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Hashing It Out: What occurs when cloud meets Web3?

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The guests on this episode of Hashing It Out impart about how cloud technology and Web3 intersect, with a particular focal point on person identity and regulations.

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Cointelegraph’s Hashing It Out podcast talks to Howie Jiang, Web3 chief resolution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos about how crypto can capture income of cloud technology. The 2 companies currently presented a partnership to “flee the Web3 build.“

Tencent Cloud, a preferred worldwide cloud provider, is having a guess carefully on Web3 with operations in 27 regions and a total lot of projects connected to Web3. Jiang highlights the company’s trip with Web3 and explains that the cloud firm wants to lengthen abroad after working with nonfungible tokens (NFTs) and other blockchain products in China.

Elastos has been constructing what it describes as “the following section of the win” for the last five years. Miah explains that a commitment to providing folks with dazzling digital sovereignty units it besides other projects.

With out a doubt one of several areas Elastos is calling to give a defend to the win is identity verification. Miah explains that a sustainable contrivance to test the identity of folks behind accounts on the win is by method of a decentralized identifier and a verifiable credential since the person is in complete regulate. He explains that users hold to be allowed to head to a Know Your Buyer (KYC) provider of possibility and battle by method of the verification processes independently. After this, the KYC provider will issue the person a credential they are able to publish to online purposes when required.

Jiang and Miah display how the partnership between Tencent and Elastos makes use of cloud instrument to boost Web3 alternate suggestions for each day net complications love identity verification. The episode furthermore discusses the following steps wanted for worldwide Web3 adoption and how regulations will impact the exchange in the upcoming months.

Eavesdrop on the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts or TuneIn. It’s likely you’ll per chance possibly also furthermore explore Cointelegraph’s full catalog of informative podcasts on the Cointelegraph Podcasts page.

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Disclaimer: This text is for accepted info functions and is now no longer intended to be and could per chance goal now no longer be taken as neatly-behaved or investment recommendation. The views, thoughts, and opinions expressed listed here are the creator’s on my own and elevate out now no longer necessarily mirror or signify the views and opinions of Cointelegraph.

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