CoinsDo, a leading blockchain technology company, took center stage at the TEAMZ Web3 Summit held at the Toranomon Hills Forum in Tokyo. The renowned summit, known for bringing together industry leaders, experts, investors, and developers, was the perfect platform for CoinsDo to showcase their new Multi-Party Computation (MPC) feature. CoinsDo had the privilege of having one of their representatives speak at the summit's pitch event to promote this groundbreaking technology.
About TEAMZ Web3 Summit
The TEAMZ Web3 Summit, held on May 17 and 18, witnessed the participation of 137 companies from across the globe. The event featured a diverse range of activities, including keynote speeches, panel discussions, and pitch events, with the aim of boosting Japan's Web3 industry. This year's summit saw the attendance of approximately 80 top Web3 industry speakers, 20 venture capitalists and investors, 64 sponsors, 31 major media companies, 42 community partners, and over 100 speakers.
CoinsDo's New Take on MPC
CoinsDo's exhibition at the summit drew significant attention from attendees, thanks to their unique approach to the challenges of scalability and privacy in blockchain networks.
By leveraging sharding techniques, CoinsDo divides the computational workload into smaller, manageable pieces called key shards. These shards are then processed in parallel, resulting in increased efficiency and scalability of blockchain networks. Since CoinsDo also employs advanced cryptographic protocols to ensure the confidentiality and integrity of sensitive data, security is not compromised for speed.
CoinsDo Aces the Pitch Event
During the pitch event, CoinsDo's representative captivated the audience with a compelling presentation on MPC that covered the potential impact of this new feature on various sectors, such as finance, healthcare, supply chain management, and more.
The presentation emphasized how MPC could streamline and secure operations in these industries by dividing the private key into multiple key shards and storing them on different devices. This ensures the security of the private key, as attackers cannot obtain complete private key information even if one device is compromised.
The participation of CoinsDo in the TEAMZ Web3 Summit and their introduction of Trusted Shards Computation garnered widespread praise from industry experts and investors alike. Many recognized the significance of this technology in overcoming the existing limitations of blockchain networks, paving the way for a new era of decentralized applications and services.
CoinsDo's successful exhibition and pitch event at the summit have further solidified their position as an industry leader in blockchain technology. With their commitment to innovation and the development of practical solutions, CoinsDo is poised to make a lasting impact on the Web3 ecosystem.
As Tokyo Web3 Week continues until May 21, the excitement surrounding the Web3 market in Tokyo remains palpable. The event serves as a catalyst for collaboration, networking, and business expansion, providing a valuable platform for companies to showcase their groundbreaking ideas and technologies.