Blockchain community initiative

In collaboration with three state enterprises and four large business corporations, the 14 banks announced the establishment of the initiative on Monday. They aim to upgrade businesses efficiency and competitiveness by adopting blockchain technology, with the initiative initially implemented via the LG project. This will lead to fully integrating the LG system worth Bt1. It is expected to have an interoperability launch in the third quarter of this year, according to the press statement. Sat, January 29, Related News Revenue Dept set to ease tax rules on cryptocurrency investments Developer Scope unveils premium 2-billion-baht project near Thonglor Marriot launches global promotion Five Dow Group projects on plastic waste management get approval AirAsia Group changes its name to Capital A.

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Content:

• Build a custom email digest by following topics, people, and firms published on JD Supra.
• About Our Initiative
• Community & Business Groups
• Berkeley Haas Blockchain Initiative (Ripple UBRI)
• City of Philadelphia
• The Next Big Technology to Transform Government
• Building Applications and Community at Yale’s First Blockchain Bootcamp

WATCH RELATED VIDEO: ACE Education Blockchain Initiative – What Is Blockchain?

Build a custom email digest by following topics, people, and firms published on JD Supra.

Miami is very well positioned to be the blockchain city of the world, experts are saying, as an influx of talented people in the blockchain technology industry are choosing the city to develop their businesses and create a crypto-enthusiastic community. The Miami-Dade County Cryptocurrency Taskforce, created May 4 by the county commission, is studying potential policies and ways the county could implement cryptocurrency as forms of payment for taxes, fees and services.

Smith said the company would plan to hire employees over the next year and over the next couple of years. On Nov. While those initiatives have not yet taken place, his efforts move ahead plans to integrate cryptocurrency into the city government. Patel also said that many residents have attended meetings of the Miami-Dade Cryptocurrency Task Force expressing interest and sharing independent projects.

Although the city has not adopted the protocol yet, city commissioners agreed on Sept. There is not a city or a county that has its own cryptocurrency that is being transacted within its constituents. Alex Lemberg, the CEO of Nimbus Platform, a decentralized finance company that provides 16 revenue streams for traders and recipients of cryptocurrency, said more people and institutions are realizing the real scope of the transformation these innovations create.

According to Mr. DeFi, he explained, is a bank operating on the blockchain; a series of smart contracts — computer codes without human intervention — which, in conjunction with each other, provide bank services. Having a microscope on Miami would certainly be something that can be extrapolated to the greater world. Your email address will not be published.

The Newspaper for the Future of Miami. Connect with us:. Get the E-Edition Click here to register. Free Headlines in your Inbox Click here to signup. Leave a Reply Cancel reply Your email address will not be published. Related Articles Miami-Dade looks at accepting cryptocurrency Task force probes county cryptocurrency use Cryptocurrency task force awaits six members Cryptocurrency team looks at broad county opportunities Should county be sound as a dollar or sound as a crypto?

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About Our Initiative

Blockchain technologies are introducing new systems of trust and exchange on which users can send value directly from one party to another without the need for intermediaries. Digital currencies e. UNICEF Ventures explores technologies, such as blockchain, with the potential to impact children and young people globally, providing them with information, opportunity and choice. The team sees blockchain technology as having benefits in three main ways: 1 leveraging innovative financing models to distribute resources; 2 increasing the efficiency and transparency of internal processes, and; 3 incentivising and encouraging the creation of open-source digital public goods. The approach to achieving this is by researching and prototyping with both internal and external stakeholders. To understand the technical, social, ethical, and legal challenges of utilising blockchain technologies in our complex and interconnected world — the team is exploring this space with open eyes on practical experimentations of cryptocurrencies, smart contracts, and various types of tokens, as well as by supporting learning and training initiatives to build capacity. Learn more about our current cohort of companies here.

Community & Business Groups

Miami is very well positioned to be the blockchain city of the world, experts are saying, as an influx of talented people in the blockchain technology industry are choosing the city to develop their businesses and create a crypto-enthusiastic community. The Miami-Dade County Cryptocurrency Taskforce, created May 4 by the county commission, is studying potential policies and ways the county could implement cryptocurrency as forms of payment for taxes, fees and services. Smith said the company would plan to hire employees over the next year and over the next couple of years. On Nov. While those initiatives have not yet taken place, his efforts move ahead plans to integrate cryptocurrency into the city government. Patel also said that many residents have attended meetings of the Miami-Dade Cryptocurrency Task Force expressing interest and sharing independent projects. Although the city has not adopted the protocol yet, city commissioners agreed on Sept.

Berkeley Haas Blockchain Initiative (Ripple UBRI)

March 19, By Techsauce Team. The Thailand Blockchain Community Initiative is pushed forward by 14 Thai banks, in cooperation with 3 state enterprises and 4 large business corporations. Veerathai Santiprabhob, BOT Governor, said the Bank of Thailand is delighted to witness the setup of Thailand Blockchain Community Initiative which will be beneficial to banking and business sectors and a whole Thai economy. In particular, the adoption of high potential technology as such blockchain can diversely change how we conduct businesses.

City of Philadelphia

Camille Crittenden, PH. She has written and spoken widely on these topics, as well as technology applications for civic engagement, government transparency and accountability, and the digital divide. She earned an MA and PH. Assemblymember Ian Calderon , Assembly District A product of the 57th District, prior to his election to the Assembly, Ian worked as a field representative for the Legislature, which allowed him to assist residents in his community to navigate state and local government. He is particularly proud of legislation he authored that allows terminally ill Californians to attempt experimental treatments to try to save their own lives.

The Next Big Technology to Transform Government

In other stablecoin news, a report this week announced that the total supply of the stablecoin USD Coin USDC on the Ethereum network has surpassed the supply of Tether, another stablecoin. The report further acknowledges that there have been concerns about the transparency of the coins, noting that there have been ongoing questions as to how Tether is collateralized and how its reserve funds are managed. Treasury bonds. According to recent reports, a well-known auction house expects to accept bitcoin and ether, as well as the stablecoin USDC, in connection with the sale of a rare, carat black diamond called the Enigma. The auction house reportedly had success accepting cryptocurrency as payment in a previous diamond auction, and it hopes to lead interest in that market given the strong cryptocurrency community. Recently published data indicates increased interest in cryptocurrencies. One recent report found that nearly 70 percent of cryptocurrency holders in the United States made their first cryptocurrency investment within the past year. According to reports, the rise in trading volume may be attributable to the rise in price of sought-after NFT collections such as Bored Ape Yacht Club.

Building Applications and Community at Yale’s First Blockchain Bootcamp

Cryptocurrencies and wider blockchain projects are founded upon egalitarian principles that ensure that no single individual or corporation can take full control. More so than in most industries, blockchain communities offer unique input into how projects develop, communicate and operate, often shaping the technology of the companies that they stand behind. As such, projects across the world are pouring millions of dollars and serious manpower into sustaining and developing their valuable communities. Amongst fierce competition, they recognize that they cannot survive and thrive without them.

IBM and the Thailand Blockchain Community Initiative BCI jointly announced that its electronic letter of guarantee eLG platform and network is now extending the scope and reach of its services and network to businesses of all sizes. The extended capabilities on the BCI blockchain platform include equipping its network with true hybrid cloud and multi-vendor capabilities, disaster recovery and multi-region high availability. Commercial banks in Thailand manually issue guarantee letters worth billions of dollars to businesses annually as part of their guarantee process in case a buyer defaults. The negotiation between buyer, seller and bank can take up to nine days and the risk of forged paper documents could leave the seller without recourse. Through the Thailand Blockchain Community Initiative, now known as BCI Thailand , 22 banks and 15 companies is said to have joined the blockchain-based platform to support payment obligations, for enterprise auctions and other domestic trading procedures. It is said to reduce letter of guarantee issuance time to less than a day.

Note: Community Groups are proposed and run by the community. Although W3C hosts these conversations, the groups do not necessarily represent the views of the W3C Membership or staff. Chairs, when logged in, may publish draft and final reports. Please see report requirements. Publish Reports. In the modern commercial society, product traceability is an important technical system to support the business credit of enterprises.

Cryptocurrencies and blockchain technology are driving innovation and competitive advantage for companies in many industries and environments. Cryptocurrencies and blockchain-based financial systems regulate trillions of dollars in assets and facilitate trillions in economic transactions. In the future blockchain technology could radically transform the role businesses, institutions, and governments play in our world.