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December 14, 2020
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Since time immemorial, different methods of exchange has existed in the world. With the establishment of banking and financial institutions, new methods came to picture. In banking, coins, currency notes, debit cards, credit cards, cheques are present. With advent of software technology, digital currency came into existence. In the last decade, digital currency has flourished widely throughout the world. Cryptocurrency like Bitcoin has a lot of demand in the market. Due to the demand, the price of cryptocurrency is also increasing day by day. However, all this comes with a price. With the increased usage of digital currency, financial crimes are also increasing. Money launders and criminals are 
using this to their benefit. So, there are talks going on for the introduction of a new payment system. That is central bank digital currency (CBDC). It is a digital currency, issued by the central bank of the country.
using this to their benefit. So, there are talks going on for the introduction of a new payment system. That is central bank digital currency (CBDC). It is a digital currency, issued by the central bank of the country. CBDC
The proposal of central bank digital currency was present since long time ago. But, no country has shown its interest in it until recently. Now the central banks around the world are considering this option due to the decreased use of cash. However, the major breakthrough came when Facebook declared its own digital currency “Libra”. Recently, few countries have started their work for the development of digital currency. In some countries, it is a proposed idea. In few countries, the development of digital is in progression. Due to the pandemic, many countries are taking digital currency into consideration.
Riksbank’s e-krona project
Sveriges Riksbank is the central bank of Sweden. It is one of the oldest bank in the world. The usage of cash has started decreasing since 2004 in Sweden. As per a latest survey, cash usage is only 13% in household payments. Due to this, the central bank started exploring the option of digital currency in 2016.
In 2017, the proposal for e-Krona project started. The bank started developing the digital currency. The project has a three-phase action plan. Currently, the project is in its third stage. The bank has partnered with Accenture for this project. The company is developing deposit and transfer option of the digital currency. The bank has collaborated with R3 ledger firm. It will be using the firm’s platform “Corda” for the testing of the digital currency. The pilot batch will be ending by February 2021.
Pilot batch development
The digital currency ‘e-Krona’ was recently rolled out to its pilot users. The pilot users are the trusted financial 
intermediaries. The distribution of e-Krona to the user’s digital wallets is through participant nodes. The debit and credit transactions will happen through participant nodes. The development of a central database to keep e-Krona accounts also existed.
intermediaries. The distribution of e-Krona to the user’s digital wallets is through participant nodes. The debit and credit transactions will happen through participant nodes. The development of a central database to keep e-Krona accounts also existed.Conclusion
It would be interesting to see the success of e-Krona. If this becomes successful, it will the first accepted central bank digital currency. Many central banks around the world are trying to create their digital currency. The future for digital currency seems to be bright with the development of e-Krona.
December 12, 2020
Cryptocurrency is basically a digital currency. It is a medium of exchange for the purchase of goods and services. It does not come in physical form. A digital ledger shows the ownership of this currency. It is not issued by a central authority. There is no control of any legal authority on this form of currency. Bitcoin is the first cryptocurrency. In 2009, it released in the market.
Cryptocurrency and its legality
The legal aspect of cryptocurrency varies globally. There are no universal laws and regulations related to it till now. The regulations vary from country to country. In some countries, the trade and usage of cryptocurrency are legal. However, in other countries, they are completely banned. 
In eight countries, the trading and use of cryptocurrency are completely banned. After that, in the other 15 countries, there is an implicit ban. Some of them are Bahrain, Bangladesh, China, Iran, Kuwait. Due to a lack of specific laws and regulations, criminals use it for illegal purposes.
In eight countries, the trading and use of cryptocurrency are completely banned. After that, in the other 15 countries, there is an implicit ban. Some of them are Bahrain, Bangladesh, China, Iran, Kuwait. Due to a lack of specific laws and regulations, criminals use it for illegal purposes. The United States
Cryptocurrencies are legal in the United States for a long time. However, there are no centralized regulations regarding cryptocurrencies. The laws vary from state to state. The policies differ among the government agencies also. FinCEN considers it as money transmitters. The Internal Revenue System (IRS) considers it as property. Recently, the US Treasury has spoken about making regulations.
The European Union
Cryptocurrency is legal across the European Union. The rules differ from state to state. Taxation is also applied to cryptocurrency. The tax percentage varies from 0% to 50%. There were no such laws related to it in the EU. Recently, the 5th AML Directive got signed. It requires the crypto exchanges to follow the laws of the AML regulations.
The United Kingdom
Cryptocurrency is not legal in the UK. But crypto exchanges are legal. The Financial Conduct Authority (FCA) registers crypto assets. However, there are no regulations for cryptocurrency in the UK yet.
Russia
The status of crypto is a bit confusing in Russia. Initially, it was a substitute for money. But according to the recent laws of 2019, it is illegal. So, the legality of trading and the use of cryptocurrency is still not clear.
Australia
Cryptocurrency is legal in Australia. Its exchanges are also legal. Australia has better laws than other countries. AUSTRAC has established rules and regulations for the use of cryptocurrency. The cryptocurrency exchanges have to follow guidelines provided by AUSTRAC.
Japan
In Japan, crypto is legal and considered legal property. Taxation is also levied on cryptocurrency. Japan is one of the largest markets for Bitcoin. The country has implemented strict rules and regulations of cryptocurrencies.
India
The status of crypto is still ambiguous in India. The Reserve Bank of India (RBI) had banned it in the past. But due to a legal case, which is still in court, the crypto is still not banned. The future of cryptocurrency 
is still uncertain. Hence, there is no clarity on the rules and regulations surrounding cryptocurrencies.
is still uncertain. Hence, there is no clarity on the rules and regulations surrounding cryptocurrencies. Latin America
In Latin America, the laws vary from country to country. In some countries, like Bolivia, there is a ban on it. While other countries, like Brazil, are starting to make laws for it. In most countries, it is legal. Tax is also levied upon it. Mexico is the only country to have strict laws for cryptocurrencies. In other countries, there are no stringent regulations for it. So, it is a concern due to money laundering and terrorist financing in these countries.
Conclusion
The laws related to cryptocurrency vary all over the world. Most countries do have specific laws for them. Due to this, it’s exposure to financial crimes is increasing. Many countries are now trying to formulate strict laws for cryptocurrency. It would interesting to see the FATF recommendations on cryptocurrencies.
December 11, 2020
Oyster Pearl is a cryptocurrency launched in the market in October 2017. Its symbol is PRL. It has a supply of a total of 98,592,692 coins. Amir Bruno Elmaani is the CEO and chief architect of this digital currency. He operates with the pseudo name “Bruno Block”. He used the smart contract technology of the Ethereum blockchain. This way he designed the oyster pearl currency to operate. The sale is through few exchanges like KuCoin, Cryptopia, Etherdelta, and CoinExchange. 
Oyster wallet operates with two keys. The private key is for protection against fraud. The public key is for sending and receiving coins. All this was possible due to the Ethereum Blockchain technology.
Oyster wallet operates with two keys. The private key is for protection against fraud. The public key is for sending and receiving coins. All this was possible due to the Ethereum Blockchain technology.Tax Evasion
During the initial coin offering (ICO), Elmaani had made millions of dollars. In 2017, there is a huge craze to buy digital currency in the US. Elmaani had taken advantage of this situation. He got more and more investors for his currency. In this way, he had minted a lot of money. To order to enjoy his gains, he used inappropriate means for tax fillings in 2017. He didn’t reveal his real income to the Internal Revenue System (IRS). He knowingly showed incorrect data while filing tax returns. In 2018, he didn’t file the tax returns at all. He avoided filing taxes so that he could enjoy his wealth. So, the Internal Revenue System (IRS) has charged him with two counts of tax evasion. The Securities and Exchange Commission (SEC) has also filed civil charges against him.
The findings
William F. Sweeney Jr. Is working on this case. He is the Assistant Director-in-Charge of the New York Field Office of the FBI. He found that Elmaani is channeling his funds through a shell company. Elmaani is using this shell company to hide his true income. The company is also used to hide the source and origin of his gains. So, this shell company is serving two important purposes for him. Elmaani bought multiple yachts for $10 million dollars. In these yachts, he stored gold bars. He purchased gold bars through 
his sale of oyster pearls. In addition, he had spent $1.6 million at a carbon-fiber composite company. He has also invested his wealth in real estate and home renovations. A large amount of cash is also used to pay for personal expenses.
his sale of oyster pearls. In addition, he had spent $1.6 million at a carbon-fiber composite company. He has also invested his wealth in real estate and home renovations. A large amount of cash is also used to pay for personal expenses.Exit Scam
In October 2018, he created new tokens for sale. He used the Ethereum blockchain technology to do this. The new tokens sold at below-market price rates. After that, he created free tokens for himself. He has moved his tokens to different wallets to avoid taxation. Above all, he has also converted his new PRL tokens to other cryptocurrencies. He used a coin mixer. It is a service used to hide the true origin of funds. He used these services to conceal the origin and destination of his accumulated funds. He transferred the funds to his family and friends. Finally, he transferred all the funds back to him.
After the exposure of his scam, he is now in custody. All PRL tokens are worthless at this moment, causing huge loss to its investors.
December 2, 2020
Nouriel Roubini is one of the earliest financial experts. He predicted the 2008 financial crisis. He has very precisely predicted the economic ‘doom’ of the last decade. Roubini, a professor at New York University is mockingly known .as “Dr. Doom”. We know that economy fluctuates highly. It witnesses ‘boon’ and ‘doom’ periods. When the economy is flourishing it is a ‘boon’ and when it is slowing down it is a ‘doom’.
American economist Roubini becomes popular in media when his 2006 prediction becomes true. That year his prediction was on alarming US credit and housing crisis. He said this during his address at 
IMF. He also said that it may affect the global economy. In early 2018 his prediction of the financial crisis becomes a reality. Since that year, we are experiencing an economic slowdown throughout the world.
IMF. He also said that it may affect the global economy. In early 2018 his prediction of the financial crisis becomes a reality. Since that year, we are experiencing an economic slowdown throughout the world.Roubini’s comment on Bitcoin
He is in news recently for his remark on Bitcoin. According to him, this cryptocurrency is the number one manipulated asset to date. Bitcoin is suitable neither for institutional portfolios nor for retail investor’s portfolios. The value of the virtual currency is volatile. For him, it is not at all a currency. He renounces it as an accounting unit. There is no asset backing for this so-called currency. It is yet to become legal tender. You can’t use it to pay your tax. He supplements his opinion by citing Bitfinex investigation by US authority.
Crypto enthusiasts are rejoicing Bitcoin becoming the most valuable asset of 2020. It has left gold and silver behind it. But Roubini rejects the claim of Bitcoin as an asset. He further says that digital currency is not a scalable way of payments. He even blames Cryptocurrency as unsustainable. It uses a huge quantity of energy. It is polluting our environment in many ways.
Speculation is an inherent feature of Bitcoin. There is no dependable indicator to judge the Bitcoin movement. The price may skyrocket today and fall to the floor the next day. Manipulation is a regular phenomenon with it. Investing in it is worse than gambling. Nobody knows how it would behave in the future. 
No government or central authority is behind it. Amongst a lot of hype, there are a bunch of scams. Many illegal outfits are using Bitcoin for drug trafficking. He also blames Cryptocurrency exchanges. The liquidity of crypto exchanges is false and artificial. The exchanges manipulate data in their favor.
No government or central authority is behind it. Amongst a lot of hype, there are a bunch of scams. Many illegal outfits are using Bitcoin for drug trafficking. He also blames Cryptocurrency exchanges. The liquidity of crypto exchanges is false and artificial. The exchanges manipulate data in their favor.Conclusion
We can’t ignore Nouriel Roubini’s prediction. We know that it is too early to make any concluding remark on Bitcoin. But the points raised by him are very important. Since the launching of Bitcoin, it has been swinging up and down. In one way the popularity and acceptance of Bitcoin are increasing. Many large companies and banking institutions are embracing Cryptocurrency. Bitcoin has also been in the news for scams, fraudulent use, and illegal activities. So if you are into the Cryptocurrency world then be cautious. You need to understand it before putting your money in it.
December 1, 2020
Blockchain has found yet another application; this time in the city emergency services. Olsztyn has become the world’s first city to apply Etherium Blockchain. Above all, the city is considering the use of this technology for emergency services. It is using Ethereum supported SmartKey Technology to manage emergency services.
The city of Olsztyn, located in north-eastern Poland. It is a beautiful city and the capital of Warmińsko-Mazurskie province or Voivodeship. The estimated population of the city is 172214. 
Therefore, for city governments or municipalities the greatest challenge comes from providing emergency services. Emergency services include fire, police, emergency medical service, etc.
Therefore, for city governments or municipalities the greatest challenge comes from providing emergency services. Emergency services include fire, police, emergency medical service, etc. The city has finished its trial run recently that brings good results. According to Gustaw Marek Brzezin blockchain has a bright future in city management. Brzezin is the Marshall of the province.
Let’s discuss Ethereum Blockchain and SmartKey Contract.
Ethereum Blockchain
Ethereum is an open-source and decentralized Blockchain. The best feature is its smart contract utility. It is the world’s most used Blockchain. After Bitcoin, it is the 2nd largest and popular Cryptocurrency. The token of the Ethereum platform is Ether. Above all, the Ethereum-Bitcoin ratio of market share is one is to ten.
SmartKey Technology
SmartKey is a bridging technology that unites blockchain technology with physical assets. Therefore, this would be useful in various emergency services. It uses the smart contract feature of blockchain technology.
Leveraging Ethereum Blockchain for City Emergency Services
Blockchain has many inherent beneficial features. It can connect a huge number of users. In addition, it is transparent and decentralized. It has a smart contract feature. SmartKey technology is a bridge that connects technology with emergency physical assets.
SmartKey enables the emergency management team to connect with the local rescue teams. A smart device, 
Teltonika, establishes the smart contracts. Therefore, this results in the enhancement in the performance of the rescue teams. Technology affects rescue activates in many ways. Above all, it helps in the allocation of physical assets, quick action, and optimal use of resources.
Teltonika, establishes the smart contracts. Therefore, this results in the enhancement in the performance of the rescue teams. Technology affects rescue activates in many ways. Above all, it helps in the allocation of physical assets, quick action, and optimal use of resources.The technology enables a rescue team to act in the least time. In addition, the team has a clear picture of the state of the victims. Therefore, tracking down the location of a victim becomes easy. The whole process of rescue operation becomes easier. Transmission of messages or quick communication is another notable feature. Handling of information and critical data becomes easy. Above all, the coordination among the stakeholders of a rescue operation becomes stronger. These benefits would be useful for city governments. Therefore, they would be able to manage emergencies.
In conclusion, this leveraging of Ethereum Blockchain is a step towards making of Smart Cities. The futuristic smart city concept could become real by the use of this technology. IoT will make the result even better. The technology is going to be a panacea in the provisioning of city emergency services. The initiative by the Polish city is commendable. Many cities from around the world are going to follow this unique step in the future.
November 28, 2020
Blockchain is a technology that runs Bitcoins, the world’s first Cryptocurrency. Once meant for Bitcoin, Blockchain has now found its application in many sectors. Sectors that use Blockchain technology are finance, defense, payments, food industries, etc.
After that, it is also used in health care, humanitarian crises, elections, fashion, and jewelry. However, in this article, let’s discuss the use of Blockchain in banking.
Use of Blockchain in Banking
Blockchain has various advantages that make it popular in the financial sector. The banking sector has already started using Blockchain. In addition, there is a great potentiality for Blockchain use 
in banking. Therefore many financial industry giants have already started using Blockchain.
in banking. Therefore many financial industry giants have already started using Blockchain. Blockchain is very secure for financial transactions. It can reduce time, cost, and energy. In addition, it can reach a very large customer base with security that is hard to break. Above all, technology offers many beneficial features. Therefore, it creates a win-win situation for the banks and the customers.
Key Benefits of Blockchain in Banking
Given below are some of the key benefits of Blockchain in banking. Let’s discuss them!
Very Fast Transactions
In Blockchain transactions, no use of real money happens. Only a ledger entry is enough to make transactions. Customer verification, fund deposit, receipt, and transfer. All these could happen in a few seconds. Customers would get a real-time transaction experience.
Superior Security
There is a logical sharing of ledgers in Blockchain. It makes the transactions secure. The data once verified is not possible to delete anymore. It is a decentralized system. There is no third-party intervention. The transaction time is quick. It gives less/no chance for others to intervene. Your deposited amount will be safe. No government can seize your money kept in crypto form. To enhance the security level, some use 2 security keys. One for public access and the other one is for private access. It is a shared ledger. So the changing of data is not possible. It is possible if you could hack into every user’s account and change the same thing at the same time. You can now understand how difficult it is to alter data in Blockchain.
Accountability
There will be a high level of accountability. It would reduce fraudulent activities and mishandling of assets. Every party behind a transaction is banks would get to enjoy this aspect.
Transparency
Blockchain uses a shared ledger. Nobody can escape from the notice of other users of their doings or misdoings. 
There is utmost transparency in the transactions.
There is utmost transparency in the transactions.Reduced Cost
Banking operation is a spread-out one. You need to have many branches, employees, infrastructures, etc, to function. But by using Bitcoin they can decrease their cost. The cost for a bank to bank transactions would be less.
Reduced Time
The transactions happen at lightning speed. Both the bank-to-bank and bank-to-customer dealings have become quicker. The time to access banking history is very easy and quick.
High-Quality Data
Data related to all transactions are orderly and safe. Access to large data is possible. Accessing data like historical data is quite easy.
November 27, 2020
Blockchain, the technology behind Bitcoin has formed many other applications. It is going to change the future landscape of commerce. According to Bitconch – Blockchain’s future lies in distributed commerce. However, before discussing this in detail, let’s explore Bitconch and Distributed Commerce.
Blockchain technology is a very secure and decentralized system. Data storage and use are very quick and safe. It is very difficult to delete or alter data. In other words, Blockchain technology is now under use by different types of industries. Blockchain technology is going to revolutionize 
e-commerce and distributed commerce. Transparency is a unique feature of Blockchain. Bitconch is such an application for making commerce easier.
e-commerce and distributed commerce. Transparency is a unique feature of Blockchain. Bitconch is such an application for making commerce easier.What is Bitconch?
Bitconch is a 3rd generation distribution ledger system. The head-quarter of the Bitcoin chain is in Shanghai, China. Bitconch chain uses innovative evidence of reputation agreement algorithm. Above all, this technology put forward a novel solution that empowers Blockchain technology. Bitconch chain uses mathematical models to run this technology. It helps in bringing a decentralized and distributive reputation system. In turn, it helps to change the above stuff into the reputation value of every single user. The reputation of users is going to be a game-changer in distributed commerce. In other words, if the user’s reputation is more, then the transaction cost will be low or sometimes zero.
The term for high-reputation users is “Mutual Trust Nodes”. They can start their own “payment channels”. Therefore, they can make a speedier offline transaction via micro-transactions.
Distributed Commerce
Customers can buy what they browse and found. They don’t have to leave their browsing page or platform. It is a kind of personalized platform. It permits retailers to reach and get their customers by using apps. Above all, users can buy whatever they see with one click.
Bitconch’s Plan for Distributed Commerce
Bitconch has recently launched BR Play, its distributed commerce product. It believes that the future of Blockchain lies in distributed commerce. Bitconch is well known public Blockchain. In addition, a distributed
business application is its main focus. Above all, it has approval from the government of the People’s Republic of China.
business application is its main focus. Above all, it has approval from the government of the People’s Republic of China.Bitconch was the 5th in Forbes’s “Top 10 Blockchain companies to watch for in 2019”. In conclusion, Bitconch was the lone public Blockchain featured in the list.
The mainstay of distributed commerce is impartiality, co-creation, sharing, and co-building. Distributed commerce runs using Blockchain technology along with AI. It also takes the help of big data and a few other technologies. In addition, it offers opportunities to small business players in a larger business ecosystem. Therefore, distributed commerce is going to win the trust of common people in the future.
In the past, the performance of any company was dependant on internal employees. In distributed commerce, the customers will influence the functioning of a company. However, how well a company is doing? Here, the consumer is not a normal consumer. Apart from being a consumer, he is also an investor, promoter, producer, and beneficiary.
Distributive commerce has several benefits over traditional commerce. Therefore, it is going to transform the future business environment.
November 18, 2020
Bitcoin is marching ahead like never before. In 2020 the popularity of Bitcoin is skyrocketing. Large institutions from around the world are embracing Bitcoin. The world’s first Cryptocurrency has emerged as an alternative avenue for investment. The new member of the crypto club is China Construction Bank (CCB).
It’s not that, price-wise Bitcoin is at the highest point now. It had reached the highest point in late 2017 when the price was around $20,000. The bitcoin price has been swinging since its origin. By 
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.In 2020 the price is booming in recent months and expected to reach the $20,000 mark very soon. This year we are also witnessing the entry of big businesses into the crypto market.
Large Corporate Jumping Crypto Market
Before discussing the CCB’s entry into the crypto market, let us look at the past developments. Many noted corporates from across the globe are embracing bitcoin. Toyota Systems has partnered with DeCurret, to start a Toyota virtual currency. The Robinhood trading app and Square are already into the Bitcoin domain.
Large Banks are Eying Crypto
Big financial institutions from around the world are now eyeing the crypto market. They are into an experiment with Bitcoin and invest in it. We may recall the recent entry of DBS Bank of Singapore. DBS is planning to launch a Cryptocurrency exchange.
The Bank of America is already investing a lion’s share in Crypto and Blockchain. Citigroup is experimenting with the technology to manage credit default exchange. Switzerland’s number one bank UBS has been at the forefront in endorsing Blockchain. In 2016 the Bank of England started to get into the crypto world. They had launched a crypto accelerator. They have a plan to launch the Bank of England Crypto Coin as well.
PayPal along with its partner Paxos Trust Company has jumped into the crypto market. A large number of PayPal users would be able to buy, sell, and exchange Cryptocurrencies.
Another huge bank from Europe, BBVA has invested in Cryptocurrency. The Spanish financial institution 
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.The entry of China Construction Bank
China Construction Bank (CCB) is planning to raise $3 billion using Blockchain technology. CCB has join forces with Fusang in this regard. CCB has created an SPV (special purpose vehicle). The aim is to issue the “Longbond.” Crypto enthusiast’s investors can buy virtual tokens on the said exchange. To buy digital tokens investors can use Bitcoin or dollars. To attract more investors CCBis allowing investment of small amounts like $100. CCB is ensuring that tokens get backing from its deposits at a branch in Labuan. According to Fusang, Blockchain technology will be the backbone of the ownership records.
Bottom-line
It is yet another page of success in the Bitcoin popularity book. CCB’s entry would amplify the acceptance of Bitcoin by top businesses as well as small investors. Many more banks and other institutions are going to join the crypto world.
November 17, 2020
Blockchain technology has great potential to help in dealing with climate change. The technology came into being to make Bitcoin functional. In addition, Bitcoin is the first Cryptocurrency that exists in digital or virtual form. Later the technology found useful applications in several other industries.
Blockchain technology is a system that is not centralized, immutable, secure, and transparent. The new-age technology is now going to confront climate change. Therefore, it has the potential to improve global collaboration for climate action.
Climate Change
Climate change describes a change in the average conditions in a region over a long period. Rapid urbanization and industrialization have affected the climate. However, like every other thing, the climate also changes. 
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming.
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming. Recognizing the need of the hour, climate change issues are being addressed now. The UNO, governments, corporate, industries are now showing their concern towards it. Many regulations, international understandings are in place. Innovative technical and managerial techniques can tackle climate issues.
Blockchain technology fights climate change
Blockchain technology has great possibilities in targeting climate change issues. As per Stefan Rust, blockchain can contribute towards ESG. E.S.G. stands for ecological, social, and business governance. Stefan Rust, currently the CEO of Sonic Capital and a former CEO of Bitcoin.com is very optimistic about it.
Rust has recently made it public about the launching of his new venture Sonic Capital. The 8-year fund is searching for start-ups that use blockchain to battle ESG issues. Recently, in an interview, Rust has opined that “ESG is incredibly essential. We have an environment, we’re surviving on this world and we’re having a hard time residing in this world and we’re moving towards the days of Blade Runner.
Blockchain technology can deal with a large amount of data. It also helps in transparent transactions of all kinds of emission specific data. The data stored in a shared global platform can make things easier.
Blockchain 
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial.
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial. It is a powerful technology to makes certain that agreed parties obey the rules. This feature of Blockchain advances agreements made by nations in climate change summits.
A new age governance system is the need of the hour to tackle climate change issues. A governance system that is agile and scalable. It could be possible by blending Blockchain with other digital technologies.
Bottom-line
Blockchain technology has many applications that can tackle climate change. Therefore, it could prove to be a panacea in the fight against climate change. The technology can bring climate change key players closer. Reforms in governance are also passable by using Blockchain. It has an array of applications that are beneficial in tackling. climate change. Blockchain technology will be able to fight climate change problems in the future.
November 14, 2020
Cryptocurrency is becoming popular throughout the world. It is also known as digital or virtual currencies or “crypto” in short form. In addition, Cryptocurrencies are emerging as the currency of the future. Therefore, it is going to rule the future digital finance world.
The technology that makes Cryptocurrency functional is Blockchain. The main purpose of Blockchain was to run Bitcoin, the world’s first virtual coin. Cryptocurrency has, no doubt, become very popular among investors and banking institutions. However, there would be a lot of changes in the future to make it more acceptable and litigation free.
Cryptocurrency
It is a digital currency that exists in a virtual form. It functions by using cryptography. 
Cryptography is consisting of two words “crypt” (means “hidden”) and “graph” (“writing”). By using codes cryptography protects information and communication.
Cryptography is consisting of two words “crypt” (means “hidden”) and “graph” (“writing”). By using codes cryptography protects information and communication. Cryptocurrency is like real money but they take the form of digital or virtual form. These currencies are not managed by any authority, bank, or government institution. Two users make the transaction of this currency between them. In other words, there is no intermediary involved in the process.
Blockchain is the technology behind Cryptocurrency. It makes sure the transaction of money safe, secure, and easy.
Technology behind Cryptocurrency
Blockchain technology is a digital ledger of transactions. Satoshi Nakamoto created this technology. This technology has many possible benefits. This technology enhances the transaction process by reducing time, cost, and resources. In conclusion, these advantages have made it popular among crypto enthusiasts. This is the main reason why it has a very undeniable role in business. Blockchain-backed smart contracts reduce the costs incurred for audit, legal, and compliance.
Different Types of Cryptocurrencies
There are many cryptocurrencies in operation nowadays. Not that all are popular or have a large number of users. There are more than 2,000 cryptocurrencies that exist in the world. The most popular and accepted cryptocurrency is Bitcoin. Above all, it is the first and oldest of all digital currencies.
· Bitcoin
Bitcoin is the world’s first and most admired cryptocurrency. It is operating since January 2009. This currency is not under the control of any central bank or government or agency. In addition, Bitcoin is getting a lot of attention these days.
· Ethereum (ETH)
Ethereum, another well-liked cryptocurrency started in 2015. It is an open-source transaction platform that uses blockchain technology.
· Bitcoin Cash
Bitcoin Cash enhances some of the specific features of Bitcoin. It’s a kind of improvisation of Bitcoin. In Bitcoin 
Cash, the size of the blocks is bigger. Above all, the feature facilitates the processing of more transactions in the quickest time.
Cash, the size of the blocks is bigger. Above all, the feature facilitates the processing of more transactions in the quickest time.· Litecoin (LTC)
Litecoin is a Bitcoin substitute, created in 2011. It is a popular digital currency used in many countries. In addition, its tagline is “The Future of Money”.
· Ripple
Ripple is a different type of cryptocurrency than the above mentioned currencies. However, it is not Blockchain-based. Therefore, larger companies and corporations use Ripple for large transactions.
· Other Cryptocurrencies
Namecoin, Primecoin, Peercoin, Gridcoin, Dogecoin, Nxt, Dash, Titcoin are other popular digital currencies.