Blockchain
Synapx joins peaq to build a wearable-based physiological data software DePIN
peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as Synapx joins to decentralize physiological data collection. Synapx is building a software DePIN utilizing health-focused wearables such as fitness trackers, activity rings, and smart watches. Its dApp will work as a decentralized marketplace for anonymized data collected by such devices — a valuable repository for health researchers, healthtech companies, decision-makers, and other entities in the field.
Health wearables are growing increasingly popular — in the US alone, about one in three adults are using one, research indicates. With the rise of AI, an industry living and breathing data, these devices could prove crucial for revolutionizing healthcare with new life-saving technologies. However, various issues, from segmented and siloed repositories to a lack of access and interpretability stand in the way of wider wearable data adoption in modern healthcare.
Synapx is building a software DePIN that will unlock data from millions of connected health wearables to researchers, healthcare providers, healthtech platforms, and other key platforms. It is building a marketplace of physiological data, protected by strong cryptography and orchestrated in an open and transparent way. The people opting to provide data for this marketplace will receive rewards for doing so and will be able to set access rules for their data, choosing who can access it.
The integration will see Synapx leverage peaq ID, outfitting each device on the network with its unique self-sovereign on-chain identifier, and add peaq-compatible wallets to its dApp. It will also use peaq SDK for key system and core function integrations, deploy smart contracts on the home of DePIN, and leverage peaq’s IPFS integration for decentralized data storage. The project will issue its token natively on peaq and set up its reward distribution mechanism on the network as well.
“Easy access to physiological data will revolutionize the way research is done for various institutions,” says Tim Lee, Co-founder at Synapx. “With Web3, we will give people ownership over this data, enabling them to share it with researchers, charities, and healthcare professionals. With its Modular DePIN Functions, high scalability, and a robust data handling toolset, peaq is the perfect home for Synapx.”
“In the age of AI, physiological data from wearable devices is a true treasure trove for the healthcare industry,” says Leonard Dorlöchter, peaq’s co-founder. “Synapx uses the DePIN model to unlock this trove for the medtech space while empowering people to own their wellness data — a true win-win for everyone.”
The post Synapx joins peaq to build a wearable-based physiological data software DePIN 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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