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Bluetooth SIG Introduces True Distance Awareness New Secure, Fine Ranging Feature Enhances Bluetooth® Connected Devices

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KIRKLAND, Wash., Sept. 3, 2024 /CNW/ — Today, the Bluetooth Special Interest Group (SIG), the organization that oversees Bluetooth® technology, announced the release of Bluetooth® Channel Sounding, a new secure, fine-ranging feature that promises to enhance the convenience, safety, and security of Bluetooth connected devices. By enabling true distance awareness in billions of everyday devices, Bluetooth® Channel Sounding opens countless possibilities for developers and users alike.

“Bluetooth® technology has become an ingredient of everyday life,” said Neville Meijers, CEO, Bluetooth Special Interest Group. “When connected devices are distance-aware, a range of new possibilities emerge. Adding true distance awareness to Bluetooth technology exemplifies the ongoing commitment of the Bluetooth SIG community to continuously enhance our connection with our devices, one another, and the world around us.”

The new feature has the potential to introduce transformative benefits across various applications.

Bluetooth® ‘Find My’ Solutions

In addition to Bluetooth® tags that can be attached to personal items such as keys, wallets, backpacks, or luggage, a rapidly increasing number of Bluetooth devices now embed ‘Find My’ capabilities, introducing the possibility of any Bluetooth connected device becoming a ‘Find My’ device. Using Bluetooth® Channel Sounding, developers can soon add true distance awareness to a ‘Find My’ device, improving the accuracy and user experience of these solutions and making it significantly easier and quicker for users to locate lost items.

Bluetooth® Digital Key Solutions

Everything from cars, doors, gates, safes, and bikes are turning to Bluetooth® technology to enable keyless access and provide a more secure locking mechanism. Developers can use Bluetooth® Channel Sounding to enhance the security and user experience of digital key solutions, ensuring a lock only opens when the authorized device is within a certain distance.

“We look forward to adding this new feature to our upcoming Bluetooth Digital Key specification,” said Feng, Yunsheng, Chief Secretary of the Intelligent Car Connectivity Open Alliance (ICCOA). “The adoption of Bluetooth® Channel Sounding will help the ICCOA continue to deliver greater convenience, performance, and security to drivers and passengers worldwide.”

“The ICCE is committed to developing industry standards and fostering cross-industry collaboration to enable seamless intelligent in-car services,” says Chief Secretary Mr. Ren Feng of the Intelligent Car Connectivity Industry Ecosystem Alliance (ICCE). “We are therefore studying the addition of Bluetooth® Channel Sounding technology as one of the ranging methods in the ICCE car key standard and we look forward to integrating it.”

Beyond ‘Find My’ and digital key solutions, Bluetooth® Channel Sounding also has the potential to bring benefits to additional applications, transforming the way we interact with our connected world.

“Bluetooth® Channel Sounding will apply to consumer, enterprise, and industrial settings alike,” said Andrew Zignani, Senior Research Director, ABI Research. “Imagine Bluetooth mice, keyboards, and game controllers that can automatically switch between active and inactive states based on their distance from a laptop. In industrial settings, distance aware Bluetooth Human-Machine Interface (HMI) solutions can increase personnel safety by only allowing usage from a safe distance. Meanwhile, Bluetooth device networks, such as those used for networked lighting control, can more easily self-configure to enhance system performance using this innovative technology. With well over 5 billion Bluetooth enabled devices forecasted to ship in 2024 alone, the opportunities are significant.”

Benefits

Bluetooth® Channel Sounding offers three key benefits to developers looking for an easy, safe choice for adding fine ranging capabilities to connected devices.

Accuracy: Bluetooth® Channel Sounding leverages phase-based ranging (PBR) to enable highly accurate distance measurement between Bluetooth connected devices and achieve centimeter-level accuracy over considerable distances, meeting the needs of the vast majority of applications and allowing even the simplest connected devices to take advantage of true distance awareness.

Security: As the number of connected devices grows, so does the importance of maintaining the integrity of those connections. Bluetooth® Channel Sounding deploys robust, multi-layer security that includes a secondary ranging method, round-trip time (RTT) based distance bounding, to add an extra layer of protection to counter sophisticated man-in-the-middle (MITM) relay attacks.

Ubiquity: Bluetooth® technology is already embedded in all major consumer platform devices, including smartphones, tablets, and laptops. With Bluetooth® Channel Sounding, developers will now be able to add true distance awareness to Bluetooth connected devices without having to design in an additional radio technology.

“Bluetooth® Channel Sounding is poised to bring true distance awareness to a vast array of Bluetooth devices, unlocking new possibilities for distance-aware applications across various industries,” said Joonsuk Kim, executive vice president of the System LSI Connectivity Team at Samsung Electronics. “With Bluetooth® Channel Sounding, we’re able to elevate the performance of ‘Find My’ applications by delivering centimeter-level accuracy, helping our customers find important items with greater ease. Additionally, Bluetooth® Channel Sounding enhances the security of digital key solutions, providing an extra layer of protection for keyless entry users. These are just a few examples of the transformative potential of Bluetooth® Channel Sounding, with many more possibilities waiting to be realized.”

Bluetooth® Channel Sounding is one of the new features included in the recently adopted Bluetooth Core Specification Version 6.0. For more information about Bluetooth® Channel Sounding and its potential applications, please visit bluetooth.com/channelsounding.

About Bluetooth® Technology

Embedded in more than 5 billion products shipping each year, Bluetooth® technology is the global standard for simple, secure wireless communication and positioning. Since its introduction in 1998, Bluetooth technology has created connections that have established new markets, shaped culture, and enriched lives. What began as a simple wire replacement technology has become the invisible thread that makes our lives safer, more productive, and more joyful.

About the Bluetooth SIG

Formed in 1998, the Bluetooth Special Interest Group (SIG) is the not-for-profit membership organization that oversees Bluetooth® technology, the most widely deployed wireless standard in the world. The Bluetooth SIG is a unique blend of an international standards development organization, product certification body, patent and trademark license administrator, and industry trade association. In partnership with its more than 40,000 member companies, the Bluetooth SIG is continually enhancing the technology to redefine what is possible using wireless communication.

Media contact:
Phoebe Nelms at Publicis Pro for Bluetooth SIG
phoebe.nelms@publicispro.com

View original content:https://www.prnewswire.com/news-releases/bluetooth-sig-introduces-true-distance-awareness-new-secure-fine-ranging-feature-enhances-bluetooth-connected-devices-302235876.html

SOURCE Bluetooth SIG

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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58 mins ago

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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58 mins ago

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/kucoins-alicia-kao-shares-insights-on-how-ai-is-accelerating-mass-crypto-adoption-at-token2049-singapore-302253908.html

SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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58 mins ago

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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