Blockchain
CoinAnalyst Rolls Out New Data/AI Engine for Insights
CoinAnalyst provides a detailed update on their Insight platform’s backend architecture
Toronto, Ontario–(Newsfile Corp. – September 15, 2022) – CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (“CoinAnalyst” or the “Company“), a company that provides an artificial intelligence-based big data analytics platform which delivers detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators to investors in the digital asset sector and other industries, is pleased to announce the release of the new AI-based big data analytics platform’s backend.
Many months in the making, the development team has completed an extensive overhaul of the CoinAnalyst Insights backend architecture.
The entire system behavior has been reengineered from the ground up to provide a fully distributed architecture. The new messaging bus and database storage provide an effective way to now retain far more documents and scale horizontally, increasing storage capabilities from gigabytes to petabytes. Also noteworthy is the fact that the number of messages has been significantly reduced and the lightweight bus has lowered the load on the database, enabling an increase in the overall throughput of the system.
The new plug-in architecture allows developers to add extra steps to the document processing flow and mix different environments for the most suitable tool handling a task. Previously, the CoinAnalyst development team could only work with Java-based applications. Through the universal message bus, they can now include tasks in Python or C++ to gain better performance or features that are not available in the form of Java packages. This gives the team access to a wide range of AI solutions developed by the Python and C++ communities. This extensible architecture also makes it easier to implement support for new data types and incorporate them into the system with ease.
In addition, index-level deduplication ensures that there is only one version of a document associated with a URL in the index. This greatly improves storage utilization, as the data stored or transferred is greatly reduced.
CoinAnalyst’s Rest API has been updated and improved to feed both institutions and exchanges with data. The platform can provide structured sentiment values from the text in news and comments. The social buzz values can be used for trading strategies and quant algos.
“Our developers have worked really hard on the backend architecture, and the terrific results reflect this hard work. This investment has more than paid off as we strive to offer the best solutions to our platform users,” said Pascal Lauria, CEO and Co-Founder of CoinAnalyst.
About CoinAnalyst
CoinAnalyst provides an artificial intelligence-based big data analytics platform that enables investors in the digital asset sector and other industries detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators.
The platform monitors and analyzes real-time data from the digital asset market. The software monitors news sources, tracks influencers, scans online social media, and provides sentiment analysis, forecast and trade signals on the top 300 digital assets (more are added regularly). Additionally, the software system provides news, price quotes, and allows for messaging.
The SaaS platform is accessed through a monthly subscription model, which ranges in price depending on whether the plan is basic, professional, or corporate. To learn more about CoinAnalyst: www.coinanalyst.tech
For more information, please contact:
Pascal Lauria
CEO and Co-Founder
Email: [email protected]
Phone: + 49 69 2648485 – 20
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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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