Blockchain
Hyperledger Announces Eight New Members, Including CasperLabs, Banque de France and Central Bank of Nigeria, to Kick off Hyperledger Global Forum
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Today, Hyperledger Foundation, the open, global ecosystem for enterprise blockchain technologies, announced eight new members to kick off Hyperledger Global Forum 2022 (#HyperledgerForum, HGF). The new members include CasperLabs, Banque de France, Central Bank of Nigeria, Digital Identity Laboratory of Canada and DSR Corporation. This line-up underscores the increasingly diverse range of enterprise blockchain applications and technologies in the Hyperledger ecosystem.
A speaker from new member Banque de France will be on stage this morning for a key panel on “The CBDC Journey: Research, Live Deployments, and Policy Considerations.” Other keynotes on tap today include:
- The Evolution of Ireland’s Blockchain Ecosystem – Lory Kehoe, Head of EMEA Market Operations, Coinbase & Founder and Advisory Board Member, Blockchain Ireland
- The Metaverse Continuum Creates a Defining Moment for Blockchain Leaders – Melanie Cutlan, Managing Director, Metaverse Technology Capabilities Lead, Accenture
- Blockchain in Action at Allianz, DTCC and Fujitsu – Bob Crozier, Allianz Technology; Rob Palatnick, DTCC; and Christopher Pilling, Fujitsu; Moderated by Csilla Zsigri, BTP
Free live streaming of keynotes is available here.
“As we will see on stage here at Hyperledger Global Forum, the technology and market landscape for open source enterprise blockchain just continues to get more robust,” said Daniela Barbosa, Executive Director, Hyperledger Foundation, and General Manager Blockchain, Healthcare and Identity at the Linux Foundation. “Hyperledger technologies are playing an outsized role in reshaping existing markets and creating new ones. Our newest members are bringing a diversity of innovation into the Hyperledger community, accelerating the development of open, decentralized technologies that will be the infrastructure for many generations of new services and applications.”
Hyperledger Foundation allows organizations to create enterprise-grade, industry-specific applications, platforms and hardware systems to support their individual business transactions by offering enterprise-grade, open source distributed ledger frameworks, libraries and tools. General members joining the community are BCW Group, CasperLabs, DSR Corporation and Realto Group.
Hyperledger Foundation supports a premier global open source blockchain community that values the contributions and participation from various entities. As such, pre-approved non-profits, open source projects and government entities can join Hyperledger Foundation at no cost as associate members. Associate members joining this month include Banque de France, Central Bank of Nigeria, Digital Identity Laboratory of Canada and International Association for Trusted Blockchain Applications (INATBA).
New member quotes:
BCW Group
“BCW is committed to the success of our clients as they navigate their Web3 transformation. Across many industries, the application of hybrid public/private blockchain architectures leveraging Hyperledger Fabric is pivotal to adopting blockchain technology for enterprises,” said Jeffrey Tchui, Partner, Head of BCW Consulting at BCW Group. “We look forward to collaborating with fellow Hyperledger Foundation members to build key partnerships and find innovative new use cases for Hyperledger Fabric and other Hyperledger technologies.”
CasperLabs
“We are joining Hyperledger Foundation because we are committed to advancing blockchain interoperability to support enterprise operations,” said Medha Parlikar, co-founder & CTO, CasperLabs. “We’ve already found great success working with IBM to demonstrate the first atomic cross-chain swap of fungible tokens between an instance of a Hyperledger Fabric permissioned network and the Casper Blockchain at Davos 2022. In a few months, CasperLabs will be ready with an enterprise-grade production solution for cross-chain transactions.”
DSR Corporation
“Our membership in both the Linux and Hyperledger Foundations is an exciting development for DSR and our decentralized systems division as we’ve been working in the space for over six years,” said Alexander Shcherbakov, Decentralized Systems Business Unit Manager, DSR Corporation. “This is a tremendous opportunity to bring our nearly 25 years of software development experience to the growing number of companies leveraging the Hyperledger Foundation’s ecosystem. DSR is eager to make our contribution to both communities as an official member.”
Realto Group
“We are excited and honored to join the Hyperledger community of DLT innovators and enterprises,” said Prasanth Kalangi, Founder and CEO of Realto Group. “As a tokenization and Web3 technology provider in the global real estate industry, we have taken a leadership role in helping shape and transform the way real estate investing and capital raising is currently being done. And we look forward to collaborating with the Hyperledger community to advance blockchain education and adoption.”
About Hyperledger Global Forum (#HyperledgerForum)
Hyperledger Global Forum is the biggest annual gathering of the global Hyperledger community. It is a unique opportunity for contributors, members, service providers and enterprise end users from around the world to meet, align, plan and hack together in person. The event is open to everyone involved or interested in using, developing or learning more about Hyperledger’s open source enterprise blockchain technologies. Attendees will hear directly from those who are actively developing and deploying Hyperledger technologies as well as technology and business leaders who are shaping the future of enterprise blockchain. They will also have the chance to talk directly with Hyperledger project maintainers and the Technical Steering Committee, collaborate with other organizations on ideas that will directly impact the future of Hyperledger Foundation, and promote their work among the communities.
Event sponsors and partners include Accenture (Diamond and Keynote Translation), Siemens (Platinum), Digital Asset (Gold and Developer Lounge), Zeeve (Gold), AWS (Silver), BONbLOC (Silver), ConsenSys (Silver), Corsha (Silver), Espeo Blockchain (Bronze), Huawei (Bronze), Kaleido (Bronze), DTTC (Diversity Scholarship), IBM (Birds of a Feather), Black Women Blockchain Council (Community Partner), Blockchain Ireland (Community Partner), Blockchain Research Institute (Community Partner), Digital Euro Association (Community Partner), Diversity in Blockchain (Community Partner), European Blockchain Association (Community Partner), Global Blockchain Business Council (Community Partner), International Association for Trusted Blockchain Applications (Community Partner), Kerala Blockchain Academy (Community Partner), Trusted Blockchain Initiatives (Community Partner), Trust over IP Foundation (Community Partner), Wall Street Blockchain Alliance (Community Partner), Blocknews (Media Partner), BeinCrypto (Media Partner), Cointelegraph (Media Partner), CoinSpeaker (Media Partner), Forkast (Media Partner), Ledger Insights (Media Partner) and Merge by Fintech Nexus (Media Partner).
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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