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Iowa AG Business Utilizes VIVOTEK VORTEX Security Solution to Curb Rising Theft

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TAIPEI, Aug. 17, 2023 /PRNewswire/ — 

Background
Olson Seed Service LLC in Perry, Iowa provides AG consulting and Pioneer Seeds and nutrients to local farmers. The company has a large investment in equipment and supplies that it has stored inside its facility along with AG equipment and vehicles parked outside. Theft in rural Iowa has risen 60 percent over the past five years, causing concern for companies such as Olson Seed Service. Many rural businesses do not have technology-based solutions driving their day-to-day operations, so finding a video surveillance system that is effective yet easy to manage in these challenging times has become crucial.

Challenge
Businesses in such rural communities that are not used to the necessity of such video surveillance in the past are quickly becoming aware that these security measures are becoming vital, no matter the size and scope of the operation itself. Basic surveillance equipment, such as NVRs (network video recorders) and even computer hard drives are still popular choices for security professionals, but are becoming dated and harder to manage in today’s world. The cost of continually maintaining and even replacing these types of equipment is never ending, and remote monitoring and video retrieval is either difficult or not possible in many cases, especially in real time.

Olson Seed Service needed both a company with camera placement design and equipment experience that was local to support it, and an extensive yet easy-to-use overall solution.

VIVOTEK’s new cloud-based video surveillance as a service (VSaaS), VORTEX, eliminates these challenges and met Olson Seed Service’s needs.

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Solution
After Central Iowa’s own system integrator Tech Zone’s on-site visit, they came up with a design to cover Olson Seed Service’s doors, outside parking, and equipment on its lot with three cameras, along with two cameras inside covering production and inventory.

Tech Zone chose VIVOTEK’s new VSaaS, VORTEX, a comprehensive end-to-end AI surveillance solution that seamlessly integrates deep-learning-based network cameras with cloud video management software to solve Olson Seed Service’s security surveillance solution requirements, for its indoor and outdoor security needs.

VORTEX provides intelligent and easy-to-use data analysis services. What’s more, its hybrid cloud architecture allows it to transcend conventional storage frameworks. No longer is dedicated video management software or centralized management systems required to manage and process video data. Now, video data can be stored and analyzed via edge computing directly within the camera and backup in the cloud, significantly reducing time, cost, and bandwidth limitations of the past.

VORTEX allows for receiving push notifications of deep-learning-based events on a smart device in real-time to never miss important messages again. With VORTEX, managing a surveillance system is more effective and easier than ever before with wide camera selection, crystal clear image quality, Edge AI analytics, hassle-free, zero configuration, and, like all VIVOTEK products, it is trustworthy and reliable.

The VSaaS features powerful AI video analysis technologies, upgraded real-time detection and post-hoc search functionality, state-of-the-art deep search algorithms to convert metadata into searchable and quantifiable information and refine people, vehicle, and environment detection accuracy over time. In addition to real-time alerts, VORTEX is capable of sieving through big data to identify or follow past events, and its hybrid cloud architecture allows for unlimited cloud archive, automatic backup, event management and instant sharing. All of these features are merged seamlessly to maximize operational efficiency and storage reliability while minimizing network interruptions and downtime.

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Overall, Tech Zone installed five VORTEX cameras throughout the interior and exterior of the business…three FD837-HTV 5-Megapixel, IP66/IK10-rated, remote focus, zoom lense dome cameras, and two FD839-EHV five-megapixel, fixed lense IP66/IK10-rated outdoor dome cameras ideal for VORTEX applications.

Customer Feedback
During off hours Paul Olson, owner of Olson Seed now has easy access to his cameras and activity around his property. VORTEX allows him to monitor his facility wherever he is, whether he is working or taking time to relax. Olson chose the VORTEX platform for the simplicity of operation and its ease of expanding to additional cameras. This is his first experience with security cameras, so simplicity was a must and VORTEX along with Tech Zone has accomplished this for him.

“Thanks to VORTEX and Tech Zone for giving us peace-of-mind,” said Olson. “Ownership today has changed in so many ways. This is another way to manage my business while protecting my assets.”

For more information about VORTEX and its solution, please visit www.vortexcloud.com.

Photo – https://mma.prnewswire.com/media/2187049/VORTEX_Success_Story__1200_x_627px_3_2.jpg 

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Cision View original content:https://www.prnewswire.co.uk/news-releases/iowa-ag-business-utilizes-vivotek-vortex-security-solution-to-curb-rising-theft-301902743.html

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Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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TON Blockchain Surpasses Ethereum in Daily Active Users

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Ethereum’s comparative underperformance relative to TON can be attributed to several factors, notably the migration of a significant portion of its user activity to layer 2 scaling solutions. These solutions were not factored into the comparison with TON.

During a week marked by global crypto market fluctuations and cautious investor sentiment, The Open Network (TON), backed by Telegram, has seen substantial growth in user activity, surpassing Ethereum in daily active users.

Since the beginning of the month, TON and Ethereum have been closely vying for user engagement. However, leveraging Telegram’s extensive user base of 900 million, TON has consistently outpaced Ethereum for ten consecutive days starting June 1.

On June 3, TON achieved a significant milestone with 568,300 daily active addresses (DAAs), according to Artemis data. In contrast, Ethereum has not reached this level of activity since September 13, 2023.

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Delving Deeper
Ethereum’s apparent lower activity compared to TON can be attributed to various factors, including the adoption of layer 2 scaling solutions designed to enhance transaction throughput and reduce fees by processing transactions off the main Ethereum blockchain.

Consequently, the majority of Ethereum’s transactional activities have shifted to these layer 2 networks.

For instance, on June 11, the top three Ethereum layer 2 networks—Arbitrum, Base, and Optimism—collectively registered 1.3 million daily active addresses. This highlights that while Ethereum’s primary network may appear less active, substantial transactional volume is occurring on these secondary layers.

New Milestones and Market Performance
Despite the challenges of comparing directly with Ethereum, TON has demonstrated significant growth. Amidst the recent global market volatility, the network’s native token, Toncoin (TON), reached a milestone of $7.76 earlier this month, marking its highest valuation since launch.

Although Toncoin has since experienced a decline of over 12%, industry analysts remain optimistic about its future trajectory.

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A pseudonymous analyst, “Crypto King,” has forecasted a potential rise to $10 for TON in the near term, citing its robust user base, rapid infrastructure development, and Telegram’s support.

Another expert, Alex Clay, shares this positive outlook, suggesting short-term price targets of $10.5 to $11.6 for TON despite broader market downturns.

Furthermore, data from Token Terminal indicates promising long-term indicators for TON, showing a 3.6% rise in fully diluted market capitalization, a 76.3% increase in token holders, and a 26.0% growth in revenue and fees over the past 30 days.

Despite a slight decrease in trading volume by 11.6%, these metrics underline a strong underlying growth trend for TON.

Source: coinspeaker.com

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The post TON Blockchain Surpasses Ethereum in Daily Active Users appeared first on HIPTHER Alerts.

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Brickken is selected to participate in the European Blockchain Regulatory Sandbox

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Brickken, a startup based in Barcelona at the forefront of real-world asset tokenization, has been chosen to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This initiative aims to establish legal clarity for decentralized technologies like blockchain by identifying legal and regulatory hurdles to deployment. It will provide confidential guidance, legal counsel, and regulatory expertise.

Facilitated by the European Commission, this program will enable regulators to deepen their understanding of cutting-edge blockchain technologies and foster dialogue between public institutions and private entities such as Brickken.

By joining the European Regulatory Sandbox, Brickken gains the opportunity to refine and enhance its solutions within a secure environment. This will bolster its credibility with institutional clients, market operators, and bond issuers, facilitating its expansion into new markets. Brickken seeks to become a strategic partner for various participants in capital markets, enhancing operational efficiency and promoting technological synergy in digital asset management.

Edwin Mata, CEO and co-founder of Brickken, expressed excitement about this selection, emphasizing:

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“This opportunity validates our innovative approach to asset tokenization and allows us to collaborate closely with regulators and industry leaders to strengthen the blockchain ecosystem. The knowledge and experience gained in this regulatory sandbox will be invaluable for our future growth and success.”

Brickken’s inclusion in this sandbox marks a significant milestone in its mission to revolutionize the tokenization industry. Recently selected for PricewaterhouseCoopers’ Scale program for tokenization and digital assets, Brickken continues to advance blockchain adoption among institutional clients, banks, and capital markets. Additionally, the company has forged partnerships with industry leaders like Psalion and Chainlink, known for their real-world asset tokenization technology.

In collaboration with Coinbase, Brickken aims to set new standards in infrastructure and market structure for real-world asset tokenization. Leveraging Coinbase’s technology such as Wallet and Base, Brickken brings its expertise in tokenization and technology to build robust solutions.

Established in Barcelona in 2020 by Edwin Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, Brickken has experienced rapid growth, operating in over 14 countries and tokenizing assets exceeding 200 million euros. With a client base of over 50, the company has achieved over 100% growth compared to the previous year and is expanding into new verticals.

Brickken’s digital asset platform specializes in tokenizing financial instruments such as equity and debt, catering to entities of all sizes, asset types, and jurisdictions. Offering robust technological support, Brickken enables market entry without the need for proprietary technology development. This positions Brickken to serve diverse sectors including real estate, startups, institutions, venture capital funds, and family offices, facilitating efficient digitization and management of assets.

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Source: cointelegraph.com

The post Brickken is selected to participate in the European Blockchain Regulatory Sandbox appeared first on HIPTHER Alerts.

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