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Decentralized And Fully Open-Source Project PlatON Aims To Construct New Generation Financial Infrastructure

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5 years ago

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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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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

KING VPN Announces Android VPN App Availability for Users in the United States

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47 minutes ago

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May 9, 2026

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KING VPN provides Android users with a simple mobile VPN interface, server selection options, and one-tap connection support for everyday use.

Tech Digital Labs has announced the availability of KING VPN (Fast & Secure) for Android users in the United States. The mobile application is designed to provide a straightforward VPN connection experience for users who want a simple Android VPN app for daily browsing, public Wi-Fi use, mobile apps, and general internet access.

Available on Google Play, KING VPN is listed as an Android tools app developed by TechDigitalLabs. The app includes ads and in-app purchases and has recorded more than 100,000 downloads on Google Play. The listing also states that the application is rated for users aged 3 and above. 

KING VPN is built with a one-tap connection flow and allows users to connect through available VPN server locations. According to the Google Play listing, the app supports access to multiple regions, including the United States, United Kingdom, Russia, China, and Turkey, depending on current server availability and network conditions. Google Play: https://play.google.com/store/apps/details?hl=en&id=com.kingwire.kingvpn

The app is intended for Android users looking for a simple VPN tool that can be used on smartphones and tablets. Its interface allows users to open the app, choose an available connection option, and connect through a VPN tunnel without complex manual configuration.

KING VPN may be used for general mobile browsing, app access, public Wi-Fi connections, school or office networks where permitted, and other everyday Android use cases. Performance, server availability, and access to specific websites, apps, or platforms may vary based on the user’s location, internet provider, device, app version, and current network conditions.

The Google Play listing also includes privacy-related information provided by the developer. According to the Data Safety section, the developer states that no data is shared with third parties, no data is collected, and data is encrypted in transit. Google Play notes that data safety and privacy practices may vary by use, region, and age, and that developers may update this information over time. 

The latest app update listed on Google Play was published on March 30, 2026, and includes bug fixes and improvements. (Google Play)

 KING VPN (Fast & Secure) is available on Google Play at:
https://play.google.com/store/apps/details?id=com.kingwire.kingvpn&hl=en

About Tech Digital Labs
Tech Digital Labs provides digital marketing services alongside website and mobile app development. The company supports businesses with online promotion, website development, mobile application development, software solutions, and utility-based digital products. Its work includes Android applications, including VPN and everyday mobile utility apps, with a focus on simple user interfaces, mobile accessibility, and practical digital tools.

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LinkedIn: https://www.linkedin.com/company/tech-digital-labs/
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Media Contact

Organization: Tech Digital Labs

Contact Person: Media Relations

Website: https://techdigitallabs.com/

Email:
info@techdigitallabs.com

Country:United States

Release id:44858

The post KING VPN Announces Android VPN App Availability for Users in the United States 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

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Cellfie Mobile Announces Deployment of 400 New Base Stations Across Georgia

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1 hour ago

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May 9, 2026

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Cellfie Mobile announced the deployment of 400 new base stations across Georgia to extend coverage to underserved residential areas and increase network capacity. The rollout follows a year of infrastructure investment that delivered a 25% increase in internet speed, 52% expansion in 5G coverage, and 99% nationwide network reach. Installation is underway, with further improvements expected from the beginning of next year.

Tbilisi, Georgia, 9th May 2026 – Cellfie Mobile announced the deployment of 400 new base stations across Georgia as part of an ongoing network expansion program. The new infrastructure is intended to extend mobile coverage to residential areas currently underserved by the operator’s network and to increase data throughput in high-demand zones. Installation has already begun, with initial improvements reported across parts of the network. The new stations will be deployed using Nokia’s radio access network equipment, which is currently operational in mobile networks across more than 130 countries.

The deployment follows a year of sustained investment in Cellfie’s mobile infrastructure. During 2025, the operator installed and modernised up to 300 base stations, acquired new frequency licenses in the 2100 MHz and 2600 MHz bands, and reported a 25% increase in internet speeds and a 32% increase in network capacity across its existing infrastructure. 5G coverage expanded by 52%, and nationwide network coverage reached 99%. Over the same period, customer satisfaction increased by 56% over the course of a year. In 2025, Cellfie received the “Fastest Growing Telecom in Georgia” designation from the Global Banking & Finance Awards.

“This year, we made network modernisation our number one priority,” said Rostom Talakhadze, Chief Executive Officer at Cellfie. “The deployment of 400 new base stations is another step in that effort. The results are already visible across the network and will become more evident in the near future.”

The 400 additional base stations will utilise the newly acquired frequency resources to further strengthen network capabilities. Cellfie stated that improvements are already noticeable for existing customers, with results expected to become progressively more apparent from the beginning of next year as the rollout extends to cover all residential areas.

The expansion is part of a broader network development program that the operator has been carrying out since the beginning of the year. 

About Cellfie

Cellfie Mobile is a Georgian mobile operator serving 1.42 million customers nationwide. The company was the first operator in Georgia to introduce both 4G/LTE and 5G technologies. Cellfie provides voice, data, eSIM, roaming, and business connectivity services across the country. In 2025, Cellfie became the first telecommunications company in Georgia to receive ISO 37001 (Anti-Bribery Management System) and ISO 37301 (Compliance Management System) certifications. 

Media Contact

Organization: Cellfie Mobile

Contact Person: Sophie Balavadze

Website: https://cellfie.ge

Email:
sbalavadze@cellfie.ge

City: Tbilisi

Country:Georgia

Release id:44773

The post Cellfie Mobile Announces Deployment of 400 New Base Stations Across Georgia 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

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Press Release

The oldest oil trading company in DIFC completes its debut bond issuance in Kazakhstan

Published

4 hours ago

on

May 9, 2026

By

United Arab Emirates, May 5, 2026 — On March 30, 2026, Translux Limited successfully completed the placement of its debut $20 million bond issue with a 14% annual coupon, denominated in US dollars. Translux Limited is the oldest oil trading company in DIFC.

Translux Limited has been operating for more than 20 years and specializes in marine fuel bunkering at sea. The company purchases fuel in bulk from leading international suppliers, including BP and Vitol, and delivers it directly to vessels offshore. Over the years, Translux has served thousands of vessels and built long-term relationships with major global container shipping companies, including MSC, Maersk, and CMA CGM. The company generates approximately $120 million in annual turnover and around $7.5 million in net profit, with gross margins reaching approximately 50%. The company has had no defaults throughout its operating history.

The Translux bond issuance was structured by Velar Capitals, an international investment platform specializing in IPO, pre-IPO, and debt capital markets. Velar Capitals develops a long-term support model for companies on their path to the public capital markets, from structuring debt and establishing a transparent financial track record to preparing the equity journey, developing institutional demand, and ultimately supporting an IPO. Velar Capitals sees Kazakhstan as one of the key markets in Central Asia and views AIX as an international platform through which local investors gain access to global issuers.

The current Translux bond issue is not just a placement but part of a broader strategy. The company views public debt as a step toward an IPO in the coming years and as a tool for building a transparent track record in the capital markets. At the same time, Translux plans to issue a subsequent bond at a lower rate, further enhancing the attractiveness of the current issue.

Strong investor interest is driven not only by the terms of the issuance but also by the underlying business. The global bunkering market exceeds $150 billion annually. As global shipping routes shift, traffic is increasingly moving through the Atlantic along the west coast of Africa. This is driving demand for marine fuel supply in the region where Translux already operates. Dakar is emerging as a key hub. On the route between Lomé and Las Palmas, spanning approximately 2,000 nautical miles, it is the only location combining a deep-water port, developed infrastructure, and a stable jurisdiction. Translux holds an exclusive license in this corridor until 2032, effectively securing a key position on this route. The bunkering market in Dakar is growing at approximately 13% per year.

Another important signal for the market is that major international players are already increasing their presence in the region. Leading global companies, including Monjasa, Vitol, Peninsula, and Flex Commodities, are shifting their volumes toward West Africa. For investors, this means the company operates not in a hypothetical growth area but in a segment where the world’s largest industry players are already active.

Following the successful placement, Translux and Velar Capitals are also considering expanding their presence in Kazakhstan. This includes deeper engagement with the market, expansion of the investor base, and the potential opening of a joint office, reinforcing a long-term focus on the region.

The Translux placement on AIX represents a market deal, an infrastructure case, and a strong signal for investors. The oldest oil trading company in DIFC entered the capital markets at a time when global logistics is shifting in its favor, and demand for its services is growing alongside the rerouting of global shipping flows around Africa. Against this backdrop, the current issuance has already become a notable entry point into the company’s story, which, according to its plans, will continue moving toward an IPO in the coming years.

Contact Info:
Name: Dmitriy Vettori
Email: Send Email
Organization: Translux Limited
Website: https://translux.ae/

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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.

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