Connect with us
European Gaming Congress 2024

Fintech PR

Polyhedra Network and WSPN Join Forces to Enhance WUSD with Zero-Knowledge Solutions

Published

on

polyhedra-network-and-wspn-join-forces-to-enhance-wusd-with-zero-knowledge-solutions

SINGAPORE, Oct. 9, 2024  /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to partner with Polyhedra Network to incorporate zero-knowledge technology for the future of digital payment. Leveraging Polyhedra’s expertise in cutting-edge cryptographic techniques, this partnership aims to drive innovation, speed, and security for digital ledger technology used by international payment systems. 

WSPN provides transparent and efficient solutions for payment technology, with a dedication to shaping seamless experiences at the frontier of financial inclusion. In particular, WSPN pioneers the stablecoin WUSD, which is pegged 1:1 to the U.S. Dollar and aims for worldwide payments and round-the-clock financial markets.  WUSD is built to bridge the gap between DeFi and TradFi, uniquely poised to transact across borders and mitigate volatility associated with other riskier assets. WSPN has taken a proactive approach with regards to compliance for WUSD, partnering with security firms like Certik to ensure smart contract integrity. 

There are three areas the joint teams have identified for collaboration:

Interoperability with zkBridge

Bringing zkBridge to WSPN’s infrastructure will help increase interoperability without relying on external trust assumptions. zkBridge allows different networks to verify data in a secure manner, and employs the use of best-in-class provers to significantly improve proof generation.  zkBridge also reduces on-chain verification costs, and will allow for transference of cross-chain assets and liquidity. Together, zkBridge and WSPN hope to benefit the overall functionality, data validity, and collaboration of the WUSD system.

ZK-powered Proof of Reserve

Polyhedra will build upon WSPN’s current Proof of Reserve process by using a ZK PoR mechanism. Polyhedra PoR will help demonstrate and ensure that assets exist 1-1 to back the WUSD coins held on-chain. This verifies that every dollar in WUSD is backed by its equivalent tangible asset in the real world. As a result, users can have more trust in the stability of their asset(s).

Pioneering Private Transactions

Historically, the transparency of digital ledgers has been a sore point for financial institutions that require privacy and regulatory measures such as selective disclosure. Polyhedra has developed a proprietary offering which employs conditional de-anonymization for compliant and efficient transactions. In the context of WUSD, this solution will empower users and institutions with the ability to obfuscate their transaction details.

All three of these solutions are supported by Expander, the fastest ZK proof system to date. Invented by the cryptography team at Polyhedra, Expander uses innovative polynomial commitment schemes integrated with the GKR protocol to minimize computational overhead, reduce memory usage, and process high-performance calculations. Expander’s contribution to these products and this collaboration means WSPN can set a new industry standard for scalability and security in stablecoins.

Advertisement

Together, WSPN and Polyhedra are excited about how this partnership will expand ecosystems and drive value for users and the community. Increasing usability of these tools will help to bridge the gap between traditional finance and the digital economy.

****END****

About Polyhedra Network

Polyhedra Network is building the next generation of secure, interoperable, and scalable blockchain infrastructure with advanced zero-knowledge-proof technology. The team has developed and deployed several next-generation ZK-SNARK protocols resulting in performance improvements orders of magnitude faster than existing solutions. Their interoperability solution, zkBridge, connects over 25 blockchains and proves the validity of cross-chain messages utilizing zero-knowledge proofs. Developers building with Polyhedra Network can create secure, scalable, interoperable applications without any additional trust assumptions.

Website | X (formerly Twitter) | Discord

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users.  WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

Logo – https://mma.prnewswire.com/media/2429245/WSPN_logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/polyhedra-network-and-wspn-join-forces-to-enhance-wusd-with-zero-knowledge-solutions-302270809.html

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

FP Markets Team Attends Forex Expo Dubai 2024 And Brings Home Two Awards

Published

on

fp-markets-team-attends-forex-expo-dubai-2024-and-brings-home-two-awards

SYDNEY, Oct. 16, 2024 /PRNewswire/ — FP Markets, a global multi-asset Forex and CFD broker, participated in the Forex Expo Dubai 2024 earlier this month. The largest trading event in the Middle East took place in Dubai, UAE, from 7-8 October and drew an impressive 18,000 visitors this year.

The FP Markets Team was invited to participate in two segments: ‘Future Trends in Financial Technology’ and ‘Women in Forex’. Martin Stoilov, Head of Customer Experience at FP Markets, delivered an insightful talk on how Artificial Intelligence and the human element can work together to create authentic customer experiences. Additionally, and as part of the event’s newly-inaugurated segment ‘Women in Forex’, Global Head of Marketing, Andria Phiniefs, led a panel discussion on the crucial part women play in the industry, the challenges they face, and how they can be empowered to take on more leadership roles.

The event concluded with an awards ceremony on Tuesday evening during which the FP Markets Team received two outstanding achievement accolades. Andria Phiniefs was recognised as ‘Mentor of the Year’, and the FP Markets Research Team, headed by Market Analyst Aaron Hill, was presented with the ‘Excellence in Technical Analysis’ award.

Commenting on FP Markets’ presence and achievements at the Forex Expo Dubai 2024, Global Head of Marketing, Andria Phiniefs, stated: ‘For the Team to be invited to talk as experts in their respective fields, as well as awarded for outstanding contributions, is testament to our brand’s culture. We are proud to be part of an ecosystem that encourages agility and adaptability, pushing the boundaries of innovation forward. At FP Markets, our belief in the power of knowledge extends to both our Clients and Team: knowledge sharing happens internally and externally. Striving to be more than just another broker, all our efforts will continue to focus on furthering our Clients’ trading knowledge and delivering a superior investing experience’.

Notes to Editors

About FP Markets:

  • FP Markets is a Multi-Regulated Forex and CFD Broker with over 19 years of industry experience.
  • The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
  • Traders can choose from leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress and TradingView.
  • The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
  • FP Markets was awarded ‘Best Value Broker – Global’ for six consecutive years (2019, 2020, 2021, 2022, 2023, 2024) at the Global Forex Awards.
  • FP Markets was awarded the ‘Best Broker – Europe‘ and the ‘Best Forex Partners Programme – Asia‘ at the Global Forex Awards (2022, 2023, 2024).
  • FP Markets was awarded ‘Best Trade Execution’, and ‘Most Trusted Broker’ and ‘Best Trade Execution’ at the Ultimate Fintech Awards in 2022 and 2023, respectively.
  • FP Markets was crowned ‘Best CFD Broker – Africa‘ at the 2023 FAME Awards.
  • FP Markets was awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023.
  • FP Markets was awarded the ‘Best Price Execution’ at the Brokersview Awards 2024, Singapore.
  • FP Markets was awarded the ‘Best Trading Experience – Africa‘ at the FAME Awards 2024.
  • FP Markets was awarded ‘Most Transparent Broker’ and  ‘Best Trading Conditions’ at the Global Ultimate Fintech Awards 2024.
  • FP Markets was awarded ‘Best Forex Spreads APAC’ and ‘Best Trading Experience APAC’ at the 2024 Finance Magnates Pacific Summit.
  • FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Capital Markets Authority (CMA) of Kenya.

For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/ 

FP_Markets_Logo

Photo – https://mma.prnewswire.com/media/2532628/FP_Markets.jpg
Logo – https://mma.prnewswire.com/media/1574261/4972009/FP_Markets_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/fp-markets-team-attends-forex-expo-dubai-2024-and-brings-home-two-awards-302278244.html

Continue Reading

Fintech PR

Birla Carbon Announces the Launch of its first Asia Post Treatment Plant in India

Published

on

birla-carbon-announces-the-launch-of-its-first-asia-post-treatment-plant-in-india

The state-of-the-art plant will provide specialty products for the coatings and inks markets from India

MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon-based solutions, announced the launch of its first Asia Post Treatment (APT) Plant in India. The brownfield initiative is located at the Patalganga unit, in the state of Maharashtra, India. This cutting-edge facility, equipped with the latest treatment technology, is set to revolutionize the carbon black industry by offering the highest levels of flexibility, efficiency, and precision. The plant will serve the fast-growing demand for high-performance carbon black grades in key industries like coatings and inks.

 

 

Sharing his thoughts on the launch, Rajeev Sonthalia, Director, Birla Carbon, said, “The launch of the Asia Post-Treatment Plant at Patalganga marks a significant milestone in Birla Carbon’s journey toward creating and deploying cutting-edge technology solutions for our customers. Asia is an emerging market for the carbon black industry and the strategic location of this plant will encourage innovation with our partners.” He further added, “This brownfield facility will enable Birla Carbon to leverage its global reactor capabilities, operating at the highest yields and efficiency. The precision in the manufacturing technology ensures that our products meet the highest standards of quality and performance, catering to the specific needs of our diverse customers, both regionally and globally. And by doing so, we enrich the lives of our consumers and inspire trust with our partners.”

The Asia Post Treatment Plant facility’s advanced technology ensures precise control over reaction times, facilitating the production of ultra-high-performance grades that are tailored to specific customer needs. With its ability to meet stringent clean product standards, the APT facility offers a distinct advantage over traditional products, positioning Birla Carbon as a market leader in delivering sustainable, high-quality solutions.

Sharing his thoughts on this new milestone, John Loudermilk, President and Chief Executive Officer, Birla Carbon, said, “The launch of our Asia Post Treatment Plant reflects our long-term commitment towards the industry and the businesses we serve. This facility enables us to support our customers more effectively while reinforcing Birla Carbon’s position as a thought leader in developing sustainable, high-performance carbon-based solutions for the future.” He further added, “This treatment facility strengthens our commitment to meeting global demand in high-growth sectors and leading the carbon black industry towards greater sustainability and efficiency. By prioritizing innovation and sustainability in every aspect of our operations, we are not just responding to current needs; we are anticipating future demand and setting new standards for quality, reliability, and environmental responsibility. Thus living our purpose to ‘Share the Strength’”. 

In addition to its broader range of applications, including packaging inks and automotive and industrial coatings, the ATP facility is strategically designed to tap into niche markets such as toys and tool coatings, where the demand for low PAH products is rapidly growing.

Located in Patalganga, India, the plant provides key advantages such as proximity to emerging Asian markets. It serves as a key backup to Birla Carbon’s North Bend facility in the USA.

About Birla Carbon

Advertisement

Birla Carbon is one of the leading global suppliers of carbon-based solutions. As one of the flagship businesses of the leading Indian multinational conglomerate, the Aditya Birla Group, Birla Carbon provides innovative, sustainable carbon black solutions that enhance the performance of paints and coatings, inks and toners, plastics, adhesives, sealants, textile fibers, mechanical rubber goods, and tires, Energy Systems, Carbon Nanotubes, and Sustainable Carbonaceous Material. The company operates in 14 countries, boasting 17 manufacturing facilities and three cutting-edge technology centers in Marietta (USA), Taloja (India), and Sambreville, Belgium, showcasing forefront innovation in the industry. Birla Carbon’s Sustainability Strategy – Share the Future report focuses on employee safety, environmental stewardship, efficient use of carbon sources, and operating in a socially and ethically responsible manner.

For more information, visit https://www.birlacarbon.com or follow us on LinkedIn, Twitter, Facebook, or Instagram.

Logo: https://mma.prnewswire.com/media/2532465/Birla_Carbon_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/birla-carbon-announces-the-launch-of-its-first-asia-post-treatment-plant-in-india-302278071.html

Continue Reading

Fintech PR

Precisely Celebrates Customer Achievements with Precisely Data Integrity Awards

Published

on

precisely-celebrates-customer-achievements-with-precisely-data-integrity-awards

BMW Group, Chamberlain Group, FERC, Generali Real Estate, and NZ Super Fund Honored at Trust ’24

BURLINGTON, Mass., Oct. 16, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced the winners of the inaugural Precisely Data Integrity Awards at Trust ’24, the company’s annual Data Integrity Summit. The award ceremony took place at Drexel University’s LeBow College of Business in Philadelphia on October 8, with recipients from around the world recognized for their outstanding achievements in AI Impact, Business Impact, and Societal Impact categories, using Precisely software, data, and services.

 

 

The Data Integrity Awards recognize Precisely customers who have achieved excellence in data integrity through innovative use cases and demonstrated results. The winners include:

  • BMW Group: World-leading premium manufacturer of cars and motorcycles uses the Precisely Data Integrity Suite to seamlessly connect its extensive mainframe environment to modern cloud technologies and platforms such as Kafka. Achieving outstanding performance and near real-time replication for automating data pipelines to support over 600 applications, BMW is modernizing its mainframe systems while maintaining operational integrity.
  • Chamberlain Group: Global leader in intelligent access uses Precisely Automate solutions to simplify and govern its SAP workflows, querying real-time information for data validation. The company experienced an 87% improvement in time savings, resulting in greater productivity and generating noteworthy benefits for its customer care team.
  • FERC (Federal Energy Regulatory Commission): This independent US agency uses the Precisely Data Integrity Suite to centralize and automate data cataloging and stewardship, replacing their legacy system with modern tools that streamline asset registration and governance processes. FERC has significantly reduced time and resources for maintaining the catalog, while enhancing data stewardship and improving data-driven decision-making across the commission.
  • Generali Real Estate – City Forward: One of the first real estate asset managers to establish a dedicated AI and machine learning innovation division uses high-integrity enrichment data from Precisely to train their models, reduce bias, and deliver more contextually relevant results for its City Forward® platform. This enables the business to make smarter decisions powered by highly accurate AI-driven insights, disrupting the traditional decision-making processes that inform investment strategies.
  • New Zealand Superannuation Fund (NZ Super Fund): New Zealand’s sovereign wealth fund is using the Precisely Data Integrity Suite to enable users to find, understand, and access their data. The organization has empowered their investment analysts and teams with trusted data to make more confident business decisions.

“We are incredibly proud to honor these exceptional organizations for the impressive achievements they have accomplished on their journey to data integrity,” said Kevin Ruane, CMO at Precisely. “As our first-ever Data Integrity Awards it was exciting to see the enthusiasm and passion from Precisely customers around the globe. Each company has a unique data story to tell, and it was truly a pleasure to recognize and celebrate with our customers at Trust ’24.”

About Precisely

As a global leader in data integrity, Precisely ensures that your data is accurate, consistent, and contextual. Our portfolio, including the Precisely Data Integrity Suite, helps integrate your data, improve data quality, govern data usage, geocode and analyze location data, and enrich with complementary datasets for confident business decisions. Over 12,000 organizations in more than 100 countries, including 93 of the Fortune 100, trust Precisely software, data, and strategy services to power AI, automation, and analytics initiatives. Learn more at www.precisely.com.

Photo – https://mma.prnewswire.com/media/2531285/Data_Integrity_Awards_Customer_Announcement.jpg
Logo –  https://mma.prnewswire.com/media/2408758/Precisely_Logo.jpg

 

Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 93 of the Fortune 100.

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/precisely-celebrates-customer-achievements-with-precisely-data-integrity-awards-302277896.html

Advertisement
Continue Reading

Trending