TRON's Global Effort in Strengthening Trust and Security with the T3 FCU - TOKEN2049 Singapore 2024

my name is Dave yurak I am the community spokesperson at Tron da I've been contributing to the Tron ecosystem now for nearly three years and this actually this is the second consecutive year that I've spoken at this conference on this stage and it's really uh it's an honor and a privilege for me to be doing this again so I'm great to be here so it's great to be here with you today and today I'd like to talk to you about really a range of topics um but we're going to talk about one that I think is really uh it's important to us at Tron and I think it's going to be important to you and I think it's really actually very important overall for the entire industry um we'll also discuss really we'll take a look at the road map of Tron over the next couple of years uh and we'll also talk about our community because a Tron uh our community is everything to us right now we are now some six years since the main net went live and in just those six years uh tron's become one of the most active and most trusted blockchain networks uh in the world we have over 257 million accounts globally and the cumulative transfer volume on Tron exceeds $133 trillion right that is that's amazing right this it's really a clear indicator of the massive adoption that we've had uh largely due to the Practical use of the blockchain on a global scale and it shows our ability to handle enormous Financial activity securely and efficiently and for the frequent users of Tron you might notice that it never goes down we never have outages um and that's a big part of why people around the world use us this level of transaction volume also really highlights our role as a key player in the global blockchain ecosystem we support everything from everyday remittances to institutional transfers and each day more than two million addresses interact with the Tron blockchain that's uh I want to say that's the highest in the industry uh but if it's not the highest it's near the top definitely and while developed markets might not yet feel the need for crypto payments the situation is very different in Emerging Markets where we see uh really an entirely different dynamic in Emerging Markets stable coins are booming uh certainly in areas where traditional payment systems like visa and MasterCard they really have more of a limited reach right and consumers in the in many of these Emerging Markets they increasingly turn to stable coins um to help them get just manage their daily lives so now I want to talk to you about a recent event um that we at Tron are very proud of um so recently Tron tether and trm Labs have joined forces to establish the T3 Financial crime unit it's known as T3 FCU this is a firstof its kind initiative it's aimed at facilitating public and private collaboration to combat elicit activity associated with the use of usdt on the Tron blockchain right now this novel collaboration it brings together the anti-financial crime expert piece of trm labs is everyone familiar with trm labs they are a leading blockchain intelligence firm with a global reach it brings together the technical expertise of Tron which you know Tron we're a leading Global blockchain and DOW and it brings together the external investigations team from tether and tether everyone's familiar with that it's the largest company in the digital asset space right and we're all coming together to create a safer and more secure crypto Community for everyone so in the week since it's launched uh in collaboration with law enforcement the private part uh they' facilitated the freezing of over usdt 12 million in funds associated with a blackmail scam an investment fraud scam and others uh police are aware of at least 11 victims that have been impacted by the scams and they expect to identify more as uh the investigations unfold so stable coins like usdt they serve as the backbone of the digital asset industry they provide a store of a stable store of value and they enable the seamless movement of funds between platforms now with over 117 billion USD market cap of tether and more than 50% of its Supply uh runs on the Tron blockchain usdt really is integral to facilitating uh transactions and liquidity but here's the thing those same features that make usdt on Tron attractive to legitimate users so low fees low volatility easy to use they also draw the attention of scammers ter terrorist financiers and other threat actors right and so our pop as the Trum blockchain popularity grows and our user base grows the these Bad actors these threat actors they're drawn to it by this high throughput and low transaction costs and this Uninvited uh exposure to these criminal elements often occurs so the establishment of the T3 FCU represents a significant step towards impeding the ability of these malicious actors to launder and utilize the proceeds of crime safeguarding the Integrity of the Tron blockchain right now as part of the collaboration trm will provide ongoing support to Tron and tether in identifying transactions that have a connection to alleged illegal activities such as terrorism such as sanctions evasion theft in cyber crime and fraud the trm is going to leverage its proprietary technology as well as its Global Network of expert investigators to generate intelligence this work is going to support Tron and tether's efforts to disrupt criminal activity and Aid collaborations with law enforcements around the world so really by collaborating proactively to identify and disrupt this elicit activity the T3 FCU it aims to promote security and prosperity across the Tron Network and really Beyond now let's talk a bit about our community so as we all know in here web 3 is still in its very early stages and as Tron grows it's really important to us that we maintain uh an eye on the near term but then we also have to stay focused on what's happening on the horizon in a bit of a longer term right and by doing that we're able to have more of a longer term perspective of how we build and how we innovate so having that long-term view is really critical because the Technologies and the applications that we're folding into our ecosystem uh they have to be designed and really have to have a lasting impact and relevance so we as a as a group as an organization uh we need to ensure that as our ecosystem expands and it's really expanding quite rapidly uh it's it's still able to serve the community well into the future but equally important is fostering the growth of that Community uh you know we always have had a strong community-driven mindset and we have to be sure that we maintain that strong Community Driven mindset right so we are always actively engaging with our Community uh we're listening to a community and we create solutions that are not only sustainable but they're also accessible to everyone they're reliable they're low cost and they're easy to use and really when you look at it that's really been a huge huge driver of the growth of Tron uh those factors really over the past six years so building together with this community at the center uh that ensures that our ecosystem grows in ways that really will benefit everyone in the long term so now let's we'll touch on the ecosystem as a whole overall so there's a very there are really a variety of projects and developers uh that offer defi Solutions in the tron ecosystem uh now according to defi llama we're the second largest uh TBL among all blockchains with over 8 billion uh so for example just lend a dow protocol has a wide range of defi functionalities like yield farming lending energy rental which I think is pretty cool and token mining for the community and in February they've integrated several addition additional independent dii protocols so they'll provide more functionality uh and to really to improve user experience right and anyone's been around technology for a while knows that user experience usually is the winner now in addition to that uh mean coins on Tron have really seen an explosive growth over the past several weeks so as the mecoin market continues to expand institutional investors are likely to increase their involvement as they recognize the investment opportunities and the potential uh within the space and we're providing users everywhere the ability to unleash their creativity and connect with communities so right it's core the Tron ecosystem is designed to equip creators and developers with the tools and freedom that they need to turn their ideas into Innovative projects and of course we're the blockchain with the high supply of the usdt stable coin uh with the circulation circulating Supply at over 60.8 billion right and that makes us the First blockchain with a stable coin on it that's valued over 60 billion now there's various funnels that come into the Tron blockchain uh for example orbital is a regulated Global Financial man management company company um they recently integrated the strong blockchain and over 98% of their activity which is mostly stable coin transactions that occurs on the Tron blockchain and 99% of their activity is done in usdt there's also uquid which is a web3 platform in South America Argentina um and they purchase physical and digital products and services U quid also recently integrated the Tron blockchain uh and what they do they have these sub cards and that those are like preload cards for public transportation uh so it enables people in Argentina and primarily in the greater Buenos Aries area and surrounding areas to really load up those cards um and with usdt and then access a variety of uh public transportation means so in addition to those activities there's also a lot of activity that we're seeing in game fi and social fi in infrastructure and storage and many other areas of the Tron ecosystem now twice a year we bring together developers entrepreneurs designers and really anyone compassionate uh about decentralized Technologies for our hackaton and over the years the hackaton has grown and grown uh we have consistent prize pools and and really new Fresh Tracks every season to reflect current trends now now season 7 is currently underway and it features a prize pull of up to $650,000 so there's uh I'll I'll leave you you with this there's a lot of exciting projects happening in the tron ecosystem and uh one of them is a Bitcoin layer 2 and that's really going to bring more value to uh the Bitcoin Network as token of the Tron ecosystem uh including stable coins can transact on the Bitcoin Network and another key initiative on our road map is gasless transactions uh and users can make transfers without paying any gas fees and that should rule out uh near year end uh and then expand to ethereum and all really all evm compatible public chains so I'll I'll end it there I think my time is up but thank you for staying for the presentation and I hope you have a great conference