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Ant Group’s Latest Advancements in Web3 Technology

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According to on-site reports, the Ant Group Digital Technology Developer Conference was held in Hangzhou on April 26th. Jiang Guofei, Senior Vice President of Ant Group and Preside

Ant Groups Latest Advancements in Web3 Technology

According to on-site reports, the Ant Group Digital Technology Developer Conference was held in Hangzhou on April 26th. Jiang Guofei, Senior Vice President of Ant Group and President of Digital Technology Business Group, revealed in his speech that Ant Digital Technology has launched multiple Web3 products, including: 1. a large-scale blockchain open architecture HOU that supports 10000 level nodes, 100000 level transaction TPS performance, and PB level data ledger storage and processing capabilities;

Ant Group Releases Multiple Web3 Products including Ethereum Compatible Web3 Open Alliance Chain

As technology continues to advance at an unprecedented rate, Ant Group, one of China’s largest financial technology companies, has proven once again to be at the forefront of innovation. On April 26th, the Ant Group Digital Technology Developer Conference was held in Hangzhou where Senior Vice President, Jiang Guofei, announced the launch of multiple Web3 products. In this article, we will delve into the details of these exciting new developments and their potential impact on the future of blockchain technology.

Introduction to Web3 Technology

Before we dive into the specifics of Ant Group’s new products, it’s important to first understand what Web3 technology is. Essentially, Web3 is a term used to describe the next generation of the internet – one that is decentralized and not controlled by any central authority. It promises to transform the way we interact with each other, businesses and institutions, by removing intermediaries, creating trustless systems and enabling peer-to-peer transactions on a global scale.

HOU – A Large-Scale Blockchain Open Architecture

At the conference, Jiang Guofei shared that Ant Digital Technology has launched a large-scale blockchain open architecture known as HOU. This groundbreaking platform supports 10000 level nodes, 100000 level transaction TPS performance, and PB level data ledger storage and processing capabilities. This makes HOU one of the most impressive blockchain platforms to date, in terms of scale and performance.
One of the core strengths of HOU is its ability to provide businesses with greater transparency and security while also meeting their specific needs. In traditional blockchain systems, all nodes have access to all information on the network. However, HOU allows businesses to customize permissions for each node, making it easier to maintain confidentiality and privacy.

Other Web3 Products

In addition to HOU, Ant Digital Technology also launched several other exciting Web3 products at the conference. These included:

1. Tradelink

Tradelink is a new trading platform that utilizes blockchain technology to connect buyers and sellers in a trustless environment. By using smart contracts, Tradelink ensures that transactions are executed only when certain pre-agreed conditions have been met, making it a secure and reliable platform for traders.

2. AntChain

AntChain is a blockchain-driven platform that provides a variety of services to businesses, including supply chain management, digital copyright protection, and charitable donations. AntChain is also designed to be highly scalable, with the ability to process over a billion transactions per day.

3. AntPass

AntPass is a secure authentication system that utilizes facial recognition technology, making it easier for users to access their accounts while also maintaining high levels of security.

The Future of Web3 Technology

The launch of these innovative Web3 products by Ant Digital Technology represents a significant step forward in the development of blockchain technology. With the ability to support large-scale transactions and storage, as well as providing enhanced security and transparency, businesses will be able to reap the benefits of blockchain technology like never before.
As Web3 technology continues to evolve, it’s clear that Ant Digital Technology will be at the forefront of this transformation. With their relentless focus on innovation and their deep understanding of the needs of businesses, they are well positioned to become a major player in the Web3 ecosystem.

Conclusion

Ant Group’s latest advancements in Web3 technology are proof that blockchain is no longer just a buzzword. With the launch of HOU, Tradelink, AntChain, and AntPass, Ant Digital Technology is demonstrating that they are committed to driving innovation and creating new opportunities for businesses. As blockchain technology continues to expand, we can expect to see even more exciting developments from Ant Group in the future.

FAQs

1. What is Web3 technology?
Web3 technology is a term used to describe the next generation of the internet, one that is decentralized and not controlled by any central authority.
2. What is HOU, and what can it do?
HOU is a large-scale blockchain open architecture that supports 10000 level nodes, 100000 level transaction TPS performance, and PB level data ledger storage and processing capabilities. It provides businesses with greater transparency and security while also meeting their specific needs.
3. What other Web3 products did Ant Group launch?
Ant Group launched several other Web3 products at the conference, including Tradelink, AntChain, and AntPass. These products utilize blockchain technology to provide a variety of services to businesses, including trading, supply chain management, and secure authentication.

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