Blockchain Press Releases
Peer Ledger and Alitheon Ensure Authenticity and ESG Traceability in Precious Metals, Luxury and Consumer Goods, and Beyond
New partnership links irrefutably authenticated physical products with their immutable digital records to ensure provenance and protect product integrity
BELLEVUE, Wash. and HALIFAX, NS, July 12, 2023 /PRNewswire/ — Alitheon, an optical AI technology company, and Peer Ledger, the responsible supply chain company, have integrated Alitheon’s patented FeaturePrint® technology into Peer Ledger’s patented MIMOSI™ Connect platform. The combined solution will provide seamless no-touch authenticity verification and traceability for many types of industrial and consumer products along the chain of custody, ensuring their integrity.
An urgent use case for the partnered platforms is to prevent conflict financing. Illegal activity surrounding gold bullion is a problem that continues to grow, with misled and uninformed dealers requesting greater tracking, tracing, and authentication tools. Alitheon’s FeaturePrint provides bullion refiners with a unique identifier – or digital fingerprint – as an added security feature for their bars. The automatic documentation of inspection and in-field authentication events and their results on the integrated MIMOSI and FeaturePrint platforms is yet another winning governance feature of the most widely applicable trust platforms for supply chains on the market today.
“With the rise of digital commerce and globally distributed suppliers, products are ever more susceptible to illegal activity and ESG non-compliance. With IP theft leading to negative environmental impacts, illegal child labor, and financial losses, companies and consumers need to be able to trust the provenance of the products they buy and their associated data,” said Roei Ganzarski, CEO of Alitheon. “The Alitheon – Peer Ledger solution builds upon the strengths of both companies to offer that high degree of trust.”
MIMOSI Connect, a comprehensive Digital Product Passport platform using cloud, blockchain, AI, GPS and IoT technologies, gives companies a trusted, permanent record of validated transactions, documents and ESG metrics across the entire supply chain to support responsible sourcing and due diligence. Integrating FeaturePrint into MIMOSI Connect creates an additional layer of proven trust for supply chains to mitigate environmental and human rights risks.
“Peer Ledger now enables industries to authenticate any type of consumer or industrial product from its MIMOSI Connect Digital Product Passport (DPP) platform with just the use of a photo via our elegant integration with Alitheon’s FeaturePrint Optical-AI platform. The efficiencies and ESG risk reductions are enormous,” said Dawn Jutla, founder and co-CEO of Peer Ledger. “Peer Ledger’s and Alitheon’s game-changing integration is attractive to the trio of regulators enforcing new ESG regulations, organizations facing a tsunami of new global ESG compliance reporting, and consumers’ desire for responsibly produced, environmentally healthy goods.”
MIMOSI Connect is interoperable and supports any ESG standard, tracks product life cycle events and collects investor-grade, high-quality verified ESG data from extraction to transfer and transport, transformation, distribution, retail, recycling and end-of-life along all types of product supply chains. The FeaturePrint integration enables industries to easily and irrefutably authenticate and trace physical goods along their supply chains and throughout the life of the product, thereby ensuring physical and digital provenance. Moreover, these events are made almost immediately visible to authorized parties thereby further improving governance.
Visit YouTube to demo the integrated technology.
About Alitheon
Alitheon® is a Bellevue, Washington-based leader in advanced optical AI and creator of FeaturePrint®, a patented system connecting the physical and digital worlds via a secure and immutable link. FeaturePrint digitizes for items and products, what fingerprints are for people – a one-of-a-kind, unique identifier that does not require you to mark, modify or add anything to the item. Using just a camera, FeaturePrinting enables authentication, identification and traceability of individual items out of millions of similar objects. With FeaturePrint, counterfeits are avoided, misidentification of parts is eliminated, and the use of wrong products is minimized. FeaturePrint is currently used for numerous track, trace and authentication purposes across automotive, pharmaceuticals, aerospace & defense, medical equipment, precious metals, and luxury goods and collectibles.
About Peer Ledger
Peer Ledger is an innovative Canada-based technology leader in advanced distributed systems and the creator of MIMOSI™ Connect, a patented digital product passport platform that enables businesses to record, validate and reconcile the provenance, transformation, journey, and sustainability of materials and processes used to create their products. MIMOSI™ captures Scope 3 carbon emissions and other ESG metrics in companies’ supply chains. MIMOSI™ is used or is being successfully piloted in automotive, chemicals, food, gold, steel, and retail supply chains.
Video – https://www.youtube.com/watch?v=4wLanUFSDas
View original content:https://www.prnewswire.co.uk/news-releases/peer-ledger-and-alitheon-ensure-authenticity-and-esg-traceability-in-precious-metals-luxury-and-consumer-goods-and-beyond-301875459.html
ABU DHABI, UAE, May 10, 2024 /PRNewswire/ — Venom, an innovative layer-0 and layer-1 blockchain network capable of hosting projects at massive scale, has continued to expand its offerings, this time forming a strategic partnership with KuCoin Ventures, the investment arm of KuCoin, a leading global crypto exchange.
The partnership follows on the heels of Venom’s launch into mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom network, has continued to make inroads across the blockchain industry following its launch into mainnet earlier this year. Venom has drawn attention due to its unique capabilities as both a layer-0 and layer-1 blockchain. The network is powered by Mesh technology, which allows it to communicate seamlessly and at great speed with other, independent networks.
Built to be capable of hosting massive platforms and projects, specifically global payment systems and CBDCs, Venom has emerged as one of the most promising new networks, with capabilities that could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further expand and integrate with other blockchain projects by reaching an agreement with KuCoin, one of the industry’s largest exchanges. KuCoin is one of the top-ten cryptocurrency exchanges with a daily trading volume of well over $500 million.
The new partnership would involve Venom receiving investment support for its VENOM token, while also providing enhanced visibility for projects integrated with the Venom blockchain on KuCoin. KuCoin Ventures will also provide support and resources during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO Christopher Louis Tsu had this to say: “This new partnership with KuCoin Ventures, the investment arm of KuCoin exchange, which is one of the industry’s largest and most important exchanges, marks a new chapter for the Venom network. This will open a lot of new doors for Venom and set the stage for collaborative work that will redefine this industry and allow Venom to reach its full potential. We are all very eager to see this come to fruition and what lies ahead for both us and KuCoin Ventures.”
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly communicating and integrating with other independent networks through its innovative Mesh technology. The Venom ecosystem is anchored by a masterchain, which manages the overall network state and consensus, while workchains — an unlimited number of autonomous chains — host user accounts, smart contracts, and decentralized applications. Mesh technology revolutionizes inter-chain communication, optimizing interactions without compromising speed or unparalleled scalability. With a robust technology stack that ensures rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is the ideal network for hosting CBDCs and other large-scale platforms. Learn more at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is a leading global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: [email protected]
Photo – https://mma.prnewswire.com/media/2409905/Venom_Foundation.jpg
View original content:https://www.prnewswire.co.uk/news-releases/venom-and-kucoin-ventures-forge-strategic-partnership-302142400.html
A new bill introduced in the U.S. House of Representatives, known as the Blockchain Integrity Act, seeks to address concerns surrounding the use of cryptocurrency mixers and tumblers. The proposed legislation aims to regulate these privacy-enhancing tools, which are often used to obscure the origins of cryptocurrency transactions.
The bill, if passed into law, would impose strict regulations on the operation of cryptocurrency mixers and tumblers within the United States. These tools, which allow users to mix their funds with those of other users to obfuscate the transaction trail, have raised concerns among law enforcement agencies and regulators due to their potential use in money laundering, terrorist financing, and other illicit activities.
Under the Blockchain Integrity Act, operators of cryptocurrency mixers and tumblers would be required to register with the Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Failure to register or comply with these requirements could result in significant penalties, including fines and imprisonment.
The proposed legislation also seeks to empower law enforcement agencies to investigate and prosecute individuals and entities that operate unregistered cryptocurrency mixers and tumblers. By enhancing regulatory oversight and enforcement capabilities, the bill aims to safeguard the integrity of the blockchain ecosystem and prevent the illicit use of cryptocurrencies.
However, critics argue that the Blockchain Integrity Act could stifle innovation in the cryptocurrency space and infringe on individuals’ privacy rights. They contend that while cryptocurrency mixers and tumblers can be used for illicit purposes, they also serve legitimate privacy-enhancing functions, such as protecting users’ financial privacy and security.
The introduction of the Blockchain Integrity Act reflects growing concerns among policymakers about the potential risks associated with cryptocurrencies and their use in illicit activities. As lawmakers continue to grapple with these issues, it remains to be seen how the regulatory landscape for cryptocurrencies will evolve in the United States and around the world.
Source: cointelegraph.com
The post Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years appeared first on HIPTHER Alerts.
The government-owned KfW Bank, based in Germany, is delving further into its plans to issue digital bonds leveraging blockchain technology. This move underscores the institution’s commitment to exploring innovative financial solutions in the digital age.
The proposed digital bond issuance is poised to mark a significant milestone for KfW, as it seeks to embrace the transformative potential of blockchain technology. By tokenizing bonds on a blockchain platform, KfW aims to streamline the issuance process, enhance transparency, and optimize operational efficiency.
One of the key advantages of digital bonds lies in their potential to reduce the reliance on intermediaries and streamline the entire bond lifecycle. Through blockchain-based tokenization, KfW aims to automate various aspects of bond management, including interest payments and maturity settlements, thereby reducing the need for manual intervention and minimizing operational costs.
Moreover, digital bonds have the potential to enhance liquidity in the secondary market, allowing investors to trade bonds seamlessly on digital asset exchanges. This increased liquidity could attract a broader range of investors, thereby diversifying KfW’s investor base and potentially lowering borrowing costs.
In addition to the issuance of digital bonds, KfW is also exploring the integration of blockchain technology into other areas of its operations. By leveraging blockchain for various use cases, such as trade finance and supply chain management, KfW aims to unlock new efficiencies and drive greater transparency across its ecosystem.
Overall, KfW’s foray into blockchain-based digital bonds underscores its commitment to innovation and its recognition of the transformative potential of blockchain technology. As the institution continues to explore and implement blockchain solutions, it is poised to stay at the forefront of digital innovation in the financial sector.
Source: ledgerinsights.com
The post Government-owned KfW elaborates on blockchain digital bond plans appeared first on HIPTHER Alerts.
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