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DragonVein Project exhibits the next generation 5G blockchain product at MWC2019

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DragonVein blockchain is designed to provide video streaming and cloud gaming services using the latest blockchain and 5G technology. VR is going to be the first killer application of the 5G Era, therefore the DragonVein project is combining VR, blockchain and 5G technology to provide the next generation VR entertainment service. With the latest 5G technology, DragonVein blockchain will be able to provide lowlatency and highspeed edge computing service for VR applications. In the near future, DragonVein will provide the blockchain and 5G services globally.

The DragonVein project exhibited the first 5G+blockchain product, the DvBox + miniVR set, at  MWC2019. In the 5G era, DvBox will use 5G edge computing technology and blockchain distributed storage technology to provide low-latency, high-speed, stable and reliable content services for global users. Together with the miniVR glasses, it can also bring the ultimate cloud-based VR experience to users.

DragonVein’s hardware development manager, Shanghai VLAVR Technology CEO Zhang Yue said at the conference that in the 5G era, each DvBox will be a node, and each node can be connected together with 5G networks. While serving global users, it can also support the entire DragonVein blockchain network system. DvBox can remain online with 5G technology and respond to IoT terminals connecting other IoT devices in the 5G era.

DragonVein will establish a large content node in Asia, and will be the first to provide a 5G technology-based blockchain content network, as DragonVein Asia Lab is preparing to start the first test. After the experiment, it will have the first device test in the DragonVein global community.

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The theme of the conference was the communication technology revolution brought by 5G technology. DragonVein, as a pioneer of 5G technology, will continue to bring the latest entertainment experience to users, and will also provide new entertainment methods in the 5G era.

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Blockchain

Daily Crypto News: BlockchainReporter Empowers Crypto Enthusiasts and Traders with Critical Information to Make Informed Decisions

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Blockchain

Alpha Sigma Capital Research Releases May Report on ASC AI Index

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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