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Showing posts with the label web3

Global geofencing market to reach $50 billion by 2026

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Few people can live without a smartphone these days. They’ve become essential for daily life, enabling owners to stay connected with their families, friends, and colleagues and access just about any service or entertainment from any location. Indeed, research by global tech care company Asurion shows that the average American checks their smartphone 96 times a day – about once every ten minutes.  So much smartphone activity poses the question:  What are people looking for when they check their phones?  In many cases, the answer has to do with where they currently are.  You might also like: Flare and FlareDashboard join forces to enhance data transparency Many tasks have something in common, whether it’s getting directions, checking the weather, or finding a bite to eat. They all rely on location-based services to provide the information people need to fulfill those tasks.  Smartphones use a combination of technologies, including real-time ...

Why anonymity is key to self-autonomy — And how crypto helps freedom movements win

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The Agenda podcast chats with DarkFi to explore how Rojava is experimenting with cryptocurrency and why encryption and anonymous spaces are critical for building self-autonomy. In the mid-2010s, the Islamic State was rapidly advancing through Iraq and Syria, conquering territory and terrifying residents. However, one group of Kurds in Northern Syria representing the de facto autonomous Democratic Federation of Northern Syria, in an area known as Rojava, successfully fought back the Islamic State and captured the attention of the world. Many people from around the world went to Rojava to fight, but one lesser-known story made ripples in the crypto world: Some volunteers traveled there to help build blockchain and technological literacy and experiment with the potential of cryptocurrencies like Bitcoin (BTC) to serve as a tool for revolutionary change. After all, Rojava promotes decentralization, autonomy and self-empowerment — sound familiar? On Episode 10 of The Agenda , hosts Ray Sal...

Web3 interoperability highlighted in Radix - LayerZero partnership

Web3 interoperability integration between Radix and LayerZero, launching in the second half of 2023, enables cross-chain communication and asset transfers, unlocking omnichain functionality for DApps and assets. Web3 interoperability is important to building a decentralized ecosystem that is scalable, secure and provides a seamless user experience.  Radix, a Layer-1 protocol, has partnered with LayerZero, an interoperability protocol, to integrate LayerZero with the Radix Babylon public network. The integration encourages cross-chain communication and asset transfers to the Radix ecosystem, benefitting both platforms and their users. Web3 interoper ability refers to the ability of different decentralized applications (DApps) and Blockchain networks to communicate with one another. Put simply, interoper ability is the state where blockchains can listen to each other, allow users to transfer digital assets and data and enable better collaboration. LayerZero's technology enables ...

From PayPal to Web3: Digital identity could play key role in unlocking mainstream adoption

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The financial payments industry has seen its fair share of evolution, and is currently at an inflection point with Web3. The advent of the consumer internet in the 1990s brought unprecedented opportunities, democratizing access to information and communication, and revolutionizing digital commerce. Email revolutionized communication by facilitating instant messaging across borders. This soon led to numerous attempts at introducing digital money systems, but none were as successful as PayPal. Source: Unsplash Founded in 1998, PayPal made it easy for people to send and receive payments securely, regardless of their location or currency. PayPal stood out when it first launched because of two key features: security and simplicity. This solved the problem of online card fraud and made it easy for users to purchase products without sharing their card details with merchants. Today, information and money are transferred seamlessly via numerous online services. The protocols that power these s...

Provenance Blockchain Foundation announces $50M in grants for blockchain development

The grant program will award $50 million in HASH, the native token on Provenance Blockchain, to developers. Provenance Blockchain Foundation has announced a $50 million grant program for Blockchain Developers to support the development of regulated financial services on blockchain .  The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain technology. Developers will be evaluated based on a range of factors, including their ability to contribute to asset perfection, asset origination, on/off ramps, security, compliance, wallets, identity, developer tools, and new financial asset use cases. All projects that are awarded grants will have to also undergo "Know Your Customer" screening. Beyond the HASH-based grants, the Provenance Blockchain Foundation said it will also offer additi...

10 predictions for crypto in 2023

Expect blockchain adoption to increase in the year ahead — in addition to the culture wars surrounding it. This year has been a particularly tumultuous one for the crypto market, with many decentralized and centralized entities failing or struggling to stay afloat. It feels as though we are in the final stages of the bear market, with bad actors and practices being purged in a process that is both dramatic and necessary for the maturity of the entire system. Despite this, the Web3 technologies that emerge from this crypto winter will change everything.  Web3 represents the next evolution of information exchange, with similarities to the transformation from a largely agricultural society to a more industrial one. It is a computing fabric that is designed to put humans at the very center and prioritizes privacy. Blockchain technology will bring about a new way of interacting with the internet and will fundamentally change how we engage with each other. As we move into the future, here a...