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ORC, The Dark Horse in OPEN Eco-Layout

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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 OCs 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.”

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

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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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Press Release

Monica Goyal Launches “Responsible AI in Law” Personal Pledge

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Ontario, Canada, Jun 09, 2026, ZEX PR WIRE — Monica Goyal, Vice President of Legal Innovation at Briefly Legal, has announced the launch of a new personal initiative called the “Responsible AI in Law Pledge,” a public commitment focused on ethical AI adoption, accessibility, education, and balanced technology use within the legal profession and beyond.

The pledge comes at a time when artificial intelligence is rapidly transforming workplaces, education, and professional services. According to Goldman Sachs, AI could impact up to 300 million full-time jobs globally, while a 2025 Thomson Reuters report found that 77% of legal professionals believe AI will have a high or transformational impact on the legal industry within the next five years.

At the same time, access-to-justice challenges continue to grow. The World Justice Project estimates that 5.1 billion people globally lack meaningful access to justice, while studies in Canada and the United States continue to show that many individuals cannot afford traditional legal support.

Goyal says the conversation around AI should focus not only on productivity, but also on responsibility and long-term impact.

“I really felt legal tech could help bridge the gap for people who cannot afford legal services currently,” Goyal said.

The pledge is rooted in lessons from her own career working at the intersection of engineering, law, and legal innovation.

“In the area that I work in, to be successful, you need to understand both the law and the business of law, along with technology,” she said.

Goyal also emphasized the importance of steady progress over quick wins.

“Little steps over a year can have a huge impact,” she said. “That’s how I approach long-term goals.”

She says the initiative is intentionally practical and designed for everyday professionals, students, and individuals trying to navigate a rapidly changing digital environment.

“People need to understand how technology is changing the profession,” Goyal said. “The future requires both technical awareness and human judgment.”

She also believes personal well-being must remain part of the conversation.

“You can really work too much,” she said. “It’s important to have balance in life.”

Monica Goyal’s 7 Personal Commitments

As part of the pledge, Goyal outlined seven ongoing personal commitments:

  1. I will continue learning about AI responsibly instead of blindly adopting trends.

  2. I will prioritize human judgment alongside technology in professional decisions.

  3. I will dedicate time each month to mentoring or educating others about legal innovation and AI awareness.

  4. I will advocate for technology that improves access and inclusion, not just efficiency.

  5. I will remain transparent about the limits and risks of AI systems.

  6. I will protect time for mental wellness, meditation, and balance outside of work.

  7. I will focus on long-term impact rather than short-term hype.

Why This Issue Matters Right Now

  • 77% of legal professionals believe AI will significantly reshape the legal field within five years

  • 5.1 billion people worldwide lack meaningful access to justice

  • Over 50% of legal needs in North America go unmet due to cost or complexity

  • AI adoption in professional services has accelerated dramatically since 2023, especially in law, healthcare, and finance

“Do It Yourself” Responsible AI Toolkit

Goyal is encouraging people to start with simple actions that require no paid services or specialized background.

7 Actions Anyone Can Take

  1. Read one article each week about AI ethics or digital literacy

  2. Learn the basics of how generative AI tools work

  3. Fact-check AI-generated information before sharing it

  4. Set boundaries around screen time and notifications

  5. Spend 15 minutes daily learning a new professional skill

  6. Schedule regular breaks away from devices

  7. Reflect monthly on whether technology is improving or distracting from your goals

30-Day Progress Tracker

Week 1

  • Learn one new fact about AI or digital ethics

  • Reduce unnecessary screen time by 15 minutes daily

Week 2

  • Share one educational resource with another person

  • Practice one hour of uninterrupted focused work

Week 3

  • Take one full evening away from devices

  • Write down one long-term personal or career goal

Week 4

  • Reflect on how technology affects productivity and stress

  • Commit to one long-term healthy digital habit

Goyal hopes the pledge encourages more thoughtful conversations around technology, responsibility, and balance.

“Success is about impact,” she said. “It’s about what changes because of the work you do.”

Readers are encouraged to take the pledge personally, adapt the toolkit to their own routines, and share the framework with colleagues, students, and communities.

About Monica Goyal

Monica Goyal is a Toronto-based legal innovator, engineer, and lawyer serving as Vice President of Legal Innovation at Briefly Legal. She holds degrees from the University of Waterloo, Stanford University, and the University of Toronto Faculty of Law. Goyal is the founder of My Legal Briefcase and Aluvion Law and has spent more than a decade working in legal AI, innovation, workflow automation, and access-to-justice initiatives. She has been recognized as one of the ABA’s Ten Women to Watch in Legal Tech and a Fastcase 50 recipient.

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Press Release

Blockchain Week Bulgaria 2026 Brings European Blockchain and Finance Leaders to Sofia

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Digital Finance, AI, and Blockchain Infrastructure take center stage atSofia Tech Park between 23-25 September 2026

Between 23–25 September 2026 the Blockchain Week Bulgaria 2026 will bring together technology leaders, financial institutions, policymakers, researchers, and infrastructure providers at Sofia Tech Park. Designed as a European platform for dialogue and collaboration, the week will explore the future of digital finance, tokenisation, artificial intelligence infrastructure, cybersecurity, distributed systems, and digital sovereignty.

The programme combines two major conferences: ETHSofia, focused on blockchain technology, infrastructure, and research, and F3 – Future Finance Forum, dedicated to the transformation of financial systems and capital markets. Together, they reflect the connection between next-generation digital infrastructure, AI, and institutional finance.

ETHSofia serves as the technical and infrastructure pillar of Blockchain Week Bulgaria, bringing together engineers, researchers, protocol architects, developers, and technology leaders working on the foundations of next-generation digital systems. The conference focuses on distributed computing, blockchain infrastructure, cybersecurity, privacy-preserving technologies, AI infrastructure, and scalable network architectures. Discussions will explore how secure and resilient systems are being designed and deployed across both public and enterprise environments, with an emphasis on research, engineering excellence, and real-world implementation.

F3 – Future Finance Forum will address the institutional adoption of digital technologies across banking, payments, capital markets, and public-sector infrastructure. Key topics include tokenisation, digital assets, central bank digital currencies (CBDCs), settlement infrastructure, regulatory developments, fintech innovation, and the role of AI in financial systems. The event will attract banks, financial institutions, policymakers, fintech executives, infrastructure providers, and institutional investors from across Europe.

Blockchain Week Bulgaria 2026 is supported by a growing network of industry and ecosystem partners such as Platinum Sponsor UEB3; Silver Sponsor Pashov Audit Group; Bronze Sponsors UNRAMP and BITOMAT; and Hosting and Infrastructure Provider BRAIN++.

A key collaborator of the event is BRAIN++, the Bulgarian AI Factory and part of the EuroHPC network of AI factories. Powered by Discoverer+ and soon upgraded to Discoverer++, BRAIN++ provides the fintech sector with on-demand access to sovereign and open-weight frontier AI models, combined with secure, in-country data infrastructure. 

Strategic ecosystem partners include the University of National and World Economy (UNWE) and the Financial Supervision Commission, reflecting the event’s commitment to connecting technology, finance, academia, and public institutions.

Participants and invited organisations across Blockchain Week Bulgaria include representatives from the Digital Euro Association, Sygnum Bank, Crédit Agricole, Chainlink Labs, ChainSecurity, the Aave Chain Initiative, and a broad range of European institutional and infrastructure stakeholders.

“Europe is entering a new phase of digital transformation where AI, financial infrastructure, and distributed technologies are increasingly interconnected,” said the Blockchain Week Bulgaria organising team. “Our goal is to create a platform where technical experts, institutions, and policymakers can engage in meaningful discussions about the systems that will shape the next decade.”

Taking place at Sofia Tech Park, Blockchain Week Bulgaria 2026 highlights Sofia’s growing role in Europe’s digital infrastructure landscape and provides a platform for conversations that extend beyond technology into policy, regulation, finance, and economic competitiveness.

Additional speakers, partners, and side events will be announced in the coming months as Blockchain Week Bulgaria 2026 continues to expand its programme and international participation. 

For event information and registration, visit www.blockchainweek.bg

Tickets are available with 20% off across all ticket categories using the promo code BLOCKMAN20.

Media inquiries, accreditation requests, and partnership opportunities can be directed to partners@blockchainweek.bg

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Press Release

Tampa Homeowners Monitor Increased Mosquito Activity Following Seasonal Rainfall

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Tampa homeowners are seeking information about mosquito control as seasonal rainfall and standing water contribute to increased mosquito activity throughout the area. TAPS Pest Control reports growing awareness of mosquito-related concerns during Florida’s summer months.

Tampa, Florida, United States, 9th Jun 2026 – TAPS Pest Control reports growing homeowner interest in mosquito control as seasonal rainfall and standing water conditions contribute to increased mosquito activity throughout residential communities across the Tampa area. The combination of warm temperatures, frequent afternoon storms, and abundant moisture creates favorable conditions for mosquito breeding during Florida’s summer season.

Mosquito populations typically increase during the summer months as rainfall accumulates in a variety of outdoor locations, including flowerpots, gutters, birdbaths, drainage areas, and other containers capable of holding water. Even small amounts of standing water can provide suitable breeding environments, allowing mosquito populations to expand rapidly when weather conditions remain consistently warm and humid.

Summer Weather Patterns Create Favorable Breeding Conditions

Meteorological conditions commonly experienced throughout the Tampa region during summer can contribute to increased mosquito activity in residential neighborhoods. Frequent rainfall events provide recurring sources of standing water while elevated temperatures accelerate mosquito development cycles. As a result, homeowners often notice greater mosquito presence around patios, pools, outdoor gathering spaces, and landscaped areas.

Mosquito activity can affect outdoor recreation and daily routines during the summer months. Residents spending time outdoors may encounter increased mosquito populations during early morning and evening hours when many mosquito species are most active. The presence of shaded vegetation, dense landscaping, and areas where water accumulates can further support mosquito activity around residential properties.

Homeowners Focus on Prevention and Property Maintenance

Many Tampa homeowners are placing greater emphasis on preventive measures designed to reduce mosquito breeding opportunities around their properties. Regular inspection of outdoor areas, removal of standing water, maintenance of gutters, and proper drainage management are among the practices commonly recommended to help limit mosquito development.

Property owners are also paying closer attention to landscape maintenance as part of broader mosquito prevention efforts. Trimming vegetation, managing overgrowth, and monitoring areas where water may collect after storms can contribute to reducing favorable mosquito habitats around homes and businesses.

Growing Awareness of Seasonal Pest Challenges

The increase in mosquito activity aligns with broader seasonal pest trends observed throughout Florida during the summer months. Warm temperatures and elevated humidity levels create conditions that support various pest populations, leading many residents to seek information about effective pest management strategies during peak activity periods.

As Tampa continues through the summer rainy season, mosquito control remains an area of interest for homeowners seeking to maintain comfortable outdoor environments and address seasonal pest concerns associated with Florida’s climate.

About TAPS Pest Control

TAPS Pest Control provides residential and commercial pest management services throughout the Tampa Bay region. The company offers solutions for common Florida pests, including mosquitoes, ants, rodents, termites, cockroaches, and other nuisance pests affecting homes and businesses.

 

Media Contact

Organization: Taps Pest Control

Contact Person: Alexander Dauberman

Website: https://tapspestservices.com/

Email: Send Email

Contact Number: +18133154803

Address:9623 Mathog Rd, Riverview, FL 33578

City: tampa

State: florida

Country:United States

Release id:45840

The post Tampa Homeowners Monitor Increased Mosquito Activity Following Seasonal Rainfall 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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