Blockchain
David Chaum’s Elixxir Delivers First Platform Capable of Protecting Privacy by Obscuring Metadata
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Elixxir, led by David Chaum, the “father of online privacy,” announces Elixxir’s unprecedented privacy-protecting blockchain technology will be launched on a BetaNet supported by node operators on six continents.
The Elixxir platform will allow users to communicate without revealing metadata related to their activities—that is, Elixxir will obscure who sends messages, when messages are sent, where they are sent from and who receives them.
Metadata recently became a hot topic when Facebook CEO Mark Zuckerberg laid out a Facebook “privacy-first vision for social networking,” focused on readily available end-to-end encryption with no attention to protecting metadata. In an open letter to Zuckerberg covered by Forbes, Chaum described the Zuckerberg approach to privacy as “fooling those mostly young people [Zuckerberg] says are moving off newsfeed to messaging into believing that end-to-end encryption means privacy.”
Though end-to-end encryption obscures message contents, it does not protect the behavioral details of people’s activities. Elixxir nodes, which operate a highly efficient decentralized mix network, provide full metadata protection for users as well as end-to-end encryption. The Elixxir mix network technology, invented by CEO David Chaum, delivers unprecedented speed by using precomputation to create a mix network framework in advance. After precomputation is complete, each team of nodes stands ready to rapidly process a batch of messages, quickly breaking the links between message sender and recipient, as well as links between users and their blockchain message history.
Elixxir BetaNet Nodes
In January, Elixxir initiated its BetaNet node selection process with a community survey addressing preferences for platform governance, incentives, and community structure. Based on survey results, a node application was designed to determine which nodes would operate the Elixxir BetaNet. Since the release of the application, Elixxir has received hundreds of applications from around the world. Elixxir plans to launch a privacy-protecting, decentralized BetaNet supported by node operators on six continents.
Members of the public interested in furthering Elixxir’s mission of protecting the privacy and security of users are encouraged to apply to run a BetaNet node before Friday, April 19th on the Elixxir website.
Bounty Program
As part of its efforts to rally the privacy community, Elixxir has launched a bounty program to raise the profile of the BetaNet node selection process. Participants who refer applicants who successfully run a BetaNet node will be eligible for up to two extra nodes in Elixxir’s MainNet.
SOURCE Elixxir
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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