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Blockchain infrastructure and development for the era of utility

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We’re now well and truly into the era of utility for blockchain technology. Going forward, the technical elements, infrastructure, and development of various blockchains will come more sharply into focus.

At this year’s London Blockchain Conference, the technical capabilities of utility blockchains will be the central point of discussion and debate. If you have something to say, this is the blockchain event for you.

An irreversible shift in focus

Back in the early days of the Dot Com era, there was a feeding frenzy. Anyone and everyone bought anything and everything, pumping the prices of worthless companies to ridiculous valuations and making lots of people who did nothing of real value exceedingly rich. The same thing happened in the past decade with blockchain technology.

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However, that era of frenzied speculation is slowly coming to an end. As business giants like IBM (NASDAQ: IBM), international financial bodies like the International Monetary Fund (IMF) and Bank for International Settlements (BIS), and governments from the United Kingdom to the Philippines begin to experiment with and utilize blockchain technology, the focus is shifting to solutions that can deliver on a technical level.

Rather than the circulating supply of coins and technical graphs of prices, serious businesses and organizations are interested in transaction throughput capacity, fees, and whether apps can be built to scale. Reliability, scalability, and legal compliance are important to the organizations now looking at blockchains as the distributed databases and immutable ledgers they are.

This is always the way: eventually, serious players will find legitimate technical solutions, and the real future-building will commence. Some of the use cases being explored currently include creating more transparent supply chains, the tokenization of financial assets like promissory notes and stocks, and even the creation of sovereign nodes linked back to ensure the data integrity of nations.

These solutions will require technically powerful blockchains capable of processing millions of transactions per second for tiny fees. They’ll need blockchains that can make smart contracts with solid foundations they can rely on for years and decades. Few of the current crop of popular blockchains are even theoretically capable of living up to the required standard, but there are some contenders.

Blockchain infrastructure and development at the London Blockchain Conference

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If you realize that blockchain technology will act as a global infrastructure across multiple critical industries and are interested in exploring which solutions can deliver, the London Blockchain Conference is the right place for you.

Taking place May 21 – 23 at ExCel London, the London Blockchain Conference is open to anyone and everyone interested in the real-world use cases of blockchain technology. Far from being a ‘crypto’ convention, it’s squarely focused on the practical use cases of blockchains for governments, enterprises, startups, and others.

Source: coingeek.com

The post Blockchain infrastructure and development for the era of utility appeared first on HIPTHER Alerts.

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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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.

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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.

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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

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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:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. 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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