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LF Decentralized Trust Adds HKMA, Mastercard, and More as Members

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Spotlights Line-up of New Projects, Releases, Labs, and Deployments at First Meeting of Global Community at Member Summit

SAN FRANCISCO and HONG KONG, Oct. 28, 2024 /PRNewswire/ –Today, Linux Foundation Decentralized Trust (LF Decentralized Trust), the premier open source foundation for decentralized technology ecosystems, announced Gala Games, Mastercard, Qila, and Stellar as additional general members. In addition, Hong Kong Monetary Authority (HKMA) has joined as an associate member. 

The involvement and investment from these additional members will be valuable as we scale LF Decentralized Trust

With HKMA, there are now a total eight central banks and financial authorities that are associate members of LF Decentralized Trust. As members, they play a valuable role in defining the technical requirements for Central Bank Digital Currencies (CBDCs) and encouraging consistent development and application of common components in projects worldwide. This work is on display in sessions like the Project Ensemble roundtables taking place during Hong Kong Fintech Week, which features contributions and insights by Daniela Barbosa, General Manager of Decentralized Technologies at the Linux Foundation and Executive Director of LF Decentralized Trust. 

“As we continue to develop and enhance the Ensemble Sandbox, the HKMA is proud to support the Linux Foundation Decentralized Trust as a founding member,” said George Chou, Chief Fintech Officer, Hong Kong Monetary Authority. “This initiative aligns perfectly with Project Ensemble’s commitment to fostering innovation through open-source technologies. By leveraging decentralised technology in the Sandbox, the HKMA aims to enhance the efficiency, transparency, security and interoperability of the tokenisation market in Hong Kong. We believe that collaboration within this vibrant ecosystem can promote meaningful advancements in financial services, ultimately benefiting all stakeholders.”

These new members joined in time for LF Decentralized Trust Member Summit, the first convening of the organization’s global member community. Member Summit is a member-only forum for discussing the growing line-up of LF Decentralized Trust projects, labs, and deployments and engaging the global community in planning for the upcoming year. As a lead-up to the summit, the technical leadership of LF Decentralized Trust projects gathered for a two-day, invite-only Maintainer Days event to share knowledge, collaborate, and strategize project roadmaps.

The Member Summit agenda featured speakers from around the world sharing development and deployment updates and lessons, including the latest on multiple new labs and projects as well as deep dives into cross chain, token, and privacy requirements and technologies. 

“The creation of LF Decentralized Trust has created a groundswell of interest and action from new and existing members and project communities,” said Barbosa. “There is a robust pipeline of proposals for new technologies to come under our umbrella as new projects, labs, and updates, reflecting the excitement for a neutral host for this next generation market infrastructure. The involvement and investment from these additional members will be valuable as we look to scale LF Decentralized Trust to meet the needs of the community and the market.”

New General Member Quotes

The support of LF Decentralized Trust’s members is what makes it a neutral home for technical collaboration and innovation:

Gala Games

“Our membership in LF Decentralized Trust and collaboration with the Hyperledger Fabric community represent a groundbreaking moment in Gala’s journey to reshape entertainment through decentralized technology,” said Eric Schiermeyer, founder and CEO of Gala Games. “With GalaChain, we’re creating a blockchain specifically designed for the worlds of gaming, film, and music—an industry-first. We’re excited to work with the best in the field, driving innovation and setting the standard for Web3 entertainment.”

Mastercard

“Mastercard and the Linux Foundation share a common vision to drive innovation, set new standards for digital transactions, and foster a more inclusive and efficient digital economy,” said Raj Dhamodharan, executive vice president, Blockchain and Digital Assets at Mastercard. “As a founding member of the Linux Foundation Decentralized Trust, we’re excited to bring our expertise and Multi-Token Network (MTN) solution together to advance secure, scalable, and interoperable solutions that support the future of global financial applications and services.”

Qila

“Qila.io is excited to become a member of the Linux Foundation Decentralized Trust, contributing to the transformative journey of Web3 infrastructure, where decentralized solutions are reshaping value creation,” stated Sid Ugrankar, CEO of Qila. “By joining this esteemed initiative, we are committed to empowering enterprises, developers, and communities to seamlessly adopt blockchain and tokenization technologies. Our focus is on fostering innovation and transparency to support a more secure and inclusive digital ecosystem, driving impactful changes, and helping to build the decentralized economy of tomorrow.”

Stellar

“The Stellar Development Foundation is joining LF Decentralized Trust because it aligns with the foundation’s mission to create equitable access to the global financial system through blockchain technology,” said Stellar Development Foundation CEO Denelle Dix. “Being a part of LF Decentralized Trust gives the Stellar Development Foundation the opportunity to collaborate with other leaders in blockchain to shape this technology and deliver real world utility that solves problems for people.”

About Linux Foundation Decentralized Trust

LF Decentralized Trust is the neutral home for the open development of technologies that empower organizations to innovate with secure and resilient code. It is the Linux Foundation’s flagship organization for a broad range of technologies and standards that deliver the transparency, reliability, security, and efficiency required for a digital-first economy. Supported by a diverse, global base of members and communities, LF Decentralized Trust champions open source best practices across a growing ecosystem of blockchain, ledger, identity, cryptographic, and related technologies. To learn more, visit: www.lfdecentralizedtrust.org.

About the Linux Foundation

The Linux Foundation is the world’s leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects, including Linux, Kubernetes, Node.js, ONAP, OpenChain, OpenSSF, PyTorch, RISC-V999, SPDX, Zephyr, and more, are critical to the world’s infrastructure. The Linux Foundation focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.

Contact:
Emily Fisher
LF Decentralized Trust
PR@lfdecentralizedtrust.org

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Michael Johnson Promoted to VP of Technical Services for Astro Pak

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Astro Pak promotes Michael Johnson to Vice President of Technical Services, now overseeing both the Technical Services and Engineering Services Groups. A seasoned expert in spaceflight hardware cleaning, Johnson aims to drive innovation in high-purity cleaning and support Astro Pak’s growth. The Technical Services Group focuses on pioneering industry processes, while the Engineering Services Group advises on facility design for longevity and safety.

COSTA MESA, Calif., Nov. 13, 2024 /PRNewswire/ — Astro Pak announces that Michael Johnson has been promoted to its Vice President of Technical Services. He is stepping up from his previous role as Director of Technical Services for the company. His new role places both the Technical Services Group (TSG) and the Engineering Services Group (ESG) under common leadership. The TSG is Astro Pak’s Research and Development group made up of subject matter experts with deep knowledge gained through many years of experience in their respective fields. This team is dedicated to developing new, industry-leading processes and chemistries, some of which become the industry standards. Additionally, the group also serves as an internal consulting resource for Astro Pak’s Field Services and Cleanroom divisions in providing expert advice on resolving its clients’ most challenging projects. Meanwhile, the ESG is a relatively new, customer-facing resource which can be engaged to consult on best practices when designing new facilities to maximize their maintainability to ensure longevity and product safety.

“Our mission is to position Astro Pak on the technological forefront of precision and high-purity cleaning, providing ongoing support for sales, operations, and business development.”

Mr. Johnson himself is a recognized subject matter expert in the highly specialized field of precision cleaning of spaceflight hardware. He joined Astro Pak in March of 2021 after a career of nearly 30 years at the Kennedy Space Center in Florida. There, his work included serving as General Manager of the Chemical Analysis Laboratory and Spaceflight Hardware Precision Cleaning and Refurbishment Operation which included the Space Shuttle program. His other work included designing facility equipment and solvent delivery system as well as working with Boeing and NASA to replace the environmentally hazardous Freon 113 solvent. He also led a team collaborating with Lockheed to clean a contaminated titanium tubing system onboard the Orion space capsule without the need to remove it.

In his new role, Mr. Johnson plans on continuing his mandate “to build and lead a department whose mission is to position Astro Pak on the technological forefront of precision and high purity cleaning and to provide ongoing technical support for sales, operations, and business development.

Media Contact

Mary Cheng, Astro Pak, 9492700812, marketing@astropak.com, https://astropak.com/ 

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SOURCE Astro Pak

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Revolutionizing Heart Health: Frontier X Plus Gains FDA Clearance

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NEW YORK, Nov. 13, 2024 /PRNewswire/ — Fourth Frontier, a medical technology company based out of New York and Bangalore, announced the 510(k) clearance of the Frontier X Plus from the U.S. FDA. The Frontier X Plus is an innovative single-lead, continuous ECG monitor that is worn around the chest and wirelessly relays the user’s ECG instantly to remote dashboards. A range of advanced algorithms identify and classify cardiac rhythm as Bradycardia, Tachycardia, Normal Sinus Rhythm, or Atrial Fibrillation. The device demonstrated best-in-class signal quality during a range of motions including during intense exercise. The wearable ECG monitor further demonstrated equivalence in the classification of cardiac arrhythmias when compared with the conventional 12-lead ECG, through clinical trials in India and the US.

According to the Center for Disease Control, one person dies every 33 seconds from Cardiovascular Disease (CVD), and CVDs are responsible for one in every five deaths in the US. The American Heart Association reports that between three to six million Americans have reported an incidence of Atrial Fibrillation. This number is expected to rise to 16 million by 2050. Atrial Fibrillation has been described as a global epidemic and is a key indicator of reduced morbidity and mortality in individuals of all age groups. Globally, the incidence and prevalence of Cardiovascular Disease (CVD) has been increasingly observed in younger individuals and is one of the leading reasons for premature death.

“We have seen cardiac arrhythmias develop in individuals of all ages, and the incidence is significantly higher for individuals who are both active and have cardiac health risk factors. The percentage of population that falls in the confluence of these categories is continuously rising. Since the FX+ is able to capture ECGs during all kinds of motion and activity, we think this will be a game changer and significantly improve the early detection of cardiovascular disease,” said Manav Bhushan, co-founder and CEO of Fourth Frontier.

With this clearance, the company plans to enter the US market as a prescription based, class II medical device. Fourth Frontier will partner with Independent Diagnostic Testing Facilities (IDTFs) and cardiac rehabilitation centers to offer at-home remote monitoring services. In the near future, the company has plans to introduce AI algorithms which analyse the ECG for early diagnosis of different kinds of heart conditions, a potential breakthrough for people using the device in their everyday lives.

About Fourth Frontier:

Fourth Frontier is a pioneering health tech company that builds and offers products and services for monitoring and improving heart health for people across the world.
Cardiovascular disease is the leading cause of mortality across the globe. Despite its importance, affordable products and services to monitor and improve heart health from the comfort of the home have not been available to consumers. Fourth Frontier is committed to solving this important problem.
With over 150 million minutes of data, 120,000+ users, and a presence in 4,000+ cities across 50+ countries, the device is trusted by people who want to enhance their heart health and fitness.
To learn more about Fourth Frontier, please visit www.fourthfrontier.com, or follow us on Linkedin or Twitter.

Media Contact: pr@fourthfrontier.com

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Logo: https://mma.prnewswire.com/media/2556496/Fourth_Frontier_Logo.jpg

 

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/R E P E A T — MEDIA ADVISORY- Governments of Canada and Northwest Territories to Make Critical Minerals Infrastructure Announcement/

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YELLOWKNIFE, NT, Nov. 8, 2024 /CNW/ – Michael McLeod, Member of Parliament for the Northwest Territories, will make a critical minerals infrastructure announcement on behalf of the federal Minister of Energy and Natural Resources, alongside Caroline Wawzonek Northwest Territories Deputy Premier, Minister of Finance, Minister of Infrastructure and Minister Responsible for the Northwest Territories Power Corporation. Media availability will follow.

Date: Wednesday, November 13, 2024

Time: 2 p.m. MT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca.

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SOURCE Natural Resources Canada

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