Tag Archives: BLN

PR Newswire

VeChain Becomes The First 5-Star-Rated Blockchain Service Provider In The World, Certified By TÜV Saarland

Leave a comment

SHANGHAI, Dec. 23, 2020 — TÜV Saarland Certification (hereafter referred to as "TÜV Saarland") has issued VeChain with the world’s first 5-Star-Rated Blockchain Service Certificate. Their certification acknowledges the readiness and maturity of VeChain’s blockchain technology, raising the profile and prestige of the network and certifying it as one of the preeminent front runners in the enterprise-level blockchain space.

Youdi Chen, Deputy General Manager of TÜV Saarland Shanghai and Sunny Lu, Co-founder & CEO of VeChain
Youdi Chen, Deputy General Manager of TÜV Saarland Shanghai and Sunny Lu, Co-founder & CEO of VeChain

As a renowned European certification body, TÜV Saarland is accredited by DAkkS, the national accreditation body for the Federal Republic of Germany. TÜV Saarland’s blockchain service certification methodology is based on established blockchain service evaluation standards and industry-leading expertise and experience within TÜV Saarland. This evaluation model and system is held in such high regard that their blockchain certification model has been authorized for use by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) in China.

The methodology applied by TÜV Saarland Shanghai included conducting strict audits around the blockchain-based services provided by VeChain, assessing elements such as technical scalability, network reliability and practicality of application. In response to the strict requirements set forth by the body, VeChain had to demonstrate its regulatory abidance across jurisdictions and provide detailed reporting for TÜV Saarland, providing a detailed insight in to its blockchain services, including industrial blockchain applications, technical documents, business development plans, delivery of technological services, acceptance records and more.

With technical strength and market-proven blockchain use cases, VeChain has been certified as the first approved 5-Star Blockchain Service Provider under TÜV Saar’s notation.

This certification uniquely positions VeChain’s blockchain technology in the enterprise and business world. In an industry where enterprises are hesitant to adopt emerging technologies, this certification would leapfrog our competitive advantage compared to other blockchain platforms. Ultimately, as we gather more recognition and trust, the VeChain ecosystem will thrive and lead to more usage and partnerships, directly contributing to the value creation of our blockchain ecosystem.

Thorsten Greiner, Managing Director of TÜV Saarland, said: "TÜV Saarland has an extremely professional certification team, with not only a deep understanding of blockchain technology, but also rich field experience. TÜV Saarland’s certification standard aims to set an industry-level reference benchmark and help blockchain service providers improve their competitiveness in the international market. As the first company to receive the five-star service certification, VeChain has demonstrated its advantages and has the potential to bridge more large-scale enterprise digital systems or government projects."

Sunny Lu, co-founder and CEO of VeChain, said, "Our strategic partners, PwC and DNV GL, have been offering professional compliance guidance for us to iterate blockchain technology and develop industrial blockchain applications for enterprise users. We are honoured to be granted this certificate and will be looking for ways to further improve our services in the business world. Faced with the impact of COVID-19, many decision makers are seeking new business recovery capabilities and growth points, which can be effectively assisted by VeChain’s blockchain services."

About TÜV Saarland Certification

TÜV Saarland is an internationally renowned organization, founded in 1871 in Germany. It´s Certification Body is accredited by DAkkS, the national accreditation body for the Federal Republic of Germany, according to ISO 17021 and ISO 17065. Additionally, it is one of only about 40 bodies worldwide that is allowed to certify the IATF 16949 automotive standard. The IATF certification is monitored by the Quality Management Centre of the German Automotive Industry Association (VDA-QMC).

Website: https://cert.tuev-saar.de/en/

About VeChain

Launched in 2015, VeChain Technology is a global leading enterprise-friendly blockchain company which aims to connect blockchain technology to the real world by providing enterprises with blockchain-enabled solutions suited to their business needs.

It offers VeChain ToolChain™, a low-code blockchain-based SaaS platform that allows enterprise clients to rapidly build and drive digital transformation on a global scale, enabling the evolution of a trust-free and a distributed ecosystem.

VeChain Technology is a pioneer of real-world blockchain applications, with international offices in China, Singapore, Luxembourg, Japan, France, Italy and the United States. With strong independent development capabilities, combined with the professional compliance guidance of our strategic partners, PwC and DNV GL, VeChain has established partnerships with many leading enterprises in various industries, including Walmart China, Bayer China, BMW Group, BYD Auto, PICC, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group etc.

Website: www.vechain.com

Photo – https://techent.tv/wp-content/uploads/2020/12/vechain-becomes-the-first-5-star-rated-blockchain-service-provider-in-the-world-certified-by-tuv-saarland.jpg
Logo – https://techent.tv/wp-content/uploads/2020/12/vechain-becomes-the-first-5-star-rated-blockchain-service-provider-in-the-world-certified-by-tuv-saarland-2.jpg

Related Links :

https://www.vechain.com

PR Newswire

GHB was awarded new technology at the 2020 Blockchain Awards Ceremony

Leave a comment

– GHB won the prize of new technology in recognition of prevention of illegal filming and illegal recording prevention technology

SEOUL, South Korea, Dec. 22, 2020 — GHB, a company to provide platform business model and solution, won the prize of new technology in recognition of prevention of illegal filming and illegal recording prevention technology at the 2020 Blockchain Awards Ceremony hosted by Korea Blockchain Enterprise Promotion Association.

GHB was awarded new technology at the 2020 Blockchain Awards Ceremony
GHB was awarded new technology at the 2020 Blockchain Awards Ceremony

The prevention of illegal filming technology is a technology that detects a frequency of the hidden camera’s frequency band (50Mhz-6Ghz) by the device to resonate and finds the hidden camera under filming.

GHB was awarded new technology at the 2020 Blockchain Awards Ceremony

The illegal recording prevention technology detects near-field recording frequencies that are active through secret recording detection devices (phones, devices), and long-distance call recording via smartphone is a recording detection application that disables recording by activating an illegal recording function using white noise.

GHB will apply the patent for illegal filming prevention technology and illegal recording prevention technology and defined the position "we will try to commercialize it as soon as possible".

GHB (CEO Ko Ho-bum) actively responds to overseas marketing and advertisements, and tries to complete a new advertisement system that maximizes the effectiveness of advertisements by applying an open advertisement platform system that allows advertisement consumers to directly discover advertisement sponsors and conduct platform business.

Kim Hyung Jung, a head of judging panel (special professor at Korea University), evaluated "Through this screening of the winners, it was an opportunity to confirm that the scope of application of blockchain technology is expanding not only in public institutions, but also in overall society and economy such as music, second-hand transactions, e-sports, fashion, product exports, and M&A between companies".

Through joint awards with prominent lawmakers such as Lee Won-wook, chairman of the National Assembly’s Science, Technology, Information, Broadcasting and Communication Committee, and Kim Byung-wook, secretary of the National Policy Committee(Democratic Party of Korea), Lee Jung-moon (State Affairs Commission), Jeon Jae-soo (State Affairs Commission), Yang Ki-dae (Public Administration and Security Committee), and Lee Yong-sun(Foreign Affairs and Unification Committee), it is expected to contribute to political and corporate issues by discussing and delivering the issues of block chain industry to political circles.

 

PR Newswire

Coinstreet Partners and ECXX announce strategic partnership in asset tokenization, digitized securities and STO areas

Leave a comment

SINGAPORE, Dec. 17, 2020 — Coinstreet Partners (“Coinstreet”), an award-winning AI-powered global decentralized investment banking group, and ECXX, a regulated blockchain-based digital securities exchange in Singapore, have entered into a strategic partnership to bring in end-to-end services to security token offering (“STO”) and secondary trading of digitized securities to institutional and accredited non-individual investors in the Singapore market.

The Coinstreet investment banking group has strategic investments and deep collaborations with licensed broker dealers in international financial centers including USA, United Kingdom, Germany, UAE, Hong Kong, Japan, Korea, Malaysia. They recently launched TADS Awards, the world’s first international award for Tokenized Assets and Digitized Securities sectors (www.TADSawards.org).

ECXX operates a STO exchange (ecxx.co), that is integrated with MyInfo, the one-stop Singapore government identity platform. In addition being admitted as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS) to the Fintech Sandbox under the Recognised Market Operator (RMO) regime, ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.

Samson Lee, CEO and Founder of Coinstreet Partners said:

“Coinstreet has been focusing on structuring and primary market of digital assets in the international market. ECXX’s vision is to be the world’s leading digital asset exchange delivering trustable and secured digital asset trading services. We are very pleased to establish a strategic partnership with ECXX. It can allow us to vertically integrated our primary market services with regulated secondary trading venue in Singapore, which is a very important market for us.”

Branson Lee, CEO of ECXX said :

“We see the digital assets space gaining massive traction and importance over the next few years. Our partnership with Coinstreet will be an important one as this space takes on a more globalised nature.”

Terry Tan, Listing Director of ECXX said :

“Working together with Coinstreet Partners allows ECXX to reach out to more global companies who are keen to tokenize their assets and list their tokens on a regulated digital exchange in Singapore. The strategic collaboration will be a win-win situation for both Coinstreet Partners and ECXX.”

According to a survey from the World Economic Forum, around 10% of global GDP will be tokenized and stored on Blockchain by 2027. Coinstreet serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Significant growth in the number of high-quality STO projects and global expansion of investor communities is expected, as the adaptation of this new corporate finance model gains popularity globally.

About Coinstreet Partners (“Coinstreet”)

Founded in 2017, Coinstreet is an award-winning*, AI-powered, global decentralized investment banking group and consultancy firm in the Digital Asset and FinTech sectors, providing a business eco-system for the new era of digital economy. Coinstreet focuses on five key business segments: (1) Digital Asset Investment Banking, (2) Digital Asset Management & Private Banking, (3) Digital Asset Private Equity, (4) Asset Tokenization & Security Digitization Management Solution, and (5) Decentralized Finance & DLT Solution.

Coinstreet is a co-organizer of Global Online Investor Roadshow (www.GOIR.info) – the next generation, institutional scale, online private placement platform for private equity, alternative investments, and digital asset opportunities; and a co-organizer of TADS Awards (www.TADSawards.org) – the world’s first international award for Tokenized Assets and Digitized Securities sector.

For more information, please visit www.coinstreet.partners 
LinkedIn: https://www.linkedin.com/company/coinstreetpartners

About ECXX

ECXX is a premier Digital Securities Exchange made in Singapore with a global reach, allowing users to buy, sell, and store digital assets. Its platform is dedicated to offer unique experiences regardless whether you are a professional or institutional trader.

It is a Recognised Market Operator (RMO) offering Digital Securities In MAS Fintech Sandbox Express. ECXX is the 1st Exchange to be approved and the only private company to be onboarded for MyInfo Business.

For more information, please visit https://www.ecxx.com/
LinkedIn: ecxx.com | LinkedIn

PR Newswire

Global utility token OKB teams up with crypto payments service NOWPayments

Leave a comment

VICTORIA, Seychelles, Dec. 10,  2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has joined forces with noncustodial crypto payment services provider NOWPayments.The partnership allows holders of OKB — the global utility token issued by the OK Blockchain Foundation — to make fast and easy payments online using their OKB. 

Starting on Dec. 15, 2020, users will be able to exchange their OKB for goods and services from any of the online merchants partnered with NOWPayments.

NOWPayments is a noncustodial crypto payments service that enables businesses to accept instant online payments in 50+ cryptocurrencies, now including OKB. The platform also supports automatic coin conversion, enabling merchants to accept any cryptocurrency of their choice and receive instant payment notifications when they do. By joining forces with OKB, NOWPayments will leverage the OKEx exchange as its main venue to obtain liquidity.

NOWPayments provides merchants with a variety of tools that are designed to make cryptocurrency payment processing easier and faster. Featured among these are its easy-to-use API, invoices, widget, buttons and plugins for WooCommerce, Opencart, WHMCS, Magento 2 and more.

OKEx CEO Jay Hao said in a statement regarding the partnership:

"We are thrilled to continue to provide value to OKB holders and give them more opportunities to spend their OKB in real-world scenarios. NOWPayments is beginning to establish itself as one of the easiest crypto payment platforms for merchants to integrate and it allows its growing partner network to easily accept payments in more than 50 cryptocurrencies." 

He added: "Using OKEx as its main source of liquidity is a great step forward for increasing growth and adoption of NOWPayments, and the value and utility of OKB as well."

This latest partnership creates further opportunities for holders to spend their OKB easily online at a variety of merchants. It also builds on the extensive network of application scenarios that are available to OKB holders, covering a wide range of services from loans and mortgages to tourism and entertainment, trading services to social networking — all available using OKB as payment.

In addition to OKB’s increasing utility outside of the OKEx exchange, OKB holders can also enjoy expanded privileges on the OKEx platform. These include discounted trading fees, exclusive early access to OKEx Jumpstart Mining initiatives, P2P lending, OKB margin trading, OKB Saving and many more.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

PR Newswire

SpaceChain Receives Grant from EUREKA GlobalStars-Singapore Call to Jointly Develop Decentralised Satellite Infrastructure with Consortium Partners

Leave a comment

Milestone brings together SpaceChain, Addvalue Innovation and Alba Orbital on a mission to democratise access to space innovations

HARWELL, England, Dec. 10, 2020 — EUREKA, in partnership with Enterprise Singapore and Innovate UK, has awarded GBP440,000 in funding together with access to research and development facilities and resources to SpaceChain UK Limited (SpaceChain) and consortium partners Addvalue Innovation Pte Ltd ("Addvalue ") and Alba Orbital. Awarded under the EUREKA Globalstars-Singapore Call, the companies will jointly develop a decentralised satellite infrastructure (DSI) that powers a blockchain payload at its core to enable direct tasking of a satellite in real-time.

The DSI innovation will be formed by a mesh-network of heterogeneous spacecrafts that is owned by multiple parties across jurisdictions operated in Low Earth Orbit (LEO). The DSI is set to democratise access to the nascent space sector with lower barriers to entry by individual companies. The innovation also bridges the communication gap between technology and data.

Once the DSI architecture and the blockchain payload is developed, stringent testing will be carried out on the blockchain-based satellite tasking to ensure secure, reliable connectivity and performance between the DSI infrastructure and ground-based users in real-time. The DSI infrastructure will advance the development of commercial use cases linking space resource providers, satellite application and fintech companies with an ultra-secure and low-latency network.

"We are honoured to receive support from EUREKA, Enterprise Singapore and Innovate UK as we forge ahead on our mission to develop a New Space Economy and minimise the entry barriers to space with the DSI," said Nick Trudgen, chief commercial officer and UK director at SpaceChain. "Space exploration projects are tremendous in scale and require close collaboration and partnership, and this milestone unlocks new opportunities for building commercial solutions that leverage space and blockchain applications."

The innovation will be made possible collectively with the blockchain payload and software package developed by SpaceChain, the Unicorn-2 PocketQube platform built by Alba Orbital, and on-demand real-time communication provided by Addvalue through their Inter-Satellite Data Relay System (IDRS) that leverages LEO-Geosynchronous Earth Orbit (GEO) links.

"With the global blockchain market size projected to grow at a CAGR of 67.3% per annum from USD3.0 billion in 2020 to USD39.7 billion by 2025*, it is undeniable that blockchain technologies will play a very significant role in space applications, especially in the name of cyber-security in protecting the different assets in the space information network. The Addvalue IDRS solution is a key enabler in ensuring the availability of low latency and reliable connectivity for the effective blockchain applications in a decentralized and distributed satellite infrastructure. The funding from EUREKA epitomizes our collective innovation in redefining the future of space applications. Addvalue, through the offering of its proven inter-satellite communication expertise and developmental capabilities for such embedded systems, is excited to be part of the consortium which put us in a pole position to target the fast growing blockchain market in a satellite environment," said Francis Low, Head of Advanced Development at Addvalue Innovation.

"We are very excited to collaborate with SpaceChain and Addvalue as we integrate our expertise for ground-to-satellite communications to create this pioneering DSI Innovation," said Tom Walkinshaw, founder and CEO of Alba Orbital. "Built upon our shared vision in advancing the frontiers of space technologies for businesses, the partnership will catalyse the use of space systems and services in the commercial market with unparalleled performance and security."

The EUREKA project is expected to commence in early 2021.

*source from MarketsandMarket

About SpaceChain

SpaceChain fosters decentralized infrastructure for the New Space Economy. By combining space and blockchain technologies, SpaceChain is making the development of space applications easier and making space more accessible. SpaceChain UK Limited is a subsidiary of SpaceChain Limited. For more information, visit spacechain.com

About Addvalue Innovation

Addvalue Innovation Pte Ltd, a wholly-owned subsidiary of SGX Mainboard-listed Addvalue Technologies Ltd (A31), is a leading satellite-based communication solutions company. Addvalue provides state-of-the-art communication terminals for use in space, in the air, at sea and on the ground. The company also offers extensive engineering and integration services to its customers, including the design and development of reconfigurable embedded system suitable for software defined radio and edge computing applications. Whatever the market or application, the company’s wide range of satellite-based products and services is sure to offer the right technology to drive enhanced connectivity. Learn more at www.addvaluetech.com

About Alba Orbital

Alba Orbital is the world’s leading PocketQube satellite manufacturer and launch broker. The company was founded in 2012 in Glasgow, Scotland and recently opened its second office in Berlin, Germany. To date, Alba launch has successfully deployed 6 PocketQube satellites into orbit including the Unicorn-2 platform. Unicorn-2 is the world’s most capable Picosat by specification. Albaconnect, a ground station service developed by Alba, completes the full end-to-end service to newspace users and operators. Alba has 20+ customers on 3 continents. For more information visit albaorbital.com

Related Links :

Home
PR Newswire

Maxonrow partners with National Chiao Tung University

Leave a comment

Collaboratively establishes research center for technological breakthrough discovery works

HSINCHU, Dec. 4, 2020 — Blockchain tech startup company Maxonrow and Taiwan’s leading university National Chiao Tung University jointly established the "Technology Management and Blockchain Research Center" which is dedicated towards the development of blockchain technology applications, promote cross-domain integrated application systems, and contribute to the development of blockchain-industry ecosystem alliance. The inauguration ceremony of research center was held recently on 24th November, 2020.

The "Technology Management and Blockchain Research Center" which was founded by National Chiao Tung University‘s Institute of Technology Management Professor Grace Lin and Maxonrow Taiwan Chief Technology Officer (CTO) Don Hsieh. The former is positioned as director of the research center, whereas the latter is taking on technical director role.

In addition, the research center successfully collaborated with many public sector organizations, academic units and well-known corporations, including Chunghwa Telecom, General Chamber of Commerce of the Republic of China, Taiwan Blockchain Alliance, Hsinchu City Government, and Industrial Technology Research Institute — the very initial collaboration that has received firm support from political, business and academic circle.

At present, Taiwan is at a crucial moment for the approval of STO virtual securities financial regulations. Also, the domestic demand for blockchain technology on commercial applications is gradually sprouting and expanding. National Chiao Tung University is well-known for its science and engineering, which comprises of leading academicians and conducive research atmosphere, has occupied the global leading position in electronics, information communications, optoelectronics and many other relevant fields.

By collaborating with blockchain tech startup company Maxonrow, which has leading advantages of being highly familiar with blockchain and matured True Asset Issuing (TAI) technology, the research center aims to focus on:

  • Medical biotechnology industry
  • Agricultural and fishery production along with its sales record management
  • FinTech applications
  • Smart logistics and cold chain
  • Smart Factory Industry 4.0
  • Renewable energy management
  • Enterprise information security certificate software

With the evolution of blockchain technology, rapid adaptation and successful transformation has became a key factor in today’s organizations. The research center aims to assist organizations in seeking a compatible future development, and building a highly interactive ecosystem alliance between industry experts and academic achievers. The "Technology Management and Blockchain Research Centre" is looking forward to realizing the true potential of blockchain applications by introducing cutting-edge technology in near future.

For more information on Maxonrow, visit www.maxonrow.com.

About Maxonrow Ltd ("Maxonrow")

Maxonrow is a leading technology company committed to building a safe and efficient digital world. The company develops an array of products and services powered by blockchain technology, focusing on increasing security and efficiency in digital processes, including DMS (document management system), tokenization services (FT & NFT) and digital identity wallet solutions. Maxonrow works proactively with global regulators and governments to build a healthy ecosystem for new technologies to flourish. With Maxonrow, companies can enjoy all the benefits blockchain offers without sacrificing regulatory oversight.

PR Newswire

Climatetrade announces a partnership with Algorand and Investment from Borderless Capital

Leave a comment

VALENCIA, Spain, Dec. 2, 2020  — Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced today it will leverage the Algorand, a scalable, secure and decentralized digital blockchain technology network. to bring its technology to the next level. In addition, Borderless Capital has participated in the € 1 Million seed round of Climatetrade to support the company’s strategic plan and expansion goals.

Climatetrade is leading the market in terms of bringing transparency and traceability into carbon markets with blockchain solutions, offering its services to large corporations such as Iberia, Melià Hotels, Cabify, Telefónica, and many others. Climatetrade gives its users access to a marketplace where they can  directly offset their carbon footprint by selecting the most suitable carbon credits, along with  the records of all their transactions in a private dashboard.

Climatetrade and its customers will be using Algorand as its primary infrastructure layer and leveraging its capabilities for carbon offsetting. The key benefits to using a public blockchain network to transact and create an open marketplace for carbon credit trading are greater efficiency, transparency and inclusivity.

"Climatetrade’s selection of Algorand to power a global marketplace for carbon offsetting is a major shift in how organizations can achieve carbon neutrality," said W. Sean Ford, COO of Algorand. "By making carbon offsetting more easily accessible and efficient, Climatetrade is poised to make a far reaching environmental impact through its vast network — all with blockchain."

"After analysing several technology providers and rigorous due diligence, we chose Algorand as the blockchain infrastructure to power our platform. We have no doubt, Algorand is the perfect solution due to its flexible architecture, low transaction fees and scalability of transactional performance. In addition, they are the only pure proof-of stake (PPoS) network and we have an aligned business vision," said  Francisco Benedito, CEO of Climatetrade."

Borderless Capital invests in category-leading businesses creating economic value in the borderless economy. This investment will enable Climatetrade to open markets in the United States. The next stop on Francisco’s itinerary will be Silicon Valley, where Climatetrade is planning to open its first office to start commercializing its innovative solutions to those American companies that wish to reaffirm their commitment to sustainability by offsetting their CO2 emissions.

"Borderless is the right partner for us as they have the experience with businesses that integrate blockchain at their core. We are sure that will help ClimateTrade to expand faster and complement our strategy perfectly," said Francisco Benedito.

"We are excited and proud to join ClimateTrade. The use of Algorand technology and blockchain for making the planet a better place is at core of our investment philosophy and mindset," said David Garcia, CEO and Managing Partner of Borderless Capital.

This alliance will enable Climatetrade to position itself as the reference for the climate markets worldwide and to progressively create an exponential organization able to make a real impact in the world.

About Climatetrade
Climatetrade is a Spanish company whose main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects.

Pioneering the development of its Blockchain marketplace, Climatetrade has recently launched an API that allows the acquisition of carbon neutral products and services from customers of the different companies integrating this solution.

About Algorand Inc.
Algorand Inc. built the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. The Algorand protocol is the brainchild of Turing Award-winning cryptographer Silvio Micali. Algorand Inc., a technology company dedicated to removing friction from financial exchange, is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models.

About Borderless Capital
Borderless Capital is a modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand borderless economy.

Media contact: algorand@dittopr.co

Logo – https://techent.tv/wp-content/uploads/2020/12/climatetrade-announces-a-partnership-with-algorand-and-investment-from-borderless-capital.jpg

PR Newswire

Dain Leaders tests the digital tracking technology for international students using the ‘Proof of Concept (PoC).’

Leave a comment

Secures the credibility of application forms of international students and enables systematic management.

SEOUL, South Korea, Nov. 29, 2020 — Dain Leaders (http://www.dainleaders.com/), a Blockchain edutech specialist, has announced that they have supported the proof of concept (PoC) of Blockchain for international student matching platform to ensure the credibility of application forms and manage students’ history systematically.

The ‘proof of concept (PoC)’ is a project sponsored by the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA) and its purpose was to prevent forgery and alteration of documents required for the admissions of international students and reduce the amount of work required to verify authenticity for the credibility of admissions process. The underlying technology is the Blockchain testing technology.

Focusing on the untact business that has become popular due to COVID19, Dain Leaders expects that it would serve as a new platform to bring some of the manual processes of the admissions procedure into the online systems.

There currently are about 160,000 international students from 180 countries taking degree programs and language training courses at colleges in Korea. As more international students are coming to Korea every year, cases of applicants submitting fraudulent documents for illegal employment are also growing. Therefore, it is difficult for the colleges and other educational institutions to verify the authenticity of documents that have been forged so elaborately.

Fortunately, the integrated digital tracking platform for international students based on Blockchain makes it easy to review the documents to enhance the credibility of admissions procedure. The procedure compares the original copies of documents recorded onto the Blockchain in hash value to the files requested by colleges and other educational institutions to ensure alignment.

"The proof of concept (PoC) ensures the credibility of documents submitted by international students and tracks them systematically," said President Moo Ho Lim of Dain Leaders. "Even after the project, it will continue to be improved with the feedback of diverse users, including colleges, educational institutions, international students, study abroad agencies, and more."

Dain Leaders is an edutech specialist with technology that leads the global market of untact education by developing optimized customer-centered systems and bringing blockchain, AI, and Big Data together for educational institutions and companies in Korea and abroad.

PR Newswire

Dain Leaders releases the ‘digital tracking platform for international students based on Blockchain’ for the untact era.

Leave a comment

Proof of concept (PoC) of performance and stability.

SEOUL, South Korea, Nov. 28, 2020 — Dain Leaders (http://www.dainleaders.com/), a Blockchain edutech specialist of Korea, is planning to release the ‘international student matching platform based on Blockchain’ that combines the Blockchain with digital tracking technology.

The ‘international student matching platform based on Blockchain’ that secures the confidentiality of online admissions instead of the manual services has been developed for the new market for safe international admissions in the post-COVID era and supports the security of digital applications of students applying for K-Study with the Blockchain technology.

It is also noticeable that the credibility of data is ensured for each college to access and view. Telecommunications Technology Association (TTA), a nationally accredited software quality testing certifier, has begun to test the platform to secure the integrity of data on the Blockchain, security and repairability when saving and restoring data and DB, and technology related to the performance and stability of Blockchain.

In the process, Hanyang University has promptly provided the data of 2,000 international applicants and the testbed for verifying the technology and cooperated for the development and testing of digital tracking platform for the college admissions officials handling the admissions documents such as transcripts and diplomas.

The platform will be tested for 15 items related to the functionality of Blockchain and about 10 items related to its quality and performance. The test environment will be servers using general CPU and servers and nodes of Blockchain and the target value will be 20TPS.

TPS is not the absolute index of performance of Blockchain, but it is required to support a certain level of TPS and block processing speed for the stability of commercial services. 

"After TTA verification, the platform will be released before the end of this year for use by more people, including international students and college officials," said President Moo-ho Lim of Dain Leaders. "Colleges and other educational institutions in Korea can now track international students on the digital platform based on Blockchain through the K-Study Platform."

PR Newswire

OKEx resumes withdrawals of digital assets

Leave a comment

Restoring its full range of services for all users

VALLETTA, Malta, Nov. 27, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored its full range of services for its users by reopening withdrawals of all digital assets as of 8:00 am UTC, Nov. 26. The OKEx team ran comprehensive security checks prior to resuming normal operations of the hot wallet system to ensure the safety of users’ funds.

As part of its continued pledge to full transparency, OKEx has always maintained 100% of reserves since its inception. As such, users are able to withdraw funds with no restrictions. Alongside reopening withdrawals, the Malta-based exchange is offering generous loyalty rewards for users as a gesture of appreciation for their support and understanding during this time. 

While all other operations of the exchange remained unaffected, withdrawals from OKEx were temporarily suspended on Oct. 16 to guarantee the safety of users’ assets, which remains OKEx’s number-one priority at all times. Over the years, the exchange has gained unrivaled experience in safely operating digital wallets, assets and transactions with no major security incidents. 

"We are pleased to be back to operating at full capacity, with all trading activity, deposits and withdrawals functioning as expected and security measures in place to ensure the safety of user assets. Beyond continuing to provide more diverse products, trading tools and innovative solutions for our customers, the security of their funds is our primary concern," said OKEx CEO Jay Hao. 

OKEx maintains rigorous security standards to ensure the safety of digital assets through a combination of cold storage and a hot wallet system that is protected by the exchange’s online and semi-online risk-management systems, semi-offline multisignature services, big data risk-management systems and other protection mechanisms. Working together, they check for abnormal behaviors in transaction amount or frequency and delay or refuse any transactions deemed suspicious, thereby quickly preventing large withdrawals from malicious actors.

The exchange also has an extensive backup mechanism in place for private key holders to ensure that each holder can trigger the activation of the backup private key in the event of long-term incapacitation, such as death or memory loss. On this occasion, however, OKEx had failed to take other specific scenarios into account, such as private key holders becoming unreachable due to unforeseen circumstances. 

"We are working hard to restore user trust and will be rolling out a solution to improve our internal processes so that we can try our best to prevent this type of situation from happening in the future," Jay Hao added.

OKEx has secured its reputation and position as a world-leading exchange through its continued innovation and diverse product offering as well as strict adherence to laws and regulations around the world, establishing robust Know Your Customer checks and anti-money laundering mechanisms. Building on its solid platform and loyal user base in conjunction with continued collaboration with regulators, OKEx looks forward to continuing to serve customers and furthering the development of the blockchain space.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

                                                

Related Links :

https://www.okex.com