Article: Money Reimagined: NFTs Can Help Create a New Internet

Crypto, Decentralized Internet, Digital Content, Web 3.0

Money Reimagined: NFTs Can Help Create a New Internet

In establishing digital scarcity via one-of-a-kind tokens, and in holding out the promise of peer-to-peer digital media exchanges, NFTs hint at new approaches for media companies and brands to engage directly with their audiences without the intermediation of the platforms.

NFTs pose their own ownership issues. Many buyers are discovering they don’t really own the art or content to which they are attached.

And, as Khloe Kardashian’s bikini photo saga shows, it’s very hard to stop the replication of content, especially when it’s going viral. NFTs can’t physically stop or control the copying of digital content.

However, we can establish standards assuring that special rights to NFT-associated content are not controlled by a separate custodial platform but are assigned to the token owner and  cryptographically bundled with the token itself so they can be easily transferred to the buyer with each downstream sale.

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Article: How the need for secure supply chains is propelling blockchain

Blockchain

How the need for secure supply chains is propelling blockchain

Blockchain technology can be used to create digital records, such as certificates, public registers, or agreements, which can be stored, shared, and amended online. As products or materials change hands, records can be added, inspections and deliveries can be logged, and payments can be automated. Anything that happens to these records can be automatically documented and encrypted for security: showing amendments made, and who sent or exchanged them. There’s no need for a third party, such as a bank or a regulator, to verify these actions because it’s a shared process, secured by cryptography. Organizations can pinpoint fraud or contaminants with speed and accuracy. The technology can also be used to issue warnings about inconsistencies or trigger an automated dispute.

Article: How blockchain can help cities to unlock supply chains

Blockchain, Innovation

How blockchain can help cities to unlock supply chains

Traditionally suppliers have financed their purchase of goods by providing the latter as collateral to a lender. But with stock sitting in warehouses and factories unable to be processed, such trade finance has stalled. At Supply@ME Capital we have devised a solution based on blockchain whereby we can release funds to the company and take control of their stock in a digital ledger without having to physically acquire the materials. The company can then buy back the stock at cost with a fee payable to Supply@ME Capital when the supplier is in a position to proceed with manufacturing or sales.

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Article: China Suggests Worldwide CBDC Rules

Crypto

China Suggests Worldwide CBDC RulesChina Suggests Worldwide CBDC Rules

The rules deal with issues such as CBDC use, monitoring and information sharing, according to Reuters. People’s Bank of China (PBOC) Director General of the Digital Currency Institute Mu Changchun presented the new rules at a recent Bank for International Settlements (BIS) seminar.

He said there should be interoperability between CBDC systems of different jurisdictions and exchange. He also said information flow should be “synchronized” in order to allow regulators the ability to monitor the transactions for compliance, Reuters reported.

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Article: Can cryptocurrencies and their vast energy use co-exist with Singapore’s green goals?

Blockchain, Crypto

Can cryptocurrencies and their vast energy use co-exist with Singapore's  green goals? - CNACan cryptocurrencies and their vast energy use co-exist with Singapore’s green goals?

Despite these developments, blockchain technology can co-exist with Singapore’s green plans, said Asst Prof Dinh. The Government launched a Green Plan last month, charting Singapore’s sustainability goals over the next 10 years across various ministries.

For one, experts believe that energy-intensive cryptocurrency mining is not done on a large scale in Singapore.

In a written parliamentary reply in February, Minister for Sustainability and the Environment Grace Fu said that cryptocurrency mining happens predominantly in markets with a cheap supply of electricity.

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