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Binance Smart Chain trials community-governance voting mechanism to provide grants to Top BSC projects

Binance Smart Chain | November 30, 2021

Binance Smart Chain, the leading Defi, NFT and Infra platform, has completed the first community-voting mechanism pilot for its Most Valuable Builder Program that selected top ten projects from a pool of industry-leading BSC projects.

The process of selecting the winners was on a decentralized-based voting mechanism where key members of the BSC community participated and voted.

With Gelato Network, Radio Caca, Deri Protocol, Thetan Arena, MCDEX, Qubit, Biconomy, Zoo Crypto World, DeBank and Venly.io being chosen as the top winners eligible for $10,000 grants and investment opportunities under the $1B BSC Fund.

In total, 245 BSC startups participated, a multitude of which grew by ~5X on average across the different metrics (users, transactions, volume, etc.). MVB BUIDL Rewards (Gas rebate program to builders) distributed over 2,800 BNB in October to more than 100 projects. That equals $1.82 million returned in transaction fees to projects building on BSC.

The finale was also one of the first pilots of BSC's public voting mechanism to increase the smart chain's transparency and community governance. The voting started on November 18 at 13:00 UTC and ended on November 25 at 13:00 UTC.

We're looking to onboard the next billion users in the crypto ecosystem. This requires participation from multiple stakeholders, including the ever-evolving crypto startups. By providing exposure and investment opportunities to the MVB III winners, we are fueling high potential projects to drive mass adoption."

Gwendolyn Regina, Investment Director at BSC Accelerator Fund

The members eligible to cast their ballot were part of BSC's voting committee who utilized NFT badges to select potential projects.

The committee members were selected based on their contribution to the BSC ecosystem to improve the progressive decentralization goal. Members were distributed into five categories with various voting powers including BSC's core team, VCs/mentors, universities, KOLs/Media and previous MVB winners. That ensured unbiased and objecting voting.

The governance mechanism was based on a weighted voting model. A total of 30 voting badges were distributed amongst 30 committee members and received 23 valid votes (effective votes accounted for 76.66%). At the end of the voting process, all voting power was accounted for and projects with the highest votes were announced as the Top MVB III winners.

About Binance Smart Chain
Binance Smart Chain (BSC) is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed for a lightning speed and low transaction fees while adding Smart Contracts functionality for dApps - BSC tops in infrastructure performance as the biggest DeFi blockchain with 100M+ users in its ecosystem.

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H3C AD-WAN Solution Helps LiveCom's Global SD-WAN Operation

H3C | December 07, 2022

According to Omdia's report, the compound growth rate of the global SD-WAN market will reach 11.9% from 2021 to 2027, and the market size will exceed USD 10 billion by 2027, continuing to lead the enterprise network service market. In recent years, as the epidemic accelerated the digital transformation of the industry, more and more enterprises have chosen cloud, and the demand of enterprises for campus networks, data centers and wide area networks has increased rapidly. The SD-WAN (Software-Defined Wide Area Network) has attracted the attention of more enterprises and service providers because it helps enterprises to achieve quality cloud in a more flexible connection mode, while reducing the cost of WAN. Although the SD-WAN has a broad market prospect, in fact, the existing SD-WAN solutions cannot fully meet the customer demands. Presently, in Chinese market, most manufacturers lack the capability to optimize end-to-end network resources, so it is difficult to provide a complete set of solutions. In the international market, the solutions of some manufacturers are realized through mergers and acquisitions, which causes problems such as high prices, difficult operation and maintenance, long development cycle, etc., which greatly affects the deployment progress of the SD-WAN. Based on the insight into the industry pain points, H3C AD-WAN solution, with the concept of "application-driven network", carries out innovative explorations around technical architecture, business experience, security protection and control, operation and maintenance management, business model and other fields, offers new features such as new service modes, WAN optimization, multi-cloud connection, end-to-end SRv6, SASE business automation, etc., and helps the customers build full-scenario, whole-domain and full-lifecycle intelligent WANs, which can better meet the requirements of the operators in the "post-epidemic" era for end-to-end control, operation, and maintenance for SD-WAN construction. This solution has now been applied to overseas market. H3C and LiveCom Cooperate Closely to Explore New SD-WAN Modes In March, 2021, the Ministry of Industry and Information Technology issued the Action Plan for Coordinated Development of the "Double Gigabit" Network (2021-2023), proposing to adopt the SD-WAN technical solution to optimize network transmission quality. As encouraged by this policy, the three major domestic telecom carriers have invested in the research and development of SD-WAN intelligent dedicated lines, and the WAN architecture has also turned to SD-WAN in an all-round way. LiveCom is an international carrier that has long been dedicated to cross-border communication information services. With the global business expansion of LiveCom, the number of POP nodes deployed overseas and the volume of business carried by the backbone networks increase. Therefore, the forwarding delay, site deployment, network resource optimization, business operation and maintenance management of its global network are facing greater challenges. In order to further enhance its competitiveness in the global market, LiveCom needs a powerful partner to help upgrade its SD-WAN services in an all-round way, and it is just the right time to cooperate with H3C. After testing SD-WAN products of several manufacturers, LiveCom made a long-term cooperation decision with H3C in less than three months due to the strong advantages of H3C, such as advanced and steady products, professional technicians, and comprehensive service coverage. In the cooperation mode in which H3C provides overall solutions and products, and LiveCom provides lines and technical support, both parties have finally provided customers with high-quality bandwidth operation services based on SD-WAN solutions. At the application level, in the headquarters and branch scenarios, H3C provides hardware products and SD-WAN controllers for deployment, which help LiveCom to establish multiple POP points around the world and deploy branch routers for enterprises. In addition, through the northbound API interface of the SD-WAN solution provided by H3C, LiveCom can customize the display interfaces according to the actual needs of customers, and comprehensively improve the customer experience in operation and maintenance. During the cooperation, both sides have gradually formed a benign and interactive cooperation mode through joint efforts. In the early stage, with deep experience in hardware and solutions, H3C organized pre-sales and after-sales training for LiveCom's technicians in operation, troubleshooting, and calling northbound interfaces of the routers, so as to help them enhance their experience in operating large and medium-sized SD-WAN networks. 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BeyondTrust Unveils Enhanced Privileged Access Management Solutions for Cloud Environments

BeyondTrust | February 01, 2023

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A Partnership Between VMware and Venafi Improves Multi-cloud, Multi-cluster Security

Venafi | January 12, 2023

Vanafi, a leading provider of machine identity management, said that VMware has added its machine identity control plane to its Tanzu service mesh. With this integration, virtual machines, containers, and Kubernetes clusters can talk to each other in a secure way right out of the box. Customers will be able to set up and keep secure connections between applications, services, and other workloads with this integration. Enhanced multi-cloud and multi-cluster security helps to gain better observability, consistency, and freedom of choice when it comes to machine identity management, ensuring regulations are adhered to. Vice president of security strategy and threat intelligence at Venafi, Kevin Bocek, said, "It's exciting to see VMware simplifying customers' cloud-native journeys while still ensuring enterprise-grade security." Moreover, he added, "Other service mesh – such as Istio, only support self-signed machine identities out-of-the-box, which fall outside of companies’ already existing machine identity management infrastructure and trust chains." Further, he said, "It's great to see VMWare is addressing this security gap by tapping into the control plane for machine identity management in a way that’s frictionless and security-team approved." (Source: Businesswire) This enables Tanzu users integrate their service mesh with a trusted certificate authority (CA) of they select to support mutual Transport Layer Security (mTLS) between Kubernetes clusters. This integration will help customers automate the issuance and renewal of machine identities, generate identities from over 40 trusted certificate authorities, and gain unparalleled observability and freedom of choice over machine identity management. It will also help with compliance with regulations. About Venafi Venafi is a cybersecurity company that specializes in machine identity management. It offers solutions that manage and protect identities for various types of machines, including physical and IoT devices, software applications, APIs and containers. The company has a global visibility of all machine identity types and the risks associated with them. Jetstack is a Venafi company that specializes in working with enterprises using Kubernetes and OpenShift. It is an open source pioneer and the creator of cert-manager, an industry standard for cloud native machine identity management. Jetstack's products and solutions protect the application environments and platform infrastructure for global organizations. Venafi has over 30 patents and serves security-conscious organizations and government agencies, including top U.S. health insurers, airlines, credit card issuers, and banks from the U.S., U.K, Australia and South Africa.

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