Blockchain
Wanchain and XinFin to Develop XDC Bridges
London, United Kingdom–(Newsfile Corp. – April 20, 2022) – XinFin, a third-generation, hybrid blockchain that aims to enhance synergies between private and public blockchain development, is deploying bridges for its XDC token in collaboration with DIMO and Wanchain.
Wanchain & XinFin
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The bridges will initially link XDC to BNB Chain, Polygon, Avalanche and Wanchain, with plans for Wanchain to provide XinFin with continuous support by introducing BTC, ETH, WAN and others assets to XinFin’s growing ecosystem. XinFin’s growth partner, DIMO, is promoting the need for XDC on other chains while also developing use cases for Wanchain wrapped assets on XinFin.
XinFin currently represents one of the most competitive blockchains, with the objective of building a decentralised network that is able to facilitate global finance. Being hybrid and permissioned, XinFin provides a fast, efficient and convenient blockchain that aims to facilitate blockchain adoption by private organisations and public institutions.
Wanchain, with its unmatched crosschain infrastructure, becomes critical to XinFin’s expansion. Since 2017, Wanchain has been working to develop the world’s premier interoperability solution by building a wide area network of blockchains. Currently, Wanchain connects more than 15 Layer 1 and Layer 2 networks including but not limited to Arbitrum, Avalanche, Bitcoin, Ethereum, Litecoin, XRP Ledger, Polkadot, and XRP Ledger and now XinFin. To begin, Wanchain will connect XinFin’s XDC to Avalanche, BNB chain, Polygon and Wanchain’s own Layer 1 blockchain. Wanchain’s platform offers complete connectivity to the blockchain ecosystem of every chain it supports, providing decentralised direct bridges that allow users to join dApps on any target chain.
“XinFin was born with the intention of reaching what others were not able to. In a world where technology, time and efficiency become more and more essential, XinFin aims to build a network where enterprises and governments can seamlessly use blockchain resources,” says Atul Khekade, co-founder at XinFin. “That is why the collaboration with Wanchain, to bridge XinFin to other platforms, is of crucial importance to achieve the objective of a decentralised and effective global system.”
XinFin’s partnership with DIMO helps bolster the business development aspect of this collaboration. DIMO, along with XinFin, was founded to incentivise digitization and data collection through the use of blockchain. Along with this, DIMO and XinFin have been monumental together in growing the retail adoption for the blockchain.
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About XinFin
XinFin is an enterprise-grade, EVM-compatible, hybrid blockchain, equipped with public and private states and interoperable smart contracts. It modernizes the global trade and finance sector through an accessible, efficient, and highly versatile decentralized infrastructure solution. XinFin is designed to complement the legacy financial ecosystem by providing a permissioned blockchain that governments, enterprises and private firms can use to overhaul their tech stack and power a range of novel use cases. XDC is the fuel token of the XinFin network. Much like Ethereum’s Ether (ETH), it is used for paying transaction fees and smart contract operations
About Wanchain
Wanchain, the Wide Area Network chain, is a decentralised blockchain interoperability solution with a mission to drive blockchain adoption through interoperability by building fully decentralised, non-custodial bridges that connect the world’s many siloed blockchain networks. Wanchain empowers developers to build truly decentralised crosschain applications to power the future of DeFi.
Contact:
Temujin Louie
Director of Marketing
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120998
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.
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