Blockchain
SpiderOak Expands Executive Team With Key New Hire
SpiderOak is pleased to announce and welcome Michael Campanelli, who will join the SpiderOak Mission Systems team as the Vice President of Federal, working remotely from the DC Metro Area. Within this role, Campanelli will establish and lead the SpiderOak business in the government market, specifically supporting customers in the Intelligence & Defense communities.
Michael comes to SpiderOak from Prominent Edge LLC where he was the Executive Director of Business Development, responsible for all new business ventures, contracts, marketing, and sales. A former Director on the Board of Directors for the United States Geospatial Intelligence Foundation (USGIF), Mr. Campanelli is a sixteen-year veteran of the U.S. Intelligence Community and has spent his career leading teams in the design and implementation of large-scale systems for the storage, analysis, and exploitation of complex data.
“Michael has the leadership experience, proven track record, and stellar reputation in IC and DoD spaces, which is exactly what we need as we take our business to the next level,” said Christopher Skinner, Chief Executive Officer, SpiderOak. “At SpiderOak Mission Systems Michael will introduce the federal market to a disruptive new technology that helps protect our nation and save lives.”
“I was attracted by the company’s mission to Secure the World’s Data and the commitment that the company has to improve our nation’s security,” Campanelli said. “I believe that truly secure products – on-demand cryptographically secure enclaves – are going to change how the federal government works, shares, and communicates data. This technology is a game changer.”
Campanelli combines his experience in business development and leadership with past experience in a number of other areas, specifically Motion Intelligence, Mission Planning, and Radar. Throughout his career Michael has had the honor and privilege to work both behind a desk and in the field, including the opportunity to spend time at sea on board the Aegis Guided Missile Destroyer, USS The Sullivans. Mr. Campanelli earned a B.S. in Aerospace Engineering and a B.S. in Mechanical Engineering from West Virginia University, a M.S. in Systems Engineering from The George Washington University, completed post-graduate study in Geospatial Intelligence at Penn State University, and most recently completed a course of study in Data Science at MIT.
“We offer a preventive way that stops the pain caused by so few to so many,” added Skinner. “It’s time to embrace new and seek out the root cause of constant failure. We make it possible to operate on any network, creating enterprise controls for distributed systems. Michael Campanelli brings the experience and knowledge needed to fulfill our mission.”
SpiderOak builds need-to-know technology that supports customers working in hostile environments. Traditional systems trust IT infrastructure to maintain the whole security system, even though the news is rife with evidence that this model does not work. Our software combines end to end encryption with a distributed ledger technology to offer best-in-class security with no backdoors.
SOURCE SpiderOak
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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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