Delhi banks on blockchain technology for tamper-proof FSL report | Delhi News

NEW DELHI: Delhi has become the first city in the country to use the blockchain technology in crime investigation. To ensure critical evidence collected from a crime spot and sent to the forensic lab for analysis and its report are not tampered with, Delhi government has introduced the blockchain technology in Forensic Science Laboratory (FSL).
Officials said that blockchain would ensure immutability of records, lend reliability of digital evidence and provide effective audit trail capabilities. Blockchain, also referred to as distributed ledger technology, makes the history of any digital asset unalterable and transparent through the use of decentralisation and cryptographic hashing. The new system will also protect the FSL data from hacking, officials added.


Incorporating new technology is fundamental to improved forensic science. In this case, introducing a blockchain system will help prevent possible tampering of evidence, a previously-noticed flaw in the system. The technology must be put into practice as soon as possible. Forensic labs in other statesshould also follow suit.

IT department officials said the technology would soon be introduced in securing data of various certificates such as caste, domicile and character issued by the revenue department and afforestation records.
Officials said the investigating agencies of other states could also upgrade the Crime and Criminal Tracking Network and System (CCTNS) to use it. Traditionally, said officials, the data of the evidence collected by the investigating agency from the crime scene is uploaded to CCTNS and the exhibits are then sent from the police station to FSL. The evidence is placed in a box on top of which the details of the case and a physical seal are placed. The head of the division at FSL assigns the case to a reporting officer, tests are conducted and the report is generated.


“There is scope at several levels for tampering with the evidence. In this entire chain of custody, blockchain interventions have been implemented at four stages — when the samples, along with the copy of the FIR and the queries, are received, when the case is assigned to an investigator at FSL, during finalising the report, and when it is despatched,” said an official.
“To make a change at any stage, one cannot alter the existing record, and a new block will have to be created and a new QR code will be generated. If there is any attempt to tamper with the record, immediate alerts will go to all authorised persons,” said another official.
The Delhi FSL receives about 1,500 samples in a month. Officials said the investigators at FSL and police personnel up to the assistant commissioner level had been trained to use the new technology.
According to IT officials, the use of technology for smart policing and strengthening the criminal justice system was stressed upon by Union home minister Amit Shah at All India Police Science Congress in Bhopal last April. The IT department started working on bringing the technology in the e-FSL system in September. “Technology will act as multipliers to bring efficiency and ensure transparency and objectivity in the working of the department,” Delhi chief secretary Naresh Kumar said.
Officials said until recently, police, FSL and courts operated their respective IT-based systems in silos, resulting in limited capabilities to share data with each other that made it difficult to track and trace the cases. With the introduction of Interoperable Criminal Justice System and integration of CCTNS with e-Court, e-Prison, e-Forensics, and e-Prosecution, the data exchange has become easier. “The timestamps and encrypted data in blockchain will ensure that each block is added sequentially to a chain,” the official added.

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Pomerantz Law Firm Announces the Filing of a Class Action Against Argo Blockchain plc and Certain Officers and Directors – ARBK; ARBKL – World News Report

/EIN News/ — NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Argo Blockchain plc (“Argo” or the “Company”), (NASDAQ: ARBK; ARBKL), and certain officers and directors. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 23-cv-00572, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Argo American Depository Shares (“ADSs”) pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company’s initial public offering conducted on or about September 23, 2021 (the “IPO” or “Offering”); and/or (b) Argo securities between September 23, 2021 and October 10, 2022, both dates inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased or otherwise acquired (a) Argo ADSs pursuant and/or traceable to the Offering Documents issued in connection with the Company’s IPO, and/or (b) Argo securities during the Class Period, you have until March 27, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Argo, together with its subsidiaries, purports to engage in the cryptocurrency mining business worldwide, including the mining of Bitcoin or Bitcoin equivalents (together, “BTC”).

Argo maintains a fleet of thousands of BTC mining machines at facilities located in Canada and Dickens County, Texas. The Company’s Texas facility is referred to as its “Helios” facility.

On August 19, 2021, Argo filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) in connection with the IPO, which, after several amendments, was declared effective by the SEC on September 22, 2021 (the “Registration Statement”).

On September 23, 2021, Argo filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (the “Prospectus” and, together with the Registration Statement, the “Offering Documents”).

On or about September 23, 2021, pursuant to the Offering Documents, Argo conducted the IPO, issuing 7.5 million ADSs to the public at the Offering price of $15 per ADS for approximate proceeds of $105 million to the Company before expenses and after applicable underwriting discounts and commissions.

The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) Argo was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network difficulties; (ii) the foregoing issues hampered, inter alia, Argo’s ability to mine BTC, execute its business strategy, meet its obligations, and operate its Helios facility; (iii) as a result, Argo’s business was less sustainable than Defendants had led investors to believe; (iv) accordingly, Argo’s business and financial prospects were overstated; and (v) as a result, the Offering Documents and Defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

On June 7, 2022, Argo issued a press release providing an operational update, in which it disclosed that it had mined approximately 25% fewer BTC in May 2022 compared to April 2022 because of, inter alia, increased network difficulty, higher electricity prices, and the curtailment of mining operations at its Helios facility. 

On this news, Argo’s ADS price fell $0.28 per ADS, or 4.4%, to close at $6.09 per ADS on June 7, 2022.

On October 7, 2022, Argo issued a press release “announc[ing] several strategic actions that are intended to bring in additional capital to the business and ensure that the Company has the working capital necessary to execute its current strategy and meet its obligations over the next twelve months.” Argo stated that in addition to measures being undertaken to reduce costs and preserve capital, the Company had signed a non-binding letter of intent with an affiliate of New York Digital Investment Group to amend an existing equipment financing agreement, plans to sell 3,400 mining machines for cash proceeds of £6 million, and intends to raise approximately £24 million via a proposed subscription with a strategic investor. 

On this news, Argo’s ADS price fell $0.97 per ADS, or 23.26%, to close at $3.20 per ADS on October 7, 2022. 

Then, on October 11, 2022, Argo issued a press release providing an operational update, in which it announced that “[d]uring the month of September, Argo mined 215 [BTC] compared to 235 BTC in August 2022” which was “primarily due to a 12% increase in average network difficulty during September.” Argo also stated that it “is continuing to curtail operations at its Helios facility in Dickens County, Texas during periods of high electricity prices” and was replacing the Company’s Chief Technology Officer.

On this news, Argo’s ADS price fell $0.27 per ADS, or 10.98%, to close at $2.19 per ADS on October 11, 2022.

As of the time the complaint was filed, Argo’s ADSs continued to trade below the $15 per ADS Offering price, damaging investors.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

Robert S. Willoughby
Pomerantz LLP
888-476-6529 ext. 7980

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Life DeFi Wallet Integrates Polygon Blockchain to Bring Scalable User-Friendly Decentralized Applications to Its DeFi Ecosystem – World News Report

Polygon’s layer 2 scaling platform unlocks thousands of digital assets and decentralized applications that can now be natively accessed by users in Life DeFi Wallet rapidly growing user base

/EIN News/ — Victoria, Seychelles, Jan. 26, 2023 (GLOBE NEWSWIRE) —  Life DeFi Wallet, the world’s first multi-blockchain non-custodial digital wallet service that allows users to transact directly through usernames, has integrated the Polygon blockchain to bring digital assets leveraging the popular layer 2 scaling solution’s increased speed, lower fees and strong security, as well as the expansive suite of dApps built on the Polygon blockchain and to Life DeFi Wallet’s rapidly expanding platform. The development was overseen by GDA International, which provides digital asset companies with access to growth capital and financial advisory services that help stakeholders navigate the digital asset landscape.

As the first layer two solution for Ethereum, which emerged to provide faster transactions and lower costs for users, Polygon acts as a speedy sidechain running alongside the main Ethereum blockchain. Polygon uses the same proof of stake algorithm of the Ethereum blockchain, as well as the same Ethereum Virtual Machine (EVM), so that developers can quickly and easily migrate applications and digital assets between both protocols, but with fees that are a fraction of the cost to Ethereum and transactions that process at near instant speed.

Polygon has over 135 million unique addresses, over 34 thousand decentralized applications built on the protocol, has completed over 1.8 billion transactions and boasts a suite of solutions that provide custom scaling and privacy functionality with modular development frameworks available. The applications built on Polygon include everything from decentralized exchanges, bridges and lending and borrowing protocols, to metaverses, play to earn games, NFT platforms and more. Integrating the Polygon blockchain represents a big step forward in making all digital assets and DeFi functionality accessible to the Life ecosystem.

Life DeFi Wallet has streamlined digital asset transfers, making it possible for users to send and receive such assets using simple @usernames in place of complicated public keys. This will help to onboard new users into the blockchain and Web3 spaces and significantly reduces the adoption hurdles that currently face users in the digital assets space. As part of this initiative, the Life DeFi Wallet team will reserve the @polygon username within the Life ecosystem for the Polygon Foundation.

According to Life DeFi Wallet Founder Patrick Andras: “The Polygon blockchain is one of the most widely used protocols and powers many of the most used dApps in the world. Integrating Polygon opens up thousands of new dApps to become available from Life’s upcoming dApp browser and millions of users of digital assets on their protocol will now have access to a simple to use and highly secure non-custodial wallet they can send any token issued on polygon to others using an @username.”

Michael Gord, CEO of the GDA Group of Companies, said: “The objective of Life DeFi Wallet is to make using digital assets simple and accessible to everyone. Integrating Polygon is a big step forward towards being able to have the users of Life take advantage of all the decentralized applications built on the Polygon blockchain and to be able to store and send all digital assets issued on Polygon.”

Life DeFi Wallet’s integration with Polygon comes only days after the application was publicly released on the Android Play Store. GDA Group, Life DeFi Wallet, and Polygon are setting the stage for delivering meaningful advancements for users in the areas of convenience, value generation, and outreach in a wide range of industry verticals. To learn more about Life DeFi Wallet’s suite of services, how to obtain your personal @username, or for the Life DeFi Wallet project roadmap, please visit https://lifecrypto.life/ or download the Life DeFi Wallet on the Play Store.

About Life DeFi Wallet

Life DeFi Wallet is a highly secure and multi-chain, non-custodial wallet that lets users transact digital assets via username. Users can swap Life’s native token for hundreds of different digital assets, on/off ramp fiat, and buy and sell usernames and NFTs through a native marketplace. Life DeFi Wallet is on track to be the most utilized app for all individuals engaged in crypto. Learn more at https://lifecrypto.life/.

About GDA International

GDA International provides digital asset companies with access to growth capital, as well as capital markets advisory services that help stakeholders navigate the digital asset landscape. The GDA International executive team has experience that spans the entire blockchain industry including venture capital, private equity, trading, token economics, token development, and multinational enterprise to digital asset partnerships.

Media contact:

Robert Penington


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Monitor Market Size Expected To Reach $67.79 Billion By 2027 – World News Report

The Business Research Company's Monitor Global Market Report 2023 : Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Monitor Market Report 2023 : Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Monitor Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, January 26, 2023 /EINPresswire.com/ — The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s “Monitor Global Market Report 2023” is a comprehensive source of information that covers every facet of the monitor market. As per TBRC’s monitor market forecast, the global monitor market size is expected to grow to $67.79 billion in 2027 at a CAGR of 3.0%.

The growth in the monitor market trends is due to growing internet penetration. Asia-Pacific region is expected to hold the largest monitor market share. Major players in the monitor global market include Dell Technologies Inc., HP Inc., TPV Technology Limited, Lenovo Group Limited, Samsung Group, LG Electronics Inc., Apple Inc., Acer Inc., AsusTek Computer Inc., BenQ Corporation, ViewSonic Corporation Inc., AOC International, NEC Display Solutions, Microsoft, Alienware, MSI, Chuntex Electronics Co. Ltd.

Learn More On The Monitor Market By Requesting A Free Sample (Includes Graphs And Tables):

Trending Monitor Market Trend
Advanced technologies are gaining popularity in the monitors market. Major companies operating in the monitors market are concentrating on creating creative technological solutions for monitors.

Monitor Market Segments
• 1) By Type: Cathode-ray tube (CRT, Liquid Crystal Display (LCD), Light-Emitting Diode (LED)
• 2) By Application: Gaming, Business/Commercial, Personal
• 3) By Resolution: 1366*768, 1920* 1080, 1536*864, 1280*720, 1440*900, Other Resolutions
• By Geography: The global monitor market research is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read more on the global monitor market report at:

A monitor is a display device like a television monitor. It interprets and displays the graphic output signal from the computer’s graphics card and displays it on the screen.

Monitor Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Monitor Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on monitor global market size, drivers and trends, monitor global market analysis, monitor global market major players, competitors’ revenues, market positioning, and monitor global market growth across geographies. The monitor global market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Computer Peripheral Equipment Global Market Report 2023

Computer Hardware Global Market Report 2023

Laptops Global Market Report 2023

About The Business Research Company?
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

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Learn the blockchain this year and dive into a new frontier

On sale for just $25, The 2023 Blockchain Development Fundamentals Bundle offers courses to help you understand the essentials of blockchain.

Bitcoin with dispersion effect. Blockchain fail concept. Physical version of Bitcoin disperses into small pieces in the form of zeros and ones (Binary Number System).
Image: promesaartstudio/Adobe Stock

Over the past few years, blockchain has revolutionized technology, impacting virtually every industry, from improving logistics and expediting operations to inciting chaos in the financial sector. While cryptocurrency may be the most well-known application of blockchain technology, it is far from the only one.

And while crypto may be struggling right now, that just means it’s the perfect time to get more familiar with the blockchain. You can do that with The 2023 Blockchain Development Fundamentals Bundle.

This five-course bundle is about far more than cryptocurrency. You will learn how blockchains are structured through block mining, understand how decentralized apps work, learn about digital ledgers and transactions, and much more. All the while, you’ll get familiar with Solidity, one of the top tools for creating blockchains. You’ll learn how to use Solidity and JavaScript to create NFTs and DApps.

As you work, you’ll understand the essentials of the Ethereum blockchain and discover the components required for deploying a DApp. You’ll learn how to set up a local blockchain for DApps, understand how to deploy them on Ropsten Testnet through an Endpoint, and learn how to take your DApp to the Ethereum Mainnet.

You’ll also take a deep dive into Web3js, learning how to build powerful decentralized apps for metaverse and other Web3 developments. By the end of the courses, you’ll have a solid grasp of what the blockchain can do and have the skills necessary to build blockchain components. It’s the kind of education that will future-proof your skills and allow you to start a side hustle or climb the career ladder.

Learn one of today’s most in-demand technologies. Right now, you can get The 2023 Blockchain Development Fundamentals Bundle for just $25 for a limited time.

Prices and availability are subject to change.

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The Top Blockchain Development Companies In January, According To DesignRush – World News Report

Global blockchain spending is predicted to reach $19 billion in 2024. DesignRush identified the top blockchain development companies that help businesses increase security and transparency in their operations.

MIAMI, Jan. 26, 2023 /PRNewswire-PRWeb/ — Statista estimates the worldwide spending on blockchain solutions to increase from $4.5 billion in 2020 to $19 billion by 2024. This trend is driven by different use cases, with secure information exchange being the top purpose of 45% of companies using blockchain technology, followed by digital currency (44%) and asset tracking and management (40%).

DesignRush, a B2B marketplace connecting businesses with agencies, listed the best blockchain development companies that help firms build customer trust through enhanced security and transparency in transactions.

The top blockchain development companies in January are:

1. Tragic Media – tragic.media
Expertise: Blockchain Development, AR Development, Web Development and more

2. TRooTech Business Solutions – trootech.com
Expertise: UI/UX Design, Blockchain Development, AR/VR Development and more

3. Chainhouse – chainhouse.it
Expertise: Blockchain Technology Consulting, Blockchain Development, App Development and more

4. Avicenne Agency – avicenne-agency.com
Expertise: Web Development, Blockchain Development, Smart Contract Audit and more

5. Yodaplus – yodaplus.com
Expertise: eCommerce Development, Blockchain Technology Consulting, Blockchain Development and more

6. Brumaire – brumaire.io
Expertise: Software Development, Web Development, Blockchain Development and more

7. Twendee Software – twendeesoft.com
Expertise: Blockchain Development, App Development, eCommerce Development and more

8. Algo – algocodingexperts.com
Expertise: AR/VR Development, Blockchain Development, IoT Development and more

9. Devwiz – devwiz.com.au
Expertise: Blockchain Development, App Development, UI/UX Design and more

10. Artiffine – artiffine.com
Expertise: Web Design, Blockchain Development, NFT Development and more

11. CoinFabrik – coinfabrik.com
Expertise: Blockchain Development, Smart Contract Audit, NFT Development and more

12. Prolitus Technologies – prolitus.com
Expertise: App Development, Metaverse Development, Blockchain Development and more

13. Unified Infotech – unifiedinfotech.net
Expertise: eCommerce Development, Blockchain Development, UI/UX Design and more

14. Intellias – intellias.com
Expertise: Blockchain Development, Data Engineering, Cybersecurity and more

15. Evrone – evrone.com
Expertise: App Development, Blockchain Development, Web Development and more

Brands can explore the top blockchain development companies by location, size, average hourly rate and portfolio on DesignRush.

About DesignRush:

DesignRush.com is a B2B marketplace connecting businesses with agencies through expert reviews and agency ranking lists, awards, knowledge resources and personalized agency recommendations for vetted projects.

Media Contact

Maja Skokleska, DesignRush, 8008565417, maja@designrush.com



SOURCE DesignRush

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WEF digital asset head expects real-world blockchain adoption in 2023

Changpeng Zhao, the chief executive officer of Binance, the world’s biggest crypto exchange, said in a talk at Davos that the industry now needs to focus on the evolution and promise of blockchain technology itself. 

The World Economic Forum’s Head of Blockchain and Digital Assets Brynly Llyr shared similar views, especially around blockchain applications in sustainability efforts and the environment. 

In an interview at Davos with Forkast.News Editor-in-Chief Angie Lau, Llyr argued that 2023 should see more real-world adoption of blockchain technology. The following Q&A has been edited for clarity and length.

Angie Lau: What do you think the trending issues are and what’s top of mind for people post-Davos?

Brynly Llyr: I would say the through line has been about case studies, real world case studies, enough of the technical theory, although that’s interesting. It is time to really showcase the real use cases that we see today.

Lau: I thought one of the biggest takeaways was interoperability. There are different ecosystems, and yet we’re all participating in a global digital economy. So when it comes to migrating from the old world to the new, if that interoperability doesn’t exist is liquidity going to be trapped in the old ecosystem?

Llyr: Yes. I think that’s exactly right. And this is where the work comes in and why the forum is so useful, because we bring together these different voices to come up with that interoperability solution. Because we are not small villages kept to ourselves, we are global.

Lau: The year 2022 started with Terra Luna and then ended with FTX. I note that financial institutions might have withdrawn interest in cryptocurrencies as a speculative alternative asset, but they did not withdraw their interest in investing in blockchain. The technology didn’t fail. 

Llyr: It is about what the blockchain can enable, what is possible, and I still see a lot of enthusiasm around there. This goes back to the work that we’re doing at the forum related to crypto impact. So we’re working with entrepreneurs around the world and in the U.S., right now we’re focused on the U.S. We’re going to expand it. We see a number of use cases and a number of developers that continue to be energized and to continue working on these projects. And I think you still see money coming into them.

Lau: As new participants enter this space, how do you ensure a move to the digital economy that embraces more than the few?

Llyr: One, do we all need to be corralled together? Maybe, maybe not. I mean, some of the benefit of a decentralized system is that you get a lot of different viewpoints and a lot of diversity in what is being developed. So I think there is something to be said for keeping that diversity. We shouldn’t all be at one single file line. The other is, how will we get there? I think we follow the path of the user. I think when people realize that using these products make a difference in their lives and they start using them and we see where the adoption is, that’s where we go.

Lau: Where is 2023 headed for you as you lead these global conversations?

Llyr: I see some really interesting work in the area of sustainability and environment. We’ve already been focused on that, but I’ve made connections this week that make me even more excited about that. Food security, I think, is very much related. Some really interesting ideas coming out of that and proof of concepts and many people that are interested in trying out some really interesting business cases. So I think this is going to be a year of real action, development, study and research.

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Governments and brands will drive blockchain adoption: Alex Filatov

(Kitco News) – As the crypto winter drags on, there are still areas of the blockchain ecosystem that are thriving beneath the radar. Alexander Filatov, Co-Founder and CEO of EverX, spoke to Kitco News anchor David Lin about how investors can navigate the crypto hype cycle, how DAOs might help prevent the next FTX-type event, and where NFTs can create real-world value.

Government adoption trends

One area where Filatov sees progress is in the public sector. He said that governments around the world are discovering interesting applications for blockchain technology, including central bank digital currencies (CBDC), identity management and voting. “I think governments are discovering that there is something about the technology that can bring more functionality,” he said. “If we talk about CBDCs, you can program the money, and you can enable more traceability.”

Filatov sees two trends driving government blockchain adoption. “One is the desire to control decentralized space,” he said. “And then the desire to embrace the technology, to bring more programmability-slash-functionality, and also more transparency and control into the financial system.”

NFTs will get real

Filatov also sees a different future for NFTs, one more rooted in real-world applications than their speculation-driven heyday, especially with the advent of AI-driven creative processes.

“When NFTs really blasted in the spring of 2021, you’ll remember that you could generate collections of rocks, monkeys, frogs, you name it, and everybody could see that this was just a short-term hype,” he said. “Now that you have technology like Midjourney or some of the other things like that, where you can generate amazing collections in minutes, it just doesn’t make sense. The future of NFTs is utility, it has to bring the real utility component to make sense.”

Filatov sees several areas where the programmability and robust ownership components of NFTs can solve real-world problems. “FIFA has been struggling for years that people don’t resell their tickets. I was just in Qatar for the FIFA World Cup event, and it’s still not solved,” he said. “With blockchain you can program resellability, you can program certain rules, if you want you can build in royalties, etcetera.”

For artists, he said NFTs offer a new way to eliminate intermediaries. “For example, a famous artist can just, using the modern marketplace, issue his or her own tickets and do the concert in the metaverse, selling the tickets as NFTs, and there are no producers, there are no intermediaries, there are no ticketing companies, nobody. It’s just an artist and the users.”

Big brands coming aboard

Filatov noted that corporations and big brands are beginning to discover how NFTs enable them to cater directly to their customers and fans, and he believes use cases will become more sophisticated as the industry develops.

“Football clubs for example, and Starbucks, and Playboy, all of them have tried with NFTs in the last year, to a different degree of success,” he said. “Many of them failed because they were rushing, I think, and not thinking enough about the utility, but it’s just the start.”

DAOs can prevent mismanagement and fraud

He also thinks distributed autonomous organizations, or DAOs, could make a significant contribution to the crypto space on the governance side. “We all saw the failures of centralized decision making systems, and I don’t want to come back to FTX, but it kind of was a little bit of a one-man show,” he said. “So what DAOs allow you to do is to move away from centralized decision-making and potential misbehavior to decentralized decision-making and consensus-driven decisions. And hopefully more transparency, trust and security as a consequence of that.”

Moving the blockchain forward

Asked what he believes is holding back the growth of the crypto ecosystem, Filatov said that while the broader market plays an important role, developers can go a long way toward helping adoption of new tools and technologies.

“The biggest factor of course is the global financial system,” he said. “With interest rates in the US climbing, it’s just natural that people will move their money away from more speculative sectors.” Filatov acknowledged that the blockchain and crypto space, like high tech, is still very risky. “I think the minute funds start coming back from more defensive segments of investment into more risky segments with higher yields, I think we’re going to see the reverse of that.”

The second major factor is adoption, which he believes will improve as applications become more intuitive and user-friendly. “We are still talking about 100 million users using blockchain-slash-crypto more or less regularly,” he said. “And that [adoption] is being taken care of by constantly improving UI and UX. I remember when I first tried some of the wallets and exchanges in 2016, it was horrible. From the UI, UX standpoint, it was like the internet of 1993 or something. Now we’re in the internet of maybe 2000, with much friendlier UI and better UX.”

To learn which crypto market segments Filatov believes are poised to grow in 2023, watch the above video.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Dr. Eva Porras on Blockchain DXB podcast: SmartLedger uses blockchain tech to solve business problems

The SmartLedger team has kicked off 2023 with a flurry of media appearances. Bryan Daugherty, Greg Ward, and other team members have appeared on several podcasts already this year.

On January 17, Dr. Eva Porras, the Managing Director of SmartLedger, appeared on the Blockchain DXB podcast. Check it out via this link or read a written summary below.

Introducing Dr. Eva Porras

The Blockchain DXB host, George, asks Dr. Porras to introduce herself and tell us about her recent trip to Dubai.

Dr. Porras explains that she often travels to Dubai because it’s a very exciting place to be in right now. She introduces herself as a well-traveled person with an eclectic range of interests ranging from literature to photography, eventually doing a PhD in Finance in the United States. She’s particularly interested in financial bubbles, something which comes in useful when dealing with the digital currency industry in its current form.

What is SmartLedger, and why does it use BSV?

Dr. Porras is MD of SmartLedger. George asks her to tell the audience about it and the core problem it’s trying to solve.

“SmartLedger is a company with a philosophy—using blockchain technology to solve business problems,” Dr. Porras says. While it’s first and foremost a distribution channel, it has also started creating its own solutions, such as TicketMint and various applications. The SmartLedger team recently demonstrated some of these solutions for CoinGeek.

Which blockchain does SmartLedger use? Bitcoin SV—the original Bitcoin protocol. George notes that most people in the ‘crypto’ space are critics of BSV and asks what advantages it offers. Dr. Porras says that the BSV protocol is set in stone, and that’s the main advantage. It’s fast, scalable, and stable, setting it well ahead of the competition.

“The survival of the industry depends on making this technology available,” she says, detailing how Satoshi Nakamoto made micropayments possible, and that’s the main point of this technology.

Why did the firm choose to move to Dubai and enter the Middle East? What went into that decision? SmartLedger was there for the BSV Global Blockchain Convention in May 2022. Dr. Porras stayed longer and had many different meetings, and that’s when the company decided to move in and immediately began the process.

How is SmartLedger planning to deal with the competition in Dubai? Tailor-made solutions that solve real problems rather than generic packages are the key.

Educating customers and overcoming challenges in the industry

Dr. Porras says that at this stage, potential customers should listen closely and educate themselves. “Don’t go with the flow,” she says, highlighting how backtracking when you choose the wrong technology is difficult.

SmartLedger genuinely wants companies to choose the best technology for them, and it’s a priority to educate and help customers decide on the best solution.

George notes that 2022 was a challenging year for the industry and asks how SmartLedger has overcome or plans to overcome its hurdles. Dr. Porras says that the year has been a blessing and a curse, but the prices of speculative tokens don’t impact the company as it does not buy, sell, or trade digital currencies.

What should we expect in the coming years? Dr. Porras is hesitant to give advice as “advice depends on your perspective,” but generally, she says to look at what people do rather than what they say and look back and see what has happened since 2000. She urges people to be careful and do what’s right for their organizations and countries.

Will digital currencies replace fiat currencies?

Dr. Porras doesn’t think digital currencies will completely replace fiat. Instead, she thinks they will complement each other. Bitcoin was invented because fiat currencies couldn’t do nanopayments.

However, she believes the world will change a lot due to this technology. Financial services, banking, and the processes they rely on will all undergo a sort of revolution thanks to blockchain technology.

Key takeaways from this podcast

  • SmartLedger is a blockchain distribution platform that also creates its own applications and solutions. Its philosophy is to use blockchain technology to solve business problems.
  • SmartLedger uses the BSV blockchain. It’s the fastest, most scalable proof-of-work blockchain with low fees that enable micro- and nanopayments.
  • The company has recently moved into Dubai and plans to work in the wider Middle East. It sees a huge amount of potential in this area.
  • Dr. Eva Porras, the Managing Director at SmartLedger, thinks education and understanding the true purpose of blockchain are crucial at this stage. She advises potential clients to compare the different blockchain protocols and understand what the technology is all about.
  • Dr. Porras does not think digital currencies like Bitcoin will replace fiat currencies. She thinks they will complement each other, but the BSV blockchain will create a revolution of sorts as the processes the financial industry relies on and utilizes are overhauled.

Watch: Live Streaming & Blockchain

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New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

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Blockchain VC Investments Continue In Freefall: Report

Cointelegraph Research has analyzed all venture capital transactions and trends in the blockchain industry during Q4 2022. The second half of 2022 saw a drastic decline in capital inflows across the five main sectors of the blockchain industry: Decentralized Finance (DeFi), Centralized Finance (CeFi), Non-Fungible Tokens (NFTs), Infrastructure and the Web3. The first half of 2022 brought in just under $30 billion of investment, while the second half saw just $7.3 billion, a dramatic drop.

As the crypto industry heads into 2023, Cointelegraph Research has examined data from its Venture Capital Database, which contains comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds, and more. Using this database, Cointelegraph Research crunches the numbers to find the biggest industry trends. Their latest report explores the fourth quarter of 2022 and how it relates to the bigger picture of 2018 to 2022.

Download here the full report, with graphs and infographics.

Investments decrease from April 2022

In the aftermath of the Terra collapse in the early part of 2022, the blockchain industry did not seem to be able to attract VC again to invest in this industry as it did in 2021 and early 2022.. In 2021, USD 30.5 billion were invested, and 2022 was on track to double that figure, right up until April 2022, when everything began to decline. There was a brief uptick in equity investment in September, but it was not sustained through the end of the year, and the last three months were below $1 billion in investment.

The number of operations also dropped considerably, to just 182 in the fourth quarter. While in the previous months the large operations always exceeded USD 100 million, in the fourth quarter there were only five above that figure. The 182 deals were focused on the Web3 sector—which includes subcategories such as metaverse, GameFi, id, and many others—followed by infrastructure and DeFi. NFTs and CeFi were the least popular in terms of number of trades, but the numbers can be misleading.

The most active and least active sectors tie in investment

Web3 was the most popular sector of the blockchain industry for investment, with 616 individual trades, while CeFi was the least popular, with 201 trades.. However, both sectors brought in a total of $9.2 billion in 2022. The average deal for Web3 was $15.4 billion, compared to CeFi’s average of $46.6 million. Blockchain and cryptocurrency projects seeking venture capital funding or investment in the future may want to pay attention to which sector they belong to in order to better prepare.

Blockchain VC Investments Continue In Freefall: Report

This report is drawn from the extensive Cointelegraph Research Terminals database along with analysis by Michael Tabone, a senior economist at Cointelegraph Research. Tabone has extensive experience in economics, business, finance, cryptocurrency, blockchain technology, and emerging technologies. In addition to working for Cointelegraph Research, he is completing his doctoral thesis, which focuses on the theory and application of DAOs.

Keychain Ventures is a crypto investment firm that invests in different funds in the blockchain space. Keychain Ventures, along with Cointelegraph Research, will feature quarterly interviews with venture capital firms, as well as cryptocurrency and blockchain projects that have recently gone through a funding round. These interviews will reveal diverse views on the investment practices of all parties involved.

The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

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