SINGAPORE, June 14, 2022 /PRNewswire/ — EDNS proudly announces the beta release of EDNS Message, a feature on top of EDNS Platform that integrates Mobile messages into Web 3.0 technology. This feature is the first ever in the blockchain market to connect Web 3.0 with traditional telecom services as a way to protect the transaction security of digital assets.

EDNS is a EVM-based blockchain solution for name and lookup service. It allows blockchain users to translate their machine-readable addresses to human-readable addresses. It provides a Decentralized Domain Naming Service for Web3.0-related demands, including digital Wallet, Web hosting, Web3.0 ID in the Digital world. Moreover, to serve a wider range of users, EDNS will expand to support more blockchains, and ultimately become a multichain platform. 

The current issue we are facing

The digital wallets in the market only allow peer-to-peer transactions based on public addresses that are pseudo-anonymous, users can not tell who initiates it or who the recipient is. Nor can they communicate with the recipient of that transaction.

Now that’s where EDNS comes in.

EDNS is here to solve with EDNS Message

The EDNS Platform powered by EDNS, which allows users to create a universal nickname for all their public addresses and decentralized websites, launched on Apr 12th, 2022. With an ambition to bridge the gap between Web 2.0 and Web 3.0, EDNS has achieved several milestones including the success of rolling out the beta release of EDNS Message.

Being the first of its kind in the Web3.0 space, EDNS Message comes with a unique feature that makes domain-to-mobile communication come true, which brings back telecommunication to the contemporary Web 3.0. This function is convenient and secure in that users can now send messages to each other within EDNS networks freely through their registered domain and phone number.

Use case: two-factor authentication

EDNS Message tackles the issue lurking in existing decentralized solutions – wallet transactions fail to determine the identity of the recipient, which easily causes wrong transactions or even funds to be stolen. With your phone number associated with the system, EDNS Message can secure wallet access and transaction confirmation by verifying through messages received by the user as a two-factor authentication step.

EDNS Message Public Test

EDNS has launched the EDNS Message Public Test Campaign to encourage users to try out this function recently. Interested users can now follow EDNS’ official channels for more information.

In the meantime, EDNS CEO Ms. Joey Lam showcased her excitement about EDNS Message beta release saying, “the EDNS team is privileged to help the world match towards the Web 3.0 horizon with state-of-the-art technology. ” She added, “EDNS Message will create a unique user experience in Web 3.0 with their digital asset transaction safeguarded by ENDS technology.”

What’s next at EDNS?

EDNS has more features in the pipeline that will significantly enhance web security and digital asset protection to realize its goal of bringing to the market the best-decentralized scaling solution for Web 3.0 in the domain frontier. EDNS will also provide decentralized storage, decentralized Web Hosting, and Web building services that push Web 2.0 towards a truly decentralized future.

Follow EDNS for our latest updates and announcements:
Website: http://edns.domains/
Twitter: https://twitter.com/ednsdomains
Linkedin: https://www.linkedin.com/company/79088898
Telegram: https://t.me/edns_community
Discord: https://discord.com/invite/XesptqUUmm
Medium: https://medium.com/@edns.domains
Facebook: https://www.facebook.com/ednsdomains
Youtube: https://www.youtube.com/channel/UCG-v-5UlRKCyPYsJts2zxfA?sub_confirmation=1

SINGAPORE, June 8, 2022 /PRNewswire/ — ADVANCE.AI, a leading AI company specialising in digital identity verification, risk management and process automation, is the first company in Southeast Asia to successfully pass iBeta’s Presentation Attack Detection (PAD) test against fraudulent attacks in compliance to the International Organization for Standardization (ISO) 30107-3 standard for its liveness detection products.

The ISO 30107-3 is one of the most stringent technical standards that is recognised internationally for the robustness of biometric technology against presentation attacks. The accreditation is a testament to ADVANCE.AI‘s liveness detection’s capabilities in meeting global biometric standards.

ADVANCE.AI offers a comprehensive suite of solutions including KYC (Know Your Customer), KYB (Know Your Business) and KYT (Know Your Transaction) services that are consolidated into a single, easily customisable platform. Usage scenarios include customer onboarding, credit assessment as well as compliance, fraud and risk management.

Steven Zhou, Product Director of ADVANCE.AI, said, “Navigating complex regulatory and compliance standards is one of the biggest challenges for today’s businesses, especially in the financial services, fintech and web3.0 industries. Receiving this globally recognised security standard gives our clients and partners the re-assurance that our comprehensive market-leading solutions are compliant, high quality and meet global standards.”

ADVANCE.AI is part of Advance Intelligence Group, one of the largest independent technology startups based in Singapore with operations across South and Southeast Asia, Greater China, Latin America and Africa. ADVANCE.AI‘s flagship product, One-Stop Platform, provides a unified customer onboarding and profiling platform that combines 200+ data sources to power real-time response and fraud detection, with no-code orchestration capabilities that empowers businesses to deliver a safe, quick, and frictionless onboarding experience.

About ADVANCE.AI

ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and digital lending solutions, it currently partners 700+ enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI is part of Advance Intelligence Group, one of the largest independent technology startups based in Singapore. Founded in 2016, the Group has presence across South and Southeast Asia, Latin America and Greater China. The Group is backed by top tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar, Vision Plus Capital, Gaorong Capital, Pavilion Capital, GSR Ventures and Singapore-based global investor EDBI.

Launches the National Digital Trust Centre and co-creates the future of AI standards and governance with global partners through A.I. Verify

SINGAPORE, June 1, 2022 /PRNewswire/ — At the ATxAI conference, a part of Asia Tech x Singapore (ATxSG), Mrs. Josephine Teo, Singapore’s Minister for Communications and Information announced the launch of the Digital Trust Centre (DTC) to lead Singapore’s research and development efforts for trust technologies, and support talent development in this space. She highlighted that as technology evolves, new risks will emerge. Therefore, it is important to invest in trust technologies^[1] such as Privacy Enhancing Technologies (PETs) that preserves data privacy while the data is being analysed, as well as trustworthy AI technologies which help verify and explain the expected performance of AI systems.

About the Digital Trust Centre

The Centre is funded by a S$50 million investment from the Infocomm Media Development Authority (IMDA) and the National Research Foundation (NRF) under the Research, Innovation and Enterprise (RIE) 2025 plan^[2]. Hosted by the Nanyang Technological University, the Centre is a national effort to focus on four key areas of trust technologies. To achieve this, DTC will embark on the following:

• Trust Tech Research – Enable Institutes of Higher Learning and Research Institutes to pursue research excellence in Trust Technologies and drive local and international collaborations.
• Trust Tech Innovations – Encourage academia and enterprises to co-develop and mature research ideas into market-ready solutions.
• New sandbox environment – Enable businesses to experiment with Trust Technologies to alleviate challenges with data sharing. 
• Deepen local capabilities – Nurture 100 R&D talents in digital trust.

Singapore stepping up its contribution to GPAI through the DTC

Singapore is a founding member of the Global Partnership on Artificial Intelligence (GPAI), which is a multi-stakeholder initiative that fosters international cooperation to bridge the theory and practice in AI. Singapore contributes actively to GPAI through expert groups such as data governance and commercialisation. Singapore plans to step up its contributions to GPAI through the DTC.

To this end, IMDA and the International Centre of Expertise of Montreal for the Advancement of Artificial Intelligence (CEIMIA) signed a Memorandum of Understanding today for one of the world’s first cross-border collaboration on PETs. Under this, solutions will be developed to demonstrate how PETs can overcome privacy and compliance challenges for organisations building novel applications that leverage cross-organisation and cross-border data. The experience will guide future research and development, business adoption of PETs and contribute towards the development of international standards.

The DTC will be the implementation partner for this collaboration between the IMDA and CEIMIA, which is one of the two centres of expertise for GPAI.

Co-creating standards for Trustworthy AI with industry

A.I. Verify, the world’s first AI Governance Testing Framework and Toolkit, was launched at the recently concluded World Economic Forum Annual Meeting in Davos, Switzerland. A result of close collaboration with global industry partners, ten companies^[3] from different sectors were involved in the testing of its Minimum Viable Product and feedback process.

Minister Teo announced Singapore’s intention to work with an even wider group of stakeholders through an international pilot to enhance A.I. Verify, co-develop benchmarks and better methods of verifying trustworthy AI, and devise more effective ways to explain what factors affect the behaviour of AI applications to internal stakeholders, business partners and customers.

Singapore furthers regional cooperation

Singapore and Association of Southeast Asian Nations (ASEAN) members won the top award at the World Summit on the Information Society (WSIS) Prizes Ceremony 2022 in the category of “International and Regional Cooperation” for its ASEAN Data Management Framework (DMF) and Model Contractual Clauses for Cross Border Data Flows (MCCs).

This initiative was led by Singapore as Chair of the ASEAN Working Group on Digital Data Governance, and developed in consultation with ASEAN businesses. The toolkits will help businesses in ASEAN transact and collaborate in the digital economy with ease and confidence. DMF provides a step-by-step guide for SMEs to put in place a data management system with data governance structures and safeguards. MCCs are template contractual terms and conditions that may be included in the binding legal agreements between businesses transferring personal data to each other across borders. This reduces compliance costs and saves time required for lengthy contract negotiations, especially for SMEs while ensuring personal data protection when data is transferred across borders.

Minister Teo also signed a Memorandum of Understanding (MOU) on digital cooperation with H.E. Abdul Mutalib Yusof, Brunei’s Minister of Transport and Information, as part of Singapore’s robust network of digital economy government-to-government MOUs in the Asia Pacific region and beyond, to advance collaboration in the digital economy and digital connectivity.

Highlights of ATxSummit Day 2 – Inspiring Women in Tech

At ATxInspire – SG Women in Tech, Minister Teo was joined by H.E. Bolor-Erdene Battsengel, Secretary of State, Ministry of Digital Development and Communications, Mongolia, H.E. Makishima Karen, Minister of Digital Agency. Japan and Ms. Jessica Tan, Co-Chief Executive Officer, Ping An Group. They spoke on the changing roles of women in tech as well as efforts to attract, retain and develop women to support the tech sector.

About the Infocomm Media Development Authority (IMDA)

The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harness frontier technologies, and develop local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.

For media queries, please reach out to:

Sangeetha Kannan, OPRG for IMDA

Tel: +65 8769 5324 | Email: sangeetha.kannan@omnicomprgroup.com