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Blockchain

Ocean Falls Blockchain Integrates Fireblocks’ Technology for Secure Custody

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Vancouver, British Columbia–(Newsfile Corp. – May 10, 2022) – Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce it has integrated with Fireblocks Inc. (“Fireblocks”), an award-winning crypto-technology provider. Using Fireblocks’ institutional-grade digital asset and custody technology and secure transfer platform (the “Fireblocks Network”), the Company will be able to offer secure asset custody and fund management while tapping into the largest crypto-liquidity network.

Fireblocks serves over 1,200 financial institutions and has been used for the transfer of over US $2 trillion in digital assets through the Fireblocks Network. It also offers a unique insurance policy that covers assets in storage and transit.

“Fireblocks will provide an increased level of security for our transactions, allowing for the safe transfer and storage of digital assets. By integrating their MPC-CMP technology, we will be able to improve our wallet security and custodial capabilities. In addition to offering what we believe is the best crypto-technology available to build our custody solution, Fireblocks’ easy-to-use digital asset platform makes integration quick and easy, saving us time and money,” said Kevin Day, CTO of OFB.

The Fireblocks Network secures digital asset management and transfers, allowing institutions and organizations to self-custody their own assets through a combination of Multi-Party Computation (“MPC-CMP”) and Software Guard Extensions technologies for transaction signing and private key management. Through the Fireblocks Network, institutions can tap into the global crypto markets and instantly send and receive digital assets.

MPC-CMP has become one of the primary technologies that wallet providers and custodians are utilizing to secure crypto assets.

In general terms, MPC-CMP enables multiple parties – each holding their own private data – to evaluate a computation without ever revealing any of the private data held by each party (or any otherwise related secret information).

The two basic properties that a MPC-CMP protocol must ensure are privacy and accuracy.

With an MPC-based wallet, the private information held by the parties cannot be inferred from the execution of the protocol. In addition, from an accuracy perspective, if a number of parties within the group decide to share information or deviate from the instructions during the protocol execution, the MPC will not allow them to force the honest parties to output an incorrect result or leak an honest party’s secret information.

“Multi-sig solutions should be seen as legacy software. It is unable to support the needs of businesses today that need to interact with cryptocurrencies on blockchains other than Bitcoin,” said Fireblocks CEO, Michael Shaulov.

“With a diverse portfolio of assets under management, businesses like Ocean Falls require a multi-layer security solution that’s also protocol agnostic. By integrating with Fireblocks, Ocean Falls has that flexibility in addition to the perks of being able to plug directly into the global crypto-markets.”

About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information about Fireblocks, visit fireblocks.com.

About Ocean Falls Blockchain Corp.
Ocean Falls Blockchain Corp. is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in the historic town of Ocean Falls, B.C. The Company is also creating a new sustainable solution for the captive insurance industry. For more information about OFB, visit oceanfallsblockchain.com.

For further information, please contact:
Oded Orgil
Chief Executive Officer of OFB
[email protected]

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to: offering of secure assets custody and management of funds, improvement of wallet security and custodial capabilities and future changes that may be implemented as a result of integration of the Fireblock Network and MPC protocols. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of OFB based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123279

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

HIPTHER and INO Partner for Community-led Business Growth Event in the Baltics

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HIPTHER, the leading organizer of premier Gaming and Technology conferences in Europe, is thrilled to announce its partnership with the Internet Native Organization (INO) for the special side event Fueling Business Growth with Community-Driven Workscheduled take place at the conclusion of the MARE BALTICUM Gaming & TECH Summit 2024 on June 5.

Innovation & Networking in Tallinn

The MARE BALTICUM Gaming & TECH Summit by HIPTHER is a pioneering event series for the Baltic and Nordic regions. Since its inception in 2018, it brings together industry leaders, visionaries, and innovators from iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, FashionTech, Virtual Reality, Mobility, Climate Change, and EdTech sectors.

This year, MARE BALTICUM takes place in cutting-edge Tallinn, where community-driven work has been transforming Estonia to a tech innovation hub.

The Internet Native Organization (INO) is a nonprofit organization born in the heart of Estonia’s digital society with the mission to construct accessible and legally compliant building blocks for advancing global adoption of Internet Native Organizations, guiding the digital era towards a more equitable and efficient future.

Fueling Business Growth with Community-Driven Work

INO partners with Intersect, a member-based organization that puts the community at the heart of their development strategy, and HIPTHER, for their first-ever local Cardano community meetup in Tallinn: “Fueling Business Growth with Community-Driven Work“.

HIPTHER’s Co-Founder and Head of Business, Zoltan Tuendik, will be joining as an expert speaker at the Panel “Community-led Growth”.

Zoltan will share valuable insights from his extensive experience as a community builder uniting the realms of iGaming, Technology, and Compliance through his multi-year activity as event organizer and show host trusted across industries.

​We invite all business leaders, entrepreneurs, academics, lawyers and community advocates to this event, where we will share the tools and knowledge to unlock the power of community-driven work and achieve exponential impact.

Are you curious about how community collaboration can supercharge your business?

Join us on June 5th, after the MARE BALTICUM Gaming & TECH Summit, at PwC Estonia for an exclusive meetup diving deep into the strategies and insights that drive real results!

The event will feature a presentation on the Introduction and Inner Workings of Intersect, followed by a thought-provoking panel discussion with diverse experts who will share their experiences and best practices for tapping into collective intelligence to fuel business growth. Attendees will gain valuable insights into creating a collaborative ecosystem that nurtures innovation and drives progress.

Fueling Business Growth with Community-Driven Work – AGENDA

  • ​6.00 PM: Opening
  • ​6:15 PM – 6:30 PM: “Intro & about INO” / Astra Tikas & Kaisa Keerd, Internet Native Organization.
  • ​6:30 PM – 6:45 PM: “Cardano and Intersect” / Tevo Saks, Cardano.
  • ​6:45 PM – 7:30 PM: Panel discussion: ” Community-led Growth” / INO, Zoltan Tuendik
  • ​7:30 PM – 7:40 PM: Closing Remarks and Next Steps. How can one be involved with Intersect? / Kaisa Keerd
  • ​7:40 PM – 9:00 PM: Networking + food & drinks 

Join us and Stay ahead of the curve:

Learn from industry experts about compliant and practical DAO applications. Network with pioneers from the Cardano community and Estonian DAO enthusiasts. Whether you’re new to DAOs or a seasoned pro, this event has something for everyone!

​Secure your spot today! FREE TICKETS with limited space

The post HIPTHER and INO Partner for Community-led Business Growth Event in the Baltics appeared first on HIPTHER Alerts.

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Blockchain

Ouinex selects Netdania to power their Web3-powered Crypto trading platform

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Blockchain

Africa & Middle East Embedded Finance Business Report 2024: Market to Grow by 36.4% to Reach $13.43 Billion in 2024 – Investment Opportunity Forecasts to 2029

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African & Middle Eastern Embedded Finance Business and Investment Opportunities Market

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