Hedera is a cutting-edge, proof-of-stake network designed to empower developers to create decentralized applications. It provides essential services such as smart contracts, consensus mechanisms, and token generation. What distinguishes Hedera is its remarkable speed, energy efficiency, and strong security, underpinned by its pioneering hashgraph consensus algorithm.
Genfinity has gathered the ecosystem’s most crucial updates, making it effortless for you to stay informed!
Valour Hedera ETP Launched on the Frankfurt Stock Exchange
Valour Inc. launched its Valour Hedera ETP on the Frankfurt Stock Exchange on June 18, 2024. This ETP leverages the Hedera network’s advanced distributed ledger technology, aiming to provide regulated access to Hedera’s native cryptocurrency, HBAR. Significantly, the move underscores Valour’s commitment to making digital asset investments more accessible and secure for institutional and retail investors across Europe. Hedera’s energy-efficient and scalable platform, governed by a decentralized council, adds robustness to the ETP, highlighting its potential in the evolving cryptocurrency market.
Valour Inc., a subsidiary of DeFi Technologies Inc., specializes in providing simplified access to digital assets through exchange-traded products (ETPs). Established in 2019, the company has quickly established itself as a leader in the digital asset investment space in Europe. Valour’s ETPs allow investors to gain exposure to cryptocurrencies like Bitcoin and Ethereum via traditional financial channels. The launch of the Valour Hedera ETP on the Frankfurt Stock Exchange represents a strategic expansion of their portfolio, aiming to meet the growing demand for regulated and secure investment options in the cryptocurrency sector. This initiative reflects Valour’s innovative approach to bridging the gap between traditional finance and emerging digital asset technologies.
BankSocial Launches Real-Time Payments Solution for Credit Unions
BankSocial® is at the forefront of revolutionizing financial services through its innovative approach to open banking and decentralized finance (DeFi). As a leading fintech company, BankSocial® focuses on democratizing access to advanced financial tools traditionally available only to larger institutions. Their recent launch of a real-time payments solution tailored for credit unions marks a significant advancement in enhancing operational efficiency and member services within these smaller financial entities. By integrating cutting-edge technologies like Google Cloud, IBM MQ, and Hedera, BankSocial enables credit unions to offer seamless, secure, and scalable payment processing capabilities.
BankSocial’s platform not only addresses the immediate operational challenges faced by credit unions but also supports their long-term growth and competitiveness in the financial market. By leveraging cloud-native infrastructure, the solution reduces IT costs and enhances security, allowing credit unions to allocate resources more efficiently towards member services and community engagement initiatives. This strategic integration of technology not only modernizes payment systems but also highlights BankSocial’s commitment to fostering financial inclusivity and equity through accessible, robust financial solutions tailored to the unique needs of credit unions.
Genfinity Interviews Dr. Leemon Baird, Mance Harmon, and Eric Piscini of Swirlds Labs
In our recent interview with Swirlds Labs, an entity closely affiliated with Hedera, key figures discussed their vision for revolutionizing online interactions through the Hedera ecosystem. Swirlds Labs, guided by the founders of Hedera, aims to foster collaborative digital environments termed “Shared Worlds,” facilitating secure transactions and digital identity management.
The executive panel discussed the tokenization of real-world assets (RWA) on the Hedera network and its potential for transformative applications. Furthermore, the interview also highlighted Hedera’s journey from low brand recognition to widespread industry acknowledgment, emphasizing educational efforts over initial awareness. Additionally, they underscored Hedera’s unique technical features, like fixed fees and its robust developer community, positioning it as a leading platform for enterprise blockchain solutions.
Reflecting on the future of the Hedera network, Leemon Baird encapsulates their vision succinctly: “Hedera is going to become part of every part of the planet, every part of business, education, social, governance, and entertainment… and half the time it’s going to be invisible.” This vision underscores their belief in Hedera’s potential to seamlessly integrate into everyday life, akin to electricity, supporting diverse applications from financial transactions to data management securely and transparently. As Hedera continues to expand its capabilities and user base, the executives of Swirlds Labs believe that 2024 promises to be a pivotal year in solidifying Hedera’s position as a fundamental pillar of the digital age.
Genfinity Provides Exclusive Interviews with Your Favorite Projects on the Hedera Network
CEO & Founder Irfon Watkins of DOVU outlined their mission to establish a trusted platform for carbon and ecological credits. He emphasized DOVU’s commitment to leveraging advanced technology and artificial intelligence within the Hedera ecosystem to reduce barriers such as high verification costs. This strategy aims to empower global carbon and environmental projects, facilitating broader participation in the carbon economy despite inherent challenges.
Stefan Riedel, CEO of Fliggs Mobile, discussed their ambitious goal during the Consensus interview to democratize Web3 accessibility through seamless integration with telecommunications services. Collaborating with Hedera, Fliggs Mobile has developed a platform that enhances wireless services with the transformative potential of Web3, ensuring data security and scalability. This initiative not only enriches user experience but also underscores their commitment to pioneering innovation in the telecom sector.
Joe Hamacher from Earthlings shared exciting updates on their project, positioned at the intersection of Web 2.0 and Web 3.0 — often dubbed as “Web 2.5”. Earthlings is set to launch a mobile game and beta testing program featuring a vast virtual landscape mapped onto Europe’s actual geography. With a playful and inclusive design ethos, Earthlings aims to offer diverse experiences from agriculture to community-building, leveraging NFTs and immersive gameplay. Their partnership with Hedera underscores their dedication to revolutionizing digital entertainment and fostering a vibrant, interactive metaverse.
Introducing Neuron: Leading the Future of DePIN
In a compelling podcast interview hosted by Genfinity, Neuron’s CEO and Co-Founder, James Dunthorne, joined Brandon Hargreaves from The HBAR Bull and Brandon Davenport from Hgraph to explore the transformative potential of decentralized infrastructure networks (DePIN) on the Hedera network. James Dunthorne shared Neuron’s unique journey, which began with the challenge of integrating drones safely into airspace — an endeavor requiring seamless data integration from various sources like RTK base stations and real-time weather data. This early exploration laid the groundwork for Neuron’s innovative approach to decentralized physical infrastructure networks, conceived even before the term DePIN gained widespread recognition.
Neuron stands out within the DePIN narrative by aiming for true decentralization. Unlike many projects that tokenize decentralization without fully eliminating single points of failure, Neuron empowers software providers with direct access to sensors, ensuring robustness against server shutdowns or API price hikes. Operating on the Hedera network, Neuron leverages distributed ledger technology to facilitate peer-to-peer transactions among machines, humans, and devices. Their Everything Map serves as a gateway to discover, connect, pay for, and secure services within a decentralized network, spanning applications from IoT devices and streaming networks to ride-hailing and local service discovery.
Neuron’s partnerships underline their commitment to advancing DePIN technologies. Collaborations with entities like JetVision and participation in NASA’s InterUSS framework highlight their integration into aviation and broader infrastructural networks. Neuron’s forthcoming mainnet launch promises further innovations, offering fee discounts, yield generation, and governance rights through their native token. As Neuron continues to expand its footprint in decentralized services, it emerges as a pivotal player in reshaping the future of infrastructure networks.
Tune.FM
Tune.FM, powered by Hedera, was featured in Rolling Stone Magazine. Tune.FM is a pioneering Web3 platform revolutionizing the music industry with its decentralized approach to music streaming and music collectibles. For artists and creators, Tune.FM offers unprecedented opportunities to monetize their music directly from fans, empowering them to control their artistic destiny like never before.
Other Developments
Discover Hedera Hivemind on ChatGPT today! This advanced ChatGPT assistant for Hedera developers offers invaluable support, from mastering Hedera’s core concepts to navigating its intricate codebase.
You can also now enroll in a course from Udacity to learn the ins and outs of being a Hedera Hashgraph developer!
As Hedera continues to expand its ecosystem and enhance its capabilities, it remains committed to driving forward the adoption of distributed ledger technology across diverse sectors, from finance to entertainment and beyond.
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