Category: Blockchain

Quranium Launches QSafe Wallet with Core Layer (L1) Testnet: The Uncrackable Solution for Blockchain Security

Quranium, the Layer 1 DLT and DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol) setting a new standard for secure, scalable, and accessible blockchain technology, has today launched its Core Layer (L1) Testnet, along with QSafe, a quantum-secure crypto wallet purpose-built for an era of unprecedented security demands.

QSafe, an uncrackable, decentralized crypto wallet to interact with the Quranium blockchain, is available now for early adopters, who can claim test QRN tokens through the Quranium Faucet (available at faucet.quranium.org). This will enable them to explore QSafe’s functionality while positioning themselves for future ecosystem rewards and incentives planned for January 2025 and beyond.

QSafe and the Quranium Core Layer (L1) Testnet will provide users with access to a secure ecosystem where test QRN tokens can be claimed, blockchain activities validated through QRNScan, and wallet functionality tested—all within a system built to be uncrackable.

As decentralized finance and blockchain adoption expand, so do the risks associated with conventional wallets, which rely on cryptographic methods that are vulnerable super-computational power. The security risks are not merely a concern for the future—today’s data and assets could already be exposed to data harvesting attacks, where adversaries collect encrypted data now to decrypt later with advanced quantum resources.

QSafe Wallet: Features and Functionality for Early Adopters

QSafe is a decentralized, lightweight wallet available for download today. Similar to the functionality of Electrum in Bitcoin Core, QSafe allows users to securely create and manage wallets, send and receive test QRN tokens, and track transactions within the Quranium testnet. Download wallet at https://www.qsafewallet.com/

Key Features Include:

  1. Uncrackable Quantum-Secure Architecture: Built on Quranium’s Layer 1 protocol, QSafe incorporates quantum-resistant cryptographic algorithms, making it impervious to current and future supercomputing or quantum-enabled cracking attempts.
  2. Seed Phrase-Based Security: Users can create or import wallets using secure seed phrases, ensuring privacy and full control over their testnet assets.
  3. Lightweight Design: QSafe does not require users to download the entire Quranium blockchain, providing a fast, lightweight experience without sacrificing security or decentralization.
  4. Comprehensive Transaction Management: Users can send and receive test QRN tokens, track transaction histories, and view detailed blockchain metadata—all within the wallet.
  5. Access to Testnet Incentives: Early adopters can claim test QRN tokens through the Quranium Faucet (available at https://faucet.quranium.org), enabling them to explore QSafe’s functionality while positioning themselves for future ecosystem rewards.

Core Features of the Quranium Core Layer (L1) Testnet

The Quranium Core Layer (L1) Testnet introduces users to a quantum-proof blockchain infrastructure designed to set a new benchmark in security and scalability. Key components include:

  1. Test QRN Faucet:Users can claim free test QRN tokens by visiting faucet.quranium.org and submitting their wallet addresses. Tokens are distributed securely, allowing users to test and interact with Quranium’s uncrackable network. Available at https://faucet.quranium.org.
  2. QRNScan Blockchain Explorer:Quranium’s blockchain explorer allows users to verify transactions, blocks, and metadata. QRNScan ensures transparency and provides detailed gas cost information for every activity on the network. Available at https://qrnscan.com/.

Why QSafe is the Future of Blockchain Security

Blockchain wallets and protocols have long relied on encryption standards like elliptic-curve cryptography (ECC), which are increasingly at risk of being compromised by the growing power of supercomputers and quantum computing. Unlike existing solutions, QSafe has been purpose-built to be uncrackable, ensuring user assets and data are protected against even the most advanced computational threats.

How QSafe Outperforms Competitors:

  1. Uncrackable by Design: MetaMask, Trust Wallet, and similar wallets rely on elliptic-curve cryptography (ECC), leaving them vulnerable to cracking as quantum computing advances. Research warns there is a 1 in 7 chance public-key cryptosystems will be compromised by 2026 and a 1 in 2 chance by 2031 (Cybersecurity in a Quantum World, 2015). While Chainalysis reported $3 billion lost to crypto breaches in 2022, QSafe eliminates cryptographic risks, ensuring uncrackable security today and in the future.
  2. Designed for Long-Term Security: While other wallets prioritize immediate usability, QSafe positions itself as a trusted vault for digital assets, offering long-term peace of mind in a future-proofed ecosystem.
  3. Integrated Testnet Functionality: Unlike competitors, QSafe is tightly integrated with the Quranium testnet, enabling users to interact with a transparent and secure blockchain system through features like the faucet and QRNScan.
  4. Early Incentives for Adoption: QSafe rewards early adopters with airdrops planned for January 2025, creating immediate value for users participating in the testnet stage.

Early Adoption Incentives

QSafe’s launch is an invitation to early adopters to secure their place in Quranium’s ecosystem. By downloading the wallet and engaging with the testnet, users will be eligible for exclusive airdrops in January 2025, alongside access to a blockchain infrastructure purpose-built to resist cracking attempts from current and future threats.

“QSafe is more than a wallet—it’s a fortress for your digital assets,” said Kapil Dhiman, CEO of Quranium. “By participating now, early adopters gain access to a quantum-secure system that is built to be uncrackable, while playing a vital role in shaping the future of blockchain security.”

How to Access and Use QSafe

Visit: https://qsafewallet.com/

  1. Download the Wallet:QSafe(https://qsafewallet.com/) is available for download on Windows and Linux platforms, giving users immediate access to the Quranium Core Layer (L1) Testnet.
  2. Claim Test QRN Tokens:Users can visit https://faucet.quranium.org to claim free test QRN tokens by submitting their wallet addresses.
  3. Test and Interact with the Network:Use QSafe to send and receive QRN tokens, monitor transaction history, and explore the Quranium blockchain’s capabilities.
  4. Track Blockchain Activity:QRNScan(https://qrnscan.com/) provides a transparent view of transactions, blocks, and metadata, ensuring users have complete insight into network activity.

Key Roadmap Dates

  • November 15, 2024: QSafe Wallet and Quranium Core Layer (L1) Testnet launch for public testing.
  • January 2025: Incentives, including airdrops for early adopters, will be distributed to reward network participants.
  • June 2025: The browser extension version of QSafe will launch, supporting Quranium’s Layer 1 and Crust Layer 2 for DApp integration, token swaps, and more.

Be Uncrackable with QSafe

https://qsafewallet.com/

QSafe is not just another wallet—it’s a commitment to building a future where blockchain technology is truly secure. By addressing the growing challenges posed by super-computational power and quantum computing, QSafe ensures that users can safeguard their assets in an uncrackable system that gives, without ever being at risk of giving in.

About Quranium

Quranium is the Quantum-uncrackable Layer 1 blockchain foundation for the future. Our decentralized ledger technology (DLT) infrastructure acts as a seamless, scalable bridge between Web2 and Web3, enabling digital adoption without compromising security. At the forefront of the groundbreaking new market sector known as DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol), Quranium is setting the benchmark for progress, redefining security in an ever-evolving digital landscape. We safeguard today’s data while fortifying against the threats of tomorrow.

Join us in the movement to build an uncrackable digital world, visit https://quranium.org/.

Follow Quranium on Social Media:
X (formerly Twitter): @quranium_org
Telegram: Quranium Community

For further details and partnership inquiries, please contact:
Claire Cairns or Mimi Ashmead-Bartlett
Email: Claire@quranium.org, Mimi@quranium.org 

Quranium Node Pre-sale Unveiled: Be Part of the Quantum-Uncrackable Revolution

Quranium, the Layer 1 DLT and DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol) setting a new standard for secure, scalable, and accessible blockchain technology, is thrilled to announce the presale for its groundbreaking Node Sale (visit: http://node.quranium.org/).

This exclusive opportunity allows early adopters and blockchain enthusiasts to secure their stake in Quranium’s advanced, quantum-uncrackable infrastructure, positioning themselves at the forefront of next-generation digital security.

The Node Pre-sale offers early adopters exclusive access to a future-proof ecosystem that addresses the limitations of traditional blockchain technology. Quranium’s unique decentralized ledger technology (DLT) has been designed from the ground up to counter emerging threats, including quantum computing, with a flexible, multi-tiered entry system, making cutting-edge security accessible to a diverse range of participants.

“Quranium’s Node Pre-sale isn’t just about joining a blockchain network; it’s an opportunity to be part of the foundation that will redefine what secure, scalable, and accessible decentralized technology looks like,” said Kapil Dhiman, CEO of Quranium. “As quantum capabilities emerge, Quranium is ready, providing participants with a rare chance to secure their place in an ecosystem that’s designed to meet tomorrow’s challenges.”

Presale Highlights and Participant Benefits:

Tiered Node Access: Quranium’s Node Sale offers a multi-tiered entry system with flexible access levels, ensuring participants can tailor their engagement to fit their interests and gain corresponding rewards.

Priority Whitelisting: Early adopters and active community members enjoy priority access to each tier, allowing them a competitive edge in the pre-sale and the opportunity to establish themselves as early contributors.

Exclusive Ecosystem Rewards: Node holders will receive ecosystem-based airdrops, staking rewards, and access to exclusive incentives, fostering a community that actively benefits from Quranium’s expanding ecosystem.

Node Ownership: A Dual-Opportunity Investment in the Future

By acquiring a Quranium node, participants not only gain tokens but also the privilege of transaction validation within a secure Proof-of-Stake (PoS) chain, enhancing their role as essential validators within the ecosystem. This dual investment offers both immediate token rewards and a strategic, long-term stake in the foundation of the Quranium network, aligning financial incentives with the health and stability of the network.

Upcoming Timeline and Strategic Milestones

Testnet Launch and prelaunch of QSafe Wallet: November 15th
Node Pre-sale Launch: November 15th
Node Sale Public Launch: Imminently following the Presale launch
Presale Open: Act early to secure priority access with exclusive presale benefits.
Quranium: Building an Uncrackable Blockchain Foundation

With a team of over 100 specialists from industry giants like Uber, Meta, Amazon, and Ethereum, Quranium is backed by strategic partnerships, including PwC, and has established operational hubs in Singapore, the UAE, and Switzerland. Quranium has raised $2.3 million to date, marking significant progress toward its mission of advancing digital security through blockchain.

Join the Future of Uncrackable Decentralized Security
http://node.quranium.org/
Node Sales Deck: Quranium Node Sale Deck
One Pager: Quranium Node Sale One Pager
KOL Offering for Node Sales: KOL Marketing Program
Website: www.quranium.org

About Quranium

Quranium is the Quantum-uncrackable Layer 1 blockchain foundation for the future. Our decentralized ledger technology (DLT) infrastructure acts as a seamless, scalable bridge between Web2 and Web3, enabling digital adoption without compromising security. At the forefront of the groundbreaking new market sector known as DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol), Quranium is setting the benchmark for progress, redefining security in an ever-evolving digital landscape. We safeguard today’s data while fortifying against the threats of tomorrow.

Join us in the movement to build an uncrackable digital world, visit https://quranium.org/.

Follow Quranium on Social Media:
X (formerly Twitter): @quranium_org
Telegram: Quranium Community

For further details and partnership inquiries, please contact:
Claire Cairns or Mimi Ashmead-Bartlett
Email: Claire@quranium.org / Mimi@quranium.org

Global Blockchain Show 2024: VAP Group to Host the Ultimate Blockchain Season Finale

The Global Blockchain Show is excited to announce its second edition, set for December 12 and 13, 2024, at the Grand Hyatt Exhibition Centre in Dubai. Organized by Web3 and AI consulting giant VAP Group and powered by Times of Blockchain, this two-day event promises exclusive networking opportunities with the top 1% of the Web3 community, uniting founders, solution providers, experts, and enthusiasts from across the globe.

“The upcoming show is designed to be a 16-hour mixer, offering attendees an incredible journey through the evolving world of blockchain technology, alongside the industry’s key players,” said Vishal Parmar, Founder and CEO of VAP Group.

An impressive lineup of speakers include:

1. H.E. Justin Sun – Founder / Member of the HTX Global Advisory Board, TRON / HTX Global Advisory Board
2. Yat Siu – Co-Founder and Chairman, Animoca Brands
3. Ahmed Bin Sulayem – Executive Chairman & CEO, Dubai Multi Commodities Centre
4. John Lilic – CEO, Telos
5. Dr. Marwan Alzarouni – CEO of AI & CEO, Dubai Economy and Tourism & Dubai Blockchain Center
6. Rachel Conlan – Global Chief Marketing Officer, Binance
7. Jason Allegrante – Chief Legal and Compliance Officer, Fireblocks
8. Reeve Collins – Co-Founder and ex-CEO, Tether
9. Abdulla Al Dhaheri – CEO, Abu Dhabi Blockchain Center
10. Eowyn Chen – CEO, Trust Wallet
11. Alicia Kao – Managing Director, KuCoin
12. Pierre Samaties – Chief Business Officer, DFINITY
13. Vivien Lin – Head of BingX Labs, BingX
14. Johnson Yeh – Founder, AmbrusStudio / Former CEO of China, Japan, and Southeast Asia, Riot Games / Godfather of Esports in China
15. David Chaum – CEO, XX Network
16. Jonathan Bouzanquet – Chief Strategy Officer & Founder, Playa3ULL Games
17. Jonas Werner – Founder, C1
18. David Palmer – Chief Product Officer, Co-founder, Vodafone
19. Dr. Sameer Al Ansari – CEO, RAK DAO
20. Marcello Mari – Founder & Chief Executive Officer, SingularityDAO

These and other leading figures will provide groundbreaking insights around key themes including digital currency, blockchain regulations, integration of blockchain and AI, trading in Web3, and more.

The Global Blockchain Show is co-located with VAP Group’s Global Games Show and the Global AI Show, providing attendees an opportunity to witness an AI-driven future, discover the convergence of AI, Web3 and Blockchain, as well as be a part of an ultimate gaming experience.

With over 3,000 Web3 founders, 100+ speakers, 200+ startups and companies, 200+ media representatives and 100+ investors in attendance, Global Blockchain Show’s Ultimate Blockchain Season Finale is set to be the grand finale of blockchain events this year. It will provide unparalleled networking opportunities and insights with some of the most influential voices, making it the ultimate destination for those eager to stay ahead of the curve in the blockchain landscape.

Tickets for the show can be purchased from https://www.globalblockchainshow.com/tickets/.

About VAP Group

VAP Group, established in 2013, is a Blockchain and AI consulting giant as well as a leading force in Web3 and AI solutions, offering services in PR, advertising, recruitment, content development events and media management. Flagship events organized by VAP Group include the world-renowned Global Blockchain Show, Global Games Show and Global AI Show. VAP Group drives innovation through strategic PR and influencer marketing, bounty campaigns, and global events that showcase the brightest minds in the transformative fields of Web3, AI and Gaming.

For media enquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchainshow.com.

VOY Finance Partners with GDA Capital to Accelerate Growth and Innovation in DeFi Trade Finance

 Voy Finance has partnered with GDA Capital, following their win at the Next Top Blockchain Startup competition, hosted by GDA Capital, and unlocked an investment of up to $500K. This strategic partnership is set to propel Voy Finance towards revolutionizing the traditional RWA and global trade finance industry.

RWA stands for “Real-World Assets” and refers to traditional, tangible assets such as commodities, real estate, and invoices. These assets are typically used in trade finance as collateral for loans. However, RWA-based financing can be a lengthy and cumbersome process, making it difficult for small businesses to access the necessary funds. With the use of blockchain technology, Voy Finance streamlines this process, providing faster and more efficient financing options for businesses of all sizes.

Voy Finance, a decentralized finance platform built on the Ethereum blockchain, offers users access to secure and efficient trade finance infrastructure. Traditionally, the trade finance market has been dominated by financial institutions, making it difficult for small and medium-sized enterprises to access the necessary funding for international trade. Voy Finance aims to disrupt this industry by providing a decentralized and transparent alternative.

Key Partnership Highlights:

– According to the founder of Voy Finance, Lee Tarone, this strategic partnership with GDA Capital will not only bring in necessary financial resources but also their expertise in capital markets. With GDA’s support, Voy Finance is set to expand their total value locked (TVL) and bring in a team of experienced advisors, who have completed billions in transaction value, who will guide the platform towards success.

– Lee elaborates, “I can’t wait to drive VOY to unicorn and completely upend the RWA and global trade finance scene”. This partnership between Voy Finance and GDA Capital is a significant step towards making trade finance more accessible and efficient for all businesses, big or small. With the use of blockchain technology, Voy Finance ensures secure and transparent transactions, reducing the risk for both lenders and borrowers”.

Quote from Key Executives

This partnership is a testament to the potential of decentralized finance in revolutionizing traditional industries. As blockchain technology continues to evolve and gain widespread adoption, we can expect to experience rapid expansion of decentralized solutions solving real world business challenges. By proving themselves to be a viable and efficient alternative, decentralized finance platforms like Voy Finance are paving the way for a more inclusive and accessible global economy.

“VOY Finance’s unique approach to decentralizing trade finance through blockchain technology aligns perfectly with our mission to support disruptive projects that address real-world challenges that accelerate mainstream adoption of digital assets and blockchain technology,” said Michael Gord, CEO of GDA Capital. “This partnership allows us to bring both capital and extensive expertise to a platform that is redefining access to trade finance for businesses of all sizes. We’re excited to support VOY’s journey toward transforming the RWA and global trade finance markets and look forward to helping them reach new milestones in this rapidly evolving space.”

About VOY Finance

Voy Finance is a decentralized finance platform that bridges on-chain liquidity with Tradetech through innovative real-world asset (RWA) securitization and tokenized crowdfunding. By transforming illiquid assets such as NFTs, invoices, receivables, bonds, and shares into easily tradable digital tokens, Voy Finance unlocks new liquidity streams and investment opportunities.

About GDA Capital

GDA Capital is a leading global digital asset and blockchain technology investment firm. With a diverse portfolio of investments across various sectors, GDA Capital is committed to driving innovation and providing strategic advisory services to businesses worldwide.

For more information, please contact:

Lee Tarone
Founder, Voy Finance
Email: lee@voy.finance
Website: http://voy.finance 

Michael Gord
Founder, GDA Capital
Email: michael@gda.capital
Website: www.gda.capital 

Join the Top 1% of Web3: VAP Group Presents Global Blockchain Show in Dubai

The Global Blockchain Show is pleased to announce its second edition, taking place on December 12 and 13, 2024 at the Grand Hyatt Exhibition Centre, Dubai. Organized by web3 and artificial intelligence consulting giant VAP Group, the two-day show will provide an opportunity to network with the top 1% of the web3 community by bringing together founders, solution providers, experts and enthusiasts from around the world under one roof.

“The Global Blockchain Show is more than just a one-time event. It is designed to be the ultimate blockchain mixer where attendees will go on a continuous journey through the dynamic world of blockchain technology and unwind with the ‘who’s who’ of the industry,” said Vishal Parmar, Founder and Chief Executive Officer of VAP Group.

Speakers such as:

  • Yat Siu – Co-Founder and Chairman, Animoca Brands
  • Dr. Marwan Alzarouni – CEO/CEO AI, Dubai Blockchain Center/Dubai Economy & Tourism
  • H.E. Justin Sun – Founder/Global Advisory Board, TRON/HTX Global Advisory Board
  • Rachel Conlan – Global Chief Marketing Officer, Binance
  • Mr. Ahmed Bin Sulayem – Executive Chairman and CEO, DMCC
  • Jason Allegrante – Chief Legal and Compliance Officer, Fireblocks
  • Pierre Samaties – Chief Business Officer, DFINITY
  • Marcello Mari – Founder & Chief Executive Officer, SingularityDAO
  • David Palmer – Chief Product Officer, Co-founder, Vodafone
  • Alicia Kao – Managing Director, KuCoin

… and many more will deliver groundbreaking insights and announcements at the highest level.



Themes including digital currency, blockchain regulations and web3 gaming will deep-dive into real-life applications, while workshops will provide practical ‘how-to’ frameworks, models, implementation guidance, and success metrics.

The Global Blockchain Show is the only event that gives you a 360-degree roadmap of how individuals can leverage blockchain technology effectively. And it does not stop there. Monthly virtual roundtable conferences, quarterly reports, private project meetings and much more are set to take place all year round to ensure that the story of blockchain’s impact, innovation and integration is told in its entirety.

Additionally, the Global Blockchain Show is led by a multidisciplinary advisory board, composed of industry leaders and experts such as Ida Mok, Chief Strategy Officer, W3GG, President, Women in Blockchain Asia; Christian Gleich, International Ambassador, European Blockchain Association; Nena Dokuzov, Coordinator, Strategy of Digital Transformation of Economy, Ministry of the Economy, Tourism, and Sport, Slovenia, among others. The board will regularly meet to discuss key industry developments through the year as well as be the committee steering the discussions that happen live on stage.

“With a community of over 110,000, the Ultimate Blockchain Season Finale is set to open up opportunities to network with some of the most influential voices in the industry, all gathered together in a common area,” said Vishal Parmar.

So what are you waiting for Head to: https://www.globalblockchainshow.com/tickets/ and grab your tickets to attend the grand finale of events this year.

About VAP Group

VAP Group, established in 2013, is a leading force in Web3 and AI solutions, offering services in PR, advertising, recruitment, content development, and events and media management. Led by CEO Vishal Parmar, VAP Group continues to drive innovation through strategic PR and influencer marketing, bounty campaigns, and global conferences. Their flagship events, the Global Blockchain Show and Global AI Show, showcase the brightest minds in these transformative fields. Known for its creativity and forward-thinking approach, VAP Group remains at the forefront of blockchain and AI consultancy.

For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchainshow.com

Belt and Road Summit Opened Today

Focusing on Eight Major Steps to build a connected, innovative and green Belt and Road

The ninth Belt and Road Summit, co-organised by the Hong Kong Special Administrative Region Government (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre.

The theme is Building a Connected, Innovative and Green Belt and Road. As one of the celebrations for the 75th anniversary of the founding of the People’s Republic of China, the Summit brings together over 90 policymakers and business leaders from Belt and Road countries and regions. It centres on the eight major steps President Xi Jinping announced last year to support the high-quality development of the Belt and Road Initiative (BRI) and explores cooperation opportunities for the next golden decade of the BRI.

The Opening Session featured opening remarks by John Lee, Chief Executive of the HKSAR, and welcome remarks by Dr Peter K N Lam, Chairman of the HKTDC. Special addresses were delivered by Li Yongjie, Deputy China International Trade Representative of the Ministry of Commerce of the People’s Republic of China; Gou Ping, Vice Chairman of the State-owned Assets Supervision and Administration Commission of the State Council of the People’s Republic of China; and Xiao Weiming, Deputy Secretary-General of the National Development and Reform Commission of the People’s Republic of China. A keynote address was delivered by H.E. Nguyen Hoa Binh, Permanent Deputy Prime Minister of Vietnam.

John Lee said during his opening remarks: “Green development is increasingly important in Belt and Road collaboration. Hong Kong contributes to the cause of sustainability by not only developing green tech, but also by leveraging our expertise in financial services and driving the development of green finance.  Earlier this year, we launched the world’s first multi-currency, tokenised green bond, part of our commitment to Hong Kong’s rise as a green finance hub.”

Dr Lam said: “Innovation and sustainability are key drivers of growth today. We will discuss how we can work more closely together to create a more innovative and greener Belt and Road. With its unique strengths and advantages, Hong Kong is ideally placed to foster collaboration. As the most international city in the Guangdong-Hong Kong-Macao Greater Bay Area and gateway to the vast Mainland China market, Hong Kong can facilitate many opportunities across Asia and beyond. ASEAN – our second-largest trading partner – will be a market highlight at this year’s Summit, following the recent mission we organised to Laos, Cambodia and Vietnam led by Hong Kong SAR Chief Executive John Lee.”

In her remarks, Li Yongjie said: “Under the framework of The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), the Ministry of Commerce (MOFCOM) supports Hong Kong to enhance its status as an international financial, shipping and trading centre, and to play the role of a hub and platform in the Belt and Road Initiative.  The MOFCOM will support Hong Kong in signing free trade agreements and investment protection agreements with more countries and regions, and to join Regional Comprehensive Economic Partnership as soon as possible. The MOFCOM will also support mainland and Hong Kong enterprises to strengthen information exchange, deepen cooperation on Belt and Road projects, enhance Hong Kong’s participation in the Belt and Road Initiative, and strengthen Hong Kong’s status as an international trade centre.”

H.E. Nguyen Hoa Binh said during his speech: “The global economy is experiencing significant transformations in its structure and growth model, requiring both governments and the business community to collaborate in promoting initiatives on economic cooperation and integration that support peace, cooperation and development at regional and global levels. I am confident that with the commitment and sound policies of our governments, along with the support and active engagement of the business community and by embracing a spirit of equality, openness and mutual benefit while upholding international law, the Belt and Road Initiative will continue to flourish.”

Deepening multilateral cooperation for a win-win future
Following the successful outcomes of Chief Executive John Lee’s ASEAN visit in July, organised by the HKTDC, the Summit aims to further deepen relations between Hong Kong and ASEAN as well as other emerging markets along the Belt and Road.

The Policy Dialogue, hosted by Algernon Yau, Secretary for Commerce and Economic Development of the HKSAR, focused on Multilateral Cooperation for an Interconnected World. Invited ministerial-level officials from ASEAN and Central Asia who explored opportunities for multilateral cooperation include: H.E. Lim Lork Piseth, Secretary of State, Ministry of Commerce, Cambodia; Rachmat Kaimuddin, Deputy Coordinating Minister, Maritime Affairs and Investment in Infrastructure and Transportation, Indonesia; Arman Kassenov, Vice-Minister of National Economy, the Republic of Kazakhstan.

One highlight of the first day was the Business Plenary chaired by Professor KC Chan, Chairman of WeLab Bank. This session featured Ding Yanzhang, Chairman of Power Construction Corporation of China; Clara Chan, Chief Executive Officer of Lee Kee Group; Dato’ Seri Cheah Cheng Hye, Co-Chairman and Co-Chief Investment Officer of Value Partners Group; Shinta Widjaja Kamdani, Chief Executive Officer of Sintesa Group. They discussed Hong Kong’s role in promoting multilateral business cooperation as well as strategies that global companies are adopting in response to the latest international situation. In the evening, a cocktail reception took place with welcoming and opening remarks from Dr Peter K N Lam, and Sun Yu, Vice Chairman and Chief Executive of Bank of China (HK) Limited. Algernon Yau, Secretary for Commerce and Economic Development of the Hong Kong SAR, also delivered special remarks.

The Keynote Luncheon featured a welcome address by Paul Chan, Financial Secretary of the HKSAR Government, opening remarks by Chen Liang, Chairman of the Board of Directors and Chairman of the Management Committee of China International Capital Corporation Limited, and a keynote speech by Dilma Rousseff, President of New Development Bank.

Comprehensive analyses of topical issues on the first day of the thematic breakout session
As the Belt and Road Initiative enters its next golden decade, there is increasing demand for efficient, one-stop legal and dispute resolution services. A thematic breakout session titled Building a Green, Sustainable and Innovative Silk Road through Hong Kong’s Legal and Dispute Resolution Services was co-hosted with the Department of Justice of the HKSAR. The session began with welcome remarks from Paul TK Lam, Secretary for Justice of the HKSAR Government, featuring business leaders from the Hong Kong International Arbitration Centre and law firms. Another thematic breakout session on the first day was co-hosted with the Insurance Authority, titled Role of Captive Insurance in Supporting Belt and Road Initiative.

Additionally, the Summit co-hosted the Mainland-Hong Kong Trade In Services Symposium with the Ministry of Commerce of the People’s Republic of China (MOFCOM). This symposium analysed the latest developments across various sectors, driving service innovation along the Belt and Road, with representatives from leading companies in telecommunications, AI and professional services. The Symposium also features a pavilion brought by MOFCOM, which brings together exhibitors in the fields of green technology, business services and cultural trade to showcase China’s achievements in trade in services to global buyers, and to build a platform for collaboratively exploring the international market.

Debut Green Chapter highlights Hong Kong’s green advantages
This year’s Summit introduces a new Green Chapter, featuring a series of thematic breakout sessions related to green construction, innovation and finance, allowing participants to explore ways of developing green businesses leveraging Hong Kong as a platform.

The Charting Green Development for a Connected World session discussed strategies for optimising green infrastructure development. It was co-hosted by the China International Contractors Association. The speakers at this session were:  Chen Zhong, Vice General Manager of China Communications Construction Group Limited; Harry Lai, Executive Director of Hong Kong Green Building Council; Wu Yun, Deputy General Manager of China Energy Engineering Group Co., Ltd; Rex Wong, CEO of Kam Shing Group; and Mi Zhihui, Vice President of Shanghai Municipal Engineering Design Institute (Group) Co., Ltd.

Second Business Plenary to explore opportunities in the Middle East
Tomorrow’s Business Plenary will be chaired by Ronnie C. Chan, Honorary Chair of Hang Lung Properties Limited. The business plenary, which will explore opportunities in the Middle East and other Belt and Road markets, will feature: Mohamed Abduljabbar Alkoheji, Second Vice-Chairman of the Bahrain Chamber of Commerce and Industry; Bonnie Y Chan, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited; Peter Fekete, Group CEO of 4iG from Hungary; Eric Ip, Group Managing Director of Hutchison Port Holdings Limited from Hong Kong; Iqbal Khan, Chief Executive Officer of Fajr Capital from UAE; and Bui Kim Thuy, Deputy CEO of VinFast from Vietnam.

Two new thematic breakout sessions will also take place tomorrow – Multi-dimensional Connectivity under the Belt and Road Initiative and People-to-people Exchanges through Business and Cultural Collaboration – discussing progress in transport connectivity and ways in which economic and cultural exchanges can enhance mutual understanding. The Green Chapter will also have two sessions tomorrow on Smart and Green Silk Road and Developing Viable Sustainable Infrastructure Projects. Two sessions from the Finance Chapter will discuss how businesses can seize financial services opportunities in the Belt and Road via Hong Kong to expand in ASEAN and the Middle East and the impact of financial innovation and technology on BRI development. A Youth Chapter session brings together young business leaders to talk about the ways in which youth can harness opportunities presented by the BRI.

19 MoUs signed on Day 1
19 Memoranda of Understanding (MoUs) signed on the first day of the Summit. Signatories of the 4 G2G MoUs and 15 B2B MoUs comprised government and businesses from the Middle East and ASEAN, including the United Arab Emirates, Indonesia, Malaysia and Vietnam as well as Australia. Areas covered include infrastructure, energy and sustainable development. This year’s Summit continues to offer investment and business matching services, including one-to-one project matching meetings and project investment sessions. The business matching service provides a full range of options, in both physical form on 11-12 September and online on 16-17 September, with more than 280 investment projects expected to be matched and more than 800 one-to-one project matching meetings taking place.

The Summit continues to feature an exhibition area showcasing more than 100 exhibitors across three distinct zones: the Hong Kong Zone, Global Investment Zone and InnoTech Zone. The Hong Kong Zone highlights the services and business advantages of Hong Kong service providers. The Global Investment Zone presents large-scale investment projects, cultural and technological developments as well as global investment opportunities. The InnoTech Zone showcases cutting-edge innovations, AI, digital technologies and solutions from around the world.

The Strategic Partner for the 9th Belt and Road Summit is Bank of China International Capital Corporation Ltd. The Banking Partner is Bank of China (Hong Kong) Limited. The Global Connectivity Partner is the Hongkong and Shanghai Banking Corporation Limited. The New Economy Partner is Standard Chartered. The Diamond Sponsor is Huatai International Financial Holdings Company, while China Mobile International Limited, China National Petroleum Corporation, China Telecom Global and China Unicom Global Limited are Platinum Sponsors.

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Media enquiries
Yuan Tung Financial Relations:

Anson WongTel: (852) 3428 3413Email: awong@yuantung.com.hk
Louise SongTel: (852) 3428 5691Email: lsong@yuantung.com.hk

HKTDC Communications & Public Affairs Department:

Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.org
Agnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Verofax secures $3M in Bridge funding to deploy AI & AR experiences to tourists and sports fans

Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors.

Verofax applies patented Web3 technologies such as Blockchain, Augmented Reality and Artificial Intelligence to provide ‘Elevated tourist, shopper and brand marketing experiences’, enabling destinations, retailers and sports stadiums to turn their experiences interactive and drive conversion and social virality. Brands can reach customers directly, thereby increasing consumer intimacy with direct engagement and leveraging gamification for unmatched results from AI & AR experiences. Verofax has won many awards for the application of artificial intelligence for tourism and retail and has achieved sales to date of over $3M for Fortune 100 companies across 50 markets globally.

The funds will be used to execute the Company’s pipeline of projects in the Middle East and EU, notably AI-powered guides in GCC and Sports fan guides in the EU and North America. Verofax solutions apply to various industries (Retail, Tourism and Sports) and are already used by leading brands such as Anheuser Busch Inc and Emirates Airlines. Verofax is a Microsoft Native partner and has secured a global network of distributors and resellers, co-selling on enterprise solution platforms such as Microsoft Azure Marketplace, Amazon AWS, and other platforms.

Wassim Merheby, CEO of Verofax, said, “Our solution helps Tourists elevate their experiences, unlock personalized discounts and Offer gamified ‘Explore to win’ sponsored games in Augmented reality. This allows enterprises and brands to sponsor and elevate their marketing efficiency, power direct-to-consumer communication and deliver amazing experiences to drive growth and boost loyalty. We are thrilled to be joined by strategic investors that will help us accelerate our AI guide solution and AR gamified experiences and grow through their collective network and with their advice.”

Abdullah Alakeel, Country Director of Plug & Play Saudi, said: “Our recent investment in Verofax demonstrates our unwavering commitment to supporting the most promising startups within the Kingdom and the broader region. As one of the world’s most active and successful early-stage tech investors, we are fully dedicated to nurturing the Kingdom’s entrepreneurial ecosystem. We are thrilled to witness the transformative impact that Verofax will continue to make within the Tourism industry.”

Mr Ian Campbell, Vice President of the National Transformation Institute (NTI), said, “KAUST is mandated to accelerate the digital economy in the Kingdom as part of the University’s forward vision, leveraging KAUST science and innovation to make an impact beyond the walls of the campus itself and to create collaborations and identify opportunities where KAUST can contribute by convening minds and resources together to deliver solutions to benefit the wider Kingdom and beyond. The application of AI in tourism, customer service and beyond are applications that fall within our investment mandate.”

Jamal Jawa, Managing Partner of Brothers Advisory, said, “Our investment thesis is to support growth startups that leverage the latest technologies such as AI / AR and Web3, setting new service categories. We have been incredibly impressed by Wassim and the whole Verofax team and are thrilled to be making this our first investment in a Pre-Series A startup in the GCC region”.

About Verofax
Verofax is a Web3 Asset Digitization and mixed-reality experience solution provider with a presence across North America, Europe, Asia and MEA regions. The Verofax solution is available across multiple cloud marketplaces, such as AWS & Microsoft Azure, to power tourism and retail personalized, immersive experiences with ease to boost customer loyalty and repurchase rates. Verofax boasts investment and support from 500 startups, including Sanabil Investments (PIF), and has received government grants to develop its IP globally. For technical matters, visit Verofax at https://www.verofax.com or contact info@verofax.com.

About Plug & Play Tech Center
Plug & Play Tech Center is the most significant innovation platform in the world, supercharging innovation of over 500 industry-leading corporations by keeping them at the forefront of industry trends through PnPTC corporate Accelerator programs. Plug & Play runs over 100 industry-focused accelerator programs in over 50 locations globally and invests in over 250 companies a year alongside the world’s best VCs. For more information, visit https://www.plugandplaytechcenter.com.

About KAUST
KAUST is an international graduate-level science and technology research university located on the shores of the Red Sea in Saudi Arabia. Home to world-class faculty, scientists, engineers, and students from around the globe, the campus’s 10 research centers focus on solving problems related to water, food, energy, and the environment. Students can access state-of-the-art labs and our eminent faculty while obtaining a diverse graduate study experience. Visit https://www.kaust.edu.sa/en/ or #KAUSTPortfolio for more information.

About Jawa Brothers Advisory
Jawa Brothers Advisory, Owned and Managed by the Jawa Family, has been an Active Investor in the field of Private Equity for more than three decades. The group invests primarily through interests in limited partnership positions, Leveraged Buyout (MBO and LBO), Growth and Expansion Capital Private Equity Funds and Late Stage Venture Capital Funds. Funds are selected based on a clearly defined set of criteria. The company’s disciplined and discerning investment professionals perform exceptional due diligence, studying the industry to identify specific opportunities and trends. Jawa Brothers Advisory is part of Starling Group. Visit https://www.starlinggroup.com/ for more information.

Learn more at https://www.verofax.com or contact Verofax at info@verofax.com.

WBS Dubai 2024: Revolutionising the Digital World of Web3.0

The 30th edition of the World Blockchain Summit, organised by Trescon, returns to Dubai once again to set the stage for groundbreaking innovation and thought leadership in the rapidly evolving world of blockchain and Web 3.0.

Hosted at Jumeirah Emirates Towers on 10-11th October 2024, this milestone event will bring together over 2,000 blockchain pioneers, web3 innovators, visionaries, and investors to explore the future of decentralized technologies. With a legacy of fostering transformative dialogue, the summit has become a cornerstone for the blockchain community, driving conversations that shape the industry’s trajectory.Celebrating the theme of how blockchain-based solutions are reshaping global economies, the summit will highlight both regional and global advancements in web3 technology. Attendees will engage with thought leaders and industry experts to examine the transformative impact of blockchain across various sectors, including finance, supply chain management, and digital identity.Recognized globally as a business hub for groundbreaking technologies, Dubai stands out as a key player in the virtual assets sector. The city offers substantial advantages for Virtual Asset Service Providers (VASPs) and digital economy companies, including forward-looking regulations, a dynamic ecosystem, a proven track record in innovation, and access to a skilled global workforce. These attributes position Dubai as the ideal venue for the World Blockchain Summit, reinforcing its role as a catalyst for the next wave of digital transformation.The summit will feature a robust agenda, including high-profile keynote addresses, panel discussions, and interactive demonstrations. The key pillars of discussions at the summit include enterprise blockchain, tokenization of real-world assets, virtual assets & global laws, the DeFi frontier and more.Amongst the notable speakers at the event are:

  • Yat Siu, Co-Founder and Chairman, Animoca BrandsHaider Rafique, Global Chief Marketing Officer, OKXNils Andersen Röed, Global Head of Law Enforcement Response and Deputy Head of Financial Crime Compliance, Binance.Pankhuri Bansal, Blockchain & AI Expert, United Nations
    • Speaking on the future of blockchain and the impact of the event, Anil Kumar, Chief Operating Officer of Trescon, stated, “Blockchain has the potential to fundamentally transform industries by enhancing transparency, improving data security, and driving greater efficiency across various sectors.” He added, “The World Blockchain Summit is a vital platform for sparking meaningful dialogue among industry leaders and experts. It provides an opportunity to explore how blockchain intersects with digital marketing and other fields, uncovering its potential to reshape strategies and drive innovation.”Additionally, the summit will host the regional finals of the Startup World Cup, organized by the US-based venture capital firm Pegasus Ventures. The winning startup will earn the coveted opportunity to pitch at the grand finale in San Francisco and win funding worth US$ 1 million.Get ready for #WBSDubai—registration is now live! Grab your early bird tickets today and prepare to dive into the most thrilling blockchain and crypto event of the year. Don’t just witness the future of digital innovation—be a part of it!About TresconTrescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients.To book your tickets, visit: https://tinyurl.com/WBSTicket For inquiries, Contact: wbsinfo@tresconglobal.comFor media inquiries and further information, please contact:Shadi DawiDirector, Public Relations & Partnerships – MENAshadi@tresconglobal.com+971 55 498 4989

    SMI Vantage Limited invests in the Whisky Cask Club

    SMI Vantage Limited (SGX: Y45) (“SMI” or the “Company”), a Singapore-based investment and management company listed on the mainboard of the SGX is pleased to announce the acquisition of a controlling interest in Whisky Cask Club (“WCC”). This move marks a significant step in SMI Vantage’s strategy of investing in innovative businesses with high growth potential.

    Whisky Cask Club is a premier brokerage firm based in Singapore, specialising in the investment and trading of casks of rare and ultra-premium whisky. With over 50 years of combined experience in the Scottish whisky industry, the company partners with exclusive suppliers to provide clients access to some of the most sought-after casks available in the market.Mark Bedingham, President and CEO of SMI Vantage, stated, “This is a major acquisition which is transformative for SMI Vantage and is expected to become the leading growth contributor for SMI driving rapid increase in revenues and the overall profitability of the Group. The partnership with Alex Knight will allow considerable growth around the region and beyond from its Singapore base and aligns perfectly with our strategy to diversify into high growth businesses that are immediately revenue and profit generating.”Alexander Knight, CEO and Co-Founder of Whisky Cask Club remarked, “Joining forces with SMI Vantage and partnering with its CEO Mark Bedingham will create the conditions for acceleration of the growth path that WCC has been on for the last few years. With Mark’s help, we will look to open several major new international markets and bring the excitement and pleasure of investing in, as well as experiencing, the extraordinary whiskies that we can bring to the world.”https://links.sgx.com/1.0.0/corporate-announcements/2RJ2U427QZN8ZI47/815867_20240815_SMI%20Invests%20in%20the%20Whisky%20Cask%20Club.pdf About SMI VantageSMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy, including Food and Beverage related businesses, technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.Whisky Cask ClubThe Whisky Cask Club has a combined 50 years of experience in the Scottish whisky industry. We have partnered with some of the most exclusive suppliers of Scottish whisky to give our clients the most sought-after casks of whisky in the market. In order to be able to sell our clients casks of ultra high-end whisky, the Cask Club has partnered with ACEO Spirits and Whisky who are our official UK Duty representative.For media queries, please reach out to:Waterbrooks Consultants Pte LtdWayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707Proud Investor Relations partner:www.waterbrooks.com.sg www.shareinvestorholdings.com www.alphainvestholdings.com

    Al Fardan Exchange Leads AI Integration in Finance as Key Partner of Dubai AI & Web3 Festival

    Al Fardan Exchange is pleased to announce its partnership with the Dubai AI & Web3 Festival 2024, following the signing of a Memorandum of Understanding (MoU) between both parties. This collaboration is set to drive forward AI integration within the financial sector and underscores our commitment to supporting the UAE’s vision for a digitally advanced financial landscape.

    Hasan Fardan Al Fardan, Chief Executive Officer of Al Fardan Exchange and a member of the festival’s advisory committee, highlighted the transformative impact of this partnership. He called the collaboration with the Dubai AI & Web3 Festival 2024 a pivotal opportunity to drive AI advancements in the financial sector. In his role on the advisory committee, Hasan Fardan Al Fardan is dedicated to championing the UAE’s ambition to become a global leader in digital finance. This partnership reflects Al Fardan Exchange’s commitment to shaping a future where AI enhances both financial services and customer experiences.AI has the potential to revolutionise customer interactions within the financial sector. Recent studies highlight that businesses adopting AI in customer service report a 40% reduction in response times and a 38% increase in customer satisfaction. According to McKinsey, financial institutions implementing AI can see a 20% increase in operational efficiency and a 10-15% reduction in costs. Al Fardan Exchange is committed to utilising AI to provide these enhanced experiences, ensuring every customer interaction is seamless and effective.Additionally, AI plays a pivotal role in advancing financial inclusion, making financial services accessible to a wider audience. The World Bank estimates that AI-driven solutions could bring financial services to over 1.7 billion unbanked individuals globally, bridging this gap and providing essential financial services to underserved populations. This initiative aligns with Al Fardan Exchange’s mission to foster global financial inclusion.“Our partnership with the Dubai AI and Web3 Festival 2024 is aimed at advancing AI integration within the financial sector. As a member of the advisory committee, I am committed to supporting the UAE’s vision of a digitally advanced financial landscape,” said Hasan Fardan Al Fardan. He continued, “AI holds significant promise in enriching customer experiences, advancing financial inclusion, and strengthening the financial ecosystem. This partnership reaffirms our commitment at Al Fardan Exchange to deliver technology-driven financial solutions whilst ensuring an effortless customer journey.”About Dubai AI & Web3 FestivalDubai AI & Web3 Festival, organised by the Dubai AI Campus in strategic partnership with DIFC and the Minister of State for Artificial Intelligence, Digital Economy & Remote Work Applications Office, is a premier event cementing Dubai’s role as a pioneer in the global digital economy.This dynamic platform brings together the brightest minds to explore and expand the commercial possibilities of AI and Web3 technologies. Attendees will experience state-of-the-art integrations of artificial intelligence, blockchain, XR, and decentralised systems, driving the progression of digital economies and technological innovation. Join us to engage with the future of technology at the Dubai AI & Web3 Festival.About Al Fardan ExchangeAl Fardan Exchange is a leading financial services provider in the UAE, offering a wide range of services including currency exchange, money transfers, and remittance solutions. Established with a strong commitment to customer satisfaction, Al Fardan Exchange combines tradition with innovation to deliver secure, efficient, and reliable financial services across the region. With a reputation built on trust and integrity, it continues to play a pivotal role in connecting individuals and businesses to the global financial network.For more information, please contact:Shadi DawiDirector, Public Relations & Partnerships – Global & MEATrescon GlobalMobile: +971 55 498 4989shadi@tresconglobal.com