Blockchain Press Releases
TDK Ventures invests in Infinite Uptime’s Industry 5.0 digital intelligence platform
- Infinite Uptime revolutionizes industrial applications with its state-of-the-art digital intelligence platform that provides real-time fault diagnostics and reliability monitoring for key mechanical equipment in an integrated, smart software platform
- The platform employs frequency analysis of vibrations, monitored by sensors integrated into essential machinery to predict failures
- TDK Ventures partners with Infinite Uptime to expedite the adoption of cutting-edge technologies that promote automation, downtime reduction, and heightened sustainability in manufacturing and other industrial sectors
SAN JOSE, Calif., July 26, 2023 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that its subsidiary, TDK Ventures Inc., has invested in the Industry 5.0 – focused startup Infinite Uptime, who’s digital intelligence platform leverages state-of-the-art sensor technology, advanced analytics, and machine-learning algorithms to monitor vital mechanical equipment within industrial applications to anticipate and promptly address failures, ensuring optimal uptime and superior performance.
Infinite Uptime’s Predictive Maintenance (PdM) platform offers two key capabilities within a single platform: Diagnostics as a Service (DaaS), which monitors critical equipment 24/7 and notifies the presence of any faults, and Digital Reliability Service (DRS), which provides prescriptive actions/interventions and downtime savings. Utilizing frequency analysis of vibrations, monitored by sensors integrated into key machinery, the platform detects degradation and impending failures. This physics-based data foundation drives AI-based decision making, allowing industries to proactively tackle potential issues and optimize their operations. These capabilities play a critical role in advancing Industry 5.0 transformation to enhance manufacturing, production, and industry efficiency while promoting cleaner and more sustainable practices through resource optimization, risk identification/mitigation, and waste reduction.
The need for efficient monitoring and maintenance solutions is increasingly vital as markets continue to shift toward Industry 5.0. Infinite Uptime’s platform addresses this demand by delivering a scalable, real-time monitoring system that empowers companies to automate and optimize operations, which in turn reduces downtime and improves overall sustainability.
Infinite Uptime’s Predictive Maintenance (PdM) platform seamlessly integrates with existing industrial infrastructure, offering a comprehensive, data-driven approach to predicting and preventing equipment failures. By harnessing the Internet of Things (IoT), cloud computing, and advanced analytics, the platform provides actionable insights to decision-makers, driving operational excellence and supporting business growth.
Dr. Raunak Bhinge, CEO of Infinite Uptime, commented, “Our mission is to enable industries to fully embrace the potential of Industry 5.0, equipping them with the necessary tools and insights to accelerate business growth and enhance sustainability. We are thrilled to partner with TDK Ventures, whose expertise and support will accelerate the adoption of our digital-intelligence platform across various industrial sectors.”
Nicolas Sauvage, President of TDK Ventures, added, “Infinite Uptime stands at the forefront of the Industry 5.0 revolution, tackling critical challenges in industrial automation and efficiency. Their digital intelligence platform holds the potential to transform how industries operate, paving the way for a more sustainable and efficient future. We are excited to collaborate with Infinite Uptime and support their journey in shaping the future of more sustainable industrial applications.”
TDK Ventures invests globally in early-stage startups that leverage fundamental materials science to unlock an attractive and sustainable future for the world. TDK Ventures’ goal is to help every startup they invest in achieve their full potential for positive world impact.
To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at [email protected].
About TDK Corporation
TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide.
About TDK Ventures
TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or [email protected].
About Infinite Uptime
Infinite Uptime is a global Predictive Maintenance Services and Plant Reliability solutions company. We help maintenance and manufacturing teams to attain the highest level of plant reliability by reducing unplanned downtime, mitigating operational risks, and improving overall efficiency. We leverage Industry 5.0 technologies and a digital-first approach to create responsive maintenance strategies for diverse global manufacturing industries including Cement, Steel, Metals & Mining, FMCG, Chemicals, Oil & Gas, Power, Pharma, Tire, Automotive, Construction, Pipes and more. Our advanced analytics and real-time industrial diagnostics help plant-maintenance leaders and condition-based monitoring teams to accurately predict and avoid machine failure every single time.
You can download this text and associated images from www.tdk-ventures.com/TDK-ventures-invests-in-infinite-uptimes-industry-50-digital-intelligence-platform/
Contacts for regional media
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TDK |
Ms. S MACKENZIE |
Publitek Portland, OR, USA |
+1 503 720 3743 |
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TDK Ventures |
Mr. R. FINELLI |
TDK Ventures San Jose, CA, USA |
+1 408 667 5970 |
View original content:https://www.prnewswire.co.uk/news-releases/tdk-ventures-invests-in-infinite-uptimes-industry-5-0-digital-intelligence-platform-301884464.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.
During the recent crypto bull market, blockchain education initiatives have gained significant traction as individuals seek to capitalize on the growing opportunities in the digital asset space. These initiatives aim to empower enthusiasts, developers, and professionals with the knowledge and skills needed to navigate the complex world of blockchain technology and cryptocurrencies.
As interest in blockchain continues to soar, educational platforms and programs have emerged to cater to the diverse needs of learners. These initiatives offer a wide range of courses, workshops, and resources covering various aspects of blockchain technology, including smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and more.
One of the key drivers behind the surge in blockchain education is the growing demand for blockchain talent in the job market. With companies across industries exploring blockchain solutions, there is a pressing need for skilled professionals who can design, develop, and implement blockchain-based applications. As a result, individuals are increasingly turning to educational initiatives to gain the necessary expertise and credentials to pursue lucrative career opportunities in the blockchain space.
Moreover, the crypto bull market has fueled interest in cryptocurrencies and digital assets, prompting individuals to seek comprehensive education on topics such as trading, investment strategies, and risk management. Blockchain education initiatives play a crucial role in providing individuals with the knowledge and tools they need to make informed decisions in the fast-paced and volatile crypto market.
In addition to traditional educational platforms, blockchain-focused communities, forums, and online resources have become invaluable sources of learning and knowledge-sharing. These communities provide a supportive environment for enthusiasts and professionals to exchange ideas, collaborate on projects, and stay updated on the latest developments in the blockchain industry.
Overall, blockchain education initiatives are playing a vital role in democratizing access to blockchain knowledge and empowering individuals to participate in the digital economy. As the crypto bull market continues to fuel interest in blockchain technology, these initiatives are expected to play an increasingly important role in shaping the future of the industry and driving innovation across sectors.
Source: cointelegraph.com
The post Blockchain education initiatives take off amid crypto bull market appeared first on HIPTHER Alerts.
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