Blockchain
The Austrian State Printing House (OeSD): Young Demographic Increasingly Drawn to Digital Assets and Cryptocurrencies
A survey among 5,000 Americans conducted by Crypto Radar1 has revealed that 6.2 percent of US citizens already own Bitcoins and a further 7.3 percent are planning to invest in digital assets. Young men aged 25 to 34 made up the group were most interested in digital investments. In this demographic, 11.6 percent are thinking about acquiring Bitcoins. This shows that young people are increasingly drawn to digital assets, particularly in comparison to established investment formats such as shares. A Gallup survey2 conducted in the US in 2017 found that in the youngest group of respondents (18-34 years), roughly 24 percent were convinced that shares were the best choice when looking for a long-term investment. Also in Europe, where interest rates are stagnating at their present low, more and more people are considering digital assets as an investment option.
Secure storage of digital values is becoming an issue
Youniqx Identity AG, a subsidiary of the Austrian State Printing House, has developed a solution for storing digital values such as cryptocurrencies in the blockchain in a highly secure and forgery-proof way: Chainlock allows for secure offline storage of Bitcoins, Etherium and other digital assets. The process of key generation is one of several features increasing security. To manage their assets stored in the blockchain, users always need a so-called “private key”. Any person who knows this private key has access to the digital values. As a result, the private key is a popular target of cybercriminals. Particularly private keys that are stored on several online platforms or that are connected to the Internet in any other way are prone to cyberattacks. A recent case reported by the Wall Street Journal3, where bitcoins with a worth of about 24 million dollars were stolen, just underlines the threat for private keys.
At chainlock, the private key is generated in the high-security zone of the Austrian State Printing House in a process that is fully offline. Multiple security measures ensure that not a single person apart from the chainlock user, not even staff at the State Printing House, has access to this highly sensitive private key. “With chainlock, we have created a highly secure solution for safely storing digital assets that is suitable for anyone who owns Bitcoins or other digital values. Using chainlock is easy and always a safe bet even for those less IT-savvy,” CEO Lukas Praml says. Handling and storing the chainlock card is easy and does not require any specialised IT skills.
Highly innovative and highly secure
In this way, chainlock offers a highly innovative and highly secure solution to prevent the theft of cryptocurrency. For this reason, it is an attractive solution for all those interested in digital assets in the light of current interest rates.
Advantages of this B2B product:
- Key generation in a high-security zone: the generation procedure, for which a patent application has been filed, ensures that nobody can view the key pair – not even youniqx Identity AG staff.
- Effective counterfeiting protection: the security seal ensures that nobody can secretly read the private key.
- 100% offline: unauthorised access to the private key via internet, WiFi, NFC, CryptoLocker, private-key scammers, etc. can be ruled out.
- Water- and heat-resistant: the new credit-card-sized chainlock card is robust and handy.
- 100% independent: the private key’s owner benefits from coins created due to forks.
- Simple use: IT knowledge is not required (find the app at chainlock.com/app).
- 100% user autonomy: nobody but the owner can use the private key.
B2C: chainlock is available via various partners such as Tokenize Exchange in Singapore and Coinfinity in Central Europe.
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
-
Blockchain6 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases5 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain5 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain7 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain Press Releases5 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain Press Releases6 days agoBybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
-
Blockchain7 days ago
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
-
Blockchain Press Releases6 days ago
Bybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown
