As a close partner to Web3 customers in the Middle East, Huawei Cloud continues to drive the growth and development of the Web3 ecosystem in the region and beyond through collaboration with industry partners and participation in key events.
As part of TOKEN2049 week, Huawei Cloud participated in several key Web3 events in Dubai. It showcased its cloud solutions and collaborated with industry partners to drive Web3 innovation across various domains, from infrastructure to the metaverse. During the events, Huawei Cloud engaged in meaningful discussions with industry leaders on ZK rollups, node hosting, and security.
The week long Dubai chapter of the TOKEN2049 series was held in April, 2024, featured a wide range of co-located events, meetups, workshops, networking events and hackathons. Huawei Cloud joined the Web3 Summit, a co-located event that brought together experts, scholars, and entrepreneurs from around the world in the Web3 field to explore the latest advancements in Web3 technology, including blockchain, decentralized finance, smart contracts, and more.
Dr. Li Huaxi, Director of Web3 Product at Huawei Cloud, described crypto-native technology as the core of the next-generation Internet, highlighting the importance of blockchain and its role in the future of the Internet. “When users submit transaction requests on the blockchain, they pay the node operator a fee for occupying a block space. To encourage operators to maintain stable network operation, they also receive corresponding block rewards from the blockchain protocol,” he explained.
During the Web 3.0 Open – Meta Era Reunion on April 20, Dr. Xue Tengfei, Web3 Technical Planning Expert at Huawei Cloud, discussed the crucial role of zero-knowledge proofs in maintaining the development of the decentralized world computer, which forms the infrastructure of Web3. “Huawei Cloud will provide cloud instances and serverless services to accelerate the generation of ZKP,” he added.
