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Shanghai research house unveils latest 3rd-gen blockchain

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A visitor (right) tries metaverse games at the 2021 International Digital Technology Exhibition and Tianyi Intelligent Ecological Expo in Guangzhou, Guangdong province, on Nov 11. [Photo by Li Zhihao/For China Daily]

A Shanghai-based research house published an updated public blockchain service on Saturday, moving one step closer to the city’s goal to revolutionize industries and better embrace the “metaverse” era.

Shanghai Tree-Graph Blockchain Research Institute on Saturday released the 2.0 version of Conflux, which it claimed to be “among the top three third-generation public blockchains worldwide”.

Compared with its previous version, this iteration has enhanced compatibility and efficiency on different blockchains, thus better facilitating development in the so-called metaverse and Web 3.0 era. It is designed to empower industries such as virtual reality, augmented reality, online games and artificial intelligence, said Long Fan, founder of Tree-Graph Blockchain Research Institute.

According to Long, because the metaverse is…

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