Press Release
Building a machine network based on blockchain to create a new IoT era
Mankind is entering the era of “connection of all things”
Recently, the Ministry of industry and information technology released the key industries and application scenarios of “5G + industrial Internet”, marking that China’s 5G application has shifted from exploration to promotion. 5G has three characteristics: high speed, low delay and wide connection, which will promote the consumer Internet forward to the industrial Internet, and finally build an intelligent world of “everything connected”.
The essence of industrial Internet is to use information technology to closely connect the equipment, production lines, factories, suppliers, products and customers in the industrial manufacturing industry, which is across the equipment, system, and region, so as to improve efficiency and promote the intellectualization of the whole manufacturing service system. The 5G application scenarios released recently, such as collaborative operation and flexible manufacturing, indicating the importance of industrial Internet to achieve broader and deeper social cooperation. It is through this large-scale cooperation that human civilization makes progress continuously.
Large-scale social cooperation could be divided into two patterns: the first is centralized, with hierarchical “command-feedback” chain and mutual principal-agent relationship as the core characteristics. The typical representatives are government, bureaucratic organizations and military units; the second type is decentralized, represented by market mechanism. There is no central planning or unified coordination. The participants of the mechanism, based on cost-benefit calculation, promote the overall interests through automatic division of labor and exchange. On the social level, the efficiency of decentralized market mechanism is higher than that of centralized command mechanism. In the future mass machine equipment connection (mMTC) network, a decentralized and value exchange based large-scale collaboration among machines can be realized by introducing market mechanism. Therefore, the industrial Internet in the digital era is not only the Internet of factory manufacturing, but also a distributed network and governance structure. All enterprises can safely join this network to realize manufacturing services, integrated innovation and value sharing.
Sharing mechanism in large scale machine cooperation
Although large-scale collaboration between machines has great value potentially, it still faces problems such as privacy protection, trust between agents and higher demand of computing power of large-scale collaboration.
Therefore, the solution design of the industry is to adopt the pattern of “machine network + blockchain”. The role of Cloud in traditional industrial Internet, such as using the smart contract based on the blockchain to realize the value measurement, distribution and settlement of large-scale cooperation. Finally, it would make the large-scale cooperation of cross-border and public affairs more credible and efficient.
1) Effective data confirmation
The reason why blockchain has become the key to the future industrial Internet is that it integrates technologies such as cryptography, peer-to-peer network, consensus mechanism, and forms a new way of data recording, transmission, storage and presentation, so as to construct a decentralized pattern, which can effectively confirm the data rights. In the industrial Internet, the integration of blockchain technology can solve the problem of mutual trust and cooperation among multiple players, as well as the problem of industrial enterprises’ control over their own data.
2) Reducing the transaction cost of multilateral platform
With the development of global market and the subdivision of supply chain, the participation cost of complex business activities is no longer “bilateral”, but “multilateral”, and the establishment of trust relationship is more and more expensive. Blockchain technology can build a peer-to-peer and unified platform for business activities. At the same time, it can significantly reduce one of the trust costs in transaction costs to be commercially feasible. Participants in business activities will move from traditional “bilateral platform” to “multilateral platform”. While scale effect is formed, the trust cost will not increase too much.Finally, it will be superimposed into an ecological effect, forming a viable business model.
3) To solve the problem of Isolated Data Island by privacy computing
Although blockchain can play a significant role in solving trust, cooperation and other problems in industrial Internet, it still has some defects in data value mining and privacy protection. Therefore, blockchain also needs to combine with privacy computing. Privacy computing can not only realize data sharing under privacy protection, ensure the authorization of privavy data, but also prevent malicious eavesdroppers or others from accessing the original data or data calculation results. In the industrial Internet, the core data is still kept in the enterprise. Under the premise of meeting the needs of data privacy security, privacy computing enables enterprises to use massive industrial data more efficiently and accurately, solving the problem of Isolated Data Island. Furtherly, it enhance the value of data in the process of sovereign ownership and rights sharing, and realize the two-way empowerment of various enterprises.
PlatON helps intelligent interconnection of Machine Networks
PlatON is a privacy computing network based on cryptography algorithm. As a global leader in blockchain industry, it can effectively solve the problems about Big Data managemen in the industrial Internet by its existing technical advantages, and provide a safer infrastructure based on privacy protection and edge computing capability. Firstly, PlatOn’s powerful encryption algorithm technology can provide trusted device authentication, multi-channel data transmission and data storage services for industrial Internet, and enhance the security of device system; Secondly, PlatOn’s new computing architecture can make full use of the computing resources of adjacent nodes, provide strong computing support for the industrial Internet, and comprehensively improve the timeliness of services. Finally, PlatOn’s privacy protection and multi-party secure computing (MPC) technology can support collaborative analysis of massive data and integration of diverse scenarios
On April 30, 2021, the PlatON privacy AI computing network obtained the community license with 80.6% support rate, and the current pre-deployment network has officially become the main network. PlatON will gradually establish a multi-agent collaboration and computing network for the future, and promote industrial civilization and human society from “interconnection of all things” to “intelligent connection of all things”.
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.
Dubai, United Arab Emirates, September 10th, 2026, Chainwire
The appointment brings a veteran of regulated digital-asset and brokerage businesses to a firm turning its focus from growth alone to the foundations that sustain it.
Tag Markets today announced the appointment of Craig Lund as Chief Executive Officer. Lund will lead the company’s executive team and its next phase of development, working alongside the firm’s founders and existing stakeholders.
Lund brings more than fifteen years of experience across financial services, regulated digital assets, operations and governance, with senior leadership roles at Merrill Lynch, M2, MidChains, BitOasis, and Property Finder. He has helped take multiple regulated financial businesses from formation to licensing across several jurisdictions, has led teams numbering in the hundreds, and has worked within organisations responsible for several billion dollars in trading volume. His experience spans risk, regulatory engagement, cross-border settlement, product infrastructure and the building of executive teams.
At BitOasis, he was part of the leadership team that scaled the business many times over and contributed to securing one of the first in-principle approvals granted by Abu Dhabi Global Market to a digital asset exchange and custodian. At MidChains, he helped build an over-the-counter desk that reached multi-billion-dollar volume within its first year. At M2, he led the group operational structure that took a globally regulated exchange and custody platform from a standstill to launch within months, under multiple global regulated frameworks.
The appointment comes as Tag Markets turns its attention to the part of a brokerage that clients experience most directly. Spreads and platforms are compared in an afternoon; a client’s view of a firm is formed by how quickly a withdrawal is processed and how promptly a support question is answered. Lund’s brief places those measures at the centre of the firm’s priorities and treats them as standards to be defined, measured and continuously improved.
“A broker earns trust in the moments a client feels, not in the ones it advertises,” Lund said. “The next chapter for Tag Markets is defined less by how fast it grows than by how well it runs. My focus is on the operating discipline, the governance and the client experience that let a firm grow across markets without losing the confidence of the people it serves.”
Three priorities define the agenda. The first is operating discipline: clear operating standards and escalation thresholds across the business, so that decisions are taken at the right level and are visible after the fact. The second is the resilience of execution, from order routing and pricing through to the controls that govern how changes reach live trading environments. The third is client service treated as management information, with feedback recorded, measured and reviewed so that patterns are seen early and acted on.
As Tag Markets grows across markets, the demands on its internal systems, its governance and its regulatory engagement grow with it. Lund’s background at the intersection of regulated finance, operational scale and technology reflects the capabilities that matter most at that stage.
About Tag Markets
Tag Markets is an online trading services provider offering access to foreign exchange, commodities, indices and other markets through leading trading platforms. Tag Markets is the trading name of “T.M. Financials Ltd”, incorporated in Mauritius (Company No. C185265), and regulated by the Financial Services Commission of Mauritius as an Investment Dealer (License No. GB21026474). Further information is available at tagmarkets.com.
Contact
Craig Lund
Tag Markets
Communications@tagmarkets.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
AI Risks to Enter 60–80% of Liability and Cyber Insurance Underwriting by 2028, ScienceSoft Predicts
McKinney, USA, September 10th, 2026, FinanceWire
ScienceSoft has released proprietary research on how midsize US insurers will address artificial intelligence (AI) risks in coverage and underwriting through 2028. Drawing on insurance market data, perspectives from industry experts, and ScienceSoft’s experience working with insurance organizations, the research examines whether growing AI-related losses will lead to a new class of AI-specific insurance.
The research forecasts that by 2028, 60–80% of new policies and renewals in errors and omissions (E&O), directors and officers (D&O), employment practices liability (EPL), and cyber insurance will factor AI risks into underwriting. However, ScienceSoft expects most midsize US insurers to continue covering AI risks primarily through existing lines of business rather than standalone AI policies. The research team anticipates AI-specific insurance to grow rapidly but remain a small niche in the commercial insurance market.
ScienceSoft finds that demand for clearer AI coverage is rising alongside AI-related incidents. The research points to a 262% rise in publicly documented AI incidents from 2022 to 2025 and highlights businesses are showing strong interest in protection against emerging liabilities associated with AI. Insurers take several approaches to making AI treatment more explicit, including affirmative policy wording, AI exclusions, specialized endorsements, and dedicated AI insurance products.
At the same time, the research reveals that much of today’s AI exposure remains covered through traditional insurance products. ScienceSoft concludes that AI-specific insurance is unlikely to become mainstream by 2028, despite the projected strong market growth (from $40 million in 2024 to $4.8 billion by 2032, at a roughly 80% CAGR). Yet even at that pace, the segment is projected to account for only around 0.34% of commercial P&C premiums by 2032. The research team expects unclear liability attribution, accumulation risk, limited loss history, and regulatory uncertainty to continue slowing the development of dedicated AI coverage.
The research findings suggest that underwriting will adapt considerably faster than coverage. ScienceSoft finds that insurers are beginning to assess not only whether businesses use AI but also how AI systems are governed, what level of autonomy they have, and what controls organizations have in place. The research team expects these factors to increasingly influence premiums, coverage conditions, and risk control requirements through 2028.
Beyond its market forecast, the research examines what these changes mean for insurers, brokers, commercial insurance customers, AI software providers, regulators, and individuals. In particular, it explores how insurers may need to adapt underwriting and claims processes, why insureds may increasingly require broker services as AI-specific insurance develops, and why AI vendors may become one of the main customer groups for AI liability insurance.
Read the full report for more insights.
About ScienceSoft
ScienceSoft is a Texas-headquartered AI transformation and software engineering company with 37 years of experience in artificial intelligence and 14 years in insurance IT. The company holds the 2025 Global Award for Insurance Digital Transformation Excellence and the 2026 AI Leader Award for Best AI Solution for Insurance. With long-standing experience across AI and insurance technology, ScienceSoft’s experts bring a practical perspective on how emerging AI risks may affect insurers’ operations, technology, and the broader market.
Press Inquiries Welcome
ScienceSoft’s consultants and financial researchers are available to provide expert commentary on AI-related commercial risks and emerging, technology-enabled approaches to AI risk coverage and underwriting. For media inquiries, please follow the link.
Contact
Media and Analyst Relations Specialist
Alexa Tsviatkova
ScienceSoft
adtsviatkova@scnsoft.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
Chicago’s De’Elegance Private Car Service Celebrates 28 Years in Business by Rebranding as ChauXure
Oldest Black-owned, veteran-owned, woman-owned business of its kind in Chicago builds on its reputation for delivering exceptional experiences
CHICAGO—Sept. 9, 2026—De’Elegance, Chicago’s oldest Black owned, veteran-owned, woman-owned private car service, is celebrating its 28th year in business by rebranding as ChauXure and expanding its fleet of luxury cars. Founded in 1998 by Marie Guyton, an Air Force veteran, ChauXure is renowned for delivering exceptional experiences. By branding itself as ChauXure (Show Sure), the company is emphasizing its reputation for precision, reliability, and consistency.
“After almost 30 years in business, we felt it was time to update our brand to reflect the values that we have long embodied as a business,” explained Guyton, who was honorably discharged from the Air Force in 1990. “We work in high-demand environments where timing and execution cannot vary. Our goal is always to set the standard for service, and ensure that every experience reflects professionalism, punctuality, and attention to detail.”
ChauXure handles executive, airport, and group travel. Clients run the gamut from individuals to corporate clients and large-scale events such as the Indy 500, PGA, and WBNA. While based in Chicago, ChauXure frequently operates on a national basis, such as in the case of the SuperBowl and the NFL Draft.
As part of its rebrand and anniversary observance, ChauXure has invested in expanding its fleet of Lincoln Navigators and Mercedes Sprinter vans. The latter can carry up to 14 passengers in luxury style.
To learn more or reserve travel, visit https://chauxure.com/, email info@chauxure.com, or call (708) 765-6255. Service is available 24 hours a day, 365 days a year.
Media Contact
Organization: ChauXure
Contact Person: T. Guyton
Website: https://chauxure.com/
Email: Send Email
Contact Number: +17087656255
City: Chicago
State: IL
Country: United States
Release id: 48943
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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.
Tag Markets Names Craig Lund Chief Executive Officer
Chicago’s De’Elegance Private Car Service Celebrates 28 Years in Business by Rebranding as ChauXure
AI Risks to Enter 60–80% of Liability and Cyber Insurance Underwriting by 2028, ScienceSoft Predicts
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