Web3 and Identity Risks
Web3 technology, in its current form, does not inherently provide direct mechanisms for identifying individuals. Web3 primarily focuses on decentralization, data ownership, and user empowerment. However, there are certain ways in which Web3 can be utilized in conjunction with other technologies to enhance user identification and authentication processes. Here are a few examples: Self-Sovereign Identity […]
Continue reading
Coming CBDC Security Challenges
Central Bank Digital Currencies (CBDCs) are designed to be secure and resistant to hacking attempts. However, like any digital system, there is always a potential risk of cyberattacks. While it is challenging to provide absolute guarantees against hacking, CBDCs employ various security measures to mitigate these risks. Here are some key factors that contribute to […]
Continue reading
AI x CBDCs
AI can play a significant role in the implementation and utilization of Central Bank Digital Currencies (CBDCs) in several ways. Here are some examples of how AI can be employed in conjunction with CBDCs: Transaction Monitoring and Fraud Detection: AI algorithms can analyze transaction data within CBDC systems to detect suspicious or fraudulent activities. Machine […]
Continue reading
Blockchain x AI
Blockchain is a decentralized and distributed ledger technology designed to securely record and verify transactions across multiple parties without the need for a central authority. It was initially developed as the underlying technology for cryptocurrencies like Bitcoin. However, blockchain technology has found applications beyond cryptocurrencies and has the potential to be integrated with AI systems. […]
Continue reading
Decentralized Technologies Integration Developer Grant
Introducing the Decentralized Technologies Integration grant program. A program focused on integrating traditional software applications with new decentralized technologies using Open’s infrastructure stack. Recall we launched multiple developer initiatives in the past, including the Open Technology Stack Development Program, which awarded funds to teams using Open’s infrastructure stack. This grant program is designed to increase […]
Continue reading
CBDCs: The Offspring of Blockchain and Decentralized Technologies
Blockchain technology has continued to evolve rapidly, transforming various industries and revolutionizing traditional systems. Before exploring the challenges with CBDCs, we will dive into the more recent developments in decentralized blockchain technologies, exploring the major advancements and challenges that have emerged over the years. Scalability Solutions: One of the key challenges facing blockchain adoption has […]
Continue reading
2022 OPEN Year End Report
Over the last 6 years since we launched in 2017, OPEN has consistently developed and managed its open source infrastructure. 2022 was no different, however we were quite busy with our new releases, developments, updates and management of our stack which we’ll cover in depth in this report. Although things are getting more challenging, thankfully […]
Continue reading
Open Platform WooCommerce Integration
Open Platform, in conjunction with Open State, allows you to access powerful interoperability features that can help grow your online business. Beyond a proof of concept, we have created the Open Platform Payment Gateway plugin in WordPress for WooCommerce. So, if you are an ecommerce application developer or have an ecommerce application that sells products, […]
Continue reading
Launching Open Commerce
In consistent Open fashion we have produced the work available publicly on Github before making a marketing announcement on our blog regarding an exciting development we have consistently been developing – Open Commerce. Like all of our past developments, it is available for developers to use on their applications now on Github ahead of our […]
Continue reading
An Overview of OPEN State and Other Technical Updates
Hello OPEN Community, We would like to provide an update on OPEN State, the crucial role it plays in providing interoperability, and an overview of other technical developments that we have been working on. The Current Landscape The number of digital assets and blockchains is growing rapidly. However, blockchains and related solutions remain isolated, operating […]
Continue reading