Blockchain
POD: The First Database for Metadata
The Public Onchain Database – or POD – is launching today to make working with metaverse data more easy and accessible. POD is a Web3 project that collaborates and manages all metaverse data (metadata) in a single interface for developers, builders, and users.
Because as the metaverse expands, so do challenges in working with data across multiple locations. For the metaverse to scale and decentralized apps to function, there needs to be a reliable third-party data collaboration platform.
POD meets those needs, as the first comprehensive database for metadata. From collaboration tools to robots and automation, POD is creating a rich data ecosystem for metaverse and Web3 users.
The Three Pain Points of Metadata Management
Any object in the metaverse is essentially metadata. An address, identity, transaction, or NFT all comprise forms of metadata.
Here are the three key metadata pain points that POD solves:
Hard to Find
On-chain data are scattered in contracts on different networks. It’s not yet possible for contracts to obtain all data from one single common environment.
Hard to Relate
Due to the non-relational storage, it’s hard to trace the relationship between two entities or associate entities with their metadata.
Hard to Utilize
Each network or app is unique in data transmission methodology. Thus, data from different sources have to be pre-processed before they can work in tandem.
Why People Need a Metadata Database
To solve the problems of current blockchain data, POD was developed as a neutral third-party data middleware, providing key functionalities and developing the full potential of metadata.
Benefits for Data Providers:
- Increase data searchability
- Provide data conformity system
- Empower NFT with infinite expandability
Benefits for Data Consumers:
- Quick access to multi-chain data
- Easy data category definition
- Tags for data management
And these are just a few. With a robust feature set and benefits, POD will make working with metadata more streamlined and efficient for all Web3 metaverse stakeholders.
The Future
POD’s goal is to bring different parties together and establish a collaborative dialogue to inspire the decentralized community. Together, POD can arrive at an agreed-upon data collaboration standard in an organic, bottom-up manner.
Part of POD’s vision is also to drive the establishment of consensus in metadata collaboration, becoming a critical part of Web3 data infrastructure. POD is unlocking the value of blockchain data and networks, propelling the Web3 data collaboration ecosystem to new heights.
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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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