Virtual, like dollars – Consult Hyperion

xxx

If you find yourself in a virtual economy that is unfair — perhaps some players have great inherited wealth that they have not earned or some players have connections that give them privileged access to certain goods or some players are able to manipulate markets to their own advantage — that you can leave it and go to another one. It’s not so easy to find another real world to play in.

From Virtual, like dollars – Consult Hyperion:

xxx

Crypto assets could replace fiat currencies within as little as 5 years, financial execs tell Deloitte | Currency News | Financial and Business News | Markets Insider

xxx

Most financial professionals expect digital assets will replace government-issued currencies within a decade, or at least present a solid alternative to them, a Deloitte survey has found.

From Crypto assets could replace fiat currencies within as little as 5 years, financial execs tell Deloitte | Currency News | Financial and Business News | Markets Insider:

xxx

Are blockchain security protocols up to the task? : DisruptiveViews

xxx

Speaking at the Tomorrow’s Transactions conference in London last week, Kelly Olson, director of the distributed ledger technology group at Intel, discussed ways it is possible to use a “secure enclave”, similar to what Apple uses for its Touch ID, to increase blockchain security.

From Intel Conducting Experiments to Massively Scale Blockchain – CoinDesk

Kelly was kind enough to mention Consult Hyperion’s work for Intel on this project.

From Are blockchain security protocols up to the task? : DisruptiveViews:

xxx

Korean retailer issues blockchain warranties as NFTs for luxury items – Ledger Insights – enterprise blockchain

xxx

Meanwhile, luxury brands have formed consortiums to adopt digital warranty solutions and address counterfeit challenges in the industry. Arianee, a blockchain alliance that includes Breitling and Vacheron Constantin and creates digital passports for luxury goods, recently raised €8 million in a seed round. In addition, luxury blockchain consortium Aura, founded by LVMH, recently expanded to include Prada and Cartier.

From Korean retailer issues blockchain warranties as NFTs for luxury items – Ledger Insights – enterprise blockchain:

xxx

Korean retailer issues blockchain warranties as NFTs for luxury items – Ledger Insights – enterprise blockchain

xxx

Digital warranties give customers additional peace of mind when purchasing luxury brands. It can also provide the purchasing history, warranty period, and other item information. In the case of SSG.com, the warranty card includes the item’s serial number and is sent to the customer’s smartphone.

From Korean retailer issues blockchain warranties as NFTs for luxury items – Ledger Insights – enterprise blockchain:

xxx

Does West Africa Need a Single Currency? | Foreign Affairs

xxx

The eurozone does have one critical advantage: it is anchored by Germany and several other relatively wealthy and well-managed states, including Austria, France, and the Netherlands. These economies underpin the credibility of the zone, and their resources effectively provide insurance to other member states when the economic tide is ebbing. An ECOWAS currency union would presumably be anchored by Nigeria. But although Nigeria is wealthier than other countries in the region, it faces profound economic challenges, including dependence on volatile oil prices, high inflation, political instability, and weak public governance. A currency union anchored by an economically unreliable Nigeria would likely face credibility problems from the outset, defeating its very purpose.

From Does West Africa Need a Single Currency? | Foreign Affairs:

xxx

Cash will soon be obsolete. Will America be ready?

xxx

Digital currencies also benefit the poor and the “unbanked.” It is hard to get a credit card if you don’t have much money, and banks charge fees for low-balance accounts that can make them prohibitively expensive. But a digital dollar would give everyone, including the poor, access to a digital payment system and a portal for basic banking services. Each individual or household could have a fee-free, noninterest-bearing account with the Federal Reserve, linked to a cellphone app for making payments. (About 97 percent of American adults have a cellphone or a smartphone.)

From Cash will soon be obsolete. Will America be ready?:

xxx

Design a site like this with WordPress.com
Get started