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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:

  • 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.   

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

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.

Blockchain

Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

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The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.

The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.

Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.

Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.

Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.

Source: blockchain.news

The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.

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Blockchain

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

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Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.

The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.

Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.

The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.

In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.

Source: blockchain.news

The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.

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Blockchain

Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development

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The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.

Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.

By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.

Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.

The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.

Source: cryptonews.com

The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.

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