UN enlists Blockchain in Afghanistan for Transparency in Rebuilding Process 1855

UN

As part of its “City for All” program the UN is looking to blockchain technology in Afghanistan for secure and transparent land records management as part of a larger rebuilding process.

The United Nations Office of Communication and Information Technologies (UN-OICT) is developing an innovative cutting-edge solution using blockchain technology for supporting the Government of Afghanistan’s efforts in ensuring systematic, transparent, and secured online Land Records management and affiliated services, Stephane Dujarric, Spokesperson for the UN Secretary-General told The Sociable.

Dujarric said the UN-Habitat is supporting the Government of Afghanistan to implement its “City for All” program, which is underpinned by the fact that harnessing Afghanistan’s cities for state building and peacebuilding requires three fundamental components:

  • Effective land management with clear land rights, restrictions, and responsibilities
  • Strategic urban planning to establish a common vision and guide public investments for an inclusive and prosperous urban future
  • Improved municipal finance and governance, citizen engagement and representation

The blockchain solution shall serve as a key tool in the delivery of these fundamental components,” he said.

The move is part of a Memorandum of Understanding (MoU) reached between the UN-OICT and UN-Habitat that provides a framework of cooperation regarding the development of emerging technology tools and digital platforms for urban design and planning, with particular focus on Afghanistan, India, Bangladesh, and Sri Lanka. The MoU was signed by UN-OICT and the UN-Habitat regional office in New Delhi.

Dujarric says the countries listed above are given priority based on urgent UN-Habitat program requirements in support of Afghanistan.

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Coinbase: earn DAI while learning about the stablecoin and how it’s generated 6779

coinbase

Starting today, Coinbase customers around the world can start earning DAI by watching lessons and completing quizzes about DAI and its features. DAI is the first stablecoin to be made available through Coinbase Earn. Coinbase strives to be a trusted source where customers can educate themselves about new developments in crypto, and we’re excited to offer people a new opportunity to learn about and earn DAI.

According to the DAI whitepaper, DAI is a decentralized stablecoin running on Ethereum and designed with a goal of maintaining a target value of approximately $1 USD. DAI is backed by collateral on the Maker (MKR) platform. The relevant whitepapers explain that MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin.

We expect earning to become an increasingly important function in the crypto ecosystem — alongside buying, staking, voting, and mining — especially when paired with education.

If you want to stay informed about future opportunities, please make sure you have verified your ID and opted into getting the latest updates from Coinbase!

You can also check out the newly-launched Coinbase Earn homepage to keep up to date with the latest Earn opportunities. Click here for our Earn FAQ and terms.

Azarus Raises $1.8 Million for Blockchain-based Competitive Gaming Challenge Platform 7149

Azarus

Azarus has raised $1.8 million from some well-known investors to build out its blockchain-based “Smart Challenge” platform, which offers gamers the ability to compete for digital assets in both casual and competitive gaming challenges.

The money comes from from Galaxy Digital via its Galaxy EOS VC Fund, Kleiner Perkins, and SVK Crypto, among others. Launched in late 2018, Azarus’s “Smart Challenge” platform motivates players by using in-game applications programing interface (API) data and information pulled from Twitch extensions to measure victory conditions in online games, paying out rewards to the victors and theirs fans alike.

Bing Gordon, a partner at Kleiner Perkins, said in an interview with GamesBeat that retention and engagement are critical in successful online games. The Azarus challenge and reward platform gives players a bigger stake in what is happening in the game.

The “Smart Challenge” platform empowers users to create their own rules and challenges, the terms of which are notarized on the EOSIO blockchain in order to maximize transparency and fairness. (Blockchain is a transparent and secure decentralized ledger that powers innovations such as cryptocurrency or supply chain security).

“I like blockchain and competition, and I like the brand approach as well. I knew [cofounder] Erik [Whiteford] when he was at EA Sports and Madden. He hosted the Madden tournament at the Super Bowl for multiple years. I trust his nose for bringing competition to gamers,” said Gordon. “He has been doing high-level, head-to-head esports since the 1990s.”

Viewers and players earn AZA credits by watching Azarus-enabled amateur and professional esports streams and answering historical or predictive questions based on the broadcasts. AZAs can be redeemed at the Azarus Marketplace in exchange for rare in-game items, in-game currencies, digital assets, and more.

“Azarus’ implementation of blockchain tech and the EOSIO protocol is precisely what we look to invest in from the Galaxy EOS VC Fund: a scalable and consumer-friendly gaming platform that demonstrates the promise of blockchain technology,” said Sam Englebardt, cofounder of Galaxy Digital and the firm’s co-head of principal Investments, in a statement. “We have tremendous confidence in the team’s vision and ability to execute.”

Court Rules Bank Leumi Should Serve Crypto Exchange Bits of Gold 7022

Cryptocurrency exchange Bits of Gold received a huge boost this Monday after the Israeli Supreme Court ruled it could continue using an account with Bank Leumi.

The cryptocurrency exchange had previously been unable to access its account after the bank had restricted access to it, citing regulatory concerns. But after taking its case to the Supreme Court of Israeli, the bank will have to allow the exchange to use its services.

Though Bank Leumi continued to object in principle to the decision, it should mean that Israeli firms doing business in digital assets will be able to connect to local banking services.

“This is an exciting moment for us as a company and for the [cryptocurrency] community in general,” said Bits of Gold CEO Yuval Roash.

“We worked hard to set up a company which met regulatory requirements, in a new industry, and those efforts paid off. I am proud to be a part of this flourishing industry and push it towards the right regulation.”

CEO NZIA Limited: Local startups must be at forefront of utilizing central bank’s digital currency 6975

digital currency

NZIA Limited’s Chief Executive Officer Jay Joe was adamant yesterday about the need for Bahamian entrepreneurs and tech startups to be at the forefront of Project Sand Dollar, the Central Bank of The Bahamas’ (CBOB) digital fiat currency project.

NZIA has already started to scope the work required to implement the infrastructure for the Central Bank Digital Currency (CBDC), which is expected to be fully rolled out in Exuma before the end of the year.

Joe said through Project Sand Dollar, NZIA will demonstrate to the world how CBDC can be used to empower true financial inclusion, moving past the conceptual ideology of financial inclusion to practical, on-the-ground implementation.

He said the key to making this sort of financial inclusion a reality for Bahamian communities is through providing and encouraging opportunities for local banks, Bahamian small and medium-sized enterprises and entrepreneurs to create new products and solutions around CBDC, that would ultimately help foster widespread adoption and economic growth.

“When we look at typical CBDC projects out there, a lot of companies are trying to position themselves to kind of build the whole kit and caboodle, we’re not about that. Our vision from day one coming into this project was a people-first attitude. What we mean by helping to foster local economic development and growth is, we are about building that infrastructure,” he said during an official signing ceremony at CBOB in which the company was formally engaged.

“We are going to build the back end and we will open up the front end to allow local entrepreneurs, tech startups, whomever to be able to build new products and create new services around CBDC. We feel that this is going to be a key aspect of really making this thing become a real, living, breathing thing that people engage in.”

“If we try to be too greedy in terms of wanting to build everything, we know that it’s not going to succeed and that’s not what we want. We want to open up that front end to allow people to build new services and solutions and we know there is a lot of creativity out there, so we want to foster that.”

Binance and Cred Partner to Bring Decentralized Financial Services and LBA to Binance Chain 7361

Binance, the world’s largest cryptocurrency exchange by trading volume and developer of proprietary blockchain Binance Chain, and Cred, the leading platform for crypto lending and borrowing, today announced an agreement to work together to spur the decentralization of finance. As part of the agreement, Cred will migrate a portion of its ERC20 LBA tokens to Binance Chain and will become the official lending and borrowing platform for the DeFi ecosystem. As both an investor and partner in Cred, Binance will also look for opportunities to leverage and support Cred’s industry-leading services within the Binance ecosystem.

“We are delighted to be working with Cred to help scale their efforts to more markets and users around the world through the power of the Binance Chain, which has a one-second block time and will ensure transactions and interactions by Cred’s users will be fast, efficient and effortless,” said Ted Lin, Chief Growth Officer of Binance.

Cred is a licensed lender, based in California and has secured over $300 million in lending capital. Cred enables crypto wallet providers, custodians, exchanges and crypto application providers the ability to offer some of the most competitive lending and borrowing rates in the industry. This year, Cred has announced partnerships with several influential organizations and custodians in the crypto community. Cred LBA holders will be able to commit their crypto to a fixed term and have the option to rollover assets for additional periods. Customers receive the best rates when staking Cred’s LBA token. No account minimum is needed and interest is paid out in Stablecoin. The principal is paid back in the crypto amounts that were initially received.

“Binance has been a strong partner and investor from Cred’s inception and we are very happy to support Binance Chain and continue to collaborate with Binance to bring decentralized finance to everyone in a sustainable way,” said Dan Schatt, Co-Founder of Cred. “We look forward to continuing the Cred-Binance partnership.”

Cred is backed by some of the largest investors in crypto and tech including Binance Labs, 500 Startups, Arrington XRP Capital, Blocktower and FBG Capital. Cred is also a founding member of the Universal Protocol Alliance, a board member of the Blockchain Advocacy Coalition.

Dubai Land Department and Mashreq bank sign e-mortgage deal 7165

bz29-DLDMashreq

Dubai Land Department and UAE lender Mashreq bank unveiled a blockchain-based electronic mortgage system to speed up and strengthen the home loan registration process, as the emirate looks to digitalise its services and encourage greater investment in real estate.

“The development and launch of the new e-mortgage system comes as part of our ongoing efforts to enhance automation applications and systems in our transactions to reduce paper transactions and the number of visits,” said DLD director general Sultan Butti bin Mejren.

Under the licence agreement, Mashreq mortgage holders will be linked up with DLD’s new electronic mortgage registration system following a property sale to ensure all mortgages are properly registered and recorded via the new platform. Mortgages can also be modified through the system, and liquidations and payment defaults logged.

The e-mortgage system is the latest initiative by Dubai government’s real estate department to adopt blockchain, the digital ledger technology, in its administrative processes. Last year, it launched the blockchain-based Real Estate Self Transaction, or “Rest”, system, intended to enable “the complete digital management of real estate transactions, eliminating paper documents and reducing brokerage procedures”, DLD said at the time.

The initiatives are part of the Dubai 10x initiative, which aims to place government entities 10 years ahead of the rest of the world in all sectors, including real estate. It is a key part of the UAE’s plans to advance its digital economy and further diversify from oil.

Following the deal with Mashreq, DLD will seek new bank partners for its e-mortgage system, it said.

“Applying the e-mortgage system requires synergy with leading UAE banks … to spread its benefits to the largest number of investors,” said Majid Saqer Al Marri, chief executive of registration and real estate services at DLD.

“We will continue to seek the best partners to ensure the comfort and happiness of our customers, as well as develop the system and support it with the latest technologies to keep pace with developments in real estate services.”