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The world’s biggest banks are betting big on this technology – what you should know
At the end of January, the Bank for International Settlements (BIS) announced the first batch of new projects in its 2024 Innovation Hub work programme, including experimentations on cyber security, fighting financial crime, central bank digital currencies (CBDCs) and green finance.
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Web3 and its impact on the finance sector
Blockchain technology will have a significant impact on traditional finance institutions – including everyone from banks to government institutions.
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Using NFTs for identity management – How Governments can advance digital citizenship
NFTs (Non-Fungible Tokens) are primarily known for their use in the digital art and collectables space, but their unique properties could potentially be applied to various fields, including identity management by governments.
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Using blockchain in the automotive sector
While companies around the world are grappling with how best to integrate blockchain and other emerging technologies into their businesses, the automotive industry is taking it in its stride.
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Unlocking transparency and accountability: NFTs in government
Blockchain and Non-Fungible Tokens (NFTs) have the potential to significantly enhance transparency in the public sector in several ways. However, governments also need to be educated on how exactly NFTs and blockchain can be used to help citizens.
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Tokenising processes
In the third session, Wright discussed tokenizing processes and how putting products on-chain can directly benefit companies and consumers. He drew from a real-life example dealing with shipping in Mumbai and how the process was weighed down by endless pieces of paperwork, stamps, and signatures.
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Smart contracts and record-keeping for enterprises with Tokenized
Businesses around the world are facing increased scrutiny around their record-keeping practices with potential fines rising into millions of dollars and even potential jail time. This is especially true in the private market sector which has traditionally not faced as much regulatory pressure.
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Practical ways to use Blockchain and IPv6
In the final session of his Slovenian Masterclass, Dr Wright asked the group to discuss some practical ways to use blockchain and IPv6. He specifically asked attendees to discuss some of the applications that could be built using these technologies across various sectors.
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Why all artists should learn about NFTs
Artists who are looking to expand their portfolios and continue to make a living from their work need to educate themselves about the value of NFTs and how they can benefit from them, says Anthony Francisco, Founder of Creature Chronicles.
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Moving towards a world where everything is tokenised
Blockchain will not only change how we transact online but also the way that things are bought and sold. Notably, the technology allows for the creation of tokens representing different types of assets, such as currencies, securities, or even physical assets like real estate or art.