Leo Pick’s Post

INATBA REPORT - KEY TAKEAWAYS : - Blockchain Beyond Hype: Blockchain technology has transitioned beyond the hype phase, with current emphasis on projects that demonstrate its genuine and practical applicability across various industries. -Global Disruptions: The past five years, marked by global events like COVID-19 and geopolitical conflicts, have reshaped industrial priorities and policy agendas, emphasising resilience and adaptability. -Exponential Technology Impact: The next decade will be pivotal, defining the future of industries and regions through exponential technologies like blockchain, which offer enhanced security, automation, governance, and efficiency. -Infrastructure Investment: Public institutions and corporations need to invest in developing robust infrastructure to support technological advancements, avoiding bias against technologies due to political or operational reasons. -Blockchain Capabilities: Blockchain technology offers unique capabilities such as secure registries, flexible transparency options, secure automation, governance tools, cryptographic security, and enhanced resilience, capable of transforming sectors and enhancing operational efficiency. -Strategic Adoption: While not advocating blanket adoption, the report encourages strategic use of blockchain where it best serves societal and industrial goals, particularly highlighting its proven integration into highly regulated sectors like finance. -Innovation Imperative: Innovation is no longer optional but essential for navigating future challenges, including demographic shifts and geopolitical uncertainties, requiring continuous pursuit of excellence. -Through this report, the INATBA Industrial Blockchain Task Force emphasizes the importance of strategic blockchain integration in achieving both industrial and societal objectives. By fostering a balanced approach and harnessing blockchain’s potential, industries can navigate future technological landscapes with confidence and foresight." "The report presents an overview of the status of the large and growing number of public and private consortial projects with relevance for an industry or a number of sectors, as they are using, suggesting or standardising blockchain technology as part of their innovation roadmap."... INATBA read & learn more https://lnkd.in/e53iyjqU

BLOCKCHAIN BEYOND CRYPTOCURRENCY: TRANSFORMING INDUSTRIES ONE BLOCK AT A TIME By Network of Blockchain Solutions Advocates Association (NOBSAA) When most people hear the term "blockchain," they think of Bitcoin or other cryptocurrencies. However, blockchain is much more than the technology underpinning digital currency. In recent years, blockchain has evolved to become a powerful tool that's transforming industries beyond finance, from healthcare and supply chain management to government services and even voting systems. Blockchain technology is a decentralized, digital ledger that records transactions across a network of computers. Its core features include transparency, immutability, security, and consensus. These characteristics make blockchain an attractive solution for various industries seeking to increase efficiency, security, and transparency. BEYOND FINANCE HEALTHCARE: Secure storage and sharing of medical records, efficient clinical trial management, and counterfeit-proof pharmaceutical tracking. SUPPLY CHAIN MANAGEMENT: Real-time inventory tracking, tamper-proof product authentication, and automated payment processing. GOVERNMENT SERVICES: Secure voting systems, transparent land registry management, and efficient public record-keeping. VOTING SYSTEMS: Secure and transparent voting processes, verifiable election results, and increased voter participation. AGRIBUSINESS: Blockchain-based tracking and verification of food origin, quality, and movement, enabling more efficient and secure food supply chains. ARTIFICIAL INTELLIGENCE (AI): Blockchain-based AI models ensure data integrity, security, and transparency, enabling more reliable and trustworthy AI decision-making. CYBERSECURITY: Blockchain-based solutions provide enhanced security for data storage, transmission, and authentication. INTELLECTUAL PROPERTY: Blockchain-based registration and protection of intellectual property rights. REAL ESTATE: Blockchain-based property registration, transfer, and verification. ENERGY TRADING: Blockchain-based peer-to-peer energy trading platforms. BENEFITS AND ADVANTAGES INCREASED EFFICIENCY: Automation and reduced intermediaries. ENHANCED SECURITY: Cryptographic protection and immutability. IMPROVED TRANSPARENCY: Real-time tracking and visibility. COST SAVINGS: Reduced administrative burdens. REAL-WORLD EXAMPLES Maersk: Blockchain-based supply chain management. Estonia: Blockchain-based healthcare and voting systems. Walmart: Blockchain-based food safety tracking. IBM: Blockchain-based supply chain management. CHALLENGES AND LIMITATIONS Regulation: Lack of clear guidelines and standards. Adoption: Education and awareness barriers. CONCLUSION Blockchain has evolved beyond cryptocurrency, transforming industries and revolutionizing the way we conduct transactions, store data, and interact with one another. Its potential extends far beyond finance, and its impact will be felt across various sectors.

𝗧𝗵𝗲 𝗴𝗿𝗲𝗮𝘁 𝗔𝗜 𝗮𝗻𝗱 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗰𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 In today's post, let's talk about the most important convergence: AI and blockchain. The integration of artificial intelligence (AI) and blockchain technology is heralding a new era of decentralized innovation. Traditional centralized AI farms have posed significant challenges, including data privacy concerns, susceptibility to single points of failure, and considerable energy consumption. These issues have accelerated the search for more sustainable and secure alternatives. Enter AI-focused cryptocurrencies like PAAL, Opsec, and Node AI. These projects are at the forefront of reshaping how AI resources and services are distributed and utilized, promising to democratize access to AI capabilities. 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗶𝗻𝗴 𝗔𝗜 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 Centralized AI systems store vast amounts of data in single locations, making them prime targets for data breaches and attacks. Moreover, they often require enormous computational power, leading to high operational costs and environmental concerns. By leveraging blockchain technology, decentralized AI aims to address these vulnerabilities. Blockchain's inherent traits—transparency, security, and decentralization—ensure that AI operations are more resilient against attacks and less reliant on central data centers. 𝗔𝗜 𝗖𝗼𝗶𝗻𝘀 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗪𝗮𝘆 𝗣𝗔𝗔𝗟: Positioned as a pioneer in decentralized AI, PAAL focuses on creating a distributed network of AI agents that can operate independently yet collaboratively. 𝗢𝗽𝘀𝗲𝗰: This platform takes a unique approach by integrating AI with cybersecurity protocols on the blockchain. 𝗡𝗼𝗱𝗲 𝗔𝗜: Node AI is leveraging the power of blockchain to democratize access to AI by allowing users to contribute their computational resources and be rewarded with cryptocurrency. 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗔𝗜 𝗮𝗻𝗱 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 The convergence of AI and blockchain holds immense potential to revolutionize multiple industries by making AI tools more accessible, secure, and efficient. As these technologies continue to evolve, the integration of decentralized networks with intelligent capabilities will likely become a standard, influencing everything from healthcare and finance to education and governance. In conclusion, as we explore the synergies between AI and blockchain, it becomes clear that the path forward is not just about technological innovation but also about creating a more equitable and secure digital future. The efforts of platforms like PAAL, Opsec, and Node AI are just the beginning. As we continue to innovate, the possibilities are limitless. Stay tuned for more insights on how these technologies develop and reshape our world. Engage in the conversation and let us know how you see AI and blockchain transforming your industry! #AI #Blockchain #TechnologyInnovation #DecentralizedAI #CryptoAI

Proof of Work (PoW) and Proof of Stake (PoS) are fundamental to blockchain’s integrity, much like the foundation of a building supports its structure. 🔗 Read the full article for an in-depth analysis: https://lnkd.in/drf8YGV5 1. Energy Consumption: • PoW: Requires significant computational power, making it energy-intensive. Bitcoin mining alone consumes energy on par with entire nations. • PoS: Offers a more sustainable alternative by reducing energy consumption. Validators are chosen based on their stakes, minimising computational demands. 2. Security and Decentralisation: • PoW: Ensures security through its complex cryptographic puzzles, making tampering nearly impossible without significant power. • PoS: Reduces the risk of a 51% attack by requiring a substantial stake for control, but faces challenges regarding potential centralisation. 3. Scalability and Performance: • PoW: Faces scalability issues due to its intensive validation processes, leading to slower transaction speeds. • PoS: Provides enhanced scalability, enabling higher transaction throughput and faster processing times. Projects like Ethereum 2.0 and Cardano are leading this shift. 4. Pros and Cons: Proof of Work: • Pros: High security, proven track record with networks like Bitcoin. • Cons: Energy-intensive, scalability challenges, potential environmental impact. Proof of Stake: • Pros: Energy-efficient, scalable, aligns with environmental concerns. • Cons: Risk of centralization, where wealthier participants may have more influence. 5. Use Cases: • PoW: Dominates major cryptocurrencies like Bitcoin and Litecoin, known for its security and decentralisation. • PoS: Gaining traction with platforms like Ethereum 2.0 and Polkadot, ideal for applications requiring scalability and energy efficiency. Understanding PoW and PoS is crucial for businesses and enthusiasts alike. As blockchain technology evolves, knowing these mechanisms will help stakeholders leverage their strengths and address their weaknesses. Explore how these systems can drive the future of decentralised technologies. 🔗 Read the full article for an in-depth analysis: https://lnkd.in/drf8YGV5

Development Update 20 February - 27 February 🔺 Blockchain Progress Last week marked the rollout of v0.9.40 on the mainnet. The dev team remains hard at work, focusing on Substrate updates to ensure a smooth transition for v0.9.42. Additionally, they've made significant contributions to the Humanode codebase and submitted pull requests on Frontier. 🔺 Biomapper Documentation and SDK The team has been meticulously finalizing and refining documentation and SDK. This includes integration variations such as HTTP API, indexers, and bridges, along with detailed technical information and implementation specifics. We're thrilled to announce the release this week! 🔺 Exploration of Cross-chain Messaging Protocols Excitingly, the Humanode team is actively considering the addition of new bridges and is in discussions with various potential collaborators. This strategic move aims to enhance interoperability and connectivity within the blockchain ecosystem for both Humanode EVM and Biomapper. 🔺Research on Biometric Providers The team is fully immersed in the exploration of integrating more liveness detection providers to enhance decentralization within Humanode’s biometric infrastructure. This strategic decision underscores their dedication to diversifying and fortifying the ecosystem by welcoming a variety of reliable providers. Looking ahead, they are also deliberating on gradually incorporating multiple providers, ensuring the platform's resilience and adaptability as technology evolves and challenges emerge in the future. 🔺Technical Session with Facetec Last week, the team conducted a technical meeting with the founders of Facetec, delving into discussions on forthcoming biometric advancements, particularly those aimed at countering generative AI.

What Is Ontorand Consensus Engine (Ontology)? Ontorand Consensus Engine is VBFT (Verifiable Byzantine Fault Tolerance) consensus mechanism on the Ontology blockchain. VBFT is a combination of proof of stake, verifiable random function, and byzantine fault tolerance. Conventional blockchain requires each node in the network to have a complete copy of the blockchain, thus making it hard for the nodes to scale. By combining proof of stake, VRF, and BFT, the Ontology Consensus Engine (OCE) creates a blockchain that can theoretically allow near-infinite scalability, excellent security and speed. Ontology blockchain is a public blockchain project and distributed trust collaboration platform. It makes decentralized trust systems available to everyone, connecting different blockchains, improving the efficiency of business applications, and providing mainstream users with the ability to use public blockchains without having to know about their technical implementations. As the Ontorand Consensus Engine operates on VBFT (Verifiable Blockchain Fault Tolerance) technology, the processing power of consensus is doubled to mitigate faults. It uses the proof-of-work algorithm and ensures nodes verify transactions on the VBFT blockchain by making them perform computations on it. The VRF is part of an innovative cryptographic scheme that uses pairings to create a new, equally secure but much simpler function. It is more powerful than traditional two-party protocols such as those that rely on Diffie-Hellman (DH) or Elliptic Curve Diffie-Hellman (ECDH), and in many cases, it provides the same level of security with fewer steps. Byzantine fault tolerance is a fault-tolerant consensus protocol. The algorithm ensures that if an arbitrary number of processes fail, the system still works. This is critical for distributed systems, where we cannot rely on a central server to dictate and validate the execution of a networked application. The term byzantine fault tolerance is used to describe fault-tolerance in computer systems in which failures may be caused by Byzantine faults (i.e., arbitrary faults that are not due to faulty hardware alone, such as software crashes). This is in contrast to the use of more typical terms like "fault tolerance", which implies that only failed hardware is held to be a source of potentially erroneous behavior. What differentiates VBFT from other consensus algorithms is its tight integration with the governance model of the Ontology blockchain. It’s adapted to operate on the defined parameters of Ontology without affecting the randomness and fairness of the consensus process. With the help of VBFT, public blockchains can improve both performance and scalability. It consequently allows dApp developers to bring out their creativity the best way – the blockchain ecosystem relies on dApp developers hugely. VBFT has a long way to go and it’ll only improve with time. . . . . . . follow for more. 💰🚀 #Bitcoin #Binance #bnb

Wingbits: Decentralizing the Skies with Blockchain Innovation The aviation industry has long been a cornerstone of global connectivity. However, the complexities of air traffic management, data collection, and infrastructure development often rely on centralized systems prone to inefficiencies and vulnerabilities. Enter Wingbits, a groundbreaking initiative reshaping the aviation landscape with the power of decentralization. Wingbits isn’t just another tech project—it’s the first Decentralized Physical Infrastructure Network (DePIN) for aviation. Built on the Solana blockchain, Wingbits combines blockchain innovation with physical infrastructure to revolutionize air traffic systems, ensuring they are smarter, more transparent, and globally accessible. --- What is Wingbits? At its core, Wingbits is about decentralization. By enabling individuals and organizations to participate in collecting and sharing real-time flight data, Wingbits aims to democratize aviation infrastructure. This innovative approach eliminates reliance on centralized entities, instead distributing the workload and rewards across a global network of participants. Participants in the Wingbits network use specialized low-energy hardware to capture flight data. This data is processed and integrated into a decentralized system, ensuring a seamless, secure, and efficient air traffic management solution. Contributors are rewarded with $WINGS tokens, Wingbits' native cryptocurrency, creating an incentive-based ecosystem where everyone benefits. --- Why Does Aviation Need Decentralization? 1. Current Challenges in Aviation: Traditional air traffic systems are centralized, leaving them vulnerable to bottlenecks, inefficiencies, and even cyber threats. As global air travel increases, these systems struggle to scale, causing delays, higher operational costs, and safety concerns. 2. The Wingbits Solution: Wingbits decentralizes data collection and sharing, making the system more resilient and adaptive. By tapping into a global network of contributors, the platform ensures continuous data flow and broader coverage, even in remote areas. --- Powered by Solana Blockchain Wingbits leverages the Solana blockchain, known for its high speed, scalability, and low transaction costs. Here’s why Solana is the perfect choice for Wingbits: Speed: Solana’s lightning-fast transaction processing ensures real-time data integration. Cost-Effectiveness: Low transaction fees make the system accessible for participants worldwide. Energy Efficiency: Solana’s eco-friendly model aligns with the aviation industry's push for sustainability. By building on Solana, Wingbits combines blockchain’s inherent security with the efficiency required for aviation-scale applications. The $WINGS Economy Wingbits introduces $WINGS tokens, a native cryptocurrency that serves as the backbone of its reward system. Participants earn $WINGS by contributing flight data, creating a self-sustaining ecosystem.

𝐀 𝐃𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐌𝐨𝐧𝐚𝐝’𝐬 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 In the fast paced world of blockchain, innovation is essential. Enter Monad Labs, a cutting-edge Ethereum-compatible Layer 1 blockchain poised to redefine decentralized networks. Monad Labs introduces advancements aimed at scalability, performance, and efficiency. Key Features of Monad Labs: Ethereum Compatibility: Seamlessly compatible with Ethereum, allowing developers to port applications without code changes. High Throughput and Scalability: Monad handles 10,000 transactions per second (tps) through architectural innovations like parallel transaction processing and optimized consensus. Fast Finality: Single-slot finality within 1 second, crucial for applications needing quick settlement times. Innovations Behind Monad Labs: MonadBFT Consensus Mechanism: Ensures rapid agreement on transaction order, maintaining security. Deferred Execution: Nodes agree on transaction order before execution, enabling parallel processing. Optimistic Parallel Execution: Executes transactions in parallel, managing conflicts efficiently. MonadDb: Custom database for fast access times and efficient storage, supporting high throughput. Comparing Monad and Ethereum: Monad offers full compatibility while addressing Ethereum’s scalability and transaction fee challenges. By increasing throughput and reducing finality times, Monad provides a more scalable and efficient alternative. Getting Involved with Monad Labs: Development: Start building on Monad today, using Ethereum development tools. Community Engagement: Join the Monad community on Discord and Twitter. Testnet Participation: Test applications on the Monad testnet. Monad represents a significant step forward in scalable and efficient blockchain technology. Whether you’re a developer or an enthusiast, Monad offers a promising glimpse into the future of decentralized technology. Detailed Post on my blog https://lnkd.in/dw5UymtV