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

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3 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

Revolutionizing Talent Acquisition: HireDynamicsDevelopers.com Introduces Technical Interview as a Service

Published

23 mins ago

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April 26, 2024

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Ukraine, 26th Apr 2024 – In response to the growing demand for Dynamics 365 development services and the challenges recruiters face when hiring Dynamics developers specifically at the technical interview stage, Hire Dynamics Developers Company is proud to introduce Technical Interview as a Service. 

HireDynamicsDevelopers.com is a premier MS Dynamics consulting company based in Ukraine and operates globally, announcing the launch of its Technical Interview as a Service. This solution aims to revolutionize talent acquisition for businesses seeking Microsoft Dynamics 365 developers by providing a seamless and efficient interview process from the vetted senior-level consultants.

HireDynamicsDevelopers.com has over a decade of experience in innovative and successful Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solutions. They match MS Dynamics projects with Microsoft Dynamics consultants and developers around the globe.

Addressing Industry Needs in Technical Screening

According to the recent research conducted by the parent company Mobilunity, 74% of surveyed businesses struggle to organize specific technical interviews and proper candidate testing. Understanding the challenges businesses face in hiring qualified Dynamics professionals, HireDynamicsDevelopers.com offers Senior-level specialists for conducting technical interviews. These experts possess deep knowledge and extensive experience in Microsoft Dynamics to lead interviews, validate the technical skills of each candidate, and provide detailed feedback to employers.

A Streamlined Hiring Process for MS Dynamics Candidates

“Our goal is to empower businesses to reach their full potential by connecting them with the right talent,” says Ivan, Consultants Engagement Manager at HireDynamicsDevelopers.com. “We understand that not every company has the opportunity, time, and resources to lead these tech assessments. That’s why we developed a ready-to-go solution that requires minimum effort on the client’s behalf. Our leading specialists handle the whole process, letting our valuable customers concentrate on internal tasks.”

This service is designed to cater to business owners, recruiters, and HR professionals looking to extend their teams with Microsoft Dynamics CRM developers. By outsourcing the technical interview process to HireDynamicsDevelopers.com, businesses can save time, reduce costs, and gain access to a pool of highly qualified candidates.
 

Media Contact

Organization: HireDynamicsDevelopers.com

Contact Person: Ivan

Website: https://www.hiredynamicsdevelopers.com/

Email: Send Email

Country: Ukraine

Release Id: 26042411435

The post Revolutionizing Talent Acquisition: HireDynamicsDevelopers.com Introduces Technical Interview as a Service appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

EarthByt Makes History as it Gears Up for a Coinstore Exchange Listing on April 29, 2024

Published

23 mins ago

on

April 26, 2024

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The groundbreaking BEP20 token will enable EBYT holders to participate in agroforestry, renewable energy, regenerative agriculture, and other sustainable business sectors.

London, United Kingdom, 26th Apr 2024 – EarthByt (EBYT), a leading BEP20 token dedicated to environmental sustainability, is thrilled to announce its listing on the Coinstore exchange with the EBYT/USDT pair listing scheduled for Monday, April 29th, 2024, at 10:00 AM UTC.

EarthByt (EBYT) is a revolutionary cryptocurrency committed to driving global soil restoration and carbon sequestration initiatives.  By leveraging blockchain technology and crypto communities, EBYT aims to create a sustainable future while offering exciting opportunities for its holders.  EarthByt is also a reforestation partner of One Tree Planted and is committed to planting trees for each product sold.

“We are excited about our partnership with the Coinstore exchange,” said Dan B., CEO and Founder of EarthByt. “They are a well-trusted exchange with great reach around the world and value our commitment to making a positive environmental impact. It is their active recruitment of us as a green project that helped convince us that they were an exchange for our project to make a home. Furthermore, we recognize their constant growth in the marketplace and commitment to the projects and their users.”

The strategy used by EarthByt combines token burning, transaction taxes, community governance, and token reflection rewards for holders.  This special approach enables holders of EBYT to engage in regenerative agriculture, agroforestry, renewable energy, and other sustainable industries.

Thanks to the tokenized investments, smart contracts, NFTs, and metaverse gaming the project is focused on, holders of EBYT will have the opportunity to significantly influence the course of events and make a positive impact on a world that is more just, wealthy, and sustainable.

“We have a real charitable purpose and long-range goals of being a tokenized funding platform for supporting the green economy and emissions trading,” added Dan B. “But again, we are in the early small-cap phase, so we are focusing on community growth, preservation projects and charity allocations to begin with.”

For more information about EarthByt and its listing on the Coinstore exchange, visit the official website at earthbyt.io.

Join the conversation on Telegram: https://t.me/Earthbyt

For the latest updates, follow @EarthByt on Twitter, Facebook and Instagram.

Watch the intro video of EarthByt on YouTube: https://youtu.be/nctHCIXZph8?si=_hCkLHRihKF72-DY

Media Contact

Organization: EarthByt Ltd.

Contact Person: Dan B.

Website: https://earthbyt.io

Email: Send Email

City: London

Country: United Kingdom

Release Id: 26042411434

The post EarthByt Makes History as it Gears Up for a Coinstore Exchange Listing on April 29, 2024 appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Family Tech Trends Spring 2024

Published

38 mins ago

on

April 26, 2024

By

–News Direct–

Tech Lifestyle Expert Carley Knobloch partnered with a few brands to check out this Spring. Including: Pet parents will love the Levoit Vital 200S Smart Air Purifier; update home offices with the Epson EcoTank ET-3850 All-in-One Printer, Amazon Key In-Garage Delivery is a convenient, secure way to receive your Amazon packages; and for mild to moderate hearing loss, the Lexie B2 Plus, Powered by Bose OTC hearing aids. Visit InTheNews.TV for more.

Contact Details

News Media Group, Inc.

Karl Wayne

+1 334-440-6397

[email protected]

Company Website

https://newsmg.com/

View original content to download multimedia: https://newsdirect.com/news/family-tech-trends-spring-2024-105051227

News Media Group, Inc.

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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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