Blockchain
Concordium Announces Second Public Testnet Launch, Introduces Game-changing Identity Features
Concordium, has released its second Testnet with an innovative Identity Layer deployed at the protocol level. This release includes among other features, a mobile app that enables users to create, deploy and manage Identity objects using zero-knowledge proofs.
“Concordium is an upcoming public permissionless blockchain with user identification built-in at the protocol level to meet regulatory requirements. The core of our ID vision is that you can stay private but not anonymous. Compliance is on top of enterprises agenda and our blockchain will fit nicely into their product suites enabling new business models. This is why it is so important for us to invite the public to test our Identity system and stress-test our network,” Lone Fønss Schrøder, Concordium’s CEO.
Concordium’s regulatory-compliance vision becomes particularly important as global regulators are working on extending the anti-money laundering regime to include cryptocurrencies.
“Concordium’s identity layer provides a compliance-centric balance between privacy and accountability, and it solves regulatory issues related to anonymity with permissionless blockchain. Protected by zero-knowledge proofs, a user’s identity is private on-chain, however, this privacy can be revoked and their real identity revealed by trusted parties in response to a valid request from a public authority, via established legal channels. Concordium’s identity layer accommodates identity providers and anonymity revokers based in different jurisdictions around the world. As such, the Concordium Platform offers a global, multi-jurisdictional solution to the adoption of blockchain technologies across regulatory regimes.” says Torben Pryds Pedersen, Concordium’s CTO.
Besides the Identity feature, Concordium Testnet 2 provides a demo Web Wallet, a network dashboard with a block explorer, a node software in a dockerized container and tools for interacting with the container. Furthermore, users can send and receive testnet-GTU tokens and stress-test the transactions’ layer.
Concordium invites the public to join its second Testnet by baking new blocks, stress-testing the network, using the app and playing a part in the novel finalization protocol. You can join the Testnet here: https://developers.concordium.com/testnet/
For more information, visit https://www.concordium.com/
Torben Pryds Pedersen, CTO of Concordium, Beni Issembert, CMO of Concordium and Lone Fønss Schrøder, CEO of Concordium, are available for interview.
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
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.
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