Blockchain
DATS Project joins peaq to build a community-powered cybersecurity network
peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as DATS Project joins to decentralize the cybersecurity industry. DATS Project is building a DePIN of more than 1,000 computers pooling together their resources, including computational power and bandwidth, to create a decentralized cybersecurity engine. As its participants earn rewards for providing their resources, DATS Project renders a variety of security-focused services to Web3 and Web2 clients, including simulated attacks, vulnerability scans, and more. As part of the integration with peaq, DATS Project will bring its DePIN on the network and launch its token natively on peaq.
The cybersecurity market is expected to surpass 424 billion by 2030 as connected devices become evermore ubiquitous in business and personal life. However, centralized cybersecurity services often lack the computational power that hackers bring to the table and do not provide enough transparency, which ultimately results in suboptimal security for companies and private users alike.
DATS Project is building a software ecosystem that enables anyone to join its DePIN for cybersecurity services and earn rewards for helping make the Web safer. At the current stage, its DePIN counts 1,184 computers, with 7,562 CPU cores across those and a combined bandwidth of 48,008 megabits per second. Open for anyone to join by installing the DATS desktop app, it can potentially scale to surpass the capabilities of the world’s largest botnets run by professional hackers. DATS Project already has 14 clients, including projects in AI, energy, commodities, cybersecurity, Web3 gaming, business payments, VR, and more.
The DePIN can simulate a variety of distributed denial of service (DDoS) attacks, which overwhelm the target through sheer scale, and render other services, such as decentralized vulnerability scanning and threat intelligence collection, all conducted faster than in Web2. These services are available through the DATS client-facing app, available to B2B customers on a subscription basis. By leveraging blockchain, DATS Project provides a higher degree of transparency than traditional cybersecurity providers and offers clients NFT-based security certificates after completed tests.
Selecting peaq as the layer-1 backbone for its DePIN, DATS Project will link its desktop app with peaq and deploy the smart contracts powering its core logic on the home of DePIN. It will enable NFT minting on peaq and use peaq to track and manage resource allocation across the DePIN. Further on, it will implement its rewards distribution mechanism on peaq, complete with a rewards calculator, launch the dApp on peaq and mint its token on the network.
“The DePIN model grants cybersecurity providers the capacity and scalability that’s only possible in Web3,” says Serkan Bilen, co-founder of DATS Project. “And peaq, as the home of DePIN, grants a project like ours the fundamentals, growth potential, and DePIN-specific functionalities that no other layer-1 can match. We are looking forward to leveraging peaq’s Modular DePIN Functions as part of the DePIN making the Internet safer for all.”
“Cybersecurity is a crucial industry that stands to gain a lot from the Web3 transparency and scaling capabilities,” says Till Wendler, co-founder of peaq. “We are excited to see DATS Project leverage peaq as the layer-1 for a DePIN transforming this market with community ownership and decentralization.”
The post DATS Project joins peaq to build a community-powered cybersecurity network 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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