Blockchain
Dain Leaders to conduct a PoC of blockchain technology of its International Student Matching Platform
Dain Leaders, a global leader in the blockchain edu-tech industry, has announced that it performed a proof of concept of the blockchain technology behind its international student matching platform.
The blockchain PoC is a project run by the National IT Industry Promotion Agency(NIPA). Dain Leaders performed the blockchain PoC of its digital history management platform for foreign students, which is expected to lower the administrative burdens associated with confirming the authenticity of documents during the admission process and to increase the reliability of the admission process.
In the past few years, the number of students interested in studying in Korean universities has rapidly increased. Indeed, a study found that there were 160,000 students from 180 nations enrolled in Korean language or bachelor’s degree programs in Korean universities as of this year, indicating the intense competition.
However, there have been recent cases in which the international students submit false or forged documents to work illegally, causing higher education institutions including universities to look for solutions. Moreover, due to COVID-19, many schools are experiencing financial hardship related to the decreased number of students and tuition freezes, creating cases in which school employees serving as brokers for illegal employment.
These problems can be solved by the digital history management platform for foreign students. By comparing the original files that are recorded as hash values on the blockchain and the files that are submitted from the universities for a review, the file’s authenticity can be confirmed.
Moreover, as the untact processing is increasing in the education industry, the platform is expected to serve as the new access point for the administrative tasks that were previously performed in-person.
“This blockchain PoC is to provide the solution for managing foreign student’s history and to reliably certify the documents. Even after this PoC, we plan to advance our technology by reflecting the feedback from its users including foreign students, the educational institutes, and the educational consulting firms,” said Lim Moo-ho, the CEO of Dain Leaders.
Dain Leaders is an edu-tech company that is leading the global education industry with its untact and big-data technology. It is dedicated to developing optimized and customer centered systems in various industries including domestic and international educational centers and corporations.
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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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