How Blockchain Technology Can Play a Role in Preserving Natural Capital
Blockchain and crypto are changing major industries around the world. From banking to supply chains, it revolutionizes several aspects across businesses and industries of all sizes. The crypto market which was only worth $1 billion almost a decade ago, has now exploded into a massive $2 trillion industry and what originated with the Bitcoin blockchain, has evolved into a full-fledged crypto ecosystem with over 18000 different projects. Blockchain solutions have emerged to solve real-world problems. And one of the critical issues they are solving is preserving Natural Capital by avoiding....
Related News
Korean experts believe that crypto would play a major role in the gaming ecosystem, and within the next 3 years, the majority of games might have an in-game crypto economy. South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but the government has yet to show any significant effort.Anthony Yoon, managing partner of blockchain investment and accelerator firm ROK Capital,....
Given the important role that charities and not-for-profit organizations play in society, the benefits of blockchain technology have just as much relevance to this sector of the economy as any other. The Charities Aid Foundation (CAF), a U.K.-based organization, has taken a pioneering role in exploring how blockchain technology can improve the governance of charities and not-for-profit organizations. The fact that a U.K. organization would take a leadership role in this area is not surprising, given the fact that the U.K. is one of the few countries to have dedicated governance of this....
Will blockchain technology some day closely mimic the complexities of the natural world? The Plantoid, a “blockchain-based life form,” marks an attempt to demonstrate the potential for technology to emulate the natural world. Plantoid uses art to illustrate the creation of autonomous, blockchain-based entities that manage their own activities and even reproduce. A Blockchain-Based Life Form. “As a ‘blockchain-based life form,’ the Plantoid brings the concept of autonomy to a whole new level,” said Primavera De Filippi, who manages the project, according to an article in SingularityHub, a....
A new report by Euroclear has looked at the regulatory and legal aspects of the use of blockchain technology in post-trade settlement in a European context. The report, Blockchain Settlement: Regulation, Innovation, and Application [PDF], with support from Slaughter and May, found that central securities depositories (CSDs) would play an important role in a blockchain-based settlement system. It also stated that regulators should not fear the use of smart contracts and distributed ledger technology any more than any other automated computer-based process prevalent throughout the settlement....
The Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, has commented on bitcoin and digital currencies in an interview, saying they "have a role to play" in the future. Speaking to industry publication CentralBanking.com, Menon answered questions about whether money should remain under the control of central banks, and why the MAS had decided to regulate "virtual currency intermediaries". He said: "It is hard to divine how technology and practices will evolve, 20 or 30 years from now. I would say virtual currencies have a role to play, but I doubt they will replace....