Article: Why real-time data is crucial for Web 3.0

Blockchain, Data, Decentralized Internet, Web 3.0

Why real-time data is crucial for Web 3.0

Right now, the blockchain space remains scattered. Blockchain and its applications are there, floating in this new space that will become the internet of the future, but they lack certain aspects that will connect them more thoroughly and turn them into Web 3.0. In its current stage, the blockchain sector is not unlike the internet of the ‘90s. It has some of the aspects it needs, such as security, decentralization, financialization features, and more.

However, it still lacks the main component — the real-time data — that will allow it to go big, similarly to how Web 2.0 (the modern-day internet) exploded. This issue is well-known, and there are some working towards solving it. One example is Streamr, which seems to be in the best position among these projects.

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Article: Unbanking The Future With DeFi

Blockchain, Decentralized Internet, Money

Unbanking The Future With DeFi

Based on open protocols and decentralized applications, agreements are enforced by code, transactions are executed in a secure and verifiable way, and legitimate state changes (ledger entries) are made immutable on a publicly searchable and verifiable blockchain.

DeFi creates an environment that can simultaneously provide unprecedented transparency and equal access rights, while still preserving privacy and reducing transaction friction.

With a wide variety of applications, DeFi can enable one to buy dollar-pegged assets using stablecoins on decentralized exchanges, move these assets to an equally decentralized lending platform to generate interest, then add the interest-bearing instruments to a liquidity pool or on-chain investment fund.

And all of that can be achieved (and more) without so much as even stepping onto the highly polished marble floor or your downtown bank.

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Article: Don’t Fear the Coming Regulation Wave

Blockchain, Decentralized Internet, Governance, Web 3.0

Don’t Fear the Coming Regulation Wave

The regulatory balance that exists on the internet cannot be described as elegant or simple, nor did it emerge smoothly. The internet today is far from the ideal, unified, global network that existed in the early 1990s. National regulations and firewalls, IP-based geofences and other tools have all chipped away at the feeling of limitless connectivity that existed in the early days. Despite those restrictions, in much of the world there is still no single, all-powerful gatekeeper that can block a company or idea from accessing the network. The internet remains, for the most part, a permissionless network.

This is most essential element of the internet that makes it an incubator of innovation, and it is the one that is most critical to preserve as we grow the regulatory maturity of the blockchain ecosystem. Many services that we take for granted every day have emerged on the internet in spite of fierce opposition from established industry players.

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Article: Crowdsourcing for the Evolution of a Decentralized Web

Decentralized Internet, Web 3.0

Crowdsourcing for the Evolution of a Decentralized Web

This article summarises the development of the internet to the current scenario where so many interactions are dominated by dealing with global tech giants. As data has become a more and more valuable commodity, those giants are fuelling a roaring trade using our personal data, with far reaching implications of more than simply what we buy but also matters such as what news we are fed, how we seek relationships, and vote. An evolving Web 3.0 based on blockchain technology provides an opportunity for individuals to take back decentralized ownership and control of their data.

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Article: How Blockchain Can Help Upgrade KYC Processes

Blockchain, Decentralized Internet

How Blockchain Can Help Upgrade KYC Processes

The existing KYC processes are defunct and a natural progression is occurring, whereby data intelligence and blockchain technology are coming forward as alternatives. The benefits are undeniable and companies must look towards blockchain for the effective outsourcing and decentralizing of personal data. The use of trustless mechanisms to reduce the resource heavy identity verification processes that are required of traditional financial institutions will reflect how the gap between DeFi and TradFi can be bridged in a way that is mutually beneficial for both.

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Article: Blockchain to uplift lives of underserved Philippine sectors

Blockchain, Money

Blockchain to uplift lives of underserved Philippine sectors

Smart Asset Management Digital Technologies believes blockchain can be a powerful tool if used continuously to work towards a more dynamic and digital economic system. SAM said its Members Acceleration Program offers one of the fastest-growing automation in income opportunities with digital and conventional business developments in Asean and the Australasia regions.

“This program will help them to have another set of opportunity aside from their primary work,” stated Nicos Figueroa, SAM’s Compliance Officer. “Everyone can do this part time. As mentioned, SAM MAP is all about group efforts and teamwork in attaining their goals. Moreover, with MAP’s benefits and rewards program it can definitely take them to multi-stream of opportunities.”

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Article: How open DeFi markets in Southeast Asia can drive financial inclusion

Blockchain, Decentralized Internet, Innovation, Money

How open DeFi markets in Southeast Asia can drive financial inclusion

Increasingly, with greater focus on the development and nurturing of the right skills and through enhanced exposure to technical mentorship, these same people are building the very frameworks necessary to create solutions and products for the population that are underserved and overlooked by legacy finance.

DeFi’s model of peer-to-peer engagement and inventiveness, has created a significant opportunity for the making of real-world solutions to the challenges that exist of giving people a proverbial “seat at the table.”

The possibilities for financial inclusion alongside the accretive upside that these types of businesses generate mean that throughout the ASEAN and Indian region entrepreneurs, technologists, investors and innovators are working side-by-side to create open markets that can truly help everybody.

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Article: Why Entrepreneurs Can’t Afford to Ignore DeFi

Blockchain, Decentralized Internet

Why Entrepreneurs Can’t Afford to Ignore DeFi

DeFi capitalizes on distributed ledger technology (DLT), otherwise known as blockchain, which removes the need for intermediaries in financial transactions, such as banks and agents. The intermediaries become replaced by smart contracts, thereby enabling peer-to-peer transactions and payments. Peer-to-peer payments open many doors for entrepreneurs, as they no longer have to factor cross-border payments, where the costs of  transfers (and the time it takes) serve as a disadvantage for both the sender and the recipient. The instantaneous and cost-cutting nature of DeFi transactions plays a large role in its scalability, especially among institutional investors.

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Article: Understanding the Verifiable Credentials (VCs)

Decentralized Internet, Digital Content, Web 3.0

Understanding the Verifiable Credentials (VCs)

Verifiable Credentials heavily utilize Decentralized Identifiers to identify people, organizations, and things and to achieve a number of security and privacy-protecting guarantees. They are issued and cryptographically signed documents, intended to be understood by computers rather than people.

A user identifier that is:

  • In digital form
  • Able of communication with decentralized ledger
  • A property of its owner that is stored in a wallet
  • Contains the DID data string that pairs the user’s public address with a user’s public key stored on a blockchain
  • Representing user ID, diploma, and many others

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Article: DeFi Will Decentralize the Enterprise

Blockchain, Decentralized Internet, Web 3.0

DeFi Will Decentralize the Enterprise

The real innovation of decentralized finance (DeFi) is decentralization, not finance, our columnist says.

DeFi and enterprise have a lot to learn from each other. The most important thing enterprises can learn from DeFi is how to use public permissionless blockchain technology to become more technically and economically decentralized to enable much greater fairness and inclusion in economic activity. For example, corporations can employ public blockchain technology for shareholder voting and limit the role of the board of directors to guardians rather than often conflicted intermediaries. Corporations can further enable shareholders to delegate votes to other stakeholders in the society and thus alleviate the externalities and ill effects of shareholder capitalism.

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