Blockchain

Aleph Zero Joins CAMARA as the First Blockchain Organization

Brussels, Belgium, September 6th, 2024, Chainwire

 

Aleph Zero will work alongside the world’s largest telecommunications organizations to help to develop standardized blockchain APIs for the industry

Aleph Zero, a blockchain ecosystem engineered for speed, data confidentiality, and ease of development, has officially joined the CAMARA Foundation as a General Member. This strategic move marks a significant step towards integrating advanced blockchain technology with global telecommunications standards, particularly in the realm of Decentralized Identifiers (DIDs).

As a General Member, Aleph Zero will work closely with global telecom and tech leaders within CAMARA to develop and contribute to blockchain-specific initiatives. A key focus of this collaboration will be the Blockchain Public Address API, which has the potential to revolutionize how users interact with blockchain technologies through their mobile devices.

The CAMARA Project, launched in 2021 under the Linux Foundation and GSMA, aims to create standardized APIs for telecommunications networks. This initiative is designed to simplify network complexities and provide seamless access to network capabilities across different operators and countries. A cornerstone of this effort is the Blockchain Public Address API, which was initiated in June 2023 and is currently in version 0.1.0. The CAMARA Project now includes over 230 companies – including Deutsche Telekom, stc, Vodafone and Telefónica – and 650 individual participants.

This API allows for the management of blockchain addresses associated with phone numbers, offering features such as retrieval of blockchain public addresses linked to phone numbers, and the binding and unbinding of these addresses. By utilizing blockchain public addresses as Decentralized Identifiers (DIDs), the API enables telecom service providers to offer third parties the capability to pair phone numbers with blockchain addresses, thereby simplifying transactions for end-users.

Aleph Zero’s expertise in zero-knowledge proofs and privacy-preserving technologies will contribute significantly to the further development and refinement of the group’s blockchain-related solutions.

Antoni Zolciak, co-founder at Aleph Zero, said: “The integration of blockchain technology into mainstream infrastructure is accelerating at an unprecedented rate. Forward-thinking organizations across various sectors are recognizing the transformative potential of distributed ledger technologies. We’re looking forward to collaborating with various members of the Foundation and contributing to the telecommunications APIs from a blockchain standpoint.”

Aleph Zero, known for its cutting-edge blockchain ecosystem, offers secure, scalable, and privacy-focused solutions for Web3 applications. With its zkOS and EVM Layer 2 network, Aleph Zero continues to push the boundaries of blockchain technology, focusing on privacy, scalability, and interoperability. Aleph Zero recently launched its EVM-layer, an exceptionally fast and efficient blockchain, boasting a block time of up to 250 milliseconds with near-instant transaction finality.

For more information about the CAMARA Project, visit https://camaraproject.org/

About Aleph Zero

Aleph Zero is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via highly optimized Zero Knowledge Proofs, and offers a comprehensive toolset for development across web3 that range from WASM to EVM environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.

For all media inquiries, users can contact josh@serotonin.co

 

Contact

PR Manager
Josh Adams
Aleph Zero
josh@serotonin.co

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Generative AI In Financial Services: Global and Regional Market Revenue Data by Application, Deployment and End-user (2018-2030) Featuring Strategic Profiles of Alpha Sense, AWS, EY, Google & More

2024-09-18T08:34:41Z

Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Generative AI In Financial Services Market Size, Share & Trends Analysis Report By Application, By Deployment, By End-user, By Region, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global generative AI in financial services market was estimated at USD 1.67 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030.

Generative AI is driving the automation of financial processes, leading to improved operational efficiency and reduced costs. AI-powered robo-advisors are increasingly offering automated investment management services, providing personalized advice with minimal human intervention. In the lending sector, AI is revolutionizing the underwriting process by quickly assessing the creditworthiness of borrowers through advanced data analysis. This automation not only speeds up financial processes but also enhances accuracy, ultimately benefiting both financial institutions and their customers.

Generative AI is enhancing risk management and fraud detection capabilities within financial institutions. By analyzing vast datasets in real-time, AI models can identify unusual transaction patterns and anomalies, significantly reducing the risk of fraud. Predictive analytics powered by AI enables financial institutions to anticipate and mitigate various risks, such as credit, market, and operational risks. This initiative-taking approach to risk management not only strengthens security but also ensures compliance with regulatory requirements, safeguarding both the institution and its clients.

Companies Profiled in the Report

  • Alpha Sense
  • Amazon Web Services, Inc.
  • EY (Ernst & Young)
  • Google LLC
  • HCL Technologies
  • IBM Corporation
  • Intel Corporation
  • Mastercard
  • Microsoft
  • Narrative Science
  • OpenAI
  • Salesforce, Inc.
  • SAP

Generative AI In Financial Services Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the global generative AI in financial services market report based on application, deployment, end-user, and region.

  • Application Outlook (Revenue, USD Million, 2018-2030)
    • Risk Management
    • Fraud Detection
    • Credit Scoring
    • Forecasting & Reporting
    • Customer Service and Chatbots
  • Deployment Outlook (Revenue, USD Million, 2018-2030)
    • On-premises
    • Cloud-based
  • End-user Outlook (Revenue, USD Million, 2018-2030)
    • Retail Banking
    • Corporate Banking
    • Insurance Companies
    • Investment Firms
    • Hedge Funds
    • FinTech Companies
  • Regional Outlook (Revenue, USD Million, 2018-2030)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Latin America
      • Brazil
    • Middle East and Africa (MEA)
      • UAE
      • KSA
      • South Africa

For more information about this report visit https://www.researchandmarkets.com/r/scnqgv

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