Noviqtech is technology firm focused on carbon accounting and supply chain transparency. The company's product offerings include “Carbon Central” and “Noviq AI.” Carbon Central is focused on managing and centralizing carbon-related data and accounting processes for businesses. Similarly, Noviq AI offers exceptional end-to-end transparency and confirmation of product authenticity and processes throughout the entire value chain through the use of artificial intelligence within the firm's service portfolio, thus enhancing data processing, analytics, and decision-making capabilities for core services.
Its platform relies on three key service pillars. The first pillar, “guarantee of origin,” seeks to prove the origin of green resource production in order to highlight sustainability by tracking and tokenizing green hydrogen, sustainable aviation fuel, biodiesel, biochar, and related assets while aligning with industry standards and methodologies. The second, “carbon reporting,” allows users to measure, manage, and tokenise project assets and to effortlessly report and track carbon reduction and avoidance. This allows users unlock revenue opportunities through carbon tokenisation. The third pillar, “supply chain traceability,” allows users to track products throughout their lifecycle, ensuring authenticity and building client trust by highlighting supply chain transparency and demonstrating sustainable and ethical practices.
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Apache Log4j is an open-source, Java-based logging utility used by developers to record application events, errors, and operational data. It is a popular tool for debugging, system monitoring, and conducting audits across myriad Java platforms.
In the Hedera ecosystem, the log4j2-hedera repository offers a specific integration for Log4j 2.x and provides a custom appender that enables recording of logged events directly to the Hedera network via the Hedera Consensus Service (HCS). This allows applications to interact with HCS to submit their log entries, effectively writing them onto Hedera's distributed ledger.
The primary benefits of this integration include ensuring that logged data is distributed, secure, and transparent providing provable security. Furthermore, it guarantees the integrity and immutability of the recorded log information, as each entry is validated by Hedera’s consensus mechanism. This specialized appender provides a robust solution for applications requiring verifiable, tamper-resistant logging. This use case is distinct from how Hedera's core network software and provides additional verification.
Shinhan Bank is one of South Korea's largest and oldest commercial banks, with a history dating back to 1897. It offers a comprehensive range of financial services, including personal and corporate banking, foreign exchange, wealth management, and investment banking with a focus on digital innovation. It is a member of the Hedera Governing Council.
Its parent company is the Shinhan Financial Group, a major financial holding company in Korea with a significant domestic market share and an expanding international presence across Asia, Europe, and North America.
Shinhan Bank offers a blockchain-based loan management platform through a partnership with the Small Business Market Promotion Corporation (SEMAS). It has also launched a blockchain credentialing system for verifying loan documents and an integrated blockchain-based Decentralized ID (DID) for its mobile banking app, SOL.
Additionally, Shinhan Bank previously partnered with Standard Bank to develop a cross-border remittance system using stablecoins built on the Hedera distributed blockchain network. This enables the issuance and trading of stablecoins pegged to national currencies such as the South Korean won and South African rand utilizing Hedera's Token Service (HTS) and Consensus Service (HCS).
Union Finance is a non-KYC peer-to-peer permissionless protection marketplace that allows users to mitigate risks associated with decentralized finance (DeFi) through the purchase of downside protection services. It also offers users the option to provide liquidity to the platform for the purpose of earning premiums from those seeking protection. Union’s state-of-the-art protocol has integrated capabilities built to secure multi-layer risks across smart contracts and protocols in a single-stop scalable system.
Union Finance’s platform offers distinct products to address different risk scenarios. These include C-OP (collateral optimization and volatility protection), a service aimed at mitigating the risks associated with holding cryptocurrencies over extended periods, and U-CDS (Union crypto default swaps), which provide protection against specific adverse events such as smart contract exploits and oracle attacks.
The firm’s services are targeted towards individuals and entities involved in the DeFi space who require tools to safeguard their investments and strategies over both short and long-term programs.
Union Finance has established a range of partnerships across the blockchain and DeFi ecosystem, including UniLend, Waves, Avalanche, BlockScience, Kleros, and Router, as well as the Hedera blockchain network.
