HSC Conference Panel ‘Infrastructure: Building Web3’s Rails’ Examines Interoperability, User Ownership And The Future Of Web3 Infrastructure
On October 1, 2026, the HSC Conference will return to Seoul, gathering senior voices from monetary establishments, crypto funding funds, and know-how firms to debate the way forward for digital finance. Hosted by Mpost Media Group in partnership with Z Venture, the occasion will happen at Novotel Ambassador Seoul Gangnam.
Among the occasion’s most anticipated discussions is “Infrastructure: Building Web3’s Rails,” that includes the builders behind Web3’s core infrastructure in a dialog on scalability, interoperability, and what it takes to assist the following wave of adoption. Moderator: Alice Liu, Head of Research at CoinMarketCap. Panelists: Marco Cora, Director, Foundation at ZKsync; Eunice Giarta, Co-Founder of Monad Foundation; Nick See Tong, APAC Lead at Base; Matt Visser, CEO of Sonic Labs; Dasha Chernozub, Senior BD and Community Builder at QR Wallet and Global Adoption Lead at Dash.
Beyond Speed: The New Definition of Performance
The panel opened with a query about limits. If quick execution, low-cost charges and settlement beneath one second have develop into the ground, what’s the ceiling? Matt Visser argued that uncooked pace is not the differentiator, pointing to financial alignment through which most transaction price flows again to builders, and to the distinction between probabilistic finality and true finality, noting that regulators want belongings which might be truly settled relatively than in all probability settled. Eunice Giarta agreed that pace is now desk stakes, saying that “pace will not be fungible” as a result of chains can attain related throughput whereas sacrificing very completely different properties. For her, the upper goal of public networks comes all the way down to honest entry and composability. Dasha Chernozub added a neighborhood dimension, stressing that know-how might be copied whereas rules can’t, and {that a} decentralized undertaking endures as a result of individuals consider in freedom, privateness and management over their very own cash. Marco Cora tied these factors collectively, arguing that worth accrues the place options are scarce, which is why privateness now issues: firms more and more want it, credible choices stay few, and privateness can develop into an actual moat. This seek for scarce, priceless properties led on to the following query, particularly why so many firms now want to construct chains of their very own.
Own Chains or General Purpose Networks
The dialog then turned to the wave of company chains, from Robinhood to Stripe and Circle. Cora framed the tradeoff as fragmentation versus differentiated block house: a specialised chain can supply a priceless property, however leaving a community with giant community results carries a price. Nick See Tong stated devoted chains make sense for extremely operate pushed merchandise akin to high efficiency buying and selling venues, but the deeper purpose of bringing the world on chain is about ecosystem. In his phrases, the query is much less about throughput and extra about “the ecosystem of apps which might be constructed round it,” whether or not an asset might be deposited as collateral, borrowed towards or used throughout structured merchandise. Giarta provided the intranet analogy to elucidate why normal goal networks nonetheless matter: establishments as soon as ran inside networks as a result of the open web felt unsafe, however separated programs made collaboration onerous, and the identical logic now applies to non-public and public blockchains. Cora and Visser each burdened that the reply in the end depends upon interoperability, with Cora citing Hyperledger as an early cautionary story and arguing that zero data proofs can protect privateness whereas holding verification easy. If the long run is many chains that should nonetheless join, nonetheless, the pure subsequent query is who captures the worth, and who owns the consumer.
Who Owns the User
On this level the panel prevented naming a single winner. Visser gave the sharpest abstract: “the pockets owns the session, the app owns the shopper and the blockchain owns the guarantee.” Dasha described what such sharing seems like in follow, explaining how Dash and QR Wallet trade customers throughout journey, funds and service provider reductions, and including that focus itself might be owned, as communities akin to Pudgy Penguins exhibit. Giarta reframed the controversy round expertise, telling a narrative of switching journey apps in Seoul just because the expertise was higher, and arguing that loyalty follows no matter serves the viewers finest. See Tong described the flywheel that outcomes, through which good apps appeal to customers, customers carry belongings and belongings fund builders. The panel agreed that customers are held at each layer without delay, which arrange the ultimate and most delicate theme: the one property that each customers and establishments more and more demand, privateness.
Privacy Moves to the Center
The panel agreed that privateness has matured from a fringe demand into an institutional requirement. Cora distinguished compliant privateness from what he known as scary privateness, utilizing Zcash for example of opacity so full {that a} historic bug couldn’t be totally audited, whereas praising approaches that stay clear internally and opaque externally. Giarta emphasised that privateness will not be anonymity and pointed to selective disclosure because the mannequin establishments truly need. Visser agreed that regulation is pulling the trade ahead, and Dasha closed the theme with pleasure: “privateness was the narrative for 12 years and we have been on their lonesome.”
The panel concluded that fashionable Web3 rails are judged not by pace alone however by a mixture of interoperability, consumer expertise, credible privateness and honest entry. What started as a query concerning the ceiling above pace ended as a broader image of maturity, through which infrastructure wins by serving builders, establishments and on a regular basis customers on the identical time.
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