Blockchain
Dunya Labs Releases India’s First Infrastructure Tool for Global Blockchain EOS
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Dunya Labs, a blockchain studio in Bangalore, launched its first product today. The product, Eclipse, is an intelligent automated resource management tool for developers and teams building on the EOS blockchain and launched with seven flagship customers from China, Korea, and the US. Dunya Labs is the first company in India to release an infrastructure product for the EOS blockchain.
Eclipse is an infrastructure platform built for a public blockchain called EOS that can be used by decentralized applications (dApp). However, the impact of Eclipse is two-fold: by abstracting away complexity for both users and dApp developers.
The design of EOS blockchain allows many benefits, compared to other public blockchains. EOS is extremely fast and scalable, and is written in C++, a language familiar to many software developers. Some aspects of EOS design resulted in bottlenecks for dApp development and use.
Eclipse is the first product for EOS to completely solve these bottlenecks and offers an end-to-end solution which is completely invisible to developers and users, allowing participants to seamlessly make transactions on the blockchain very similarly to how they interact with applications built on the traditional web.
“Better user experience and developer tooling is what will drive the real wave of decentralized, blockchain-based application adoption. We are very honored at Dunya Labs to contribute to that process. We believe that in the future, blockchain applications will feel just like centralized applications; and we are providing the bridges to make that a reality,” says Cathy Guo, CEO and Co-Founder of Dunya Labs.
EOS is a general-purpose smart contract platform developed by Dan Larimer, who also built application-specific blockchain platforms Steemit and Bitshares. Since the EOS mainnet launch in June 2018, the EOS platform has witnessed explosive innovation, activities and community engagement with over 500,000 account holders, more than 5 million transactions made per day, and one of the most exciting infrastructures and dApp development platforms in existence. (http://www.dappradar.com).
The Dunya Labs team behind Eclipse comes from top global technology product and infrastructure companies. The team has spent years in the blockchain space, and has hosted several in-person, hands-on developer workshops for EOS for hundreds of participants.
In India, less than 1% of the country’s developers have exposure to blockchain development, and experience is limited to platforms such as Hyperledger and Ethereum. Dunya Labs aims to bring India to the global blockchain frontier through community participation, developer education, and now products.
“Eclipse is just the first step towards lowering hurdles for users that come to blockchain from the traditional web. At Dunya Labs, our goal is to help people use public blockchains with ease and ensure they can focus on solving actual problems versus getting stuck with integration or build issues. We do that with our best-in-class engineering team and practices. We take a lot of pride in these,” says Srivatsa Katta, Head of Engineering at Dunya Labs.
SOURCE Dunya Labs India Pvt. Ltd.
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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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