Peercoin Foundation Completes Key Tech Enabling Private Off-Chain Smart Contracts
THE HAGUE, NETHERLANDS and SAN FRANCISCO - January 31, 2025 ( NEWMEDIAWIRE ) - The Peercoin Foundation today announced the successful implementation of the ROAST protocol, a key piece of infrastructure that enables off-chain transaction organization with on-chain settlement, maintaining the Foundation's ongoing mission to pave the way for Peercoin layer two.
ROAST (Robust Asynchronous Schnorr Threshold signatures) is a cryptographic scheme that allows large groups of hundreds or thousands of participants to collaboratively sign a transaction off-chain, with only the final result being recorded on-chain. This approach reduces network congestion, lowers costs, and improves efficiency while providing better privacy than on-chain solutions.
The ROAST protocol is one of the essential components of a larger technical stack being built around the cross-platform Peercoin Flutter Wallet. Specifically, implementation of the ROAST protocol directly allows for the formation of staking pools, federalized cross-chain bridges, side-chains and distributed Oracles. The overarching goal is to create an infrastructure based on the Peercoin Flutter Wallet, which would enable private off-chain smart contracts and scalable coordination mechanisms.
With the completion of the world's first implementation of ROAST, the Foundation is moving closer to enabling more robust and decentralized financial tools within the Peercoin network. Technology like ROAST when integrated properly into user-facing applications, such as a mobile wallet, makes the blockchain technology human-meaningful and human-centric.
About Peercoin
Peercoin is the original Proof-of-Stake blockchain. It is a 12-year-old, fairly distributed, open-source, and community-driven project. Peercoin is designed around the concepts of energy and economical sustainability, both made possible by its innovation of Proof-of-Stake consensus.
Peercoin is a peer-to-peer protocol in the truest sense because all coin owners have the power to run a full node, produce blocks, and earn Peercoin as a reward. Proof-of-stake is used for Peercoin's blockchain security, while proof-of-work is only used to distribute new coins for the purpose of creating a wider and fairer distribution.
About Peercoin Foundation
Development of the ROAST Coordinator, the Peercoin Flutter Wallet and other projects are sponsored by the Peercoin Foundation , a non-profit organization established in 2018 with the mission of promoting and supporting the continued development and overall progression of the Peercoin project.
The Peercoin Foundation is sponsored solely from community donations. Please donate to the Foundation to enable it to help improve the general Peercoin ecosystem.
Official Links:
Website - https://www.peercoin.net/
Twitter - https://twitter.com/PeercoinPPC
Blog - https://www.peercoin.net/blog/
Forum - https://talk.peercoin.net/
Telegram - https://telegram.me/peercoin
Discord - https://discord.gg/m294ReV
Foundation - https://www.peercoin.net/foundation
Contact Information:
Email: [email protected]
Disclaimer: The information contained in this press release is for information purposes only and does not constitute investment advice or a solicitation to purchase or invest. The price of Peercoin can be extremely volatile and can fluctuate rapidly in response to market conditions. Before making any investment decisions, you should carefully consider your investment objectives, level of experience, and tolerance for risk.
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15 hours ago
- Business Journals
Skilled labor crisis takes center stage at Economic Resilience Luncheon
The Foundation for Better Business launched its new annual signature event—the Economic Resilience Luncheon—by spotlighting a critical threat to Texas growth: the deepening shortage of skilled tradespeople. With a focus on mobility, infrastructure, and the small businesses that keep Texas moving, the event drew a packed room of leaders from across Central Texas. Dr. Carrie Angell, President & CEO of the Better Business Bureau serving the Heart of Texas, opened with findings from her recent doctoral research on Texas' construction workforce. She revealed that 92% of firms face unfilled craft positions, and 80% report costly project delays. While current tradespeople express strong pride in their work, younger generations are deterred by wage concerns, cultural stigmas, and lack of training access. Economist Angelos Angelou followed with a stark economic outlook, warning that Central Texas is on track to fall short by 10,000 skilled workers annually by 2030. He emphasized that stagnant trade wages, high living costs, and an aging workforce are putting immense pressure on the region's ability to sustain its rapid growth. Without urgent investment in workforce development and stronger support for small, trade-based businesses, he cautioned, Texas risks stalling its own economic engine. Angelou praised the Foundation for Better Business for leading the charge—taking bold, strategic action to equip entrepreneurs and fuel long-term resilience across the state. Bethany Leffingwell, Executive Director of the Foundation for Better Business, issued a powerful call to action: if Texas is to thrive, its small businesses must be equipped to lead. She unveiled the Foundation's bold transformation, including Ignite sparked by BBB, a new accelerator and co-working space designed to fuel small business success. Signature initiatives like Blueprint for skilled trades, She Means Business for women entrepreneurs, and statewide programming are actively addressing survival gaps. The Foundation recently secured a competitive SBA grant to launch a Women's Business Center in its Austin headquarters. Now, it seeks philanthropic and corporate partners—both funders and volunteer faculty—to power its new Ignite Essentials curriculum, co-created with Accenture. The keynotes set the stage for a dynamic panel discussion, moderated by Alison Walgren of Deloitte. Business, government, and economic leaders shared candid insights on closing the skilled trades gap, supporting small businesses, and the power of cross-sector collaboration to drive Texas' economic resilience. Alison Walgren: Welcome! I have a few questions for each of you, centered around the key themes that Carrie Angell and Angelos Angelou presented: the skilled trades deficit, the vital role small businesses play in creating a solution, the need for public-private collaboration, and how the Foundation for Better Business offers a scalable path forward. Bobby, I'll start with you. What are you seeing when it comes to labor shortages, and how are they impacting infrastructure? Bobby Jenkins: I think many of us are aware of the major infrastructure projects coming to Austin. Altogether, these infrastructure projects represent more than $25 billion of investment in Central Texas. I've lived in Austin for 42 years, and we've never seen anything like this. It's really unprecedented. So when you start talking about labor shortages, it's going to have a real impact. And now, with my CTRMA hat on, our contractors are already struggling. If they don't have the labor, they can't meet the deadlines negotiated at the start of the projects. We're seeing that now — both of our 183 projects are behind schedule. We're doing what we can to work with the contractors, but some of the issues come down to one simple fact: they literally just don't have the labor. Labor shortages in infrastructure are going to affect everyone. But we're not sitting back as a community. Mayor Watson and Judge Andy Brown have created an Infrastructure Academy, and that's a step in the right direction. The big question is, how do we get young people interested in the trades, infrastructure and construction? There's real earning potential there. But I don't think parents or kids in junior high or high school fully understand the value proposition of a career in the trades or construction. It's been dismissed for a long time. So we've got our work cut out for us. If we don't invest in these efforts now, it's going to be a long, drawn-out process to get things built. Alison Walgren: Karen, along those same lines, how is the skilled trades gap affecting AECOM's projects and timelines? Karen Campbell: From AECOM's perspective, as an architecture and engineering firm, our involvement starts at the planning stage and continues through design, and then our designers stay on through the construction phase. So, a couple of things: One, we're also very much engaged in the Austin Infrastructure Academy. It's about introducing kids and students — and even adults considering career changes — to the disciplines, careers and opportunities available in this space. We're working with CapMetro and ATP on current project delivery, including summer internship programs that give students hands-on experience and a real sense of what a career in engineering, planning or program management looks like. We're also very focused on getting more women into the industry. While the number of women in engineering has doubled, that growth hasn't been consistent across all disciplines. So we're really looking forward to expanding opportunities for women, both in engineering and in construction. Alison Walgren: Aaron, how does the Texas corporate recruitment strategy consider small businesses that support those companies? Aaron Demerson: So, when we talk about small business and recruitment efforts in Texas, there's a lot of growth happening. Business is booming here in our great state, and the rubber meets the road at the local level. Anytime a project is coming into the state, those companies need support — suppliers, partners, the right talent — and we bring them all to the table. Recruiting projects in Texas is an all-hands-on-deck effort. Whatever it takes to make the deal happen, we're going to do exactly that. And with everything that we're discussing today there's a secret sauce: you bring together workforce, economic development and education. When those three areas work in sync, and you add elected leadership that actually gets it, then we're well on our way to real success. And with the growth we're experiencing, we have to do that statewide. If we do that, everybody's going to be in a position to be successful — small businesses, mid-size businesses and large businesses alike. Alison Walgren: Jeff, what are small business owners in Texas telling NFIB about workforce barriers? Jeff Burdett: NFIB has been around for 80 years. We represent small businesses at the federal level and in every state capital. Every month, we publish something called the Small Business Economic Trends report where we survey a sample of our 300,000 members nationwide and ask them about the issues most important to their businesses. We look at the challenges they're facing, their economic outlook over the next three to six months, whether they plan to hire or invest, and whether they expect to hire additional employees. With more than 50 years of consistent data, we've built a very good optimism index that tells us how small business owners are feeling. Unfortunately, over the last five years — especially coming out of COVID — that optimism has been consistently low. One of the top three issues month after month for the past five years has been labor: access to it, the quality of it, and the inability to hire people, especially in the skilled trades. On average, about 40% of small businesses trying to hire say they can't find anyone to fill those positions. And so this continues to be a problem. At NFIB, we're focused on small businesses. My average-size small business has 10 employees. And when you're talking about hiring somebody when you have 10 employees and can't find the 10th — that's a serious problem. Alison Walgren: So Jarvis, how is the state aligning its economic development goals with workforce readiness? Jarvis Brewer: Within the governor's office, our goal is to make sure Texas remains the ideal place to start and grow a business. We work very closely with other agencies, as well as within our own agency, to develop programs. Within our office, we have TWIC — the Texas Workforce Investment Council. They conduct projections to look not only at today's needs, but also what's coming tomorrow, a year from now, a decade from now. And we partner with community colleges and local workforce boards through grant programs to help ensure we have a trained, skilled workforce. I'll share a quick personal story: When I separated from the military, I was stationed in California. I knew I made great barbecue and wanted to open a food truck in Southern California. I knew I had a great product, but I had zero business acumen. It never occurred to me to reach out to the governor's office for my little food truck idea; that just seemed like overkill. And I think that's true for a lot of people — they simply don't know what's available to them. So I think it really is that awareness piece. A lot of our efforts are solely dedicated to letting people know that we're here to serve you, and what resources are available to you. Alison Walgren: Let's go back to Bobby. How can private-sector mentorship accelerate small business rates? Bobby Jenkins: The mentorship part is absolutely critical. Like Angelos said earlier, 50% of small businesses fail in the first five years. And the question is: how do we prevent that? Well, it comes down to mentorship, education, and access to knowledge. A lot of these business owners are great at what they do. They know their trade. But as we all know, being in business is about a lot more than that. I remember when I was starting out. My main job was pest control and the business side was completely secondary. And so you have to learn that, right? You have to have that mentor and access to those resources. I'm a big believer in trade associations and organizations that bring companies together. Sure, you can learn a lot from academia, and there's value in that. But there's nothing like hearing directly from someone who's done it — their successes, their failures, what worked and what didn't. That kind of real-world insight is incredibly valuable. Alison Walgren: Karen, I have a two-part question for you. AECOM is clearly committed to engaging smaller firms — what are some of the biggest hurdles you see in doing that? And second, how can large firms help reduce the risks involved in subcontracting with smaller trade businesses? Karen Campbell: AECOM is a global firm — we've had a local presence here since 1969, and we truly couldn't deliver the projects we do without our small businesses. Their impact is wide ranging. For one, they provide specialized skills we may not have on a local level, or they may have deeper historical knowledge of a project. They also often have long-standing relationships with stakeholders, which is critical. Infrastructure projects affect the community, so we need everyone's voices at the table when we're planning and designing these contracts. So again, it's critical that we bring our small businesses to the table. We engage and work together with small businesses throughout a project. If their initial skills are in phase one, we'll work with those individuals to help them get the certifications and the training they need to continue on with us in phase two. That ends up building their firm so they're able to provide a broader range of services for future opportunities. As for de-risking, one of the best ways is to build long-term relationships with our small businesses. Of course, there are technical pieces — like insurance and bonding — but ultimately, having strong relationships and trusting partners throughout a project is the best way to reduce risk and ensure success. Alison Walgren: Jeff, what kind of resources or reforms do you think would help small businesses grow and hire more easily? Jeff Burdett: There are a number of things working their way through the legislature right now. One major issue we're focused on this session is insurance reform — specifically, the rising cost of providing health insurance. In a recent NFIB survey, we found that back in 2000, around 50% of small businesses offered health insurance to their employees. Today, that number has fallen to just 30%. So now, about 70% of small businesses aren't able to offer health insurance, and that puts them at a real disadvantage when it comes to attracting and retaining talent. We're also supporting a couple of bills — House Bills 138 and 139 — that address insurance mandates, and we're looking for some other options. Texas State Technical College has an $850 million endowment that's trying to get passed; in fact, it's on the calendar today. Alison Walgren: Jarvis, where do you see the greatest opportunity for impact — policy partnerships or pipeline development? Jarvis Brewer: Pipeline is important. Even if I'm doing well today, if I don't have the pipeline, I might not be here tomorrow. In our office, we have a program called Skills for Small Business. It's run by the Texas Workforce Commission and is designed to help both your current employees and your pipeline of new hires. With Skills for Small Business, a small business can partner with a community college or a junior college here in the state of Texas to upskill their staff. Say you run an HVAC company and want to hire someone new who doesn't yet have the right certifications. Rather than taking on that cost yourself, with the Skills for Small Business program, you can get that assistance from the college in your area to get that new hire certified at no cost to you. That's a huge deal, but I think it's underutilized simply because many small businesses don't know it exists. There's also the Skills Development Fund, which works very similarly. The main difference is that the Skills Development Fund allows educational institutions to tailor a certain curriculum based on your company's specific needs. There's always a risk that you train someone and they leave. But you have to ask: What's worse — investing in someone who might leave, or not investing in someone who stays? Alison Walgren: I think we can all agree there are strong programs out there, and awareness is just as important as the programs themselves. Before we open it up to audience questions, Commissioner Demerson, what message would you share with the business leaders in this room who want to be part of the solution? Aaron Demerson: If we're not successful, we'll see businesses go to other states. Here in Austin, we've already seen the signs — literally. There were billboards saying things like 'Come to Ohio' or even 'Keep Austin Weird… like the high cost of living weird.' That one was actually paid for by the state of Ohio. And there were three other billboards like it If we don't get it right — whether it's water, infrastructure, energy or talent — businesses will leave. Businesses are in business to make money, and that's okay. We're a business-friendly state. We want them to thrive. But they will go to markets that have what they need. They have to. That's why we have to get this right. So let's turn these challenges into opportunities. Let's do everything we can to make sure our businesses stay here, grow here, and succeed. I'm delighted and excited about what we're seeing today — and I want to see more of it down the line. Alison Walgren: I'd now like to invite Carrie and Angeles to join us as we open the floor for audience questions. Audience Question — Karen Potter, Managing Director at Deloitte: I grew up on the East Coast, primarily the Midwest, so this may not be a thing here — but when I was in high school, there was a vocational track students could take. Candidly, it had the same cachet as a college path because it was based on real interests and led to real careers, like estheticians. I haven't seen much of that here in Austin, and I'm wondering if there are plans to address that or if anyone has thoughts on how to shift that trend. Aaron Demerson: There are three commissioners at the Texas Workforce Commission — one representing employers, one representing labor, and one representing the public. When Julian Alvarez was there, representing labor, we did some great work honoring and recognizing students choosing to go into the trades. I've been to programs all over the state where students walk across the stage and, waiting on the other side, is an employer holding a tool belt. That student is stepping straight into a skilled trade. I often say, 'if the lights went out in this room right now, I've got a finance degree.' Maybe a few of us here could figure out how to get the lights back on, but probably not many. So we need to be advocating for those trades. Angelos Angelou: I think we need to educate parents — every parent, even if their kids may not be college material. Parents have a lot of influence on their kids, so I think the education really needs to start with them. Moreover, the only effective way to grow our workforce is by increasing the labor participation rate. For every 1% increase in worker participation, we gain 15,000 new people in our workforce. So we need to ask — what's keeping people out of the workforce? Is it one spouse staying home? Is it the lack of affordable childcare? In Austin, we're already doing better than statewide. Statewide, workforce participation is around 61% to 62%. In Austin, we're at 66%. Part of that is driven by cost of living — often both spouses have to work. So we have to look at the root problem. Why aren't more people participating in the workforce? Karen Campbell: I'd also like to mention something that's come up a couple of times — the Austin Infrastructure Academy. It's a partnership spearheaded by the mayor, Travis County Judge Andy Brown, and Workforce Solutions Capital Area. They've brought together the education pipeline — including local school districts and Austin Community College, which will host the academy — along with general contractors and engineering firms, to develop a curriculum focused on the infrastructure and mobility market. And as a parent of a recent high school graduate, I can say the conversation about going into the trades was just as prominent as going to college. For this graduating class, ACC offered free tuition. It was wonderful to hear the students so energized and excited about the different paths they're pursuing after graduating high school. Carrie Angell, EdD: Like you, I remember when vocational school was a regular part of high school. But I think the larger issue ties back to beliefs, perceptions and influences. At the root of this, if young people are not taught to take pride in and respect the trades, or if they only hear about computers and tech industries, they won't be interested in those careers. So it starts with families. It starts with communities. It starts with strong mentors who show them what's possible. Not every child is meant to go to college, but there is no shame in choosing a vocational path. If you look deeply at the research, it's not only about the influence we have in the community and as parents — it's also about the media. One of the strongest messages I found when researching for my dissertation was that tradespeople are often portrayed in a very negative light. And these aren't outsiders saying that — this came directly from people working in the industry. Despite the pride they take in their craftsmanship, they feel they're seen as rude, crude or low lives. So we have to step back and really look at how we as a society present the trades and the people who work in them. Bobby Jenkins: Many of us know Roy Spence, who founded GSD&M. Whenever I have the opportunity, I like to tout the work that Roy is doing with the Make It Movement. It's about creating awareness for families and young people about the value proposition of a career in the trades. And when I talk about the trades, I truly do mean a career — not just a job. At ABC, I'm really interested in people who understand the growth opportunity, the career opportunity and the trade. So much of this challenge is a marketing opportunity. If we can get the message out that the trades truly do offer great career opportunities, people will pursue them. A few years back, I chaired the Higher Education Coordinating Board, and I really came to appreciate the value of community colleges. I became a big fan of our own Austin Community College and the work they do with the trades. They have a fantastic HVAC program, they have a lot of the trade schools — and now it's free. I can't think of anything more affordable or more practical for parents and for young people who want to start a real career that can lead to a lot of great success. Carrie Angell, EdD: Texas is the only state in the country that does not require workers' compensation unless you're working on a government project. We talk about being a business-friendly state, but we have to acknowledge the discrepancies — in pay, in insurance, and in workers' comp coverage. In my study, the individuals who were most satisfied in the trades were owners, supervisors, and managers. Satisfaction dropped dramatically for frontline workers. That's something we need to take a hard look at. If you follow the news, Texas has the highest number of heat-related deaths on a construction site, as well as the highest number of overall deaths on a construction site. And when it comes to wage discrepancy, I'll be blunt: part of the tension we're seeing between demographics is because we are undercutting people who are afraid of being deported. So we have to look at how we're treating the workforce, not just the leadership of the workforce. Audience Question — Tommy Elliott, VP, Business Banking Relationship Manager at Texas Partners Bank: You're talking about ACC providing all of these resources, and as a parent of a high school athlete, we visit a lot of schools around Central Texas. A lot of these campuses have vocational programs, but I don't see that at AISD. I don't see it at my daughter's high school, and my son will be starting high school next year as well. Why is that? Why aren't we looking at this at the AISD level, when other campuses surrounding the city are? Bobby Jenkins: When I think about the work we should be doing, this needs to be viewed as a movement. We're all in the same boat, and I think we share a lot of the same goals and objectives. ACC gets it right, but I'm not sure we've made that same level of impact in communicating with AISD. I think it's very much worth the conversation. Karen Campbell: Tommy's and my children go to Bowie High School. So I'm going to give a quick plug for JE Dunn Construction; they did the construction on the school's new gym and theater. During the construction, they actually offered to show students what was happening with the construction and explained the types of projects being done. It would be really nice to extend something like that into a more permanent program. With AISD upgrading a lot of our schools through the new bond, that's probably something we should look at coordinating — more opportunities like that during construction periods. Aaron Demerson: I believe there's something in Crockett. Jarvis Brewer: I'm from Corsicana, Texas — small town. When I was in high school, it was just math, history, science, and English. So I've been blown away by what is available at Bowie and other high schools. My daughter's already done computer programming in middle school, and I think that's amazing. But you're absolutely right about the trades — and there are ISDs that are incorporating them. However, I think the answer to your question is that 'i' in ISD. School districts are independent; there's no statewide mandate that says every school district must offer vocational programs. Each district has the authority to decide what they offer, so that could be why we're seeing such variation. Aaron Demerson: One of the governor's emergency items this session was generational training — specifically, training for the kinds of careers we've been talking about here today. When Commissioner Alvarez was representing labor, he supported an initiative to better equip school counselors. Think about it — a student might ask their counselor about going into the trades. But that counselor could have a four-year degree or even a doctorate, and they might not be as well-versed in the trades. So, the goal was to ensure there was someone available — someone with the right expertise — who the counselor could refer that student to. It was just a start, but if there's continued interest, we should be looking at how to bring it back and double down in that area.
Yahoo
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Hilton Grand Vacations Named One of Nation's Best Adoption-Friendly Workplaces by Dave Thomas Foundation for Adoption
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Hilton Grand Vacations Named One of Nation's Best Adoption-Friendly Workplaces by Dave Thomas Foundation for Adoption
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