Category Archives for General Interest
Web3 and Identity Risks
Web3 technology, in its current form, does not inherently provide direct mechanisms for identifying individuals. Web3 primarily focuses on decentralization, data ownership, and user empowerment. However, there are certain ways in which Web3 can be utilized in conjunction with other technologies to enhance user identification and authentication processes. Here are a few examples: Self-Sovereign Identity […]
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Coming CBDC Security Challenges
Central Bank Digital Currencies (CBDCs) are designed to be secure and resistant to hacking attempts. However, like any digital system, there is always a potential risk of cyberattacks. While it is challenging to provide absolute guarantees against hacking, CBDCs employ various security measures to mitigate these risks. Here are some key factors that contribute to […]
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AI x CBDCs
AI can play a significant role in the implementation and utilization of Central Bank Digital Currencies (CBDCs) in several ways. Here are some examples of how AI can be employed in conjunction with CBDCs: Transaction Monitoring and Fraud Detection: AI algorithms can analyze transaction data within CBDC systems to detect suspicious or fraudulent activities. Machine […]
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Blockchain x AI
Blockchain is a decentralized and distributed ledger technology designed to securely record and verify transactions across multiple parties without the need for a central authority. It was initially developed as the underlying technology for cryptocurrencies like Bitcoin. However, blockchain technology has found applications beyond cryptocurrencies and has the potential to be integrated with AI systems. […]
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CBDCs: The Offspring of Blockchain and Decentralized Technologies
Blockchain technology has continued to evolve rapidly, transforming various industries and revolutionizing traditional systems. Before exploring the challenges with CBDCs, we will dive into the more recent developments in decentralized blockchain technologies, exploring the major advancements and challenges that have emerged over the years. Scalability Solutions: One of the key challenges facing blockchain adoption has […]
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Supply Chain, Blockchain, & Evolving Paradigms of Pandemic Magnitude
PPE, Ventilators, government aid for citizens, and even scientific research on COVID-19 developments — it has never been more important to efficiently deliver product, services, and data to one another. Yet, when we needed our corporations & governing bodies to act most swiftly, people were instead faced with confusion, distrust, and delay. Through the Pandemic, […]
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A World of Digital Payments
As more and more people work from and stay mostly in the confines of their own homes, cash payments have faced large declines and digital payments have faced truly explosive growth. Traditionally, many groups and individuals have been restricted from switching over to mostly digital payments by either digital exclusions, because the businesses or financial […]
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A Reflection on How Far We’ve Come
On January 3rd of 2009, Satoshi Nakamoto mined the Genesis block—number 0—of Bitcoin, earning a 50 BTC reward. In the years to follow, crypto adoption grew and grew. It grew from small message boards on the internet (where 10,000 BTC were spent on two Papa John’s pizzas!) to formalized exchanges, from Bitcoin and proof-of-work alone […]
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Blockchain Gaming Expands Stay-At-Home World’s Horizons
As the COVID-19 pandemic continues to sweep the global landscape, people across the world are learning to get accustomed to their new stay-home-world. Certain sectors such as broadcast media, commodity delivery, and gaming are seeing unprecedented growth; whereas, other legacy industries are being forced to innovate after decades of stagnancy. However – all-in-all – there’s […]
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Emerging Blockchain Use Cases: DeFi
Over the past 2 years, the blockchain space has started to see projects achieve real traction. Although extremely early, the movement of decentralized finance or DeFi has been achieving real progress with over $500 million in value currently locked up. The premise of DeFi, as conveyed in its name itself, is to challenge the traditional […]
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