Blockchain
Dunya Labs Releases India’s First Infrastructure Tool for Global Blockchain EOS
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.
Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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