Alibaba Cloud, the tech arm of Alibaba Group, has teamed up with HashKey Group, a digital asset financial services company based in Hong Kong, to speed up Web3 innovation and boost business growth.
According to a statement from Alibaba Cloud on Tuesday, HashKey Group has cut its data operation costs by more than 50% using its strong, secure, and scalable infrastructure.
Alibaba Cloud’s advanced data services have helped HashKey Group understand the market better, improve its operations and offer a better user experience. This has strengthened its position as a leader in the market and supported long-term innovation.
“The partnership with Alibaba Cloud has opened up new ways for HashKey Group to be more efficient and innovative,”
“Its robust cloud infrastructure and advanced big data solutions have strengthened our infrastructure, fortified security and optimized performance, allowing us to scale efficiently while maintaining cost-effectiveness,” said Mizha Guo, Chief Technology Officer, HashKey Group.
He added that this partnership helps the company provide secure, reliable, and innovative digital asset services to its users around the world with confidence.
Annie Wang, General Manager of Alibaba Cloud Intelligence in Hong Kong, said that the Web3 sector needs a lot of computing power, storage, and network resources.
“We are pleased to assist HashKey Group in delivering high-quality, compliant, and secure Web3 products and services,
“Hong Kong has strengthened its position as a global Web3 innovation hub in recent years, and we look forward to continuing to support this trend with our expertise,” she added.
Using Alibaba Cloud’s AI platform, HashKey Group set up its AI development system in just three months, which helped improve the stability and efficiency of its systems.
The company created a real-time innovative risk control system by studying transaction data, significantly improving funds’ security.
The improved platform can now better predict market trends and spot potential risks, helping HashKey Group stay ahead of the competition.
The platform also works well with third-party products, ensuring the stability of HashKey Group’s global Web3 ecosystem.
HashKey also launched an AI-powered chatbot using PAI. Connected to the company’s internal knowledge base, the chatbot helps employees work better together and improves productivity.
In the future, HashKey Group plans to create Web3 solutions for specific industries by using Alibaba Cloud’s technology and expertise in real-world applications.
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