Blockchain
San Marino Approves National Green Pass, Allowing Citizens And Residents To Move Freely
![San Marino Approves National Green Pass, Allowing Citizens And Residents To Move Freely](https://theblockchainexaminer.com/wp-content/uploads/https://rt.prnewswire.com/mt.gif?NewsItemId=EN32196&Transmission_Id=202107070200PR_NEWS_EURO_ND__EN32196&DateId=20210707)
The San Marino Great and General Council approves Decree-Law no. 109 of 16 June, which puts in place its own green vaccination pass. This equips citizens, residents and others vaccinated in the territory with a certificate in line with the EU standards.
The San Marino Digital Covid Certificate covers vaccination against Sars-Cov2, past infection or negative test result, and has a validity of 1 week starting 15 days after the first vaccination dose or 9 months from the completed vaccination cycle.
“The San Marino Digital Covid Certificate is an important tool that aligns the Republic with the technological standards used by the EU, assuring total interoperability while also adding a ‘universal’ certification method based on blockchain technology,” comments Engineer Lorenzo Spadoni, President of San Marino Innovation.
The certificate contains two QR codes:
- The first one aligns with the EU requirements;
- The second one is verifiable by anyone anywhere. This is enabled by a Non-Fungible Token (NFT), i.e. a unique and non-repeatable certificate that guarantees the immutability by being registered on VeChainThor public blockchain.
This innovative solution was developed with the support of VeChain, one of the world’s leading public blockchain platforms. DNV is an independent leader in assessment services and a pioneer in digital assurance solutions.
Renato Grottola, Global Director Growth and Innovation at DNV said: “The San Marino Digital Covid Certificate is an extremely portable certificate. Anyone can potentially verify a certificate without the need to download a specific app. The use of VeChain’s blockchain technology and, in particular NFT, makes it possible to increase confidence in the authenticity of the information.”
A national information system has been set up to make it possible to download the certificate directly from one’s own electronic record. All personal data processing follows GDPR regulations. The minimum set of data required to verify authenticity does not include any personal data.
Sunny Lu, CEO of VeChain, said, “Not long after we brought up the idea of enterprise NFT, the Digital Covid Certificate presents a perfect case in this sector, which is also a new solution to help the government gain ground in the fight against COVID-19. VeChainThor provides a well-balanced infrastructure for government, public and private sectors to work together to create a single, standardized verification system.”
The Blockchain Solution
The San Marino Digital Covid Certificate uses a public key for issuance and validation, ensuring the integrity, authenticity and control of data contained therein. The solution is derived from synergies created among San Marino Innovation S.p.A, the joint DNV and VeChain team and the Secretariat of State for Health of the Republic of San Marino.
According to the Ministry of Health and Social Security, the extremely efficient development is owed fully to the multi-layered, fruitful collaboration between San Marino’s public entities and private partners DNV and VeChain. The solution and technology behind it was presented in June to the WHO at a European Committee meeting as well as the Russian RDIF fund.
Certificate example: https://www.sanmarinortv.sm/uploads/media/media/60/60c0efffdc68c004413824.pdf
The Institute for Innovation, Republic of San Marino
The Institute for Innovation of the Republic of San Marino is a state-owned private company. The Institute has the primary task of creating an ecosystem for the development of innovation in the Republic, supporting the incubation of high-tech enterprises. Moreover, it supports the state in the implementation of innovative technologies at the service of citizens and the public administration.
DNV
DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through assessment and digital assurance solutions, DNV helps companies build trust and transparency around products, assets, supply chains and ecosystems. Combining sustainability, supply chain and digital expertise, DNV works to create new assurance models enabling interaction and transaction transparency across value chains. Drawing on our wide technical and industry expertise, we work with companies worldwide to bridge trust gaps among consumers, producers and suppliers.
VeChain
Founded in 2015, VeChain aims to connect blockchain technology with the real world through a custom-built ecosystem for businesses. VeChain is pioneering the application of public blockchain on real-world use cases, and already works with large public and private companies on a global scale.
Photo – https://mma.prnewswire.com/media/1558795/Picture1.jpg
Logo – https://mma.prnewswire.com/media/738221/VeChain_Logo.jpg
<img ” src=”https://rt.prnewswire.com/mt.gif?NewsItemId=EN32196&Transmission_Id=202107070200PR_NEWS_EURO_ND__EN32196&DateId=20210707″ alt=”” style=”display:none”>CONTACT: VeChain contact: News contact: [email protected]; Business contact: [email protected]; DNV contact: Cecilie Løne, Global Communication Manager, ph. +47 90581704, eMail [email protected]
SOURCE VeChain
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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