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ORC, The Dark Horse in OPEN Eco-Layout

Published

6 years ago

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Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.

When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.

As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.

DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.

OPEN – Bring a wider range of assets to DeFi

OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.

Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.

Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.

OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.

Open Swap – Decentralized Exchange

Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.

Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself.  Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.

Open Lend – Hybrid Lending Market

Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.

This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.

Open Stable – Asset Protocol Aggregation Platform

Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.

OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.

And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.

Open Link Oracle

OpenLink is the first distributed oracle on OC.

It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.

Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OC’s interoperability with other blockchains to expand the Open financial ecosystem?

ORC – An ultimate solution to blockchain interoperability.

Open Reactor

Open Reactor – Cross-chain protocol

Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.

The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.

ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.

The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

ORC Value Analysis 

  1. Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.

OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.

  • Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.

Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.

  • Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.

ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.

  • Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

  • Push ahead with the rapid establishment of global financial integration or regional economic integration.

Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.

Conclusion

If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.”  Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”

About us

https://www.openfin.network/#/

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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

HandwrittenToExcel.com Launches AI Tool to Convert Handwritten Documents to Excel Sheets

Published

57 minutes ago

on

July 30, 2026

By

HandwrittenToExcel.com has launched an AI tool that automates the conversion of handwritten documents into Excel spreadsheets, removing manual data entry for organizations processing paper records.

United States, 30th Jul 2026 – HandwrittenToExcel.com has launched a web-based tool that uses AI to read handwritten documents and convert them into Excel spreadsheets. The tool was developed to address the time and labor costs associated with manually transcribing handwritten forms, timesheets, and field records into digital spreadsheets, a process that remains common across industries including construction, agriculture, healthcare, and education.

The tool works without predefined templates. Users upload a photo or scan of a handwritten document and receive a structured Excel file with each handwritten value mapped to the correct row and column. The system handles print, cursive, and mixed handwriting styles, and processes documents it has not seen before without prior configuration.

Since launch, the platform has been used by over 5,000 organizations and has processed more than five million pages. A staffing agency using the tool to process weekly timesheets for 300 field employees reported eliminating weekend data entry shifts within one day of deployment. A school district processing handwritten attendance sheets from 15 locations daily reported reducing what had been a two-person manual operation to a task completed in minutes.

The platform is SOC 2 Type 2 certified and HIPAA compliant. Uploaded documents are deleted within 24 hours and are not retained for AI training purposes. HandwrittenToExcel.com is powered by Lido.

About HandwrittenToExcel.com

HandwrittenToExcel.com is a document conversion tool that uses AI to turn handwritten forms and records into structured Excel spreadsheets. It is SOC 2 Type 2 certified, HIPAA compliant, and powered by Lido.

Media Contact

Organization: HandwrittenToExcel.com

Contact Person: Daniel Mercer

Website: https://www.handwrittentoexcel.com/

Email: Send Email

Country:United States

Release id:47712

The post HandwrittenToExcel.com Launches AI Tool to Convert Handwritten Documents to Excel Sheets 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

Gambling.com Group Is Now Grandstand

Published

57 minutes ago

on

July 30, 2026

By

Charlotte, North Carolina, USA, July 30th, 2026, FinanceWire

New Name Captures Company’s Evolution into the Intelligence Layer of Sports, Gaming and Entertainment.

Gambling.com Group Limited (Nasdaq: GAMB) (the “Company”) today announced that it has changed its name to Grandstand Limited. Beginning with the market open tomorrow, July 23, 2026, the Company’s ordinary shares will trade on the Nasdaq Global Market under the ticker symbol “GRSD”. The Company’s new corporate website is live at grandstand.com.

Since its IPO in July 2021, the Company has materially diversified its business beyond performance marketing. The rebrand to Grandstand evolves the company name to better align with where it sits today – at the heart of the sports and gaming ecosystem, making consumers sharper and partners stronger through its broad portfolio of data, technology, content and audience solutions.

The new corporate name draws a clear distinction between Grandstand, the company, and Gambling.com, the consumer brand, which will continue to operate as a trusted comparison and reviews website. 

“Grandstand captures our position as the intelligence layer powering informed decisions for consumers and partners across sports, gaming and entertainment,” said Kevin McCrystle, Chief Executive Officer and Co-Founder of Grandstand. “The new name Grandstand brings together the broad array of products and services in our portfolio, while also creating room for what we are building now and our long-term roadmap.”

The Full Grandstand

Today, Grandstand serves both consumers and partners. Grandstand’s consumer brands reach millions of people globally, helping people find the best odds, discover the right casino, win their fantasy league, and get the most out of Las Vegas. Brands such as OddsJam, RotoWire, Gambling.com, Casinos.com, and WhichBingo tap into unique audiences and help inform users.

Grandstand’s partner solutions span data, advertising and technology across four core areas:

  • Sports Data: Real-time odds data, line movement, injuries and sports content that powers decisions across sportsbooks, trading desks, market makers, fantasy platforms and sports media through OpticOdds and RotoWire.
  • Advertising: Adtech and commercial solutions to connect casino and sportsbook operators with relevant audiences on trusted consumer brands.
  • Audience Monetization: Technology and commercial support platform that gives media companies, apps, communities and influencers the infrastructure to monetize their audiences at scale through Grandstand Partners.
  • Entertainment & Tickets: Ticketing and experiences for Las Vegas venues, casinos and hotels through Spotlight.Vegas.

Existing shareholders are not required to take any action. The Company’s ordinary shares continue to be listed on Nasdaq and the CUSIP remains unchanged.

About Grandstand

Founded in 2006, Grandstand (Nasdaq: GAMB; to change to GRSD on July 23, 2026) is the intelligence layer powering informed decisions for consumers and partners across sports, gaming and entertainment. Grandstand’s brands include OddsJam, OpticOdds, RotoWire, Gambling.com and Casinos.com. Its partner solutions span sports data, advertising, audience monetization and entertainment and tickets. For more information, visit grandstand.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our current expectations and views of future events. All statements other than statements of historical facts contained in this press release, including statements relating to the anticipated benefits of changing our corporate name from Gambling.com Group to Grandstand and the related rebranding activities, are all forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” “could,” “will,” “would,” “ongoing,” “future” or the negative of these terms or other similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, contingencies, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance, or achievements to be materially and/or significantly different from any future results, performance or achievements expressed or implied by the forward-looking statement. Important factors that could cause actual results to differ materially from our expectations are discussed under “Item 3. Key Information – Risk Factors” in our annual report filed on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission (the “SEC”) on March 19, 2026, and our other filings with the SEC as such factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

Media Contact:

Christine Doh

Grandstand

press@grandstand.com

Contacts

Peter McGough
SVP, Investor Relations and Capital Markets
investors@grandstand.com
973-873-7686
Richard Land
Managing Director, Alliance Advisors IR
GrandstandIR@allianceadvisors.com
973-873-7686

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Press Release

The Alliterative Alphabet Book Builds Publishing Momentum After BIBF 2026

Published

57 minutes ago

on

July 30, 2026

By

The Alliterative Alphabet Book by John Akin has gained international exposure after its presentation at the 2026 Beijing International Book Fair. Featured at the Explora Books exhibition last June, the independently published children’s picture book was introduced to publishers, booksellers, and rights professionals, prompting discussions about literary representation and broader media opportunities.

John Akin’s The Alliterative Alphabet Book takes readers on a joyful romp through the alphabet, pairing each letter with a wonderfully wordy character—from “amazingly agile acrobat” Angie Axlerod to “zealous zoologist” Zachary Zellenbach—brought to life through the vivid illustrations of Alexis Eastburn. Unlike traditional alphabet books aimed solely at toddlers, Akin’s collection uses a richer, playful vocabulary designed to be read aloud by older children, teenagers, or adults to younger listeners. The result is a shared, multigenerational reading experience that celebrates language, sound, and wordplay. 

Building on the attention generated at the Beijing International Book Fair, Explora Books confirmed that The Alliterative Alphabet Book will be featured in an upcoming edition of The New York Times Magazine, introducing the book to a broader readership. At the same time, Explora Books is actively engaging with literary agents to expand opportunities for literary representation. 

A former elementary special education teacher, John Akin spent years immersed in children’s literature, an experience that inspired him to write a book of his own. Drawing on a lifelong fascination with alliteration, Akin created The Alliterative Alphabet Book as a playful tribute to language, humor, and the joy of reading aloud. 

As part of its ongoing efforts to expand publishing opportunities for independent authors, Explora Books continues to engage with literary agents, publishers, and rights professionals to explore representation opportunities for The Alliterative Alphabet Book. Additional information about the title is available at john-akin.com. 

The Alliterative Alphabet Book is available through Amazon and other major online bookstores.

About Explora Books 

Explora Books is a book marketing firm located in the heart of Vancouver, British Columbia, Canada. The company specializes in self-publishing and marketing, taking pride in its exhaustive research and creative strategies that provide wider avenues for aspiring authors to gain recognition for their works. Explora Books aims to guide authors through the complexities of self-publishing, offering convenient solutions to navigate this process. The firm fosters and redefines creativity and innovation, setting new industry standards. Explora Books is dedicated to empowering authors globally.

Media Contact

Organization: Explora Books Ltd

Contact Person: Simon Pratt

Website: https://explorabooks.com/home

Email: Send Email

Contact Number: +16043306795

Address:Jameson Offices, 838 W Hastings St w, Vancouver, BC V6C 0A6, Canada

City: Vancouver

State: British Columbia

Country:Canada

Release id:47701

The post The Alliterative Alphabet Book Builds Publishing Momentum After BIBF 2026 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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