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.
Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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