Blockchain
Elan Future Successfully Prevents Harmful Trading Activity
Granby, Quebec–(Newsfile Corp. – February 6, 2023) – Elan Future Inc. has successfully identified and ward‐off harmful trading activity related to the $ELAN token listed on exchanges BitMart and WhiteBIT.
During Elan investigation it is observed that:
- Unusual Sell orders were posted on WhiteBIT on February 1st, 2023, for a total of 36’000 $ELAN. The combined orders were anomalously large in view of trading activity and patterns.
- WhiteBIT quickly blocked the Sell orders and locked the seller’s account after Elan’s team brought the suspicious trading order to their attention.
- Elan Future investigated the suspicious trading activity and obtained confirmation that the tokens had been deposited from a BitMart account to a WhiteBIT account earlier the same day. Elan Future asked BitMart to provide wallet addresses in order to conduct an audit, following which BitMart provided the address of their public wallet.
- Elan conducted an on‐chain audit of BitMart’s addresses and further contacted BitMart for comments. A BitMart agent confirmed that user had bought and deposited $ELAN tokens on their exchange but they had not identified suspicious activities from the user origin account.
- On February 3rd, 2023, a person contacted Elan’s CEO Jerome Malo in a private message on Telegram, using the account @ChadBitMart with bio reference as BitMart’s VP Listing & Biz Dev, requesting assistance to unlock the WhiteBIT account. The person argued that the BitMart’s finance team made a mistake, as their intention was to transfer the $ELAN tokens to a cold wallet. At the time, only about 40’000 $ELAN were deposited on BitMart by all users, including tokens earmarked for marketing promotions.
- The BitMart organisation may have illegally misappropriated, transferred and attempted to trade $ELAN tokens worth $300’000, pending confirmation that BitMart is the beneficiary of the locked account. Elan Future is now considering its options in view of protecting its community, including de‐listing on BitMart. “We are extremely disappointed in BitMart’s unethical behavior,” said Mr. Malo. “Access to $ELAN through Exchange listings, including on BitMart, is important in executing Elan’s roadmap of democratizing stake holding in energy production. However, our objective of a wide and easy access to $ELAN is and should be, subordinated to Elan’s commitment to transparency and fairness.” A limited supply of $ELAN utility tokens have been dropped so far (35 million or 4% of total reserve), for the purpose of large scale blockchain testing and generating awareness on Elan’s projects. Identification of harmful trading was possible thanks to Elan’s active monitoring of all activities on its ecosystem, blockchain, and token.
Elan Future Inc. (Granby QC, Canada) is a R&D company focusing on developing energy production solutions based notably on the principles of parametric resonance. Elan Future believes its solutions, primarily the Apollo power amplifier, have the potential to significantly improve the performance of various electric applications, including generators, EV, solar panels and home backup power packs. The $ELAN utility token based on a decentralized blockchain infrastructure, is intended primarily as a means of payment for the acquisition and use of Elan’s products and services, when released. The Elan token is also intended as a means of exchange allowing transfer of energy‐generation capabilities between members of the Elan community, following launch of the Elan products.
For more information, visit https://www.elanfuture.com/
Transaction Hashes:
Test Tx from BitMart to WhiteBIT:
https://etherscan.io/tx/0xb0224e313c89d5d178792e811289a3747acef963ba8c8d58a30f296a875eb65f
Tx from BitMart to WhiteBIT:
https://etherscan.io/tx/0xbe8331c3fdd13d8037862803008f44a5f2f8ea5ce4efd95d1f648ea591ada698
Contact:
Tarek Al Fakih
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153799
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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