Article: Is Cross-Chain Technology The Best Way Forward For Blockchain and DeFi?

Blockchain, Decentralized Internet, Money

Is Cross-Chain Technology The Best Way Forward For Blockchain and DeFi?

Why is cross-chain technology so important? Because it’s viewed as one of the main tools to help continue the growth and expansion of decentralized finance (DeFi).

If elements of the DeFi industry are not able to work with each other in a smooth manner, decentralized finance will be hindered in its attempts to challenge, or at the very least, bring traditional finance to the crypto world.

Blockchain interoperability also allows people to make payments across multiple blockchains, fueling an energetic digital economy where many believe multi-token wallet systems should emerge.

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Article: Is Blockchain the Future of Esports?

Blockchain, Digital Content, Innovation

Is Blockchain the Future of Esports?

Trust is a major issue in the online world. Cases of game developers who are never paid are common in the modern world. Blockchain provides the perfect platform where game developers can interact with their clients in real-time.

Smart contracts also come in handy when distributing prize money between the organizers and game developers. The transparency of the blockchain networks also makes players comfortable engaging in such tournaments as rigging cases are eliminated.

eSports and Blockchain seem like a match made in heaven. However, we are still to experience all the benefits that Blockchain can have on the eSports sector. Even though eSports is getting mainstream, we are yet to see the coverage that is supposed to get

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Article: Decentralized Autonomous Organization – Core Concepts

Blockchain, Decentralized Internet, Web 3.0

Decentralized Autonomous Organization – Core Concepts

The concept of DAO (Decentralized Autonomous Organization) has been known since 2013, when the co-founder of EOS, Dan Larimer, first mentioned the term. Currently DAO has become one of the most innovative Blockchain-based concepts. The main philosophy of DAO is to create an organization without the centralized control.

Simply DAO is a smart contract, where all rules are written in the source code instead of the piece of paper. All decisions in DAO are made in a completely democratic manner by the vote of its shareholders according to the previously established rules. These rules are adopted by all participants, at the moment of DAO creation. In other words, DAO does not have top-down hierarchy, there is no centralized power.

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Article: How The World Of NFTs Could Be The Next Big Thing For Advertising

Crypto, Digital Content, Innovation

How The World Of NFTs Could Be The Next Big Thing For Advertising

It only makes sense that advertising and marketing technology should heed the call. Immersive mobile advertising campaigns that use NFTs can be distributed programmatically across various platforms. Brands can use NFT technology to provide personalized gifts, vouchers or more to their customers. For example, Taco Bell recently sold NFTs for digital taco art (and donated 100% of the profits to Taco Bell Foundation, Inc.). This technology can help drive user engagement for brands and can be attributed back to a user or paid media channel without the need for a cookie. For a specific subset of consumers, it’s a win-win situation for both them and advertisers.

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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: 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: 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: DINO (Decentralized In Name Only) Vs. True Decentralization

Decentralized Internet, Web 3.0

DINO (Decentralized In Name Only) Vs. True Decentralization

the true decentralization is based on the direct user to user communication. This way of communication solves the privacy and censorship issues of the centralized communication. 

An implementation of a true decentralization may still use a blockchain – not as a central element but as a support element in the implementation.

A successful true decentralization project must include the following mandatory elements:

  • minimum decentralized identity
  • decentralized network of bridges/nodes
  • personal decentralized web site

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Article: Decentralizing The Internet: The Hitchhiker’s Guide

Decentralized Internet, Web 3.0

Decentralizing The Internet: The Hitchhiker’s Guide

I hope this article provides value in the exploration of decentralization. As simple as it is to understand the need for decentralized exchanges, the implementation of decentralized systems, networks, sites, and applications will not be a quick and easy task. The current complexities of decentralized systems only makes use for those with advanced knowledge in leveraging these systems and may prove challenges to ordinary internet users. And although we notice the gaps needed to be filled in order to fight against centralized big tech monopolies, the responsibility is held on the shoulders of developers building internet applications today. The advantages of decentralized networks are appearing for the future of the internet as free control of data, information flow, and preservation of media content become more important. I truly believe the internet is meant to be open, fair, transparent, and decentralized and I hope internet users begin realize these importances.

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Article: Transforming ideas into a tradeable asset – how tokenization will disrupt Intellectual Property Rights

Blockchain, Innovation, Web 3.0

Transforming ideas into a tradeable asset – how tokenization will disrupt Intellectual Property Rights

Simply put, a blockchain is a distributed, decentralized database. The copies of these databases are stored on a large number of servers. A single update on one server results in simultaneous updates of the data on all others. Transactions in blockchain-based platforms cannot be changed afterwards and are mostly transparent. Tokens can now be linked to these transactions, primarily as digital representations of valuables, ownership, money or securities. Transactions are transferred and updated in real-time, and all processes are automated and standardized via smart contracts. Objects of value are recorded in an unchangeable data structure and managed by an algorithm based on cryptographic mechanisms. Thus, numerous points of friction in today’s economy can be counteracted preventively. These features make blockchain a predestined fit for establishing a universal and user-friendly database for storing information and value of all the protected intellectual properties. This would for instance significantly ease the processes of mergers and acquisitions.

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