Blockchain
HitBTC Exchange Lists the Crown Sovereign (CSOV) Quantum-Resistant Cryptocurrency on December 23, 2021
Crown Sovereign (CSOV) token, innovated by Crown Sterling Limited LLC, an encryption and digital asset solutions provider, is listed on HitBTC Exchange beginning December 23, 2021. The CSOV token is backed by a quantum-resistant blockchain security protocol, developed exclusively by Crown Sterling. CSOV has been successfully engineered to be the first blockchain utility for One-Time Pad encryption, enabling secure communication, data protection and control.
CSOV enables token holders to pay for the secure transmission of their data with each transaction on the Crown Sterling Wallet, Crown Sterling’s native data transfer and messaging application. With data emerging as the most valuable asset of the digital age, the CSOV serves as a tool that will enable individuals to protect, control and monetize their data in an era of largely unregulated big tech vulnerability and monopolization.
The Crown Sterling chain is a live network on the Polkadot blockchain and is the first to implement quantum-resistant, One-Time Pad encryption as an option for a blockchain’s state transition function, which is the process flow of transactions on a network. Crown Sterling is built on Polkadot to enable high speed, concurrent transaction, and integration of custom encryption solutions, which Polkadot permits.
“The token is backed by real utilities: quantum-resistant cryptography and quantum-resistant NFTs as well as other future compression technologies. With CSOV, consumers will be able to NFT their own digital assets, including data, empowering original producers with the ability to claim, protect, control and monetize their digital assets. We are excited about the expanding utility of our tokens through our broad product offering and continuing development efforts,” said Robert Grant, CEO and co-founder of Crown Sterling.
For more on CSOV and data sovereignty technology, please visit https://csov.crownsterling.io/csov and read the White Paper. For announcements and updates, join the Telegram channel and follow CSOV on Twitter.
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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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