Tag: blockchain technology

Technology

NFT collectibles: Polaris, Zilliqa drop Football Stars NFTs

Are NFT collectibles poised to become the modern equivalent of rare sports cards that generations have collected? Image credit: Zilliqa
This SUPERPACK is part of the Football Stars NFT collection that dropped on June 6. Image credit: Zilliqa

Are NFT (non-fungible token) collectibles poised to become the modern equivalent of rare sports cards that generations have collected? One thing is for sure: blockchain is fast becoming a new platform for connecting sports stars with their legions of fans.

“It’s funny to consider the sudden rise of NFTs. After all, this was an asset class that’s been around in the industry from very early on, dating back to 2014. However, the growth observed in the space can be attributed to a willingness to experiment with new digital media and products amid a time of limited face-to-face engagement. Consider the rise of NFTs in sport — a sector which relies on in-person fan engagement and that energy of the in-stadium experience. With NBA Top Shot and even Zilliqa’s recently launched exclusive collection of Football Stars NFTs featuring global football giants, NFTs have been able to revitalize fan engagement, digitalizing sports memorabilia in a new way that allows creators, fans, and athletes alike to benefit from new monetization opportunities,” Zilliqa Co-CEO and Chief Commercial Officer Colin Miles told Digital Life Asia.

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A Life Less Analog, Technology

Zero trust approach to security: Never trust, always verify

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If love means never having to say you’re sorry, zero trust means never trusting, always verifying — even if that person is within your own organization or “trusted” network. As work from anywhere becomes the new normal and organizations migrate their data and activities to the cloud, IBM Security is providing zero trust blueprints that will help companies address growing fragmentation and complexity challenges. This open approach and overall strategy will enable companies to securely manage and integrate hybrid applications, including blockchain, as they go through their digital transformation journey, according to Matthew Glitzer, VP, IBM Integrated Security Business, Asia Pacific.

“There’s a place for blockchain. These are hybrid models, and certainly the ability of blockchain is a critical element of trust, and I think that will essentially be part of the zero trust approach as blockchain and the business and commercial applications of blockchain become more widely adopted. But I think for anyone going on a journey, I think it has to consider blockchain, but it’s part of an overall strategy, not necessarily just the central piece,” Glitzer said in response to my question.

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Technology

Ethereum creator Vitalik Buterin: ‘Not a game anymore’

Screenshot of Virtual FinTech Forum fireside chat conducted by Kenetic Founder Jehan Chu with Ethereum creator Vitalik Buterin at StartmeupHK Festival 2021
Screenshot of Virtual FinTech Forum 2021 fireside chat conducted by Kenetic Founder Jehan Chu with Ethereum creator Vitalik Buterin at StartmeupHK Festival 2021

At Virtual FinTech Forum 2021, Ethereum creator and, at 27, world’s youngest crypto billionaire Vitalik Buterin said he feels a greater sense of responsibility these days because this decentralized open-source blockchain that he created at age 19 is not a game but a big part of the new world that is emerging.

“I think recently, especially with the rapid rise of crypto, I’m definitely feeling more of this kind of sense of responsibility that this thing that we’re building isn’t just a game anymore. It’s a significant part of the new era. And that’s not something that just crypto people are saying. Like, you know, respected kind of public intellectuals and economists. Tyler Cowen has recently said a lot of things to that effect. He even had this big article kind of just talking about cryptocurrencies and charter cities as two big pro-freedom ideas that he’s interested in,” Buterin said.

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Gaming, Technology

Play to earn: NFT gaming helps old couple earn income

For Filipino couple and sari-sari store (small neighborhood store) owners Lolo Silverio, 75, and Lola Vergie, 65, play to earn isn't a buzzword, but a godsend that has enabled them to keep earning an income amid the hardships of COVID-19. Image credit: Screenshot of 'Play-to-Earn: NFT Gaming in the Philippines' documentary on YouTube
Image credit: Screenshot of ‘Play-to-Earn: NFT Gaming in the Philippines’ documentary on YouTube

For Filipino couple and sari-sari store (small neighborhood store) owners Lolo Silverio, 75, and Lola Vergie, 65, play to earn isn’t a buzzword, but a godsend that has enabled them to keep earning an income amid the hardships of COVID-19.

Noon, dati, minsan two five, minsan three, kasi nga kabilihan nga, e. Ngayon benta namin minsan, hundred fifty, ganoon. Swerte ka nang bumenta ng tatlong daan, o two fifty (Before, sometimes we will get Php2,500-Php3,000 because there are a lot buying from the store. Now, we would just get Php150. We would be lucky if we get Php250 or Php300),” Lola Vergie said.

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Geek Culture, Technology

Neal Adams and NFTs: From Batman to blockchain

Best known for creating the modern-day Batman when he revitalized the Caped Crusader during the Silver Age of comics, legendary comic book artist Neal Adams is now venturing into the world of blockchain. Image credit: Vorto Gaming
Image credit: Vorto Gaming

Best known for creating the modern-day Batman when he revitalized the Caped Crusader during the Silver Age of comics, legendary comic book artist Neal Adams is now venturing into the world of blockchain.

The Eisner Award Hall of Famer has partnered with Sweden-based blockchain gaming company Vorto Gaming AB on an exclusive comic book and non-fungible token (NFT) collection. Adams will compose a bespoke comic book around Vorto Gaming’s maiden title, Hash Rush, which is to be released on the Vorto Network — Vorto Gaming’s free-to-play gaming platform and digital economy — later this year. Those interested in the assets will be required to sign up for the Hash Rush play test phase, which is now accepting registrants. The comic book will be available for purchase through a limited number of NFTs.

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A Life Less Analog, Technology

Millennials, Gen Z love blockchain, cryptocurrency

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Dear banks, here’s the thing: millennials (a.k.a. Gen Y) and Gen Z love blockchain and cryptocurrency. They love doge. Banks? Not so much.

So you have an uphill climb. It’s not just about digitalization, which, let’s face it, most of you have just been paying lip service to for years before the COVID-19 pandemic forced every company to finally move faster than Internet Explorer — which, apparently, some of you are still using. You’re dealing with a different mindset altogether, because while millennials and Gen Z sometimes hate each other, one thing they hate more is traditional banking. And when I say “traditional banking”, that includes what passes for digital banking these days, where many of you are just porting existing processes and experiences to your websites and mobile apps. So you still have legacy products and services, and legacy people and processes, and you’re just replicating the same inefficiency and bad customer experience on digital platforms. That’s not innovation. That’s marketing BS.

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Technology

Blockchain for shipping: R3 partners with Tramés, IMDA

R3 Head of APAC Amit Ghosh touts the benefits of using blockchain technology for the shipping industry. Image credit: R3
R3 Head of APAC Amit Ghosh touts the benefits of using blockchain technology for the shipping industry. Image credit: R3

Proving that blockchain can be a gamechanger for global shipping, enterprise software firm R3 has announced a partnership with Tramés and Singapore’s Infocomm Media Development Authority (IMDA).

“When it comes to paper-based documents such as bill of lading, blockchain technology is a perfect fit as it eliminates the need for an intermediary or third party due to its decentralized nature — allowing peers on the network to transact directly with each other,” R3 Head of APAC Amit Ghosh told Digital Life Asia.

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Technology

BPI on evolving role, encouraging Gen Z to save

New BPI president and CEO Jose Teodoro “TG” Limcaoco wants to cement BPI's position as the undisputed leader in the Philippine digital banking space. Image credit: BPI
New BPI president and CEO Jose Teodoro “TG” Limcaoco wants to cement BPI’s position as the undisputed leader in the Philippine digital banking space. Image credit: BPI

Quoting Charles Dickens, BPI Chairman Jaime Augusto Zobel de Ayala said “it was the best of times, it was the worst of times” for the bank in 2020. And as the oldest bank in the Philippines — and in Southeast Asia — formally welcomed its new president and CEO Jose Teodoro “TG” Limcaoco on April 22 after its board meeting, BPI emphasized the evolving role of banks as they navigate the changing digital landscape and the preferences of consumers across different generations and channels.

“In the old days, people wanted to see the cash in the vault. Today, you don’t see the cash in the vault. You know your money’s there, but it’s in data form. And therefore going forward, the successful banks are the ones with the name that people can trust that the data is safeguarded, that the data can be used by themselves, and that the cost of using is actually cheap or actually positive because their data grows, or their wealth grows. And that’s why people love the concept of digital banks. I think there will be people who will come into the Philippines trying to set up a digital bank, but they will always be at a disadvantage to BPI which has the name and the physical infrastructure to attract the customers,” Limcaoco said.

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Technology

Zilliqa launches US$5M fund to support startups

Zilliqa Senior Vice President of Ecosystem Development Han Wen Chua wants to help companies build innovative blockchain solutions. Image credit: Zilliqa
Zilliqa Senior Vice President of Ecosystem Development Han Wen Chua wants to help companies build innovative blockchain solutions. Image credit: Zilliqa

ZILHive, the ecosystem growth arm of Singapore-based high-performance blockchain platform Zilliqa, has launched a strategic annual investment fund of up to US$5 million for 15 promising companies building on the Zilliqa platform.

“ZILHive has always had big ambitions: to drive more open and inclusive finance and commerce gateways for communities and companies worldwide, and power the Web 3.0 era. We have now doubled our investment into high-potential startups and initiatives in service of this goal: guiding entrepreneurs right from the drawing board, seeding and nurturing them to become not merely a blockchain success story, but provide truly useful applications for people,” said Zilliqa Senior Vice President of Ecosystem Development Han Wen Chua in a press statement.

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Technology

Galileo blockchain solution empowers Singlife Philippines

Galileo Platforms has become the first company to have its advanced blockchain platform used by an insurer as its core policy administration system with Singlife's launch in the Philippines.

Galileo Platforms has become the first company to have its advanced blockchain platform used by an insurer as its core policy administration system with Singlife’s launch in the Philippines.

The Hong Kong-based company has joined with Singlife Philippines, a mobile-first life insurer from Singapore, and GCash, the largest e-wallet in the Philippines, to launch a platform for life insurance products. By using Galileo’s scalable cloud-based blockchain technology, the new Singlife Philippines service can potentially reach a very large and mostly untapped insurance market.

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Technology

Bakong: Cambodia launches blockchain-based central bank digital currency

Different financial institutions in Cambodia have adopted Bakong, including TrueMoney Cambodia. Image credit: Bakong
Different financial institutions in Cambodia have adopted Bakong, including TrueMoney Cambodia. Image credit: Bakong

Bakong, the blockchain-based central bank digital currency system jointly developed by the National Bank of Cambodia and Japanese blockchain company Soramitsu Co., Ltd., was officially launched on Oct. 28.

After starting its pilot operation throughout Cambodia from July 2019 and winning the Central Bank Award, Bakong is now the core system for retail payments and interbank payments in Cambodia. It uses digitized Cambodian riel or US dollars to enable immediate and final transactions. Eighteen financial institutions in Cambodia have already adopted Bakong as of Q3 2020.

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Technology

Fasset taps Ethereum to boost sustainable infrastructure

Fasset Founder and CEO Mohammad Raafi Hossain says they want to create a blockchain-based ecosystem for the efficient financing of sustainable infrastructure.
Fasset Founder and CEO Mohammad Raafi Hossain says they want to create a blockchain-based ecosystem for the efficient financing of sustainable infrastructure.

UK-headquartered fintech company Fasset has launched the world’s first comprehensive operating system dedicated to the ethical financing of sustainable infrastructure on the Ethereum blockchain.

Inspired by the United Nations Sustainable Development Goals, Fasset hopes to expedite the construction of sustainable infrastructure while providing safe, secure, and yielding investments to a broader investor base. This is in response to increasingly pronounced climate degradation and a clear lack of capital entering the sustainable infrastructure sector — estimated by the World Economic Forum to be moving towards a US$15 trillion deficit by 2040. 

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