WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar.
It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.
The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).
WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.
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OneSpan is a Web3 platform that offers a dedicated eClosing solution designed to digitize and secure the entire lifecycle of high-value digital agreements, particularly in the mortgage and lending industries. The platform streamlines the closing process by enabling remote online notarization (RON), electronic signatures, and identity verification, all within a secure and compliant digital environment. A central component of this solution is the OneSpan eVault, a specialized repository for managing the authoritative copy of critical digital documents, such as promissory notes (eNotes).
To provide an unparalleled level of trust and auditability, OneSpan has integrated its platform with ProvenDB, a data integrity service built on the Hedera network. When a document is signed or a key milestone is reached in the eClosing process, a cryptographic fingerprint (hash) of the agreement is anchored to the Hedera public ledger. This action, facilitated by ProvenDB, creates a permanent and immutable timestamped record on the Hedera Consensus Service (HCS).
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The Lumos Labs Hatch Accelerator is a program dedicated to fostering the growth of early-stage Web3 startups in India. Run by Lumos Labs, a Singapore-based innovation management firm, the accelerator is designed to identify and support promising projects that are building the next generation of decentralized applications.
The four-month program provides a comprehensive support system for participating startups. This includes mentorship from industry experts, a series of workshops covering various aspects of business and technology, and access to a wide network of investors and partners. The primary goal of the accelerator is to help these startups refine their products, achieve product-market fit, and scale their operations in the competitive Web3 landscape.
The Hatch Accelerator is a direct collaboration between Lumos Labs and the HederaHBAR Foundation, and it is specifically focused on expanding the Hedera ecosystem. The HederaHBAR Foundation provides the grant funding for the accelerator, demonstrating a significant commitment to nurturing the developer community and driving the adoption of the Hedera network in the rapidly growing Indian Web3 market.
Chainabuse is a community-powered scam reporting platform operated by blockchain intelligence company, TRM Labs. It was launched in 2022 to give users a means to report and track fraudulent activity across the crypto ecosystem. The platform's mission is to make the digital economy a safer place by providing a centralized and public forum for sharing information about scams, hacks, and other malicious activities.
The core service of Chainabuse is a free-to-use, multi-chain reporting tool. It allows anyone to submit reports on illicit activities, including malicious crypto addresses, websites, and social media accounts. These reports are made public in a searchable database, creating a valuable resource for the community to proactively check for potential threats before engaging in transactions. By consolidating reports and enabling users to contribute additional information, Chainabuse helps to identify and expose larger fraud networks.
Chainabuse is a founding Hedera partner. Its platform supports the reporting of scams on the Hedera network, allowing users to flag malicious activity involving HBAR or other Hedera-based assets. This provides a critical layer of security for the Hedera community, enabling users to make more informed decisions and helping to protect the ecosystem from bad actors.