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For Blockchain, ARPA’s Privacy Computing is the Next Big Thing

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Blockchain immutably records information, but ventures such as ARPA are committed to protecting business and people’s privacy. The first-ever privacy-computation network and the world’s first ChinaSouth Korea joint initial exchange offering (IEO) project is building a secure computation network that’s compatible with blockchain. (It’s compatible with existing chains such as Ethereum and EOS.) bank

ARPA’s platform gives developers secure analysis and utilization, but also protects data from getting exposed to third parties.

Why is that important?

Because studies show that most users are concerned about the collection of personal information, and that more laws should be passed to defend privacy. Whether or not that happens remains to be seen, given that regulatory guidance worldwide have not kept pace with the speed of crypto and public-ledger innovation. Europe’s GDPR law which took effect last year is being closely followed by companies, regulators, and watchdogs around the world.

In North America, between two-thirds and three-fourths of people are concerned about data protection, depending on the study. A 2018 survey by Akamai found that 71% of respondents actively use software that blocks ads, protects privacy, and similar features. And 66% said more governments should pass privacy-protection laws. If these sentiments hold at scale, then lawmakers have a clear mandate from voters to safeguard personal details.

Protecting Privacy in Computing

“Blockchain privacy and scalability are the two biggest problems faced by public chains,” says Yemu Xu, ARPA co-founder and Chief Growth Officer. “Our technology is based on multi-party security computing (MPC) and we are building what’s called ‘smart contract 2.0’.”

In layman’s terms, MPC allows several parties to perform joint computations in private. For example, financial institutions can search shared blacklists or perform joint risk analysis for borrowers without disclosing each party’s private information. Or in digital marketing, MPC allows advertisers to display ads based on massive user behavior tags, without violating user privacy.

Nearly four-fifths (83%) of security professionals believe that employees have accidentally exposed customer or business sensitive data at their organization, according to a Feb. 2019 survey by Egress.

Architecting Privacy Smart Contracts

ARPA is also developing private smart contracts. Smart contracts (programmable contracts) are expected to become a US$300 million market by 2023. It’s not currently huge, but the innovation is expected to significantly reduce costs for companies and individuals by eliminating middleman fees. Privacy smart contracts protect sensitive data from access by nefarious actors.

When it comes to making blockchains sustainable, ARPA’s founders have plans to develop computational sharding. It’s an ambitious goal because sharding involves the partitioning of chunks of data to make chains sustainable, but a few projects (including Ethereum) have found the solution difficult to implement. Sharding is a proposed solution to blockchain bloat, where networks can get bogged down or become unreliable because of too much data recorded on-chain.

Applications Across Industries

There are some key benefits, but mainly around security and global info sharing.

Data is a new asset class, and computational privacy is key to preventing hacks or unauthorized access. One of the problems in the decentralization movement is that when it comes to cryptocurrency exchanges, private keys are controlled by central entities. Therefore, when sensitive data are safeguarded and distributed across multiple parties, hackers have trouble accessing digital funds or proprietary info.

“Exciting to-B and to-C applications can be implemented on ARPA secure computing network,” says Yemu Xu. “These include enterprise-level credit checking, accurate marketing, medical diagnosis, consumer-level personal data security wallets, distributed key management, among others.”

The need for secure data transcends industries, but it’s especially useful in financial services, healthcare, and related fields. When organizations can secure computations between other collaborating entities anywhere in the world, that can unleash a new flow of information processing that wasn’t possible before.

“The entry point of ARPA is enterprise-level privacy data sharing and secure data monetization,” says ARPA’s CEO Felix Xu. “This includes multi-party joint credit information; data renting; secure data analysis and other scenarios in the financial industry.” The platform also has use cases in insurance, big data marketing, healthcare, and artificial intelligence.

ARPA was founded in April 2018, and has backing from over a dozen institutional investors, including TechCrunch’s founder’s Arrington XRP, GBIC, Genesis Capital and Metropolis VC. It plans a mainnet release later this year. Currently, ARPA token is being traded on gate.io, KuCoin, and soon on Binance DEX.

 

SOURCE ARPA

Fintech PR

Invitation to presentation of EQT AB’s Q1 Announcement 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

EQT AB Group

 

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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