Blockchain
Solidus making waves in the AI sector
Established 2017 Solidus Technologies have been raising funds and working on building a data centre built for the purpose of High Power Computing and processing Blockchain networks along with Artificial Intelligence applications.
The world is changing and evolving into more tech-based living. It is facing an unparalleled growth in needs and desires for computing power across areas such as artificial intelligence, pattern recognition, face recognition, image analysis, transaction validation, deep learning and much more. High Performance Computing (HPC) is already helping in many walks of life, such as social media, healthcare, mobility, communication networks, financial services, industrial processes and scientific progress.
HPC is used to describe the deployment of a sever estate and supporting infrastructure the function of which is to carry out large volume of compute tasks very quickly. In order to get the required level of performance the use of GPU (graphic processor Units) is used, the chips are capable of processing large blocks of data very quickly due to the highly parallel structure. Primarily used to manipulate computer graphics, these processors were developed to render and process millions of polygons per second and accelerating the memory intensive work of texture mapping. The complex and matrix like nature of these calculations have led to engineers and scientists using GPU based systems to perform non-graphical calculations.
GPUs have also become priceless for the artificial intelligence (AI) and machine learning space. We have seen the demand for new algorithms and processes to help in science, technology and machine learning grow exponentially over a short space in time. With new adaptions on computers, smart phones and smart technologies such as alexa and smart TV’s, AI is now shaping the way we live our lives and will be ever increasing as time goes by. Data scientists and AI researchers have used GPUs for machine learning to streamline a series of processes and applications, such as speech recognition, natural language processing, image classification, and video analytics among others. The highly parallel structure of GPUs makes them much more efficient for algorithms than CPUs, which is why the AI industry finds them indispensable. Companies like IBM, Facebook, Adobe, Baidu, and Microsoft started to use GPUs for their machine learning projects and with this through Optoelectronica which is owned by the joint venture manager Adrian Stoica Solidus Technology will be tasked to process the satellite data under a Research Programme financed by The Romanian Space agency better known as ROSA.
Scott Cannon, Director at Solidus has said “I am delighted with the way things are moving forward for the company, we are currently speaking with some very well known organisations in regards to their Artificial Intelligence needs and with us now Helping ROSA the potential for us to expand in this space is increasing. It’s a great revenue stream for Solidus and I’m looking forward to gaining further partnerships as the demand in this sector is huge right now.”
Since 1991, the coordination of the space activities in Romania and stronger collaboration in European and international space programs is achieved through the establishment of the Romanian Space Agency (ROSA), within the Ministry of Education and Technology, which was reorganised in 1995 as a public institution entirely self-funded, operating under Government Decision and the subsequent decisions of the Ministry of Education and Research – National Authority for Scientific Research and Innovation.
As a government institution, ROSA has concluded international agreements on behalf of the Romanian Government. The first agreement between Romania and the European Space Agency (ESA) on space cooperation for peaceful purposes was signed in Paris on 11 December 1992 and ratified by Law no. 40/1993, event that marked the beginning of the Romanian participation in several research projects together with other European countries. In 1999 was signed the Agreement between Romania and ESA on the Cooperation for peaceful exploration and use of outer space, an event which increased the opportunities for collaboration between the industrial community in Romania and ESA.
The Romanian Commission for Space Activities dealt also with international agreements. Romania was among the first Eastern European countries to sign collaborations with NASA in the 70s, taking and processing the images from Americans satellites. Romania also had agreements with countries in western Europe, such as the agreement with France, through which the Romanian specialists were sent to Toulouse to prepare in the satellite remote sensing field.
Solidus Technology are actively seeking further contracts or Letters of intent from other well known organisations to utilise there processing power for their HPC and AI needs
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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.
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