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How blockchain archives can change how we record history in wartime
We are coming into a great age of blockchain technology, but there are limits that need to be solved before decentralized archives enter the mainstream.
Decentralized blockchain technology has been around for a relatively short period of time, in the grand scheme of things, but its decentralized nature has the power to keep data and information out of the hands of censors looking to create a “safe” and “faultless” version of history.
Blockchain is permissionless and literally owned by no one. So, while we can’t save the Alexandria libraries of the past, we can make sure the future is well equipped with the tools necessary to preserve historical records.
Here we’ll look at some of the ways nonfungible tokens (NFT) and blockchain technology have been used for keeping archives, the potential downfalls of such technology, and what the future holds for blockchain-based storage systems. Read More
Trust in stablecoins ‘infinitely more important’ than collateral
As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case.
In light of recent market effects due to the collapse of the TerraUSD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands.
Co-founder of crypto financial service provider VegaX Holdings Sang Lee favors decentralized stablecoins over their centralized counterparts but thinks they must be coins that people can trust, which poses a dilemma for the industry.
In a conversation with Cointelegraph on Friday, Lee pointed out that the important utility stablecoins serve in the crypto ecosystem was offering traders a uniform unit of account, like the United States dollar does for the global markets. However, he noted that “the way in which these things are maintained is important, too:”
“The most important thing is that it holds its peg because then that single unit of account begins to be unreliable and unusable.” Read More
TZ APAC’s Colin Miles: Blockchain will be taught in classrooms in 3-5 years
TZ APAC’s Colin Miles says that a new partnership with the National University of Singapore’s School of Computing will help students learn about Tezos and blockchain.
Colin Miles, the newly-appointed CEO of TZ APAC, expects blockchain and Web3 curricula to start becoming an integral part of secondary and tertiary education within the next three to five years.
“I would think it’s that classic medium-term, three-to-five timeline,” said Miles.
Miles spoke to Cointelegraph after the announcement of TZ APAC’s partnership deal with the National University of Singapore’s (NUS) School of Computing on Tuesday, which will see the Tezos agency supporting the development of the university’s new center for nurturing computing excellence. Miles said:
“If you have a dedicated center in NUS, which runs blockchain courses every day of every week for students, it will become part of the fabric of one of the best computing schools in the world. I would imagine that most other schools would look to that as an example to follow.” Read More
Blue Studios Launches Family Crypto Wallet With Unstoppable Domains Integration
The Wallio family crypto wallet, launched by Blue Studios in partnership with Unstoppable Domains, will allow admins to set spending caps.
Web3 identity platform Unstoppable Domains has teamed up with Blue Studios to launch Wallio, a software wallet that allows groups to manage their cryptocurrency together.
Wallio is being marketed as a “family wallet” because of features that allow an administrator to set spending limits, savings goals, and approvals for transactions. It could be used to monitor children’s introduction to Web3, but that’s just one use case.
Sandy Carter, Unstoppable Domains senior vice president, told Decrypt she’s had to help her own relatives get up to speed with crypto.
“Like, even my sister-in-law, who’s a school teacher—she was trying to transfer money and I think she got mixed up with Ethereum and U.S. dollars,” Carter said. “So she was trying to transfer like 1,000 Ethereum. Luckily she asked me about it and I was able to help guide her through.”
The shared wallet structure allows families to function like a DAO, or decentralized autonomous organization, voting on what to invest in next and managing budgets and savings goals. Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
Benefits Of Having A Decentralized Entertainment Industry
Blockchain has revolutionized shopping, security, and finance, and now it’s set to revolutionize the entertainment industry.
The general belief used to be that uses for blockchain technology and decentralization were confined to cryptocurrencies, but this is dramatically changing as financial institutions, agriculture, healthcare, and governments have begun adopting it.
While the most visible changes have been in the financial sector, blockchain technology is also impacting several others, potentially leaving a lasting impression on the entertainment industry, from the way content is produced, distributed, and consumed to the relationship between audiences and creators. Read More
Polkadot vs. Ethereum: Two equal chances to dominate the Web3 world
Here’s how Polkadot's ecosystem and Substrate platform can be compared with Ethereum’s upcoming upgrade as the race toward Web3 gathers momentum.
For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality.
Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake (PoS) blockchain will be a welcome reprieve.
Unbeknownst to most casual investors, however, Polkadot's Substrate platform has been making massive inroads in the development of a parallel decentralized internet infrastructure that many believe will eventually eclipse Ethereum's. Read More
Blockchains are forever: DLT makes diamond industry more transparent
Blockchain integration into any sector has proven to be a fitting move, and the diamond industry’s interest in the technology will without doubt be instrumental in its improvement.
Diamonds are some of the world’s most valued gemstones, and the global diamond industry has managed to remain afloat despite being partially eclipsed by the emergence of modern stocks and novel virtual assets.
The diamond industry, however, appears to be undergoing a paradigm shift in recent times — incorporating modern technology such as blockchain to improve diamond production, tracking, and ultimate sales.
Leanne Kemp, CEO of independent technology company EverLedger, stressed the need for blockchain integration in the industry to improve the tracking of a stone’s provenance.
Speaking on the issue of data manipulation concerning a diamond’s provenance four years ago, Kemp noted that “we see document tampering where one stone has been claimed across similar timelines with multiple insurers.”
While it has yet to directly provide a solution to all the concerns of the diamond industry, blockchain is being used to solve a few of them by facilitating transparency that helps track the provenance of diamonds. This is primarily aimed at suppressing the sales of “conflict diamonds.” Diamond mining corporation De Beers Group has pointed out the potential of blockchain in the industry for increased accuracy, trust, and transparency with regard to determining a diamond’s origin. Read More
The Challenges For Blockchain Technology And Corporate Adoption
There are current technological problems that are preventing more widespread adoption of blockchain technology, as well as potential solutions to these issues. Though blockchain offers numerous benefits, the technology still has a long way to go before it can reach its full potential.
So, where are we now? Any new technology, including blockchain technology, must pass through many phases. According to recent assessments, 90% of blockchain initiatives will need to be replaced within the next 18 months.
That is not surprising. It takes a long time for new technologies to overcome all of their hurdles and be used to power the contemporary world. And these difficulties aren't just technological. What is the next step? Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
