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First Web3 Global Battery Passport Implementation for Current and Future Regulatory Compliance

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DENSO, Honda, Mazda, and Nissan among MOBI members who have completed Stage 1 of the Cross-Industry Interoperable Minimum Viable Product, a three-year initiative towards a decentralized Global Battery Passport built for data privacy and selective disclosure  

LOS ANGELES, July 11, 2024 /PRNewswire/ — MOBI, a global nonprofit Web3 consortium, is thrilled to announce a significant milestone in development of the Web3 Global Battery Passport (GBP) Minimum Viable Product (MVP). In a historic first, the MVP has successfully demonstrated battery identity/data validation and exchange between nine organizations using open-standards — MOBI Battery Birth Certificate and the World Wide Web Consortium (W3C) Self-Sovereign Identity (SSI) framework — an achievement that carries exciting implications for stakeholders of the battery value chain and lays critical groundwork for the Web3 Economy. Organizations worldwide are invited to join and collaborate in this trailblazing effort.

Participants of MOBI Circular Economy and the GBP Working Group, constituting close to USD 1 Trillion in annual revenue and representing diverse functions within the global battery ecosystem, have successfully completed Stage 1 of the three-year MVP and are set to begin Stage 2. Implementers of the decentralized GBP include Anritsu, DENSO, HIOKI, Honda, Mazda, Nissan, and TradeLog Inc.

As the world increasingly turns to batteries for sustainable energy solutions, global battery value chains are making continuous improvements to enhance operational efficiency, circularity, and cross-border compliance. Forward-looking global policies like the US Treasury’s Section 30D Guidance on EV Tax Credits and the EU Battery Regulation mandate digital recordkeeping to track battery life cycles, underscoring the need for a global battery passport — a digital credential containing key information about the battery’s composition, state of health, history, and more.

Creating a scalable GBP will require cross-industry interoperability, such that entities across the value chain can securely coordinate and selectively share relevant data without the need to pay for costly one-off integrations or abandon their existing systems. MOBI and its members believe Web3 can become a key enabler for cross-industry interoperability at scale. SSI in particular introduces a promising approach to unlocking powerful synergies, enabling entities to securely control and share credentials across different web applications and platforms without the need for centralized intermediaries. To this end, MOBI and its members are building a decentralized Web3 marketplace ecosystem with standardized communication protocols for Self-Sovereign Data and SSI, designed such that the federated infrastructure and data therein are not controlled or managed by one organization. While MOBI MVP initiative demonstrates a specific use case for implementing the GBP, the benefits of MOBI Web3 implementation extend to almost any use case that involves multiparty transactions.

In Stage 1 of the initiative, implementers demonstrated the Integrated Trust Network (ITN) identity services of one-to-one cross-validation for battery identity and data. The ITN serves as a federated (member-built and operated) registry for W3C Decentralized Identifiers, offering SSI management for connected entities such as batteries and their value chain participants. The ITN is the first enterprise network supporting multiple blockchains at the same time. These features are unique to the ITN, built for high resilience by ensuring the network’s functionality and sustainability do not rely on a single organization or blockchain.

Stage 2 will demonstrate Citopia decentralized marketplace services through creation of the cross-industry interoperable, privacy-preserving GBP. ITN services are one-to-one whereas Citopia services are one-to-many (and many-to-one). Through Web3 implementation, the availability and selective disclosure of trusted data and identities throughout the battery value chain will beget digital services and applications such as enhanced battery and carbon credits management, vehicle-to-grid communications and transactions, risk-based insurance calculations, and data-driven used electric vehicle pricing.

“Today’s global battery value chain is complex and it’s difficult to simultaneously ensure efficiency, scalability, safety, circularity, and regulatory compliance. To balance these priorities, we need to enhance battery lifecycle management through the creation of a shared ecosystem with SSI framework for secure coordination and selective disclosure of sensitive data,” said MOBI CEO and Co-founder, Tram Vo. “Driving innovation at this scale requires cross-industry collaboration. We invite public and private organizations worldwide to join us in this critical pursuit.”

“Web3 is an interesting technology which may facilitate a more scalable approach to exchanging battery data in a peer-to-peer fashion between organizations,” said Christian Köbel, Senior Engineer at Honda Motor Co., Ltd.

“It is confirmed how Web3-based self-sovereign data management works throughout Stage 1 of the MVP,” said Yusuke Zushi, Senior Manager at Nissan.

Said Mazda Motor Corporation, “Through participation in the GBP Working Group, we not only acquired the technical knowledge of Web3 but also understood a vision of an ecosystem that realizes the exchange of reliable information. We appreciate MOBI for giving us this invaluable opportunity.”

“The Stage 1 MVP experiment was instrumental in deepening our understanding of a system that enables sovereign data management. In the current era of data, the integrity and safety of information flow are paramount. As an experienced manufacturer of measuring instruments, HIOKI has always placed a premium on the reliability and accuracy of data,” said Kenneth Soh, Executive Officer at HIOKI. “We believe that the insights gained from this MVP are vital for the future progress of measurement instrument manufacturers and the industries we serve, from the perspective of innovation and societal contribution driven by mechanisms that offer both security and precision in data distribution.”

“The successful implementation of the Web3 GBP MVP is a significant step towards a more transparent and sustainable battery ecosystem. We are honored to contribute to the realization of the GBP as participants in this important initiative,” said Hisashi Matsumoto, Senior Manager at Anritsu.

“We, TradeLog, Inc., proudly support the decentralized Global Battery Passport project, driven by the efforts of MOBI and its dedicated Implementers,” said Alvin Ishiguro, Project Coordinator at TradeLog, Inc. “Going forward, we will continue to deliver our customers new experiences through blockchain technologies in the energy sector.”

About MOBI
MOBI is a global nonprofit Web3 consortium. We are creating standards for trusted Self-Sovereign Data and Identities (e.g. vehicles, people, businesses, things), verifiable credentials, and cross-industry interoperability. Our goal is to make the digital economy more efficient, equitable, decentralized, and circular while preserving data privacy for users and providers alike. For additional information about joining MOBI, please visit www.dlt.mobi.

Media Contact: Grace Pulliam

Email: grace@dlt.mobi  

MOBI Communications Manager

Twitter: twitter.com/dltmobi

 

SOURCE MOBI

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Youth Power: Foreign Youth Embrace China’s Economic Prospects

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BEIJING, July 13, 2024 /PRNewswire/ — In the latest episode of China Daily’s Youth Power, which aired on June 30, Jan Kerekes, a Canadian who has lived in South China’s Hainan province for six years, shared what led him to settle down here.

Hainan is really opening up. The whole world comes here, and you see the opportunities right in front of you,” Kerekes said. “It is a place where you can pursue your dreams.”

Now a teacher at Hainan University, Andreev Aleksei, a 30-year-old Russian, found Kerekes’s story particularly resonant.

“When I went back to my country, I missed the island so much that I had to come back,” Aleksei said. “Hainan not only hosts the Boao Forum for Asia but it is also the best place for windsurfing and parachuting.”

To encourage international talent to come, Hainan has introduced 16 measures to streamline living and working conditions for foreigners.

For example, Aleksei mentioned that Hainan offers numerous benefits and advantageous policies to assist global talents in establishing businesses in the region.

“[The application process] takes just three days, and it can be completed entirely online, even for foreigners,” he said.

The young guests visited the Haikou Municipal Government Service Center to learn more about these measures. There, they met people from around the world with different needs — whether for visas, education, or business.

“I think it’s a testament to the inclusivity of the entire province,” said Jood Ghazwan Sharaf, a 27-year-old Bulgarian student at Tsinghua University.

Dylan Walker, 27, from the United States, was impressed by the efficiency of the “one window for all” system.

“It’s like a one-stop service,” he said. “You don’t have to run all over the place.”

In addition to aiding tourists and residents in their daily lives and business activities, Hainan has made significant economic progress.

One notable example is the Yangpu Economic Development Zone, which has evolved from a small port into Hainan’s largest international port.

In the zone, the young guests explored the Yangpu Offshore Wind Power Industrial Park, where they discovered Hainan’s commitment to developing its marine economy and striving for a harmonious coexistence with the ocean.

According to Lin Qingsong, the park’s general manager, while Hainan’s wind power utilization is still in its early stages, this project stands out as a pioneering model for future large-scale offshore wind power initiatives.

“We can see that China is not an economy that goes within itself. It goes outward to benefit the rest of humanity,” Sharaf said, impressed by China’s innovative economic experiments.

As a global resident of Hainan, Aleksei believes that this island is not only a dynamic free trade model but also a natural paradise that strikes a balance between work and leisure.

“This is quite a unique place in China,” Aleksei said. “No matter what purpose brings you here, whether it’s tourism, starting a business, or work, just come here, and you will fall in love with it.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/youth-power-foreign-youth-embrace-chinas-economic-prospects-302196258.html

SOURCE 21st Century English Education Media

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Unimoni Student Stars 2024 – Scholarship & Rewards Program Launched: Study Abroad with ₹12 Lakhs Scholarship

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KOCHI, India, July 13, 2024 /PRNewswire/ — Unimoni, a leading provider of international money transfer services, is thrilled to announce the launch of its highly anticipated Unimoni Student Stars 2024 scholarship program. This year, the program offers a staggering ₹12 lakhs in scholarships and prizes, empowering ambitious Indian students to pursue their educational dreams abroad.

Unimoni Student Stars 2023 proved to be a monumental success, underscoring Unimoni’s commitment to nurturing India’s brightest talents pursuing international education. The program garnered widespread acclaim for its inclusive approach and impactful support of deserving students nationwide.

Building on last year’s initiative’s resounding achievements, which supported numerous talented students in pursuing overseas education dreams, Unimoni aims to elevate its impact further in 2024. The Unimoni Student Stars 2024 scholarship program launched with increased prize offerings, expanded eligibility criteria, and enhanced participant engagement initiatives planned. The company is poised to attract an even broader pool of exceptional candidates.

Beyond the Mega Scholarships: Exciting Rewards Throughout the Year

The Unimoni Student Stars 2024 scholarship program offers a tiered prize structure. The grand prize winner receives a life-changing scholarship of ₹5 lakhs. Additionally, one student will be awarded a second prize of ₹2 lakhs and three deserving students will receive scholarships worth ₹1 lakh each. Every quarter during the application period, lucky applicants will have the chance to win a new laptop. Every month, registered students can win a stylish trolley bag, perfect for their international studies. Plus, every participant secures a coveted free study abroad forex card.

Brace yourselves for a journey of triumph and rewards with Unimoni Student Stars 2024.

Eligibility Criteria

The Unimoni Student Stars 2024 scholarship program is open to Indian students either pursuing higher education abroad or planning to do so. To be eligible, candidates must register on the Unimoni or Remit Forex website with relevant details by March 31, 2025. Eligibility criteria include securing 60% or more in 10+2/diploma or graduation from institutions recognized by CBSE/ICSE/UGC/State/Central government. Candidates must also possess a valid offer letter from a foreign university. Indian students studying overseas are eligible but must update their university details during registration.

The registration process is straightforward

The application process is designed to be simple and convenient. Students can register online at the Unimoni website or the Remitforex website. Or scan QR codes from advertisements or social media links and complete a dedicated registration landing page. Candidates must accept the terms and conditions after entering personal and educational details and confirming eligibility. Subscribing to Unimoni or Remit Forex’s social media pages is encouraged, and additional referral benefits are available.

The Application Window Opens July 1, 2024

Register for Unimoni Student Stars 2024

Embark confidently on the study abroad journey by joining the Unimoni Student Stars 2024 program. Register now to unlock exclusive benefits and services tailored to support every international education dreams. From seamless outward remittance solutions to expert guidance on financial transactions, Unimoni ensures everyone’s study abroad experience is smooth and stress-free.

Follow Unimoni on social media for updates on the Unimoni Student Stars 2024 scholarship program and other exciting initiatives.

Don’t miss out – seize this opportunity to realize global ambitions with Unimoni. Please register today and let Unimoni empower candidates on their educational journey abroad.

To begin the registration process, please visit https://cutt.ly/xehwoWCk  

About Unimoni & Their Customized Services to Meet Everyone’s Needs

Committed to facilitating global education opportunities, Unimoni empowers students to achieve their academic dreams abroad and promotes its services to aspiring students.

Whether you’re remitting funds for tuition fees or living expenses, Unimoni ensures secure and streamlined outward remittance services. Unimoni’s competitive rates and efficient exchange services also make navigating currency exchanges seamless. Our exclusive study abroad forex card offers convenience and security, facilitating hassle-free financial transactions wherever you are. If you need assistance with Guaranteed Investment Certificates (GICs), Blocked Accounts, or Foreign Telegraphic Transfers (FTS), Unimoni provides expert guidance and support.

Unimoni facilitates effortless payments for university fees, hostel charges, and other expenses abroad, ensuring timely transactions to support your academic journey. Unimoni offers comprehensive health insurance plans, flexible and competitive overseas education loan options, and suitable student accommodation to ensure a smooth transition to your new academic environment. You need not worry about visa procurement, passport assistance, flight bookings, and pre-departure orientation!

Unimoni Financial Services Ltd
Web: https://www.unimoni.in / https://remitforex.com  
Email: care@remitforex.com  
Contact : +918129922232

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Faith In Young Champions: Hisense Partners with UEFA Foundation to Bring the Beautiful Game to Hospitalized Children

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QINGDAO, China, July 12, 2024 /PRNewswire/ — During the EURO 2024 tournament, the global home appliance and consumer electronics brand Hisense and the UEFA Foundation jointly launched “Faith In Young Champions,” a public welfare initiative. Innovative robots powered by Hisense enabled hospitalized children from 22 countries to virtually connect with 23 EURO 2024 matches, fulfilling their dreams of attending the event despite physical limitations.

During these periods, children can employ the robot to gain entry into exclusive areas, such as the warm-up zone, locker room or VIP section, directing interaction with their beloved players or teams, so that every football-loving soul can express the purest passion of live football in this way.

As part of its commitment to improving the lives of children, Hisense wants to leverage user-centric technology and social responsibility worldwide. For this remarkable occasion, Hisense supported state-of-the-art commercial products like interactive displays to a hospital in South Africa, and the children had the enriching opportunity to learn how this technology works through interactive activities with the help of volunteers. Also, hospital can use that in their daily office, meeting or discussion, making their working processes more electronic and convenient. 

“We gladly accept the digital board and it will go a very long way to share ideas and brain storm with the directors, doctors and management teams of the hospital, this digital version will make life so much easier.” According to the manager of hospital.

UEFA Foundation was founded in 2015 as a charitable organization governed under Swiss law, with a long-standing philosophy that aligns with the concepts of youth care and social responsibility of Hisense. During the EURO 2024 tournaments, fans also noticed “BECAUSE EVERY CHILD IS A CHAMPION” slogan on the LED board at the pitch side, which perfectly coincides with the “Faith In Young Champions” proposal called upon by Hisense this year, also making the collaboration more possible.

Carine Nkoue, General Secretary of the UEFA Foundation, said, “Football is not only the number one sport in the world but is also a great platform to create solidarity projects for those in need. I would like to encourage all of you to join the activities of the UEFA Foundation for children and become a supporter of this global initiative. With Hisense’s support and the solidarity of the European football family, we can achieve even more.”

Engaging in charitable endeavors and fulfilling corporate social responsibility has long been a cornerstone of Hisense’s corporate culture. The company has proactively allocated resources towards public welfare initiatives with the concept of helping everyone enjoy every moment of life with user-centric technology.

Thanks to its global presence in the diversity industries, Hisense is empowered to take on a broad range of social responsibilities to enhance healthcare and education standards worldwide. Hisense exports ultrasound and other equipment to over 20 countries in Asia, Central and Eastern Africa, and Europe to meet a diverse range of those in needs. Hisense’s commercial display products have also gained market traction in over 40 countries, including Europe, the United States, and the Asia-Pacific region.

For many years, Hisense has actively participated in public welfare activities initiated by world-class sports events. The collaboration this time is a spiritual inspiration to upgrade the CSR campaign from product sponsorship to beyond time and space.

Looking ahead, Hisense and UEFA Foundation will keep working to advance their philanthropic efforts and provide greater benefits to various regions around the world by leveraging their respective resources. 

About Hisense
Hisense is a leading global home appliance and consumer electronics brand. Hisense’s business covers multimedia products (with a focus on Smart TVs), home appliances, and IT intelligent information. Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and Q1 2024, and now operates in more than 160 countries.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/faith-in-young-champions-hisense-partners-with-uefa-foundation-to-bring-the-beautiful-game-to-hospitalized-children-302196238.html

SOURCE Hisense Group

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