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Blockchain Press Releases

EvoluteIQ Unveils EIQ 6.0, Enriched with GenIQ and GIQ Copilot, Democratizing AI Access for Enterprises




STOCKHOLM and BANGALORE, India, Aug. 17, 2023 /PRNewswire/ — EvoluteIQ, a leader in end-to-end intelligent business automation for global enterprises, announced the launch of its latest platform release, EIQ 6.0. With enhanced generative AI capabilities, GenIQ delivers a comprehensive AI framework with GenAI integration, designed to enhance functionality, and achieve more productive automation solutions. EvoluteIQ also unveiled GIQ Copilot, a conversational GenAI module that helps citizen developers build any application, forms, rules, and interactions with simple conversational commands.

This latest release of EIQ 6.0 democratizes access to AI offering customers improved ability to integrate generative AI while accelerating application potential. The new enterprise tools empower customers to experience AI-driven automation, enabling scalability, reduced complexity, seamless operations, and cost savings. The flexibility of the EIQ 6.0 platform empowers customers to foster greater innovation and transform their business processes end-to-end.

“With EIQ 6.0, we are helping enterprises unlock new heights of efficiency and productivity by redefining the possibilities of true end-to-end intelligent business automation. The GenIQ release enables organizations to harness the true potential of their data within their firewalls, thus ensuring they create models that are unique to their business and ensure competitive advantage. Our foundational models and generative experiences will drive our customers to explore new possibilities and accelerate business transformation. We believe that the continuous evolution of AI-powered automation holds the power to support our customers and partners to achieve their short and long-term business goals,” expressed Sameet Gupte, Cofounder and CEO, EvoluteIQ.

The GenIQ Framework 

GenIQ is an all-encompassing AI framework that offers a wide range of capabilities, including text generation, translation, content rewriting, classification, summarization, and information extraction. It is built upon a powerful foundation of pre-trained large language models (LLMs) and generative pre-training transformer (GPT) models, which provide ready-to-use solutions and enable various tasks in the field of natural language processing.

In addition to text generation, GenIQ includes a beta version of image generation, to expand the framework’s potential applications and providing users with a broad-based automation solution. 

GenIQ not only offers generative AI capabilities, but also offers non-generative LLMs & transformers apart from extending traditional ML models. For instance, NLP nodes for text identification/labelling, extraction, sentiment analysis, and more, are out-of-the-box activities that can be defined under ML flows and used in process, data, or event flows through simple parameters. 

GIQ Copilot

GIQ Copilot is a conversational GenAI that serves as an interactive conversational assistant, facilitating the development of diverse applications, encompassing form creation, rule implementation, and interactive functionalities solely through natural language conversations. The Copilot provides diverse text-based generative applications and conversational AI features such as chatbot and question-answering functionalities on existing documents and data. 

For example, GIQ Copilot allows customers to easily build an app to automate their onboarding with a Salesforce account using simple instructions given by the user. It integrates with their Salesforce account to build a simple approval-based process flow automating customer onboarding by creating the necessary forms and Create, Read, Update and Delete (CRUD) operations.

Use Cases of GenAI and GIQ Copilot

EIQ 6.0 uses the power of GenAI through LLM and transformer technologies to offer a range of valuable use cases. These include business rule definition through document analysis, development assistance with suggestions and code quality alerts, automated testing, AI-augmented portfolio analysis, chat interface for analytics queries and report generation, and predictive maintenance of processes. EIQ 6.0 builds upon these capabilities, enhancing the overall functionality and providing organizations with more structured and effective intelligent business automation solutions.

The implementation of EIQ 6.0 is expected to yield remarkable benefits for organizations. With advanced technologies, EIQ 6.0 helps achieve a 90% reduction in error rates, ensuring better outcomes and minimizing costly mistakes. Additionally, it drives a significant 97% improvement in customer journey cycle times, and an average of 40% reduction in operational costs.

About EvoluteIQ

EvoluteIQ is on a mission to revolutionize and democratize digital business for enterprises with our EIQ Platform. Our integrated intelligent business automation platform empowers organizations to create exceptional user experiences through process orchestration, RPA, data, and event processing, AI/ML, enterprise connectors, and front-end application development. Our user-centric approach ensures that even non-technical users can drive digital transformation with ease, thanks to our intuitive low-code/no-code interface.

EvoluteIQ is supported by Nordea, Confidus VC & Round2Capital, operating globally with headquarters in Stockholm, Sweden, and a prominent presence in the UK, US, and India.

For more information about EIQ 6.0, visit

Media Contact:

Vibha Krishnan
[email protected] 


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Blockchain Press Releases

Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications



NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.

About Webb

Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.

The Challenge and Our Solution

Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.

Why Tangle Network?

Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:

  • Proof Generation: Delegate computational tasks to our validators.
  • Trusted Setups: Tangle Network manages complex ceremonies for you.
  • Secure Signing: Utilize our threshold signing for cross-chain operations.

By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.

Noteworthy Features

  • Unparalleled speed, security, and scalability via Substrate.
  • Decentralized control through Distributed Key Generation (DKG).
  • Advanced protocols for zero-knowledge applications.
  • Cross-chain compatibility with IBC and XCM.
  • Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
  • Smooth, forkless upgrades.

What’s Next?

The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.

Testnet Quick Links

Get Involved

  • Developers: Start building on Tangle today. Learn More
  • Validators and Relayers: Help secure and maintain the network. Learn More
  • Join the Community: Follow us on Twitter or join our Discord.

Contact Us
For media inquiries, partnerships, or more information, email us at [email protected] 

Visit our website

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Blockchain Press Releases

ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets



SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”

The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).

Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.

Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.

Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges.  ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.

For detailed insights into ChainUp’s innovative solutions, please visit:

About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.

CONTACT: Jacelynn Pang, [email protected] 

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Blockchain Press Releases

BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading



SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.

WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.

The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.

Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”

As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.

About BingX

BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit to learn about BingX.

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