Monthly Newsletter | 19th June

Beijing promotes Web3 innovation and development, releases white paper

Beijing's Municipal Government has released the "Web3 Innovation and Development White Paper" to support advancements in the Web3 industry. With an annual allocation of at least 100 million yuan ($14 million) until 2025, Beijing aims to establish itself as a global innovation hub for the digital economy. The white paper emphasizes policy support and technological progress to facilitate Web3 industry growth. I applaud the fact that Beijing is recognizing the potential of Web3 and actively supporting its development. This recognition could bring legitimacy to blockchain technology and encourage further adoption, globally.

Indian banks asked ‘to prepare for the future’ with AI and blockchain

A top federal official representing India's central bank, the Reserve Bank of India (RBI), recommended all banks adopt artificial intelligence (AI) and blockchain technology to ensure sustainable growth and stability. In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability. I see tremendous opportunity for blockchain to make significant strides in the Indian banking ecosystem, leveraging their expertise to drive innovation and improve operational efficiency.

?Goldman’s digital-asset team open to hiring for Blockchain platform

Goldman Sachs Group Inc.’s digital-asset team signaled it’s open to bolstering staff strength and flagged the potential for blockchain technology to improve the functioning of markets such as private equity. In an interview, the team’s global head Mathew McDermott said the bank remains “hugely supportive” of exploring blockchain applications and that the digital-asset division will hire “as appropriate” this year.

India’s first education Web3.0 metaverse event by Crewsphere empowers students with virtual reality technology

Crewsphere, a tech startup, organized India's first education-focused Web3.0 Metaverse event, leveraging virtual reality (VR) technology and blockchain. The event aimed to empower students by immersing them in a virtual world where they could engage in educational activities. By combining VR and blockchain, Crewsphere sought to enhance learning opportunities and provide a glimpse into the future of education. The event showcases the potential of these technologies in revolutionizing the education sector in India.

Japan’s largest airline launches NFT marketplace

Japan's largest airline, All Nippon Airways (ANA), has launched an NFT marketplace. The platform, called "ANA NFT Platform," aims to offer a range of digital collectibles, including artwork, music, and videos. ANA aims to leverage blockchain technology to enhance customer engagement and provide unique experiences. The marketplace is expected to attract artists, creators, and collectors, contributing to the growing adoption of NFTs in various industries. I believe this is a significant step toward mainstream adoption of blockchain technology and NFTs in aviation.

EY unveils ESG blockchain platform

EY has launched an ESG blockchain platform to provide transparent and verifiable data on environmental, social, and governance metrics. This announcement represents a significant step forward in leveraging blockchain technology to address sustainability and responsible business practices. ESG considerations have gained prominence in recent years, as companies and investors recognize the importance of integrating environmental and social factors into their decision-making processes. The use of blockchain technology in this context offers several advantages. Blockchain's inherent characteristics of transparency, immutability, and decentralization can enhance the credibility and trustworthiness of ESG data. By recording ESG-related information on a blockchain, stakeholders can have greater confidence in the accuracy and authenticity of the reported data.

White Shark raises $16 million to develop, deploy rapid self-evolving blockchain

White Shark, an emerging blockchain technology company, has raised $16 million in a funding round for further advancement and deployment of its blockchain platform. The company aims to revolutionize the industry with its unparalleled speed, intelligence, and versatility, while making blockchain accessible, secure, and cost-effective for individuals, businesses, and government entities. This development is an exciting milestone in the blockchain industry and highlights the ongoing efforts to enhance scalability, efficiency, and innovation within blockchain technology. The self-evolving nature of the blockchain can also help address security vulnerabilities and enhance the network's robustness against potential attacks. I think it will be exciting to see how the self-evolving blockchain evolves and contributes to the broader blockchain ecosystem.