Blockchain
TRON Defines the Spend for Its $1,111,111,111 Ecosystem Fund
Geneva, Switzerland–(Newsfile Corp. – April 29, 2022) – TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years.
TRON Defines the Spend for its $1,111,111,111 Ecosystem Fund
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TRON has been a long-time proponent of the decentralization of the Internet via blockchain technology. Since completing full decentralization in December 2021, the TRON DAO ecosystem continues to thrive with fast speeds, high scalability, and low costs.
$600 million will be devoted to broadening the DeFi landscape by investing in a wide range of unique and innovative DeFi projects on the TRON network.
DeFi continues to be a crucial movement for the crypto space as it enables financial services to operate in an open, accessible, and transparent digital form. As a community-governed DAO, powering the future of DeFi is aligned with TRON’s vision of a decentralized future. Thousands of developers worldwide are working towards advancing the DeFi industry, making strides in network security and user experience.
TRON DAO has also established the TRON Grand Hackathon to encourage the evolution of the TRON and BitTorrent Chain (BTTC) ecosystem across the Web3, NFT, GameFi, and DeFi industries. TRON spent $500,000 for Season 1 of the Hackathon and has further allocated $1 million for Season 2. More details will be made public in the coming months.
Compatible with EVM, BTTC facilitates the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain. In the DeFi space, BTTC works as a bridge for industry-leading DeFi ecosystems. Confirmations within three seconds, an average transaction fee of under $.01, and up to 7,000 TPS (transactions per second) are just a few of the major features of BTTC, along with the one-click migration of smart contracts from ETH and BNB networks.
Most recently, a brand new algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of April 2022, it has over 89 million total user accounts on the blockchain, and more than 3.1 billion total transactions.. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
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Media Contact
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122162
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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