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Platon Aims To Become The Public Infrastructute Of Privacy Computing To Open Up Business Prospects For The Crypto Space

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4 years ago

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In the Information Age, Data Becomes a New Factor of Productivity

In economics, factors of production, also known as production inputs, are essential resources for the production of goods and services. In his epochal work “Principles of Economics”, famous British economist Marshall put forward the theory of four factors of production — land, labor, capital and entrepreneurial talent. National income (NI) is the reward of four factors, and that is, national income (NI) = labor wage (w) + land rent (r) + capital interest (i) + operating profit (π). This “four-in-one formula” sums up the core of western economic production theory and distribution theory, which has been widely accepted for more than a century.

However, factors of production are a historical category that evolves with the development of economy and society. The birth and development of the Internet has changed the mode of production, life and consumption, and it promoted many important and profound changes, and played an increasingly important role in economic development, social life and national governance. The full exploitation and effective utilization of all kinds of data has raised production efficiency to an unprecedented level. Data has become an indispensable factor in economic activities and a new generation of production factors after land, energy, population and food.

Table – Production Factors at Different Stages

Privacy Brings Data Dilemma and MPC Realizes Data Collaborative Computing

Nowadays, people have already extended their social activities to the network space. Every day, people contribute data continuously to the network space. A large amount of data is collected, calculated, analyzed, excavated and this goes beyond the original data level of information value.

However, because of the plain text nature of the data, the owner loses ownership of the data once the data is granted to others for use. Therefore, to ensure the privacy protection of data, a huge amount of data managed by enterprises cannot be exchanged and co-calculated with the data held by other enterprises, which is why a large number of data cannot generate value.

The emergence of privacy computing ends this dilemma. Yao Qizhi, a member of the Chinese National Academy of Sciences, proposed secure multi-party computing (MPC) in 1982. In a nutshell, participants have to enter information to calculate an agreed function. In addition to the accuracy of the calculations, they must also protect the privacy of each participant’s input data. Specifically, there are now n participants, each of whom, xi, is aware of the xi they entered, who together calculate a pre-agreed function f (x1 ,…, xn) = y. In this way, all participants will get the final y value, but they will not be able to know the specific data entered by the other participants. Thus, with local data not aggregated and privacy not divulged, each party can still achieve a common desired result by performing the operations of the given logic.

Privacy computing opens up huge business prospects for the digital world (Crypto Space)

Bitcoin’s pioneering combination of virtual currencies and peer-to-peer payment systems open the door to decentralization. With the introduction of intelligent contract function, Ethernet has greatly improved the scalability of blockchain, and all kinds of applications can be deployed on blockchain. Because of these characteristics, early public blockchain networks such as Bitcoin and Ethernet have been developed, attracting a large number of blockchain and encryption enthusiasts in the world, and many traditional institutions have been entering the area of blockchain, exploring various possibilities of decentralization.

The combination of privacy computing and blockchain is expected to put data ownership back in the hands of data producers, meaning that vast amounts of data can be counted without affecting privacy and ownership, so that the owners can profit and data can burst out with greater value. Therefore, the blockchain project based on privacy calculation is naturally suitable for the commercial practice in the fields of financial, medical, scientific research, government affairs, and logistics and so on.

“Operator” PlatON network for blockchain data

PlatON, the representative project of the combination of privacy computing and blockchain currently, is based on the basic attribute of blockchain and is supported by privacy computing network, and provides the next generation Internet infrastructure protocol with the core characteristics of “computing interoperation”. PlatON’s vision is to become the public infrastructure for privacy computing of the next generation, publishing privacy computing algorithms through contracts, and implementing MPC protocols with data providers and computing nodes for privacy protection requirements, so as to realize cooperative computing of data. PlatON, designed to price data flows, is all about computing and data, which is the most fundamental part of future human production. PlatON can achieve large-scale application landing and commercial scenario implementation:

For example:

I. Build a wider credit collection network. The public chain that provides private computing can provide user with customizable computing logic template and multi-party access mode, and in the case that the access party’s data does not need to be collected and shared, only the credit inquiry results are output to the demander, and the original data can be encrypted and stored in the blockchain system to meet all kinds of audit needs.

II. Supply chain financial infrastructure. The public chain of private computing is based on blockchain technology and cryptography algorithm, which can provide a platform solution for supply chain finance to digitally identify, process and transfer assets. Construct a new financial financing model of supply chain in which the information of the upstream and downstream enterprises can be shared symmetrically, the credit value of the core enterprises can be transmitted, the business tickets can be split and the risk can be controlled, and provide convenient data traceability for the supervision and enhance the service efficiency of the industry as a whole.

To build the public infrastructure for the digital age, PlatON continuously optimizes technology, iterates the underlying infrastructure, and breaks through the “impossible triangle” in terms of performance. “Impossible triangle” means that it is difficult to achieve both a good “decentralization” and a good “security” of the system in a blockchain and a high “transaction processing performance” at the same time. The most well-known blockchain projects in the industry are Bitcoin, Ethernet, and EOS. At present, using native Token transfer performance test method and EOS under the same testing conditions, PlatON has achieved a comprehensive performance leader in the quasi-real environment, and will continue to focus on the data field and accelerate the construction of data market.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

15 hours ago

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November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

15 hours ago

on

November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

15 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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