Blockchain
Blockchain-Based Digital Key Platform Developer, “Sesame Lab” launches “KEYRING” in Singapore
Sesame Lab (CEO Damian Kim), a blockchain-based digital key platform company based in South Korea has announced the launch of its KEYRING platform in Singapore.
Sesame Lab’s “KEYRING” is the world’s first digital key platform based on blockchain technology. Aimed at “combining every key in the world into one”, Sesame Lab launched the platform for the first time in South Korea in March and gained more than 80,000 new users in just 5 months.
KEYRING allows the user to access entrances remotely using a smartphone app and also access the entrances to hotels, shared offices, gyms and etc.
To use the KEYRING app, a small, Bluetooth-based smart access device called “DAVE” must be installed on the entrances. The device could be easily added on the upper or lower section of the entrances. The fact that KEYRING could replace plastic access cards and allow the users to safely and conveniently access entrances without the physical contact, is something a lot of users are looking forward to.
Sesame Lab’s launch of the platform in Singapore was made possible when the startup was selected by the Korean government’s overseas market expansion project after being recognised for its rapid growth in the domestic market and global market potential. Singapore is Sesame Lab’s first market outside of Korea and the startup is planning to expand globally using Singapore as the centre of the Asia-Pacific region. F10, a global innovation and accelerator platform headquartered in Switzerland will also offer Sesame Lab mentorship and support Sesame Lab’s successful landing in the Singaporean market.
“We’re launching KEYRING here in Singapore which is considered the Silicon Valley of Southeast Asia. Singapore will be the starting point of our global market expansion and we will focus on our marketing to achieve great results,” said Sesame Lab CEO Damian Kim.
Sesame Lab is a startup founded in South Korea in 2018 and it offers a blockchain-based integrated digital key platform service. The name of the startup derives from the famous magical phrase, “Open sesame” in the story of “Ali Baba and the Forty Thieves”. The startup which holds capabilities to develop both hardware and software security solutions, is carrying out various projects aiming to digitalize all physical keys in the world and to make a “world without physical keys”.
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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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