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Lumino Secure Multi-Party Computing: A New Generation Of Data Security Sharing Solution

Published

3 years ago

on

The Dilemma Of Digital Economy

The most critical and cardinal element of the digital economy is data. Data is the “oil” of digital economy. Hence, utilizing the “data oil” safely and efficiently is the focal point of global economic digital transformation. On the one hand, the digital economy has entered a high-speed development age. The global digital economy has reached 36.2% of global GDP. It is necessary to open up the “data island” among enterprises and establish an open and shared digital resource environment. On the other hand, the public is paying more and more attention to personal privacy and data security, and regulators have introduced a series of regulations to ensure information security. For example, car companies buy parts back and assemble them into cars, the ownership belongs to the car companies, while parts manufacturers also make it clear that once the parts are sold to factories, the factories have ownership. But the data level is more sensitive. Personal data include the face, voice, name, height and other sensitive personal privacy specifics. How to define the ownership of the data between these parties? At present, there are no clear legal provisions, nor the industry has clear answers. In foreign practice, the EU has made very strict data protection regulations, but the entire EU data information technology industry lags behind China and the United States.

Because data protection is too strict, data from different sources do not interact, data is not open and can not interact to generate value and to improve the efficiency of the economy as a whole. The EU is not a good example, because it does not balance the relationship between data privacy protection and the development of the data industry.

Privacy protection and data security need multi-party promotion

Facing the dilemma of data security and sharing, the “available and invisible” secure multi-party computing provides us with an innovative solution.

Secure multi-party computing is a calculation process performed by multiple participants. Multi-party computing technology includes inadvertent transmission, secret sharing and confusing circuit. Multi-party computing has the advantage of high confidentiality and maneuverability, and each party has absolute control over the data it owns. Secure multi-party computing can be applied to networks where participants are not trusted. Participants can know the agreed results of collaborative computation, but they can’t get or deduce the original contents of the data. The flow of data and the collaborative analysis are of great value in all industries, and have brought about a lot of application demands. There are two main scenarios in the market:

1) Data security query

In the big data age, the data that the enterprise holds itself often cannot satisfy the demand of business analysis, many enterprises will purchase the external data to expand the data source. When an enterprise uses an external database to query, it faces the risk of divulging the query condition information. MPC technology helps enterprises to set up a secure query to obtain more external data under the condition of ensuring their own data security, thereby deepening the digital transformation and making better use of big data technology to optimize business.

2) Data joint analysis

Joint analysis often faces two headwinds. On one hand, it is illegal to trade personal privacy information. On the other hand, data sharing makes data-holding companies lose their competitive edge. MPC technology, through inadvertently querying, makes the data not public, the query object not exposed, and the results can be correctly given feedback for, which has an important application in the financial risk control business.

Lumino: new ideas for secure multi-party computing

Lumino is a large-scale activity that uses secure multi-party computing protocols to generate zero knowledge proof system public reference string (CRS) in a de-trust manner, and it is a prerequisite and an important step for deploying and using privacy-related applications in a decentralized ecosystem. The activity now focuses on the PLONK algorithm. As a practical and efficient zk-SNARK algorithm, PLONK is often used in blockchain projects and communities, which is characterized by only one-time initialization process, i. e. running once, it can be used to support a variety of underlying circuit logic and multi-class application deployment.

Lumino’s vision, from the start, was to link the world’s cryptographic geeks to become co-creators and witnesses of privacy computing infrastructure, not just an event but a ritual. We changed the method of centralizing system parameters into a distributed one. For a truly community-based and open-source blockchain ecosystem, each of which is the most critical link, and each participant who joins makes the bottom one safer, which would be a ceremonial collective wisdom.

Lumino is the cornerstone of subsequent de-centering privacy protection applications based on zero-knowledge proof, and the subsequent de-centralization applications will be safer only if the activity is safely completed.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024

Published

24 mins ago

on

April 28, 2024

By

–News Direct–

A Glittering Moment: BloFin Shines at TOKEN2049

BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.

BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofins participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward.

An Unforgettable Night: WhalesNight AfterParty 2024

As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration.

Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media

BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.

The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.

Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.

As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.

About BloFin:

As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users assets.

Contact Details

BloFin

Annio Wu

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/blofin-sponsors-token2049-dubai-and-celebrates-the-sideevent-whalesnight-afterparty-2024-665341179

BloFin

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Press Release

Tax Accountant: Providing Individual Taxation Advice for Small Businesses

Published

1 hour ago

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April 28, 2024

By

Birmingham, UK – 26 April 2024 – The complex world of taxes seems to be a real challenge for the business world. Rapid changes are also a stress factor not only for beginners. That’s why Tax Accountant, a provider of comprehensive tax solutions, is pleased to provide consulting in everything related to the tax field.

Nowadays, the use of a small business tax advisor is a necessity, considering the speed of changes taking place in the business landscape. Financial counseling allows a better understanding of the problems that have arisen, and at the same time, new means of solving or avoiding some financial problems are opened. The Tax Accountant services are specially designed to respond primarily to the needs of small businesses because they need a lot of support to get off to a good start, whatever the direction or type of activity. The team is composed of highly qualified specialists in the business tax field and they are ready to guide businesses, especially small ones, by offering personalized guidance and advice.

Any company at the beginning of its journey needs to make informed decisions, and these can only be made with experience. Experts at Tax Accountant have this power and provide high-quality services to improve the fiscal position of any type of business.

It is important to understand that taxes are the UK government’s largest source of income. As a result, the rules and regulations imposed can be quite overwhelming. Small businesses are the ones that most often face problems in the fiscal sphere. As business tax specialists who enjoy trust among clients, the team engages in various types of services, including the preparation of tax returns or financial planning.

Navigating through the daily complexities of the tax field is a real challenge that can end up bringing down businesses, especially those that don’t have enough training to find quick and efficient solutions. Accurate management of various financial obligations can only be achieved with professional training and rich experience in the field. This is what best characterizes Tax Accountant services. The team is committed to providing each client with all the necessary support, so that they can easily navigate through the difficulties of fiscal management.

About Tax Accountant:
Tax Accountant is a leading provider of professional tax services that focuses on personalized advice for small businesses. Being a good business tax advisor, the company is committed to helping its clients with efficient and comprehensive solutions, but also to making correct decisions when it comes to tax management. The personalized approach is by far the best means by which businesses of all sizes can benefit from precise services.

Media Contact: 

Company Name: Tax Accountant
Contact Name: Aatif Malik
Email: [email protected]
Address: 3 Brindley Place, Birmingham B1 2JB, UK
Phone: 08001357323
Website: https://www.taxaccountant.co.uk/business-tax-services/

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Press Release

HTX Launches New Trade to Earn: Trade BTC with Negative Fee Rates and Share 200,000 USDT Daily with Nonstop Rewards in 7*24 Hours!

Published

3 hours ago

on

April 28, 2024

By

–News Direct–

On April 28, HTX officially launches the brand-new "Trade to Earn" event. While trading BTC with negative fee rates, users can share a daily $HTX prize pool worth 200,000 USDT with non-stop rewards in 7*24 hours. This upgraded event marks a significant innovation in HTX's user participation mechanism. HTX aims to provide more users with diverse and fair participation opportunities and improve their trading experience.

HTX's Trade to Earn event includes spot trading and futures trading. Users can trade BTC/USDT in spot and BTCUSDT perpetual in futures to share respective daily $HTX prize pools worth 100,000 USDT. Participants must have a Rocket count of 300 and successfully register on the event page. After registration, you'll receive a random airdrop reward ranging from 1 to 88 USDT in futures trial bonuses.

In addition to concurrent spot and futures trading, HTX's Trade to Earn proposes an innovative 24/7 reward mechanism. The daily prize pool is divided into 24 portions, with a new portion released every hour to ensure that users have equal participation opportunities at different times. It should be noted that rewards in the hourly prize pool every day are given on a first-come, first-served basis, determined by the actual fee generation time of participants' trades.

According to the announcement, the event runs from 12:00:00 (UTC) on April 28, 2024, to 11:59:59 (UTC) on May 5, 2024. The "Trade to Earn" event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Eligible users can claim their rewards of $HTX after the time.

Furthermore, the reward ratio for Maker orders is 110%, while the reward ratio for Taker orders is 105%. The maximum daily reward per participant is 3,000 USDT for Spot "Trade to Earn" and 5,000 USDT for Futures "Trade to Earn".

Notably, all net fees generated from trading BTC/USDT in spot and BTCUSDT perpetual in futures during the event will be used for $HTX buybacks and burns to support the stable $HTX appreciation.

It is reported that since HTX launched the Spot "Trade to Earn" event, it has garnered broad user participation and received positive feedback. In the recent Futures "Trade to Earn" – Bitcoin Halving Special Edition, 100,000 USDT trading rewards were distributed within 10 minutes. In the future, as one of the world's leading crypto exchanges, HTX will consistently adhere to the principle of prioritizing users, providing users with richer and higher-quality trading services through continuous innovation and optimization, thereby propelling the sustainable development of the cryptocurrency industry.

About HTX Exchange

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. The platform's growth strategy – "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins its commitment to providing quality services and values to virtual asset enthusiasts worldwide.

About HTX

Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.

Contact Details

Michael Wang

[email protected]

Company Website

https://www.htx.com/

View source version on newsdirect.com: https://newsdirect.com/news/htx-launches-new-trade-to-earn-trade-btc-with-negative-fee-rates-and-share-200-000-usdt-daily-with-nonstop-rewards-in-7-24-hours-891177631

HTX

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