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RKVST shows the future of nuclear waste tracking with Zero Trust Fabric

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Digital Catapult publishes Sellafield Distributed Ledger Technology Field Lab report

Cambridge, UK – July 12, 2022 – Zero trust fabric provider RKVST has shown how it can help safely and securely digitise processes for nuclear waste data tracking, creating a secure, irrefutable way to maintain the integrity of data while ensuring visibility for multiple stakeholders and organisations.

Digital Catapult, the UK authority on advanced digital technology, worked in collaboration with Sellafield Ltd, the UK’s largest nuclear decommissioning site, to run a Distributed Ledger Technology (DLT) Field Lab™ to explore how distributed systems and distributed ledger technology can be used to solve current and future nuclear industry challenges. RKVST was selected to partner with Sellafield to solve the challenge of digitising nuclear waste data tracking and Digital Catapult has now published the results of that project in its Sellafield DLT Field Lab Report.

Nuclear waste containers are highly regulated, critical assets. The nuclear industry currently relies on paper-based processes and human verification throughout the lifecycle of each waste container. The challenge was to use advanced digital technologies to create a secure, irrefutable way of maintaining the integrity of this data across extended timelines (from decades to centuries) whilst ensuring visibility for multiple stakeholders and organisations.

RKVST combines cloud-based storage, identity and access management, and permissioned blockchain to deliver continuous assurance in shared asset data. For this project the RKVST zero trust fabric:

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  • Provides global waste asset visibility
  • Ensures compliance with waste acceptance criteria
  • Allows device-agnostic access
  • Delivers continuous information assurance with accessibility, security, and resilience
  • Integrates with industrial internet of things (IIoT) sensors
  • Results in cost savings and process improvements

Jon Geater, Chief Technology and Product Officer, RKVST says:
“With one in every five steps of the overall nuclear waste tracking process currently including a paper form or manual traceability requirement, introducing indelible and persistent audit trails will be critical for the long-term safety and security of the UK’s nuclear waste. Cryptographically protected records provide traceability and information integrity of nuclear waste assets both in transit and in storage at various sites. With a DLT-based system such as RKVST, these events are evidenced by an assured, auditable log of historic events which is an irrefutable and immutable record of what has happened, when it happened, and who was responsible for the event. We feel privileged to have partnered with Digital Catapult and Sellafield to demonstrate the benefits of adopting distributed systems to solve modern day business problems.”

Dr Robert Learney, Head of Technology, Distributed Systems, at Digital Catapult, said:
“There are wide ranging benefits that distributed ledger technologies can bring to the nuclear industry from securely tracking and monitoring high value assets to ensuring the safety of the workforce on site, and we are delighted to have partnered with Sellafield on this ground breaking project. This report demonstrates how cutting edge DLT solutions such as RKVST zero trust fabric can help tackle real life business critical challenges and make a tangible impact on the UK’s nuclear industry.”

RKVST is attending DECOM2022, stand 14, 20 July 2022 and NDA Group Supply Chain Event, 21 July 2022, at The International Centre, Telford, UK.

About RKVST zero trust fabric  
RKVST (pronounced Archivist) is a SaaS platform that bridges the trust gap between enterprises.  Hosted on Microsoft Azure, it delivers the power of blockchain technology through a simple-to-consume API, integrating with any internet accessible application through industry standard authentication and authorization.

Customers use RKVST to solve challenges in handling nuclear waste, software transparency, zero trust connected devices, compliance in construction industries and many more business problems that could be solved if you only knew confidently who did what when to make reliable business decisions with real-time trust context. 

RKVST captures the identity of sources and origin of data (provenance), enforces sharing and visibility rules with strong cryptography (governance), and is underpinned by a ledger that prevents forgery, back-dating, or shredding of evidence (immutability). Together, provenance, governance and immutability bridge the trust gap.   

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About RKVST 
RKVST was founded by experts in IoT, cybersecurity, digital identity and blockchain with a vision to overcome the biggest challenge in digital transformation and connected operations: trust. RKVST products and services bridge the trust gap, enabling developers to build, and business users to control, verifiable digital trust between organizations. To learn more visit RKVST.com

For more information or images, please contact:
Liz Harris, Vice President Marketing, RKVST [email protected]

Peter Rennison or Tracey Treanor, PRPR, [email protected] / [email protected] / + 44 (0)1442 245030

Source: RealWire

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RealWire is an award-winning online press release distribution service with over 15 years of experience, and is first choice for many of the UK’s top agency, freelance and in-house PR professionals. RealWire’s service can increase your story’s coverage and improve your online visibility. The UK’s leading innovator in press release distribution, RealWire introduced the Social Media News Release in 2007 and relevance targeting system PRFilter in 2010.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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