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Artificial Intelligence

Agoric and Noble Partner to Deliver Fast USDC For Rapid Transfers Powered by Orchestration

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ORINDA, Calif., Sept. 16, 2024 /PRNewswire/ — Agoric, a layer 1 blockchain designed for multi-chain orchestration, announced today a strategic partnership with Noble, the premier RWA issuance chain in the modular ecosystem, to build Fast USDC. This new solution will dramatically reduce wait times when transferring USDC from Ethereum and other EVM-compatible chains into the Cosmos ecosystem when using the Noble Express application. By streamlining the process, Fast USDC enhances the user experience and accelerates onboarding for Web3 services.

Stablecoins, valued today at over $100 billion, has proven recently to be a Web3 killer app, and Circle has taken the lead in driving inter-blockchain transfers with their Cross-Chain Transfer Protocol (CCTP) to help reduce friction, increase safety, and reduce costs when sending USDC from one blockchain to another. Agoric relies on this transfer protocol, but builds on that with a Fast USDC solution.
One of the persistent challenges in the Web3 economy has been the slow and complex process of transferring assets across different blockchain networks, creating barriers to user adoption and growth. Traditional cross-chain transfers, particularly involving USDC, can take upwards of 20 minutes, a delay driven by finality challenges on some blockchains that can degrade the experience for users accustomed to instant transactions.
Fast USDC: A Faster, Smoother Experience
Fast USDC addresses this challenge head-on by leveraging Noble’s minimalist architecture to enable cross-chain transfers from Ethereum and other EVM chains to Cosmos chains. Fast USDC utilizes an on-chain Agoric Orchestration contract which interacts with accounts on the Noble chain, facilitating a verifiable flow of funds. Through an innovative settlement model, users can receive USDC almost instantly, reducing transfer times from as much as 20 minutes down to less than 2 minutes.
Fast USDC is more than just a faster way to move funds—it is a critical step toward achieving chain abstraction. For developers, Fast USDC is a building block that can be embedded into Agoric Orchestration contracts that provide deeper specific user experiences across many chains with only a single user signature. This will unlock experiences that bring in far greater adoption of blockchain-based applications.
Key Features and Benefits:
Rapid Transfers and Orchestration: The solution reduces transfer times of USDC from EVM chains to Cosmos by 10x, bringing usability of Web3 solutions closer to the seamless flows of any mainstream application.Enhanced User Experience: With FastUSDC, users will be able to onboard their USDC into Cosmos chains and apps while they wait, improving their experience and enhancing user retention.Decentralized and On-Chain: Thanks to the programmability of Agoric Orchestration, Fast USDC assets are managed entirely on-chain to ensure transparency, a necessity for mainstream adoption.”Fast USDC is a key use case showcasing the unmatched cross-chain programmability of Agoric Orchestration. It demonstrates how orchestration can solve critical challenges for Web3 users and applications,” said Dean Tribble, CEO at Agoric Systems. “Our collaboration with Noble is a testament to our shared vision of simplifying blockchain technology to drive mainstream adoption.”
“Fast USDC is an exciting use case that leverages Noble’s unique architecture and we are thrilled to partner with the Agoric team on this important initiative,” said Jelena Djuric, CEO at Noble.
Availability
Fast USDC will soon be available across major blockchain platforms, providing developers and users with a powerful tool to enhance the speed and usability of their decentralized applications. This partnership marks a significant step forward in the mission to make Web3 experiences accessible and user-friendly.
For more information about Fast USDC and how it fits into Agoric’s orchestration solutions and Noble’s RWA framework, please visit agoric.com and noble.xyz.
Dean Tribble, CEO of Agoric Systems, and Jelena Djuric, CEO of Noble, are available for interview
About Agoric
Agoric is a layer 1 blockchain for orchestration. In the fragmented blockchain landscape, Agoric brings orchestration to Web3 to solve the chain abstraction challenge and foster composability and true interoperability that unlock a new era of universal liquidity. Agoric is the brainchild of renowned computer scientists, Dean Tribble and Mark Miller. Their groundbreaking work in secure computing and distributed systems laid the foundation for Agoric’s innovative technology.
About Noble
Noble is the premier asset issuance chain in the modular ecosystem. Noble solves a variety of critical pain points around native issuance, including security, liquidity, compliance, standardization and neutrality. Noble’s long-term vision is to be a UX unlock for all stablecoin and RWA issuers.
Press Contact: Alissa Karpick, Wachsman, E: [email protected]
 

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NordVPN: Website categories employers don’t want you to visit

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Cybersecurity experts say that blocking certain websites lowers the risk of cyberattacks and removes distractions
LONDON, Sept. 18, 2024 /PRNewswire/ — According to data collected by a network security NordLayer, developed by the leading cybersecurity company NordVPN, a significant portion of employers (72%) block malicious and adult websites. Malicious websites can pose severe security threats by spreading malware, while adult websites are often restricted due to concerns over inappropriate content and productivity loss. Gambling sites are blocked by 43% of employers, likely due to concerns over addiction and productivity loss.

“In today’s threat landscape, where cyberattacks are becoming increasingly sophisticated, DNS filtering plays a pivotal role in safeguarding sensitive data, maintaining regulatory compliance, and preserving the integrity of organizational networks,” says Ugne Mikalajunaite, Country Manager Taiwan at NordVPN.
Employers seek to maintain a professional work environment
Besides just blocking adult websites, many managers take a step further to maintain a professional work environment. For example, 30% block dating sites, 28% do not allow access to sex education websites, and about 12% of employers even block lingerie sites.
Information or sales related to drugs websites are blocked by 37% of IT managers. Interestingly, 21% of employers block VPN websites, likely to prevent employees from circumventing network restrictions and accessing blocked content, which could pose security risks or productivity concerns.
Employer restriction priorities in different regions 
In Europe, businesses exhibit the greatest inclination to block adult content websites, with 67% of employers imposing such restrictions.
North America prioritizes mitigating security risks by having the highest percentage (70%) of employers blocking access to malware websites. Asia stands out with a distinct emphasis on curbing access to illegal or unethical content, as evidenced by 73% of employers restricting websites within this category.
Intriguingly, Asian businesses demonstrate a stricter approach towards gambling and gaming websites compared to their European and North American counterparts. While 64% of Asian employers block gambling sites, the figures stand at 37% and 38% for Europe and North America, respectively. Similarly, 36% of Asian organizations restrict access to gaming websites, contrasting with considerably lower rates of 9% in Europe and 20% in North America.
Another noteworthy regional disparity lies in the treatment of dating websites. European and North American employers exhibit relatively comparable stances, with 25% and 28% blocking this category, respectively. However, Asian businesses adopt a more restrictive policy, with 45% of employers denying access to dating sites.

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Artificial Intelligence

Apt.Residential Selects Yardi’s Technology to Support BTR Projects

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Australian property developer and operator to utilise innovative cloud platform for construction and investment accounting
SYDNEY, Sept. 18, 2024 /PRNewswire/ — Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi’s single connected platform to support growth, connect teams and manage capex projects and build.

With Yardi®, Apt.Residential can manage its funds and simplify complex financial processes, mitigate risk and deliver real-time insights into projects. The platform provides more visibility from investor to asset and delivers enhanced and accurate reporting. The company can access live data for costing, expenses, and revenue on all projects, from ground-up development to single-unit improvements and will allow Apt.Residential to grow the volume of units within BTR once they have operational units.
“We wanted to find the best platform for BTR that would support growth, streamline management of capex projects and handle our complex accounting,” said Michael Hogg, co-founder & head of operations for Apt.Residential. “Yardi’s single integrated platform was the best solution as it ensures our team can connect on one system and not worry about integrations or using multiple platforms.”
“We’re excited to work with Apt.Residential and support its growth as the company expands its BTR projects,” said Neal Gemassmer, vice president and general manager for Yardi. “Our connected platform will help Apt.Residential enhance communication and set them up so they’re ready to operate once development has completed.”
See how Yardi’s end-to-end technology can help drive your digitalisation strategies.
About Apt.ResidentialApt.Residential is a leading vertically integrated owner, developer, and operator of residential properties in Australia backed by global institutional capital. The company develops residential communities where wellbeing and connectedness come first. Its human-centric approach allows Apt.Residential to shape places for people who crave comfort, community, and elevated living. For more information, please visit aptresidential.au.
About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.com.au.
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Artificial Intelligence

EQT to sell Open Systems, a Swiss leader in network and cyber security solutions, to Swiss Post

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EQT Private Equity, together with its co-shareholders, to sell Open Systems to Swiss PostUnder EQT’s ownership, Open Systems transformed from a founder-led managed security services provider to a leading integrated network and cyber security companySince EQT’s acquisition in 2017, Open Systems has almost doubled its revenues and more than tripled its EBITDA, while significantly expanding its product offering to support customers on their network transformation and cybersecurity journeySTOCKHOLM, Sept. 18, 2024 /PRNewswire/ — EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT”), together with its co-shareholders, have agreed to sell Open Systems (“Company”) to Swiss Post.

Headquartered in Zurich, Switzerland, Open Systems delivers network and cyber security capabilities in a single cloud-based platform known as Secure Access Service Edge (SASE). Open Systems’ innovative SASE Experience eliminates the complexity of secure global connectivity and network management, while providing seamless global 24×7 support. The Company plays a pivotal role in supporting customers globally in their network and cyber security transformation by offering a fully integrated, single-pane-of-glass cloud and software platform and supporting services.
EQT acquired a majority stake in Open Systems in 2017. During EQT’s ownership, the Company almost doubled its sales and more than tripled its EBITDA, while making substantial investments into its technology platform and transforming from a network-focused managed security services provider to a leading SASE player with extensive cyber security capabilities. Open Systems also built a Managed Extended Detection and Response (MXDR) division, which was carved out in 2023 and now operates as a standalone company under the brand Ontinue, which will be retained by EQT. Organic growth was complemented by three strategic add-on acquisitions, including Sqooba, a Swiss provider of data science, AI, cloud, and cyber services founded by the current Open Systems CEO Daniel Neuhaus.
As part of Swiss Post, Open Systems will continue its growth journey under the leadership of Daniel Neuhaus. With the acquisition, Swiss Post strengthens its role as provider of digital communication services by increasing its competences and know-how to support digitally connected businesses in Switzerland.
Daniel Neuhaus, CEO of Open Systems: “I would like to thank EQT for their support over the years and their hands-on involvement in our development. Swiss Post’s investment is a validation of our long-term strategy to become a leading SASE software provider with the best customer experience. With Swiss Post, we have found a sustainable partner in Switzerland who shares our values and will support us in continuously delivering best-in-class technology and services to our customers while continuing to drive innovation.”
Philipp Woerner, Director within EQT Private Equity’s Advisory Team: “We have been continuously impressed by Open Systems’ track record of technological innovation in the network and cyber security space. Thanks to the dedication and commitment of the management team led by Daniel, Open Systems delivers attractive technology and services from Switzerland to its customers globally. We could not have imagined a better future home for Open Systems than Swiss Post to support continuing the strong development.”
Nicole Burth, CEO of Swiss Post Communication Services, said: “Open Systems strongly complements our existing offerings in the area of cybersecurity. The Company is an excellent cultural fit and supports our strategy to bring cybersecurity to our Swiss customers. This makes the network and communication of businesses more efficient and secures it with the unique cloud security solutions Open Systems provides.”
The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q4 2024.
ContactEQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/eqt-to-sell-open-systems–a-swiss-leader-in-network-and-cyber-security-solutions–to-swiss-post,c4039258
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