Conflux Founder Discusses the Future of Blockchain Development: Balancing Technological Innovation and Compliance

At the recent Hong Kong-Shanghai Web3 Development Conference, Conflux founder Long Fan had an in-depth conversation with the CEO of MetaEra. Long Fan, a PhD in computer science from Tsinghua University and MIT, is currently a professor in the Computer Science Department at the University of Toronto, and shared the development history of Conflux and his insights into the future of the Blockchain industry.

With Conflux announcing the upcoming release of version 3.0 of its public blockchain and participation in the offshore RMB stablecoin pilot, its native token CFX has seen a significant increase in a short period of time, sparking discussions in the market.

As a Compliance public chain, Conflux is leveraging this advantage to expand its ecosystem. Long Fan stated that they hope to attract more ecological projects and assets to settle on the Conflux public chain, with a particular focus on cooperation opportunities in China, Hong Kong, and the Asia region.

In terms of cooperation strategy, Conflux has demonstrated a high degree of openness, especially in the fields of stablecoins and real-world asset tokenization (RWA). They maintain contact with multiple teams applying for stablecoin licenses, while also looking for projects willing and able to implement RWA.

Long Fan emphasized that Conflux's positioning is as an infrastructure provider, and they are also willing to support partners in terms of compliance and business. They particularly hope to collaborate with teams that genuinely want to get things done, and this concept has been reflected in their cooperation with multiple projects.

Conflux's development strategy fully leverages the advantages of Shanghai and Hong Kong. Long Fan likens this model to "Shanghai builds roads, Hong Kong manufactures cars." Shanghai is responsible for technological research and development, laying a solid foundation for the public blockchain; while Hong Kong, with its global financial center and policy advantages, becomes the incubation hub for ecological projects.

Long Fan believes that this "technology deepening + capital empowerment" dual-city collaborative model is not only applicable to Conflux but can also become a developmental model for the entire Web3 industry. He believes that through this approach, Hong Kong has the potential to become an important pole in the Web3 world, providing a platform for Chinese Web3 entrepreneurs to strive together.

Looking to the future, Conflux and other Chinese Web3 companies face challenges in how to transform compliance advantages into ecological advantages, how to build global competitiveness through collaboration between the mainland and Hong Kong, and how to maintain technological leadership in pragmatic development. Long Fan's proposed development approach emphasizes compliance as a cornerstone, openness to promote development, collaboration to seek win-win outcomes, and a global vision to plan for the future, which may provide direction for the development of Chinese Web3 companies in the new era.