November 27, 2022

SpaceChain Paves the Way for High-speed Blockchain Processing in Space with Seventh Payload Launch

Mission validates the high customizability of blockchain-enabled space nodes and feasibility of performing high-speed processing in space

CAPE CANAVERAL, Fla., Nov. 26, 2022 /PRNewswire/ — SpaceChain today announced it has successfully launched its second Ethereum Virtual Machine (EVM) payload into space aboard a SpaceX Falcon 9 rocket, which is on its way to the International Space Station (ISS) for installation via the SpaceX Dragon 2 spacecraft. The mission marks SpaceChain’s seventh successful blockchain payload launch into space, and the second integration of its payload with Velas, the world’s fastest EVM blockchain and open-source platform for decentralized applications.

Once installed and tested on the ISS via Nanoracks, the space node will be capable of processing Velas blockchain on the ISS and sending Velas digital assets from space, such as VLX, tokens and NFTs, in addition to performing complete high-speed transaction services across the Velas platform, including smart contract deployment and coin minting.

Today’s mission not only reaffirms SpaceChain’s commitment in empowering blockchain companies to harness space as a platform for business innovation, and the high customizability of blockchain-enabled space nodes in meeting diverse industry needs, it also validates the possibility and feasibility of performing high-speed blockchain processing in space, and serves as a successful scientific demonstration of SpaceChain’s highly integrative space-as-a-service solutions with EVM compatible blockchain technology.

“As the world’s most progressive enterprises take their businesses to space, they will require a high-speed decentralized infrastructure to meet demands and growth fueled by protocols and financial applications,” said Cliff Beek, CEO of SpaceChain. “Our collaboration with Velas will help lay the foundation for high-speed and ultra-secure blockchain processing and transactions in space, which we believe will become increasingly crucial for those looking to harness space technologies for competitive advantage in the burgeoning space-for-earth economy.”

“It is a historical milestone for Velas to have our integrated space node tested on the ISS through SpaceChain. We are thrilled to see this vision realized, which took many months of planning and coordination with stakeholders in the space industry,” said Farkhad Shagulyamov, co-founder and CEO of Velas. “We are looking forward to strengthening our collaborative effort with SpaceChain to create innovative solutions and business use cases in the near term.”

Velas is the fastest EVM blockchain that is capable of handling 50,000+ transactions per seconds (TPS) with an innovative hybrid consensus of Delegated Proof-of-Stake (DPoS) and Proof-of-History (PoH).

The collaboration between SpaceChain and Velas is poised to improve consensus mechanisms in blockchain, and help generate use cases of space-based blockchain and decentralized infrastructure outside of financial services and cryptocurrencies.

About SpaceChain
Founded in late 2017, SpaceChain established the first satellite platform to provide secure custody, transact digital assets, deploy smart contracts, and facilitate Decentralized Finance Infrastructure (“DFI”) on space nodes. SpaceChain aims to bring advanced security and global access, integrating software defined payloads to progress blockchain applications in orbit. SpaceChain currently has a network of nodes operating on satellites and aboard the International Space Station (ISS). SpaceChain has demonstrated commercial and deployment success for delivering space missions and is now ready to capture high growth and high value. For more information, visit www.spacechain.com.

November 27, 2022

‫تمهد SpaceChain الطريق لمعالجة بلوك تشين عالية السرعة في الفضاء مع إطلاق الحمولة السابعة

تحقق البعثة من قابلية التخصيص العالية لعقد الفضاء المدعومة بسلسلة الكتل وجدوى تنفيذ المعالجة عالية السرعة في الفضاء

كيب كانفرال، فلوريدا، 26 نوفمبر 2022 / PRNewswire/ — SpaceChain أعلنت اليوم أنها أطلقت بنجاح حمولتها الثانية من الآلة الافتراضية Ethereum (EVM) في الفضاء على متن صاروخ SpaceX Falcon 9 ، وهو في طريقه إلى محطة الفضاء الدولية ( ISS ) لتركيبها عبر المركبة الفضائية SpaceX Dragon 2 . تصادف البعثة إطلاق حمولة بلوك تشين السابعة الناجحة في الفضاء، والتكامل الثاني لحمولتها مع Velas ، أسرع blockchain EVM في العالم ومنصة مفتوحة المصدر للتطبيقات اللامركزية.

بمجرد تركيبها واختبارها على محطة الفضاء الدولية عبر نانوراكس ، ستكون عقدة الفضاء قادرة على معالجة blockchain Velas على محطة الفضاء الدولية وإرسال أصول Velas الرقمية من الفضاء، مثل VLX والرموز المميزة والرموز غير القابلة للاستبدال بالإضافة إلى أداء خدمات المعاملات عالية السرعة الكاملة عبر منصة VILAS ، بما في ذلك نشر العقود الذكية والتحصين بالعملات المعدنية.

لا تؤكد مهمة اليوم فقط على التزام SpaceChain بتمكين شركات ال blockchain من تسخير الفضاء كمنصة لابتكار الأعمال، وقابلية التخصيص العالية لعقد الفضاء المدعومة بتقنية blockchain في تلبية احتياجات الصناعة المتنوعة، بل إنها تؤكد أيضًا إمكانية وجدوى تنفيذ معالجة blockchain عالية السرعة في الفضاء، وتعمل كبيان علمي ناجح لحلول SpaceChain المتكاملة للغاية كمساحة كخدمة مع تقنية blockchain المتوافقة مع EVM .

وقال كليف بيك، الرئيس التنفيذي لشركة SpaceChain : “بينما تأخذ أكثر الشركات تقدمية في العالم أعمالها إلى الفضاء، فإنها ستحتاج إلى بنية تحتية لامركزية عالية السرعة لتلبية الطلبات والنمو الذي تغذيه البروتوكولات والتطبيقات المالية”. “سيساعد تعاوننا مع Velas على وضع الأساس لمعالجة blockchain عالية السرعة والأمان والمعاملات في الفضاء، والتي نعتقد أنها ستصبح حاسمة بشكل متزايد لأولئك الذين يتطلعون إلى تسخير تقنيات الفضاء للحصول على ميزة تنافسية في اقتصاد الفضاء مقابل الأرض المزدهر”.

قال فرخد شاجولياموف، المؤسس المشارك والرئيس التنفيذي لشركة Velas ، “من المعالم التاريخية لـ Velas أن يتم اختبار عقدة الفضاء المتكاملة الخاصة بنا على ISS من خلال SpaceChain . نحن سعداء لرؤية هذه الرؤية تتحقق، والتي استغرقت عدة أشهر من التخطيط والتنسيق مع أصحاب المصلحة في صناعة الفضاء”. “نتطلع إلى تعزيز جهودنا التعاونية مع SpaceChain لإنشاء حلول مبتكرة وحالات استخدام الأعمال على المدى القريب.”

فيلاس هي أسرع سلسلة كتل EVM قادرة على التعامل مع أكثر من 50000 معاملة في الثانية ( TPS ) مع إجماع هجين مبتكر من إثبات الأداء ( DPoS ) وإثبات التاريخ ( PoH ).

ويستعد التعاون بين SpaceChain و Velas لتحسين آليات توافق الآراء في ال blockchain ، والمساعدة في توليد حالات استخدام قواعد البيانات المتسلسلة الفضائية والبنية التحتية اللامركزية خارج الخدمات المالية والعملات المشفرة.

نبذة عن SpaceChain
تأسست SpaceChain في أواخر عام 2017، أنشأت أول منصة قمر صناعي لتوفير رعاية آمنة، ومعاملات الأصول الرقمية، ونشر العقود الذكية، وتسهيل البنية التحتية المالية اللامركزية (“ DFI “) على عقد الفضاء. تهدف SpaceChain إلى تحقيق أمان متقدم والوصول العالمي، ودمج الحمولات المحددة بالبرمجيات في تطبيقات blockchain المتقدمة في المدار. ولدى SpaceChain حاليًا فروع شبكية تعمل على الأقمار الصناعية وعلى متن محطة الفضاء الدولية. أثبتت SpaceChain نجاحًا تجاريًا ونجاحًا في النشر لتنفيذ البعثات الفضائية وهي الآن على استعداد لالتقاط نمو عالٍ وقيمة عالية. لمزيد من التعليمات، تفضل بزيارة www.spacechain.com .

November 27, 2022

Life Electric: GWM Brazil brand launch & HAVAL H6 PHEV 4WD World Premiere

BAODING, China, Nov. 26, 2022 /PRNewswire/ — On November 23, at the Museum of Tomorrow in Rio, GWM launched its brand and world premier of its HAVAL H6 PHEV 4WD. GWM Brazil will offer with cleaner and smarter solutions, as a NEV pioneer in the fast growing Latin American market.

Dubbed a theme of “Tomorrow is ON”, GWM introduced its brand vision, smart electric tech and business plan to hundreds of media and investors at the event.

GWM’s global 1st HAVAL H6 PHEV 4WD comes from its Iracemápolis plant, which completed tech upgrade earlier this year from Daimler Group. HAVAL H6 PHEV 4WD also uses a refreshed HAVAL Logo, showing its latest EV tech and image. The model has been specially designed and tuned by GWM R&D team based on local road conditions, user travel habits, and modern charging network. The model features a classing-leading 170km long range, max 762N.m torque and max 289kW power, thanks to the DHT tech independently developed by GWM under L.E.M.O.N. platform (acronym of Lightweight Electrification, Multi-purpose, Omni-protection, and Networking).

“The long range of HAVAL H6 PHEV is very outstanding, which frees us from frequent charging. During the test drive, the model can accelerate quickly with strong power. It also features App-based remote operation and voice commands. These experiences are innovative and excellent,” said a journalist of local media after the test drive.

HAVAL H6 PHEV 4WD is expected to start being delivered in Brazil in the first quarter of next year, with more electrified models following. Brazil will be a landmark and regional hub for GWM, further expanding its network of new energy vehicles in other Latin American markets.

At the beginning of this year, GWM officially took over the former Daimler’s Iracemápolis plant and announced that it would carry out intelligent and digital transformation of the plant. In July this year, when Brazilian Vice President Hamilton Mourão visited the plant, he recognized GWM’s leading technology in the fields of intelligence and new energy.

“GWM will offer new energy vehicles for users with innovative products and new technologies, bringing them clean and intelligent mobility experiences,” said Yang Weiqi, President of GWM Brazil, at the brand launch conference.

About GWM

Great Wall Motor Co. Ltd. (hereinafter referred to as “GWM”), founded in 1984, is an international multi-brand automobile manufacturing enterprise. GWM has set up R&D centers and technological innovation centers in China, the United States, Canada, Germany, Austria, Japan, South Korea, India and other countries and regions. It has 1,301 issued patents and 914 licensed patents in the field of NEVs. Following the release of its 2025 strategy, GWM will continue to build a win-win “forest” industrial ecology with partners upstream and downstream the industrial chain and to invest in R&D so as to create greener, smarter and safer products for global users.

Photo – https://mma.prnewswire.com/media/1955834/GWM_HAVAL_H6_PHEV_4WD.jpg

November 27, 2022

DEWA commissions two new transmission substations

DUBAI, Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of AED180 million. DEWA also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables with a conversion transmission of 2,000 MVA, at total cost of AED338 million. This raises the total number of 400 kV transmission substations in Dubai to 27 stations and the number of 132kV transmission substations to 333 stations, in addition to 30 other 132kV substations under construction.

DEWA has awarded new contracts for five 132/11 kV substations in citizen housing neighbourhoods in Wadi Al Amardi, Wadi Al Shabak, Nadd Hessa, Al Khawaneej 2, Al Awir 1, with a total cost of AED440 million.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, highlighted DEWA’s commitment to providing a decent life for citizens by providing the infrastructure needed to implement the integrated housing plan launched under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to provide 15,800 citizen housing in Dubai over the next four years. The plan also aims to enhance the quality of life in all residential areas for Emiratis and strengthen social wellbeing.

“We strive to provide a state-of-the-art infrastructure to ensure the continuity of electricity and water services according to the highest standards of availability, reliability, and efficiency to keep pace with Dubai’s rapid developments and achieve the Dubai 2040 Urban Master Plan. DEWA’s investments in electricity transmission projects between 2021 and 2024 is AED10 billion. This includes AED2 billion for 400 kV transmission projects and AED8 billion for 132 kV projects. DEWA recorded substantial growth in the number of new transmission substations by 22 percent in the first half of 2022, compared to the same period last year. DEWA’s adoption of the latest disruptive technologies of the Fourth Industrial Revolution, smart technologies and innovative practices across all its operations, has contributed to achieving 100 percent in the reliability and availability of the energy transmission system in Dubai, and achieving the best performance among utilities worldwide in energy transmission since 2018,” added Al Tayer.

Hussain Lootah, Executive Vice President – Power Transmission at DEWA, said that transmission substations are implemented according to the highest standards of quality, efficiency, and safety, based on the latest digital technologies for transmission substations, thus enhancing DEWA’s efforts to promote digital transformation in all its service and operations.

Source: Emirates News Agency

November 27, 2022

Dubai Chambers unveils plans to expand roles of business councils in Dubai

DUBAI, Dubai Chambers has unveiled new plans to establish new country-specific business councils operating in Dubai and expand their roles to support ongoing efforts to boost Dubai’s non-oil foreign trade and create new channels of economic cooperation between business communities in the emirate and promising markets around the world.

The announcement was made by Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, who addressed more than 150 ambassadors, consul generals and commercial attachés at the Diplomatic Circle Dinner 2022.

The event was held at the Bulgari Hotel & Resort in Dubai in the presence of Juma Mohammed Al Kait, Assistant Undersecretary for International Trade Sector – UAE Ministry of Economy; Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers; and Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM).

Al Ghurair called on ambassadors and members of the diplomatic community in the UAE to offer their support in establishing several new business councils that would provide the right platforms for businesses in the UAE and abroad to connect, collaborate and build mutually beneficial partnerships.

“We are putting a new comprehensive framework into place that will restructure and expand the role of business councils in Dubai to boost its foreign trade and promote cross-border business opportunities for member companies. These councils will cover markets of strategic importance to Dubai and support us as we further expand our presence across Africa, Latin America and the Middle East and attract more companies and investment from these regions,” Al Ghurair said.

Al Ghurair encouraged existing business councils to leverage Dubai International Chamber’s vast network of international offices to their benefit, operate more effectively and provide their members access to attractive growth opportunities in the UAE and abroad.

He revealed that Dubai Chambers would organise a special forum in 2023 to engage members of business councils, as well as representatives from embassies, consulates and foreign trade and commercial offices operating in the UAE and invited participants to attend the event.

He informed participants about important economic developments and several new initiatives and functions introduced by Dubai Chambers aligned with its new strategic priorities that aim to enhance the business environment and economic competitiveness in Dubai.

In addition, he thanked members of the diplomatic community for their vital support in assisting Dubai Chambers’ events, trade delegations and other activities in 2022, including its participation at Expo 2020 Dubai, which he says significantly contributed to the organisation’s success and achievements.

During his special remarks, Juma Mohammed Al Kait, Assistant Under-Secretary for International Trade Sector – UAE Ministry of Economy, elaborated on the UAE’s strategic plans to enhance the regulatory environment, open new export markets, adopt advanced technologies and ensure an ideal ecosystem for talent and entrepreneurs.

He stated that the UAE is building a modern economy as a global hub for trade and foreign investment in line with the government target of doubling the size of the economy from AED 1.4 trillion to AED 3 trillion by 2030. He highlighted the importance of bilateral trade deals and comprehensive economic partnership agreements signed between the UAE and leading economies in accelerating trade, strengthening supply chains, creating investment opportunities and boosting innovation.

“The UAE is ready – more than ever – to do business with the world and form mutually beneficial partnerships that promise brighter, better future for all,” Al Kait said as he called on business communities from around the world to capitalise on market opportunities emerging in the country.

The UAE is also attracting a new generation of foreign direct investment to accelerate our industrial innovation ambitions. We are welcoming all forms of capital – technological and financial, Al Kait said, identifying healthcare, education, agritech, food production, fintech, financial services and advanced technologies as key target sectors for FDI.

He added that new residency rules applicable to golden visas and green visas, as well as upgraded laws related to commercial companies, employment and family-owned businesses will help ensure the UAE’s sustainable economic growth.

During a panel discussion held at the Diplomatic Circle Dinner 2022, the panellists shared their valuable insights and views on a wide variety of important matters, including cost of doing business in Dubai, the role of comprehensive economic partnership agreements in driving trade and existing support for local and international companies, in addition to new plans to streamline government services for companies in the UAE and abroad that aim to enhance ease of doing business.

Source: Emirates News Agency

November 27, 2022

Dubai Customs launches “Al-Bairaq (Banner) Challenge Award” to raise c

In a virtual ceremony attended by Dubai Customs executive directors, heads of departments and customs centers, H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation launched the Al-Bairaq (Banner) Challenge Award.

The “Al-Bairaq Award” aims to motivate and develop the skills of customs inspectors, enhance corporate competitiveness, and boost team spirit, in support Dubai Customs mission to secure the borders and protect the society.

?In the ceremony, His Excellency Ahmed Mahboob Musabih said this award comes to stimulate competition among customs inspectors and develop their skills by involving them in comprehensive competitions.

Musabih stressed that customs inspections are among the main tasks of customs authorities around the world to secure the borders and protect the societies by curbing all smuggling attempts.

“Developing our inspectors’ skills is a strategic priority, and this is achieved through providing best and latest training tools as part of Dubai Customs strategic plan 2021-2026 which aims to lead customs sector globally in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,” said Musabih. “The Al-Bairaq Challenge Award will motivate inspectors to be more creative in handling their tasks at different crossing borders, and will enhance competition among inspectors to further hone their skills by using the latest methods and adopting best practices in the field.”

For his part, Mohammed Al Ghaffari, Executive Director, Human Resources, Finance and Administration Division at Dubai Customs, said: “Dubai Customs prepares and develops future national cadres, who are capable of leading the customs sector. Building and developing inspectors’ competencies is a strategic priority that we are working to achieve, and we do this by providing sophisticated training programs and tools. This award will help raise competitiveness among the inspectors, to work harder and smarter to facilitate trade and secure the borders from the hazards of smuggling illegitimate goods.”

The award has four main criteria (knowledge, technical, field, and leadership), and all customs centers, including sea, land, air (airports), and air freight will be involved in the challenge. A panel of experts will assess the participants and winners will be announced in January 2023.

Source: Dubai Customs