Omchain Foundation - Monthly Newsletter - March 2024

Omchain Foundation - Monthly Newsletter - March 2024

Dear Omchain Community,

February kicked off with a whirlwind of activity on our Omchain Mainnet, and what an intense month it has been! We're excited to share some of the highlights from the past few weeks:

Over 2 million wallets were issued on behalf of the Istanbul Municipality, marking a significant milestone in our mission to drive widespread adoption of blockchain technology.

We launched an AirDrop campaign featuring Omchain DID, reaching out to our community members and rewarding their support with exciting opportunities to engage with our platform.

Additionally, approximately 32,000 wallets were deployed, further expanding our ecosystem and empowering users to securely manage their digital assets.

At the Omchain Foundation, we remain steadfast in our commitment to pursuing our dreams with passion and dedication. As we continue to grow and evolve, we're grateful for the ongoing support of our community and look forward to sharing more exciting updates and developments in the months to come.

Thank you for being part of the Omchain journey!

DID: The Pride of Omchain!

We are excited to share some recent developments related to DEEP AI and Open AI's new video platform, SORA. Once again, our team has demonstrated the effectiveness of DID (Decentralized Identity) technology, highlighting its potential for driving significant advancements. In the upcoming discussions, we will delve into topics such as Digital ID and security methods, emphasizing how Omchain ID can help you prepare for the future of technology.

1. Banking Sector:

Digital identity solutions play a crucial role in the banking sector, particularly in processes like Know Your Customer (KYC) verification and authentication. Web3 technologies enable the creation of self-sovereign identities, empowering individuals to manage their identity data securely. This not only enhances customer experience but also strengthens security measures against identity theft and fraud.

2. Deep Fake AI and Fraud Prevention:

The emergence of deep fake AI presents challenges in identity verification and fraud prevention. Web3-based digital identity solutions leverage cryptographic techniques and decentralized networks to establish tamper-proof digital identities. By anchoring identity data on blockchain platforms, these solutions mitigate the risk of identity spoofing and manipulation, bolstering trust in online interactions.

3. IoT (Internet of Things) Integration:

Securing interactions among interconnected IoT devices is crucial as the IoT ecosystem expands. Web3-based digital identity solutions facilitate seamless integration of IoT devices while ensuring privacy and security. By assigning unique digital identities and implementing decentralized authentication protocols, these solutions mitigate risks such as unauthorized access and data breaches.

4. Authorization and Access Control:

Effective authorization and access control mechanisms are vital for safeguarding sensitive data and digital assets. Web3 technologies enable the development of decentralized identity platforms that offer granular access control based on verifiable credentials. This ensures that only authorized entities can access specific resources, minimizing the risk of data breaches and unauthorized activities.

5. Fraud Detection and Prevention:

In cybersecurity, Web3-based digital identity solutions provide innovative approaches to fraud detection and prevention. Leveraging distributed ledger technology and smart contracts, these solutions enable real-time verification of identity attributes and transactions. This proactive approach enhances the resilience of digital ecosystems against evolving threats.

Stay tuned for more insights and updates as we continue to explore the potential of digital identity solutions in shaping the future of technology.



Unlocking Insights: A Conversation with Billy from Satoshi Solution

We recently had the pleasure of hosting Billy from Satoshi Solution for an enlightening discussion on the search for web3 talents worldwide. Our conversation delved into the intricacies of talent acquisition, recruitment strategies, and preferred channels for connecting developers with companies. Here's a recap of our fantastic session:

Seeking Web3 Talents Globally

In our quest to uncover top-tier web3 talents across the globe, we turned to Billy from Satoshi Solution for valuable insights. With their expertise in talent acquisition and recruitment, Billy shed light on the strategies and approaches employed to identify and connect with talented individuals in the web3 space.

Listen the recording here: SATOSHI SOLUTIONS


Exclusive Interview with TokenTraxx Co-Founder Tom: A Deep Dive into Music, Blockchain, and Innovation

We are thrilled to share highlights from a special conversation that took place on Omchain Twitter Spaces, featuring TokenTraxx Co-Founder Tom. This dynamic session provided valuable insights into the world of music, blockchain technology, and the innovative solutions offered by TokenTraxx.

Throughout the discussion, we had the pleasure of exploring various topics with Tom, ranging from the fundamentals of TokenTraxx's business model to the facilities it provides for artists and songwriters. We also delved into an overview of the Blockchain Industry and learned about TokenTraxx's exciting new development strategies.

Listen the recording of the spaces from here: TOKENTRAXX

Exclusive Interview with Cookie3 Co-Founder Filip: An analytical based Conversation

We've had a splendid discussion with Filip, one of the co-founders of Cookie3. They've established themselves as a web3-based alternative to Google Analytics. Their business focuses on understanding web3 user attribution, crafting data-driven marketing campaigns, and expanding user bases through User Analytics tools. We've explored the nuances of crypto user attitudes. They're a startup based in Warsaw,Poland and they've secured USD3 million in funding thus far. It seems likely that we'll be hearing more about their services in the future. It was an insightful and analytical session.

Listen the recording of the spaces from here: Cookie3


Exciting News: BigInt Launches on Omchain's NFT Marketplace!

We are thrilled to announce a significant development in the world of digital assets and blockchain technology – BigInt has officially gone live on Omchain! This marks the beginning of an exciting journey as we introduce the NFT (Non-Fungible Token) Marketplace experience, bolstered by the robust support of the BigInt marketplace.

The integration of BigInt into Omchain's ecosystem opens up a myriad of opportunities for creators, collectors, and enthusiasts alike. With BigInt's expertise and reputation in the digital asset marketplace, coupled with Omchain's cutting-edge blockchain infrastructure, we are set to revolutionize the way NFTs are bought, sold, and traded.


Türkiye-Saudi Arabia Investment and Business Forum

The Omchain Foundation was prominently featured at the Türkiye-Saudi Arabia Investment and Business Forum, demonstrating our widespread presence fuelled by our passionate dedication to Blockchain technology! We've made significant connections and promoted the OMChain project during the event. We remain committed to being present wherever there's an opportunity to articulate our innovative solutions comprehensively on a global scale.

Until our next newsletter, take care.

Best regards,

Omchain Foudantion