Blockchain
Acurast joins the peaq ecosystem to decentralize cloud computing for DePINs
Acurast will explore outfitting the devices on its cloud computing DePIN with peaq IDs, deploy its data oracle on peaq, and open its off-chain computing layer for real-world apps on peaq to use.
peaq, the blockchain for real-world applications, announces an expansion of its ecosystem as Acurast joins in to decentralize cloud computing. Acurast is a distributed serverless cloud service turning regular smartphones into a decentralized physical infrastructure network (DePIN) for computation. As part of the integration with peaq, it will deploy its versatile oracle on peaq, offer its off-chain computing layer to peaq-native DePINs as an alternative to centralized cloud services, and tap peaq IDs for the devices on its own DePIN.
The cloud market is booming, expected to exceed $1.2 trillion by 2028 as cloud computation remains the de-facto industry standard for the apps we use in our daily lives. Even Web3 apps aren’t immune to this, with many of them relying on centralized cloud service providers such as Amazon Web Services for their hosting and computational needs. However, centralized cloud servers have a variety of drawbacks, from cost and scalability issues to a lack of true ownership and privacy.
Acurast is reimagining cloud computing with its mobile-first DePIN offering a variety of services, including distributed compute for Web2 and Web3 developers alike, data feeds, and on-demand oracles that can provide data when requested, not at set intervals, like with most Web3 oracles. It is joining the peaq ecosystem as a distributed cloud service provider for DePINs building natively on peaq.
As part of the integration, Acurast will deploy its oracle on peaq to provide it with on-demand off-chain data. It will also open its network for DePINs building natively on peaq to enable them run their off-chain components in a decentralized, Web3 manner. Further on, it will explore outfitting the smartphones on its DePIN to verify the data broadcast by these devices and enable communities to collectively purchase and own devices.
“We are thrilled to be joining the peaq ecosystem, the thriving home of DePINs,” says Alessandro De Carli, Co-Founder of Acurast. “We view distributed cloud computing as a major step toward true decentralization and are looking forward to unlocking this technology for the DePINs on peaq — and tapping peaq’s Modular DePIN Functions for our own DePIN.”
“Web3 cloud computing is a vital service for making dApps and DePINs truly decentralized,” says Till Wendler, co-founder of peaq. “We are thrilled to see Acurast join the peaq ecosystem and are certain that it will create a lot of value for the DePINs on peaq and for the community.”
The post Acurast joins the peaq ecosystem to decentralize cloud computing for DePINs appeared first on HIPTHER Alerts.
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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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