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This Project Might Give Web3 The Radical Refresh It Desperately Needs

Radix

Radix DLT is the world’s first full-stack for DeFi, with the team behind it set on building the foundations for Web3 to truly scale and obsolete traditional finance for good - a feat still to be conquered by those building in the space. While the project isn’t to be fully launched on the public network until next year, after 9 years of building, on December 8, the dedicated and focused minds behind Radix will be unveiling how they plan to radically change the face of finance at the free virtual event, RadFi 2022. Find out more here. Despite the impressive growth registered by DeFi throughout 2021 and beyond, Ethereum and other smart contract platforms have been beset with problems of security and scalability, which has made it difficult for platforms to develop production-quality DApps. The Ethereum network, which first launched smart contracts several years ago, uses its native programming language Solidity, which is fairly easy to learn for simple smart contracts but gets incredibly complex and difficult to make secure. Many who’ve tried it suggest it would take years of programming experience with Solidity before it can be used to create secure and stable code. As a result, it’s prone to hacks, exploits, and failures even when built by experienced developers. If DeFi is to go mainstream, it needs to be able to radically improve in order to support a global shift for the $400 trillion banking and financial system that currently hosts billions of users worldwide. Why Have Web 3.0 And DeFi Development Suffered? At the core of what it takes to enable a digital ecosystem to thrive is its developers - a demographic who, ironically, has had one of the toughest onboarding journeys into Web 3.0 so far. Despite the growth of developers in Web 3.0 continuing to somewhat increase, only a small percentage of the world’s software engineers currently work in Web 3.0. The number of developers working specifically on DeFi projects is even smaller, and there are nowhere near enough programmers to achieve the scale of DeFi envisioned by its proponents. Of the almost 30 million developers globally, those trying to break into Web 3.0 are just a fraction. Here are some stats from the Electric Capital Developer Report (2021) on Web3 developers: 18,000+ monthly active developers commit code in open-source crypto and Web3 projects. 34,000+ new developers committed code in 2021 alone, which is the highest so far. 2,500+ developers are working on DeFi projects. Less than 1,000 full-time developers are responsible for over $100 billion in total value locked in smart contracts. The team building Radix believes there are four major barriers DeFi developers face that are hindering the growth of DeFi. Its goal is to solve these problems through four crucial technologies that build the backbone of the Radix network: Achieve scalability without breaking DeFi composability, for which Radix developed Cerberus consensus protocol Avoid smart contract app hacks, exploits, and failures through its Radix engine Build interoperable DeFi dApps faster through the creation of a DeFi blueprint catalog of reusable code Incentivize the decentralized development community through its developer royalties program, which is directly managed by the platform After nine years of innovative development leading to an impressive roadmap, those behind the project are about to finally unveil exactly how Radix’s radically different infrastructure will finally take Web3 mainstream. Radix is building “the future of DeFi” on an asset-oriented approach, which is fundamentally different from Ethereum and almost anything else currently existing within the ecosystem. With Ethereum smart contracts, users don't actually hold or directly control their tokens, and instead rely completely on the smart contract and its ability to maintain a list of balances that defines the “ownership” of each token. Unlike most smart contract platforms where your tokens aren’t actually stored in your wallet, with asset-oriented DeFi built on the Radix Engine, users will actually hold their tokens within their own smart contract account on ledger and would not need the approval of other smart contracts to spend their own tokens. They can also define exactly how many tokens they intend to pass to or receive back from smart contracts - vastly improving security and enabling the concept of a “trustless” ecosystem to thrive. To make the advantages of an asset-oriented paradigm real and usable for developers, Radix has built its own custom programming language, Scrypto, which enables the Radix Engine’s unique features while maintaining a much-improved development experience with expressive logic. Scrypto’s asset-oriented features, and the lifecycle of a “component” (a Scrypto smart contract), would naturally allow developers to focus on their own business logic and lean on the Radix Engine for intuitive, safe handling of assets. Once the final deployment of Radix is complete, developers who build on the network will be able to build efficient, secure, and usable products much easier than ever before, and in a way that resembles the fast-adopted simplicity of traditional fintech. The team behind Radix doesn’t seem to do anything by halves. Ahead of the release of ‘Babylon’ next year – the DeFi ecosystem that will enable Scrypto “component” smart contracts to run on network – Scrypto was made available in a private environment earlier this year for developers to experiment with early builds & tests. Within mere months, excitement was buzzing among the developers who took up the opportunity, with many pointing out the considerably cleaner experience in comparison to other smart contract languages. Scrypto has been gaining more and more traction since, with more than 130 projects now having been built onto the platform before it’s even public. Here are some excerpts from those building on the project so far: “Using Scrypto is kind of like bowling with the bumper walls up so you can't hit the gutter (hacks, bugs, composability issues) and it's faster/easier to get a strike.” “Scrypto is a game-changer. Once folks from the other ecosystems figure it out, they will come to Radix to build. We'll see an explosion of DApps being built for the network.” One analogy is a visual comparison of a poor man's toolbox with a hammer, wrench, and ruler (solidity tools) vs a fully sponsored workshop with power tools, a lathe, a table saw (scrypto tools) Recurring events like that of FTX’s demise prove the crypto industry needs to migrate from trusting centralized institutions often held to little accountability, to public decentralized ledgers – where all holdings and transactions are transparent, and where users actually control their own funds. If the Radix technology roadmap is delivered, the project might just be the first to truly build what’s needed to enable a new, improved, financial ecosystem powered by Web3. On Dec 8, Radix is hosting a free virtual event — RadFi 2022 — with over 10,000 people pre-registered, where the minds behind the project will unveil how they plan to take DeFi mainstream. Find out more here. Read Radix’s whitepaper on DeFi here to educate yourself on the company’s ambitious and transformative project before heading to RadFi 2022. To read the most recent Benzinga articles on Radix click here and here. If you would like to know about Radix’s journey and its products, visit the company website. DeFi needs to be better - and it’s about to get radically better with Radix. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. Find out how. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Amy Wilkinson amy.wilkinson@rdx.works

December 07, 2022 08:15 AM Eastern Standard Time

Identity-Bound Biometrics Could Eliminate Hidden Costs Of Current Passwordless Solutions, Says BIO-key

BIO-key International, Inc.

With the ever-growing number of websites that individuals need to log into these days, for both work and personal matters, creating and remembering countless, unique, and secure passwords have become a substantial challenge. In the workplace, specifically, this could lead to potential security risks as employees may end up ignoring security protocols altogether due to password fatigue, putting their organization’s data security at risk. In addition to the pain points arising from having to remember passwords, traditional authentication methods also result in mounting costs for organizations – with sizable IT helpdesk resources required just for password resets alone. Additionally, according to the World Economic Forum, 80% of all cybersecurity breaches occur as a result of weak or stolen passwords. With all the issues associated with password-based authentication, organizations are now seemingly ready to move away from this approach. A recent survey showed that 82% of business leaders currently say that they are ready to implement passwordless authentication options within their organizations. Current Passwordless Authentication Options May Not Be The Best Most of the passwordless authentication solutions adopted today rely on hardware tokens or mobile devices – which present their own set of issues, including security risks from the loss of the physical devices and usability challenges in restricted areas of operation such as contact centers and manufacturing floors. Additionally, authentication methods involving mobile phones could involve hidden costs for both the employer and employee. BIO-Key International Inc. (NASDAQ: BKYI), a provider of Identity and Access Management (IAM) solutions, reports that it offers authentication options that could address such risks and issues by offering an easier and more secure way to authenticate the identity of employees, customers, and suppliers. The company says that its unique approach to authentication uses Identity-Bound Biometrics (IBB) to manage access across devices and applications within the organization. IBB is part of BIO-key's unified IAM platform — PortalGuard ® IDaaS (Identity-as-a-Service) — which offers various authentication options, including biometrics, to meet the security goals of most modern organizations and deliver an optimized user experience, reports the company. BIO-key also recently introduced new authentication methods to its one-of-kind multi-factor authentication mobile app, MobileAuth TM, which now includes server-secured facial recognition, device-based biometrics for Android and iOS, and push token support. The app was initially launched with just one biometric option, PalmPositive TM, which supported secure biometric authentication through palm scanning. Benefits Of BIO-key’s Identity-Bound-Biometric Solution According to the company, Identity-Bound Biometrics provides a unique and superior level of security as it verifies the identity of the person completing an action– logging into a system, completing a transaction, accessing private information–instead of just authenticating a device, token, or credential. Traditional passwordless options involving a physical device like a mobile phone or token simply confirm that an approved device is being used. There is no way to confirm that the device is actually being used by the authorized individual. IBB offers flexibility and ease of use, where a one-time enrollment quickly sets up access across multiple devices and locations for employees in organizations implementing their solution, says the company. There is also greater deployment versatility and scalability across use cases with BIO-key’s IBB solution, which enables enterprises to provide a consistent and seamless user experience for their employees. In addition, it reduces overall costs by streamlining IT department resources and eliminating operational redundancies yielded by traditional authentication systems. The company reports that its IBB option is cloud-ready and easily integrated with systems, applications, and infrastructures. It is a safe, efficient, cost-effective, and secure option that can be applied to a range of common use cases, including shared workstations, zero-trust environments, remote access, and scenarios where mobile devices are not permitted. Through its trusted biometric authentication solution, Identity-Bound Biometrics, BIO-key believes it could enable organizations to move into a passwordless future with a solution that’s easy to use and hard to hack. IBB could help employers, employees and customers by eliminating the hidden costs associated with current options that involve mobile phones, hardware tokens or other physical devices with a more sensible authentication solution. More information about BIO-key’s Identity-Bound Biometric solutions can be found on BIO-key.com. BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software managing millions of users. Its cloud-based PortalGuard IAM solution provides cost-effective, easy to deploy, convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading Identity-Bound Biometric (IBB) capabilities, enable large-scale Identity-as-a-Service (IDaaS) solutions, as well as customized on premises solutions. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Catalyst IR- William Jones, David Collins +1 212-924-9800 BKYI@catalyst-ir.com Company Website https://www.bio-key.com/

December 07, 2022 08:15 AM Eastern Standard Time

Holiday Cheer gift ideas with Chassie Post

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

December 07, 2022 06:00 AM Eastern Standard Time

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CleverTap Unveils RenderMax

CleverTap

CleverTap, the World's #1 Retention Cloud today unveiled RenderMax – a proprietary technology that can increase mobile push notification render rates up to 90% on low-end Android devices. Push notifications have the power to increase customer retention rates anywhere from 3 - 10 times. Most marketers just focus on their push notification delivery rates, but a “delivered" notification that doesn't render on the user’s device is a wasted effort. For those who equate delivery and rendering as equal, render rate is the percentage of the number of push notifications the end user received (and were rendered) on the user’s device compared to the total number of push notifications that were sent. All Chinese OEM devices use a custom variant of the stock Android OS. To optimize battery consumption, these OS variants are configured to bypass the Google/Firebase push delivery service, resulting in low delivery rates and even lower render rates. RenderMax gives CleverTap customers a significant competitive advantage as they can now engage users they could not before and elevate the ROI from their push campaigns. This is especially true for devices that are in battery saver mode or cannot be reached due to inactivity. “RenderMax is a testament to our continued commitment towards product development and innovation. Low render rates stifle the true potential of mobile push notifications. We are confident that with RenderMax, brands will be able to harness the full power of push notifications. What’s interesting is that we are offering RenderMax to all customers at no additional cost to any brand that wants to try it out.” said Anand Jain, Co-Founder & Chief Product Officer, CleverTap. Betterhalf, India's first and only marriage super app was provided an early access to RenderMax and their push notification render rates more than doubled! Shankar Krishnamurthy, Group Product Manager, Betterhalf said, “At Betterhalf, mobile push notifications are critical for our business. With CleverTap’s innovative RenderMax solution our push notification render rates have skyrocketed to 85%.” RenderMax powers up the render rates of customers’ push notifications, amplifies the push notification reach, and maximizes user engagement. Enhancing the reach of push notifications can help CleverTap customers lower costs, increase engagement and conversion rates, and reduce churn. “The CleverTap platform has a great breadth of capabilities, and this innovative mobile push solution will certainly help them stay much ahead of the competition,” Shankar added. CleverTap RenderMax works with Android OEMs such as Oppo, Xiaomi, Vivo, One Plus, POCO, Realme, and Samsung. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

December 07, 2022 05:07 AM Eastern Standard Time

Comcast Invests in Chico, Calif. Launching Three New Lift Zones to Help Increase Digital Equity in the Region

Comcast California

Comcast today announced the opening of a new Lift Zone at The Jesus Center and one in The Torres Community Shelter in Chico to provide free WiFi access to families across the area with an additional Lift Zone location opening at The Jesus Center early next year. As part of its larger digital equity initiative, Comcast also announced donations totaling $75,000. The Jesus Center received $50,000 to help their residents and those of the Pallet Shelter with digital literacy training and work readiness skills, and the Torres Community Shelter received $25,000 to provide digital literacy training to unhoused adults and seniors. Comcast’s Lift Zones program provides free WiFi, powered by Comcast Business, to enable students, seniors, families, and community members to get online and fully participate in the digital economy. With these new locations, Comcast now offers three Lift Zones in the City of Chico — and a total of over 150 Lift Zones throughout its California service area. “Helping to close the digital divide and address digital equity remain top priorities here in Chico,” said Mayor Andrew Coolidge, of Chico, CA. “Our city and our region have become more dependent on broadband to learn, find work and healthcare services and many other aspects of our daily life. Comcast’s new Lift Zones along with their significant financial investments into our city, will create opportunity for individuals, families, and seniors in our community.” “Comcast’s significant investments in our shelters and our communities will help us expand not only our digital literacy efforts but our workforce development initiatives and shows their commitment to providing the necessary tools and resources to those who will benefit most from these life-changing opportunities,” said Amber Abney-Bass, Executive Director of The Jesus Center. “Today’s announcement, and Comcast’s support, will allow us to ensure all of our community members have access to the services they need to thrive.” Today’s announcement and donation are part of Project UP, Comcast’s $1 billion commitment to reach millions of people with the tools, resources, and skills needed to succeed in a digital world. Comcast’s Lift Zones program complements its Internet Essentials program which, since 2011, has helped connect more than 10 million low-income people to the Internet at home. In California, Comcast has connected more than 1.7 million residents, making it the number one state in terms of overall participation in the Internet Essentials program. “We’re proud to partner with the City of Chico to launch these new Lift Zones and donate $75,000 to advance digital equity and workforce readiness in our most vulnerable neighborhoods,” said David Tashjian, Regional Senior Vice President, Comcast California. “Today’s announcement is a testament to the continued commitment from Comcast in closing the digital divide and ensuring equitable digital learning opportunities are available to every individual who seeks it. Our continued partnership with the city and our community partners will equip individuals, families and seniors with the tools, skills and resources they need to achieve their goals.” Comcast continues to be a proud participant in the Federal Government’s Affordable Connectivity Program (ACP), which provides eligible people up to a $30 per month credit toward their Internet and mobile services (and $75 per month on tribal lands). New and existing Xfinity Internet or Internet Essentials customers can learn more about the program and sign up here. About Comcast Corporation: Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. About The Jesus Center For more than 40 years, The Jesus Center has been offering help and hope in the name of Jesus to the homeless population of Chico. The Jesus Center provides a variety of programs to help those they serve move from isolation and homelessness, to community, stability and contribution. Their current 58-bed shelter facility will be augmented by an additional 100 beds for families and seniors experiencing homelessness with the opening of the Renewal Center in June. As a contractor for the City of Chico, the Jesus Center also operates the Pallet Shelter, an emergency housing site consisting of 177 units designed to serve up to 354 individuals. They exist as part of a continuum of service providers, churches, local government, schools and community groups who together care for the various needs of the homeless and at risk for homelessness population. For more information visit www.jesuscenter.org. About True North Housing Alliance: True North Housing Alliance moves people forward and out of homelessness with compassion, dignity, and accountability. As the largest provider of low-barrier emergency shelter north of Sacramento we provide 3 hot meals a day, showers, laundering services, and wrap-around case management to upwards of 200 individuals daily. The Torres Community Shelter is our largest operation, where we serve up to 177 adults in need of emergency shelter daily. Providing a dignified experience at what is arguably a person's lowest point is integral to our mission. Going beyond basic needs, we work to support individual's efforts to cultivate the skills necessary to achieve and maintain permanent housing, including vocational training skills. Contact Details Jon Koriel +1 925-315-2690 Jon_Koriel@comcast.com

December 06, 2022 11:00 AM Pacific Standard Time

CPACharge Launches Integration With Dynamic Tax & Accounting Software, SmartPath.co

CPACharge

CPACharge, the online payment solution developed specifically for tax and accounting firms, has announced a new partnership with SmartPath.co, a leading provider of software for tax and accounting firms. This new integration gives tax professionals access to an all in one accounting platform that saves time, safely collects payments, and improves customer satisfaction. The new SmartPath Engage Platform will be fully integrated with CPACharge allowing tax firms to price any client in real time and automatically align their profit margins. Since 2018, tax legislation changes have caused tax firm’s profit margins to plummet as they are spending more time than ever helping clients navigate complex financial issues, fees are dragging far behind inflation causing many firm owners to suffer. SmartPath Engage with CPACharge will increase profit margins for tax & accounting firms by securely collecting fees online for services that were never billed or captured through previous paid engagements. The integration provides clients with more transparency and the ability to choose their own engagement level in simple terms. “We are excited to launch the CPACharge integration with SmartPath.co, which will give our customers a dependable solution to help increase revenue,” said Dru Armstrong, Chief Executive Officer of CPACharge. “Tax and accounting firms will now be able to use the all-in-one solution with CPACharge and SmartPath allowing them to operate their businesses smoother and more efficiently.” By using the new SmartPath Engage Platform, small business owners and W2 employees will now have a way to easily request additional services from their tax accountant right from their phone adding more convenience to clients and increasing productivity for high- efficiency firms. "We're excited to launch this new platform which will increase client satisfaction. Possibly for the first time, a consumer can understand and select the tax and accounting services most important to them while seeing their price in real time," said William Hamilton, Founder of SmartPath.co. "This will align profit margins for tax firms and allow payment collection for services clients have always wanted, but were previously never captured." For more information, visit here. About SmartPath.co SmartPath boosts profits for small Tax & Accounting firms. We provide tools that attract ideal clients and help firms unlock productivity by moving to a simple subscription pricing model. About CPACharge CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. AffiniPay is headquartered in Austin, Texas and offers a modern payment gateway that integrates with more than 40 software solutions and is trusted by 50,000 firms. CPACharge is the only payment solution offered as a Member Discount Partner by the AICPA and recommended by more than 35 state CPA societies. Visit cpacharge.com to learn more. CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. Contact Details Keely Leonard +1 512-368-8988 kleonard@affinipay.com Company Website https://www.cpacharge.com/

December 06, 2022 10:50 AM Central Standard Time

Velocity Global appoints finance and technology executive Junko Swain to its board of directors

Velocity Global

Swain to lead the Audit Committee Brings over 25 years of experience in finance and accounting Velocity Global, the leading provider of global talent solutions, announced today that notable finance and technology executive Junko Swain has joined its board of directors, where she will serve as an independent board member and lead the Audit Committee. “I have admired Junko for years. Her reputation is unparalleled across Silicon Valley, and my own personal interactions with her only furthered that sentiment,” said Ben Wright, founder and CEO of Velocity Global. “You know a strong finance leader when you see one, and I’m honored that Junko will bring that financial leadership excellence to our company as a board member. Furthermore, her experience in human capital management and deep understanding of company operations at scale will be a huge lift to our team.” Before joining Velocity Global’s board of directors, Swain held senior leadership positions with several technology companies, including Upwork, Vantiv, Apple, VMWare, and eBay, and successfully led the transformation of finance operations throughout the IPO process for two of these companies. In addition, Swain is a strong advocate for flexible work models and the future of work, having successfully built a strong performance-oriented finance organization by utilizing both independent talent and full-time employees at Upwork as well as a scalable organization through hybrid workforce management models, M&A integrations, and global finance operations at eBay. Swain joins Robert Schlossman and recently-announced Francoise Brougher as independent board members, along with investor board members Cas Schneller, Kunal Aurora, and Parker Barrile. “I'm passionate about the future of work as I've seen and personally experienced significant changes in the workplace in the past several years,” said Swain. “The rise of remote and hybrid work has opened up more diversity and equity for talent globally while allowing companies to access a truly global talent pool. Velocity Global is a pioneer in enabling employers and top talent to work with each other, regardless of location. I'm thrilled to join Ben and the team on the journey to providing borderless and boundless employment at scale.” The company’s Global Work Platform™ seamlessly connects employers and talent worldwide through proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale. Users access a streamlined technology interface and partner with a dedicated customer experience team for individualized solutions and support. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a "Leader" in Global Employer of Record Services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Anja Koltes +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

December 06, 2022 09:00 AM Mountain Standard Time

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Secro Wins Approval from the International Group of P&I Clubs

SECRO

The International Group of P&I Clubs (the Group) added Secro as an approved electronic bill of lading provider. Established in 2021, Secro is an independent technology company helping buyers and sellers of bulk commodities to digitize their core business workflows and optimize working capital. Approval by the Group ensures that liabilities arising in respect to the carriage of cargo under such paperless trading are covered. The legal documentation and terms of use associated with the use and operation of Secro system, as well as the Secro electronic bill of lading, were reviewed and approved by the Group. Secro, which is a proud member of BIMCO, provides a frictionless digital trade documentation platform that is safe, trustable and seamless. The customer is onboarded to the Secro platform with a nimble click-through process and can collaborate with its trading partners in minutes. Internal due diligence is simplified by robust yet concise terms of use and conditions of carriage. Further, the Secro platform enables the customer to invite its trading partners on the platform, for free, just by sharing a secure link at any given stage of the transaction, allowing unprecedented flexibility. Secro Co-Founder and CEO, Michele Sancricca stated: “Our customers asked us to build a platform to easily create securely exchanged electronic bills of lading with anyone in the world without the need for cumbersome private agreements. This innovative approach delivers the ease of adoption that legacy providers did not achieve.” Truly viable electronic bills of lading, able to replace traditional paper-based documents, has been a chimera for decades. Thanks to Secro proprietary technology’s compliance with the latest digital trade laws, for the first time the adoption of electronic bills of lading really offers speed, security and cost savings. With Secro’s ease of use, and the Group’s approval, traders, shippers, banks and ship owners can digitally transact with confidence. Sancricca wants the maritime community to appreciate that this is just the beginning for Secro. “Secro E-bill of lading is only the first product we are launching in this arena. Customers will find in Secro a one-stop-shop to digitize their end-to-end trade workflows.” At SHIPPINGInsight 2022, Secro received the organization’s Innovation Award by securing the most support from investors and shipowners in the SHARK TANK. Secro is currently available to selected customers with the public launch expected during Q1 2023. For more information on the company go to Secro. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com Company Website https://secro.io/

December 06, 2022 10:38 AM Eastern Standard Time

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The Beta Version of Ink Finance’s Powerful Toolset Is Live—Here’s Everything Investors Need to Know About QUILL, Ink’s Native Token

Ink Finance

Ink Finance is an all-in-one toolset for the organizations of Web3 to build and operate their financial framework. Thanks to its plug-and-play features and the flexibility to issue and risk manage bespoke financial products across multiple blockchains, INK is reportedly quickly becoming the financial governance tool of choice for emerging crypto ecosystems and traditional institutions alike. What unlocks those features and realizes the platform’s value is QUILL, INK’s native token. Here’s a breakdown of QUILL’s tokenomics, and how DAOs use them as needed governance capital, as well as how QUILL holders can use them to share the growth with up-and-coming DAOs. The Initial QUILL Staking Rewards Ink Finance will set aside 25% of the QUILL tokens as the governance staking rewards, over a 20 year release period. The daily emission will be dynamically calculated based on annual usage figures. Ink Finance accrues the captured transaction or asset custody fees into its treasury, and will use these cryptocurrencies to buy back the QUILLs in circulation, and then “soft destruct” them by placing them at the bottom of the reward pool as future emission. INK’s Fee Capture Tools Generate Returns for QUILL Holders Removing QUILLs from circulation places upward pressure on their prices as more and more DAOs use the INK facilities, benefiting all QUILL token holders as the treasury directly “monetize” fees and “rents” captured by the platform. The fees charged are for financial services provided to DAOs running on INK platform, initially set at 0.2% per transaction and 0.5% per annum for assets under custody. While 25% of the income generated from those fees is used to maintain the INK platform, the remaining 75% are used to buy back the QUILLs in circulation. The entire QUILL holder community, including the DAOs who must stake them to use the functions, have the right to vote on how to adjust those rates. For DAOs, QUILL Is a Form of Necessary Working Capital While most of the features on INK, including the core governance functions, are completely free, more advanced fiscal and financial features are behind a sort of paywall. DAOs that need to use these advanced tools must acquire and stake QUILLs to unlock them. Unlike the subscription model of the Web2 SaaS, DAOs can preserve such working capital and sell them when they decide to stop their operations, instead of paying the irrecoverable subscription fees. This could be a truly innovative utility model in which the users are also the partial owners of the software. It’s a bit like a traditional startup buying real estate or machinary to run its business; if it doesn’t succeed, the company can liquidate those assets to recapture, or even gain appreciation on, the initial investment. The minimum number of QUILLs required to activate advanced features will later be determined in a transparent voting process, which all existing DAO users will be able to participate in by virtue of their staked QUILLs. All staked QUILLs earn emission rewards. INK Also Enables the QUILL Holding Community to Sponsor DAOs If DAOs currently don’t have upfront capital to acquire and stake the required minimum QUILLs, any QUILL holders in the INK community can be their sponsors, granting them the ability to use the advanced features by staking their QUILLs on behalf of the sponsored DAOs. Typically the sponsor will ask for revenue sharing with the DAOs in return, and it is totally determined by the market and free will. What’s the most critical part of this arrangement is that the sponsors can insist on holding one of the DAOs Treasury Managers to make sure both sides deliver on their promises - the real meaning of smart contracts. While being the sponsors, QUILL holders continue receiving the staking rewards, adding to the revenue sharing generated by the DAOs they sponsor. The goal of these mechanisms of QUILL is to foster a wide and diverse ecosystem of innovative and unique DAOs while giving members of the INK community a way to generate long-term returns in exchange for supporting that growing ecosystem. Ink Finance is a DAO governance toolset, enabling all kinds of ecosystems to establish governance economy, manage internal finance, and connect with DeFi investors everywhere, through a no-code user experience. As a Financial SaaS built on blockchain, Ink Finance has the most comprehensive financial engineering tools to support on-chain issuance, settlement, clearing, and analysis of Non-Fungible Financial Products.Ink Finance is backed by heavy weight eco builders such as Republic Crypto and DeFi Alliance, partnered with cutting-edge solution providers such as Humanode, Astra, SolvFinance, Polytrade and deBridge, etc. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Camille Zhang camille.zhang@ufit.live

December 06, 2022 10:10 AM Eastern Standard Time

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