Blockchain
NetSepio joins peaq to build a DePIN-powered VPN service
peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as NetSepio joins to decentralize VPN services. NetSepio is building a network enabling anyone to add their bandwidth to its DePIN and provide secure and anonymized Internet access to people and businesses anywhere in the world. It will leverage peaq to build a live repository of the available hotspots and mint its token natively on peaq, the home of DePIN.
Online privacy is one of the top worries of today, spurred by the blossoming AI industry and its gargantuan appetite for data. Virtual private networks, or VPNs, are a crucial tool for anyone who’d like to keep their browsing private, working to obfuscate your location, identity, and IP address. However, centralized VPN services are not without their flaws, with some of them selling their users’ data, which effectively defeats their own purpose.
NetSepio changes the game by tapping the Web3 stack to decentralize the VPN and Wi-Fi services. Anyone can join its Erebrus network and earn rewards for sharing their bandwidth with people who want to privately browse the Web or access geo-fenced applications. Enterprises can sponsor VPN for their end users and expand their reach and user base. The network uses zero-knowledge proofs to ensure the users’ privacy by validating authenticity of nodes and peers. It also leverages community insights to proactively detect possible threats, granting the community an additional level of security. The VPN service runs on NFT subscriptions, which can be purchased with crypto in a pseudonymous way. In its beta phase, it has already onboarded 500 users and has grown to 10 nodes, with dozens more to join.
As part of its integration with peaq, NetSepio will make its network of VPN and Wi-Fi nodes discoverable via peaq, using peaq IDs as its identity standard. It will deploy the smart contracts running its business logic on peaq and add real-time status reporting for the nodes. Finally, it will deploy its dApp on peaq mainnet and mint its token on peaq.
“Our online footprint has never been hunted as vehemently as it is today,” says Shachindra Kumar, CEO and Founder of NetSepio. “NetSepio is here to grant everyone the last-mile connectivity and privacy they deserve, leveraging the DePIN model to give the community ownership over the very infrastructure that delivers it the VPN and Wi-Fi services. By leveraging peaq’s secure, scalable, and versatile network, Erebrus Protocol offers reliable, high-speed Internet access while ensuring data integrity and privacy, perfectly aligning with our mission to democratize Web access and security.”
“Privacy is a core Web3 value, and a decentralized VPN service is perfectly aligned with its ethos,” says Leonard Dorlöchter, co-founder of peaq. “With its Erebrus Protocol, NetSepio is giving the world a community-owned VPN and Wi-Fi service secured by trustless Web3 mechanisms and top-notch encryption. We are thrilled to see it join peaq, the home of DePIN, and look forward to its launch and growth.”
The post NetSepio joins peaq to build a DePIN-powered VPN service 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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