Connect with us

Technology

Algorand celebrates 5th anniversary with 2 billion transactions and record adoption of real-world use cases at annual Decipher conference

Published

on

The Foundation kicks off the Summer of Algorand with investments in technology, partnerships and marketing to fuel innovation at scale

BARCELONA, Spain, June 28, 2024 /PRNewswire/ — The Algorand Foundation, a nonprofit on a mission to power a world where information has integrity and innovative ideas can scale, hosted its annual Decipher event, a gathering of hundreds of investors, developers, and partners from around the world to celebrate the vibrant ecosystem. From global finance and supply chain to real estate and humanitarian aid, Algorand blockchain technology is powering the next-generation of real-world applications. Showcasing the refreshed brand, the new website at Algorand.co is the central hub for our protocol and ecosystem.

“The energy at Decipher was contagious! We’re amazed by the creativity and technical prowess of our community and all of the innovative products they’ve built on Algorand,” said Staci Warden, CEO of the Algorand Foundation. “They’re bringing the blockchain to life, and we encourage them to channel that enthusiasm into building and scaling their dreams. And we promise to keep investing in the resources they need to succeed.”

Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees. All of these characteristics mean it is purpose-built for real-world scale; and developers, entrepreneurs, and enterprise partners all benefit from its institutional-grade certainty and resilience.

Ecosystem momentum

The Algorand blockchain hit two billion successful transactions since inception in June 2019. In Q1 2024 alone, it ranked among the top 3 most popular blockchains by transaction volume.

Other notable statistics:

On January 1, 2024 Algorand reached an ATH of 43 million transactions in a single day, and the network performed flawlessly. [1]On May 17, 2024 it achieved a record of 5,716 transactions per second (TPS) , ranking among the top 3 blockchains by max recorded TPS. [2]In Q1, the Algorand blockchain processed 403 million transactions, a 288% increase from Q4 2023.In the first quarter, Algorand gained 1 million new accounts, bringing the total to 35 million, with an average of 800k monthly active users. [1]Algorand concluded the first quarter of 2024 with a DeFi TVL of 1 billion ALGOs and has been maintaining this level throughout subsequent months. [3]

To improve access to real-time data and insights about the Algorand blockchain, the Foundation is partnering with data analytics provider Nansen, and expects the first dashboards to go live this summer.

Data Source References

[1] https://metrics.allo.info/
[2] https://chainspect.app/dashboard
[3] https://defillama.com/chain/Algorand?currency=ALGO

Following key initiatives were announced at the event:

Global fintech and web3 companies including Algorand Foundation, UNDP, Worldpay, Circle, HesabPay, Mercy Corps Ventures and others, unite to increase blockchain-based cash assistance for humanitarian crises.Archax makes abrdn money market fund accessible and transferable on Algorand blockchain using Quantoz EURD electronic money token.123carbon secured a 135.000t CO2e contract, one of the largest issuance of Transport related insets in the world, all registered on the Algorand blockchain.LabTrace completed the first study using its blockchain-based data authentication system, designed to ensure data integrity in clinical trials.Finboot switched to Algorand to power its supply chain traceability solution due to Algorand’s scalability and energy efficiency.Kare Survivor Wallet will deliver rapid financial assistance to disaster survivors across the United States as part of the American Response and Resiliency Program, launched with the National VOAD and DSC, SVDP-USA.Circle’s USDCa stablecoin on Algorand is now available through Coinbase.

Ecosystem companies are thriving, from AI and identity to DeFi and NFTs:

Pera and Immersve announced a partnership to bring non-custodial debit card options to Algorand users.Folks Finance announced the upcoming launch xChain, an application that will operate cross-chain and xALGO Liquid staking products, which allow users to participate in Algorand consensus and accrue rewards seamlessly and securely.Algorand is also now home to Dised, a blockchain-based AI marketplace that makes exchanging AI services, products and data more transparent. CompX announced a further push into RWA by integrating with Lofty to bring the benefits of auto-compounding and yield optimization to more users on-chain.Tinyman, the top DEX on Algorand by TVL, volume, and active users, announced that its TINY token and governance platform will launch in July.Messina launched Token Wars and cross-chain community building, growing the exposure and presence of Algorand DeFi. This initiative is backed by Pact, Meld Gold, and CompX.Vestige Labs is launching rug.ninja, a decentralized token creator and virtual DEX for fair meme coin creation and trading.Meld Gold announced a trust-minimized audit system, a world-first that verifiably connects physical items to the blockchain, the final frontier in bringing physical RWAs trustlessly on-chain.Gora and Goanna have partnered to create a pioneering nftFi project on Algorand, a collection with innovative utility for Gora and Algorand users. Website and project are live, with the launch event coming in July.EXA Market is launching a Rewards Program on Coinlist in August, leading up to their Token launch in Q4.Cosmic Champs will launch on Mainnet and Google Play in August. Building for more than 2 years, their goal is to onboard thousands of Web2 users to Algorand.Recently listed on Steam, Fracctal will also be listed on Epic Game Store to onboard thousands of new users to Algorand Gaming.Aegir Tactics is going into closed beta on July 23 with a website update, a gameplay video, and Founders Vaults (NFT card packs). Currently on the Epic Game Store, Aegir Tactics can be wishlisted.Dead Chain Diaries joins Algorand’s NFT collection, as the first-ever inscription sets, featuring creators from across the #Algofam. Rxelms is a new NFT-based, cross-chain virtual world launched this year on Algorand, using the best-in-class Unity gaming engine. NUVO launched on Algorand and specializes in Decentralized Verifiable Credentials to better protect data privacy.

Public goods

The Foundation’s public goods initiative focuses on DeFi and tools that help builders of any size build their dreams in the most efficient way possible.

DeFi

Algorand’s instant finality, high TPS capacity and speed are critical for the high-frequency trading that DeFi requires. With fast-growing TVL and strong backing from the Foundation, Algorand leads the way as a robust and scalable DeFi platform.

The Foundation uses Algorand’s DeFi ecosystem to manage its own treasury. It has deployed 42 million ALGOs across various protocols to support things like AlgoRai, decentralized option vaults, and Tinyman and Pact’s liquid governance DEX trading. Following positive results and feedback, the Foundation will double down and boost liquidity to grow the DeFi ecosystem.

New Developer Tools:

LiquidAuth, an open-source package to demonstrate how to establish P2P Authenticated communication between wallets and applications using only open standards and non-permissive protocols. did:algo, W3C compliant DID Method leveraging Algorand’s box storage, a more robust digital identity offering for applications in Algorand.Lora visual debugger, a local developer explorer powered by the new subscriber library for tracking on-chain events and analyzing on-chain resources. It completes the trio of components in AlgoKit needed for easier development: an sdk/for building, a python testing framework, and a visual interface to debug and understand what happens both in your smart contracts and on-chain.

About Algorand Foundation 
Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs, and providing the infrastructure for decentralized governance.

Founded by Turing Award-winning cryptographer Silvio Micali in 2019, Algorand has grown into a vibrant ecosystem of developers, entrepreneurs, and enterprise partners that benefit from institutional-grade certainty and resilience, while features like low fees, instant finality, and a minimal carbon footprint also appeal to the protocol’s millions of retail users. Builders of all kinds can use common programming languages like Python to develop advanced apps and protocols that solve important problems at a global scale: instant payments in war and disaster zones, self-sovereign identity for the disenfranchised, supply-chain traceability for global commerce, permissionless protocols addressing financial inclusion, and the creation of entirely new markets through tokenization, to name a few. To learn more and start your journey on Algorand, visit algorand.co

View original content to download multimedia:https://www.prnewswire.com/news-releases/algorand-celebrates-5th-anniversary-with-2-billion-transactions-and-record-adoption-of-real-world-use-cases-at-annual-decipher-conference-302185196.html

SOURCE Algorand Foundation

Continue Reading

Technology

Silicon Valley Investors Urge Taiwan Startups to Find Niches as AI Competition Intensifies

Published

on

By

OAKLAND, Calif., Oct. 19, 2026 /PRNewswire/ — Taiwanese startups seeking to compete in artificial intelligence must develop specialized expertise, strengthen distribution networks and identify markets overlooked by larger technology companies, investors said at a Silicon Valley gathering on Monday.

The discussion took place during Taiwan × Silicon Valley: Founders, Capital & the Next Wave of Innovation, organized by Startup Island TAIWAN Silicon Valley Hub and Taiwan Global Angels in partnership with Google Cloud as part of SF Tech Week.

Opening the event, Uly Su, director and head of Startup Island TAIWAN Silicon Valley Hub, emphasized the hub’s role in connecting Taiwanese startups with U.S. investors, corporations and business opportunities, strengthening ties between Taiwan’s technology ecosystem and Silicon Valley.

The Shrinking AI Advantage

Timothy Chen, managing partner at Essence VC, said the rapid evolution of AI models has made technological advantages increasingly short-lived, forcing investors to reassess how they identify promising startups.

Rather than focusing exclusively on technologies that could dominate over the next five years, Chen said investors are examining founders’ specialized knowledge, distribution capabilities and ability to execute. Even a three- to six-month advantage could prove valuable in a rapidly changing market.

The panelists also discussed how startups could compete against larger technology companies. They emphasized identifying underserved markets, developing specialized capabilities and moving quickly before established players enter emerging sectors.

Beyond Software: Space, Robotics and Physical AI

Poseidon Ho, founding partner and CEO of Outliers Fund, highlighted opportunities beyond conventional AI applications, particularly in space and defense, where government contracts and expanding infrastructure investment are creating markets for emerging companies.

Ho said the sector offers a different investment model from software, with longer development cycles and substantial technical requirements. He encouraged Taiwanese entrepreneurs to explore opportunities within the space industry’s supply chains, including government contracting.

Austin Hwang, principal at ADVentures, identified physical AI, robotics and medical technology as areas of interest, particularly where startups combine specialized hardware with software and proprietary technical capabilities.

Hwang said Taiwan’s experience in semiconductors, electronics and manufacturing could provide an advantage as AI increasingly moves beyond software into physical applications.

From Technology to Commercial Success

A second panel featuring experienced entrepreneurs shifted the discussion toward commercialization, acquisitions and the challenges of building companies across Taiwan and the United States.

Paul Hung, CEO of Taudia, emphasized that startups must begin with a clearly defined customer problem rather than technology development alone.

Hung said founders need to understand why customers would pay for their products and build teams and investor networks capable of supporting commercialization.

Terry Hsiao, managing partner at BonHope Capital, drew on his experience building and selling companies to discuss the decisions founders face when considering acquisitions.

He noted that venture capital firms can spread their risks across multiple investments, while first-time founders often have most of their financial interests tied to a single company. Securing an initial successful exit could therefore be an important consideration.

Medical technology entrepreneur Steve Wu discussed the challenges of developing regulated healthcare products, including lengthy development cycles, regulatory requirements and the importance of understanding the commercial potential of new technologies.

The speakers also highlighted cultural differences between Taiwan and Silicon Valley, where entrepreneurship and risk-taking are more widely encouraged and founders have greater exposure to experienced investors and business leaders.

For Taiwanese startups, the discussions underscored the importance of combining the island’s engineering and manufacturing capabilities with stronger commercialization strategies, international market access and the ability to compete in rapidly changing industries.

View original content to download multimedia:https://www.prnewswire.com/news-releases/silicon-valley-investors-urge-taiwan-startups-to-find-niches-as-ai-competition-intensifies-302913355.html

SOURCE Startup Island TAIWAN Silicon Valley Hub

Continue Reading

Technology

Flexxon Partners with Tech4Biz Solutions to co-develop server infrastructure that is secure by default

Published

on

By

As organisations increasingly look to build their own servers to run AI systems, the two companies are working to ensure purpose-built infrastructure and security go hand-in-hand

SINGAPORE and BENGALURU, India, Oct. 20, 2026 /PRNewswire/ — Flexxon, a pioneer in secure memory storage and hardware-based cybersecurity solutions, today announced its strategic investment in Tech4Biz Solutions. The partnership will see the companies co-develop solutions that enable efficient and reliable deployment of secure server and data centre operations – a heightened need as enterprises move Artificial Intelligence (AI) workloads on-premises, onto infrastructure they own and must secure themselves.

The investment formalises the ongoing relationship between the two companies, and deepens joint development across the parties’ product lines: Flexxon’s X-PHY hardware security, and Tech4Biz’s Cloudtopiaa, its sovereign cloud and AI infrastructure platform.

X-PHY is Flexxon’s hardware-based cybersecurity brand. It puts AI-powered threat detection inside the drive’s own firmware and hardware, below the operating system. X-PHY’s hardware-based protection is designed to keep working even when the software above it has been compromised.

Cloudtopiaa designs, builds and operates public cloud, private cloud, HPC, GPU inference and AI data centre environments for organisations that want full control of their data, models and AI agents, in the jurisdiction they choose. 

Ms Camellia Chan, Co-founder and CEO of Flexxon, said: “Having worked with Tech4Biz for several years, I am glad to take this next step and deepen the partnership as we continue building towards more secure, more reliable standards together. We are building hardware that is secure by default, carrying that protection from devices into the servers and data centres enterprises now run themselves – the part of the stack where traditional security leaves the widest gaps.”

Ms Yasha Khandelwal, Co-founder and CEO of Tech4Biz Solutions, said, “When a company owns its whole AI stack, there is no hyperscaler behind it to absorb a mistake, so the design and the security have to be right from day one. We have spent years building and running sovereign infrastructure in production for enterprises and institutions, and bringing X-PHY into that design means every server we deliver will ship with protection built into the hardware itself.”

Where AI capability outruns protection

AI has quickly moved from pilots into systems that run on a company’s own data every hour of the day, and the data, models and agent memory involved are now among the most sensitive assets a company holds. More organisations want that capability on infrastructure they own, in the jurisdiction they choose. Accordingly, Gartner forecasts worldwide sovereign cloud infrastructure-as-a-service spending will reach US$80 billion in 2026, a 35.6 per cent increase on 2025, with mature Asia-Pacific markets among the fastest growing and governments the largest buyers. That shift moves the responsibility for securing the infrastructure back to the organisations running it.

These AI systems now work across enterprise data with valid credentials, often without a user approving each action. Software defences remain necessary, but they run on the same layers an attacker is trying to take over – and when those safeguards fail, there must be an immutable layer that protects the data.

What X-PHY and Cloudtopiaa will deliver

The parties will collaborate specifically on integrating Flexxon’s X-PHY hardware security expertise with Tech4Biz’s existing infrastructure capability through Cloudtopiaa, its cloud platform and infrastructure offering.

On the immediate horizon is the integration of X-PHY’s hardware security solutions into Cloudtopiaa environments, so that server estates are secured by default and protection arrives with the machine rather than being bolted on after. For enterprises, that means the security work no longer grows with every server added.

This includes the design, build and deployment of secure infrastructure that organisations can own and run outright. Development is already under way, with commercial deployment expected in 2027.

Cloudtopiaa already runs production workloads for customers including L&T Technology Services, which runs two production engineering platforms on it – a quality management platform for GxP-regulated industries and a multi-agent enterprise AI platform – and Cognitive PRISM. It is also building a three-year private cloud lab ecosystem for Vidyavardhaka College of Engineering, Mysuru.

The partnership will focus first on governments, regulated enterprises, research institutions and data centre operators in Singapore, India and North America.

View original content:https://www.prnewswire.com/in/news-releases/flexxon-partners-with-tech4biz-solutions-to-co-develop-server-infrastructure-that-is-secure-by-default-302913354.html

Continue Reading

Technology

SIEW 2026 Brings Together Global Energy Leaders to “Connect Energy Systems, Power Tomorrow”

Published

on

By

SINGAPORE, Oct. 20, 2026 /PRNewswire/ — The 19th Singapore International Energy Week (SIEW) will open on 26 October, bringing together global policymakers, industry leaders and innovators to navigate energy challenges and shape a more secure, connected and sustainable energy future.

Highlights of SIEW 2026

I. Opening: The Singapore Energy Lecture will be delivered by H.E. Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry). YAB Datuk Amar Haji Fadillah bin Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Malaysia, will deliver the Ministerial Keynote Address. Bernard Fontana, Chairman and Chief Executive Officer of Électricité de France (EDF), will share his perspectives at the SIEW Opening Keynote.

II. Ministerial and VIPs: Ministers from Australia, Bhutan, Brunei Darussalam, Finland, Lao People’s Democratic Republic, Oman, Philippines, and United States will be joined by H.E. Dr Kao Kim Hourn, Secretary-General of the ASEAN Secretariat, Dr Fatih Birol, Executive Director of the International Energy Agency, and Francesco La Camera, Director General of the International Renewable Energy Agency. Global industry leaders from Baker Hughes, China Huaneng Group, GE Vernova, Hitachi Energy, Petronas, Siemens Energy, State Grid Corporation of China, Tenaga Nasional Berhad, and Univers will share their insights impacting the energy landscape.

SIEW 2026 will host prominent decision-makers and visionaries from across government, international bodies, regulatory agencies, and industry. The list of speakers attending SIEW 2026 is available here.

Government

H.E. Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry), Republic of SingaporeH.E. Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Energy, Trade and Industry, Republic of SingaporeYAB Datuk Amar Haji Fadillah bin Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation, MalaysiaH.E. Sonam Tashi, Minister for Energy and Natural Resources, BhutanDato Seri Setia Awang Haji Mohamad Azmi Bin Haji Mohd Hanifah, Minister at the Prime Minister’s Office (Energy, Upstream and Downstream), Brunei DarussalamH.E. Sakari Puisto, Minister of Economic Affairs, Republic of FinlandH.E. Malaithong Kommasith, Minister of Industry and Commerce, Lao People’s Democratic RepublicH.E. Eng. Salim Bin Nasser Al Aufi, Minister of Energy and Minerals, Vice Chairman of the Board of the Oman Investment Authority, OmanThe Honourable Sharon S. Garin, Secretary, Department of Energy, Republic of the PhilippinesH.E. Jean Barroca, Deputy Minister of State for Energy, PortugalDr Majid Al-Qwaiz, Deputy Minister of Development and Project Management, Kingdom of Saudi ArabiaThe Rt Hon Miatta Fahnbulleh MP, Secretary of State for Energy Security and Net Zero, United Kingdom of Great Britain and Northern IrelandChris Stark, Head of UK’s Mission for Clean Power, UK Department for Energy Security and Net Zero

International Organisations

Rafael Mariano Grossi, Director General, International Atomic Energy AgencyLin Yang, Deputy Executive Secretary for Programme, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)Hideaki Iwasaki, Director General, Sectors Department 1 (Energy and Transport Sectors), Asian Development Bank (ADB)Kim-See Lim, Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients, Asian Infrastructure Investment Bank (AIIB)Stéphanie Guénot Bresson, Commissioner, Nuclear Safety and Radiation Protection Authority Dr Sama Bilbao y León, Director General, World Nuclear Association

Regulators and Utilities

Anna Collyer, Chair, Australian Energy Market CommissionClare Savage, Chair, Australian Energy RegulatorNarumi Hosokawa, Secretary General, Electricity and Gas Market Surveillance Commission, JapanErik Westergaard, Deputy Chair, Electricity Authority, New ZealandDato’ Sri Ir. Ts. Shamsul Bin Ahmad, President and Chief Executive Officer, Tenaga Nasional BerhadHon. Francis Saturnino C. Juan, Chairperson and Chief Executive Officer, Energy Regulatory Commission, PhilippinesTheodore J. Garrish, Assistant Secretary for Nuclear Energy, U.S. Department of EnergyJudy Chang, Commissioner, Federal Energy Regulatory Commission, United StatesEmmanuelle Wargon, Chair, French Energy Regulatory CommissionDr Narin Phoawanich, Governor, Electricity Generating Authority of Thailand Shao Guoyong, Board Director, State Grid Corporation of China

Industry

Gary Rose, Executive Vice President, Nuclear, Canada, AtkinsRéalis, and President, CANDU International, Candu Energy Inc.Allyson Anderson Book, Chief Sustainability Officer, Government Affairs & Public Policy Officer, Baker HughesYingying Zhou, Vice President, Organisation and Head of Asia, Cheniere EnergyJoseph Law, Managing Director, CLP Power Hong KongLi Rui, Vice President, China Southern Power GridLim Wee Seng, Group Head of Energy, Renewables & Infrastructure, Project Finance Strategic Advisory and Sustainability, Institutional Banking Group, DBS BankTham Chee Aun, Chief Executive Officer, Ditrolic EnergyEric Gray, Chief Executive Officer, Power, GE VernovaJames O’Reilly, Chief Executive Officer, Greenlink InterconnectorN Venu, MD and CEO, India and APAC Region, Member of Global Executive Team, Hitachi Energy, MD, Hitachi IndiaZhong Guodong, President, China Huaneng Group Co., Ltd.Dr Han-Gon Kim, President, Innovative SMR Development AgencyTadashi Maeda, Chairman of the Board, Japan Bank for International CooperationIzumi Kai, Managing Executive Officer, CEO of JERA AsiaStephanie McGregor, Chief Executive Officer, Marinus LinkEmmanuel V. Rubio, President and CEO, Meralco PowerGen Corporation (MGEN)Yasuhiro Kawabe, President & CEO of Mitsubishi Power, Ltd.Elaine Lam, Group Managing Director and Head of Global Corporate Banking, OCBCYM Tan Sri Tengku Muhammad Taufik Tengku Aziz, CEO, Petronas Thorbjörn Fors, Group Senior Vice President and President Asia Pacific, Siemens EnergyStanley Huang, Group Chief Executive Officer, SP GroupJeanne Soh, Managing Director, Head, Structured Finance, Asia, SMBC 

The SIEW week will feature high-level expert discussions across SIEW Summit, SIEW Energy Insights, SIEW TechTable and SIEW Thinktank Roundtables. Topics will include energy security, regional connectivity, system resilience and decarbonisation, including leading technologies and industrial capabilities on AI and digital grids, power interconnections, geothermal energy, and nuclear energy. More details can be found at siew.gov.sg. 

Register now at https://register.siew.gov.sg.

PR Newswire is the Official Press Release Distribution Partner of Singapore International Energy Week 2026.

About SIEW

The Singapore International Energy Week (SIEW) is an official trademarked event by the Energy Market Authority (EMA). It is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. 

The SIEW logo is an officially registered trademark, a symbol of credibility and prestige as the world’s leading energy event. 

About the Energy Market Authority

The Energy Market Authority (EMA) is a statutory board under the Singapore Ministry of Energy, Trade and Industry. Through our work, we seek to build a clean energy future that is resilient, sustainable, and competitive. We aim to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Visit www.ema.gov.sg for more information. 

For media queries, please contact:

Ms Mahima Kathuria
FINN Partners for Singapore International Energy Week
Tel: +65 8022 6364
Email: SIEWMedia@finnpartners.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/siew-2026-brings-together-global-energy-leaders-to-connect-energy-systems-power-tomorrow-302912520.html

SOURCE Energy Market Authority

Continue Reading

Trending