A Gathering of Giants | ARPA’s Keynote Speech at T-EDGE X Global Blockchain Summit
On July 17, TMTPost and ChainDD co-hosted the “T-EDGE X One World in Tech Global Blockchain Summit” with 6mai Tech and BSN Alliance.
Industry giants such as China Mobile, UnionPay, Zhongchao Credit Card Group, Ant Financial, QCloud, Baidu, Hundsun Tech, JD Digits, WeBank, and China Academy of Information and Communications Technology (CAICT) all attended and discussed the application paradigm and prospect of blockchain together.
Professionals from blockchain industry had heated discussions on blockchain, smart cities, industrial empowerment, sample analysis, technology evolution, and blockchain commercialization ideas.
The summit started on June 29th and lasts for one month. During these thirty days, more than twenty live-streaming platforms will broadcast the summit across the world, with over 5 million viewers online at the same time; a number of themed conferences and five cutting-edge forums will be held around the clock.
Guests that attended include:
- Mr. Chai Hongfeng, academician of the Chinese Academy of Engineering and president of the National Engineering Laboratory of Electronic Commerce and Electronic Payment
- Mr. Shan Zhiguang, director of the Informationization and Industry Development Department of the State Information Center and director of the Blockchain Service Network (BSN) Alliance
- Mr. Fan Guifu, chairman of ZhongChao Credit Card Development Co. , Ltd.
- Mr. Zhou Yu, Senior Director of the Electronic Payment Research Institute of UnionPay and Head of Blockchain department of UnionPay
- Mr. Jin Ge, Vice President of Smart Technology Group and General Manager of Ant Blockchain Product Department of Ant Group
- Mr. Shao Bing, head of the blockchain department of QCloud
- Mr. Sun Haitao,head of the blockchain department of Hundsun Tech
- Mr. Fan Ruibin, head of the blockchain department of WeBank
- Mr. Zhai Xinlei, head of the blockchain department of JD Digits
- Mr. Yu Yannan, product manager of the system department of Baidu blockchain
- Mr. Felix Xu, co-founder & CEO of ARPA
Felix delivered a keynote speech on “Privacy-Preserving Computation — The New Platform for Digital Banking” and had a roundtable discussion with Shao Bing, head of blockchain products department at QCloud, and Sun Haitao, head of blockchain department at Hundsun Tech.
During the roundtable, they shared their views on how blockchain can promote financial product innovation and upgrade its efficiency.
He mentioned that the biggest driving force for the development of privacy-preserving computation is regulation. The biggest reason why people are paying more and more attention to personal privacy protection is due to increasingly strict nation wide data protection act and other privacy-related legislations.
Felix thinks that the entire privacy-preserving computation industry is still in its early stage, and it is easier to cut-in from the financial field, because its data value is relatively high. At the same time, the digitalization and data structuring degree of this field is comparatively deep. He believes that in the next five or ten years privacy-preserving computation will develop tremendously.
Felix thinks that the ultimate goal of privacy-preserving computation is to protect everyone’s data and their data right & data ownership. In the end, the value of these data can be returned to users, or give back to those enterprises. We can one day realize the ambitious goal of turning data into an asset class.
About ChainDD and TMT Post
ChainDD is a global information and technology company based in New York. It provides direct contact to digital assets and blockchain innovation through accurate and timely delivery of Blockchain-oriented articles and financial insights as well as services to individuals and institutions around the world.
ChainDD spun off from TMTPost Group, the most professional and influential digital media of delivering worldwide technology industry news and data in China, having more than 150 million readers and 1.5 billion total page views in one year. ChainDD is currently ranked as №1 blockchain related news app in China with more than 2 million registered users and delivering a daily average of 100 articles and flash news 24/7.
ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy.
Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.
For more information about ARPA, or to join our team, please contact us at email@example.com.
Learn about ARPA’s recent official news：
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