AntChain Unveils Multiple New Web3 Initiatives With Partners
Together with its partners, AntChain today unveiled a series of new Web3 initiatives, including an open-source project featuring its industry-leading cross-chain technology and AntChain OpenLab, to support Web3 developer community at the 2023 Ant Group Digital Technologies Developer Conference.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230425006214/en/
Yan Ying, Technical Director of AntChain, at the 2023 Ant Group Digital Technologies Developer Conference (Photo: Business Wire)
Web3 is commonly known as a more secure and blockchain-based Internet comparing to the current version (Web 2.0). Cross-chain technology is a key component of Web3 to make it an interconnected and open ecosystem. At the conference, the Institute of Electrical and Electronics Engineers (IEEE) released the first international standard for cross-chain technology, while AntChain Bridge, a high-security heterogeneous cross-chain protocol developed with this standard, opened its source codes to the developer community. This is the first time that AntChain open-sourced its fundamental technologies.
"Cross-chain technology connects different blockchains and facilitates cross-chain value circulation. The new standard brings a unified communication protocol, and significantly reduces the cost of interconnection of blockchains, " said Li Ming, Chairman of the IEEE Computer Society Blockchain and Distributed Ledger Technology Standards Committee.
"Cross-chain technology is essential to unlocking the full potential of Web3. By connecting different blockchains and use cases across industries with the technology, we will create a more interconnected and open ecosystem that allows for large-scale transferring of digital assets, " noted Yan Ying, Technical Director of AntChain. "After several years of exploration, we are glad to share our cross-chain technology and technical know-how with the Web3 community through this open-source project. We hope the project can help facilitate the development of the Web3 community and make the technology more inclusive."
In 2019, AntChain launched its cross-chain product ODATS (Open Data Access Trusted Service). Over the past years, ODATS has been adapted and validated in various use cases including financial services and logistics.
Also at the conference, AntChain announced the establishment of AntChain OpenLab, which focuses on the research of technologies including blockchain protocols, security and compliance, private-preserving computing and trusted hardware solutions together with Web3 researchers and developers. AntChain OpenLab aims to contribute to an open, secure and highly-efficient Web3 technology ecosystem.
In the meantime, multiple node operators, including Shanghai Data Exchange, Zhejiang Cultural Industry Investment Group and AntChain, co-launched Web3 OpenChain, a suite of Web3 development platform, services and toolkits. Upgraded from AntChain OpenChain, launched in 2020, Web3 OpenChain offers full-stack technology services for Web3 development and is compatible with other major protocols such as Ethereum.
Geoff Jiang, President of Digital Technologies Business at Ant Group, said, "Industrial Web3 and value network are the cornerstones of tomorrow’s Internet. Innovations including cross-chain technology based on international standards will enable the interconnection of different blockchains, help us move from an information network to a value network, and support the development of the digital economy."
Beyond Web3 initiatives, China Unicom Digital Technology (CUDT) and UNISOC also worked with AntChain to launch a trusted baseband chip customized for the electric vehicle industry. With highly-integrated baseband chip design from UNISOC, customized communication capabilities from CUDT, and AntChain's expertise on blockchain and IoT technologies, this new chip securely connects external data with blockchain environments at hardware level to achieve end-to-end security and trustworthiness.
Over 2,000 corporate and individual developers, and more than 200 Independent Software Vendors (ISVs) and partners attended the conference.
About AntChain
As the flagship technology brand of Ant Group, AntChain is dedicated to building the foundations of trust with innovative technologies including blockchain, internet of things, data analytics, and intelligent risk management. It aims to develop mutually trusted, high-efficiency technical solutions for the industrial internet, and to support industry collaboration and value creation.
To learn more, please visit: https://www.antchain.net/
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230425006214/en/
Contact information
Media Inquiries
AntChain
Vick Li Wei
Vick.lw@antgroup.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
IFF Reports First Quarter 2024 Results7.5.2024 00:27:00 EEST | Press release
IFF (NYSE: IFF) reported financial results for the first quarter ended March 31, 2024. Management Commentary "We have started the year well, with good results across the majority of our business," said IFF CEO Erik Fyrwald. "In the first quarter, we delivered volume growth and productivity gains, which resulted in solid top-and-bottom-line results on a comparable basis. We are off to a good start, yet recognize that it is still early in the year and uncertainty remains. Based on our performance to date and our outlook for the balance of the year, we believe results will likely trend towards the higher-end of our previously announced guidance ranges. We also took important steps in our portfolio optimization strategy by reaching an agreement to sell our Pharma Solutions business and completing the previously announced divestiture of our Cosmetic Ingredients business. These actions, along with the rightsizing of our dividend earlier this year, represent significant steps toward our commi
IFF Chief Financial and Business Transformation Officer Glenn Richter to retire year end 20246.5.2024 23:16:00 EEST | Press release
IFF (NYSE: IFF) today announced that Glenn Richter, IFF’s Chief Financial and Business Transformation Officer, plans to retire Dec. 31, 2024 after a three-year tenure with the company. A succession process has been initiated to evaluate internal and external candidates to succeed Richter as CFO. “During his time at IFF, Glenn has driven multiple actions to improve our balance sheet and position the company for financial success,” said Erik Fyrwald, IFF CEO. “We have benefited from his experience and commitment to transformation. Notably, the work he has led on portfolio optimization, strategy development and our shared services agenda have positioned IFF to drive long-term profitable market share growth. The Board and I are grateful for all Glenn has helped IFF accomplish, and we appreciate his ongoing leadership of the finance function and support in identifying his successor and ensuring a smooth transition.” Richter has been with IFF since 2021, leading global finance. Before joinin
The Empire State Building Partners with Outward Bound on First-Ever, Full Rappel Down the Building for Charity6.5.2024 21:34:00 EEST | Press release
The Empire State Building (ESB) hosted 20 brave supporters of Outward Bound – along with participant Jared Leto – in a historic rappel down the building’s south façade, in partnership with Outward Bound to raise transformational funds for the charity across the world. Participants total donations exceeded $3 million to Outward Bound, which will make a profound difference in the educational journeys of young people everywhere. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506846659/en/ The Empire State Building Partners with Outward Bound on First-Ever, Full Rappel Down the Building for Charity (Photo: Business Wire) “The Empire State Building is the perfect host to amplify Outward Bound’s charitable mission through this historic rappel, and it reaffirms the Empire State Building’s long-held status as a symbol of hope, strength, and resilience,” said Tony Malkin, chairman and CEO of Empire State Realty Trust. “My wife and
Armis Wins 6 Global InfoSec Awards at RSAC 2024, Named “Hot” Cybersecurity Company6.5.2024 19:10:00 EEST | Press release
Armis, the asset intelligence cybersecurity company, today announced that it has won six Global InfoSec Awards from Cyber Defense Magazine at this year’s RSA Conference. Armis received the following accolades: Armis named “Hot Cybersecurity Company” Nadir Izrael, Armis’ Co-Founder and CTO, awarded “Cutting Edge Chief Technology Officer” Armis Centrix™ won multiple awards: “Cutting Edge” platform accolade in the Cyber Exposure Management category “Best Product” for Attack Surface Management “Next Gen” product for Vulnerability Prioritization and Remediation The Armis AI-powered Asset Intelligence Engine received a “Publisher’s Choice” award in the category recognizing AI Platforms for Cybersecurity Strategy Analytics “These accolades reinforce Armis’ dedication to innovation and our commitment to helping our customers solve their biggest cybersecurity problems through one comprehensive platform,” said Yevgeny Dibrov, CEO and Co-Founder of Armis. “Armis will continue to push the boundari
Edgio Named Winner of the Coveted Global InfoSec Awards During RSA Conference 20246.5.2024 19:00:00 EEST | Press release
Edgio is proud to announce it has received the Web Application Security award from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine. According to Verizon’s Data Breach Investigation Report (DBIR), over 60% of data breaches were attributed to web applications, underscoring the urgent need for organizations to continuously manage threat exposure across their web applications and throughout the entire DevSecOps lifecycle. Committed to addressing the complex and evolving needs of organizations, Edgio continues to innovate and expand its services with its recent launch of Attack Surface Management (ASM) - a solution designed to discover all web assets, provide full inventory of technologies, detect security exposures and manage exposure response across an organization from a centralized management interface. ASM, coupled with Edgio’s holistic web security solutions and managed security services provide the industry’s first edge-enabled continuous
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom