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Baseledger Launches High Security IT Synchronization Network, Powered by $UBT

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Today, the much anticipated Baseledger testnet is live and now available to the public. ConsenSys Mesh announced that it will join ProvideUnibright and other companies to support and utilize Baseledger in its projects that aim to be compliant with the Baseline Protocol, a new enterprise systems integration standard. The companies will host the upcoming EthAtlanta event and hackathon on October 1-3 to help developers begin utilizing the network.

Baseledger, an open source project initially developed by Unibright and Provide, is the first public network designed for storing and managing baseline proofs, which are an essential part of synchronizing systems of record across the internet in accordance with the Baseline Protocol. The high-performance, high-availability network provides verified systems integration services at very low cost, without requiring companies to spend time and capital setting it up. Baseledger complies with the Baseline Protocol to ensure that no data is moved from companies’ systems of record onto any kind of blockchain, and proofs cannot be used by an observer to learn anything about companies’ confidential information, relationships or business activities. The network is secure, always-on, and anchored to the Ethereum blockchain using a cryptographic technique called ZK Rollups to prevent tampering with the proofs.

Users storing proofs on the network enjoy fixed transaction fees, denominated and paid in fiat currency. They do not need to hold any form of cryptocurrency to pay for the service. Network governance and transaction settlement are powered by $UBT, short for Universal Business Token, an Ethereum ERC20 token originally issued by Unibright in 2017. Since transaction fees remain stable even if $UBT rises in value, organizations can use Baseledger without concern over price volatility.

“Provide is contributing to the Baseline Protocol to set a new standard in enterprise synchronization. The release of the Baseledger testnet and core bits of the Provide software stack today positions enterprises of all sizes and technological capabilities to adopt the standard and apply it to their own systems and processes. Baseledger adds additional security to the Provide stack to enable a novel zk-zk rollup implementation, which is critical for scaling enterprise DeFi and building new baselined fintech products and services,” said Kyle Thomas, CEO of Provide.

Provide open-sourced key components required for baseline-compliant systems integration, including IdentNChainPrivacy and Vault, to coincide with today’s launch of the Baseledger testnet. This release, which is now available on GitHub, allows developers to quickly synchronize databases, ERP, CRM, accounting, compliance and other information management systems across any set of companies. The testnet will operate for several months leading up to the launch of the production network, which will be powered by $UBT.

John Wolpert, ConsenSys product executive and chair of the Baseline Protocol technical steering committee said, “One of the most important things about open standards and open source is that they help prevent vendor lock-in and lower costs for businesses. But all projects like this require reliable, affordable, and straightforward tools in order to achieve wide adoption. The Baseledger network and the Provide platform are the first to make the benefits of baselining accessible to everyone.”

Marten Jung, CEO of Unibright, added, “With Baseledger we provide the missing link for enterprises aiming for a productive deployment of the Baseline Protocol across a variety of business cases at enterprise scale, powered by an incentivized ecosystem based on $UBT. Baseledger empowers enterprises to overcome restrictions of current public ledgers in terms of transaction costs, performance, compliance, integration and coordination”.

Companies are already starting to use the Baseline Protocol to reduce fraud and disputes, ensure regulatory and tax compliance, synchronize accounts payable, and get access to more favorable financing terms from both traditional and DeFi sources.

Andrei Semonov, Director of Innovation at Coke One North America (CONA) said, “CONA has been working with Provide and Unibright for the past year on the Baseline Protocol. I am excited to see progress on Baseledger and to be one of the first node operators on the testnet.”

ServiceNow, a leading cloud platform that helps companies deliver digital workflows in enterprise operations, has also been working with Provide over the last year. “I am convinced that the Provide technology is able to support many ServiceNow use cases that require business process synchronization and baselining. This enables our customers with the ability to scale integrations across their business networks while effectively addressing enterprise security requirements,” said Nicola Attico, Senior Advisory Consultant at ServiceNow.

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Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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