This summit is now in its fourteenth year. It featured prominent Web3 industry figures, such as Nicholas Zaldastani (CESS Chairman), who gave a deep technical and operational dive into Web3.
CESS (Cumulus Encrypted Storage System) is the third generation of decentralized cloud-based storage protocols designed for Web 3.0. Web3 technology has been a major player in discussions about how we should all connect, share and do business. However, there are still many misconceptions surrounding the Web3 growth path, business opportunities, and Web3’s role within the larger tech community.
IVS Crypto 2022 organized a panel to talk about all things Web3 on July 8, 2022. Masa Kakiya, of Consensys moderated the panel, which featured industry leaders from Nakji Network and Bware Labs. It also included Nicholas Zaldastani (Chairman of CESS).
The Web3 revolution was discussed among other topics. How – and why – should businesses join the Web3 revolution? What are the biggest opportunities available in the Web3 space for businesses?
Panelists also discussed how to create Web3-native applications; Web2 infrastructures that are decentralized and Web3-based over Web2 systems; transitioning businesses to Web3; and new ways to get onboard to this revolutionary paradigm.
CESS Chairman Nicholas ZaldastaniCommented on the conference, and stated: “Web3 is about bringing together the world’s computing power, data, and networks in a highly secure distributed system. Web3 has the highest technological achievements, from Web2.0 and historic mainframes all the way to Web3. Web3 will allow us to create new applications, not only will it make our current applications safer and more efficient but also open the door for entirely new applications. CESS is the Web3 storage system that will ensure that this is all possible.”
Part of Mr. Zaldastani’s talk centered around ensuring that products and applications meet and scale to user expectations given the explosive adoption of Web3, ensuring fast and performant bare metal configurations that contain large storage capacities, and how to succeed as a Web3-native business operating in a fast, free, and user-centric world.
To many, Web3 is such a revolutionary new way of doing things that it has caught some people off guard, and they are therefore a little wary of joining the movement without first fully understanding it – even given its numerous benefits and the unique value proposition of Web3-based technologies. CESS will be educating the technology space on its vision for Web3, which is decentralized storage that will serve as the basis for Web3-based apps in the future.
CESS provides a decentralized storage solution that uses an unique infrastructure which separates storage and scheduling from consensus. CESS helps to optimize network performance while achieving massively increased speeds of as high as 10,000 TPS.
Combined with improved efficiency, lower costs, amplified storage capabilities, unique incentive mechanisms for miners and network participants, and a successful private funding raise, CESS is suitably positioned to deliver on its USPs of high data assurance with high availability, storage space maximization, speedy data retrieval on the order of milliseconds, and smart integrations and APIs – including support for WASM and EVM compatibility – that will help roll out CESS to real-life platforms and projects.
Find out more information about the conference and learn more about CESS’s role in changing the story for Web3 storage decentralization here.