On April 9, 2024, Cregis and HashKey Exchange held the BLOCKCHAIN INNOVATIVE LANDSCAPE IN 2024 event during the Hong Kong Web3 Carnival. At the event, Cregis Product Manager Daniel introduced the companys upcoming asset co-management solution, Edging Bridge. The event was attended by well-known project teams and investment institutions in the industry, including Klaytn from South Korea, Taiwan Web3 Venture Capital Fund IVC, Malaysian national public chain Masverse, and chain game investment research institution W Labs, etc.
Cregis is a digital asset operation platform in the Web3 era. Since 2017, it has focused on providing enterprises with crypto asset management tools and solutions, including MPC wallet services, transaction interface APIs, etc., and has developed a set of underlying technical capabilities that can be open source and verified . Cregis, as an enterprise that has been deeply involved in the Web3 field for many years, firmly believes that Web3 will be widely used in various fields of society. At the same time, the social popularization of Web3 will greatly promote the progress of social governance. However, the Web3 industry will encounter difficulties in the process of social popularization. Three core issues: how algorithmic consensus can be extended into various levels of social consensus, how centralized governance can be linked to the broadest social organizational structure, and how the value of tokens can be anchored in real-world value; Cregis believes that existing connection solutions, regardless of Whether it is self-managed, semi-managed or fully managed, they cannot perfectly solve the above three core problems. What is more serious is that the lack of these widely used connection methods will lead to peripheral risks penetrating into the decentralized consensus domain Within, thus weakening the reliability and availability of the consensus. Daniel said.
Daniel also shared with us the co-management concept that Cregis first proposed in the industry, which can reduce marginal risks, solidify the foundation of consensus, and increase consensus availability. The so-called concept of co-management is a multi-party edge access governance method completely based on division of labor, cooperation and checks and balances. It not only conforms to the core of the decentralized spirit, but is also compatible with significant social rules and organizational differences. In order to demonstrate this concept, Cregis drafted a relevant protocol based on this - the WCCIP protocol, and released the Edging Bridge product that implements this concept - a new way to access the Web3 world.
At present, Cregis has served more than 3,200 exchanges, project parties, Crypto Funds, cross-border e-commerce and other Web3 companies and teams, and the average daily turnover on the chain exceeds 30 million US dollars. Cregis firmly believes that only by accepting a large number of Web2 users can Web3 be considered final success! As a key link between the physical world and the decentralized world, Edging Bridge conforms to this original intention and helps us greatly expand the application scope and user groups of Web3.
