On April 6, OKX President Hong was invited to attend the main forum of the "2024 Hong Kong Web3 Carnival" and delivered a keynote speech on "Responsible Innovation".
Hong said in his speech that in the past two years of development, in addition to the best applications brought by innovators, entrepreneurs and builders, we are also learning from regulated industries and enhancing transparency, responsibility and rights by adopting the best practices of these industries. We first increase transparency and responsibility through technology.
Since November 2022, we have led the industry's widely adopted Proof of Reserves (POR) program and built it into an automated technical solution that runs on a monthly basis. We believe this is an important step in industry self-regulation, using technology to bring more transparency and meet users' expectations that centralized platforms can meet traditional financial audit standards.