Connect with us

Press Release

Lumino Ceremony: Building the Privacy Protection Infrastructure

Published

on

PlatON, a privacy AI computing network which is committed to building a decentralized collaborative artificial intelligence network and global brain, is promoting the democratization of artificial intelligence and establishing a secure general artificial intelligence. The bottom layer of its decentralized privacy protection infrastructure is based on Zero-Knowledge Proof.

What is Zero-Knowledge Proof

Zero-Knowledge Proof is a cryptographic technology to realize privacy protection authentication. The prover needs to make the verifier believe that he knows or owns a message, without disclosing any information about message which is to be confirmed. For example, if the prover wants to prove that he knows the safe box password without revealing it, he can just show some items existing in the safe box that everyone knows.

This process is Zero-Knowledge Proof. The proof needs an initial credible setting (some items existing in the safe box that everyone knows), namely a series of public parameters to help the prover build Zero-Knowledge Proof.

Deficiency of Zero-Knowledge Proof

As a cryptographic technology with both privacy protection and authentication capability, zero-knowledge proof is widely used to realize transaction verification under hidden business details in blockchain. The zero-knowledge proof system applied in the blockchain field is mainly a cryptographic algorithm called “zk-SNARKs”. At present, the existing classic zk-SNARKs algorithms include  GGPR13, PGHR13, Groth16, GM17, and new generation algorithms such as Sonic, Marlin, Plonk, which support updating public parameters. The current version of ZCash, a well-known private cryptographic currency, uses Groth16 algorithm.

From the above “safe box”, we can see that the premise for the correct operation of this kind of algorithm is existing a series of random trusted parameters. However, randomized parameters will not come out of thin air and there is no trusted third party in the blockchain. Parameters created by centralized third parties can be reconstructed in theory, and it is possible to forge proofs, which may destroy the underlying security in PlatON. Imagine that if a specific institution informed the verifier of the storage of the items in the safe box, the institution and the prover could collude and use this secret information to falsify the illusion that the prover knew the safe box password.

Therefore, it is an undoubtedly excellent idea to organize multiple participants to create these randomized parameters through Secure Multi-party Computation. In this process, single party can not reconstruct the parameters any more. Only when this activity is completed safely will the subsequent decentralized application be safe. In fact, ZCash has successfully created system parameters for Groth16 algorithm in November 2017 through its ceremony, Power of Tau.

Lumino, creating secure parameters

In order to prevent the parameters generated by the centralized mode from affecting the underlying security, PlatON started the Secure Multi-party Computation ceremony Lumino on June 21, 2021, last for   60 days. This ceremony is expected to create necessary secure parameters for the Zero-Knowledge Proof protocol.

During the Lumino ceremony, multiple participants carry out several rounds of calculation in the form of a relay, that is to say, the current participant need to use the calculation results of the previous participant as the input of this round, and the calculation output become the calculation input of the next participant as well. After a certain number of rounds, the output of the last participant is the final result of the whole ceremony, namely the system initialization parameters that Plonk thatalgorithm of PlatON will choose. Obviously, the more participants take part in the ceremony, the safer the parameters will be.

As a practical and efficient Zero-Knowledge Proof algorithm, Plonk is commonly used in PlatON projects and communities, which is characterized by a one-time initialization process, that is, running once can be used to deploy multiple applications. Providing necessary initialization parameters for Plonk algorithm through Lumino ceremony means that no one can master the secret information behind the parameters, which can be used to cheat players in the whole system. Lumino ceremony will lay a solid foundation for the security of PlatON.

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.

Continue Reading

Press Release

Rhode Island Author Tony Jones Announces New Book Exploring Blockchain Technology

Published

on

RHODE ISLAND, United States, 3rd Sep 2026 – Rhode Island-based author and media professional Tony Jones has announced the release of a new book exploring blockchain technology and its potential applications in modern digital systems.

The book examines blockchain-based technology and discusses topics including transparency, security, accessibility, digital records, and public confidence. It provides readers with an overview of how blockchain systems work and explores considerations surrounding their use in large-scale technology applications.

As blockchain technology continues to develop across a range of industries, the publication offers readers an opportunity to learn more about the technology and its characteristics, including the ways information can be recorded, managed, and accessed through blockchain-based systems.

The book reflects Jones’s interests in communications, technology, psychology, and public engagement. His work explores subjects at the intersection of technological innovation and society.

The new book is available through Barnes & Noble.

About Tony Jones

Tony Jones is a Rhode Island-based author and media professional with interests spanning communications, technology, psychology, and public engagement. His work explores ideas at the intersection of innovation and society.

Publication Details

Author: Tony Jones
Subject: Blockchain technology
Availability: Barnes & Noble

Learn more about the book:
https://www.barnesandnoble.com/w/making-a-case-for-holding-political-elections-on-the-blockchain-tony-jones/1149089731

LinkedIn:
https://www.linkedin.com/in/tonyjonesinri/

Media Contact

Organization: Tony Jones

Contact Person: Tony Jones

Website: https://www.tonyjones.org/

Email: Send Email

State: RHODE ISLAND

Country:United States

Release id:48592

The post Rhode Island Author Tony Jones Announces New Book Exploring Blockchain Technology 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

file

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.

Continue Reading

Press Release

Tazapay Now Live on the Borderless.xyz Network For Seamless Money Movement to Asia Pacific and Latin America

Published

on

New York, New York, September 3rd, 2026, FinanceWire

Tazapay is live on the Borderless.xyz, putting nine additional markets, local-rail payouts, and stablecoin settlement behind the single connection

Borderless, the global stablecoin orchestration and liquidity network, today announced that Tazapay is live on its network. Tazapay, headquartered in Singapore and licensed there as a Major Payment Institution by the Monetary Authority of Singapore, brings payouts and collections over domestic rails in markets including Singapore, India, Indonesia, the Philippines, Thailand, and Australia, along with Brazil, Mexico, and Colombia in Latin America.

Businesses paying into these markets have typically run a separate provider relationship per market, each with its own contract, compliance file, and settlement timing, with correspondent banking layering fees and delays underneath. Through the Borderless network, clients reach Tazapay’s coverage over the connection they already operate. Payouts arrive as local currency in the recipient’s own bank account as a domestic transfer rather than an international wire, and collections run in reverse through virtual accounts with local account details in domiciles including Singapore, Australia, the UK, and the UAE. 

With Tazapay live, Borderless clients can turn on nine additional markets without a sourcing cycle, a new integration, or additional negotiations. The Borderless network connects 19+ locally licensed providers across 113+ countries through a single API.

“The demand we’re seeing from enterprises and fintechs across Asia Pacific is unmistakable. Businesses there want to move money faster and at lower cost, and our clients want to reach them,” said Alex Garn, Chief Product Officer at Borderless. “This is exactly what we built Borderless to do: extend the network’s reach across Asia Pacific and its depth in Latin America, and hand it to every client through the connection they already run, with Tazapay’s local rails behind every corridor.”

“Expanding globally shouldn’t mean navigating a fragmented payments landscape market by market,” said Rahul Shinghal, CEO of Tazapay. “Through this partnership, Borderless clients get Tazapay’s infrastructure, including local collection and payout rails, virtual accounts, and modern settlement options, through a single API. We’ve spent years building that depth across APAC, and putting it within reach of more businesses is what makes entering a new market genuinely simpler.”

Tazapay corridors are available to Borderless clients today. Businesses can contact the Borderless team to enable them on their routing.

About Borderless

Borderless is a global stablecoin orchestration and liquidity network. Its single API connects wallet infrastructure to 19+ licensed stablecoin providers across 113+ countries and 72+ fiat currencies, giving businesses the speed of an aggregator with the economics of going direct. Borderless is SOC 2 Type II certified and headquartered in New York. Users can learn more at borderless.xyz.

About Tazapay

Tazapay is a cross-border payments platform headquartered in Singapore and licensed as a Major Payment Institution by the Monetary Authority of Singapore. It provides local collections and payouts, virtual accounts, and stablecoin settlement for businesses operating internationally. Users can learn more at tazapay.com.

Contact

Sarah Cohen
SJC PR
sarah@sjc-pr.com

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.

Continue Reading

Press Release

DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval

Published

on

Road Town, Tortola, British Virgin Islands, September 3rd, 2026, Chainwire

DWF Labs, an established, market-tested investor and market maker built to strengthen digital asset market infrastructure at scale, today announced an expansion of its global regulatory footprint with a group entity granted Virtual Asset Service Provider (VASP) regulatory approval from the British Virgin Islands Financial Services Commission (BVI FSC).

Granted under the BVI’s Virtual Assets Service Providers Act 2022, the approval authorizes DWF Labs as a registered VASP, to provide the exchange of one or more forms of virtual assets, as well as to participate in, and provide financial services related to an issuer’s offer and/or sale of a virtual asset.

The approval enables institutional clients access to DWF Labs’ integrated OTC trading and market making capabilities, including spot trading across thousands of digital assets and stablecoins, through a regulated BVI entity. It also strengthens the company’s ability to deliver investment, incubation and ecosystem development services to support token issuers and digital asset projects on a global scale. 

The BVI has established itself as a leading jurisdiction for decentralized ledger deployments and structured real-world asset (RWA) tokenization. The territory now represents nearly 10% of the global tokenization US treasuries market, with $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active, circulating stablecoins – figures underpinned by more than 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million. These figures (Source: rwa.xyz treasuries and stablecoins) reflect the strength of both the regulatory and market infrastructure DWF Labs is now positioned to operate within. 

Heng Lee, Managing Director and Partner at DWF Labs said, “The Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC) is a key step in responsibly expanding and delivering DWF Labs’ regulated digital asset services to international institutional clients.” 

“As the digital asset market and industry continue to mature, and adoption increases, this addition to our regulatory framework will enable us to deliver a broader range of solutions, products, and services, while reinforcing our focus upon transparency and governance.”

DWF Labs will continue to expand its regulatory footprint across key global markets, supporting its international growth strategy and commitment to operating within robust regulatory frameworks.

About DWF Labs

Established in 2022, DWF Labs is an investor and market maker, focused on giving builders the capital, liquidity, expertise, and partnerships needed to take ideas from concept to scale. DWF Labs is among the world’s largest high-frequency digital asset trading organizations, active on more than 80 centralized and decentralized exchanges. The firm supports over 20% of CoinMarketCap’s Top 100 projects and 35% of its Top 1,000, and has worked with more than 1,000 blockchain companies across Layer 1 and Layer 2 networks, DeFi, gaming, AI, payments, infrastructure, and tokenization.

The firm’s work is organized across four business lines: Liquidity (institutional market making and liquidity provision), Investment and Incubation (strategic capital and token advisory for emerging projects), Ecosystem Development (go-to-market support), and OTC and Structured Markets (tailored trading solutions for institutions, funds, and protocol treasuries). DWF Labs also founded and incubated Falcon Finance, a synthetic dollar and universal collateralization protocol.

DWF Labs operates a globally distributed team on a 24/7/365 basis. 

For more information, visit www.dwf-labs.com, or follow DWF Labs on X, LinkedIn, and Telegram.

Contact

DWF Labs
press@dwf-labs.com

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.

Continue Reading

LATEST POST