Blockchain
HUMAN Protocol Introduces the Routing Protocol, a Decentralized Way to Coordinate Distributed Job Markets
Georgetown, Cayman Islands–(Newsfile Corp. – July 20, 2022) – HUMAN Protocol, a decentralized infrastructure project that aims to reshape how humans work, today announced the launch of a new blockchain coordination layer to handle routing functionality among third-party vendors to power HUMAN Protocol jobs.
HUMAN Protocol
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Known as the Routing Protocol, it sits atop of the existing HUMAN Protocol to enable key features – the discovery of network generators, fee agreement, consensus job standards and proof of balance. It also provides governance support for seamless consensus-based network upgrades.
These features are core elements of HUMAN Protocol’s mission to create a more human world that’s decentralized yet connected, with every viewpoint and background accounted for and represented, and where all value produced is rewarded. The HUMAN Protocol facilitates direct, globally-mapped connections that bring workers closer to the rewards of their work, organizations to workforces, and machines to understanding.
The launch of the Routing Protocol is expected to accelerate adoption of HUMAN Protocol by making it simpler for anyone to operate a network entity such as an Exchange Oracle. As an execution layer, it focuses on coordination between actors participating directly in completion of work. It enables network actors to extend the functionality of their service while remaining compatible with standardized APIs, for example by offering a new job type, and to transparently set their own fee for services.
The Routing Protocol resolves these limitations through its ability to coordinate third party tool vendors such as oracles, job exchanges and L1 integrations for job listings and workpool operators. Third parties can subscribe to the Routing Protocol to participate.
Development of the Routing Protocol is a community-led effort spearheaded by developers and designers from across the HUMAN Protocol ecosystem. It’s an ambitious project that remains a work in progress, with numerous components currently being prototyped by the community. As an open-source project, the HUMAN Protocol invites everyone to participate in public repos and contribute their ideas towards its ongoing development. Clear and open communication is also encouraged to minimize duplicative effort.
The overall design of the Routing Protocol is expected to evolve over time as the individual components are built and refined. Once the basic groundwork has been established and certain milestones are achieved, a blueprint of the technology will be published via a forthcoming whitepaper.
About HUMAN Protocol
HUMAN Protocol is a broadly applicable solution to the management of distributed workforces. It started by bringing hCaptcha – the bot blocker – on-chain, to reward individual workers for the key ML work they were completing by solving these CAPTCHAs. This, however, has become a more broad solution to the tokenization of any contribution; and, therefore, the ability to orchestrate the management of that work, the evaluation of it, and the reward of micropayments to many individuals.
In this sense, reviews are just another form of work, or value contribution, that can be rewarded via blockchains. HUMAN anticipated the applicability of such a project in their blog release about the potential of projects, like VeritaTrust, made possible by blockchain technology.
Media Contact
Dan Edelstein
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131391
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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