CESS is a storage network that prioritizes decentralized cloud storage technology in the industry. It offers a full-stack solution for large-scale commercial storage and contributes to the industry with its advanced Web3 storage technology. CESS actively collaborates with institutions, internet enterprises, and academia both inside and outside the industry to meet the decentralized storage needs of all industries.
Recently, CESS co-hosted the HackDW3C hackathon with Duke University, a renowned academic institution in the U.S.. At the Duke Web3 Conference (DW3C) held from the 21st to the 23rd of April, CESS exhibited its expertise and joined forces with students and other industry leaders to explore the establishment of the Web3 era.
Duke University co-hosted the HackDW3C hackathon with CESS. This event was created for tech enthusiasts, startup founders, and investment experts. The hackathon provided internship and full-time job opportunities for participants, and the enterprise challenge awards allowed technology innovation-oriented companies like CESS to invest in winning projects.
Duke University, located in Durham, North Carolina, is one of the top academic institutions in the United States, often referred to as the “Harvard of the South.” Among its alumni, professors, and researchers are 15 Nobel Prize winners and 3 Turing Award winners.
In organizing the HackDW3C hackathon, Duke University upholds its academic research spirit and places greater emphasis on supporting innovative projects and Web3 talents.
Nicholas Zaldastani, Chairman and Co-founder of CESS, Co-founder and COO Jessie Dai, and CTO Ted serve as judges for the HackDW3C hackathon. As a sponsor of the event, CESS jointly sponsored a prize pool of up to $22,500! CESS will also provide technical guidance and support for participating teams during the competition.
Duke Web3 Conference (DW3C)
Duke Web3 Conference (DW3C), hosted by Duke University, not only invited participants from the HackDW3C hackathon to network, but also invited well-known Web3 enterprises in the industry to speak, and attendees included students, industry leaders, and professionals. The event took place at Duke University, where the CESS team showcased their projects and also participated in the conference’s roundtable events.
The establishment of trust in the Web3 world
As a Web3 conference hosted by Duke University, DW3C has attracted many college students and invited numerous industry experts to participate. One of the roundtable discussions, titled “Establishing Trust in Web3,” was moderated by Nicholas Zaldastani, Chairman of CESS. Guest speakers included Frank Badalamenti from PwC, Mark Young from ConsenSys, and Joel Edgerton from Ledger, who had a fascinating discussion on how to establish trust in the Web3 world.
Nicholas began with a practical example from his own experience, pointing out that large Web2 internet companies currently control user data and use personal data without permission. This is precisely the problem that Web3 aims to solve, with decentralized applications running on the blockchain making user data more secure, transparent, and public.
When it comes to how Web3 can establish a secure environment for storing massive data, Nicholas introduced CESS to the audience. Web3 massive data storage is also the direction that CESS is exploring and contributing to:
“CESS is the first blockchain network that supports large-scale commercial storage and provides the best solution for storing and retrieving high-frequency dynamic data in Web3. CESS’s decentralized object storage service (DeOSS) is the S3 of the decentralized storage field. CESS brings tremendous value to people who are looking for decentralized storage.”
Speaker Joel Edgerton from Ledger suggested that traditional trust mechanisms are failing, and centralized control is exacerbating the distrust. Speaker Mark Young from ConsenSys also highlighted the need to increase trust and establish trust in Web3. As a blockchain-based technology, Web3 has an innovative technological foundation and a decentralized technical premise, and establishing user trust in data is essential in establishing trust in the Web3 world.
So how does CESS help users establish trust in Web3 data storage? The answer lies in solving the problems of data ownership and privacy, by returning data ownership to their rightful users and allowing them to manage their own data privacy. CESS pioneers Multi-format Data Confirmation Mechanism (MDRC), enabling users to truly own their data through data traceability, data blood relationship map, and data similarity algorithms.
Nicholas introduced the decentralized object storage service (DeOSS) to the audience as a solution for data privacy protection and management. DeOSS provides data access through key authentication, with features such as permission hierarchy, privacy management, and massive enterprise-level storage. Additionally, CESS’s proxy re-encryption technology (PReT) allows users to change data ownership without revealing private keys and data contents.
Achieving Compliance in Web3
Jesse Weiner, CESS’s legal adviser, was invited to participate in a roundtable discussion on the theme of “Regulatory/DeFi” at DW3C. With his extensive experience in the legal industry, Jesse has a unique perspective on how the Web3 industry can build compliance and balance between regulation and decentralization.
When discussing how CESS can assist the Web3 industry, he pointed out that CESS can solve not only the compliance issues faced by the Web3 industry but also some of the current compliance problems faced by Web2.
The first point is privacy protection. Personal privacy is essential for any industry any time, and protecting personal privacy is one of the basic regulations in all laws and regulations. CESS protects users’ data privacy through the DeOSS technology mentioned earlier, which allows users to manage their own data privacy permissions. At the same time, CESS introduces a decentralized proxy re-encryption mechanism, allowing data owners to change data ownership among users without revealing the data content, maximizing the value of data use while ensuring privacy.
CESS is a secure, efficient, open-source, and scalable decentralized storage network. Under the operation of the Multi-format Data Confirmation Mechanism(MDRC), when users upload data, the CESS storage miner preprocesses the data, including processes such as extracting digital fingerprints, uploading fingerprints to the blockchain, and fingerprint comparison. The uploaded digital fingerprint serves as the unique proof of data ownership, ensuring the data ownership of the CESS network and returning data ownership to the data owners. This effectively solves the rampant copyright infringement, plagiarism, and unauthorized “reposting” of content on the internet.
Check out the video of the roundtable discussion using Videown
Videown, a native dApp developed on CESS network, is a decentralized video platform. It currently allows users to upload videos to the blockchain, as well as buy, sell, and download videos. The exciting roundtable discussion was recorded by CESS at DW3C and has been uploaded to Videown. Click the Videown link to watch and experience the high-performance online video on Videown built on CESS!