FLC Launches in Hong Kong to Revolutionize Decentralized AI

• Federated Learning Consortium (FLC) is set to launch in Hong Kong, China as a for-profit research consortium.
• FLC’s vision is centered on researching, developing, and promoting cutting-edge technologies surrounding federated AI.
• Organizations that join FLC will be able to deliver new technology solutions that were not possible on a standalone basis.

Federated Learning Consortium Launches in Hong Kong

The Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China. Founded by blockchain technology platform Phoenix and leading China-based consumer data and AI company APEX Technologies, the organization will focus on researching, developing, and promoting cutting-edge technologies surrounding federated AI.

Open Membership for Technology Companies

Organizational membership will be open to AI related technology firms, blockchain firms, and system integrators – the goal is to be able to provide holistic, implementable, and highly performant solutions for the broader market. Currently FLC already has an initial roster of machine learning and federated learning experts from leading China-based firms such as HuaAT (华院数据), FuData (富数科技), and Tencent. Individual membership is also available for academics and industry experts.

Research Focus

FLC will be focused on developing technology solutions for various different verticals including retail, financial services, automotive, asset management, IoT, and government. This includes combining large-dataset deep learning technologies such as reinforcement learning with highly performant infrastructures using GPU computing using a decentralized/federated approach as well as exploring blockchain-enabled AI , multi-party computation (MPC), and TEE (trusted execution environment).

Benefits of Joining FLC

Through internal partnerships and joint research projects within the organization members can deliver new techonology solutions that would not have been possible previously on their own. By joining FLC organizations can gain access to cutting edge technologies which they can use to develop innovating products or services within their verticals of focus while also gaining visibility amongst other members in the field of federatedAI .


The Federated Learning Consortium (FLC) launching in Hong Kong provides an opportunity for organizations interested in leveraging cutting edge technologies such as federated learning or blockchains enabled AI among others , access resources which otherwise would have been difficult or impossible if attempted alone . Additionally individual experts are welcomed into FLC providing them an opportunity to collaborate with like minded people from across industries .

MATIC, AVAX Rally: 10-Month High for MATIC, AVAX Hits 1-Week Peak

• Polygon (MATIC) surged to a ten-month high earlier in the day, rising for a third consecutive session.
• Avalanche (AVAX) extended recent gains on Thursday, leading to prices hitting a one-week high.
• Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing.

Polygon Reaches 10-Month High

Polygon (MATIC) rallied to a ten-month high on Thursday, as the token rose for a third straight session. MATIC/USD moved to a peak of $1.39 earlier in today’s session, which comes a day after trading at a low of $1.27. As a result of Thursday’s high, MATIC/USD jumped to its strongest point since April last year.

Avalanche Hits One Week High

Avalanche (AVAX) also surged on Thursday, hitting a one-week high. Following a low of $18.39 on hump-day, AVAX/USD raced to an intraday high of $20.31 earlier in the day. This resulted in avalanche climbing to its highest point since February 8th when the token last collided with a ceiling at $21.00 .

Cryptocurrency Markets Rebound From Recent Losses

Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing The relative strength index (RSI) for polygon moved close to 70%, while that for avalanche was hovering around 55%.

Technical Analysis

Looking at the chart for polygon and avalanche separately shows that both tokens have had mini bull runs this week after both bouncing off floors and ceilings respectively . Polygon bounced off from$ 1 . 20 while Avalanche bounced off from$ 18 . 39 and reached early highs today before cooling down again , bringing their RSI levels back closer towards their respective floors and ceilings .


In conclusion , both Polygon and Avalanche have seen significant price increases over the past few days , with Polygon reaching its highest point since April 2020 and Avalanche reaching its highest point since February 8th 2021 . Overall , cryptocurrency markets have been recovering from recent losses and are showing signs of further growth potential .

Central Bank of Brazil Testing Security, Privacy of Digital Real Currency

•Central Bank of Brazil to test security and transaction privacy levels of the Digital Real
•Pilot tests to be conducted later this year
•Tests will focus on determining levels of privacy and security with proposed CBDC infrastructure

Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real

The Central Bank of Brazil will be conducting a series of tests later this year to determine the levels of privacy and security that can be achieved with its proposed central bank digital currency (CBDC) infrastructure. The institution announced that it would be running a simplified operation in order to transact with a still-to-be-determined tokenized asset. Fabio Araujo, the coordinator for the digital real project at the Central Bank of Brazil, explained that these tests are focused on examining if the transaction information leakage derived from the system is compatible with current regulatory requirements.

Test Details

The tests described by Araujo will start after the current laboratory phase of the digital real, which is part of an open project called LIFT challenge, involving various organizations. After delivering their final project reports on April 25th, institutions and banks participating in this challenge will then participate in a pilot test which will feature an introduction to another unselected tokenized asset for transactions. This expanded test environment will be opened up for institutions and banks in 2024.

Objectives Behind Tests

The objective behind these pilot tests is to check both security and privacy levels within this proposed architecture. It will also allow third parties such as banks, who can issue their own tokens backed by the digital real, to interact with this system more effectively.

LIFT Challenge Participation

The LIFT challenge has attracted nine different proposals aiming to include the digital real as part of economic endeavors. Institutions taking part in this challenge must deliver their final project reports by April 25th before they can proceed with these pilot tests thereafter.

Digital Real Launch Date

While there is still no confirmed launch date for when these pilot tests will begin or when exactly it could become available for public use, it is expected that it should happen sometime during 2024 following further testing being completed successfully throughout 2021.