Blockchain
Stc Bahrain And Aleph Zero Partner To Advance Blockchain DePIN Across The Gulf Region
By joining forces with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to enhance privacy, security, and decentralization in the digital realm.
stc Bahrain, a world-class digital enabler, has announced its partnership with Aleph Zero, a privacy-enhancing Layer 1 blockchain, as part of its Web3 Launchpad program. This collaboration underpins stc Bahrain’s commitment to fostering the growth and development of blockchain technologies across the Gulf region.
Backed by stc’s Web3 Launchpad Program, this collaboration will enhance Aleph Zero’s network by deploying validator nodes, thereby reinforcing the blockchain’s infrastructure with stc Bahrain’s robust digital capabilities. This partnership not only broadens stc Bahrain’s infrastructure offerings but firmly supports a network distinguished for its focus on privacy, scalability, security, and speed.
In an ever-evolving and crowded web3 landscape, Aleph Zero stands out for its technological excellence and outstanding approach to addressing the key challenges of on-chain privacy and enterprise-grade scalability. With a unique consensus protocol, AlephBFT, and a public network that offers robust privacy technology through a combination of Zero-Knowledge Proofs (ZK-SNARKs) and Secure Multi-Party Computation (sMPC), Aleph Zero offers a secure, scalable solution, setting the foundation for private, verifiable transactions without exposing sensitive data.
“stc Bahrain is pleased to welcome Aleph Zero as a Pearling Path Partner within our Web3 Launchpad Program. This collaboration brings us closer to creating a secure and integrated digital ecosystem in the Gulf. Aleph Zero brings valuable privacy-enhancing technology and a scalable, decentralized network that aligns with our goals for a seamless digital future.” said Mr. Saad Odeh, Chief Wholesale Officer at stc Bahrain.
Antoni Zolciak, Co-Founder of Aleph Zero, added: “stc Bahrain is at the forefront of innovation in the Gulf region, spearheading the introduction of Web3 and blockchain solutions. Aleph Zero is delighted to partner with stc, aligning with our commitment to secure, scalable, and privacy-centric blockchain infrastructure. We’re eager to see how our combined efforts will contribute to the advancement of a more secure, decentralized DePIN digital ecosystem across the Middle East.”
As the Web3 ecosystem expands, the need for robust privacy, security, and decentralization becomes ever more critical. This partnership with Aleph Zero aligns with stc Bahrain’s vision of propelling a secure, decentralized Internet of Values forward. Supporting Aleph Zero’s infrastructure, stc Bahrain positions itself at the cutting edge, fostering a digital ecosystem that is both secure and private.
Aleph Zero’s dedication to decentralization, alongside its wide applicability across industries, establishes it as an ideal ally for stc Bahrain. With more than 40 use cases in progress, from secure data exchanges to private voting, Aleph Zero is set to drive significant advancements across the digital landscape.
Source: cryptgodaily.co.uk
The post Stc Bahrain And Aleph Zero Partner To Advance Blockchain DePIN Across The Gulf Region appeared first on HIPTHER Alerts.
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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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