Technology

Version 3.0 of Hyperledger Fabric, an LF Decentralized Trust Project, Now Available

Published

2 months ago

September 16, 2024

Milestone Release Delivers BFT, Provides Performance, Speed, Privacy, and More for Enterprise Deployments; Continues Market Leadership as Part of New LF Decentralized Trust

SAN FRANCISCO and VIENNA, Sept. 16, 2024 /PRNewswire/ — Today, Linux Foundation Decentralized Trust, the premier open source foundation for decentralized technology ecosystems, announced the general availability of Hyperledger Fabric 3.0, which includes Byzantine Fault Tolerant consensus that delivers true decentralization for enterprise blockchain deployments. Now a project of the newly launched LF Decentralized Trust, Hyperledger Fabric is a modular, enterprise-grade blockchain framework that is optimized for performance, speed, and privacy.

Powerful new consensus option increases the resilience and reliability of Hyperledger Fabric networks

Hyperledger Fabric 3.0 builds on the performance enhancements introduced in version 2.5, the current LTS release. It also offers a powerful new consensus option, Byzantine Fault Tolerant (BFT) ordering service, which increases the resilience and reliability of Hyperledger Fabric networks. Specifically, Fabric 3.0 is the first blockchain platform to leverage the SmartBFT protocol, which is both easy to implement in existing networks and well suited to production enterprise deployments.

With the SmartBFT ordering service, enterprises using Hyperledger Fabric 3.0 are able to continue operations even if nodes are compromised, a critical requirement for fully decentralized systems. Consensus protocols assure that all parties process transactions in the same order, which is what preserves the integrity and consistency of a decentralized system. When a node is compromised (a Byzantine Failure), it can impact integrity and bring the system to a halt. In this release of Fabric, with the integration of the SmartBFT consensus library, enterprises have the option for production-ready protection against such failures.

“Support for Byzantine Fault Tolerance completes one of the early visions for Hyperledger Fabric’s unique execute-order-validate modular architecture,” said David Enyeart, Hyperledger Fabric Maintainer and Release Manager at IBM. “While peer nodes have always executed and validated transactions in a decentralized fashion, the new support enables various network participants to provide ordering service nodes without having to place trust in any single organization. The new support opens up use cases where resilience and reliability are critical for every aspect of the distributed system.”

“Hyperledger Fabric has been a source and center of innovation for enterprise blockchain since the market’s earliest days,” said Daniela Barbosa, General Manager of Decentralized Technologies at the Linux Foundation and Executive Director of LF Decentralized Trust. “With this 3.0 release, the Fabric community has once again developed powerful new features that are critical for large-scale industry adoption. Around the world, blockchain is quietly moving into the core of enterprise systems. As the market’s most mature enterprise DLT platform, Hyperledger Fabric is leading the way, powering a wide range of critical decentralized systems and applications. The impact and innovation of Fabric make it an integral piece to both the enterprise market and the newly formed LF Decentralized Trust.”

To support the widespread adoption of Hyperledger Fabric, LF Decentralized Trust also announced that Fujitsu has completed the requirements to become the newest Hyperledger Fabric Certified Service Provider. There are now 16 Certified Service Providers that have the documented expertise to provide support, consulting, professional services, and training for enterprise deployments of Hyperledger Fabric technology.

Additionally, a new training course, Hyperledger Fabric Mastery: Design, Develop and Deploy, will open for registration soon.

Community quotes

“Since 2018, Circulor has pioneered the use of Hyperledger Fabric to build decentralised trust in complex industrial supply chains. To make the energy transition possible, this type of approach and technology is particularly needed in the areas of critical mineral extraction, processing, recycling, and production. Hyperledger Fabric continues to be regarded as the enterprise standard blockchain, and advancements such as these help industrial collaboration, especially in building more resilient, responsible, and sustainable supply chains.” – Douglas Johnson-Poensgen, CEO of Circulor

“Hyperledger Fabric v3.0 marks a significant leap forward in enterprise blockchain technology. With the introduction of the Byzantine Fault Tolerant (BFT) ordering service, Espeo Software expects an enhancement in the resilience and security of our DLT solutions. The release reflects the growing maturity and evolution of Hyperledger Fabric and the project ecosystem hosted by LF Decentralized Trust. Here at Espeo Software, we are eager to leverage these advancements to deliver more robust blockchain projects for our clients.” – Dominik Zyskowski, Consulting Director, Espeo Software

“At Fujitsu, by operating from several centers of excellence in regions such as Iberia, India, and Japan, we gain a global perspective that allows us to better understand both local businesses and those with international structures. This enables us to offer more accurate and tailored solutions and now we are better equipped than ever to help clients embrace blockchain as a core part of their enterprise strategy. The release of Hyperledger Fabric 3.0 enhances our ability to address the challenges of our clients with cutting-edge blockchain technology, while also allowing us to securely and efficiently integrate blockchain with other technologies such as AI, ML, and IoT, solidifying our role as the ideal partner for their digital transformation on a global scale. Hyperledger Fabric’s new features support our mission to deliver scalable, secure, and robust decentralized solutions, making us the ideal partner for organizations looking to integrate blockchain seamlessly into their operations. Together, we are moving toward a future where blockchain enhances every aspect of enterprise systems.” – Marcos Carrera, Head of Blockchain & Web3, Fujitsu

“At Hitachi, we’ve been hands-on in the development and deployment of Hyperledger Fabric since day one. With each new release, Hyperledger Fabric has helped advance the enterprise blockchain market. It is already the backbone for highly-reliable blockchain applications around the world. Now, version 3.0 adds a new, highly anticipated level of resilience that will fuel more applications and wider adoption.” – Kei Fukuta, Director of Blockchain Planning Department at Hitachi and LF Decentralized Trust Governing Board Member

“Data integrity and transparency are critical to AI’s true scale and adoption. Hyperledger Fabric 3.0 brings robust industrialization for organizations to use blockchain as a data integrity and data trust layer for their AI initiatives. IBM’s contribution to the Fabric 3.0 release continues with its commitment to supporting clients to deploy at scale.” – Shyam Nagarajan, Global Partner, Responsible AI, IBM Consulting

Oracle customers have been using Hyperledger Fabric as part of the Oracle Blockchain Platform since 2018. Hyperledger Fabric 3.0 is a significant advancement for permissioned enterprise blockchains. As our customers focus on high-value decentralized applications in central bank digital currencies, real-world assets, deposit tokens, and other forms of digital assets, there’s greater desire for Byzantine Fault Tolerant consensus support. SmartBFT consensus option enables greater resilience against fraud and malicious attacks, and it couldn’t be timelier. This enhanced level of resilience and security will be welcomed in financial services and other industries, and will hasten their adoption of tokenization solutions in permissioned blockchain networks.” – Mark Rakhmilevich, vice president, Product Management, Mission-Critical Systems, Oracle

About Linux Foundation Decentralized Trust
LF Decentralized Trust is the neutral home for the open development of technologies that empower organizations to innovate with secure and resilient code. It is the Linux Foundation’s flagship organization for a broad range of technologies and standards that deliver the transparency, reliability, security, and efficiency required for a digital-first economy. Supported by a diverse, global base of members and communities, LF Decentralized Trust champions open source best practices across a growing ecosystem of blockchain, ledger, identity, cryptographic, and related technologies. To learn more, visit: www.lfdecentralizedtrust.org.

About the Linux Foundation
The Linux Foundation is the world’s leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects, including Linux, Kubernetes, Node.js, ONAP, OpenChain, OpenSSF, PyTorch, RISC-V, SPDX, Zephyr, and more, are critical to the world’s infrastructure. The Linux Foundation focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.

Contact:
Emily Fisher
LF Decentralized Trust
PR@lfdecentralizedtrust.org

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SOURCE LF Decentralized Trust

Technology

Todd Tucker joins Parking Revenue Recovery Services as Chief Operating Officer to Guide Growth as PRRS expands as a Vehicle Identification and Monitoring Technology Platform

Published

18 minutes ago

November 15, 2024

DENVER, Nov. 15, 2024 /PRNewswire/ — Parking Revenue Recovery Services (PRRS), Inc., a leader in AI-driven compliance and vehicle activity monitoring, is pleased to announce the appointment of Todd Tucker, JD, DBA, CAPP, CPP, as its new Chief Operating Officer, effective November 15, 2024. With over 30 years of experience in the parking industry, Tucker is a recognized leader, having held various senior executive roles. Todd assumes the role of Chris Conley, who has decided to retire and enjoy some well-earned time after 30 years in the parking industry.

Before joining PRRS, Tucker served as President at Parking Logix and has been a leader in multiple tech companies focused on mobility solutions, with two leading to strategic and/or investment transaction outcomes Todd’s experience as a parking operations leader/expert and his roles spearheading the development and growth of innovative technology offerings focused on parking provide him with a unique ability to build solutions that meet the needs of today’s parking operations.

PRRS is uniquely positioned in gateless parking technology solutions through its machine vision-based technology, which identifies all vehicle activity, enhances compliance, and enables clients to expand their service capabilities. Our technology allows clients to gather valuable insights into operation and consumer activity while helping our clients improve their customer experience. With Tucker’s extensive expertise in parking technology and leadership, PRRS aims to broaden its services across North America, solidifying its status as the premier provider of gateless technology solutions to operators and facilities.

“Todd’s proven track record of driving innovation and his dedication to enhancing technology-based services make him the ideal candidate to lead PRRS into its next growth phase,” said Gabor Burchner, Managing Director, GB & Partners IM. “As the demand for adaptable technology solutions providers continues to rise, Todd’s leadership and collaborative approach will be invaluable.”

PRRS, in partnership with Asura, has successfully implemented the ARC solution and its compliance services at over 400 parking sites across 29 states. With ongoing investment from GB & Partners IM, PRRS is set to expand beyond its current identity as a “parking notice firm” to become the leading gateless technology solution for the future.

“I am thrilled to join PRRS and enhance the value we provide to our parking operating partners,” said Todd Tucker. “Throughout my career, I’ve consistently sought to challenge the status quo by delivering innovative solutions in an ever-evolving industry. PRRS is at the forefront of leveraging technology to enhance its services, and with GB & Partners IM participation, we will continue to deliver exceptional value to the parking sector and beyond. I look forward to joining the PRRS team and collaborating with our clients to push boundaries and innovate in compliance and facility monitoring services.”

About Parking Revenue Recovery Services

Parking Revenue Recovery Services, Inc. (PRRS) is North America’s leading Parking Compliance and Facility Monitoring technology provider. PRRS is on track to provide over 1,000 parking locations and proudly supports national, regional, and local parking operators throughout the United States. Our client owners and parking operators use our monitoring and compliance services in all properties, including commercial lots and garages, municipal facilities, college and university facilities, airports, hospitals, commercial properties, and residential buildings. PRRS creates exceptional value for its parking operator clients through increased overall customer compliance and enhanced visibility into operating activity and usage while delivering excellent customer service. We maximize the value provided to our clients through excellence, innovation, and efficiency in its compliance and monitoring services, delivered by an outstanding team of parking professionals dedicated to the highest levels of customers.

About Asura Technologies

Asura Technologies specializes in next-generation video analytics and license plate recognition software, utilizing AI to create smart parking, traffic management, frictionless tolling, and safety security applications. Active globally since 2018, Asura Technologies USA collaborates with PRRS to provide highly effective, automated parking enforcement solutions through innovative technology.

About GB & Partners IM

GB & Partners IM is an independent private equity and venture capital firm focused on innovative city technologies, fashion, fintech, medical technologies, and mechanical engineering. As the largest Hungarian-based firm in its sector, GB & Partners IM offers extensive leadership experience in private equity and venture capital investments, M&A transactions, and IPOs, providing operational support to investment entities by international standards. In 2019, GB & Partners IM became the first Hungarian venture capital firm to gain membership in Invest Europe.

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SOURCE Parking Revenue Recovery Services, Inc.

Technology

Connect and Converse Across Borders with Moii: Now Available Worldwide

Published

18 minutes ago

November 15, 2024

SEOUL, South Korea, Nov. 15, 2024 /PRNewswire/ — Moii, an innovative avatar-based interest-matching conversation service developed by tech startup illuni, has officially launched globally. Available on the Google Play Store and Apple App Store, Moii offers users a unique way to meet new friends, share stories and enjoy engaging conversations. The service allows people around the globe to experience safe, interest-based connections with like-minded people, fostering a sense of community across borders. Moii exemplifies illuni’s commitment to creating immersive digital experiences through advanced artificial intelligence (AI) technology.

To create heartfelt connections, download Moii from the Google Play Store (https://play.google.com/store/apps/details?id=com.illuni.moii&hl=en-US) and Apple App Store (https://apps.apple.com/us/app/moii-heartfelt-connections/id6456406927).

Create Moiiments, Connect Globally

In a world where genuine interaction can feel rare, Moii provides a space for simple, meaningful conversations without the pressure of video or photo sharing. By connecting users based on shared interests, Moii creates a relaxed environment for spontaneous chats, whether someone is looking for a listening ear, a language exchange, or a fresh global perspective. With engaging features such as avatar costumes and singing content in virtual karaoke – introduced in a recent November update – the app continues to attract a growing user base of young adults seeking meaningful connections beyond small talk.

“Since our global launch on the 1st of November, users from over 30 countries have come together on Moii to share interests, create unique content and enjoy friendly conversations,” said Byung-Hwa Park, CEO of Illuni. “We are thrilled by the enthusiasm for Moii as people around the world find it to be a fun and welcoming platform.”

Aimed at users in their 20s and 30s, Moii allows users to interact in a fully customizable 3D environment. Instead of revealing their actual appearance, users create avatars that reflect their personalities and interests, providing a sense of anonymity, security, and comfort. Once matched, users can personalize their avatars, use conversation cards, and enjoy mini games, making every interaction fun and engaging.

With a mission to create comfortable spaces for conversation, Moii promotes cross-cultural and language exchange on a global scale. Whether users want to make foreign friends, practice a new language, or simply chat with a friendly listener, Moii offers a low-pressure, refreshing way to connect.

Looking ahead, Illuni plans to expand Moii’s language support, making it accessible to even more users across the globe.

For more information about Moii, visit https://www.moii.net/en

About illuni

Illuni is a forward-thinking startup focused on developing immersive digital experiences through advanced AI technology. The company is committed to building innovative mixed-reality services that redefine user engagement in digital spaces. Alongside Moii, illuni’s portfolio includes Storyself (https://storyself.com), an interactive storybook app that transforms users’ pictures into story characters, allowing them to become the protagonists of various tales—making it both engaging and educational for children.

To learn more about illuni and its suite of mixed-reality projects, visit: https://www.illuni.com/en

For media inquiry, please contact: illuni Communications, e-mail: contact@illuni.com

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SOURCE illuni

Technology

LONGi’s Solar Panels Enhance Sustainability in Bengaluru’s Residential Complex

Published

18 minutes ago

November 15, 2024

BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — LONGi, in partnership with SolarSquare, has completed a 342 kW solar project using advanced Hi-MO 5 solar panels for a residential apartment complex in Bengaluru.

Launched seven months ago, this solar project is set to save the residential complex up to $47,736 annually and has already generated an impressive 340,000 units of electricity. Thanks to the high efficiency of the solar modules, significant economies of scale, and the inherent advantages of rooftop solar, the project is projected to reach its break-even point within just 4.75 years.

Before the installation of the rooftop solar panels, residents faced annual electricity costs of approximately $143,305. The switch to solar energy is expected to result in annual savings between $47,768–$53,768, effectively reducing their electricity expenses by around 33%.

Nikhil Nahar, Co-founder and Director of SolarSquare, stated, “Through our strategic partnership with LONGi over the years, our customers have gained access to state-of-the-art technology for their projects. LONGi’s solar panels consistently deliver performance and help our customers save on electricity bills. With a shared vision to accelerate the mass adoption of renewable energy and enhance sustainability, our partnership has continually provided innovative solutions, earning the trust of our customers.”

LONGi remains committed to delivering advanced solar technology and helping more residential complexes achieve energy independence through its highly efficient and reliable products.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com

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