Exploring Blockchain Security and Regulators
Yevhenia Broshevan, one of the co-founders of Hacken, a renowned blockchain security auditor, sat down with Cryptonews correspondent Matt Zahab at the Consensus 2024 conference in Austin, Texas. Broshevan shed light on the critical role regulators play in ensuring a safe and secure blockchain ecosystem.
Assisting Regulators for Enhanced Security
– Hacken recently signed an MoU with Abu Dhabi Global Market to set new security and compliance benchmarks.
– The partnership aims at developing security standards and on-chain monitoring solutions.
– Broshevan highlighted the importance of prioritizing security standards and due diligence on licensed crypto providers.
– The evolution of the industry requires regulators to focus on security as a crucial aspect of licensing procedures.
– Despite advancements, the industry still faces vulnerabilities and ongoing challenges related to hacks.
Arculus: Transforming Web3 and Payments
– Adam Lowe, the Chief Product Officer at Arculus, showcased a metal payment card that also functions as a hardware wallet and authenticator.
– The card enables users to self-custody their digital assets securely while facilitating payments and authentication.
– By storing keys securely on the card, the hardware wallet feature provides robust protection for digital assets.
Polkadot’s Technological Advancements
– Polkadot introduced Polkadot 2.0 at the Consensus 2024 conference to enhance accessibility and affordability.
– The new era promises lower costs and better quality block space to foster innovation.
– Notable collaborations include John Lindon migrating his NFL-branded game to Polkadot, attracting a significant user base.
Dabba: Revolutionizing Internet Access in India
– Karam Lakshman, the CEO of Dabba, aims to provide high-speed internet access to a billion Indians.
– With rising data consumption, Dabba focuses on expanding Wi-Fi access across the country.
– Their innovative marketplace aggregates local internet service providers, allowing users to efficiently manage their Wi-Fi setups.
– The upcoming launch of the Dabba token on the Solana chain will enhance the ecosystem, providing rewards to network participants.
Highlights from Consensus 2024
– Cryptonews reporters Rachel Wolfson and Matt Zahab covered the latest updates from Consensus 2024, interviewing industry leaders, pioneers, and analysts to provide insights from the prominent crypto event.
Hot Take: Embracing Blockchain Security and Innovation
– As the blockchain landscape continues to evolve, the collaboration between Hacken and regulators sets a new standard for security and compliance in the industry.
– Revolutionary products like the metal payment card from Arculus and technological advancements in platforms like Polkadot showcase the ongoing innovation within the crypto space.
– Companies like Dabba are driving connectivity and internet access in emerging markets, unlocking new opportunities for users worldwide.
– Consensus 2024 served as a vibrant platform for industry discussions and advancements, reflecting the dynamic nature of the crypto ecosystem.
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