Zurich, Switzerland & Dubai, UAE, Oct. 20, 2023 (PlatoData via 500NewsWire) — The DFINITY Foundation, a not-for-profit research and development organization based in Switzerland and a major contributor to the Internet Computer blockchain (ICP), has announced that it has partnered with InvoiceMate. InvoiceMate.tech will migrate from Hyperledger Fabric to the Internet Computer. The DFINITY Foundation will support InvoiceMate in this transition as it becomes an important part of the ICP ecosystem. 

InvoiceMate is a blockchain & AI-powered invoicing platform that acts as a bridge between SMEs and financing institutions. InvoiceMate leads to easier financial inclusion by enabling SMEs access to various forms of credit like invoice discounting, factoring, Buy Now Pay Later (BNPL), and supply chain financing. InvoiceMate has processed over $114 million in invoices and partnered with nine financial institutions with over $5mn in locked lending allocation. 

As part of the partnership not only will InvoiceMate use the Internet Computer blockchain it will work with the DFINITY Foundation to add value to the ICP ecosystem as a whole. The InvoiceMate team will act as advisors and mentors for other enterprise blockchain projects. This will include running workshops for enterprise blockchain organizations, InvoiceMate’s large network of partners and universities that are interested in exploring the Internet Computer. InvoiceMate’s tech arm MateSol will also serve as a “dev shop” and support projects wanting to integrate ICP into their operations. InvoiceMate brings a wealth of experience from the enterprise blockchain industry and is set to play a large role in enterprise adoption for the Internet Computer blockchain.

Muhammad Salman Anjum, Chief Mate at InvoiceMate said, “We’re excited to migrate to the Internet Computer blockchain. InvoiceMate has built its reputation on trust and efficiency, and that is what we are looking for in a blockchain. The Internet Computer enables us to use the power of invoices to aid SMEs in accessing credit but in a decentralized, tamperproof, and scalable manner.”

The partnership between the DFINITY Foundation and InvoiceMate strengthens the presence of the Internet Computer in the region. Recently, the ICP.HUB GCC was founded in Dubai and is one of the newest editions to the region, known as the Crypto Oasis, the fastest growing Blockchain Ecosystem in the World, now with more than 1,800 organisation and 8,650 individuals working in it. The ICP.HUB GCC is a Web3 community of developers and entrepreneurs building the Internet Computer’s presence in the Gulf. The Hub is focused on education, including workshops for developers, incubation, helping founders from ideation to MVP, and developing blockchain use cases for corporates and governments. The ICP.HUB GCC also facilitates partnerships between the DFINITY Foundation and local enterprises.

Saed Ereiqat, Co-Founder of the ICP.HUB GCC said, “Since the inception of the ICP.Hub GCC, we have been building the groundwork for projects to transition into the ICP Ecosystem smoothly, and we are seeing significant interest from the local ecosystem to build. InvoiceMate is the perfect example of a mature, Dubai-grown project moving to the ICP Ecosystem. I am looking forward to working with the team on developing corporate use cases powered by ICP!”.

The Internet Computer is a general-purpose, layer-one blockchain that acts as a Cloud 3.0. The network has been operating for over two years and has experienced zero downtime. It also processes over 750 million transactions daily, a 425% increase from its first year of operation. The Internet Computer is the only blockchain network in the world capable of hosting social networks and enterprise systems, providing an alternative to the Legacy IT stack, which incorporates Web 2.0 infrastructures such as centralized cloud services run by Big Tech, which run databases and web servers.

About InvoiceMate

InvoiceMate acts as a trusted bridge between SMEs & lenders. It enables SMEs easy digital inclusion with Blockchain & AI-powered invoicing platform that empowers them with even easier financial inclusion. Financing institutions get easy pre-qualified Borrowing SMEs and quicker due diligence with KYI (Know Your Invoice) Service to do de-risked lending.

https://www.invoicemate.net

About DFINITY Foundation

The DFINITY Foundation is a not-for-profit organization of leading cryptographers, computer scientists and experts in distributed computing. With a mission to shift cloud computing into a fully decentralized state, the Foundation leveraged its experience to create the Internet Computer and currently operates as a major contributor to the network. ->

https://dfinity.org

Contact Details:
Faisal Zaidi
faisal@cryptooasis.ae

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Washington, DC, September 20, 2023 (PlatoData via 500NewsWire) — The Government Blockchain Association (GBA) announces the release of the Blockchain Maturity Model (BMM) Voting Supplement.

“The Voting Supplement is a critical resource for governments, organizations, and developers worldwide, providing a comprehensive framework to ensure the privacy, security, and integrity of voting systems,” said Susan Eustis, Chair of the GBA Voting Working Group. “Its scope extends beyond government elections, making it applicable businesses, associations and other forms of governance, enhancing trust in democratic outcomes.”

The supplement is a roadmap for developers and administrators seeking to implement trusted election solutions. It augments the broader work of the GBA in establishing global standards and assessment methodologies to promote the adoption of trusted blockchain solutions.

“Standardizing blockchain technology is crucial because it provides a foundation for trust,” said Chandler, AZ City Councilman, Mark Stewart. “Blockchain, as an immutable database, ensures the integrity of data, making it reliable for tracking the chain of custody in elections. This step forward in standardization brings the technology into the next century, bolstering credibility.”

The Voting Supplement, available at https://gbaglobal.org/voting-resources, is a supplement to the BMM created by the GBA. The BMM serves as a global framework showcased by the United Nations’ Internet Governance Forum Dynamic Coalition on Blockchain Assurance & Standardization and is now available for download on the Government Blockchain Association’s official website at https://gbaglobal.org/blockchain-maturity-model.

About the Government Blockchain Association (GBA):

The Government Blockchain Association is a non-profit organization that provides a platform for blockchain experts, government officials, and industry leaders to collaborate and explore the potential of blockchain technology in the public sector. With a global network of chapters and working groups, the GBA is dedicated to promoting blockchain adoption and knowledge exchange across various government domains.

For media inquiries or further information, please contact:

Bob Miko

Bmiko@pacificdialogue.com

203 378 2803

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Cryptocurrencies have become a significant phenomenon in the modern financial landscape, offering decentralized digital alternatives to traditional currencies. Among these digital assets, Pi cryptocurrency has been gaining attention due to its unique approach and potential for growth. In this article, we will delve into the world of Pi cryptocurrency, exploring its origins, underlying technology, potential benefits, and key considerations for those interested in becoming part of its community.

The Genesis of Pi:

Unlike many other cryptocurrencies, Pi is relatively new, having been introduced in 2019 by a team of Stanford graduates. Its creators aimed to address some of the limitations and barriers to entry faced by traditional cryptocurrencies like Bitcoin, such as energy-intensive mining and the complexity of blockchain technology. Pi was designed to be more accessible, user-friendly, and eco-friendly.

Core Technology:

Pi cryptocurrency operates on a consensus algorithm known as the “Stellar Consensus Protocol,” which aims to strike a balance between security, decentralization, and energy efficiency. Unlike the Proof of Work (PoW) mechanism used by Bitcoin, which requires substantial computational power and energy consumption, Pi uses a more lightweight and eco-friendly Proof of Stake (PoS) model. This enables users to mine Pi on their mobile devices without draining excessive resources.

Potential Benefits:

Accessibility: One of the main selling points of Pi cryptocurrency is its accessibility. With the mining process being achievable on smartphones, it allows a broader range of people to participate in the network, potentially democratizing cryptocurrency ownership.

Community Engagement: The Pi Network places strong emphasis on community engagement and participation. Users can earn Pi by inviting others to join, creating a sense of social involvement and expanding the network’s reach.

Eco-Friendly Approach: Pi’s use of the PoS consensus mechanism, as opposed to PoW, significantly reduces energy consumption. This eco-friendly aspect aligns with growing concerns about the environmental impact of cryptocurrency mining.

Key Considerations:

Early Stage: It’s important to recognize that Pi cryptocurrency is still in its early stages of development. As such, it carries inherent risks and uncertainties, much like any new venture or technology.

Value Proposition: While Pi’s accessibility and eco-friendliness are compelling, its long-term value proposition will depend on factors such as adoption, technological advancements, and regulatory developments.

Skepticism: The cryptocurrency space has seen its fair share of ambitious projects that did not materialize as expected. Skepticism and careful evaluation are warranted when considering any new digital asset.

Joining the Pi Network:

Download the App: To start mining Pi, download the Pi Network app from a reputable source and create an account.

Mining Pi: Once registered, you can begin mining Pi using your smartphone. The app allows you to mine while your phone is connected to the internet, contributing to the network’s security and maintenance.

Security Measures: As with any digital asset, security is paramount. Protect your Pi wallet with strong passwords and consider using two-factor authentication for added security.

Pi cryptocurrency presents a novel approach to the world of digital assets, emphasizing accessibility, community engagement, and eco-friendliness. Its unique consensus mechanism and early stage of development make it an intriguing option for those curious about cryptocurrency participation. However, as with any investment or new technology, thorough research and a balanced perspective are crucial. While the Pi Network’s goals align with many current trends and concerns, the future value and impact of Pi will unfold as the network evolves and the cryptocurrency landscape continues to develop.

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