Blockchain

Kampela Secures Polkadot Network Investment, Becomes First Fully DAO-Funded Hardware Wallet

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    Kuopio, Finland, September 12th, 2024, Chainwire

    Kampela, an innovative hardware startup, has successfully secured funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network, marking a significant milestone as the first hardware project to be fully backed by a DAO in the Polkadot ecosystem. This achievement demonstrates the power of decentralized governance in supporting tangible technological innovations and opens new possibilities for hardware development in the blockchain space.

    Kampela’s device leverages NFC technology and operates without the need for wired charging or a battery, showcasing a novel approach to secure, user-centric hardware wallets. The company’s innovative strategy consolidates both the design and production processes within a single integrated platform, enabling the delivery of highly differentiated solutions to the market.

    Key Highlights:

    – Funding secured through Polkadot Referenda #62, #370, and #886, totalling approximately 253,000 DOTs (around $1 million USD at current DOT price)

    – Transparent, community-driven decision-making process

    – Establishes a new model for supporting hardware innovation in the blockchain industry

    – Battery-free operation powered exclusively by NFC during active use

    – Secure NFC-only connectivity, eliminating vulnerable USB interfaces

    Kirill, ex-CISO of Parity and Kampela’s Co-Founder, stated, “Not only is Kampela one of the very few fully open hardware wallets on the markets (you can get everything, up to the precise machining instructions for the casing, from our GitHub), but the project is also a brilliant example of the power of DAOs in the new, blockchain-enabled economy: the project was funded via the Polkadot Treasury (one of the biggest DAOs in the world right now), and it is thanks to this funding that our designs are so uncompromisingly open, free, and democratic.”

    The successful funding of Kampela through a DAO on the Polkadot network showcases how community-driven funding can fuel advancements in secure, user-centric devices. This achievement is expected to attract attention from blockchain enthusiasts, hardware innovators, investors interested in decentralized funding models, and Polkadot community members and stakeholders.

    Kampela’s hardware design features several enhanced security measures, including battery-free operation and secure NFC-only connectivity. The device remains completely powered down when not in use, deterring physical access or tampering, and its NFC-only communication provides an additional security layer compared to traditional USB interfaces.

    With six hardware revisions conducted and 54 components in its design, Kampela represents a significant leap forward in blockchain hardware innovation. As the first fully DAO-funded hardware project in the Polkadot ecosystem, Kampela sets a new precedent for how hardware startups can leverage decentralized funding and governance to bring cutting-edge products to market.

    For more information about Kampela and its innovative hardware wallet, readers can visit https://www.kampe.la/ or https://x.com/kampela_signer. 

    About Kampela

    Kampela, a Finnish startup, is revolutionizing secure transaction management with its innovative NFC-powered hardware device. Operating without Bluetooth, USB, or batteries, it features an e-ink display and open-source design. Tailored for blockchain applications and backed by the Web3 Foundation and Polkadot Treasury, Kampela offers a sustainable, secure solution for digital interactions in decentralized systems.

    Media Contact:

    Viktoria

    CMO [Telegram: @vikrpc ]

    Contact

    CMO
    Viktoria
    Kampela
    vv.repich@gmail.com

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    Radhika Lipton Appointed PCBB Chief Risk Officer, Succeeding Esteemed Leader Steve Baca

    2024-09-19T14:45:00Z

    PCBB has announced the appointment of Radhika Lipton as Chief Risk Officer, succeeding Steve Baca, who is retiring after nearly two decades of distinguished service.

    WALNUT CREEK, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- PCBB, a leading financial firm dedicated to serving the needs of community-based financial institutions nationwide, is pleased to announce the appointment of Radhika Lipton as Chief Risk Officer. Radhika, renowned for her expertise in bolstering organizational resilience and optimizing operational efficiency through strategic risk mitigation, will succeed Steve Baca, who is set to retire in early 2025 after nearly two decades of exemplary service.

    Throughout his tenure, Steve has been instrumental in guiding PCBB’s risk management strategies, contributing significantly to the firm's impressive growth — more than doubling its assets and increasing the customer base over the past decade. Mike Dohren, President of PCBB, expressed confidence in the transition, stating, “Steve has provided excellent risk management leadership, which will enable Radhika to step into the role of Chief Risk Officer with a solid program already in place. Her background will enable us to build an even more robust compliance and oversight platform for both PCBB and our customers as we look to new market opportunities.”

    Radhika Lipton brings a wealth of experience in risk management, compliance, and internal auditing from her tenure at prestigious global companies, financial institutions, and fintech startups. Most recently, she served as Chief Risk and Compliance Officer at Mambu Americas, Inc., and as Chief Compliance Officer at Sunwest Bank. She also founded RADD LLC, a consulting firm specializing in internal auditing and compliance, and serves as a Board Member and Audit Committee Chair at Walden Mutual Bank in New Hampshire.

    Radhika is a distinguished speaker at industry conferences, where she addresses topics such as high-risk banking, compliance and regulatory standards. She stated, “I am excited to join the PCBB team as we continue to pursue new market opportunities to bring our customers to the next level of banking. I am passionate about developing and leading comprehensive risk frameworks and compliance strategies that align with business objectives and regulatory standards.”

    PCBB looks forward to leveraging Radhika’s extensive knowledge and experience to enhance its risk management framework, ensuring continued success and innovation in the evolving financial landscape.

    About PCBB

    PCBB believes in the power of local financial institutions to be the catalyst of small business growth and to enable communities to thrive. Our team is committed to providing not only the tools and knowledge our customers need to serve their clients, but also the partnership and trust they deserve.

    Our robust suite of competitive services includes cash management and international services, lending services, hedging solutions, and profitability and risk management advisory services. These solutions help community financial institutions maximize revenue, increase efficiency, and manage risk.

    All trademarks are the property of their respective owners

    Media Contact:
    Nancy Ozawa
    PCBB
    nozawa@pcbb.com
    (888) 399-1930 x177

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ff1b4642-2b03-416c-aa14-685650211e2b


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