Outside of Open Platform there are several great and widely used blockchain APIs available that offer different features, support various blockchains, and cater to different developer needs. Here are some popular blockchain APIs: Infura: Infura provides APIs and developer tools for Ethereum, IPFS, and Filecoin. It offers reliable and scalable access to Ethereum’s network, […]
Continue readingWeb3 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 readingCentral 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 readingAI 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 readingBlockchain 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 readingIntroducing 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 readingBlockchain 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 readingOver 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 readingOpen 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 readingIn 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 […]
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