Blockchain
Credenxia leaps into the future with Dock’s API
Preparing to move towards a decentralized solution for creating and managing employee credentials, Credenxia is working with Dock to build a Proof of Concept (PoC) application to create, issue, manage, and verify credentials instantly. This PoC is now complete!
Helping businesses around the world work smarter, better, and faster, Credenxia offer a digital platform that uses cloud and smart technology to verify employee identity and establish proof of qualifications. With a mission to simplify management of the workforce, Credenxia understood the need to provide alternatives to their existing centralized verification solutions.
The better solution? Verifiable credentials. These are digital versions of an individual’s identity documents, academic achievement, licenses and more. Verifiable credentials use cryptography, providing assurance as to who issued the credential and who it belongs to, as well as guaranteeing the legitimacy of it. Verifiable credentials sit in a digital wallet on the individual’s mobile device, giving users back control over their identity.
What are Verifiable Credentials and what makes it a better option?
These digital certificates are stored on an individual’s digital wallet that can reside on a mobile device. If the accreditation requires a time stamp on how long it is valid for, the verifiable credential can be time stamped, anchoring them to the Dock blockchain. These credentials can be digitally presented to a third party for instant verification. Users receive the certifications and identity from the issuing body, i.e. qualifications from educational organizations, they own it and use it entirely on their own free will.
It saves a workforce several days on the time it takes to issue and verify an individual’s identity and credentials. A university can take months to prepare, issue and print certificates and diplomas, and an employer would spend weeks verifying an employee’s identity and accreditations. With verifiable credentials, hundreds of certifications and identities can be legitimately issued and verified instantly, saving hours and days of tedious work.
In addition, verifiable credentials are tamper-proof and use cryptography to ensure that only the issuer can make changes to the credentials, and only the intended recipient can present the credentials in a verifiable way.
Dock’s work with Credenxia
To date, Credenxia has provided a centralized solution with verification through their cloud-based portal. Wanting to offer an alternative to their existing centralized solutions that provides the added benefits of using verifiable credentials with blockchain technology, Credenxia approached Dock to help them develop a Proof of Concept (PoC) application. The vision was to give back control over one’s credentials and identity and allow instant verification of credentials.
Using Dock’s API, Credenxia will also offer decentralized solutions, building an application where credentials are held by an individual and where all data held is correct and legitimate, using an identity verification service to verify details of individuals prior to registration.
Dock CEO Nick Lambert said of the collaboration “Credenxia’s use of verifiable credentials is a great use case and we’re excited to support them in bringing this product to the market. Credenxia are getting in on the ground floor with this technology which will significantly reduce verification times and costs for their customers”.
Credenxia CEO Terry Jones said of the collaboration, “We are very pleased to have completed the Proof of Concept with Dock. It is a key strategic imperative for Credenxia to offer existing and new clients a decentralised option that maintains highest levels individual data privacy and integrity. Dock has led the way, by releasing the first public W3C credential verifier, which utilises the Verifiable Credentials Data Model (VCDM). Meeting the highest global standard in what will be a rapidly evolving digital compliance landscape is essential for our future growth roadmap. Following the PoC, I am confident that the Dock framework will support these objectives.”
About Credenxia
Credenxia are a leading global verification partner whose mission is to simplify management of the workforce. Helping people and businesses work smarter, better, and faster, Credenxia offer a digital platform to issue and verify a workers identity and qualifications, instantly.
About Dock
Dock is a platform designed to provide a simple solution for businesses and developers to build, manage and present digital credentials that are instantly verifiable using blockchain technology. With a standalone blockchain and seamless adoption and interoperability, Dock is part of a movement to solve universal problems with existing data and how it is captured, shared and controlled.
For more information on the partnership between Dock and Credenxia, or if you have any questions, please contact Kiran Padam, Content Marketing Manager at [email protected].
Source: RealWire
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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