“Everything is immensely conven…
China To Test Its Own Digital Currency. Will It Rival The Dollar Someday? Bitcoin promises users anonymity, but transactions using China’s digital currency would be tracked by its central bank. Experts say it could someday rival the dollar in international payments.
The municipality of Saudi Arabia’s capital city Riyadh has partnered IBM to facilitate government services and transactions on a blockchain.
Under terms of the partnership, early blockchain-tech mover IBM will work with Elm Company, the municipality’s technology partner, to develop an implementation strategy to plug government transactions and commercial services to citizens and residents on a blockchain, ITP.net reports.
The city administration, IBM and Elm will further sync with key government departments and private and semi-government sectors over a number of workshops to determine the services that can be transformed by blockchain.
https://www.qbittimes.com/blockchain-in-fintech-the-new-ag…/
The application of Blockchain in Fintech is proving that virtually every industry aspires to implement the technology in its internal process. Today, tasks that previously required bulky machines, tangible or physical currencies, and human hands have been efficiently digitised.
There are copious technological advancements making waves in almost every sphere of global business, and the financial service industry is no exception. Therefore, many will agree that the fintech industry is one of the fastest-growing sectors of the decade.
With an internet connection, you can engage in your day-to-day banking activities. Things like trading and investment in the stock market, widen e-commerce platforms, make online payments, exchange currencies online, and undertake equity funding can be done at the comfort of your home seamlessly without stress.
There is countless paperwork involved in conventional trading systems across borders. For instance, exporters and importers have to wait for their respective banks to verify purchase and receipts before issuing a letter of credit.
All because there is no trust within the system. So, the need for a trustless system that will automate a letter of credit is a must.
The average time to issue a Letter of Credit is 5–10 working days. However, that won’t be the case for a letter of credit on the Blockchain.
Dunwoody officials said Thursday that no data was compromised during the ransomware attack, which was detected on Christmas Eve and is now under investigation by the FBI. The intrusion was quickly identified by staff, which worked with the city’s computer security contractors at InterDev to shut down servers and disconnect computers in order to limit the impact of the attack.
“As soon as we detected a problem, we took immediate steps to protect the city’s infrastructure,” Ashley Smith, InterDev’s director of government services, said in a news release. “Data back-ups were used to fully restore systems with no loss.”
Dunwoody police Chief Billy Grogan said the attackers demanded a ransom be paid in bitcoin, a digital currency. He declined to reveal the amount requested but said the city did not pay.
Crypto in the 2020s: scalable and private blockchains, barbell adoption, crypto as a core part of tech, and adoption by institutions and governments.
Data from Coinshares underscores the wealth from days gone by which will ultimately fall into the hands of those who are sympathetic to Bitcoin as sound money.
Those who consider Bitcoin sound money will benefit from Baby Boomers to the tune of three times of U.S. GDP.
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This video is My 1 year Mesenchymal Stem Cells Update from my December 20, 2018 treatments at Dream Body Clinic in Nuevo Vallarta, Mexico. Dream Body Clinic works with CryoVida (www.cryovida.com.mx) to receive the MSCs. CryoVida is the only lab in Mexico with 3 laboratory certifications for stem cell cultivation and research.
The MSCs are extracted from the Wharton’s Jelly of the umbilical cords of young and healthy (disease free) mothers in CryoVida’s fertility clinic in Guadalajara, Mexico which is about a 5 hour drive from the Dream Body Clinic in Nuevo Vallarta where I received the IV infusion and local injections of the MSCs. The MSCs are immediately refrigerated after extraction and stay refrigerated until injection &/or infusion. The MSCs must be injected within 4 days from birth or they must be discarded. CryoVida has been doing this since 2002. Many other companies all over the world have used umbilical cord derived MSCs for various treatments and this treatment is rapidly growing in popularity. I wouldn’t put these MSCs in my body if I didn’t do extensive research to verify that it’s safe. Everyone should do their own research to determine if they feel it’s safe enough to put in their body.
Holochain is a next generation protocol and an evolution of blockchain for web 3.0 leading to a more distributed world.
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In September 2018, United Nations secretary-general António Guterres gave a speech on the global lack of trust, or what he called a “trust deficit disorder.” He just gave a similar speech, this time discussing blockchain specifically. The organization isn’t just motivated to build a more sustainable world or reducing waste from their supply chain, but as American support has waned, donors are demanding assurance their donations are being spent for the purpose they were intended.
United Nations secretary-general António Guterres says the intergovernmental giant needs to embrace blockchain. In a statement provided to Forbes by the secretary-general’s office, Guterres touted the technology first made popular by bitcoin as a crucial component of the organization that generate’s $50 billion in revenue annually.
Coming at a time when the president of China has touted blockchain as a national priority, and the $6 billion United Nations Children’s Fund has started accepting bitcoin and ethereum donations for some of its projects, the statement from Guterres shows that cryptocurrency and the underlying blockchain technology is being seriously explored at the highest levels of the largest organizations in the world.
While China seems largely focused on using blockchain as a way to prevent money laundering and better track its citizens’ transactions, the United Nations work has been more focused on giving donors increased assurance their donations are being spent how they wish, while reducing waste in the organization’s giant supply chain.
