Blockchain
Oraichain Launches Rebranded DINO Hub To Transform The Web3 Creator Economy With Data & AI
Tortola, British Virgin Islands–(Newsfile Corp. – June 1, 2022) – Oraichain, the world’s first AI Layer 1 for Data Economy and Oracle services, announced today the arrival of DINO Hub (Data Intelligence and Oracle), a web3-inspired platform that aims to expand the lifecycle of data and AI to the blockchain industry.
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DINO Hub is a newly launched rebrand of Oraichain’s original Data Hub, structured with one main portal, the DINO Center, and two satellite ports, Data Marketplace and AI Marketplace. The DINO Center will play a key role in Oraichain’s mission to build a bridge to connect AI to smart contracts. It aims to be the go-to center for creators and builders of intelligent systems in Web3, providing access to crowdsourced tools for creating datasets, analyzing data and training AI and machine learning models.
As for the Data Marketplace, this is a portal that’s dedicated to data-focused businesses involved in buying, selling, requesting and staking. Unlike conventional data marketplaces, DINO Data Marketplace is focused specifically on test case data that can be used to validate the robustness, accuracy and generalizability of AI models in a decentralized fashion. Oraichain foresees a big demand for trusted AI models in the decentralized application space and Data Marketplace aims to fulfill this need.
The DINO Hub AI Marketplace enables the exchange of AI services. It will serve as a one-stop shop for AI solutions that can seamlessly integrate with smart contracts to be embedded directly into business. Within the AI Marketplace, there will be specific AI service categories for “defending” and “automation” that helps developers to quickly find what they’re looking for.
Oraichain is rebranding Data Hub for both technical and pragmatic reasons. From a technical perspective, it makes sense because the DINO Center, Data Marketplace and AI Marketplace each appeal to a different technical base – for example, labeling tools and analytics tools require high-level backend specifications, while the marketplaces place more emphasis on the user experience. On a pragmatic level, DINO Hub introduces many innovative concepts and functions, and so the division of services provides a friendlier interface and more seamless navigation of the various features it offers.
DINO Hub will enable the Web3 developer community to contribute to the ecosystem. Users can contribute to DINO Hub as an annotator, labeling data and creating test cases. Data providers can provide datasets and AI services to the Oraichain community via DINO Hub’s marketplaces, and users can also request data, conduct online surveys or outsource AI solutions. Other ways to participate include testing AI services to validate AI models and integrating dApps with DINO Hub’s oracles.
Oraichain’s DINO Hub, Data Marketplace and AI Marketplace will launch in the second quarter of 2022.
About Oraichain
Oraichain is an AI-Powered Oracle and Blockchain Ecosystem. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr Chung Dao, Oraichain’s mission is to be the portal between AI and blockchain technologies, aiming to revolutionize the AI, DeFi, and Blockchain industries.
Contact:
Duc M. Tran
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126146
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
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