Global blockchain ecosystem, Binance, today announced its investment in Numbers, a blockchain protocol focused on data traceability and monetization.
Is Bitcoin Traceable? Crypto Exchange Binance invests in data traceability – Numbers aims to create an open, transparent and traceable data system. The Numbers team has developed a fully open-source application that assures data traceability and digital evidence, thus allowing individuals to own and monetize their personal data. Since 2019, Numbers has been working with Shoah Foundation, Stanford University, and IBM for the Starling project to establish the data traceability and verification systems to pre-load the applications on Exodus, the blockchain-powered smartphone series launched by the global smartphone manufacturer HTC.
“The Numbers team has strong technical backgrounds and expertise in building blockchain applications with practical use cases. We are happy to have Numbers as part of the Binance ecosystem,” said Gin Chao, Binance Strategy Officer. “Numbers app is integrated with Binance Chain through Zion, a hardware-based key management system and offers the developer community easy access to use the Binance Chain and for hardware wallet protection, digital signature and so on.”
“We want to help everyone to create traceable and trustworthy data through an open data framework. By trading such data, not only can individuals get a reasonable reward, but the society also benefits because we rebuild the trust and enhance the operational efficiency in the process,” said Bofu Chen, Numbers co-CEO. “The investment from Binance will help us explore more use scenarios and accelerate technological and business development. We are also working to open the libraries we built for the developer community in 2020 so that more developers can leverage our work and use the Binance Chain with more ease.”
Numbers creates an “integrity assurance data framework” that can trace, verify and analyze data near data origin. The framework will be fully open-source and transparent. The goal is to help the media, governments, and enterprises create a data system in which integrity is assured. Our partners include Stanford University, National Taiwan University, Binance and HTC Exodus. We believe traceable documentation for food helps us maintain healthy bodies, and traceable contents and data will help us maintain healthy minds and society.
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, visit: https://www.binance.com
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