Blockchain
DRONEFLY, a Project By KYON Inc, completes the Development of Flight Trackers
KYON Corporation (project “DRONEFLY”) has completed its development of “Flight Tracker” system, which gathers flight information of drones including flight time, speed, location, and flight route.
DRONEFLY, a blockchain project developed for managing flight experience verification, has announced that the project has completed its development of Flight Tracker–RFI device that collects real-time flight information–on the day of the press release. Flight Tracker is one of the businesses in “Blockchain-based Flight Information Verification System Development,” which is led by the “Land, Infrastructure and Transport Technology Promotion Research Project.” This development of the beta version of this device has been completed in the 2nd Quarter of 2021. On the 11th of August, demonstration performance of the device was completed and optimization and final product was completed on 18th of August. AI and Blockchain-based real-time tracking and flight experience verification systems will be added to the device in the near future.
Flight Tracker was developed with the help of the Ministry of Land, Infrastructure and Transport, which took 12 months for development. Verification of flight experience and flight career has always been a problem; however, thanks to Flight Tracker, verification issue is not a problem anymore. By mounting a Flight Tracker device to drones, gathered information is encrypted and integrated with the blockchain system, which will make tampering nearly impossible. Therefore, the flight experience information of the drones provided by this system have become reliable.
An official from the DRONEFLY project has quoted, “Flight Tracker will become the black box for drones; within 2-3 years, we expect mounting Flight Trackers to all drones to become mandatory. We will grow into the core of the 4th industrial revolution by cooperating with the domestic and overseas drone developer and drone institutes.”
The DRONEFLY team has built four different types of business platforms on the basis of KDMS participation and reward system. The portal website of these platform services is called SKYWORK and the services are namely – Education Matching Platform, Job Matching Platform, Market platform and Sharing Platform with rental services. These business aids are organically connected to one another and will enable the team to embrace diverse demands related to drones.
Other than its incredible drone-related business assistance, the platform also has devised it’s token model in such a way that all participants can easily remain active and earn rewards in various ways. DRONEFLY is to be used as a basic medium of exchange within the DRONEFLY ecosystem. It is listed on the cryptocurrency markets, and can be used as a store of value. DRONEFLY token is constantly used and recycled within the ecosystem.
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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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