HeLa Labs, a Singapore-based hi-tech company, has on Tuesday announced the official launch of a next-generation layer one blockchain network with privacy-preserving and consensus protocols for real-world adoption.

HeLa Labs said in a statement that the launch of the stablecoin-powered layer one blockchain is a collaboration between HeLa Labs and A*STAR’s Institute of High Performance Computing (IHPC).

It combines IHPC’s expertise in building privacy-preserving modular blockchains with decentralised identities, with HeLa Lab’s expertise in both the fintech sector and the blockchain industry, according to the statement.

“Our aim is to bring real-world adoption benefits to all industries, empowering them to leverage the power of our layer one blockchain,” HeLa Labs Co-Founder Kerching Choo said.

“While we are focusing on developing a powerful and secure layer one chain, we are also committed to eco-friendly chain development,

“HeLa Labs is dedicated to reducing its carbon footprint and promoting a greener future while continuing to drive innovation in the blockchain industry,” he added.

By leveraging the power of blockchain technology and stablecoin integration, the HeLa Network opens up new possibilities for businesses and individuals seeking secure and efficient transactions.

With its focus on real-world adoption, HeLa Labs will create tangible value for industries across the globe.

In the coming weeks, HeLa Labs said it will actively expand its ecosystem along with its grant program, forging strategic partnerships with industry leaders, developers, and enthusiasts to foster a vibrant community centered around the layer one chain network.

Its exciting initiatives such as hackathons, webinars, and developer programs are already underway, providing valuable opportunities for collaboration and growth within the HeLa Labs ecosystem.

HeLa Labs is a dynamic team of innovative developers, engineers, and designers dedicated to building transformative technology that drives the adoption of Web3.

Its goal is to build a secure layer 1 blockchain for real-world adoption.

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