Blockchain
Ethanim CEO Takaaki Ansai: The Metaverse must be Fully Decentralized
In a recent interview, Ethanim CEO Takaaki Ansai expressed his views on the development of the metaverse: “Many metaverse products or ecologies are still centralized, which could not be called real metaverse. Only the decentralized metaverse is safe, free and eternal, and that is the real metaverse.”
After years of development, the Internet industry has been in a difficult situation. The technological innovation is needed to enter a new round of growth. In 2021, the popularity of the metaverse concept gives people new hope. The new form of Internet, which brings together many new digital technologies, is leading a new wave of technological innovation. The metaverse concept application innovatively introduces a decentralized economic system based on blockchain. NFT becomes an important carrier of the whole system, which successfully bridges the virtual world and the real world. It makes the confirmation of assets and identity as well as circulation realizable possible.
“At present, although the metaverse concept application chain games in the market introduces a decentralized economic system, many chain games only make the digital assets or NFT assets on the chain. The chain game application itself is still deployed on centralized servers, which cannot avoid the situation of the user assets or game being manipulated by individuals or institutions.” Ethanim CEO Takaaki Ansai said, “Ethanim was born to solve the problem through trusted computing technology and innovative ecological logic. So that the whole of the application is on the chain. It helps the chain games implement decentralization to provide users with a real metaverse.”
It is understood that Ethanim is a new generation of public chains, which is a tailor-made metaverse to support the full decentralization of any large application. It uses an entirely new solution that is different from traditional blockchains. It creates a trusted execution environment and monitoring process for applications – RSM (Reliable State Machine). It places the nodes running applications within trusted constraints, regulates and monitors the code integrity and running state of applications, and ensures that the right applications are running in the right place.
At the same time, Ethanim introduces validators to validate the consensus of the reliable state machine, which ensures the decentralization and security of the system. This validation will be very simple, efficient, and does not affect the system performance, so that there is no need for multi-node consensus on the computation results. It solves the problem of inefficient consensus on complex computation from the origin.
In addition, Ethanim not only makes the nodes trustworthy, but also clones real-time snapshots of the applications and stores them in a distributed manner. The users’ behavioral information, digital assets, and virtual identities will be eternal. Even if the application developer modifies the application rules or suspends the running of the application, any community user can restore the application to an arbitrary state at any time. Therefore, Ethanim has historically made the metaverse applications eternal.
Ethanim enables applications to be “eternal” and “decentralized” by making them “trustworthy at runtime” and “recoverable by anyone when shut down”. With this new application decentralization solution, Ethanim creatively support the decentralization of any large application for the first time. It will become a metaverse infrastructure and portal.
After the launch, Ethanim will focus on the techniques to publish the test network online as early as possible. At the same time, Ethanim also looks for partners to lay a foundation for the future ecology of the metaverse.
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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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