Blockchain
SEVENmile issues fraud-proof verifiable certificates using Dock
SEVENmile now issues digital graduation certificates that are fraud-proof and instantly verifiable using blockchain technology.
Zug, Switzerland – 8th September, 2022 – SEVENmile, an experiential learning program in Australia, that helps high-school students learn real-world skills, today announced a strategic collaboration with Dock Labs to issue digital graduation certificates that are instantly and permanently verifiable using blockchain technology. SEVENmile now issues fraud-proof certificates, allowing students to prove their skills throughout their lives and ensure immediate trust with employers.
SEVENmile’s entrepreneurial training program pairs high school students with business owners to teach students problem-solving techniques and help them gain an understanding of real-life business issues. SEVENmile believes that in 2022, a graduation certificate in a paper format has no real-world value to a student. Printed certificates are difficult to verify and, because of that, do not help students prove their skills. Dock Labs’ verifiable credentials platform, Dock Certs, is now enabling SEVENmile to issue hundreds of fraud-proof digital certificates and credentials that students can store on a mobile phone. By scanning the QR Code on the certificate, a hiring company will have immediate certainty and trust that the certificate is authentic.
Degree and certificate fraud is a billion-dollar industry and a growing problem worldwide. Dock Labs uses innovative verifiable credentials and blockchain technology to ensure that digital certificates and credentials cannot be forged and remain verifiable forever. SEVENmile’s graduates will now have a future-proof digital credential that will allow them to create a lifelong record of the skills they learnt and ensure they can always prove it. SEVENmile is collaborating with the New South Wales Education State Agency to expand the program to 1500 high schools by 2024.
“The evolution of Web1 to Web3 has occurred over a couple of decades. From viewing static HTML text content (Web1) to the democratization of personal data (Web3), it has been a wild ride at times. At SEVENmile Ltd, we believe that the move to ownership of our personal data is a vital platform that will help transform how the internet functions and how our data will be protected. We’re applying this philosophy by working with Dock Labs to secure the credentials of students we train.” said Greg Twemlow, SEVENmile’s CEO.
“Working with Greg and SEVENmile has not only opened our eyes to the incredible work they are doing, it’s also shown us the power of verifiable credentials in an educational setting, providing students with tamper proof digital certificates that are completely under their control, respect their privacy, and can be verified instantly” said Nick Lambert, Dock Labs’ CEO.
About SEVENmile
SEVENmile Ltd prepares students to become workforce-ready graduates or next-generation innovators. Student’s skillful, confident mindset exposes opportunities, ignites ambition, and fosters the attitudes and skills that are the pathway to success. The SEVENmile programs are designed for 15-18 year old high school students, and culminates in an event where students present their proposed solutions to the real-world problems of local business owners.
For more information, visit https://www.sevenmile.org.au
About Dock Labs
Dock Labs’ Verifiable Credentials Platform, Dock Certs, provides a highly secure and scalable solution for businesses to issue and verify digital credentials and certificates that are instantly verifiable using blockchain technology. Enabling organizations and individuals to create and share verified data.
For more information, visit https://dock.io
Media Contacts:
SEVENmile Ltd
Greg Twemlow, CEO
[email protected]
Dock Labs Communications
[email protected]
Source: RealWire
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
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
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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