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Lumino Secure Multi-Party Computing: A New Generation Of Data Security Sharing Solution

Published

5 years ago

on

The Dilemma Of Digital Economy

The most critical and cardinal element of the digital economy is data. Data is the “oil” of digital economy. Hence, utilizing the “data oil” safely and efficiently is the focal point of global economic digital transformation. On the one hand, the digital economy has entered a high-speed development age. The global digital economy has reached 36.2% of global GDP. It is necessary to open up the “data island” among enterprises and establish an open and shared digital resource environment. On the other hand, the public is paying more and more attention to personal privacy and data security, and regulators have introduced a series of regulations to ensure information security. For example, car companies buy parts back and assemble them into cars, the ownership belongs to the car companies, while parts manufacturers also make it clear that once the parts are sold to factories, the factories have ownership. But the data level is more sensitive. Personal data include the face, voice, name, height and other sensitive personal privacy specifics. How to define the ownership of the data between these parties? At present, there are no clear legal provisions, nor the industry has clear answers. In foreign practice, the EU has made very strict data protection regulations, but the entire EU data information technology industry lags behind China and the United States.

Because data protection is too strict, data from different sources do not interact, data is not open and can not interact to generate value and to improve the efficiency of the economy as a whole. The EU is not a good example, because it does not balance the relationship between data privacy protection and the development of the data industry.

Privacy protection and data security need multi-party promotion

Facing the dilemma of data security and sharing, the “available and invisible” secure multi-party computing provides us with an innovative solution.

Secure multi-party computing is a calculation process performed by multiple participants. Multi-party computing technology includes inadvertent transmission, secret sharing and confusing circuit. Multi-party computing has the advantage of high confidentiality and maneuverability, and each party has absolute control over the data it owns. Secure multi-party computing can be applied to networks where participants are not trusted. Participants can know the agreed results of collaborative computation, but they can’t get or deduce the original contents of the data. The flow of data and the collaborative analysis are of great value in all industries, and have brought about a lot of application demands. There are two main scenarios in the market:

1) Data security query

In the big data age, the data that the enterprise holds itself often cannot satisfy the demand of business analysis, many enterprises will purchase the external data to expand the data source. When an enterprise uses an external database to query, it faces the risk of divulging the query condition information. MPC technology helps enterprises to set up a secure query to obtain more external data under the condition of ensuring their own data security, thereby deepening the digital transformation and making better use of big data technology to optimize business.

2) Data joint analysis

Joint analysis often faces two headwinds. On one hand, it is illegal to trade personal privacy information. On the other hand, data sharing makes data-holding companies lose their competitive edge. MPC technology, through inadvertently querying, makes the data not public, the query object not exposed, and the results can be correctly given feedback for, which has an important application in the financial risk control business.

Lumino: new ideas for secure multi-party computing

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. The activity now focuses on the PLONK algorithm. As a practical and efficient zk-SNARK algorithm, PLONK is often used in blockchain projects and communities, which is characterized by only one-time initialization process, i. e. running once, it can be used to support a variety of underlying circuit logic and multi-class application deployment.

Lumino’s vision, from the start, was to link the world’s cryptographic geeks to become co-creators and witnesses of privacy computing infrastructure, not just an event but a ritual. We changed the method of centralizing system parameters into a distributed one. For a truly community-based and open-source blockchain ecosystem, each of which is the most critical link, and each participant who joins makes the bottom one safer, which would be a ceremonial collective wisdom.

Lumino is the cornerstone of subsequent de-centering privacy protection applications based on zero-knowledge proof, and the subsequent de-centralization applications will be safer only if the activity is safely completed.

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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

The First Multichain Wallet Embraces Privacy in Daily Swaps and Sends

Published

45 minutes ago

on

May 13, 2026

By

In Web3, transparency has always been a defining feature. Every transaction is recorded on-chain, visible to anyone, and verifiable in real time. While this openness underpins trustless systems, it also creates an overlooked trade-off: the loss of financial privacy.

Today, as more users actively engage with DeFi and on-chain applications, this trade-off is becoming harder to ignore.

When transparency becomes overexposure

From token swaps to simple transfers, nearly every on-chain action leaves a public footprint. Wallet balances, transaction histories, and behavioral patterns can all be tracked—often without users fully realizing it.

For many, this level of transparency was once seen as a necessary compromise. But as the ecosystem matures, expectations are changing. Users are beginning to ask a different question:

Should participating in Web3 mean giving up control over your financial data?

Privacy: the missing layer of Web3

While infrastructure around scalability and interoperability has rapidly evolved, privacy remains one of the least addressed aspects of the user experience.

Historically, privacy tools have been complex, fragmented, or limited to niche use cases. As a result, everyday users—those simply swapping tokens or sending assets—have had little access to practical privacy solutions.

This is where a shift is beginning to take place.

Bringing privacy into everyday transactions

Coin98, a multichain wallet known for simplifying cross-chain interactions, is introducing Private Mode—a feature designed to bring privacy directly into two of the most common on-chain actions: swapping and sending.

Rather than treating privacy as an advanced feature, Private Mode integrates it seamlessly into the existing wallet experience.

With just a simple toggle, users can activate:

  • Private Swap: Helping reduce the visibility of transaction patterns. This also helps mitigate the risks of predatory bots and front-running by reducing the visibility of trading intent.

Private Send: Making transfers untraceable, ensuring your financial footprint remains your own.

Learn more about the product.

Designed for real-world usage, not just experts

One of the biggest barriers to privacy in Web3 has been usability. Many solutions require technical knowledge or involve multiple steps that deter mainstream adoption.

Coin98 takes a different approach: making privacy intuitive.

There is no need for additional tools, complex setups, or deep technical understanding. Users interact with the same familiar interface—only now with the option to choose when and how their activity is exposed.

As a result, privacy becomes part of the default user experience, rather than an afterthought.

A step toward user-controlled Web3

The introduction of Private Mode reflects a broader shift in how Web3 products are evolving—from purely transparent systems to more user-controlled environments.

Transparency remains essential for security and verification. But without privacy, users are left with limited autonomy over their own data.

By embedding privacy into everyday actions, Coin98 is helping to redefine this balance.

“Web3 has always been built on transparency, but users shouldn’t have to sacrifice privacy to participate. With Private Mode, we’re making privacy a seamless part of everyday on-chain transactions.”

As the conversation around privacy continues to grow, solutions that integrate seamlessly into existing user behaviors will likely play a key role in shaping the next phase of Web3 adoption.

Looking ahead

Privacy is no longer a niche concern—it is becoming a fundamental expectation.

And as more users enter the space, the demand for simple, accessible, and effective privacy tools will only increase.

With Private Mode, Coin98 positions itself at the forefront of this shift—bringing privacy not just to advanced users, but to everyday transactions across chains.

Explore Private Mode on Coin98 and take control of your on-chain privacy.

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Press Release

Tapes To Digital Provides VHS, Camcorder and Audio Cassette Conversion Services Across the UK

Published

2 hours ago

on

May 13, 2026

By

Tapes To Digital, a UK-based tape conversion service, provides digital transfer for VHS, VHS-C, Betamax, Video8, Hi8, Digital8, MiniDV, audio cassette and other legacy media formats. The company has completed conversions for more than 100,000 customers across the UK and Australia, with drop-off locations across Greater London, the South East, East of England, West Yorkshire and the West Midlands.

United Kingdom, 13th May 2026 – Tapes To Digital, a UK-based tape conversion service, offers digital transfer services for a wide range of legacy tape formats across the country. The company provides conversion for VHS, VHS-C, Betamax, Video8, Hi8, Digital8, MiniDV, MicroMV, U-Matic, Betacam and audio cassette tapes, alongside other media formats including vinyl records, reel-to-reel tapes, MiniDisc and DAT.

Magnetic tape, which has been a common format for home recordings since the 1970s, has a typical recommended storage lifespan of 20 to 30 years according to archival guidelines. Many tapes recorded during the 1980s, 1990s and early 2000s now fall within or beyond this period. Tapes To Digital provides households and organisations with a route to transfer the contents of older media into modern digital formats.

Playback equipment for older tape formats has also become harder to source in recent years. Production of new VHS recorders ended in 2016, and machines for formats such as Betamax, Video8 and MiniDV are increasingly available only through specialist suppliers.

“We work with customers across the UK who want to access old family videos, audio recordings and archive footage on modern devices,” said a spokesperson for Tapes To Digital. “Digital conversion provides a way to view, share and store content from formats that would otherwise require equipment that is no longer widely available.”

Tapes To Digital has completed conversions for more than 100,000 customers across the UK and Australia, processing over 10 million items of media to date. Customers receive their original tapes back alongside digital copies supplied on USB, DVD or via cloud storage. The company also provides repair services for tapes affected by mould, broken casings or sticky-shed syndrome prior to conversion.

All work is carried out in-house in the UK, with no tapes sent overseas. Drop-off locations are available across Greater London, the South East, East of England, West Yorkshire and the West Midlands. The company offers VHS to digital conversion and other tape transfer services with pricing from £15 per tape, with reduced rates available for larger volumes.

In addition to tape conversion, Tapes To Digital offers photo scanning, slide and negative digitisation, video editing, montage production, and floppy disk and Zip disk data recovery.

For more information or to request a quote, visit www.tapestodigital.co.uk or call 0800 707 4227.

About Tapes To Digital 

Tapes To Digital is a UK tape conversion service that transfers VHS, camcorder, audio cassette and other legacy media formats to digital. With drop-off locations across Greater London, the South East, East of England, West Yorkshire and the West Midlands, the company has completed conversions for over 100,000 customers. All conversions are carried out in-house, and damaged tape repair is available. For more information, visit www.tapestodigital.co.uk.

Media Contact: 

Tapes To Digital 

Email: contact@tapestodigital.co.uk 

Phone: 0800 707 4227 

Web: www.tapestodigital.co.uk

Media Contact

Organization: Tapes To Digital UK

Contact Person: Tapes To Digital UK

Website: https://tapestodigital.co.uk

Email: Send Email

Country:United Kingdom

Release id:44936

The post Tapes To Digital Provides VHS, Camcorder and Audio Cassette Conversion Services Across the UK 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

Payless Promotions Marks 25 Years of Operation in Australian Promotional Products Industry

Published

2 hours ago

on

May 13, 2026

By

Payless Promotions, an Australian supplier of promotional products, branded merchandise, and uniforms, marks 25 years of operation in 2026. The company has accumulated more than 1,300 five-star customer reviews and reports that more than 70 percent of annual revenue is generated from repeat customers. Women hold 80 percent of leadership positions, with team tenures of 8 to 25 years. The company maintains a Modern Slavery Policy and carbon reporting capability.

Payless Promotions, an Australian supplier of promotional products, branded merchandise, and uniforms, has marked 25 years of operation in 2026. The company serves clients across government, healthcare, education, enterprise, Aboriginal community, and childcare sectors nationwide.

The business has accumulated more than 1,300 five-star customer reviews over its 25 years of operation. According to company data, more than 70 percent of annual revenue is generated from repeat customers. Women hold 80 percent of leadership positions, and members of the leadership team report tenures ranging from 8 to 25 years with the company.

Company Background

Founder and CEO Guy Dawson established Payless Promotions 25 years ago to serve organisations managing uniforms and merchandise across multiple sites. The company identified a market need among clients running multi-site uniform and merchandise programs, particularly the administration involved in approval workflows, order reconciliation, and consistency across locations.

“Our clients needed systems to reduce administration time and improve consistency across locations,” said Dawson. “That is what we set out to build over the past 25 years.”

The company invested in custom-built technology rather than off-the-shelf software, developing e-client portals, approval workflows, automated reporting tools, and API integrations for client use. According to company reports, clients using these systems have reduced internal uniform and merchandise administration time by up to 70 percent.

Client Sectors

Payless Promotions reports a client base that includes government departments, healthcare networks, ASX-listed enterprises, Aboriginal community organisations, education providers, and childcare operators. The company states that the majority of its revenue is generated from clients with multi-site procurement requirements where consistency and reporting are operational priorities.

Team and Leadership Tenure

The Payless Promotions leadership team consists of staff who have been with the company for periods ranging from 8 to 25 years. Women hold 80 percent of leadership positions across the business. The company reports that long staff tenure has supported continuity in client account management, with clients working with the same account contacts over multiple years.

Operations and Supply Chain

Payless Promotions operates direct supplier partnerships across Australia and China. The company maintains market-rate tracking processes to monitor pricing across its product catalogue and reports that this supply chain structure supports its lead time and pricing positions.

The product range includes promotional merchandise, custom workwear, hi-vis safety clothing, corporate and sports uniforms, school and healthcare uniforms, Year 12 jerseys, corporate gifts, and an eco-friendly and sustainable merchandise range. The full catalogue is available at paylesspromotions.com.au.

Compliance

The company maintains a Modern Slavery Policy and conducts supplier assessments that meet enterprise compliance requirements. It also provides carbon reporting for clients with net-zero reporting requirements.

Outlook

“We continue to invest in digital reach, platform development, and product range as we enter the next phase of operation,” said Dawson.

Dawson confirmed that he remains directly contactable by clients, with his direct number available on request.

About Payless Promotions

Payless Promotions is an Australian-owned supplier of promotional products, branded merchandise, and uniforms. The company has operated for 25 years and serves clients across government, healthcare, enterprise, education, and community sectors. More information is available at paylesspromotions.com.au.

Media Contact

Payless Promotions 

Email: info@paylesspromotions.com.au 

paylesspromotions.com.au

Media Contact

Organization: Payless Promotions

Contact Person: Guy Dawson

Website: https://paylesspromotions.com.au/

Email: Send Email

Contact Number: +611300658610

Address:1/11 Foster Street, 3850

City: Sale

State: Victoria

Country:Australia

Release id:44934

The post Payless Promotions Marks 25 Years of Operation in Australian Promotional Products Industry 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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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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