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.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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