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Blockchain, artificial intelligence, and online platforms are the future of commerce as the world moves to an internet-first economy. The traditional economy is being phased out in advanced countries that are transitioning to an internet-first economy dominated by the tech industry and digital platforms, according to Balaji Srinivasan, a former executive at crypto exchange Coinbase…
” Russia-Ukraine war: How both sides of the conflict have used crypto to win “ In the Russia-Ukraine war, both sides of the conflict have been leveraging cryptocurrencies to achieve the upper hand. Pro-Ukraine causes have collected around $200 million from crypto donations, showing how borderless and uncensorable money could be useful in time of…
“# HSBC and IBM create successful multi-ledger CBDC demo ” On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger Fabric and enterprise technology…
“# Blockchain folk hero Nandy Martin hopes to build a better community for Haitians in Miami ” Haiti, a Western Caribbean country torn by a tragic past, natural disasters, poor leadership, and ineffective foreign aid, is not a country that comes to people’s minds when they think of blockchain adoption. For years, Haiti has been…
“# Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America ” One under the radar cryptocurrency-powered payment app that’s been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the…
“# IMF leader on digital payments for skilled trades workers ” The continuing transition to digital finance is likely to affect sectors across the board. Artisans, or skilled craftsmen and women, are no exception. According to Kristalina Georgieva, managing director for the International Monetary Fund, or IMF, digital money for these skilled workers hinges on…
“# Nine Chilean cargo shipping companies approved to develop joint blockchain platform ” Chile’s National Economic Prosecutor’s Office, or FNE, has granted approval to nine national freight maritime cargo companies to establish a joint venture to develop a blockchain platform, the first of its kind in the region. According to MundoMaritimo.cl, the platform will be…