{"id":166681,"date":"2023-10-02T18:12:14","date_gmt":"2023-10-02T12:42:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=166681"},"modified":"2023-10-02T18:12:14","modified_gmt":"2023-10-02T12:42:14","slug":"what-happens-when-cloud-meets-web3-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-happens-when-cloud-meets-web3-crypto-news\/","title":{"rendered":"What happens when cloud meets Web3? – Crypto News"},"content":{"rendered":"
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Cointelegraph\u2019s Hashing It Out<\/em>\u00a0podcast talks to Howie Jiang, Web3 chief solution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos about how crypto can take advantage of cloud technology. The two firms recently announced a partnership to \u201caccelerate the Web3 space.\u201c<\/p>\n

Tencent Cloud, a popular global cloud vendor, is betting heavily on Web3 with operations in 27 regions and multiple projects\u00a0related to Web3. Jiang highlights the firm\u2019s experience with Web3 and explains that the cloud company wants to expand overseas after working with nonfungible tokens (NFTs) and other blockchain products in China. <\/p>\n

Elastos has been building what it describes as \u201cthe next phase of the internet\u201d for the last five years. Miah explains that a commitment to providing individuals with true digital sovereignty sets it apart from other projects. <\/p>\n

One of several areas Elastos is looking to improve the internet is identity verification. Miah explains that a sustainable way to verify the identity of people behind accounts on the internet is through a decentralized identifier and a verifiable credential because the user is in total control. He explains that users should be allowed to go to a Know Your Customer (KYC) provider of choice and go through the verification processes independently. After this, the KYC provider will issue the user a credential they can submit to online applications when required. <\/p>\n

Jiang and Miah explain how the partnership between Tencent and Elastos utilizes cloud software to boost Web3 solutions for everyday internet problems like identity verification. The episode also discusses the next steps necessary for global Web3 adoption and how regulations will impact the industry in the coming months. <\/p>\n

Listen to the latest episode of Hashing It Out<\/em> on Spotify<\/a>, Apple Podcasts<\/a>, Google Podcasts<\/a>\u00a0or TuneIn<\/a>. You can also explore Cointelegraph\u2019s complete catalog of informative podcasts on the Cointelegraph Podcasts page<\/a>.<\/p>\n

Magazine: <\/em><\/strong>Can you trust crypto exchanges after the collapse of FTX?<\/em><\/strong><\/a><\/p>\n

Disclaimer: This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. <\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cointelegraph\u2019s Hashing It Out\u00a0podcast talks to Howie Jiang, Web3 chief solution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos about how crypto can take advantage of cloud technology. The two firms recently announced a partnership to \u201caccelerate the Web3 space.\u201c Tencent Cloud, a popular global cloud vendor, is betting heavily on Web3 with […]<\/p>\n","protected":false},"author":2,"featured_media":166682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-166681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=166681"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166681\/revisions"}],"predecessor-version":[{"id":166684,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166681\/revisions\/166684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/166682"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}