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Thinkium Announced to Launch on GitHub to Realize Partial Open Source of Key Functions

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NEW YORK–(BUSINESS WIRE)–Thinkium public chain announced to launch on GitHub, the world’s largest technology community, to realize partial open source of key functions. Thinkium concentrates on technology for five years, and has come up with a number of significant innovations.

Crypto asset is often touted as an uncorrelated asset relative to conventional asset classes like equities, bonds, etc. Over the long-term, this holds true, but in the short-to-medium term, correlations tend to fluctuate depending on market conditions and general risk appetite. In this case, the call for rationality and technical value should be paid more attention to.

Recently, Thinkium has summarize 9 breakthrough in technical aspect, including multi-layer multi-chain structure, the Aplati tree structure, a four-layer stack architecture, the Actor-based parallel processing model, Dual-coin ecosystem, Themis network consensus mechanism and etc. The innovations not only enable the cross-chain communication in high efficiency but also make chains theoretically achieve unlimited scalability. In order to bring better changes, these technologies and functions have been partially open sourced on GitHub.

In addition, Thinkium community grew immensely in June around the consensus because users realized that Thinkium is a free, decentralized and open source protocol with a reliable scalability, security, and very well maintained governance. Currently, Thinkium not only have a creative Reddit Community, but also have telegram groups from Sweden, Russia, Japan, Spain, and Australia developing with crazy speed.

How to integrate the digital world and the physical world would be the next stage of the public blockchain and Thinkium itself aims at the next stage indeed. “In 2022, the first sub chain of Themis network will be built, the DeFi infrastructure, the decentralized commerce infrastructure and the decentralized metaverse infrastructure will be running.” Milen Marinov, chairman of Thinkium foundation, revealed in an earlier interview. Furthermore, Milen released the monthly developments of technology, media and community on YouTube, the immense developing speed caused a sensation.

Contacts

Thinkium
Lucy Jones

Media Contact: [email protected]
Monthly Development: https://www.youtube.com/watch?v=RVjSRlU3fzQ
YouTube Channel: https://www.youtube.com/channel/UCssG_CUXkvetQxqP3dBGD8Q
Website: http://thinkium.io/#/

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Source: https://www.fintechnews.org/thinkium-announced-to-launch-on-github-to-realize-partial-open-source-of-key-functions/

Fintech

Basiq: Four new use cases for Open Banking’s Future

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Basiq, an Accredited Data Recipient under the CDR, has published a white paper detailing the future of Open Banking in four novel use cases.

The current implementation of the CDR across the financial services industry – or Open Banking – has facilitated a fundamental shift in the way consumers interact with their data. Not only are businesses beginning to conform to Open Banking rails, but regulatory bodies are hoping that Open Banking will yield economy-wide benefits. (The Federal Government committed $111m committed to CDR in the recent Federal Budget in the hope of fast-tracking these benefits).

By February 1, 2022, the date that ‘full data transfer for consumers’ will be available, the Open Banking rubber will really start to hit the road in Australia, following large transformation programs by Banks and major strategic shifts within Financial Technology companies.

Australia is on the cusp of a seismic shift in innovation and there are a plethora of innovative use cases that will be able to leverage the CDR consent framework and Open Banking data made available. This will mean consumers have a lot more options, in no small part because of the inevitable unbundling of a large number of products currently provided by the Big Four.

This is undoubtedly the most exciting part of the Open Banking journey.

To help surface the untapped potential of Open Banking, the paper takes a deep-dive into the following:

  • Mapping the multiple stages of open banking to each stage of the Gartner ‘Hype Cycle’, suggesting a move toward an Open and Embedded Finance model:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://australianfintech.com.au/basiq-four-new-use-cases-for-open-bankings-future/

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Fintech

Basiq: Four new use cases for Open Banking’s Future

Published

on

Basiq, an Accredited Data Recipient under the CDR, has published a white paper detailing the future of Open Banking in four novel use cases.

The current implementation of the CDR across the financial services industry – or Open Banking – has facilitated a fundamental shift in the way consumers interact with their data. Not only are businesses beginning to conform to Open Banking rails, but regulatory bodies are hoping that Open Banking will yield economy-wide benefits. (The Federal Government committed $111m committed to CDR in the recent Federal Budget in the hope of fast-tracking these benefits).

By February 1, 2022, the date that ‘full data transfer for consumers’ will be available, the Open Banking rubber will really start to hit the road in Australia, following large transformation programs by Banks and major strategic shifts within Financial Technology companies.

Australia is on the cusp of a seismic shift in innovation and there are a plethora of innovative use cases that will be able to leverage the CDR consent framework and Open Banking data made available. This will mean consumers have a lot more options, in no small part because of the inevitable unbundling of a large number of products currently provided by the Big Four.

This is undoubtedly the most exciting part of the Open Banking journey.

To help surface the untapped potential of Open Banking, the paper takes a deep-dive into the following:

  • Mapping the multiple stages of open banking to each stage of the Gartner ‘Hype Cycle’, suggesting a move toward an Open and Embedded Finance model:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://australianfintech.com.au/basiq-four-new-use-cases-for-open-bankings-future/

Continue Reading

Fintech

Basiq: Four new use cases for Open Banking’s Future

Published

on

Basiq, an Accredited Data Recipient under the CDR, has published a white paper detailing the future of Open Banking in four novel use cases.

The current implementation of the CDR across the financial services industry – or Open Banking – has facilitated a fundamental shift in the way consumers interact with their data. Not only are businesses beginning to conform to Open Banking rails, but regulatory bodies are hoping that Open Banking will yield economy-wide benefits. (The Federal Government committed $111m committed to CDR in the recent Federal Budget in the hope of fast-tracking these benefits).

By February 1, 2022, the date that ‘full data transfer for consumers’ will be available, the Open Banking rubber will really start to hit the road in Australia, following large transformation programs by Banks and major strategic shifts within Financial Technology companies.

Australia is on the cusp of a seismic shift in innovation and there are a plethora of innovative use cases that will be able to leverage the CDR consent framework and Open Banking data made available. This will mean consumers have a lot more options, in no small part because of the inevitable unbundling of a large number of products currently provided by the Big Four.

This is undoubtedly the most exciting part of the Open Banking journey.

To help surface the untapped potential of Open Banking, the paper takes a deep-dive into the following:

  • Mapping the multiple stages of open banking to each stage of the Gartner ‘Hype Cycle’, suggesting a move toward an Open and Embedded Finance model:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://australianfintech.com.au/basiq-four-new-use-cases-for-open-bankings-future/

Continue Reading

Fintech

Basiq: Four new use cases for Open Banking’s Future

Published

on

Basiq, an Accredited Data Recipient under the CDR, has published a white paper detailing the future of Open Banking in four novel use cases.

The current implementation of the CDR across the financial services industry – or Open Banking – has facilitated a fundamental shift in the way consumers interact with their data. Not only are businesses beginning to conform to Open Banking rails, but regulatory bodies are hoping that Open Banking will yield economy-wide benefits. (The Federal Government committed $111m committed to CDR in the recent Federal Budget in the hope of fast-tracking these benefits).

By February 1, 2022, the date that ‘full data transfer for consumers’ will be available, the Open Banking rubber will really start to hit the road in Australia, following large transformation programs by Banks and major strategic shifts within Financial Technology companies.

Australia is on the cusp of a seismic shift in innovation and there are a plethora of innovative use cases that will be able to leverage the CDR consent framework and Open Banking data made available. This will mean consumers have a lot more options, in no small part because of the inevitable unbundling of a large number of products currently provided by the Big Four.

This is undoubtedly the most exciting part of the Open Banking journey.

To help surface the untapped potential of Open Banking, the paper takes a deep-dive into the following:

  • Mapping the multiple stages of open banking to each stage of the Gartner ‘Hype Cycle’, suggesting a move toward an Open and Embedded Finance model:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://australianfintech.com.au/basiq-four-new-use-cases-for-open-bankings-future/

Continue Reading
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