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PlatON Privacy Computing: Addressing The Fundamentals of Enterprise’s Survival and Development in the Information Age

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4 years ago

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The good times for the world’s tech giants are over. America’s four tech giants, Google, Apple, Amazon and Facebook, are facing one of the toughest antitrust investigations in the history of the Internet. The State Administration for Market Supervision also points to the monopolistic behavior of these Internet platforms. A global anti-monopoly tide is surging and the effects can be felt in the field of science and technology and the Internet.

According to incomplete statistics, in the past four years, large-scale technology enterprises have encountered anti-monopoly investigations and disputes in 17 countries and regions, with a total of 84 cases. Google had the most, with 27, followed by Amazon and Apple, with 22 each, and followed by Facebook, with 13 investigations against them. Google alone has paid more than $9 billion over the past three years in antitrust penalties imposed by the European Union. China’s anti-monopoly campaign also began in 2021. In April, State Administration for Market Supervision fined Alibaba 18.228 billion yuan, which is 4% of Alibaba’s sales (455.712 billion yuan) in China in 2019. It is the largest antitrust fine in Chinese history.

The global situation is no different. The development of the entire Internet is moving towards regional separation and even getting gradually disconnected. At the same time, corporations and governments are reaching agreements exceptionally and coincidentally in regards to the antitrust issues. Emerging-market economies, in particular, are getting increasingly aware that the potential monopolies of tech giants undermine markets and fair trade.

Privacy Protection Is Becoming An Important Factor In Antitrust Enforcement

With the continuous development of digital economy, two areas of privacy protection and anti-monopoly began to cross and merge. In terms of the impact of antitrust on privacy protection, competition pressures, including privacy protection, companies might be pushed to strengthen privacy protection, but opening up competitive data elements could weaken privacy protection. On the other hand, considering the influence of privacy on antitrust, privacy protection can enhance the competitive vitality of digital economy, especially in non-price dimensions, but privacy protection may restrict the competitive factors, such as the opening and sharing of data.

Much of the behavior of Internet platforms is data behavior, resulting in competition, privacy, security and other issues. Digital platform has become a new driving force of economic growth, but due to the asymmetric collection and use of user data information, “algorithm discrimination” is a matter of concern for many.

Privacy Computing Power Has Become The Core Of Industrial Long-Term Development

Under the situation of tight global data supervision, the difficulty of data acquisition restricts the business development of the demander, and the enterprise needs to provide the solution for safe data flow. How to take into account the data availability and privacy security protection, realize the massive data flow while protecting the data privacy security, and prevent the sensitive information leakage, has become the industry’s core concern. The existing data privacy protection schemes mainly aim at the protection of static data, focus on the relatively isolated application scenarios and technical points, and propose solutions to the specific problems in the given application scenarios, but fail to protect the data in calculation and analysis.

Privacy computing can solve the problem of data security in the process of dynamic use and sharing of data, and realize that data can be invisible when using and value can be mobile without leaking data out, and information between multi-services can be shared safely and in compliance.

PlatON: A New Generation Of Privacy Computing Platform

PlatON’s mission is to provide the next generation of Internet-based protocols with the core feature of “computing interoperability”, based on the basic properties of the blockchain and supported by the privacy computing network. PlatON’s privacy AI open-source framework Rosetta aims to make it possible for engineers in the big data and AI fields to use all kinds of privacy computing technologies without any barriers, while categorizing different privacy requirements from the perspective of data privacy and supporting the most cost-effective privacy computing algorithms. For example, the user who is sensitive to the data content, can carry on the irreversible anonymous protection through the encryption means. If the user is strict to the data protection request, it may consider scarifying the convenience and realizing the omni-directional anonymity.

The results of PlatON’s privacy computing are slowly coming to market, with the company’s privacy Token contract officially opening source in 2021, it aims at helping eco-developers and partners hide information about both parties in their products and PlatON through the privacy Token contract standard. Exploring how to combine privacy protection technology with AI, many mainstream organizations are entering the battlefield, the market space is very large, PlatON invests a lot in the local battlefield, occupying the advantage.

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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

Diabetics Trust Launches Transparency Pledge to Revolutionize the Sale of Diabetic Supplies

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6 minutes ago

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December 24, 2024

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San Francisco, California, United States, 24th Dec 2024  – Diabetics Trust, a leading buyer of diabetic supplies, has unveiled its groundbreaking Transparency Pledge, setting a new standard in the industry. This initiative ensures that individuals looking to sell diabetic test strips, CGMs, and other supplies experience a streamlined, transparent, and hassle-free process.

The Transparency Pledge introduces clear guidelines, fair payouts, and fast payments within 1-2 business days of product verification. Unlike many competitors, Diabetics Trust eliminates hidden fees and ambiguous conditions, providing sellers with a reliable and predictable experience.

Commitment to Transparency and Customer Satisfaction

Diabetics Trust’s manager, James Mary, emphasized the company’s dedication to creating a fair marketplace.

“Our mission is rooted in transparency. We believe our customers deserve clarity, fairness, and efficiency throughout the entire process. This pledge reflects our commitment to delivering an honest and seamless experience.”

Addressing Rising Healthcare Costs

With the increasing burden of healthcare expenses, selling unused diabetic supplies has become a practical way for individuals to recover costs. Diabetics Trust not only empowers sellers to earn extra cash but also contributes to sustainability by redistributing quality supplies to those in need.

The company’s transparent process includes:

Fast Payments: We always try our best to process payments within 1-2 business days after verification. PayPal payments are usually instant. 

No Hidden Fees: Sellers know exactly what to expect upfront.

Return Option: Rejected items can be returned for a nominal fee.

A Step Towards Sustainability

By encouraging the resale of unused diabetic supplies, Diabetics Trust supports waste reduction and promotes access to affordable healthcare products.

About Diabetics Trust

Diabetics Trust is committed to empowering individuals through transparent, efficient, and ethical practices. The company specializes in buying diabetic test strips, CGMs, and lancets, ensuring customers receive the highest payouts with no surprises.

For more information on how to sell diabetic supplies, visit DiabeticsTrust.com. 

Media Contact

Organization: Diabetics Trust

Contact Person: James Mary

Website: https://diabeticstrust.com/

Email: Support@diabeticstrust.com

Country: United States

Release Id: 24122421849

The post Diabetics Trust Launches Transparency Pledge to Revolutionize the Sale of Diabetic Supplies appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

HKFA’s 9th Anniversary Celebration Lights Up Kuala Lumpur with Unforgettable Gala and Global Trust Summit

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6 minutes ago

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December 24, 2024

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9th Anniversary Private Gala Dinner & Global Trust Summit 2024 wrapped up in Malaysia!

Kuala Lumpur, Malaysia, 24th Dec 2024 – On November 22, 2024, Hong Kong Fiduciary Association Limited (HKFA) proudly hosted its 9th Anniversary Private Gala Dinner & Global Trust Summit 2024 at the prestigious Diamond Ballroom in EQ Kuala Lumpur. The grand event brought together over 300 esteemed colleagues, collaborators, and guests from around the globe to celebrate nearly a decade of trust and success in the wealth management industry.

Under the theme “SHINING BRIGHT FOR 9 YEARS, WITH TRUST AS OUR GUIDING LIGHT,” the evening commemorated HKFA’s achievements and set the stage for future innovation in fiduciary services.

Global Trust Summit 2024: Industry Insights and Milestones

The event began with the Global Trust Summit 2024, an engaging platform for industry leaders to analyze current trends and explore future opportunities. The summit featured a retrospective milestone video celebrating HKFA’s achievements since 2015, followed by an inspiring keynote by Mr. Cyril Yeung, Founder of HKFA, who highlighted the company’s resilience, innovation, and client-focused approach. 

Mr. Yeung noted that “Throughout these wonderful years, relentless efforts have brought us to where we are today. Persistence, innovation, and a pragmatic approach have been the true driving forces behind our success. Looking ahead, HKFA will continue to reach a broader client base globally by enhancing professionalism, broadening service scopes, and striving to shine even brighter on the global stage.”

It also included a detailed analysis of a new Hong Kong-domiciled fund structure by Mr. Melvin Mui, COO of Hong Kong Trust Capital Management Limited, showcasing the launch of the innovative trust structure designed to meet the diverse needs of trust clients. Additionally, Mr. Keith Chan, Business Development Director of Inheritance Asset Management Limited presented the Global Review 2024, offering valuable insights into market trends and strategies for 2025.

A Night to Remember: 9th Anniversary Private Gala Dinner

Following the summit, the gala dinner was a celebration of camaraderie, achievements, and aspirations. Mr. Mong Chung Chee, President of Asia-Pacific Region of HKFA, opened the evening with heartfelt remarks, welcoming global guests to this momentous occasion.

The gala was filled with memorable highlights, including an introduction to HKFA’s growing presence in Dubai by Mr. Jason Tan, Vice President of UAE Region, who shared insights into the company’s market expansion. A symbolic strategic partnership agreement was signed between Mr. Jason Tan and Ms. Peini Huang of Kreston Menon Chartered Accountants, reinforcing HKFA’s dedication to serving high-net-worth clients. The evening also featured a celebratory 9th Anniversary Cake Ceremony, led by HKFA executives, symbolizing nine years of excellence and trust. Guests enjoyed a vibrant atmosphere with live music, exquisite dining, and ample opportunities for networking and reflection.

Looking Ahead: A Decade of Excellence and Beyond

The event concluded with a heartfelt closing speech by Mr. Mong Chung Chee, expressing gratitude to attendees and reaffirming HKFA’s dedication to setting new standards in the fiduciary industry.

As HKFA reflects on nine successful years, the company is poised to embrace future challenges with professionalism and innovation, ensuring continued excellence in wealth management services worldwide.

About HKFA:

Established in 2015, the main objective of HKFA is to educate and empower sophisticated and high-net-worth clients with global assets, offering tailored and comprehensive solutions to clients across the globe to safeguard family legacies and ensure seamless inheritance. With a commitment to professionalism and innovation, HKFA continues to pave the way for excellence in wealth management.

Media Contact

Organization: Hong Kong Fiduciary Association Limited

Contact Person: Ms. Catherine Choo

Website: https://www.trusthongkong.com/

Email: info@trusthongkong.com

City: Kuala Lumpur

State: Kuala Lumpur

Country: Malaysia

Release Id: 24122421872

The post HKFA’s 9th Anniversary Celebration Lights Up Kuala Lumpur with Unforgettable Gala and Global Trust Summit appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

MEXC grows global reach with 17 new languages, strengthening its presence in emerging markets

Published

21 minutes ago

on

December 24, 2024

By

Seychelles, December 24, 2024 – MEXC, a leading global cryptocurrency exchange, today announced the addition of support for 17 languages on its website, including Dutch, Bulgarian, Czech, Danish, Greek, Hungarian, and Indonesian. This initiative further strengthens MEXC’s localized services, empowering cryptocurrency investors worldwide with a seamless and enhanced trading experience.

The new languages are now available on MEXC’s official website, with app integration to follow shortly. With this latest language update, MEXC now supports a total of 34 languages, reflecting not only the platform’s commitment to global growth, but also its dedication to cultural diversity and inclusion. This strategic expansion is set to impact several key areas:

1. Enhanced User Experience: Removing language barriers to provide a smoother and more accessible trading experience for users worldwide.

2. Accelerated Global Expansion: Meeting the diverse needs of users across different countries and regions, speeding up market coverage and penetration.

3. Expanded User Base: Attracting users from emerging markets with localized language options, further fueling platform growth and activity.

4. Cultural Inclusion: Showcasing respect for diverse cultures, strengthening MEXC’s global brand image, and fostering greater trust among users.

MEXC is dedicated to being “Your Easiest Way to Crypto.” With core advantages such as an extensive selection of trending tokens, everyday airdrops, extremely low fees, and comprehensive liquidity, MEXC has achieved remarkable milestones in 2024. The platform has grown to serve over 30 million global users, and recorded a threefold increase in trading volume year-on-year, reflecting strong growth momentum.

To better address the evolving investment needs of its global user base, MEXC continues to optimize multilingual support, upholding a user-first philosophy that ensures an efficient and reliable service experience. 

“Our addition of new languages is about more than just expanding our service—it’s about connecting cultures,” says Tracy Jin, VP at MEXC. “By removing language barriers, we are opening doors for investors around the globe to access the crypto economy effortlessly, ensuring every user experiences our platform at its full potential.”

Looking ahead, MEXC will further deepen its localization efforts to facilitate easier participation in cryptocurrency investments and promote the long-term development and adoption of the industry.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜X｜ Telegram ｜How to Sign Up on MEXC

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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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