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Cardano Developer Input | Output and Hedera Join the DeRec Alliance as Final Founding Members, Alongside Algorand Foundation, Hashgraph, Ripple, and XRPL Labs

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DLT Science Foundation, Hashpack, Oasis Protocol Foundation, and Palisade also join ecosystem-wide initiative to bolster security and trust in the web3 industry

LAS VEGAS, Sept. 5, 2024 /PRNewswire/ — Research and engineering company & Cardano developer Input | Output, and Hedera, the open source, leaderless proof-of-stake network, have joined Algorand Foundation, Hashgraph (formerly Swirlds Labs), Ripple, and XRPL Labs, as the final Founding Members of the Decentralized Recovery (DeRec) Alliance, with two-year seats on the Technical Oversight Committee (TOC). DLT Science Foundation, Hashpack, Oasis Protocol Foundation, and Palisade have also joined as Alliance members, to advance the DeRec Alliance’s mission of creating an interoperability recovery standard to facilitate the widespread adoption of crypto and other assets.

Charles Hoskinson, Cardano founder and Input | Output CEO, said: “We’re delighted to be joining the DeRec Alliance to help contribute to this important new cross-platform protocol. Input Output has always been committed to open-source principles, cross-industry collaboration and blockchain interoperability. As an industry seeking to drive wider adoption, we should all be committed to the relentless pursuit of security, accessibility, and improving the user experience. We’re excited to be joining with other industry leaders to collaborate on this initiative to develop and drive common standards for our space and new utility for web3 users.”

Web3 users currently navigate complex processes to safeguard their digital assets, accounts, keys, and passwords, requiring a high level of technical expertise. Launched in January 2024 by Hedera Co-Founder Dr. Leemon Baird, along with leaders from the Hedera and Algorand ecosystems, the DeRec Alliance introduces a new open-source, industry-standard protocol for simplifying and securing digital asset recovery. DeRec provides solutions for protecting various types of data, including keys for any blockchain or ledger, passwords, photos, notes, identity credentials, and cryptographic keys. By addressing the intricate technical challenges hindering Web3 adoption, the DeRec Alliance aims to unite leading organizations in creating user-friendly, accessible experiences for everyone.

“We are happy to welcome the new members to the DeRec Alliance. Their combined expertise and insight will be a great asset to the Alliance,” said Dr. Baird. “It’s exciting to see the industry collaborating across so many ecosystems, to provide the decentralized recovery that the world so desperately needs.”

“Web3 and crypto promised to decentralize and make accessible the systems that matter most. That power comes with a significant responsibility to safeguard your private keys. Web3 has fallen short in delivering a great UX for securing and recovering key material,” said John Woods, CTO of the Algorand Foundation. “We co-founded the DeRec Alliance as part of our mission to improve the UX for the entire ecosystem, from regular users to developers, delivering a better, more accessible, and more secure experience for all. Streamlined key recovery is vital, as is further decentralization of other important infrastructures.”

Founding Members take on a leadership role in oversight and governance. Input | Output and Hedera will hold two-year terms on the Technical Oversight Committee (TOC), offering critical input on the Alliance’s governance structure and core policies. Their leadership ensures that the Alliance maintains its strategic focus and effectively addresses the needs of its growing community.

Charles Adkins, President of Hedera, commented: “From the very beginning, Hedera has been at the forefront of digital asset security. The DeRec Alliance takes this one step further by introducing an open-source protocol that simplifies asset recovery, aligning closely with our mission to enable a new era of trust and transparency. We are proud to join this alliance and make asset protection more accessible and user-friendly.”

Alliance Members play a crucial role in shaping the DeRec Alliance’s direction by providing policy input and overseeing the development of DeRec-based solutions. They nominate candidates for and vote in Technical Oversight Committee (TOC) elections. Members also engage in quarterly meetings and contribute to policy discussions for TOC voting. Additionally, they represent a diverse range of organizations that adopt DeRec Alliance standards and best practices, facilitating decentralized recovery and ensuring its accessibility to a broad user base. Alliance members joining the DeRec Alliance include:

Dr. Paolo Tasca, Founder and Chairman, DLT Science Foundation, said: “Managing digital asset secrets can be cumbersome and risky for users. DeRec revolutionizes this by utilizing a secret-sharing protocol with trusted helpers, ensuring secure and reliable recovery. We at DLT Science Foundation are proud to have co-developed this protocol, which eliminates single points of failure, providing both security and peace of mind.”

May Chan, CEO at HashPack, said: “As the leading non-custodial wallet on Hedera, HashPack is honored to be part of this innovation in key management technology. DeRec has the potential to solve many of the issues users face around managing and recovering their accounts, and we’re excited to one day be able to bring these features to our users.”

Jernej Kos, Director of Oasis Protocol Foundation, said: “Since its inception, the Oasis Protocol Foundation has aimed to enhance the sophistication and user experience of web 3 DApps. For the industry to achieve true adoption, DApps must match web 2 counterparts in flexibility, confidentiality, performance, and user experience. A major challenge has been private key management and recovery, which remains relatively unexplored. Our unified mission is to remove this long-standing friction point and make web 3 more accessible to everyone.”

Tom Kiddle, Co-founder at Palisade, said: “Joining the DeRec Alliance as the first regulated custodian is a critical step for us at Palisade, signaling to the industry that we are passionate about safeguarding assets and private keys—not just for our clients, but across the entire ecosystem. We firmly believe that the future of Web3 hinges on providing users with reliable and secure mechanisms for key recovery. By contributing our expertise in private key management and wallet infrastructure alongside other members of the DeRec alliance, we are helping to prepare Web3 for mass adoption.”

The Protocol
The Decentralized Recovery (DeRec) open-source protocol is a standard approach to secret management, based on secret sharing among a set of helpers (e.g. friends or businesses), who can assist the user in recovering their secret when needed. Each helper’s share reveals no information about the original secret, and half the helpers can give the user their shares to reconstruct the secret, even when a user has lost their phone or other two-factor recovery device. The protocol includes automatic regular confirmations that helpers still have shares of secrets, and automatic re-sharing when secrets change or helpers join or leave. The user never reveals who the helpers are, nor even how many helpers there are, and even the helpers won’t know that.

Organizations interested in joining the DeRec Alliance, or in adopting technology that leverages the DeRec Alliance protocol can visit https://derecalliance.org/.

About The DeRec Alliance
The DeRec Alliance is a group of forward-thinking companies from across the Web2 and Web3 ecosystems that are committed to making the process of securing and recovering digital assets, accounts, and other secrets as simple as existing Web2 experiences. Leveraging a new open source standard, these organizations are working together to help their users and the broader world realize the promise of Web3, without the complexity. For more information, visit https://derecalliance.org/.

Media Contact:
hedera@wachsman.com

View original content:https://www.prnewswire.com/news-releases/cardano-developer-input–output-and-hedera-join-the-derec-alliance-as-final-founding-members-alongside-algorand-foundation-hashgraph-ripple-and-xrpl-labs-302239640.html

SOURCE DeRec Alliance

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Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

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New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

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Socomec, Daitron team up to meet Japan’s growing power demands

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TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/socomec-daitron-team-up-to-meet-japans-growing-power-demands-302755570.html

SOURCE Socomec

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Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

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Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/multi-destination-travel-surges-across-asia-pacific-this-labour-day-tripcom-group-data-shows-302756711.html

SOURCE Trip.com Group

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