Connect with us

Press Release

Lumino Ceremony Uses A Combination Of Zero-Knowledge Proof And Blockchain To Solve The Limitations Of Privacy And Data Security

Published

5 years ago

on

The loss of Internet data leakage is gradually increasing, and data privacy will be the key development focus of the industry. According to BM Security assessment, the average cost of global data leakage in 2018 was $3.86 million, which was 6.4% higher than that in 2017. In addition to that, the assessment also shows that large-scale data leakage is costly, with millions of records leakage possibly causing $40 million in losses, and 50 million records leakage may cause $350 million in losses. In this context, developing privacy encryption technology has become the focus of industry and market.

Zero-knowledge proof is an advanced privacy protection technology. Zero-knowledge proof is a cryptographic technology proposed by MIT researchers in the 1980s. As the name implies, zero-knowledge proof implies that you are the legal owner of a certain right without leaking relevant information, that is, to give zero information to the outsiders. Therefore, trusted computing uses cryptography such as zero-knowledge proof to complete data calculation while ensuring data privacy. Privacy protection technology based on cryptography provides a trusted environment for data calculation. Whether it is personal information, enterprise business data or unique data resources, there are hidden dangers of data leakage in the process of data exchange, storage and calculation. Cryptographic algorithms represented by zero-knowledge proof provide a solution for data security and privacy.

Zero-Knowledge Proof Provides A New Direction For The

Development Of Blockchain

The development of blockchain can not be distinguished from privacy protection technology, and cryptography is just needed for distribution of books. In a conventional blockchain transaction, when assets are sent from one party to the other, the details of the transaction are visible to each party within the network. On the contrary, in a transaction with zero knowledge proof, others only know that a valid transaction has occurred, but do not know the sender, receiver, asset class and quantity. The identity and amount involved in the transaction can be hidden, and problems such as “jump the gun” can be avoided. Zero-knowledge proof protocol supports the transfer of assets on distributed blockchain network, and has complete privacy.

ZCash is the most prominent zero-knowledge proof in blockchain-based systems, which is also the first cryptocurrency to realize zk-Snarks. Since then, other blockchain systems have also added zero-knowledge proof to verify while protecting user/transaction privacy. Perhaps, the most famous is Ethereum which realized zk-Snarks as part of the Byzantine upgrade.

Lumino Ceremony – The Starting Point Of The Application Of Zero-Knowledge Proof In Blockchain Industry

Zero-knowledge proof can realize flexible data calculation interaction and cross-validation, though it is still difficult to realize. Since it needs repeated examples to prove that the answer is true, which requires highly to hashrate. Currently the efficiency of generating proof is about 7 seconds, which requires a lot of hashrate to improve the computing speed.

At present, the biggest challenge faced by privacy computing lies in how to improve the efficiency of privacy protection and realize large-scale commercial landing. Zero-knowledge proof depends on hardware facilities, and the research and development and production of special computing hardware require huge upfront costs, so this is why the concept of privacy computing has appeared since 2014 but so far there has not been a real project.

In 2021, PlatON, a private computing AI network, announced the official launch of Lumino, a secure multi-party computing ceremony, inviting global community participants to help the development of private computing technology.

Lumino is a large-scale activity that uses secure multi-party computing protocols to generate zero knowledge proof system public reference string (CRS) in a de-trust manner, and it is a prerequisite and an important step for deploying and using privacy-related applications in a decentralized ecosystem.

Lumino means luminous and illuminated in Chinese. In Platon/Alaya’s world, Lumino is a multi-party collaborative computing ceremony that creates the necessary security parameters for one of Platon/Alaya’s cryptographic infrastructures, the Zero-knowledge Proof Protocol.

The emergence of Lumino is a milestone, which means that the formal commercialization and large-scale promotion of zero knowledge are becoming possible.

About Author

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.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

Phil and Dom Kwok Now Worth $1.1 Billion as EasyA Reaches Unicorn Valuation

Published

20 minutes ago

on

October 22, 2026

By

San Francisco, CA, October 22nd, 2026, FinanceWire

Latest valuation vaults brothers Phil and Dom Kwok into the ranks of billionaires.

The latest valuation of AI and blockchain engine EasyA has propelled its co-founders, brothers Phil and Dom Kwok, into the ranks of billionaire founders as AI and blockchain heat up globally.

In the four years since launching in 2022, EasyA has become the engine powering the world’s leading AI and blockchain companies. The EasyA app has over 1.3 million users, and EasyA is the trusted partner of companies like Google, Amazon, Coinbase and Ripple.

The milestone puts the Kwok brothers among a new generation of founders whose fortunes are being built on AI and blockchain. The brothers’ combined stake in EasyA is now worth $1.1 billion.

“When Dom and I were coding EasyA in our childhood bedrooms, I couldn’t have imagined we’d be here today,” said Phil Kwok, Co-Founder and CEO of EasyA. “We’ve built a generational company by taking long-term decisions and only ever answering to our users.”

“Money isn’t the yardstick. What matters is how many lives we change along the way,” said Dom Kwok, Co-Founder and COO of EasyA. “People have learned to build on EasyA and come to our hackathons, and some have gone on to launch companies like Cognition. The companies our community has started are now worth around $50 billion combined. That’s what we’re proudest of.”

About EasyA

EasyA is the engine powering the world’s leading blockchain and AI companies. Our mission is to accelerate the development and adoption of the most important frontier technologies. The EasyA app has over 1.3 million users and partners with 350+ of the world’s top academic institutions, forming the launchpad for the latest generation of AI and blockchain applications. EasyA is the trusted partner of the world’s leading AI and blockchain companies like Google, Amazon, Coinbase, Ripple and many others.

Contact

Press at EasyA
EasyA
hello@easya.com

About Author

Cloud PR Wire

See author's posts

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

Tejere Anderson Services CEO Tejere Jolomi Thomas Outlines Community-Led Upstream Approach

Published

1 hour ago

on

October 22, 2026

By

Chief executive discusses upstream operations and community programmes in the Niger Delta.

ABUJA, Nigeria, October 22, 2026: Tejere Jolomi Thomas, Chief Executive Officer of Tejere Anderson Services and Executive Vice President of Ocean Wave Group, has set out an upstream approach centred on community programmes, technology and transparency.

Thomas has more than 20 years of experience in upstream operations, deep offshore and exploration, and the development of community programmes and engagement, working across onshore, swamp and creek environments in the Niger Delta. His focus is upstream operations that involve host communities as partners from the start.

Thomas was recruited in December 2010 for the Escravos Gas-to-Liquids (EGTL) project in Delta State, which kicked off in January 2011 and ran until July 2013.

Thomas is an associate of Government Oweizide Ekpemupolo, popularly known as Tompolo, a Niger Delta leader.

Since 2024, he has also led the protection and optimisation of pipeline networks at Ocean Wave Group.

SMART PETROLEUM GOVERNANCE

Thomas advocates Smart Petroleum Governance, a framework built on three pillars: modernisation, transparency and efficiency. It proposes digital monitoring systems that track operations in real time, data-driven decision-making, and security infrastructure designed to anticipate threats rather than react to them.

“Every upstream project begins in someone’s community. Get that relationship right and the rest of the work follows,” said Thomas. “Africa cannot measure or fairly distribute what it cannot see. We must govern our energy future intelligently, visibly and on our own terms.”

COMMUNITY ENGAGEMENT

An indigene of Kokori, Ethiope East Local Government Area, Delta State, Thomas works between energy investors, government institutions, contractors and host communities. His work focuses on reducing operational disruption, strengthening host-community engagement frameworks, and promoting equitable resource distribution and environmental responsibility.

ABOUT TEJERE ANDERSON SERVICES

Tejere Anderson Services is a Nigerian energy services company specialising in upstream oilfield support, community programmes development and engagement, and pipeline security, led by CEO Tejere Jolomi Thomas.

Solution Media Global Limited

8, Adebayo Adedeji Crescent, Utako, Abuja

Tel: +234 703 435 7040 | +234 909 414 2307

Email: info@solutionmediadigital.com

Media Contact

Organization: Tejere Anderson Services

Contact Person: Tejere Jolomi Thomas

Website: https://www.tejereanderson.com

Email: Send Email

Country: Nigeria

Release id: 50093

View source version on King Newswire:
Tejere Anderson Services CEO Tejere Jolomi Thomas Outlines Community-Led Upstream Approach

file

About Author

Cloud PR Wire

See author's posts

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

Azincourt Energy Hits Radioactive Zones in First Snegamook Holes as Uranium Term Prices Reach Nominal Record

Published

3 hours ago

on

October 22, 2026

By

Pune, India, October 22nd, 2026, FinanceWire

Disseminated on behalf of Azincourt Energy Corp. (TSXV: AAZ) (OTCQB: AZURF) (FSE: A0U0)

Azincourt Energy Corp. (TSXV: AAZ) (OTCQB: AZURF) (FSE: A0U0) said the first two holes of its 2026 drill program at the Snegamook uranium deposit in Labrador intersected zones of elevated radioactivity. The company is working to confirm historical drilling at the site and assess a possible first resource estimate.

The results, released Oct. 14, come as the long-term uranium contract price trades at a record high in nominal terms.

Hole SN0045 twinned historical hole SN-08-06. It cut multiple radioactive zones over a 30 metre interval, the company said. The best result was 0.07% eU3O8 over 0.6 metres, including 0.14% eU3O8 over 0.2 metres. Hole SN0046, drilled from the same pad at a steeper angle, cut a 25 metre radioactive zone. Its best result was 0.05% eU3O8 over 0.5 metres.

Historical sampling of SN-08-06 had returned 0.97% U3O8 over 0.5 metres. The new radiometric grades are lower than that historical interval.

“This program has confirmed the mineralizing system and setting of the Snegamook uranium deposit,” said Trevor Perkins, Azincourt’s Vice President of Exploration. He added that the results “demonstrate the small footprint and variability of the high-grade veins within this style of deposit.”

CEO Mark Tommasi said the holes provide useful information for verifying historical drilling. “Our focus is on building a reliable geological dataset through drilling and historical core review to guide the next stages of exploration and assess the potential for a future mineral resource estimate,” he said.

The grades are preliminary radiometric estimates. Samples have been sent to ACTLabs in Ancaster, Ontario. Assay results are expected early next year.

Azincourt now plans about 2,000 metres of drilling in 6 to 7 holes. The company had earlier completed a prospecting program at its Harrier Project, which hosts Snegamook.

Historical drilling in 2007 and 2008 outlined a 20 to 50 metre-wide zone of uranium-bearing rock at Snegamook. A preliminary resource estimate was prepared in 2008 but was never finalized or filed. There is no current or historical mineral resource for the deposit.

In 2025, a 10 cm check sample from hole SN-08-06 returned 2.71% U3O8. In January, the company reported that a 2025 sample from the Brook Showing on the Harrier Project returned 6.28% U3O8. Both were selective samples and may not reflect overall grade.

Harrier sits in Labrador’s Central Mineral Belt. ATHA Energy Corp. (TSXV: SASK) (OTCQX: SASKF) holds the historical Moran Lake C and Anna Lake deposits in the belt. Paladin Energy Ltd (ASX: PDN) (TSX: PDN) (OTCQX: PALAF) holds the Michelin project there.

Record contract prices

The long-term uranium price reached $96 per pound in late summer, topping the $95 high set in 2007. That is a record in nominal terms, though not after adjusting for inflation. Cameco’s month-end data put it at $96.50 in August and September. Spot uranium traded near $90 in mid-October. Utilities placed about 116 million pounds under long-term contracts in 2025, according to UxC data cited by Cameco Corp. (NYSE: CCJ) (TSX: CCO). Cameco said that volume was below the replacement rate. On its July 31 earnings call, Cameco said customers continue to focus on security of supply. 

Supply pressure in Kazakhstan

Kazatomprom, which produced about 20% of the world’s primary uranium in 2025, said in August its new sulfuric acid plant would be delayed six to 12 months. The contractor had found possible fossils during earthworks at the site. The company said it would assess the impact against its existing acid sources.

In September, Russia required government approval for sulfuric acid exports through year-end. Trade data show Russia supplied 93.6% of Kazakhstan’s acid imports in 2023. Kazatomprom said the rule is not a ban and that Russian suppliers plan to honor 2026 contracts. It said it does not expect a material effect on its 2026 production guidance.

Producers report gains

Paladin said in August its 75% owned Langer Heinrich Mine in Namibia produced 4.82 million pounds in fiscal 2026, at the upper end of guidance. Sales revenue rose 71% to 304.3 million U.S. dollars. ATHA closed about 63 million Canadian dollars in financing in February to advance its Angilak project in Nunavut. Azincourt also holds an option on the Sylvia Lake uranium project in Labrador. It also owns the East Preston project in Saskatchewan’s Athabasca Basin.

About Azincourt Energy Corp.

Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its East Preston uranium project located in the Athabasca Basin, Saskatchewan, and its Snegamook and Harrier uranium projects, located in the Central Mineral Belt of Labrador. For more information, visit www.azincourtenergy.com

Other uranium names investors follow include Uranium Energy Corp. (NYSE American: UEC), Energy Fuels Inc. (NYSE American: UUUU), Centrus Energy Corp. (NYSE: LEU) and Denison Mines Corp. (NYSE American: DNN). Together with Cameco, these companies span mining, milling, enrichment, and development across North America.

Disclaimer

USA Stock Report is a financial media publication operated by Akchirpy Media LLP. We are not a registered broker-dealer, investment adviser, or financial analyst. Nothing in this article is a recommendation to buy, sell, or hold any security. This article about Azincourt Energy Corp. (TSXV: AAZ) (OTCQB: AZURF) (FSE: A0U0) is a paid advertisement. Pursuant to Section 17(b) of the Securities Act of 1933, USA Stock Report discloses that it has been compensated five thousand USD by a third party for ticker tag services on AZURF for 10/22/2026. This compensation is a major conflict of interest. Readers should view this article as advertising and not as independent analysis. USA Stock Report, Akchirpy Media LLP, and their owners and employees do not hold shares of Azincourt Energy Corp. and will not buy or sell its shares during the coverage period. Information about Azincourt is drawn from the company’s public news releases dated January 21, August 4, September 2, September 16, October 2, and October 14, 2026. Market and industry information is drawn from public disclosures by Cameco, Kazatomprom, Paladin Energy and ATHA Energy, and from public market and trade data. We have not independently verified this information. Companies other than Azincourt are named for context only and have no affiliation with Azincourt. UsaStockReport has not received compensation from Cameco Corp., Uranium Energy Corp., Energy Fuels Inc., Centrus Energy Corp., Denison Mines Corp., Paladin Energy Ltd or ATHA Energy Corp. These companies are mentioned for informational and industry context only and have no affiliation with Azincourt Energy Corp. or this article. Radiometric equivalent grades (eU3O8) are preliminary and must be confirmed by laboratory assay. Reported intervals are drill hole lengths, not true thicknesses. Selective and surface samples are not representative of overall grade. Historical assay results are not directly comparable to radiometric estimates. There is no current mineral resource at the Snegamook deposit. Historical results and third-party resource figures for nearby deposits have not been verified by the company and may not reflect mineralization at the Harrier Project. This article contains forward-looking statements, including statements about planned drilling, assay results, and a possible future mineral resource estimate. These statements involve risks and uncertainties. Actual results may differ materially. We undertake no obligation to update this article. Shares of early-stage exploration companies are highly speculative and can be volatile and illiquid. Investors may lose their entire investment. Always do your own research and consult a licensed financial professional before investing. For guidance on evaluating paid stock promotions, visit the SEC’s investor education site at www.investor.gov.

Sources

https://finance.yahoo.com/energy/articles/azincourt-energy-completes-harrier-prospecting-210000162.html

https://finance.yahoo.com/energy/articles/azincourt-energy-reports-initial-results-070500942.html

Cameco Q2 2026 results news release

https://www.cameco.com/media/news/cameco-reports-2026-second-quarter-results

Cameco Q2 2026 earnings call transcript

https://www.cameco.com/sites/default/files/documents/CCO-transcript-2026-Q2-call.pdf

Contact

Editor
Ash K
UsaStockReport
editor@usastockreport.com

About Author

Cloud PR Wire

See author's posts

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

Like Us
Follow Us
Subscribe Us
Follow Us