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Increasing risk of privacy leakage in the post-pandemic era,PlatON: Privacy Computing is the solution

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3 years ago

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After the outbreak of COVID-19, the risk of privacy leakage is increasing      

At the beginning of 2020, the sudden outbreak of the COVID-19 pandemic brought a huge impact on everyone’s work and life. On the one hand, the working-from-home scenario has pushed the development of digital office. Many companies have had to transfer the materials and assets from offline to online within a short time. On the other hand, to meet the demands of the public health and pandemic control, personal health data is collected and processed digitally to be used in areas like pandemic prevention and control, health services, and tracing inquiries. For instance, travel health codes have been used in countries like China and Spain for COVID-tracing, and many countries around the world have provided the online services of test appointment and test results inquiries. The outbreak of the COVID-19 pandemic has inspired people to rethink the construction and development of infrastructures. The large scale of data transmission and exchange during the pandemic period requires the support from new technologies. In the global context, in order to adapt to the ever-increasing demand for data exchange and promote the digitalization process, many countries have prioritized and invested on cutting-edge technologies like 5G, Big Data, Artificial Intelligence, Cloud Computing, etc.

Considering the abnormal conditions of the pandemic, it can be understood and accepted to a certain extent if the data is used by relevant agencies and organizations. In spite of this, after the pandemic, when the life is back to normal, can the data privacy be properly protected in the daily data collection, storage and computing? Can the basic rights of users be properly protected? With the development of the new technologies, when a large amount of data is collected, transmitted, analyzed and processed from the end devices through Internet of Things (IoT) and 5G technologies, the risk of data breaching will increase accordingly. In this case, how to get effective protection on the data privacy?

Privacy computing paves the road

Fingerprint recognition, face recognition, voice recognition and other technologies collect user information to provide users with convenient and efficient services, while also putting these basic personal data information at risk of being leaked and abused. With the successive promulgation and implementation of the European Union’s GDPR and the California’s CCPA Act, it is necessary for relevant parties to reflect their attitudes and operations towards data resources. In this context, Privacy Computing technology has gradually caught researchers’ attention.

Privacy Computing refers to a type of information security technology based on modern cryptography, which is represented by technologies like Secure Multi-party Computing (MPC), Homomorphic Encryption, Zero-knowledge Proof, Differential Privacy, and Trusted Execution Environment (TEE), etc. Privacy Computing can realize the data computing and analysis while ensuring the security and privacy of the source data.

So far, three major technologies are available to achieve Privacy Computing: Cryptography, Trusted Execution Environment, and Federated Learning. Among them, the privacy protection scheme based on cryptography is a type of computing method that protects private information throughout the entire life cycle, and supports operations such as analysis and computing without the data itself leaking to a third party. Its core concept is to form a set of symbolic, formulaic and quantitative evaluation criteria for Privacy Computing theory when processing information flow. [1] Compared with the problems brought by the traditional end-to-end encryption methods on the key management and performance impact, Privacy Computing can fundamentally protect data from the entire life cycle. In large-scale public infrastructure, the introduction and deployment of Privacy Computing support systematic data privacy protection.

At present, in addition to the in-depth research on Privacy Computing in the academia, the realistic application scenarios and large-scale commercial solutions of Privacy Computing are also being actively explored by the industry. Take PlatON Network as an example. PlatON has been developing and researching the field of Privacy Computing since 2016. The AI network of Privacy Computing provided by PlatON is a solution for privacy contract implementation based on cryptographic algorithms such as Secure Multi-party Computing (MPC). In general, the Privacy Computing algorithm is released through the contract. The data provider and the computing nodes that require privacy protection need to cooperate to execute the MPC protocol, so that to realize the collaborative data computing. In this case, data privacy is protected at the same time when data is shared, allowing users to obtain the economic benefits of data reuse while maintaining data ownership.

After the era of the pandemic, Artificial Intelligence (AI) also has caught in privacy issues during the process of data reuse. The development of AI technology turns data as a special asset, and its scale can affect both the model accuracy and the reliability of the services, which in turn affects business costs and risks. From the perspective of improving the accuracy of the AI model, the more data collected, the better the model performs, but the collection of large amounts of data also brings higher risks of privacy exposure. If AI is planned be applied in large-scale commercial scenarios, privacy is a crucial issue that cannot be bypassed.

Privacy Computing technology is born to be suitable for solving the privacy flaws of AI technology. A large amount of data is computed in an encrypted way, which not only solves the privacy problem in the traditional AI model, but also ensures the efficient data management and utilization. Considering the user’s personal health IoT data involved in this pandemic as an example, PlatON’s “DataBank” product can effectively protect the core data and provide lifecycle data-management services. Working as a data asset value-trading platform, PlatON’s “DataBank” product can guarantee the privacy and security of personal health data during the verification and transmission process based on Privacy Computing technology. With the AI technology introduced in PlatON’s “DataBank” product, multi-source and multi-mode local joint verification can be efficiently achieved. The results got from Privacy Computing can provide accurate delivery services among organizations and agencies, which not only addresses the issue of mutual recognition between different regions, but also supports the sharing of data marketing channels among various agents. In this case, it can jointly improve the accuracy of health data verification, and help industries realize and establish public health economic data services under the rapid development of 5G, Cloud Computing and other technologies for digitization. As the pioneer in privacy protection area, PLATON has researched Privacy Computing technologies for many years. The Privacy Computing network infrastructure developed by PLATON can guarantee the secure and free data flow across every corner of the world.  All types of Applications, relying on the data exchange and data computing as the core capability, can enjoy the convenience brought by global data collaboration and computing power sharing on PlatON.

References

[1] Li, F., H. Li, Ben Niu and J. Chen. “Privacy Computing: Concept, Computing Framework and Future Development Trends.” IACR Cryptol. ePrint Arch. 2018 (2018): 1145.

[2] Sun Lilin: How to protect personal privacy to the utmost extent in pandemic prevention and tracing control (in Chinese), https://mp.weixin.qq.com/s/gwiZyfdTC6tEk83VfpnBtQ

[3] Scientists have something to say series: From 5G rich news and health code, talk about whether new infrastructure and data privacy may not be available at the same time (in Chinese), https://mp.weixin.qq.com/s/0UVaXxOCTwVbQ8dyDxpbAQ

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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

Unleash Your Creative Potential with CreateAI: The Future of AI-Enhanced Content Creation

Published

35 mins ago

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October 18, 2024

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The digital landscape is evolving at an unprecedented pace, and at the forefront of this transformation is CreateAI—an innovative platform that empowers creators with AI-enhanced tools to unlock their true potential. Whether you’re an aspiring influencer, a meme enthusiast, a business visionary, or a budding game developer, CreateAI offers the resources you need to craft captivating content that inspires and engages. With AI simplifying complex creative processes, the platform enables creators of all levels to effortlessly transform their ideas into reality.

A Platform for Every Creator

At its core, CreateAI is designed to democratize content creation by offering powerful, AI-driven tools that simplify the production of visuals, videos, music, and more. No matter your background or technical expertise, CreateAI equips you with the tools to innovate and produce high-quality content with ease.

The platform’s journey begins with Phase 1: Become an Influencer, where creators can master the art of content creation to engage their audience. With AI-enhanced tools, influencers can elevate their online presence, craft visually appealing posts, and produce captivating content that resonates with their followers. AI’s intuitive capabilities streamline the creative process, allowing you to focus on building authentic connections with your audience.

In Phase 2: Become a Meme Developer, CreateAI introduces an entirely new way to participate in internet culture. Memes have become a dominant form of communication in the digital age, and CreateAI makes meme creation fun and easy. By transforming text into shareable and humorous images, CreateAI’s tools empower users to create viral content effortlessly. Whether you’re aiming to grow your social media presence or simply express creativity, CreateAI brings your ideas to life.

Phase 3: Become a Businessman is for entrepreneurs and business leaders looking to harness the power of AI to elevate their strategies and content. CreateAI enables businesses to develop impactful campaigns, streamline branding efforts, and craft innovative ideas that drive growth. With AI-enhanced tools at your fingertips, you can focus on expanding your business while AI handles the heavy lifting of content creation.

In Phase 4: Become a Game Developer, CreateAI goes beyond content creation to offer an immersive game development experience. The platform’s AI tools allow users to create engaging games with stunning visuals and dynamic elements, all from text-based commands. Whether you’re a seasoned developer or someone new to game design, CreateAI simplifies the complex world of game development, making your vision a reality.

Powerful AI Tools for Every Creative Need

At the heart of CreateAI is a suite of AI-enhanced tools that empower creators to innovate across various mediums:

– /Create Avatar: Transform simple text into lifelike avatars, customized and animated to your specifications. Bring characters to life effortlessly with AI.

  

– /Create Music: Compose unique music tracks from text, enabling you to create original compositions without needing extensive musical knowledge.

– /Create Image: Generate stunning visuals from text, allowing you to bring your artistic ideas to life with ease.

– /Create Video: Produce engaging, high-quality videos from text-based inputs. Animate and edit seamlessly using AI assistance.

– /Create Meme: Design viral memes effortlessly with AI-driven tools, transforming text into shareable humor that captivates instantly.

– /Create Token Launch: Launch your own cryptocurrency tokens with AI precision, simplifying the process of entering the blockchain world.

– /Create Web: Build visually appealing, functional websites with the help of AI, streamlining the design and development process.

– /Create Game: Develop immersive games by leveraging AI to enhance game design, making the complex process of game development easy and intuitive.

A Strong Ecosystem Backed by Robust Tokenomics

CreateAI’s ecosystem is powered by its native token, $CREATE, which fuels the platform’s operations and growth. With a total supply of 100 million tokens on the Ethereum blockchain, the tokenomics of CreateAI ensures a balanced approach to liquidity, marketing, community incentives, and more. The ecosystem is designed to reward creators and foster a collaborative environment where both the platform and its users thrive. 

Join the Future of Creativity

CreateAI is not just a tool—it’s a movement. By joining the CreateAI community, you become part of a vibrant network of creators, developers, and innovators. Whether you’re looking to elevate your content creation, develop new business strategies, or build immersive games, CreateAI provides the tools you need to succeed in today’s rapidly evolving digital landscape.

Start your journey today with CreateAI and transform your creative ideas into reality with AI-enhanced precision. Visit [CreateAI](https://www.createai.io) to learn more and join a new era of creativity.

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Press Release

Launch Your Blockchain Project with Ease: Introducing CoinCreate

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35 mins ago

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October 18, 2024

By

In today’s fast-paced digital economy, blockchain technology continues to revolutionize industries and open new opportunities for businesses and developers alike. However, the complexity of blockchain development has often acted as a barrier to entry, requiring specialized knowledge and technical expertise. CoinCreate, a cutting-edge platform, aims to change that by offering an all-in-one no-code solution that simplifies the process of launching blockchain projects. Whether you’re deploying tokens, creating staking contracts, launching NFT collections, or implementing governance systems, CoinCreate provides a seamless experience that empowers users to launch their blockchain projects with ease and speed.

One Platform, Multiple Solutions

CoinCreate offers a complete suite of tools designed to meet the needs of various blockchain projects, all accessible from a single platform. Gone are the days of relying on fragmented services for different aspects of your project—CoinCreate consolidates everything in one place. From deploying tokens to setting up governance structures, staking contracts, vesting contracts, and beyond, CoinCreate gives you the power to manage your entire project on a user-friendly platform.

Reach a Global Audience

The blockchain ecosystem is vast, with over 317 million blockchain users worldwide. CoinCreate enables you to tap into this massive audience by offering cross-chain compatibility with leading blockchains such as Ethereum, Arbitrum, Optimism, Binance Smart Chain (BNB), Avalanche, Polygon, and others. This means you can optimize for performance and cost on your preferred networks, while also reaching a broader and more diverse user base.

Cost-Effective Development Without the Complexity

One of the standout features of CoinCreate is its ability to eliminate the need for hiring specialized blockchain developers. Traditional blockchain development can be both costly and time-consuming, requiring expertise in smart contracts, tokenomics, and security protocols. CoinCreate removes this burden by providing an easy-to-use platform that allows software developers, teams, and businesses to deploy blockchain solutions without the steep costs associated with hiring niche talent. This allows you to focus on innovation, strategy, and community building while cutting down on development costs.

Intuitive Interface Designed for Everyone

CoinCreate has been thoughtfully designed to cater to users of all skill levels. Whether you’re an experienced blockchain developer or someone with minimal experience, CoinCreate’s simple interface ensures that you can deploy contracts effortlessly. The platform features an intuitive dashboard that provides a comprehensive view of your project, allowing you to manage your ecosystem efficiently. Detailed guides and tutorials also help users navigate the platform and deploy projects confidently.

Token Deployment in Minutes

Token deployment is one of the core features of CoinCreate, allowing users to create standard tokens, reflection tokens, and ERC404 tokens with just a few clicks. Customizing tokenomics has never been easier, and you can launch your token in minutes. This is especially valuable for businesses and projects that need to quickly launch tokens to engage their community, incentivize participation, or drive project development.

Engage Your Community with Staking and Governance

Staking contracts are another feature that makes CoinCreate stand out. With CoinCreate, you can set up staking contracts to incentivize token holding, ensuring long-term engagement from your community. Additionally, CoinCreate’s governance contract feature (coming soon) will enable you to build decentralized governance structures, empowering your community to participate in decision-making through transparent on-chain voting.

Future-Proof Features and Security

CoinCreate isn’t just about launching projects quickly—it’s about doing so securely and reliably. All contracts created through the platform are securely stored on the blockchain of your choosing. CoinCreate serves purely as an interface to the blockchain and does not hold or access any contracts. This ensures that your data remains in your control.

Furthermore, CoinCreate has integrated OpenZeppelin’s secure, audited smart contracts to provide an additional layer of protection. OpenZeppelin is a trusted name in blockchain security, offering modular contracts that are designed to protect decentralized applications (dApps) from vulnerabilities. This ensures that your contracts are built with best-in-class security from day one.

Who Can Benefit from CoinCreate?

CoinCreate caters to a wide range of users—from software developers and blockchain enthusiasts to Web3 projects, Web2 businesses looking to transition into blockchain, and even NFT artists and content creators. Whether you’re building complex decentralized applications, tokenizing assets, or simply experimenting with blockchain, CoinCreate provides the tools you need to succeed.

Ready to Build on the Blockchain?

CoinCreate is revolutionizing blockchain development by making it accessible, cost-effective, and simple for everyone. Whether you’re launching your first token, setting up staking contracts, or creating an entire decentralized ecosystem, CoinCreate is your all-in-one solution. Join the growing number of innovators already using CoinCreate to deploy their projects and unlock the potential of blockchain technology.

Important Links:

Website: https://coincreate.io/

X: https://x.com/CoincreateTeam

Telegram:  https://t.me/CoinCreateio

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Press Release

Pinnacle Capital Launches $100 Million Web3 Fund to Accelerate Blockchain and AI Innovation

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50 mins ago

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October 18, 2024

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Dubai, UAE – Pinnacle Capital, a leading family office and investment firm, has announced the establishment of a $100 million Web3 fund, reaffirming its commitment to driving the growth of blockchain and digital asset technologies. The new fund will target innovative projects at the intersection of blockchain and artificial intelligence (AI), positioning Pinnacle Capital at the forefront of the next wave of Web3 development.

 

 

Recent data indicates a resurgence of venture capital interest in the crypto sector, with funding increasing from $550 million in July to $633 million in August. Despite ongoing market challenges, Pinnacle Capital remains confident in the transformative potential of Web3 technologies. As a pioneering VC firm, Pinnacle believes the convergence of AI and blockchain presents a pivotal opportunity to shape the future of digital finance and decentralized economies.

 

Strategic Investments and Industry Partnerships

 

Pinnacle Capital has built a reputation for its diversified investments across energy, real estate, and healthcare. With the launch of the new Web3 fund, the firm is extending its expertise into the digital asset space, securing partnerships with a range of forward-thinking blockchain projects. Key collaborators include Celestia, OORT, Elixir Protocol, Fuel, Layer Zero, TrendX, Counter Fire, Wormhole, and DeAgent.ai, among others. These alliances will help Pinnacle Capital explore and capitalize on cutting-edge innovations across multiple layers of the blockchain ecosystem.

 

“We see the fusion of AI and blockchain as an inflection point that will significantly accelerate the adoption and evolution of digital assets,” said a Pinnacle Capital spokesperson. “Our strategy focuses on identifying protocols with real product-market fit, sustainable business models, and the potential to drive a new era of economic innovation.”

 

A Partnership with the UAE Highness Foundation

 

Leveraging its expertise in traditional investment and hedge fund management, Pinnacle Capital has partnered with the UAE Highness Foundation to establish itself as a strategic gateway for the Abu Dhabi consortium’s exploration of Web3 technology and wealth management. This collaboration underscores Pinnacle Capital’s mission to bridge the gap between traditional finance and the rapidly evolving digital economy.

 

About Pinnacle Capital

 

Pinnacle Capital is a global private investment firm with a diverse portfolio that spans venture capital, hedge funds, quantitative fund-of-funds, and innovation funds. The firm is committed to fostering the growth of emerging technologies, with a particular focus on AI, decentralized infrastructure (DePIN), SocialFi, DeFi, GameFi, and NFTs. Pinnacle Capital partners with best-in-class external investment managers to identify and invest in high-impact opportunities that drive technological progress and economic growth.

 

For more information, visit https://pin.capital or contact us at bp@pin.capital.

 

Media Contact:

bp@pin.capital

Pinnacle Capital

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