Press Release

“Data Island” Problem Can Be Solved by Combining Privacy Computing AI and Blockchain Technology

Published

2 years ago

May 12, 2021

Platon Now Offers Breakthrough Solutions to Break the “Data Island” and Release the Value Potential

During the COVID-19 pandemic, medical networking services developed rapidly, and big data played a key role in the development. In the medical industry, new medical models and cutting-edge research also require a large number of patient data to verify. However, due to the lack of effective privacy protection, data cannot be shared, resulting in the “data island” phenomenon, which has become a big problem to be solved. At the same time, the widespread use of medical big data also triggered the issue of privacy leaks and data abuse, and raised social concerns about data security and privacy protection.

These problems exist not only in the medical industry, but also in other industries. Citing the protection of trade secrets and refusing to trade their own data, government departments are also reluctant to share data because of security, interests, technology, and other concerns. This exacerbates the “data Island” problem, which restricts the maximization of data value.

In the current data market, users produce new online data every day, but they do not own the data. Data is held in the hands of each independent collector, resulting in the compartmentalization of data ownership, which is referred to as “data Island.” The lack of data privacy protection and sharing mechanism is the main obstacle for data authentication.

Blockchain provides an opportunity for data validation. Blockchain is a distributed ledger technology designed to realize transaction accounting through the joint participation of multi-nodes, and each node account is complete and cannot be tampered with. This helps in integrating users into the three-party governing account for insusceptible and uninterrupted data production, data monopoly and data use.

Through node authorization, the final data income is shared among the parties in proportion to realizing the sharing of data ownership. Although transaction information is shared in this process, account information is highly encrypted. Therefore, zero-knowledge proof is an effective strategy to protect the privacy of accounts. Zero-knowledge proof is to make the verifier believe that he has certain knowledge or ability without providing any useful information to the verifier, for example, to realize the asset transfer without disclosing user identity.

Blockchain technology can be widely used in equipment authentication, communication encryption and other areas to provide a strong support for breaking the “data island” and promoting data transactions.

Privacy computing brings solutions

The realization of data sharing transaction and potential value release happens on the value chain of “property right confirmation – privacy protection – co-computing – value sharing.” The scheme, which is widely accepted by finance and blockchain industry, is based on the solution combining privacy computing and AI, which is a new way to solve security problems such as key management, by integrating multiple cryptography algorithms with frontier blockchain technology. Public chain PlatOn is the pioneer that set a precedence of multi-party secure computing (MPC) and other cryptographic algorithms into the key management system (KMS), which realizes the management of massive scale digital assets through cryptography, thereby effectively resolving the contradiction between data privacy protection, right ownership and data sharing, and improving the value and efficiency of data. The technology can be used in future scenarios such as digital wallets and inter-agency transactions.

PlatON has focused on the combination of privacy computing and big data AI. The open-sourced, community-based, blockchain ecosystem recently launched Tensorflow, the world’s first privacy AI framework that supports mainstream in-depth learning. PlatON’s series of innovative practices have provided an observable way to solve the problem of “data island” and data asset transaction.

Thanks to its rich industry experience, PlatON can fix the impasse and step forward. It is reported that PlatON’s core founding team has more than 15 years of experience in finance and communications, and strong software implementation capability too. These are exactly what the foundation for PlatON is built on to continuously and effectively promote R&D investment and business practice. At present, PlatON is focusing on R&D and solving the problem of data sharing step by step in the engineering and business world. Currently, PlatON’s leading network, Alaya, is focused on the financial sector, where data is highly standardized and financial institutions have a strong desire to address data privacy concerns.

PlatON’s Future Vision: Building a Data Transaction Infrastructure

PlatON has become a global leader in the field of privacy-protected computing. With the accumulation of finance and AI, PlatON has reached strategic cooperation with HashQuark, Keystore, HashKey Hub and other well-known platforms in the industry to jointly promote the implementation and application of cutting-edge technologies, such as KeyShard, so as to realize the new digital assets custody service in the world and better protect the security of digital assets.

PlatON’s vision is to build a peer-to-peer computing network that integrates verifiable computing, privacy computing, scalable computing, and dedicated computing hardware to provide open-source public infrastructure software development, consulting, and operational services to developers, data providers, as well as various communities, organizations, and individuals with computing needs around the world, and ultimately to support mass data asset transactions.

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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

Justin Sun Prioritizes Security: User Assets Are Sacred and Inviolable

Published

30 mins ago

September 28, 2023

Cloud PR Wire

–News Direct–

Justin Sun, a member of the HTX Global Advisory Board, participated in a live broadcast titled "Talk to Justin Sun about Crypto Safety Issues'' on September 26. This live interview was conducted simultaneously on HTX's (previously Huobi) Twitter Space and HTX Live. Justin Sun shared his insights on security concerns related to cryptocurrency exchanges and responded to the recent security incident at HTX.

To start, Justin Sun gave a brief recap of the recent cyberattack on HTX. On September 24, 2023, at around 6 PM Singapore time, HTX detected a hack and took immediate actions, which included rapidly changing the hot wallet address, implementing the real-time monitoring mechanism, and establishing the SAFU fund. Through these efforts, the exchange has ensured the protection of user assets and information. HTX, as emphasized by Justin Sun, managed to promptly resolve almost all issues within 24 hours following the attack. Users remained largely unaware of the incident, but it was indeed an intense battle.

According to reports, HTX has fully covered the losses, ensuring that users will not incur any losses due to this incident. The platform is operating normally, and all user assets remain unaffected. Moreover, HTX has labeled the hacker's ETH addresses and proposed a 5% white-hat incentive ($400,000) to encourage the hacker to return the stolen funds. If the hacker returns the funds within 7 days, HTX will offer them a position as a security consultant for the exchange. Otherwise, HTX will provide the information to the authorities for the hacker's prosecution.

Additionally, HTX is collaborating with professional security teams, blockchain institutions, and top-notch exchanges like Binance to trace the hacker's identity and the whereabouts of the stolen funds. While the exchange cannot disclose the specifics of the ongoing investigation, it is committed to ensuring that the hacker faces the full legal consequences they deserve if they do not return the stolen funds.

Justin Sun stated, "We encourage white hat ethical hacking and are confident in our ability to recover the funds. HTX has a proven track record of collaborating with authorities to apprehend hackers and will not tolerate any hacking activities. Even if users not affiliated with HTX have had their assets compromised, we will initiate charitable efforts to assist them in recovering their losses."

Summarizing the discussion, Justin Sun underscored the costliness of the security lesson learned and the commitment to excel in this domain. He emphasized that the recent hack was a valuable experience for him and his team, prompting HTX to reassess and enhance its security.

HTX will take concrete steps to ensure that user assets on the platform remain at the forefront of industry standards. HTX will introduce more security tools and technologies for the timely detection and prevention of potential threats in the future. Collaboration with leading security audit firms for regular audits and swift issue resolution is another facet of their strategy. Lastly, additional security updates, including updates to custodians or institutions, will be implemented.

Considering the multiple security incidents that have occurred in the cryptocurrency industry, Sun remarked, "Past experiences have taught us that security is an ongoing race, where we must continually adopt measures to ensure the security of user assets and fortify our security defense."

Addressing community doubts regarding the incident being a marketing stunt orchestrated by HTX, Justin Sun categorically dismissed such claims. He affirmed that while HTX has previously hosted attention-grabbing marketing events, the platform's unwavering commitment to security and the sanctity of user assets means they will never exploit a security incident as a marketing ploy.

Sun continued to reiterate the importance of security throughout the live stream, emphasizing, "Security is an eternal concern, and we will always prioritize the safety of user assets."

About HTX

Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

Contact Details

Michael Wang

[email protected]

Company Website

https://www.htx.com/

View source version on newsdirect.com: https://newsdirect.com/news/justin-sun-prioritizes-security-user-assets-are-sacred-and-inviolable-542495353

HTX

COMTEX_441113912/2655/2023-09-28T00:22:38

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Press Release

MYBUNDLE AND TASTEMADE ANNOUNCE COMPREHENSIVE TASTEMADE+ DISTRIBUTION AGREEMENT

Published

45 mins ago

September 28, 2023

Cloud PR Wire

–News Direct–

MyBundle, the premier online platform connecting consumers, streaming services, and broadband providers with tools to simplify streaming television, and Tastemade, a modern media company with award-winning video content and original programming in the categories of Food, Travel, and Home & Design, announced details of a comprehensive agreement between the companies for the distribution of the Tastemade+ premium SVOD service.

MyBundle is making Tastemade+ available to its broadband partner network representing more than 175 broadband providers and comprising more than 10 million customers nationwide. MyBundle will provide billing and customer care for Tastemade+ as part of its growing portfolio of streaming services. The partnership will make it easier for consumers to learn more about the innovative Tastemade+ content and create convenient and affordable bundling opportunities across the MyBundle broadband partner network, driving incremental new Tastemade+ subscriptions. Tastemade+ offers more than 750 hours of streaming content, 12,000 globally-inspired recipes and cooking videos, weekly meal plans, and diverse programming in the categories of Food, Travel, and Home & Design.

The billing integration simplifies the ability to subscribe to Tastemade+ so users may sign up, manage billing and receive customer support directly through the MyBundle platform and its co-branded ISP partner integrations. Customers may find Tastemade+ in the MyBundle Streaming App Marketplace, MyBundle Streaming Choice, and other targeted marketing tactics.

Were very excited about this partnership with MyBundle; with the expedited continuation of cord cutting, MyBundle gives customers an easy and seamless way to cherry pick their favorite channels and create their own streaming package, says Taylor Shwide, Distribution & Partnerships Manager, Tastemade. By tapping into MyBundles current reach, customers will have instant access to hundreds of hours of Tastemades streaming lifestyle programming as well as weekly meal plans, inspiring audiences with fresh ideas, incredible places, and the tools to live their best life.

The MyBundle platform simplifies the discovery and purchase process for consumers of innovative streaming services such as Tastemade+ and we are very pleased to welcome Tastemade as a business partner with this agreement, said MyBundle Co-Founder and CEO, Jason Cohen. MyBundle – and our broadband partner network – provides an invaluable growth opportunity for streaming services looking to reach new customers. As a fast-growing and independent solution in the marketplace, MyBundle is a trusted resource to make streaming easier for consumers and a growth vehicle for innovative streamers such as Tastemade.

MyBundle offers an integrated billing platform and co-branded streaming video tools and services for broadband and multichannel video providers. Sitting at the cross-section of consumers looking to explore and optimize their streaming service subscriptions, broadband providers looking to deliver choice to current and prospective customers and streaming services looking for efficient ways to reach new customers, MyBundle reduces friction and increases satisfaction for the ever-growing and dynamic streaming video ecosystem.

About MyBundle

MyBundle is the industry-leading consumer and enterprise platform simplifying streaming TV. MyBundles free and easy-to-use tools help consumers discover and manage their streaming service subscriptions, watch free live TV, and find content to watch across their services. Incorporating more than 150 streaming services and partnering with more than 175 broadband providers serving more than 10 million customers and growing, the MyBundle platform helps consumers navigate the streaming video world and creates new growth opportunities for programmers and high-speed data distributors alike.

About Tastemade

Tastemade is a modern media company that engages a global audience of more than 300 million monthly viewers on all major digital, mobile, and streaming television platforms, garnering 700 million minutes watched each month. We create award-winning video content and original programming in the categories of Food, Travel, and Home & Design that we share with an engaged, passionate, and global community. Tastemade has won a host of awards and accolades for its innovation and original programming, including three James Beard Awards, two Emmy Awards, and was most recently recognized as one of Fast Companys Most Innovative Companies in 2021. For more information, visit Tastemade at: www.tastemade.com.

Contact Details

MyBundle

Eric Becker

+1 303-638-3469

[email protected]

Tastemade

Brooke Garringer

[email protected]

Company Website

https://mybundle.tv/

View source version on newsdirect.com: https://newsdirect.com/news/mybundle-and-tastemade-announce-comprehensive-tastemade-distribution-agreement-762828728

MyBundle.TV

COMTEX_441138857/2655/2023-09-28T09:59:58

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Press Release

Radix Babylon Upgrade Marks New Era for Web3 User and Developer Experience

Published

45 mins ago

September 28, 2023

Cloud PR Wire

–News Direct–

Decentralized ledger platform Radix Publishing has celebrated the successful completion of its long-anticipated Babylon mainnet upgrade. The Babylon upgrade represents the end of the Olympia era and has been hailed by Radix as a game-changing moment for Web3 and the wider DeFi space.

The Babylon mainnet upgrade has been described as a substantial update to the Radix Network mainnet, enabling the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and features, most notably, the Radix Mobile Wallet.

With the Radix Babylon Upgrade complete, the Full Stack for DeFi has come together for the first time, ushering in a new beginning for both existing users, as well as those who were hesitant to embrace DeFi and Web3. A new ecosystem awaits – an ecosystem where builders can intuitively build and launch powerful and secure dApps, and where our friends, family, and colleagues can confidently use them said Piers Ridyard, CEO, RDX Works.

Among the refinements supported by Babylon are the Radix Engine v2 virtual machine, DeFi transaction previews that are human readable, a decentralized royalty system for developers and smart account components, as well as an on-ledger catalog of Scrypto-based blueprints.

The Babylon upgrade brings with it five new products, The Radix Mobile Wallet, which provides a secure way to manage accounts and hold any kind of asset, such as tokens or NFTs on Radix. Radix Connect, which allows users to connect their Radix Wallet to dApps on desktop browsers using a secure peer-to-peer connection with the Radix browser extension. The Radix Dashboard, a comprehensive explorer for the Radix Network and functionalities to stake, unstake, and claim XRD from validators and the Developer Console, which provides functionalities that will be useful for developers to deploy packages to the network, ensuring a streamlined integration of new software components. And lastly, the dApp Sandbox, a developer tool that makes it easy for a developer to experiment with the kinds of requests that a dApp frontend can make to the Radix Wallet, and see the results in the wallet and format of responses.

It is believed the arrival of the Babylon mainnet upgrade will enhance user experience for web3 developers, many of whom have already become acquainted with the incoming features through their use of the Betanet and RCnet testnets. Babylon represents an open, self-incentivizing DeFi dApp ecosystem where developers can build and deploy impactful decentralized applications at scale.

About Radix

Radix is the only full-stack, layer-1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities; and for developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.

For more information, please visit: https://radixdlt.com and https://www.radixdlt.com/full-stack/

Radix Publishing is responsible for the code security and publication of code associated with the Radix platform.