March 12th, 2024
Diamante Blockchain Sets New Security Standards with Multi-Layer Authentication for dApps on Diamante Net
Diamante Blockchain, a dynamic force in the finance, payments, and trade sectors, takes another significant step in its commitment towards embracing a secured blockchain ecosystem by introducing the multi-layer authentication mechanism for the dApps built on its proprietary blockchain network, Diamante Net.
Applications built on top of Diamante Net are fortified with a multi-layer authentication mechanism and anti-spamming controls, ensuring that only authenticated users and stakeholders can participate in transactions. Additionally, the encryption mechanism is focused upon the underlying principles of Fully Harmonic Encryption (FHE), reducing the computational requirements for encryption and decryption of data within the network.
“This comprehensive approach to security and encryption safeguards sensitive information and also enhances the efficiency and reliability of our blockchain network, Diamante Net” said Arijit Biswas, Chief Technology Officer. “The multi-layer authentication system furthermore prevents unauthorized or malicious users from engaging in fraudulent activities, safeguarding the integrity of the Diamante ecosystem,” he added.
“The implementation of such state-of-the-art protocols Diamante reaffirms to foster technological innovation within our blockchain ecosystem, enhancing the reliability of our network,” added Chirag Jetani, Co-Founder & COO.
Diamante Net’s advanced security measures are paving the way for dApps and other applications across various industries. Its infrastructure is changing not only traditional fields like Healthcare, Supply Chain, Energy, Security, Gaming, and Real Estate but is also making significant strides in the financial sector with its blockchain solutions.
Leading this financial change is Diamante’s PayCircle, a comprehensive app designed for payments, banking, and accounting. PayCircle is a versatile payment application designed to cater to the needs of individuals and businesses across various industries, offering a wide range of financial services. Following PayCircle, CreditCircle introduces an innovative approach to instant credit against crypto assets. This allows asset owners to use their investments without selling them.
MudraCircle, an extensive ecosystem, is facilitating the adoption of Central Bank Digital Currency (CBDC) to improve financial inclusion for banks and financial institutions. Lastly, MetaCircle offers dynamic digital experiences across major gaming consoles, equipped with AI interaction and smart contract capabilities, seamlessly functioning with AR and VR features.
Upholding its core values, Diamante Blockchain recently held the Innovation Summit 2024 in Bengaluru, India, to facilitate networking, collaboration, and exploring transformative opportunities for startups and businesses. This two-day global event, in collaboration with its Indian entity, Block Stack, the Karnataka State Policy and Planning Commission (Government of Karnataka), and The Private Office of Highness Sheikh Mohamed Bin Ahmed Bin Hamdan AI Nahyan of Abu Dhabi, drew over 10,000 attendees. The summit was instrumental in enhancing the Blockchain and AI ecosystem in India, encouraging strategic partnerships, investment opportunities, and technology exchanges, leading to the expansion of Indian startups into the Middle East.
About Diamante Blockchain
Diamante Blockchain is committed to innovating with its protocol, Diamante Net, aiming to drive blockchain adoption globally. They focus on creating an inclusive, open-source environment that empowers developers and users alike, facilitating value creation and efficiency across borders. With a strong belief in community and collaboration, Diamante Blockchain strives to enhance the security and scalability of blockchain infrastructure, ensuring a sustainable and equitable digital future for all.
Contact Details:
Name: Lalit Choudhary
Designation: Chief Marketing Officer
Email: lalit@diamanteblockchain.com
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Source: Coingape
