Blockchain
Haidrun enters blockchain market with next-gen enterprise solution
New private blockchain platform with AI delivers scale, privacy and cost savings to drive intelligent business automation and new revenue streams for business
25 May 2021: Tech start-up Haidrun has announced its arrival in the fast-growing blockchain market with the launch of its new Haidrun private blockchain platform. With early generations of blockchain offering robustness and trust, but at the expense of confidentiality, performance and cost, Haidrun’s new technology is designed to bridge this gap and specifically address the needs of enterprise customers.
The Haidrun platform is a non-open source, flexible and scalable private blockchain, built on an advanced architecture that uses AI engines to deliver new levels of performance and capability. For markets such as telecoms, health, insurance and supply chain, which have not been quick to embrace public blockchain solutions, Haidrun will help accelerate intelligent business automation and create new revenue streams with secure and transparent transactions.
Haidrun removes much of the complexity of public blockchains and ensures enterprise scalability with three core features: container technology, dynamic block sizing and a new advanced blockchain protocol, Larad, which uses a fast and efficient voting-based, consensus algorithm. Working together with the integrated AI engines, these features deliver the next generation of smart contracts and with standard REST APIs, easily integrate and interoperate with other enterprise systems, databases and blockchains.
“Private blockchains are more suitable for enterprises for reasons of scale, accountability and cost,” says Haidrun CEO and founder Jonas Lundqvist. “They can be run and operated as Blockchain-as-a Service (BaaS) or by the enterprise itself and are usually set up for reasons of privacy, where a business does not want to allow every participant full access to its entire blockchain contents.”
As a private blockchain, Haidrun also supports full accountability for external audits, for example. This is not possible using public platforms where there is no entity in charge and anyone can download the software, form a node, view the ledger and interact with the blockchain. Private networks also retain control, eliminate illicit activities, provide a high degree of regulation and avoid variable costs and performance fluctuations associated with public platforms.
“Our fundamental value proposition with the Haidrun platform is to unlock the real business benefits of blockchain to provide the fast, secure, scalable and cost-effective solutions that digital commerce demands,” said Lundqvist. “Blockchain technology stands to boost the global economy by $1.7 trillion in the next decade according to a report published last year by PwC and we believe that enterprise blockchain deployments will deliver much of these gains.”
About Haidrun
Swedish-based Haidrun was founded in 2019 to develop the next generation of blockchain technology to specifically address the needs of enterprise customers. The result is the Haidrun enterprise blockchain platform that combines powerful private Distributed Ledger Technology (DLT) blockchains with Artificial Intelligence (AI) engines to deliver rapid transaction speed, security and scalability, interoperability with existing systems and significant cost reduction. The advanced features of the Haidrun platform unlock the real business benefits of blockchain and can be deployed on-premise or as a Blockchain-as-a-Service solution.
For more information, go to www.haidrun.com or [email protected]
For press information and images, contact:
Peter Rennison or Rachel Williams, PRPR
+ 44 (0)1442 245030, [email protected] / [email protected]
Source: RealWire
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
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