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Industry

AX needs fair data as manufacturing accelerates AI shift

AX, or AI transformation, is not the same as a smart factory but the next stage after factory automation and data-based smart operations, the article says. It describes how LG Display applied its own AI production system across OLED processes, cutting design and quality-improvement times and saving more than 200 billion won a year. China is pushing a national shift and leads in WEF lighthouse factories. South Korea is supporting manufacturing AI projects and an alliance.

Crypto

XRPL validator says no need for SWIFT to use XRP

An XRP Ledger (XRPL) validator known as Vet rejected speculation that XRP and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) could work together, saying SWIFT does not use XRP and XRP does not need SWIFT to function. Vet said blockchain systems can bypass legacy financial infrastructure by integrating messaging and settlement in a single process. He contrasted SWIFT’s messaging role with separate settlement steps that can add delays, costs and intermediaries.

Crypto

Hanwha Investment & Securities to invest 10 billion won in digital asset platform Xangle

Hanwha Investment & Securities said on Thursday it completed a strategic investment worth 10 billion won in Xangle, a blockchain-based digital asset data platform. Xangle provides digital asset prices, research and on-chain data using data infrastructure and a global research network. The platform connects financial institutions at home and abroad with the web3 ecosystem. Hanwha said the investment will deepen cooperation between the two companies.