Article: UN sees blockchain technology as tool to fight climate crisis

Blockchain, Governance, Innovation

UN sees blockchain technology as tool to fight climate crisis

U.N. experts are confident that “cryptocurrencies and the technology that powers them can play an important role in sustainable development, and actually improving our stewardship of the environment.” Specifically, the article points out a number of environmental and sustainability benefits associated with blockchain, including its power to enable transparency and resistance to fraud, climate finance and clean energy markets.

Citing the U.N. Environment Programme’s partnership with the Technical University of Denmark, the article states that data on harmful greenhouse gas emissions is unreliable and incomplete in many countries. In providing an immutable record of carbon data, blockchain solutions can provide a transparent way for nations to take action to reduce their impact on the climate.

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Article: Is it the manifestation of Web 3.0?

Decentralized Internet, Digital Content, Web 3.0

Is it the manifestation of Web 3.0?

People need, want, and hunger for new experiences. It is useless to deny that irritation is beginning to set in among social media users, who are witnessing the continuing contraction of freedom of expression online, turning them into refugees from Facebook, Twitter, and the like.

Metaverses are becoming the havens of those disenchanted users. It is indicative that so many companies are dedicated to creating blockchain-based metaverses, since they go where the money is.

Blockchain technologies may play an important role in the transition to Web 3.0 in the near future and act as a starting point for its rise. Perhaps the metaverses that are being developed today will become the social networks of tomorrow.

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Article: Blockchain Technology Reduces the Attack Surface in Identity Management

Blockchain, Cyber-Security, Innovation

Blockchain Technology Reduces the Attack Surface in Identity Management

Blockchain technology is evolving and has more potential to evolve to become one of the most trustworthy forms of carrying out digital transactions in digital network realms. Blockchain technology, as it is designed and intended, is basically well-known for information integrity insurance. Numerous sectors can attain benefits from it if it is utilized in the best way possible. One of the best utilizations of blockchain technology is using its integrity assurance for developing cybersecurity solutions.

Following are use-cases of blockchain technology enterprises must acquire for the enhancement of cybersecurity protocols.

  • IoT Security
  • Decentralizing Medium Storage
  • Securing DNS and DDoS

Article: Future of NFTs – why art is just the beginning

Decentralized Internet, Digital Content

Future of NFTs – why art is just the beginning

I am more than sure that NFTs will make a real revolution not only in the field of art but also become that very “identity”, a digital passport of a person. In fact, with the help of such tokens, it will be possible to vote, record data on work and education there, which will make a real revolution in all areas of our life – after all, the blockchain cannot be fooled.

When Instagram or Twitter irrevocably blocks accounts that they believe violate community guidelines, it seems that we are investing our energy, and time in developing not our digital profile, but these companies (both in terms of user acceptance and advertising revenue perspective),

This does not mean that companies are wrong – they ultimately have the final say on what can and cannot be published on their platforms. But what if we could definitely save all the content created for each platform?

For this to happen, we must truly own our digital content – and therefore our digital identity.

Article: Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

Decentralized Internet, Web 3.0

Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

The Biden administration nominated Lina Khan as chairman of the Federal Trade Commission (FTC) on the 15th. Kahn is a professor at Columbia Law School and is 32 years old. It will be the youngest in history as the top of FTC. Kahn is known for being critical of the monopoly of big tech such as Amazon.

Blockchain proponents tend to reflexively resist regulation and regulators, but given Khan’s concerns about monopoly by large corporations, he supports blockchain on major privacy issues. It can also be on your side.

In addition, Kahn’s anti-monopoly stance could create significant market opportunities for new types of tech companies, including those developing decentralized systems and “Web 3.0.”

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Article: Interplanetary File System Could Pave the Way for a Distributed, Permanent Web

Data, Decentralized Internet, Open Source, Web 3.0

Interplanetary File System Could Pave the Way for a Distributed, Permanent Web

“IPFS is general purpose, and has little in the way of storage limitations,” wrote Neocities founder Kyle Drake in a blog post announcing his company’s decision to become the first major website to implement IPFS. “It can serve files that are large or small. It automatically breaks up larger files into smaller chunks, allowing IPFS nodes to download (or stream) files from not just one server like with HTTP, but hundreds of them simultaneously. The IPFS network becomes a finely-grained, trust-less, distributed, easily federated content delivery network (CDN). This is useful for pretty much everything involving data: images, video streaming, distributed databases, entire operating systems, blockchains, backups of 8-inch floppy disks, and most important for us, static web sites.”

Ultimately, these core notions behind IPFS may be one solution to build a distributed, permanent web. It’s one possible alternative to the brittle and hypercentralized system that we’ve now arrived at with outdated protocols like HTTP — and potentially a useful hedge against an uncertain future.

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Article: How Blockchain Technology Is Helping Small and Big Businesses to Grow Better

Blockchain, Cyber-Security, Innovation

How Blockchain Technology Is Helping Small and Big Businesses to Grow Better

Blockchain technology is revolutionary and its ubiquitous application across industries is mind-blowing. While it seems too early to categorize it as the ‘alpha’ solution to many existing industrial security and trust challenges, it’s great to know that blockchain technology is surely growing and its application is entering the realm of both small and big businesses globally.

In this age, it’s crystal clear that the rate of competition among businesses today is extremely high. And to gain a competitive edge over others in the market, your business tactics have to flow with the current trends that appeal to your consumers. Interestingly, blockchain happens to be one of the trends offering amazing solutions to help businesses — finance, gaming, ecommerce, etc to grow better.

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Article: Legalization of Cryptocurrency will Kickstart Economic Development in Latin America

Crypto, Governance, Innovation, Money

Legalization of Cryptocurrency will Kickstart Economic Development in Latin America

The popularity of cryptocurrencies around the globe has forced governments to reconsider their initial stances on cryptocurrency acceptance within their specific borders.

In June 2021, El Salvador became the first country in the world to approve Bitcoin as a legal tender. Other Latin American governments including Paraguay, Panama, Brazil, and Mexico, have expressed similar interests in supporting cryptocurrencies as legal tender.

Cryptocurrencies act as a uniquely safe economic instrument in a region plagued by government corruption, interference, and low productivity. In this respect, the adoption of cryptocurrencies as legal tender serves to guarantee some semblance of economic stability for countries in Latin America, allowing for a true launch of economic development initiatives into the digital age.

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Article: How DeFi Paves the Way for Financial Inclusion

Decentralized Internet, Innovation, Money

How DeFi Paves the Way for Financial Inclusion

According to the World Bank’s report from 2017, approximately 1.7 billion people worldwide don’t have a bank account today.

Not having access to this fundamental financial instrument is the main factor that stops them from realizing certain everyday functions. However, decentralized finance (DeFi) was created to meet all the requirements and demands of traditional banking — security, privacy, and accessibility — in a new way.

By transferring financial operations onto the blockchain, people will only need a smartphone or portable PC and a stable Internet connection to access the global financial system 24/7. How’s that for a step in the right direction?

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Article: The Lessons of Web 2.0 Teach Us How to Prepare for What Comes Next

Civil Society, Decentralized Internet, Web 3.0

The Lessons of Web 2.0 Teach Us How to Prepare for What Comes Next

While these are problems, they are problems born of the Web 2.0 model. Web 3.0 offers a different proposition – one where revenue models need to be aligned to the incentives of the ecosystem participants. If Web 3.0 is the future of the internet, then we should be preparing for a scenario where broken models aren’t built into the architecture of the ecosystem. Furthermore, decentralization and data sovereignty offer the potential to completely rethink revenue models.

Therefore, the focus is now on launching a solution that’s fit for Web 3.0 – a trustless referral network for the tokenized economy. Many aspects of online marketing are set to change significantly. In the Web 3.0 environment, there are to be no centralized points of control, which means no dependence on intermediaries. A trustless referral network will allow any referral to be rewarded through the use of a decentralized validator network that confirms all successful sales.

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