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Ocean Protocol blockchain-based platform launches beta to kick-start a new Data Economy with safe, privacy-preserving and borderless data sharing

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6 years ago

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Ocean Protocol, the world’s first data sharing platform powered by blockchain technology connecting individuals, industries, startups, governments and data and AI experts, announces today the launch of its beta network. Ocean Protocol is a substrate that allows anyone to build data services and marketplaces on top and is launching with a mission to provide safe, privacy-preserving and borderless data sharing, to unlock the Data Economy.

Ocean’s beta network paves the ground for a series of private and public partnerships from the research, insurance, retail and healthcare sectors to deploy their Proof of Concept solutions on the blockchain-enabled data-sharing platform. Existing collaborators include AI Singapore, Aviva, Unilever, Johnson & Johnson and Roche, all aiming at using Ocean Protocol to set standards and demonstrate how to share data safely and securely without compromising privacy or ownership.

“Today’s beta release is a big milestone for our project and society as a whole. It marks the beginning of a new and open global Data Economy. With the beta network going live, data scientists and developers can start building and experimenting with new services and applications using Ocean Protocol,” said Bruce Pon, co-founder of Ocean Protocol.

Though the world has been generating massive volumes of data, until now there has not been a safe, privacy-preserving and borderless solution to unlock the new Data Economy. Every day, the world creates 2.5 quintillion bytes of data[1] and thanks to digitization and advances in IoT technologies, data continues to be generated in an unprecedented rate. However, only 1% of this glut of data is ever analyzed.[2,3] Data supply and demand are currently disjointed. Data remains inaccessible — locked in silos and hardly shared. This is because data owners fear of losing control and violating privacy laws with data sharing.

According to the recent Digital Reality Data Economy Report,[4] many countries are only achieving about half of their current data economy potential. In the UK and Germany alone, research shows that there were approximately EUR140 billion of data-driven economic value not realized in 2016.

Ocean Protocol uses blockchain technology, smart contracts, and tokens to enable safe and secure sharing of data, guaranteeing control and auditability while protecting privacy. The technology allows organizations and individuals to set pricing and trade data without losing control of their data assets. Smart contracts allow data owners to program the conditions of access, which are then executed with precision. This gives data owners and buyers transparency, security and guarantees of payment and use.

Ocean also enables algorithms and models to travel to the data, get trained and then leave without exposing the data or taking a copy, thereby retaining privacy, ensuring regulatory compliance, and freeing up data to advance AI and solve problems for the economy and society.

“Ocean allows people to unlock the value of data without necessarily unlocking the data itself. It is a substrate to finally realize the potential of an open permission-less data economy while still preserving privacy,” said Trent McConaghy, co-founder of Ocean Protocol. “We welcome early collaborators already deploying their solutions on our network today, and we look forward to seeing tens, hundreds, even thousands of other marketplaces and applications to be built on top of Ocean, so that data can be freed from their existing silos to deliver world-changing solutions for many verticals including automotive, energy, healthcare and so on.”

Ocean Protocol is an open source project. Developers from around the world can run Ocean’s full stack and connect to the Ocean beta network. Data Scientists and engineers can leverage the underlying Ocean API to search, publish, and consume data assets in the Ocean Protocol network. They can initiate personal JupyterLab instances running in local browsers, with Ocean Protocol pre-configured. Coupled with the launch is a reference marketplace for free and public data, to serve as a meeting point for public health, sustainability and environmental use cases.

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“Data and AI related service providers can use Ocean as a launchpad offering relevant services to data providers and consumers. In addition, Ocean gives data and AI professionals a means to monetize their findings and models,” McConaghy added.

The Ocean network will continue to deliver software and network updates over the next two years, with five phases planned, each providing more sophisticated features, incentives and enhanced performance.

 

SOURCE Ocean Protocol

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PayPal’s Xoom partners with Tenpay Global to offer cross-border remittances to Weixin

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2 hours ago

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April 9, 2025

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New collaboration enables convenient and secure remittances to Weixin Pay users in China

SINGAPORE, April 9, 2025 /PRNewswire/ — Starting today, Weixin Pay users can now receive cross-border transfers from Xoom, a PayPal service and a pioneer in digital remittances. This new partnership between Tenpay Global, Tencent’s cross-border payment platform, and Xoom allows Weixin Pay users to receive money directly into their Weixin Pay Wallet Balance or bank accounts linked to Weixin Pay through Xoom or PayPal’s mobile app and website.

Xoom and PayPal users in United States, Canada and Europe can now access reliable and affordable cross-border money transfers to their own or family members’ Weixin Pay accounts, with additional countries to come in the future. Weixin Pay users can receive the funds frictionlessly, typically in as fast as a few minutes, for flexible use within the Weixin app for transfers, top-ups and shopping.

“Xoom has long been known as a fast, easy, inexpensive way to send money to friends and family across borders – and now, being able to send funds to Weixin Pay users from the US, Canada and Europe, we’re continuing to connect users wherever they might be and for what they might need funds for,” said Paul Bances, Vice President of Market Development for Xoom.

“This partnership reaffirms Tenpay Global’s commitment to not only bridging the Weixin ecosystem with the global markets but also enhancing user value through streamlined and secure cross-border remittances. By addressing everyday needs—from family support to daily expenses—we aim to create meaningful value in our users’ lives beyond mere transactions,” said Wenhui Yang, CEO of Tenpay Global (Singapore).

The service is now live and available through the Xoom and PayPal mobile app. Users may also visit Xoom.com or PayPal.com to start the remittance experience.

Xoom or PayPal users in the United States, Canada, and Europe can easily send remittances to Weixin in just a few simple steps.

About Xoom

A pioneer in digital remittances, Xoom is a fast and easy way to send money, pay bills and reload phones for friends and family in approximately 160 countries globally. With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.

About Tenpay Global

Tenpay Global, the cross-border payment platform of Tencent, is the gateway to seamless cross-border payment solutions for businesses and individuals. Tenpay Global offers scenario-based services for different customer groups, including cross-border consumption, cross-border remittances, and cross-border commerce scenarios. Together with global partners, Tenpay Global is committed to bridging the world’s payment networks with Weixin’s ecosystem in China.

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CE-LINK Unveils Next-Gen Solid-State Battery Power Bank, Leading a New Era of Mobile Charging

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4 hours ago

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April 9, 2025

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HONG KONG, April 9, 2025 /PRNewswire/ — CE LINK LIMITED (“CE-LINK”), a leading manufacturer of consumer electronics, is thrilled to introduce its latest generation of power banks, featuring revolutionary solid-state battery technology, redefining safety and performance. From April 11-14, visit booth 3A-02, Hall 3 at AsiaWorld–Experience this game-changer at the upcoming Global Sources Electronic Show in Hong Kong.

Advancing Safety and Performance with Solid-State Technology

CE-LINK’s next-gen power banks replace liquid lithium-ion batteries with advanced solid-state lithium-ion polymer batteries for superior benefits:

  • Superior Safety: The non-flammable solid electrolyte eliminates fire and explosion risks of traditional liquid batteries. Tested under extreme conditions—steel needle puncture, extrusion, drop, overcharge, and overdischarge—these power banks ensure unmatched safety.
  • Extended Lifespan: Solid-state batteries far exceed the life cycle of traditional lithium batteries, making them a more sustainable choice. These power banks retain over 80% of their original capacity even after 500 charge cycles.
  • Wider Operating Temperature: Supports 0°C to 45°C for charging and -20°C to 60°C for discharging. They maintain stable performance in both hot and cold environments, making them ideal for outdoor exploration and polar scientific research scenarios.

Versatile Power Bank Series to Meet Diversified Needs

CE-LINK’s new power bank lineup caters to diverse user scenarios with multiple models:

  • PD Slim Power Bank (5000mAh & 10000mAh): Ultra-thin 10.8mm design fits easily in pockets and bags. The storable USB-C lanyard cable makes it perfect for commuting and short trips.
  • Built-in Retractable Cable Power Bank (5000mAh/10000mAh): Features a patented 75cm USB-C retractable cable, tested for 10,000 uses. With a gentle pull, the cable retracts smoothly from any length—ideal for frequent travelers.
  • USB-C Power Bank (5000mAh): A push-slip design extends and stows the USB-C port for charging and protection. Rigorously plugging and pulling tested 10,000+ times, ensuring durability. Built-in zinc alloy bracket adds usage flexibility.
  • 67W 2-in-1 Power Bank (10000mAh): Combines a GaN charger and power bank, with a foldable AC pin supporting global voltage. The intelligent LCD screen shows real-time output power of each port, and 67W output charges laptops, tablets, and phones simultaneously—ideal for business professionals.

CE-LINK remains dedicated to pioneering cutting-edge charging solutions that enhance user experience. “Solid-state battery technology is the future of power banks,” said Erica, Product Manager at CE-LINK. “This launch not only brings unparalleled safety and performance to users but also drives the industry towards more efficient and reliable power solutions.”

About CE-LINK

Founded in 2004, CE-LINK is a leading OEM and ODM company dedicated to developing cutting-edge consumer electronics solutions. With over 20 years of precision manufacturing expertise, CE-LINK leads innovation, focusing on research, development, and sustainability to deliver next-gen technologies that meet the evolving needs of global consumers and businesses.

For more information on CE-LINK, please visit www.ce-link.com.

Or following them on:
LinkedIn: www.linkedin.com/company/ce-link
Facebook: www.facebook.com/CELINK.ELECTRONICS
Media Contact: market@ce-link.com

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Hex Trust Partners with IDA to Provide Institutional-grade Custody for Stablecoin Products

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4 hours ago

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April 9, 2025

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HONG KONG, April 9, 2025 /PRNewswire/ — Hex Trust, a leading digital assets financial institution specializing in custody, staking, and markets services has partnered with IDA, a premier HK-based fintech company. Through this collaboration, Hex Trust will provide licensed, institutional-grade custody services for IDA’s stablecoin products, enabling compliant and seamless cross-border commerce and digital payments.  

With its multi-jurisdictional licenses, and deep institutional expertise, Hex Trust will ensure secure and compliant custody solutions that uphold regulatory standards and enhance security for all transactions with IDA. Furthermore, IDA and Hex Trust will collaborate to explore real-world use cases for cross-border trade, aiming to enhance payment efficiency while ensuring regulatory requirements.

“The stablecoin initiative will strengthen Hong Kong’s competitive edge as a global financial hub,” said Giorgia Pellizzari, Managing Director and Head of Custody of Hex Trust. “Our role as an institutional-grade custodian reflects our commitment to fostering a secure and compliant financial ecosystem for digital assets. We’re excited to partner with IDA to propel the success of this innovative product.”

Sean Lee, Co-Founder and CSO of IDA, stated, “This marks just the beginning of our partnership. Beyond custody, we are exploring new opportunities to unlock global trade and commerce, enabling smoother transactions in collaboration with Hex Trust.”

In addition to the stablecoin solution, IDA is developing a comprehensive financial infrastructure to bridge stablecoin operations with enhanced connectivity between blockchain networks and traditional financial systems. Hex Trust and IDA are also exploring deeper collaborations, including FX features, on this robust platform to foster a thriving stablecoin ecosystem.

About Hex Trust

Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit Hextrust.com or follow Hex Trust on LinkedIn, X, and Telegram.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.   

IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365.  To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.  

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More information can be found at idafi.xyz / LinkedIn / X

Disclaimer:

This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction.  As always, users should do their own research and are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely.  Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons.

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