Press Release
ORC, The Dark Horse in OPEN Eco-Layout
Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.
When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.
As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.
DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.
OPEN – Bring a wider range of assets to DeFi
OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.
Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.
Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.
OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.
Open Swap – Decentralized Exchange
Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.
Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself. Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.
Open Lend – Hybrid Lending Market
Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.
This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.
Open Stable – Asset Protocol Aggregation Platform
Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.
OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.
And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.
Open Link Oracle
OpenLink is the first distributed oracle on OC.
It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.
Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OC’s interoperability with other blockchains to expand the Open financial ecosystem?
ORC – An ultimate solution to blockchain interoperability.
Open Reactor
Open Reactor – Cross-chain protocol
Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.
The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.
ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.
The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!
The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.
ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.
ORC Value Analysis
- Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.
OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.
- Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.
Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.
- Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.
ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.
- Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.
The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.
ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.
- Push ahead with the rapid establishment of global financial integration or regional economic integration.
Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.
Conclusion
If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.” Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”
About us
https://www.openfin.network/#/
About Author
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.
United States, 26th Apr 2025, – Cloom Tech, a reputable company specializing in custom wire harnesses and cable assemblies, has expanded its service offering to include prototype cable assembly manufacturing. The new service is designed to assist industries such as automotive, robotics, medical devices, and aerospace by providing high-quality prototype cable assemblies that can be tested and refined before large-scale production. This move highlights the company’s commitment to supporting its clients throughout the entire product development cycle, ensuring that projects meet the necessary functional, technical, and performance requirements.
Ivy Zhao, Spokesperson for Cloom Tech, remarked, “The introduction of prototype cable assembly manufacturing is a natural progression for Cloom Tech. By offering this service, the company enables clients to test their designs and make necessary adjustments before proceeding with full-scale production. This service addresses the need for precision and reliability in industries that require high-performance cable assemblies, such as automotive, medical, and aerospace.”
Prototype cable assembly services play a crucial role in the development of new technologies and products. They allow businesses to identify any design flaws and refine their systems before committing to large-scale production. Prototypes provide an opportunity to evaluate the functionality and reliability of cable assemblies in real-world applications, ensuring that the final product meets the required specifications. For industries with complex and highly technical needs, this service provides critical support in verifying design concepts and mitigating potential risks early in the process.
Cloom Tech’s approach to prototype cable assembly manufacturing includes offering design support, where expert teams work closely with clients to ensure that their prototypes are optimized for both performance and durability. The company’s engineers assist in every step of the design process, ensuring that each assembly is capable of meeting the client’s specific requirements. This process allows businesses to make informed decisions about their designs, ultimately improving the final product and reducing the likelihood of costly errors during mass production.
“At the core of prototype manufacturing is the need for close collaboration between the client and the manufacturer,” Zhao continued. “By offering this service, Cloom Tech helps clients refine their designs, ensuring that the final cable assemblies are reliable and ready for production. The ability to test, adjust, and perfect designs is essential to achieving the desired outcomes for complex projects.”
The growing reliance on electronics in various industries has created a need for increasingly sophisticated cable assemblies. As electronic systems become more advanced, so too must the wiring solutions that support them. Prototype cable assemblies allow industries to test these evolving technologies in a controlled environment, ensuring that the final products are both efficient and durable. Cloom Tech’s expanded service offering reflects the growing demand for high-quality cable assemblies capable of performing under demanding conditions.
With expertise across multiple industries, Cloom Tech continues to provide tailored solutions for its clients, addressing the unique needs of each sector. Whether in automotive, robotics, or medical devices, the company’s custom cable assemblies are designed to meet the stringent performance and reliability requirements that these industries demand.
Looking forward, Cloom Tech plans to continue expanding its services to better support the evolving needs of its customers. As the demand for more complex and advanced systems grows, the company aims to further enhance its capabilities, ensuring that it can provide cutting-edge solutions to industries with increasingly sophisticated technical requirements.
Zhao concluded, “The future of cable assembly manufacturing will involve continuous adaptation to meet the needs of various industries. Cloom Tech is committed to expanding its services and providing clients with the tools and support they need to innovate. The introduction of prototype cable assembly manufacturing is just one of many steps toward ensuring that the company remains at the forefront of the industry, providing reliable and high-performance solutions for complex projects.”
For more information, Cloom Tech, a provider of Prototype Cable Assemblies, can be reached at +1 863 434 8447 or via email at sales@cloomtech.com. The company is located at 9251 NW 112th Ave, Medley, FL 33178, USA.
Media Contact
Organization: Cloom Tech
Contact
Person: Ivy Zhao
Website:
https://cloomtech.com/
Email:
sales@cloomtech.com
Contact Number: 18634348447
Address:9251 NW 112th Ave
Address 2: Medley, FL 33178
Country:United States
The post Cloom Tech Provides Prototype Cable Assembly Manufacturing Services appeared first on
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About Author
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.
United States, 26th Apr 2025, – In today’s hyper-connected globe, connectivity is more critical than ever. Whether a global traveler, digital nomad, or enterprise requiring continuous IoT solutions, Eiotclub offers the intelligent connectivity required to succeed. Eiotclub serves as a single-source partner in exploring the world of eSIM and SIM card technology, providing a complete solution spectrum that makes connectivity an effortless experience.
Your Gateway to Seamless Connectivity
For Eiotclub, connectivity transcends mere signal strength; it encompasses the right signal quality, tailored plans, and exceptional support. This philosophy has driven the company to develop an extensive portfolio of specialized eSIMs and prepaid SIM cards designed to address diverse connectivity requirements across multiple scenarios. Whether customers need reliable connections for home routers with dedicated router SIM cards, continuous monitoring through security cameras, or seamless data access while traveling across more than 200 countries worldwide, Eiotclub delivers purpose-built solutions for every application. Their versatile product range ensures that regardless of the device or global location, customers can find the ideal connectivity solution tailored to their specific needs, including specialized options for router SIM card implementation in various IoT deployments.
Why Eiotclub?
Guaranteed Quality Eiotclub uses the best network providers to ensure their eSIMs and SIM cards offer fast and stable connections. They test their products extensively to ensure they meet the highest level of quality in performance and security.
Expertise & Guidance
At Eiotclub, their connectivity specialist team is dedicated to making expertise available and guiding customers through the decision-making process. The team is intimately familiar with the ins and outs of eSIM and SIM card technology and stands by the customer’s side.
100% Prepaid Solutions
All Eiotclub’s eSIMs and SIM cards operate on a prepaid basis, giving customers complete control over their expenses. This prepaid model eliminates the risk of bill shock or unexpected charges that often occur with postpaid plans. Customers can confidently use their connectivity solutions worldwide without worrying about receiving excessive bills.
Convenient Shopping
The Eiotclub site offers a secure and easy-to-use shopping experience. Customers can compare plans, shop products, and activate their eSIM or SIM card with just a few clicks.
Quick Shipping
Eiotclub offers fast and reliable shipping options so customers can get their SIM cards efficiently and quickly.
Dedicated Customer Care
The customer care team is available to assist with any problem or question customers may have. Eiotclub is committed to providing better support at every step of the connectivity process.
Value-Added Services
Eiotclub offers a range of value-added services, such as data monitoring, usage alerts, and customized billing solutions, to allow customers to manage their connectivity in the best possible way. All their plans are prepaid, eliminating the risk of unexpected charges and providing customers with complete control over spending.
The Eiotclub Difference: It’s Not Just Connectivity
Eiotclub doesn’t just sell eSIM and SIM cards. They are a connectivity success partner. The company is dedicated to the belief that everyone everywhere should be able to afford, depend on, and trust connectivity.
Learning about eSIM Technology
eSIMs (embedded SIMs) are revolutionizing the way people access mobile networks. In contrast to conventional SIM cards, eSIMs are built directly into devices, without needing physical SIM cards. This has numerous benefits, including:
●Convenience: Switch between different mobile networks in the blink of an eye without the need to physically switch SIM cards.
●Flexibility: Have multiple profiles on one device, ideal for travelers or for customers who have business and personal lines.
●Space Saving: eSIMs take up less space than traditional SIM cards, making devices thinner.
Discover The Product Range
●Travel eSIMs: Stay connected when abroad with affordable and easy-to-use travel eSIMs. Choose from various data plans to suit individual needs.
●IoT SIM Cards: Fuel intelligent devices with secure and trustworthy IoT SIM cards. Eiotclub has different data plans and connectivity for different IoT applications.
●Physical eSIM Card: For devices that do not support eSIM functionality, Eiotclub also provides physical eSIM cards, which provide exactly the same functionality as a standard eSIM.This innovative product provides the exact same benefits and functionality as a standard eSIM but comes in a physical card format. This means you can insert it into the regular SIM card slot of any mobile phone, even those without built-in eSIM capability, and still enjoy the advantages of a digital SIM.
Change The Way You Stay Connected Today!
Join the Eiotclub family and bring the future of connectivity into existence. Explore their library of eSIMs and SIM cards, and discover the perfect solution. From seamless travel connectivity to robust IoT solutions, Eiotclub offers it all.
Media Contact
Organization: Eiotclub
Contact
Person: Media Relations
Website:
https://www.eiotclub.com/
Email:
hannah.zhang@dxytech.com
Country:United States
The post Eiotclub: Smart IoT Solutions for a Connected World appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
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.
United States, 26th Apr 2025, – Cloom Tech, a trusted provider of custom wire harnesses and cable assemblies, has announced the expansion of its capabilities to include Original Equipment Manufacturer (OEM) wire harness manufacturing solutions. This initiative is aimed at providing precise, durable, and reliable wiring solutions tailored to the specific needs of industries such as automotive, robotics, medical devices, and aerospace. By broadening its service offerings, Cloom Tech enhances its ability to support companies with high-quality wiring solutions, from prototype development to large-scale production.
Ivy Zhao, Spokesperson for Cloom Tech, commented on the company’s expanded services: “The introduction of OEM wire harness manufacturing solutions reflects Cloom Tech’s dedication to addressing the needs of industries that require high-performance, dependable wiring. This expansion allows Cloom Tech to provide tailored solutions for projects with unique technical requirements. The move further establishes the company’s position as a trusted partner for businesses that require high-quality wire harnesses and cable assemblies.”
OEM wire harnesses play a critical role in various industries, connecting electrical components to ensure proper functionality. These wire harnesses are designed to meet specific project needs, helping businesses build reliable, efficient, and high-performing products. Cloom Tech’s OEM wire harness solutions are focused on delivering high-quality, precision-engineered components that meet both performance and functional requirements for industries that rely on intricate electronic systems.
The company’s process includes comprehensive design support, working alongside clients from initial concept through production. This ensures that each wire harness is tailored to meet the specific needs of the project. Cloom Tech’s focus on precision in manufacturing ensures that its wire harnesses perform under the most demanding conditions, providing the necessary durability and reliability for complex systems.
Cloom Tech has significant experience in key industries such as automotive, robotics, medical devices, and aerospace. This expertise allows the company to deliver industry-specific wire harness solutions that support the specialized demands of these sectors. From advanced robotics projects to life-critical medical devices, Cloom Tech’s custom wire harnesses provide the reliability and performance necessary for these applications.
Zhao further elaborated on the importance of the company’s expansion: “The growing need for custom wire harnesses in highly specialized industries is clear. By expanding our capabilities to include OEM wire harness manufacturing, Cloom Tech is better equipped to support the demands of the automotive, aerospace, and medical sectors. The need for precise and durable wiring solutions is only increasing, and this expansion positions Cloom Tech to meet those evolving needs with innovative solutions.”
Cloom Tech’s emphasis on OEM wire harness manufacturing comes in response to the growing complexity of electrical systems in modern technology. As industries continue to advance and become more reliant on electronic components, the demand for custom wiring solutions capable of withstanding high performance and rigorous environments has grown significantly. Cloom Tech’s services cater to these needs by offering reliable, high-performance wiring solutions that ensure the optimal functioning of critical systems.
Looking to the future, Cloom Tech plans to continue enhancing its manufacturing capabilities and expanding its offerings to meet the demands of the evolving market. The company is focused on research and development to refine and improve its wire harness designs, ensuring that it remains a leader in the industry and continues to meet the diverse needs of its clients.
“The future of the wire harness industry lies in innovation and precision,” Zhao concluded. “Cloom Tech is committed to staying ahead of industry trends and continually improving our manufacturing capabilities. The expansion into OEM wire harness solutions is just the beginning, and the company will remain focused on providing high-quality, reliable solutions for complex systems in critical sectors.”
For more information, Cloom Tech, an OEM Wire Harness Manufacturer, can be reached at +1 863 434 8447 or via email at sales@cloomtech.com. The company is located at 9251 NW 112th Ave, Medley, FL 33178, USA.
Media Contact
Organization: Cloom Tech
Contact
Person: Ivy Zhao
Website:
https://cloomtech.com/
Email:
sales@cloomtech.com
Contact Number: 18634348447
Address:9251 NW 112th Ave
Address 2: Medley, FL 33178
Country:United States
The post Cloom Tech Offers OEM Wire Harness Manufacturing Solutions appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
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.
Cloom Tech Provides Prototype Cable Assembly Manufacturing Services
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