This is a compilation of some recent news from the cryptocurrency space. IBM is helping Norwegian Salmon fisheries with blockchain technology while the Principality of Monaco wants to use security tokens to fund social impact projects. Be sure to subscribe so you won’t miss any important updates.
Norwegian Salmon Fisheries Get Blockchain Solution from IBM
The Norwegian Seafood Association has enlisted the help of IBM and IoT-focused firm Atea, to build a track-and-trace system that is blockchain-based. The Norwegian fishing industry sees traceability as a means of ensuring the quality of their national brand and avoid past incidents of other fish being fraudulently sold as Norwegian. Read more.
Monaco Wants to Leverage the Blockchain to Fund Social Impact Projects
The Office of Digital Affairs in Monaco announced on Thursday that it has signed a memorandum of understanding with blockchain startup Tokeny, based in Luxembourg, to create a tokenized finance effort that will fund government-approved environmental and social programs. Monaco has a high concentration of wealth, but is not a very big financial center. The hope is that investors will move away from private banks and into these security tokens to invest in social projects. Read more.
If you like this News Byte, check out a previous in-house article, “Is Bitcoin Really Fiat?” by Census Open Finance.
Time for a Serious Conversation: DeFi is Becoming a Big Deal
Decentralized finance or DeFi is beginning to gain a lot of attention in the world of cryptocurrency. As of this writing, DeFi has $1.63B total value locked in it. Compound’s value multiplied several times as soon as it launched. And alternatives like Synthetix are experiencing the proverbial “hockey stick” growth pattern. Read More
Unconfirmed EP 130: Why COMP 5xed on Day 1 and What This Means for a DeFi Bull Market
This is an episode of Unconfirmed with Laura Shin. Her guest is Kain Warwick, the founder of Synthetix. They discuss the launch of the COMP token, why its price quintupled on the first day and what it means for Defi.