Press Release
Achieve the secret transaction of digital currency, Red Capital builds PAP decentralized electronic cashier’s check system
How long did the openness and transparency of the blockchain become its own pain point? The blockchain technology that changes the world combines distributed ledgers, peer-to-peer networks, and consensus mechanisms. It has the characteristics of decentralization, anonymity, non-tamperability, and encrypted operations. However, the current mainstream blockchain adopts an open and transparent ledger. Anyone can query the total amount of funds and fund relevance of each address, which is extremely easy to be monitored, and there are programs on the market to monitor specific addresses and transactions, although the addresses have Anonymity, but most digital currency exchanges need to complete real-name verification, so as long as the digital currency enters a centralized exchange or wallet, there is a high probability that the private information of the digital asset owner can be found.
There are hundreds of billions of dollars of digital currency circulating in the market every day, and these transactions are recorded on an open and transparent blockchain ledger. Any user can find it on it, whether it is account balance, transaction records, and capital flow. under the sun. The application of digital currency is an inevitable trend. Imagine that you use digital currency to buy goods in the store in the future. When you pay to the store, the store will know how much money is in your wallet, where the money comes from, and where the money will go in the future. Although the characteristics of openness and transparency help regulatory agencies to conduct supervision, it is a big challenge for user privacy and security. As the number of users and the utilization rate of digital assets continue to increase, the demand for asset security, privacy and stability has formed a market. The pain point is that it needs to be reformed by new technology.
The current “hidden coins” are all built on their own blockchains, and their own digital currency transactions must be used to achieve the effect of concealment, which does not meet market needs. Such as DASH Dash, XMR Monero and ZEC, the market for these hidden coins is not very hot. Most users still use Bitcoin BTC, Ethereum ETH, TEDA USDT or issued based on ERC-20 specifications. Digital currency.
Red Capital and PAP Labs have developed a solution that can be applied to mainstream digital currencies and can achieve decentralization, security and concealment-the “decentralized electronic cashier’s check system”, which is expected to be in the hundreds of billions of dollars. The asset trading market occupies a place and contributes to the implementation of digital currency to solve the privacy and security pain points of future physical transactions.
The decentralized electronic cashier’s check system PAP SYSTEM , named after privacy and protection , is a set of decentralized “electronic cashier’s check protocol”, built on Ethereum In the smart contract, the code is completely open, and the “indefinite bearer electronic promissory note” that does not require a third-party trust basis, adopts the “zero-knowledge concise non-interactive knowledge argumentation” (zk-SNARK) and a mixed data structure, and at the same time guarantees the holding of the promissory note Some of the anonymity, privacy of message transmission, and privacy of data structure provide the most secure hidden transactions to ensure that the platform’s core data information is safe and correct. Even big data trackers cannot track transactions.
Using Zero Knowledge Proof Technology Zero Knowledge Proof Zero Knowledge Proof
is an encryption protocol that allows the prover to confirm the authenticity of the statement to the verifier without revealing any information about the proven message to the verifier. The simplified non-interactive proof of knowledge (zk-SNARK) algorithm in the zero-knowledge proof can be used to prove the declaration of private data, anonymous authentication, anonymous payment and outsourcing calculations, so in digital currency transactions, the availability of funds for user transactions can be checked , Without revealing the identity of the user and how much money is in his account to network participants, so it is very suitable for hiding the amount and flow of digital assets of the user.
If the mixed data structure
only uses zero-knowledge proof of zk-SNARK, it cannot achieve true on-chain concealment, because the data structure of the smart contract is public. If a single transaction is separately coded and recorded in the smart contract, then Just checking the field changes can connect the depositor and the proposer. The PAP system has joined the hybrid collection technology. Anyone who deposits into the contract to generate an electronic promissory note will be added to a growing data structure, and this structure is protected by encrypted calculations, and only the key of a certain promissory note is known. People who use zk-SNARK to send the encrypted key into the contract can verify that the key is indeed listed in the data structure. The entire process, including the key and the data structure, will not be completely encrypted, so there is no way to know After all, the key belongs to which depositor.
The PAP system supports mainstream Ethereum wallets (Metamask, imtoekn) and mainstream digital currencies (Ether, USDT, and ERC-20 digital currencies). Users deposit digital currencies into the PAP system, and a set of encrypted electronic currencies will be generated at this time. The promissory note, when you want to retrieve the digital currency, you can use the group of promissory notes to redeem it to any address in the PAP system. The process is fully encrypted and protected.
- Figure: PAP decentralized electronic cashier’s check logic
The PAP system collects a handling fee of 0.2% of the promissory note value as income for each service, and creates an exclusive token economy, issuing PAP Token secret coins, and when issuing electronic promissory notes, users can obtain PAP Token secret coins as rewards. PAP can be pledged. Based on the spirit of the sharing economy, the fee income will be proportionally distributed to all users who pledge PAP Token. In addition to the pledge, it can also be taken out at will. Users who hold PAP can participate in community governance, and can vote on related governance parameters, including but not limited to currency denominations, number of rights, handling fees, profit sharing ratio, or vote for new ERC-20 specification currencies to be listed.
Red Capital took the lead in supporting the PAP decentralized electronic cashier’s check system. It is the only company that opens up public participation and shares profits, solves the pain points of digital currency payment and creates a new era of digital currency transactions.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Dubai, UAE, 23rd April 2024, ZEX PR WIRE, The first day of the 29th global edition World Blockchain Summit concluded in Dubai, marked by a surge in enthusiasm for the technology’s future in the MENA region. Hosted at the JW Marriott Hotel Marina, the two-day event brought together industry leaders and innovators, highlighting the seamless integration of blockchain solutions into real-world scenarios.
Despite the challenge due to weather conditions in Dubai, the event attendance was remarkable with its turnout, sparking lively discussions, setting a dynamic course for blockchain’s evolution in the MENA region. True to its reputation, the Summit assembled prominent thinkers and showcased groundbreaking ideas. It provided an unrivaled space for attendees to learn, connect, and forge strategic partnerships.
Day one was marked by rich dialogue, inspiring keynote addresses, and forward-thinking ideas poised to expedite the adoption of crucial blockchain trends across vital economic sectors including finance and supply chain management.
In an inspiring opening address, Naveen Bharadwaj, Trescon’s Group CEO, kicked off the summit with a warm welcome, prepping the audience for an immersive exploration of Web3 and the key issues defining the blockchain world
Wolfgang Grabher, Founder, CEO and Chairman, SUN AG, delivered a keynote on how blockchain technology is revolutionizing the food industry. Addressing how 100 per cent token burn gives you food for free while also shining the spotlight on how falling token prices can be a good thing.
The day also featured a compelling panel discussion on decentralized finance (DeFi), led by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector. The discussion focused on DeFi’s transformative impact on the financial sector and the integration of blockchain technology into its development. Panelists including Neeraj Khandelwal, Co-founder of CoinDCX & Okto; Talal Tabbaa, CEO & Co-Founder of Coin MENA; and Bandar Altunisi, Head of Development for Binance in Saudi Arabia, Head of Institutional Relationships for Binance Dubai (FZE), Binance, explored the synergy between DeFi and traditional finance systems.
A highlight of the day was a lively panel debate titled ‘Crypto Payments Evolution: Charting the Course Through Latest Innovations.’, led by Kevin Soltani, CEO, GIMA group. The discussion focused on the rise of stablecoins while examining the rapid advancements in blockchain interoperability solutions in enabling seamless communication and data transfer between networks. Panelist Jehanzeb Awan, Chairman, Crypto & Blockchain Association, Middle East, Africa & Asia; Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC. Circle; Reece Merrick, Managing Director, Middle East & Africa. Ripple, explored the role of CBDCs in reshaping the future of payments.
“We’re excited to bring together leading blockchain minds for another edition of the World Blockchain Summit, shaping the future of the industry.” said Naveen Bharadwaj, CEO of Trescon, “The Summit showcased Dubai’s role as a breeding ground for innovation, driving global blockchain adoption.”
With Day 1 wrapping up successfully, anticipation builds for what Day 2 will unveil. For more details on the World Blockchain Summit, please visit: https://www.worldblockchainsummit.com/
The 29th edition of the World Blockchain Summit is supported by:
Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus
Co-Host – Sun Minimeal
After Party Sponsor – Floxypay
Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex
Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI, Vision Chain
Lanyard Sponsor- M2
Badge Sponsor – Ledn
Lunch Sponsor – Payper
Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin, Build-AI
Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs, Pentagon Games
Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar, Technoloader, Verichains, Vault, Ecotrader.io, Ideofuzion, NuChain, LCX
Official Accommodation Partner- HotelPlanner
Ecosystem Partner – Entrepreneur Media
Business Broadcast Partner – CNBC Arabia
Official Newspaper Partner- The Fintech Times
Official Digital PR Distribution Partner – ZEX PR Wire
ABM Partner- Demandify
Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association
Prime Media Partner- Demandteq
Community Partner – Hyperledger Foundation, THE DIGITAL CHAMBER
About World Blockchain Summit (WBS)
World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.
WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.
For media Inquiries or partnerships please get in touch with:
Shadi Dawi
PR & Partnerships Director
+971 55 498 4989
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UK Airport Rides Announces Exciting Expansion, Transforming London’s Taxi and Minicab Services
London, UK, 23rd April 2024, ZEX PR WIRE, UK Airport Rides, a leading provider of airport taxi and minicab services in the UK, is thrilled to announce a significant expansion initiative aimed at revolutionizing transportation options in London. With a commitment to delivering unparalleled convenience and reliability to travellers, this expansion marks a pivotal moment for both the company and commuters across the city.
As part of this expansion, UK Airport Rides will introduce innovative technologies and services to enhance the customer experience. From state-of-the-art booking platforms to a fleet of modern vehicles equipped with the latest amenities, the company is dedicated to setting new standards in the industry.
“We are excited to embark on this journey of expansion and transformation,” said Azhar CEO of UK Airport Rides. “Our goal has always been to provide travellers with seamless transportation solutions, and this expansion allows us to further our mission and reach more customers than ever before.”
Diversifying their offerings beyond airport transfers, UK Airport Rides is now extending their services to cater to a wider audience, providing transportation solutions for central train stations, seaports, and citywide travel. With a firm dedication to meeting the varied transit requirements of both London residents and visitors, the company is poised to facilitate seamless travel throughout the city.
What distinguishes Of UK Airport Rides is their unwavering commitment to providing exceptional services. Each branch within the UK Airport Rides umbrella prioritizes customer satisfaction, emphasizing reliability, comfort, and efficiency on every journey. Their expansion represents more than just increased choices; it symbolizes a comprehensive enhancement of travel experiences throughout London.
Key highlights of the expansion include:
- Enhanced Coverage: UK Airport Rides will extend its reach to serve more areas within London, ensuring that customers have access to reliable transportation whenever and wherever they need it.
- Cutting-Edge Technology: The introduction of advanced booking platforms and mobile applications will streamline the booking process, allowing customers to book and manage their rides with ease.
- Modern Fleet: The company will introduce a fleet of new vehicles, including eco-friendly options, equipped with the latest amenities to ensure a comfortable and enjoyable journey for passengers.
- Exceptional Service: UK Airport Rides remains committed to delivering exceptional customer service, with trained drivers who prioritize safety, professionalism, and punctuality.
This expansion reaffirms UK Airport Rides’ position as a leader in the transportation industry, setting the stage for continued growth and innovation in the years to come.
For more information about UK Airport Rides and their services.
About UK Airport Rides Company:
UK Airport Rides is a leading provider of UK Airport taxi in London and Surrounding Areas., specializing in airport transfers, seaport Transfers to and from all major airports in UK. With a focus on exceptional service and reliability, the company aims to redefine the airport transfer experience for travellers in the bustling city of London. For more information, please visit – https://www.ukairportrides.com/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Xpress Airport transfer a London Minicab Company Sets New Standard in Travel Convenience
London, UK, 23rd April 2024, ZEX PR WIRE, Xpress Airport Transfer Company proudly announces its commitment to revolutionizing travel convenience for passengers navigating through the bustling airports of London. With a steadfast dedication to exceptional service and reliability, the company aims to redefine the airport transfer experience.
As one of the leading providers of minicab services in the London area, Xpress Airport Transfer Company prioritizes customer satisfaction above all else. With a fleet of meticulously maintained vehicles and a team of experienced and courteous drivers, the company ensures that passengers arrive at their destination safely and punctually.
“We understand the importance of seamless travel, especially in the fast-paced environment of London’s airports,” says Mark Evans, marketing manager at Xpress Airport Transfer Company. “Our goal is to alleviate the stress and uncertainty often associated with airport transfers by providing a reliable and comfortable transportation solution for our customers.”
Xpress Airport Transfer prides itself on delivering exceptional customer service to all its clients. From the moment a booking is made until the completion of the journey, the company ensures that passengers receive the highest level of care and attention. The drivers are not only skilled professionals but also friendly and courteous, making passengers feel comfortable and at ease throughout their journey. Xpress Airport Transfer goes above and beyond to accommodate any special requests or preferences that passengers may have, ensuring a personalized and memorable experience for each traveller.
Xpress Airport Transfer Company offers a wide range of services tailored to meet the diverse needs of travellers, including transfers to and from all major airports in London, as well as custom routes upon request. Additionally, the company prides itself on its competitive pricing and transparent billing practices, ensuring that passengers receive exceptional value for their money.
With a steadfast commitment to excellence and a focus on customer satisfaction, Xpress Airport Transfer Company is poised to set a new standard in airport transportation services. Whether traveling for business or leisure, passengers can trust Xpress Airport Transfer Company to deliver a superior travel experience from start to finish.
About Xpress Airport Transfer Company:
Xpress Airport Transfer Company is a leading provider of minicab services in the London area, specializing in airport transfers, seaport Transfers, And Local Transfer to and from all major airports. With a focus on exceptional service and reliability, the company aims to redefine the airport transfer experience for travellers in the bustling city of London. For more information, please visit www.xpressairporttransfer.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Beyond Centralization: Exploring a New Era at the World Blockchain Summit
UK Airport Rides Announces Exciting Expansion, Transforming London’s Taxi and Minicab Services
Xpress Airport transfer a London Minicab Company Sets New Standard in Travel Convenience
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