Blockchain
YAO Network Launches Open Blockchain Infrastructure Platform
Reading Time: 2 minutes
YAO Network (https://yao.dev), a universal wing of the future decentralized ecosystem, is launching an open blockchain infrastructure platform based on BaaS 3.0 (blockchain-as-a-service) design concept. The network’s architecture makes it easy for enterprises and developers to design, build, and deploy their own blockchain applications in the cloud environment.
“Our goal is to build an open blockchain infrastructure platform from which tech communities and developers can better serve commercial applications,” says Walter Komarek, cofounder. “The approach creates triple-win outcomes.”
Obstacles to Progress
The demand from different blockchain players continues to grow. There are current weaknesses pertaining to the performance of fundamental technology, commercial applications, and supporting infrastructure for communities. There are issues with performance, scalability, security, and privacy that have hindered the development of blockchain tech.
The scarcity of development toolkits and learning platforms prevent wider and deeper penetration of the tech. Moreover, developers often lack knowledge of traditional industries. These create challenges in exporting a community’s technology and building a functional ecosystem.
BaaS 3.0 (Blockchain-as-a-Service)
Blockchain-as-a-Service is technology that enables clients to use cloud infrastructure to create, host, and utilize their own blockchain solutions. BaaS enables organizations to deploy supplier services to create and access decentralized applications (dApps).
YAO Network is based on the design concept of BaaS 3.0. Through a blameless governance system and incentive mechanism, the network aims to continuously nurture new blockchain projects, as well as, build a platform of multiple blockchain networks that integrate cloud and decentralized computing.
“YAO Network is a next-generation public infrastructure platform. It works as an ecosystem entry, computation hub, and service market for blockchain communities,” says cofounder Walter Komarek. “YAO will connect enterprises, developers, communities, and industry upstream and downstream participants to provide a full range of blockchain services.”
These include:
- Open blockchain technology service platform
- Online and offline collaborative community
- Blockchain cloud service market
- Diverse tech architecture and self-driven content ecosystem.
The network serves as platform of entry into the blockchain world, through which developers can have access to mainstream blockchain networks. YAO Network provides related information for blockchain projects such as technology parameters, community information, developers’ guidance, dApp quantity, token value, and other key info.
YAO Network also provides supportive access to tools and technology interface that facilitate the development of commercial applications. It can meet the demands of some consortium blockchains, as well as, private blockchain commercial applications by helping developers to quickly build an on-demand blockchain network.
As a hub, the network provides different components at the system level. These include interchain interoperability, distributed identity, off-chain oracles, incident feedback mechanism, and others. These components improve the interoperability and scalability of a blockchain network.
Service providers can also create cloud services, and sell these to terminal users through a visualized interface.
Leadership Team and Partners
YAO Network was founded in January 2019 by a team of developers and technologists. The Malta-based venture is led by cofounder Walter Komarek, chief executive officer of Angel Investment, and former founder of Forbestelecom. The leadership team includes Dr. Neil Wasserman who specializes in applying blockchain architecture, strategy, and emerging technologies to traditional industries.
Mr. Miguel Forbes joins the advisory team. He founded the Forbes.com brand, and possesses experience in publishing, foreign markets, leadership, and entrepreneurship. Moreover, a Nobel Prize winner will join YAO Network as member and/or advisor.
The firm’s institutional partners include Amazon Web Services, Ethereum, Huobi, George Mason University, and Columbia University, among others.
For updates, visit YAO Network on these channels:
Website: yao.dev
Email: [email protected]
Whitepaper: yao.dev/YAONetwork_Whitepaper_v1.0.pdf
Twitter: twitter.com/YaoNetwork
Facebook: facebook.com/networkyao
Telegram: t.me/yaonetwork_community
SOURCE Yao Network
bybit lucky
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.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases5 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain4 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain Press Releases4 days agoDubai Police Team Triumphs at KuCoin Sponsored 2024 Dubai Open Gov Padel Cup
