[NEWS] The Mammoth Foundation successfully completed the Web 3.0 Symposium.
Web 3.0 Symposium launched On March, 15, Coex in Seoul
Many opinion leaders attended the event, including Rep. Jang Je-won, Heo Seong-wook, Director of Information and Communication Industry Promotion Agency, Lee Won-tae, Director of Information and Communication Planning and Evaluation, Hwang Jong-sung, Korea Intelligence and Information Society Agency, Ban Ki-sik, BNK Financial Group Chairman Moon Joo-hyun, Chairman of MDM Group, Kim Sang-soo, and Cho Joon-hee.
In the afternoon session, Tilon CEO Choi Baek-joon (metaverse), Mentisco CEO Yoon Jung-hyun (global ecosystem), Clayton Foundation Chairman Seo Sang-min (blockchain), Mammoth Foundation Chairman Baek Jong-yoon (decentralization), Busan Bank Managing Director Kim Sang-hwan (digital asset platform strategy), and Coinplug Director Heo Won-ho (new business and strategy) will share examples and strategies.
“A prerequisite for Web 3.0 popularization is blockchain scalability.”
Baek Jong-yun, chairman of the Mammoth Foundation, emphasized the need to improve blockchain scalability.
Chairman Baek said, “The increase in the value of virtual asset networks has been accompanied by the spread of new use cases,” and added, “The lack of network scalability acts as a major obstacle to the expansion of use and popularization of blockchain.”
People with experience using Web 3.0 services have different needs for improvements, such as transmission speed, fees, and inconvenience in asset transmission and exchange with other chains.
Chairman Baek said, “The problem of transmission speed and cost is deeply related to the scalability of the blockchain network,” adding, “Expandability means the ability of the network to handle transaction growth, and the lack of scalability is one of the bottlenecks of public acceptance.”
He said, “The Internet has also developed into its current form, promoting scalability and introducing new applications,” adding, “Just as the Internet has created new uses with increased scalability, improved blockchain scalability enables more user-friendly services in each field.”
Mammoth is a platform developed to build a global financial business ecosystem.
Baek stressed that the purpose of the Mammoth Foundation is not for broadcasters to monopolize profits. He introduced the Mammoth Foundation as a global mainnet that encompasses the world that distributes as much as it has contributed to all △ participants and builds ecosystems for the public interest of △.
While Web 2.0 was an era of data use and profit monopolization led by platform giants, Web 3.0 is a decentralized technology and trend that focuses on individual rights, ownership, and profit, and is based on information or data reliability.
We hope that you will pay a lot of attention and participate in the future social change and business innovation that the Web 3.0 transition will bring.
