Bridgetower Capital, a leading global provider of AI and Web3 platform services and infrastructure, with InterVision Systems, a premier Managed Service Provider and leader in innovative IT solutions, today announced a strategic partnership to launch robust, secure and scalable global Artificial Intelligence (AI) and Blockchain solutions and services.

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The companies bring to market a transformative proprietary suite of AI and Web3 services, uniting the dynamic fields of Web3 and AI in ways that will accelerate adoption of the technologies in a variety of industries around the world. These services address key challenges such as AI lineage, sovereignty, and authenticity, while facilitating the global distribution of AI models and blockchain applications through secure and efficient networks. The AI/Web3 suite solutions include AI modeling, building and training Large Language Models (LLM), and AI-driven data analytics.

“Bridgetower is a leader in Web3 and AI through our unique approach to layering the capabilities of blockchain to validate data with AI’s power to create large language models making enormous sets of data accessible and useful to organizations,” said Bridgetower Capital Founder and CEO Cory Pugh. “Our partnership with InterVision is yet another example of Bridgetower aligning with those who are pioneering the adoption of AI and Blockchain globally.”

“This partnership with Bridgetower Capital marks a significant milestone in our journey to integrate AI and blockchain technologies,” said Jonathan Lerner, CEO of InterVision Systems. “By combining our strengths, we are well-positioned to deliver groundbreaking solutions to our customers that will drive efficiency, security, and growth for businesses worldwide.”

The Bridgetower/InterVision partnership will also focus on enhancing InterVision’s AI-driven platforms, a suite of GenAI accelerators built for improved customer experiences and developed for rapid customization and deployment. These platforms empower businesses to quickly implement advanced AI solutions, reducing development time and complexity to deliver innovative products and services.

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In addition to the joint development of AI and blockchain solutions, the companies will work together to expand global reach and impact by leveraging their extensive networks and industry expertise. This partnership will drive growth and innovation, positioning both Bridgetower Capital and InterVision Systems at the forefront of the digital transformation landscape.

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ZayaAI, a pioneering AI-focused technology company, proudly announces its strategic partnership with Enjinstarter, a leading Web3 launchpad and advisory. The collaboration aims to harness the power of AI and blockchain technology to revolutionize healthcare diagnostics and outcomes.

ZayaAI’s innovative AI software empowers pathologists and researchers in clinical labs to reduce diagnosis times, decrease costs, minimize human error, and ultimately enhance patient care. By integrating blockchain technology, ZayaAI ensures data security, transparency, and improved collaboration across the healthcare ecosystem.

Through the synergy of ZayaAI’s state-of-the-art technology and Enjinstarter’s expertise in Web3 solutions, both companies aspire to enhance the precision and efficiency of pathology diagnostics, setting new standards in healthcare innovation.

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The partnership includes a strategic Initial DEX Offering (IDO) hosted by Enjinstarter, aimed at accelerating the development and deployment of ZayaAI’s cutting-edge diagnostic solutions. This IDO, set to launch September 2024, will provide crucial funding to expand ZayaAI’s reach and impact in the healthcare industry. Early investors will have the opportunity to support ZayaAI’s mission and be part of a transformative journey in medical diagnostics.

Cristian Mogodici, CEO of ZayaAI, expressed his enthusiasm for the partnership: “We are thrilled to join forces with Enjinstarter. Their expertise in Web3 crowdfunding and blockchain technology perfectly complements our vision of driving innovation in healthcare through advanced digital solutions.”

This partnership will leverage Enjinstarter’s robust platform to enhance ZayaAI’s diagnostic solutions, ensuring data integrity and fostering innovation in pathology and beyond. The collaboration will drive the development and deployment of advanced AI tools, bringing transformative changes to the healthcare industry.

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Blockchain for Good Alliance (BGA) and Bybit Web3 are thrilled to announce their strategic partnership and community partnership, respectively, with the SocialPlus Hackathon. This collaboration aims to foster innovation, knowledge sharing, and collaboration within the DeBox and Web3 ecosystem, leveraging the power of Blockchain and AI technology.

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The SocialPlus Hackathon, a virtual event running from now until September, will provide a platform for participants to showcase their talent and actively contribute to the development of the Web3 ecosystem.

Participants can work on three tracks, including the DeBox Open Platform — Bot Market Track, DeBox Open Platform — DAPP Market Track, and the Blockchain for Good Track (BGA), and will have the chance to compete for a p**** pool of up to $30,000. In addition, all finalists will receive an exclusive NFT and points rewards provided by BGA.

“As an industry leader, Bybit is committed to empowering the next generation of projects through the Blockchain for Good Alliance. Our collaboration with the SocialPlus Hackathon exemplifies our dedication to pushing boundaries and driving innovation in the Web3 ecosystem. Together with the SocialPlus Hackathon, we anticipate witnessing the creative and transformative projects that will shape the future of Web3 and contribute to a decentralized and inclusive world.” said Emily Bao, Bybit Web3 Evangelist.

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Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.

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“This post is drawn from  the  excellent Chainalysis 2024 Cryptocrime Report.  In recent years, cryptocurrency hacking has become a significant threat, leading to billions of dollars stolen from crypto platforms and exposing vulnerabilities across the ecosystem.  Attack vectors affecting DeFi are sophisticated and diverse. Therefore, it is important to classify them to understand how hacks occur and how protocols might reduce their likelihood in the future.  On-chain attack vectors stem not from vulnerabilities inherent to blockchains themselves but rather from vulnerabilities in the on-chain components of a DeFi protocol, such as their smart contracts. These aren’t a point of concern for centralized services, as centralized services don’t function as decentralized apps with publicly visible code the way DeFi protocols do.

The classification of attacks  are summarised below :

• Protocol exploitation – When an attacker exploits vulnerabilities in a blockchain component of a protocol, such as ones about validator nodes, the protocol’s virtual machine, or in the mining layer.
• On-chain Insider attack: When an attacker working inside a protocol, such as a rogue developer, uses privileged keys or other private information to steal funds directly.
• Off-chain Phishing occurs when an attacker tricks users into signing permissions, often by supplanting a legitimate protocol, allowing the attacker to spend tokens on users’ behalf.
• Phishing may also happen when attackers trick users into directly sending funds to malicious smart contracts.
• Off-chain Contagion –  When an attacker exploits a protocol due to vulnerabilities created by a hack in another protocol. Contagion also includes hacks that are closely related to hacks in other protocols.
• On-chain Compromised server: When an attacker compromises a server owned by a protocol, they disrupt the protocol’s standard workflow or gain knowledge to further exploit the protocol in the future.
• Off-chain Wallet hack – When an attacker exploits a protocol that provides custodial/ wallet services and subsequently acquires information about the wallet’s operation.
• Off-chain Price manipulation hack – When an attacker exploits a smart contract vulnerability or utilizes a flawed oracle that does not reflect accurate asset prices, facilitating the manipulation of a digital token’s price.
• On-chain Smart contract exploitation –  When an attacker exploits a vulnerability in a smart contract code, which typically grants direct access to various control mechanisms of a protocol and token transfers.
• On-chain Compromised private key –  When an attacker acquires access to a user’s private key, which can occur through a leak or a failure in off-chain software, for example.
• Off-chain Governance attacks –  When an attacker manipulates a blockchain project with a decentralized governance structure by gaining enough influence or voting rights to enact a malicious proposal.
• On-chain Third-party compromised – When an attacker gains access to an off-chain third-party program that a protocol uses, which provides information that can later be used for an exploit.

Off-chain attack vectors stem from vulnerabilities outside of the blockchain. One example could be the off-chain storage of private keys in a faulty cloud storage solution, which applies to both DeFi protocols and centralized services. In March 2023, Euler Finance, a borrowing and lending protocol on Ethereum, experienced a flash loan attack, leading to roughly $197 million in losses. July 2023 saw 33 hacks, the most of any month, which included $73.5 million stolen from Curve Finance. Similarly, several large exploits occurred in September and November 2023 on both DeFi and CeFi platforms. On-chain attack vectors stem not from vulnerabilities inherent to blockchains themselves but rather from vulnerabilities in the on-chain components of a DeFi protocol, such as their smart contracts. Hacking remains a significant threat.  Protecting your digital assets from hacking is of utmost importance, especially in the current scenario where cyber threats continue to increase. 

Measures to protect your digital assets include:

• 1. Use Strong Passwords: Create strong and unique passwords for all your accounts and avoid using the same password for multiple accounts. Use a mix of uppercase and lowercase letters, numbers, and symbols.
• 2. Two-Factor Authentication: Enable two-factor authentication for all your accounts where possible. This adds an extra layer of security to your accounts.
• 3. Keep Your Software Up-to-date: Keep all your software, including anti-virus and anti-malware software, up-to-date to ensure that it has the latest security patches.
• 4. Use a Hardware Wallet: Consider using a hardware wallet to store your digital assets offline. This will ensure your assets are safe even if your computer or mobile device is hacked.
• 5. Be Careful with Phishing Emails: Be wary of phishing emails that appear to be from legitimate sources. Do not click on any links or download any attachments from such emails.
• 6. Use Reputable Exchanges: Only use reputable exchanges to buy, sell, and store digital assets. Research the exchange thoroughly before using it.
• 7. Backup Your Data: Regularly back up your data to ensure that you keep access to your digital assets in case of a hack or a hardware failure”.

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What is The News About?

By prior agreements, Telefonica and Google Cloud will investigate several initiatives in the following areas: generative AI, machine learning operations, Web3, blockchain, quantum, and edge computing. To increase its presence in the cloud, Google teamed up with the Spanish provider in 2020.

Together, Telefónica and Google Cloud have announced an organizational renewal and expansion aimed at acquiring world-class cloud contributions to the market and helping businesses accelerate their digital transformations. As part of the agreement, Telefónica Tech will expand its Google Cloud services to the B2B market, Telefónica will adopt cloud computing for its operations, and the two companies will work together more closely on important technological advancements, such as Gen AI and artificial intelligence (AI).

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Why Is It Important?

Through its “Go to Cloud” initiative, Telefónica is leveraging Google Cloud’s innovations in areas such as information technology to further its digital transformation. The transformation of Telefónica’s activity frameworks has progressed, leading to faster application arrangement time and a better foundation. Telefónica and Google Cloud have reaped tremendous benefits from their strategic partnership arrangement over the past few years. In response, Telefónica has decided to extend the agreement for another three years and explore potential collaboration in areas like artificial intelligence (AI) and data services, using Google Cloud’s solutions to host network functions in line with a telco cloud strategy, and automating and improving Telefónica’s network operation.

Google Cloud technologies are key enablers for Telefónica’s next-generation digital product and service development. Web3, blockchain, quantum, edge computing, accelerated computing infrastructure for artificial intelligence, artificial intelligence (AI), generational artificial intelligence (Gen AI), machine learning (ML), and other areas have already been discussed and agreed upon by Telefónica and Google Cloud.

To further assist startups in their product development process innovation, cost optimization, and market expansion, Google Cloud is collaborating closely with Wayra, Telefonica’s corporate venture capital.

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Industry Comments

Enrique Blanco, Telefónica Global CTIO, stated that the extension of the partnership reinforces Google Cloud as a key partner for Telefónica in the coming years. He mentioned that many of their new services and processes would be based on the innovation, agility, scalability, and flexibility that Google Cloud provides.

Tara Brady, President of Google Cloud EMEA, expressed that Telefónica’s ambition and commitment to innovation is inspiring. She remarked that the renewed and expanded partnership is a testament to the shared vision and trust built between the two companies. She conveyed excitement about the potential of this collaboration to drive innovation, accelerate digital transformation, and create lasting value for Telefónica and its customers.

Benefits

1. The agreement boosts Telefónica’s cloud adoption and AI innovation, enhancing their network evolution strategy.

2. The partnership strengthens Telefónica Tech as a digital leader and key Google Cloud partner in Spain.

3. Telefónica will use Google Cloud’s data and Gen AI tech to drive new customer innovation projects.

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Tokyo-based blockchain technology provider Earlyworks announced a business alliance with Relic to promote new business development utilizing Web3 technology. Earlyworks currently deploys its high-speed proprietary blockchain technology Grid Ledger System (GLS).

GLS is a hybrid blockchain that combines the technical advantages of both blockchain technology and database technology. Database technology provides the traditional infrastructure for data storage, collection, organization and processing, and enables the construction of systems.

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Under this alliance, Earlyworks’ business development assets utilizing Web3 cutting-edge technology will be combined with Relic’s organizational capabilities and expertise in all phases and areas of new business development, to jointly support new business development utilizing Web3 cutting-edge technology. Earlyworks and Relic will jointly develop and widely provide a new business development scheme that addresses business issues, brand damage risks, legal and financial risks, etc., faced by large companies by linking DUALii, an incubation partner platform that allows companies to build optimal co-creation systems through flexible involvement schemes and diverse exit strategies with Earlyworks’ proprietary blockchain technology.

Market Potential and Alliance Background

The global market for blockchain, a leading Web3 technology, continues to grow every year and is expected to reach approximately $10.6 billion in 2023 and $404.1 billion in 2030. The market is expected to grow 38-fold in the seven years from 2023 to 2030, and such huge market growth is attracting more attention around the world.

On the other hand, the Japanese blockchain market is expected to be worth 142.7 billion JPY in 2023, and compared to the global market size, Japan’s market share is estimated to be about 10%.

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In Japan, the “Priority Policy Program for Realizing Digital Society ” approved by the Cabinet in June 2022 includes “Promoting Web3.0”, which in turn includes the use of NFTs (non-fungible tokens) based on blockchain technology,” and the “Web 3.0 Study Group” was established at the Digital Agency to study the future use of blockchain. Although the “Web 3.0 Study Group” has been established at the Digital Agency and has been increasing its activities, the actual business use of blockchain has yet to increase significantly.

By forming a business alliance with Relic, the Company intends to promote the development of the Japanese blockchain market and address the following issues: the high hurdles involved in correctly understanding the technical characteristics of blockchain and properly utilizing it in business, as well as a lack of human resources and know-how to take charge of new business development.

The Company has focused on new businesses development that utilizes blockchain technology in recent years, for example, by developing accompanying systems and operating services after they are launched. In July 2023, the Company was listed on the Nasdaq Capital Market in the United States. Going forward, as a Japan-based blockchain solution provider, the Company will further maximize the potential of blockchain technology for the world and vigorously promote its implementation in society.

Relic is a “business co-creation company” that supports new business development and innovation creation of Japanese companies. The “Open Innovation Business” co-creates innovation through investment in startups and joint ventures/joint ventures with large companies.

In the blockchain area, Relic has launched ReFi Lab, a business support platform utilizing Web 3.0 and blockchain technology, with Hakuhodo Key3 and others, and is conducting consortium activities. In addition, Relic’s MetaMe®️ metacommunication service, which utilizes NTT DOCOMO’s advanced technology, has developed the “MetaMe NFT Market” in collaboration with Earlyworks.

In addition, through activities over the past eight years since company’s establishment, Relic has been involved in the development of more than 4,000 companies and 20,000 new businesses. Relic also has the organizational strength to handle the full spectrum of new business development, and provide the broad and extensive support that is possible only with the largest integrated business, technology, and creative team (BTC organization) specializing in new business.

Through this partnership, Earlyworks’ assets for business development utilizing blockchain technology and Relic’s organizational capabilities and know-how for various phases and areas of new business development will be combined to jointly support new business development utilizing blockchain technology.

Joint business development support by GLS x DUALii

In today’s highly uncertain and rapidly changing era, it is essential for new business development to go through a process of speedy hypothesis testing, business problem solving, and improvement based on real feedback and reactions from customers and users. However, when a large company tries to launch a new business, it is not always possible for the company to properly promote the above process due to various reasons and restrictions. Many of the new businesses being considered by large companies face a combination of problems, such as “slow business development speed,” “forced withdrawal and failure to commercialize,” “no significant growth even if commercialized,” “significant risk of brand damage,” and “too high indirect costs incurred when entering new business areas.” The problems are compounded by such issues as “slow business commercialization,” and “slow business growth even after commercialization”.

Relic offers DUALii as a solution to the above problems faced by large companies, in which Relic acts as the operating entity to launch the business after hypothesis testing, and in terms of organizational design and financing, Relic can construct a flexible and optimal scheme and management system according to the business phase and business content.

By combining DUALii with Earlyworks’ GLS, which has blockchain technology characteristics and high processing performance, a new business model utilizing advanced Web3 technology can be realized with a flexible structure and high technical capabilities.

Examples of partnerships

• Joint support for new business development by organically combining the services of both companies (GLS x DUALii)
• System integration of services and products of both companies
• Joint development of new business development support solutions/products

GLS has high processing power like a database, ease of implementation and high customizability, as well as the blockchain’s characteristics of tamper-resistance and convenience.

Main features of the GLS

• high processing speed
• parallel processing and auto-scale functions
• high tamper-resistance
• zero server downtime
• versatile applications
• enabled emergency stop

what is DUALii?

DUALii is an incubation partner platform that enables large companies to build the optimal co-creation system for their issues and problems through flexible involvement schemes and diverse exit strategies. In addition to business planning, hypothesis testing, product and service development, marketing, sales and customer management, maintenance and operation, growth, customer success, etc., Relic takes on the roles and responsibilities as a business provider on behalf of large companies. This enables the creation of unprecedented, groundbreaking businesses that combine the concepts and assets of large corporations with the agility and execution capabilities of venture and start-up companies.

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[To share your insights with us as part of editorial or sponsored content, please write to sghosh@martechseries.com]

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Lasab Cyber Security uses computer forensic science to assist clients in recovering their cryptocurrency. The organization works with essential suppliers of skilled blockchain methods, such as trades, on-chain analysis, and research procedures. It employs broad strategies and recovers digital currency from the FX exchange.

It is known as computer forensic science in this sense, and it uses investigative and analytical methods to obtain evidence that is acceptable in a court of law. The company provides round-the-clock security services and training to financial managers, traders, digital currency reserves, block chain organizations, and other people who are exposed to or concerned about security.

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Their talents and knowledge have prevented numerous security calamities and counterfeits. Every cybercrime can be tracked with the company’s assistance. To guarantee that a person’s transactions are safe and secure, Lasab Cyber Security provides crypto forensic services to companies, law enforcement, regulators, and individuals. The cryptocurrency market has been projected by increasingly well-known crypto firms to be worth billions of dollars. But even as people invest and create safe futures, they still have to deal with cybercrime challenges. Using millions of assets, the organization assists in investigating into specific crypto addresses, activities, and entities and connects them to real-world performers.

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Lasab Cyber security makes specific network visualizations of wallets and the trades that occur inside them. Through its Exposure Trails, clients can explore new information and data and see their results in a visual way. The organization equips each client with comprehensive information on every aspect of the digital forensic industry and provides consultations on forensic computers on a range of themes. Furthermore, the group of professionals collaborates directly with the customers to comprehend their needs in order to support and retrieve money from digital cryptocurrency resources. In addition, the group of skilled investigators, legal advisors, attorneys, and computer specialists has a strong grasp of technological and investigative elements to provide their clients excellent services and precise outcomes. The experts benefit their clients in a variety of specific sectors.

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Selected participants in the initiative will gain access to ChainGPT’s suite of AI-powered blockchain tools, including its APIs and SDKs, enabling streamlined development and scalability

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Blockpass is excited to announce a partnership with AYA, a regulated UAE-based fundraising platform focused on the intersection of blockchain and sustainability. Concerned with facilitating innovative solutions which encourage a greener future, AYA mentors and cultivates projects which combine the borderless, transparent nature of blockchain to further the goal of sustainablility and achieving the SDGs.

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This partnership will see Blockpass strengthening AYA’s compliance procedures and providing: risk assessment and risk classification of onboarding customers, customized forms based on the customer’s and regulator’s requirements, regular rigorous wallet compliance checks to protect user transactions, and evaluation of risks associated with wallets to ensure the absence of fraudulent and suspicious transactions. This will involve the gamut of Blockpass’ products, including KYC, KYB and AML solutions, the new Advanced KYC Bot, ongoing monitoring, and Blockpass’ Unhosted Wallet KYC.

Blockpass, known as “Web3’s OG Identity Verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.

AYA is the Middle East and North Africa region’s first fully regulated Climate Finance Platform, regulated by Dubai’s Virtual Assets Regulatory Authority (VARA) in 2023. Built on blockchain technology, AYA focuses on helping climate tech projects raise capital from its community of investors, utilizing carbon and nature-based credits as assets. AYA will leverage its team’s experience from building and running Enjinstarter – an extensive crowdfunding platform focused on gaming, entertainment, and the metaverse – to curate a nurturing ecosystem of mentorship, funding and collaboration where trailblazers can leave a lasting legacy of sustainability for future generations.

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“Through our strategic partnership with Blockpass, we at AYA reaffirm our commitment to upholding the highest standards of AML and KYC practices in the industry. This collaboration underscores our dedication to fostering a secure, compliant, and trustworthy environment for our users, laying the foundation for a more responsible and sustainable future in the virtual asset space.” said Vasseh Ahmed, Managing Director of AYA.

“We’re delighted to be working with a company that is so focused on the future of both blockchain technology and the planet.” said Blockpass CEO Adam Vaziri. “We have previously worked with Enjinstarter and it’s an honor to be chosen once again to work with such a visionary team on such an important project.”

By working together, Blockpass and AYA will ensure that the sustainable futures of blockchain technology and the world are secured against identity fraud and money laundering. In ensuring regulatory compliance, Blockpass will help AYA grow and flourish as it seeks to nourish suitable projects and innovate in a responsible manner.

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In a groundbreaking move at the intersection of artificial intelligence and blockchain, Asia Innovations Group Limited (“ASIG” or the “Company”) & AI3 Labs proudly unveil a new partnership, building the world’s first live-streaming interactive NFTs powered by Generative AI. The Company will integrate AI3 Labs’ AI NFT products directly into its ecosystem of social entertainment apps that have over 700 million registered users across 150 regions. The new platform, spearheaded by cutting-edge rollup technology is developed in partnership with Caliber Venture Builder and introduces a suite of groundbreaking features set to transform the Web3 application domain.

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AI3 will use Caliber’s proprietary technology to deliver an intuitive Web2-like experience, facilitating gasless transactions and incorporating embedded wallet technology, made feasible through Account Abstraction and significantly reduced transaction costs. The roll-up technology, designed for scalability, currently supports 5,000 transactions per second (TPS) and is on a trajectory to exceed 100,000 TPS by 2025.

Caliber is led by Dr. Luu, a distinguished figure in the blockchain arena with a Ph.D. in Computer Science. “The key to welcoming the next billion Web3 users is through speed and low transaction costs”, said Dr.Luu. “We’re delighted that AI3 Labs has adopted this technology, empowering creators to fully own and monetize their work.”

The overarching goal of AI3 Labs is to decentralize the economic gains derived from AI creations by orchestrating them on a blockchain, ensuring optimal benefits for individual AI content creators.

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For AI3 Labs the upcoming live-streaming interactive NFT platform is just the beginning, with a planned migration to its own Layer 3 AI3 hyperchain later this year. This transformative initiative is poised to redefine the standards of Web3 applications, ushering in a new era of accessibility, efficiency, and user experience to bring the next billion users on-chain.

Asia Innovations Group (ASIG) is a global leader in mobile social platforms, with a mission to enrich lives through innovative and enjoyable live social products. With over 700 million registered users across 150 regions, ASIG continues to expand its influence in the social entertainment industry. Its portfolio includes Uplive, CuteU, Lamour, and other rapidly growing live social apps, all aimed at fostering meaningful human connections and offering unique experiences in emerging markets.

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