockchain technology. In the report, KPMG Asia-head Pacific's of tech, media, and telecoms (TMT), Darren Yong, said: "We anticipate that blockchain enterprises and crypto assets more generally will revive at some time. Applications will increase again, and if these unicorns succeed in providing value, they could become the next Amazon.

About Conflux

Conflux is a Layer 1 permissionless blockchain that links disparate economies across boundaries and communication protocols. Conflux offers a quick, safe, and scalable blockchain ecosystem with zero congestion, cheap fees, and increased network security. Conflux has moved to a hybrid PoW/PoS consensus.

Conflux offers a distinctive edge for projects developing and growing in Asia because it is the only public blockchain in China that complies with regulations. Conflux has worked on blockchain and metaverse projects in the area with international companies and governmental organizations, including Shanghai, McDonald's China, and Oreo.

To learn more about Conflux,