Press Release
Decentralized And Fully Open-Source Project PlatON Aims To Construct New Generation Financial Infrastructure
In recent years, with rapid development of 5G, Internet of Things, cloud computing and other technologies, the whole society has been evolving and upgrading on the road of informationization, digitization and intelligentization, and the data has become the key factor in the production process. As the value of data resources is gradually recognized, the demand for data circulation and sharing is increasing.
Although entities such as platform enterprises can set up algorithm analysis teams, use crawlers and terminal equipment and other technologies to obtain external data and process the same, provide relevant data to the outside world or provide data services, and overcome their own development problems in a centralized processing mode, from the perspective of the whole society, the data that can be acquired and processed by the centralized processing mode is still limited. The current digital infrastructure cannot meet the urgent needs for data transaction and sharing. Moreover, the inherent protection policy of trade secrets in the industry and the concerns of government departments on security interests restrict the maximum use of data value.
The emergence of blockchain and privacy computing technology provides guarantee and incentive for protecting data privacy and promoting data sharing transactions, and is gradually disrupting the traditional centralized governance model, creating the possibility for building a “decentralized” digital infrastructure.
“Decentralization” Reform And Development Trend In The Financial Field
The financial industry depends on big data, and its essence is in effective allocation of resources on the basis of mutual trust. As the traditional financial system is based on the centralized mode, it is highly dependent on intermediaries such as banks and arbitrators such as courts, which makes the market transaction cost high and the system efficiency low. It requires a lot of paperwork and it is difficult to manage vouchers. Introducing blockchain technology into the financial industry will break through the traditional centralized capital transaction mode and build a scattered and decentralized financial service system, which is called distributed finance (Defi).
Defi is not bound by central financial intermediaries such as banks, exchanges and brokerage companies, and uses blockchain intelligent contracts, which can specify in advance how to deal with all possible disputes and eliminate the necessity of third-party arbitrators, thereby reducing the provision and use of intermediary services and reducing transaction costs within the system. Compared with the traditional financial system, Defi transactions are smoother, and the financial services it provides will not be affected by a single point of failure.
Although Defi has many advantages in technology and business model, its development still faces many challenges. Security, as the first element of financial infrastructure, is also an unavoidable topic in Defi development. Within the financial system, the underlying network carries the transaction flow and payment settlement, while the vast amount of data flowing on nodes is related to customer privacy and trade secrets. In addition to that, whether it is institutional coordination and financial supervision in the short term or profit sharing in the future financial scenario, it is necessary to make a trade-off between data sharing and protection. All these cannot be separated from the escort of private computing technology.
Exploration Of PlatON In Constructing Financial Infrastructure
As a global leader in blockchain + privacy computing, PlatON will provide public infrastructure services under the open-source architecture for global AI and distributed application developers, data providers and various communities, institutions and individuals with computing needs through a new generation of private computing architecture consisting of verifiable computing, secure multi-party computing, zero-knowledge proof and homomorphic encryption.
At present, PlatON technology application scenarios have been extended to credit reporting, payment and clearing, key management and other fields. Facing the future all-digital era, one of PlatON’s core strategies is to explore possible paths for building a new generation of financial infrastructure by relying on privacy computing and its technical endowment, so as to promote large-scale transaction services and liquidity governance of data assets. To this end, PlatON officially launched the meta-network Alaya in October 2020. As the prototype network and “business sandbox” of PlatON’s new generation financial infrastructure, Alaya is committed to becoming the “pioneering demonstration area” of the next generation privacy computing and data asset computing infrastructure in the world.
PlatON is also a decentralized and fully open-source project, and anyone who is willing to support its development can contribute and get rewards. Recently, PlatON launched Hackathon activity on DoraHacks developer platform Hackerlink and set up a bonus pool of 170,000 US dollars, aiming at encouraging developers to emerge new inspiration and create new value, and further enriching the ecological application of PlatON and its meta-network Alaya around the private AI computing network. This activity was officially launched on July 21st and is expected to last until the end of September. The idea is tested on the Alaya development and test network or main network to continuously verify the completeness of the basic functions of the network. PlatON welcomes developers from all over the world to submit blockchain projects based on Alaya network to build a secure and credible digital infrastructure.
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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.
AccountingOCR.com has launched a new AI-powered OCR platform built for accounting workflows. The software helps firms and finance teams extract structured data from financial documents without relying on templates or manual document setup.
Mississippi, United States, 1st Apr 2026 – AccountingOCR.com recently announced the launch of its AI OCR platform designed to help accounting teams convert financial documents into structured digital data.
The platform was developed for firms and finance departments that regularly work with invoices, receipts, bank statements, tax forms, and other records that often arrive in inconsistent formats. In many accounting environments, processing these documents still involves a mix of manual entry, template-based extraction tools, and fragmented systems for different document types. AccountingOCR.com enters the market with a broader approach focused on handling varied financial records through a single AI-driven workflow.
According to the company, the software reads data from scanned paper documents, digital PDFs, and image-based files without requiring fixed templates or document-by-document configuration. The goal is to make document intake more practical for accounting teams that need to work across changing layouts, multiple clients, and large volumes of records while keeping extracted information usable for spreadsheet review and accounting system imports.
A key part of the platform’s positioning is its focus on accounting use rather than general OCR alone. In addition to extracting text and tables, the software is designed to support early-stage classification of financial data, helping teams organize information in a way that better fits bookkeeping and reporting workflows. This reflects growing demand for tools that do more than capture text and instead help reduce the administrative burden around coding, categorization, and review.
The launch also speaks to a wider shift taking place across the accounting profession. As firms manage rising document volumes and tighter reporting timelines, there is increasing pressure to reduce repetitive processing work without sacrificing structure or control. AccountingOCR.com is aimed at teams looking for a more consistent way to move from raw financial documents to usable data without adding more manual steps to the process.
The company said the platform includes security controls intended for organizations handling sensitive financial information. It states that the software is SOC 2 Type 2 certified, uses encryption for data in transit and at rest, and does not use customer files to train AI models. Documents processed through the system are automatically deleted within 24 hours.
About AccountingOCR.com
AccountingOCR.com is an AI-powered OCR software platform focused on accounting and financial document processing. The company helps firms and finance teams extract structured data from invoices, receipts, statements, tax forms, and other records for use in spreadsheets and downstream accounting workflows.
Media Contact
Organization: AccountingOCR.com
Contact Person: Zoe Russell
Website: https://www.accountingocr.com/
Email: Send Email
State: Mississippi
Country:United States
Release id:43490
The post AccountingOCR.com Releases AI OCR Platform for Accounting Teams appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
ContractExtraction.com has launched a new AI-powered platform designed to extract key terms from contracts and convert them into structured data. The software is intended to help legal, procurement, and operations teams reduce the time spent reviewing agreements manually and improve visibility across large contract portfolios.
United States, 1st Apr 2026 – https://www.contractextraction.com announced the launch of its new contract extraction platform, a software solution developed to help organizations identify and structure important terms from contracts, NDAs, and related agreements through AI.
For many businesses, contract information is available but not easily usable. Important details such as effective dates, renewal terms, payment obligations, notice periods, and party names are often buried in lengthy agreements that must be reviewed one by one. This can create delays not only in legal review, but also in procurement, compliance, and operational planning, especially when organizations are working across large volumes of active and legacy contracts.
ContractExtraction.com was developed to address that challenge by turning contract language into structured output that can be searched, filtered, and analyzed more efficiently. According to the company, the platform is designed to interpret legal phrasing and identify key business terms across a wide range of contract formats without requiring template setup or document-by-document configuration. The software is intended to help teams move more quickly from document review to practical contract visibility.
The company says the platform is particularly relevant in situations where businesses need to review agreements at scale, whether for migration projects, portfolio cleanup, vendor oversight, or renewal tracking. In these settings, the burden often comes from the amount of manual reading required to locate recurring terms across hundreds or thousands of files. ContractExtraction.com is positioning its software as a way to reduce that burden while making contract information easier to use in downstream systems and reporting environments.
The launch reflects broader interest in tools that can support contract operations beyond storage alone. As organizations place greater emphasis on obligation tracking, commercial visibility, and internal controls, there is increasing demand for systems that can help transform static agreements into working data. The company says this is especially relevant for teams that need contract information to support ongoing decisions rather than remain locked inside legal documents.
ContractExtraction.com also states that the platform is SOC 2 Type 2 certified and HIPAA compliant, uses AES-256 encryption for data at rest, protects data in transit with TLS 1.2 or higher, does not use customer files to train AI models, and deletes processed contracts within 24 hours. According to the company, these measures are intended to support organizations that require stronger safeguards when handling sensitive legal and business records.
One user described the impact by saying that a portfolio migration involving more than 2,000 legacy contracts, which would have taken months to review manually, was completed in two days using automated extraction. The company says this reflects growing demand for tools that can help legal and business teams work through contract volume with greater speed and consistency.
About ContractExtraction.com
ContractExtraction.com helps organizations extract key terms and structured data from contracts using AI. The platform is designed to make information from agreements easier to use in spreadsheets, reporting tools, and contract management workflows.
Media Contact
Organization: ContractExtraction.com
Contact Person: Isaac Bell
Website: https://www.contractextraction.com/
Email: Send Email
Country:United States
Release id:43461
The post ContractExtraction.com Launches AI Platform for Extracting Data from Contracts appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
ContractDataExtraction.com has launched a new AI-powered platform designed to convert contracts into structured, spreadsheet-ready data. The software is intended to help legal, procurement, and operations teams work more effectively with contract information that is often difficult to track once it is locked inside static documents.
United States, 1st Apr 2026 – ContractDataExtraction.com recently announced the launch of its new contract analysis platform, a software solution developed to help organizations extract structured data from contracts, agreements, and related records through AI.
The release addresses a common challenge in contract management. While contracts often contain critical information tied to renewal timing, payment obligations, termination rights, liability terms, and operational commitments, much of that information remains embedded in documents that are easy to store but difficult to monitor at scale. In many organizations, this leads to fragmented review processes, limited visibility across contract portfolios, and avoidable risk when key terms are not surfaced in time.
ContractDataExtraction.com was developed to address that gap by converting contract language into structured output that can be searched, filtered, and analyzed more easily. According to the company, the platform is designed to identify key provisions and business terms across a wide range of contract formats without requiring document-specific templates or manual setup. The software is intended to support both newly received contracts and legacy archives that may currently sit in shared folders, inboxes, or document repositories without a practical way to compare them at scale.
The company says the platform is especially relevant for teams that need contract data in a working format rather than a storage format. In legal and procurement environments, the challenge is often not access to contracts themselves, but the time required to locate and organize the information that matters across hundreds or thousands of files. ContractDataExtraction.com is positioning its platform around that operational need, with an emphasis on helping businesses turn agreements into usable datasets that support oversight, compliance, and planning.
The launch also reflects a broader shift in how organizations are approaching contract operations. As companies place greater emphasis on renewal management, vendor governance, and internal controls, there is increasing demand for tools that can surface contractual information without requiring line-by-line manual review for every document. The company says this is particularly important where large contract inventories make traditional tracking methods difficult to sustain.
ContractDataExtraction.com also states that the platform is SOC 2 Type 2 certified and HIPAA compliant, uses AES-256 encryption for data at rest, protects data in transit with TLS 1.2 or higher, does not use customer files to train AI models, and deletes processed contracts within 24 hours. According to the company, these measures are intended to support organizations that require stronger standards around privacy, security, and document handling.
One user described the impact by saying that a contract archive containing thousands of documents could be converted into a searchable spreadsheet within days, allowing the team to identify expiration dates and renewal terms that had previously been difficult to track. The company says this reflects growing demand for tools that can help organizations move from passive contract storage to more active contract visibility.
About ContractDataExtraction.com
https://www.contractdataextraction.com aims to help organizations extract structured data from contracts using AI. The platform is designed to make information from agreements, NDAs, leases, and other contract records easier to use in spreadsheets, reporting tools, and operational workflows.
Media Contact
Organization: ContractDataExtraction.com
Contact Person: Nora Kelly
Website: https://www.contractdataextraction.com/
Email: Send Email
Country:United States
Release id:43460
The post ContractDataExtraction.com Launches AI Tool to Convert Contracts into Structured Data appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
AccountingOCR.com Releases AI OCR Platform for Accounting Teams
ContractExtraction.com Launches AI Platform for Extracting Data from Contracts
ContractDataExtraction.com Launches AI Tool to Convert Contracts into Structured Data
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