TechFlow news, on April 6, OKX President Hong was invited to attend the main forum of "2024 Hong Kong Web3 Festival" and delivered a keynote speech on "Responsible Innovation." During his speech, Hong stated that over the past two-plus years, beyond bringing forward the best applications as innovators, entrepreneurs, and builders, we have also been learning from regulated industries, adopting their best practices to enhance transparency, accountability, and rights. We are first leveraging technology to increase transparency and accountability. Since November 2022, we have pioneered the industry's widely adopted Proof of Reserves (POR) program, developing it into an automated, monthly technical solution. We believe this marks a significant step toward industry self-regulation—using technology to bring greater transparency and meet users' expectations for centralized platforms to meet traditional financial audit standards.
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