The IXO Blockchain Conference Held in Seoul, South Korea, Focuses on Cutting-Edge Trends in Web3

Recently, a highly anticipated Blockchain event was held in Seoul, South Korea. As one of the most influential events in the country's Web3 space, this conference attracted numerous entrepreneurs, institutions, and investors to engage in in-depth discussions on popular topics such as DePIN, security tokens, stablecoins, custody, and DAOs.

During the main forum session, a partner from a security company delivered a keynote speech titled "Enhancing the Safety Journey of Emerging Tracks," focusing on the role of stablecoins and custody services in the financial ecosystem and risk prevention.

The expert pointed out: "Security is not only a means of defense, but also the core infrastructure connecting traditional finance and digital assets. In the face of emerging fields, it is necessary to lay out in advance and actively respond to potential risks."

In his speech, he defined stablecoins as "digital tokens designed to maintain a stable value," and stated: "Their structures are diverse, including fiat-pegged, cash-collateralized, physically-backed (such as gold, real estate, silver), and algorithm-driven types. Each type has its unique security challenges and risk management requirements."

Regarding the issuance and circulation mechanisms of stablecoins, he explained: "Reserve assets are typically held in trusted financial institutions, such as banks, and issued through smart contracts, circulating to the market via exchanges and financial institutions." He emphasized that in the current rapid expansion of the stablecoin market, accurately identifying and systematically addressing potential risks is crucial.

The expert categorizes the main risks of stablecoins into three types: reserve risk, operational risk, and on-chain risk. He suggests establishing a multi-dimensional security response system, including reserve proof, smart contract audits, governance mechanism audits, Blockchain reliability verification, and circulation monitoring.

The speech also shared significant events related to stablecoins over the past decade. According to the introduction, there have been a total of 24 publicly reported major incidents, including 7 attack events caused by contract or on-chain vulnerabilities, 3 de-pegging events due to design flaws or insufficient reserves, and 14 anchoring failure events caused by regulatory or liquidity issues.

In the face of frequent stablecoin risk events, global regulatory agencies are also accelerating the development of regulatory frameworks. Financial regulatory agencies in multiple countries and regions have successively issued compliance guidelines for stablecoins, focusing on core issues such as user protection, legal declarations, and financial risk prevention.

The company also introduced the case of its internal simulation research project "Chocolate Coin". This is a standard stablecoin designed based on the ERC-20 standard, encompassing complete components such as smart contracts, white papers, risk management policies, and redemption mechanisms, aimed at providing a practical model for global regulators and practitioners to verify risk factors and policy feasibility.

In the field of custodial security, the company shared case studies of its client projects. They provide comprehensive security assessments and consulting services that cover various threats that may arise at all stages of private key generation, storage, recovery, and usage, including penetration testing, source code review, and custodial solution architecture assessment, forming an integrated service solution.

According to reports, the theme of this Blockchain conference is investment practice, focusing on projects that truly possess feasibility, profitability, and a real user base, emphasizing the genuine value and market adaptability of the projects. The conference invites global blockchain experts, DAO organizers, practical investors, researchers, and traders to provide high-quality insights from an investor's perspective. The event also includes interactive sessions such as project showcase areas, custody security demonstrations, and offline networking, aiming to provide a trustworthy platform for community members and individual investors to understand and engage with quality Web3 projects.