Microsoft customers now require pre-approved written permission to mine crypto like Bitcoin.
The computing giant introduced the changes earlier this month, revising its Universal License Terms for online services like Windows and Azure.

## New customer terms

A note on the company website states in the Updated Acceptable Use Policy that Microsoft suggests "seeking written pre-approval" ahead of using the company's online services for mining crypto, "regardless of the term of the subscription".

The company continued by saying that "testing and research for security detections may be considered" when giving permission to [mine cryptocurrency](/news/article/mining-farm).

## First notice of Microsoft crypto mining ban

[The Register noticed the Microsoft crypto update first](https://www.theregister.com/2022/12/15/microsoft_online_services_cryptomining_ban/#:~:text=Updated%20Microsoft%20has%20quietly%20banned,into%20effect%20on%20December%201.) and Microsoft explained that it made the change because "cryptocurrency mining can cause disruption and/or even impairment to Online services". The company added that crypto mining is often connected to abuse attacks and cyber fraud like "unauthorised access" to its customer resources. It concluded that the change is to protect customers and "mitigate" risks of disruption and service impairment to the Microsoft cloud.

Last year, Microsoft warned customers about a mining malware that can spread via e-mails and steal credentials easily to fetch security controls of the system.

Some reports claim that as a result of supply-chain constraints, their cloud computing systems have experienced significant capacity shortages in recent years. It is rumoured that the number of Azure data centres will continue to be restricted until the beginning of 2023.

## Joining the team

The Microsoft crypto mining ban means the company joins a large number of other cloud service giants, such as Google, which also forbid users from mining cryptocurrencies without first receiving written consent. Cloud mining is prohibited on some platforms, such as Oracle, while Digital Ocean also demands formal approval.

## Final word

Cloud mining is an alternate strategy for investing in cryptocurrencies that enables users to mine crypto assets without using mining hardware or equipment. Because customers don't have to pay for the equipment and associated fees, cloud mining is one of the most lucrative ways to mine cryptocurrency, according to the blockchain research organisation Blockchain Council.

Keeping all that in mind, it is always advisable to check for safer ways to start the mining journey with lots of research.



red image of microsoft logo. Crpyto coins in foreground

Microsoft Crypto Mining Ban on Cloud Services

[Tokeny Solutions](https://tokeny.com/) is a digital asset tokenisation firm based in Luxembourg. Recently, it has revealed its partnership with a network, [Ownera](https://ownera.io/), that provides global inter-trading services through FinP2P protocol. The combined forces are working on an initiative to boost liquidity and make capital more accessible.

Moreover, the two firms will be working closely with the [regulated institutions](/news/article/uk-crypto-exchange) to provide a secure gateway to the network users. It will give them access to numerous virtual asset networks all around the globe. With this initiative, Ownera’s FinP2P network will also get access to a broader investor base. 

## Why did Tokeny integrate Ownera?

Tokeny stated some of the reasons for this integration in a [press release](https://www.businesswire.com/news/home/20220926005043/en/Tokeny-and-Ownera-Partner-to-Unlock-Global-Liquidity-for-Tokenized-Assets). It pointed out that accessibility to tokenised assets and their institutional adoption is still not mainstream. That's why there needs to be a solution that could bridge this gap. For this reason, the open-source FinP2P protocol of Ownera can be ideal. It can set up an ecosystem through which swift trading of tokens from any blockchain is possible.

This protocol also can maintain a digital ledger, which will provide transparency. The network can cover all three major parts, including:

1.	The primary issuance of a token.

2.	The secondary trading of the tokens.

3.	On-spot asset lending against a collateralised asset like on any other DeFi platform.

Building an ecosystem like this one will allow tokenised asset distribution even to the private markets. It can also unlock liquidity at a global level, which cannot be attained by a single platform.

## Thoughts from Tokeny’s Chief Strategy Officer

The CSO of Tokeny, Daniel Coheur, has shared his views on this benchmark partnership. He stated, "Tokenisation is the first step to unlocking the full potential of assets using blockchain technology." He said integrating assets into a blockchain can make management efficient and reduce costs.
Besides, he mentioned that on this network, compliance is ensured at the initial token level. This eliminates the barriers of interoperability and visibility, which, in turn, "maximise the asset liquidity".

Moreover, he alluded that with the integration of the FinP2P protocol, investors will have access to more distribution networks. They will also have the option of using tokenised assets as collaterals.

## Views from Ownera’s Business Development and Marketing Head

Ownera’s Head of Business Development and Marketing, Anthony Woolley, has shared similar views. He maintained that many platforms often face the issue of using different blockchain technologies for accessing other asset pools and investors. However, their network can save them from this hassle as it provides "one secure point of connection to multiple digital asset networks across the globe". 

He boasted that this network could offer better accessibility and higher liquidity. He further mentioned that any firm acquiring Tokeny Solutions will enjoy enhanced distribution power because of this integration. 

## About Tokeny Solutions

It is a firm that offers the services of building compliance-oriented architectures for digital asset firms. Its infrastructures allow the companies to manage tokenised assets in line with the set regulations and [anti-money laundering laws](/news/article/crypto-aml). It allows smooth onboarding while ensuring the know-your-customer (KYC) procedure. All in all, with its solutions, virtual asset service providers can build completely decentralised and regulated infrastructures. 

Tokeny Solutions is a well-recognised company in the industry. CB Insights ranks it as one of the top 50 blockchain firms, whereas KPMG ranks it among the top 100 FinTech start-ups.


Tokeny and Ownera to Enhance Token Liquidity

[Elrond](https://elrond.com/) is a blockchain platform built to handle high transaction volumes. It's native token, EGLD crypto or eGold, is a multi-use cryptocurrency. The platform, which supports decentralised applications via smart contracts, is built to compete with significant blockchains like Ethereum and Zilliqa to create a [decentralised](/news/article/dns-servers) application and cryptocurrency ecosystem.

The blockchain can process up to 15,000 transactions per second. This makes it one of the fastest blockchain networks on the market. On the network, EGLD crypto is used for [staking](/news/article/what-is-staking-crypto), voting, and transacting. It is the primary asset in the incentivisation system that rewards network participants. Elrond also has a six-second latency, can scale with sharding, and has low transaction fees of $0.001.

It was established in 2018. The blockchain employs a Secure Proof of Stake (SPoS) operating protocol, which processes transactions in parallel. It relies on the contributions of multiple participants, each playing multiple roles simultaneously.

## What makes EGLD crypto unique?

Elrond is unique in its use of Adaptive State Sharding, which divides the network into smaller fractions so that nodes can verify transactions and network operations by resolving one partition at a time. This ensures the network can handle thousands of transactions per second while charging only a small fee.

The project aims to build a new digital economy with decentralisation and scalability built into its blockchain infrastructure. Elrond enables users to create new assets and decentralised applications and conduct low-cost transactions. The project also supports enterprise-grade Dapps while allowing for scaling and providing three programming languages to work with.

## How does the platform function?

Elrond is validated rather than mined using SPoS. The network uses open-source software, meaning the source code is available to anyone. The blockchain works as follows:

1.	Validators process and record transactions: Validators stake EGLD tokens in order to earn the right to process EGLD crypto They collaborate to process transactions and to add new blocks to the Elrond blockchain at the same time.

2.	Fishermen are constantly on the lookout for malicious transactions and users: Fishermen in SPoS networks validate new blocks after validators add them to the blockchain. Fishermen are tasked with locating any invalid blocks or malicious actors that may be present on the network.

3.	Observers passively maintain the blockchain's history: The blockchain observers store the blockchain's entire history. Observers are ineligible for EGLD crypto rewards because they are passive network participants who do not create new blocks.
The network is run concurrently by validators, fishermen, and observers. It is highly scalable due to this concurrent participation.

## Use Cases for Elrond

Elrond is designed to support non-fungible tokens (NFTs) and includes a Smart Accounts NFT framework. Smart Accounts operate similarly to any blockchain network account but support key-value data storage at the account level. They enable users to store large amounts of information directly in their Elrond Network accounts, such as emails, private identity data, health data, proof of citizenship, Know Your Customer (KYC) information, and more. 

Furthermore, Smart Accounts are intended to store and prove digital assets ownership without using the Elrond VM, which results in less bloating on the smart contracts that govern user funds.

The network is developing Elrond Standard Digital Tokens (ESDTs), synthetic assets, tokenised stablecoins, and fiat currencies to run on the Elrond network without requiring smart contract functionality. Elrond's scalability and speed prepare the network for the Internet of Things functionality (IoT).

The blockchain provides solutions for data exchange, financial services, and more to a growing list of enterprise blockchain clients worldwide, demonstrating that user adoption of the Elrond network is increasing.

## How to buy EGLD crypto

EGLD is available on cryptocurrency exchanges, including Binance.us, [KuCoin](/news/article/kucoin-crypto-metaverse), Gate.io, Bitfinex, OKEx, and [Crypto.com](/news/article/crypto.com-news-uk-approval).

##  Bottom line

Elrond promotes scaling and high transaction speeds as the primary sources of the project's intrinsic value, claiming that the network can process up to 15,000 transactions per second. It is a highly functional ecosystem because of its high transaction speeds, scalability, decentralisation, and full custody over users' funds.

As the project progresses, the network strives to become a model of the new internet economy. The project provides competitive transaction speeds and tools for Dapp development and application deployment for public and enterprise-grade use cases.


EGLD Crypto and Blockchain Platform

Since it came onto the scene, many have wondered, 'is Casper crypto a good investment?'. Here, we'll try to find out.

The Casper cryptocurrency was launched in 2017 and gained popularity due to its unique features. The most significant part of Casper is its use of the Proof-of-Stake (PoS) algorithm, which is different from the more common PoW (Proof-of-Work).

With PoS, instead of miners validating transactions and earning rewards, Casper users who hold the currency in their [wallets](/news/article/crypto-wallet-multiple-currencies) can earn interest on their holdings. This makes Casper a more environmentally friendly option, as there is no need for energy-intensive mining operations.

There are many options when [investing in cryptocurrency](https://www.wsj.com/articles/tesla-ceo-elon-musk-says-he-personally-owns-bitcoinand-so-does-spacex-11626908542). With so many different coins and tokens available, knowing which ones are worth your money can take time and effort.

One coin that has been getting much attention of late is Casper. The new cryptocurrency is designed to change how we interact with the internet and promises to provide many benefits over traditional currencies.

Casper has also implemented some governance mechanisms to ensure that the currency uses responsible. For example, users must have a minimum balance to participate in staking and earn rewards.

## Is Casper a good investment?

It's essential to understand what Casper is and how it works. Casper is a decentralized network that uses [blockchain technology](https://www.newsbtc.com/news/bill-gates-bitcoin-exciting-shows-cheap-sending-money-can/) to enable secure, peer-to-peer transactions. Transactions on the Casper network are processed instantly and are entirely private.

Casper's design is to be more efficient than current web browsers. The developers claim Casper can load pages four times faster than Chrome and Safari. Additionally, Casper doesn't require users to install any plugins or extensions.

Casper is a good investment as it offers an excellent opportunity to make profits in the long term. It is among the most popular and successful Initial Coin Offerings (ICOs), attracting much attention from investors and traders.

The project has a strong team of experienced developers, entrepreneurs, and marketing experts. They have created a functional product and have a solid roadmap. A well-known venture capitalist firm also backs the project.


Is Casper Crypto a Good Investment?

[Uquid](https://uquid.com/) is one of the largest Web3-based platforms, offering physical and digital products. It creates smart shopping experiences for users by bringing the world of e-commerce and DeFi together. 

To enhance customer experience, it has announced integration with the [Polygon network](/news/article/polygon-crypto). The smart marketplace will leverage Polygon’s low fees, high efficiency, and, most importantly, scalability. It will also allow Uquid to employ its vigorous developer ecosystem.

![uquid.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/uquid_fd41c6718c.png)
 
It will allow customers to enjoy another payment method, the MATIC token. In addition, this Web3 market will have access to Ethereum through this integration.

## Shared vision of building eco-friendly platforms

Both Uquid and Polygon share the vision of [sustainability](/articles/our-news/sustainable-future) and environmental preservation. MATIC’s network is known for being the least harmful to the environment. That’s why the smart marketplace opted for its scalable ecosystem to develop its market. Uquid believes that the MATIC network can shape a user-friendly and environment-friendly platform. 

It will not only reduce gas fees for users, but will also allow easy access to cryptocurrencies. Users can also enjoy access to various decentralised apps (DApps) available on Polygon. 

## About Polygon

[Polygon](https://polygon.technology/) is one of the leading Ethereum scaling solutions. It is entirely decentralised and ideal for creating Web3 DApps. The network leverages Ethereum's security and provides high efficiency at affordable costs. More than 53,000 DApps have chosen its scaling solution to build their platforms. Among them, names like Uniswap, OpenSea, and Aave are notable. 

The network is also a leading force in the non-fungible tokens ([NFT](/news/article/nft-art-marketplaces)) market. It has collaborated with numerous key players in the industry, including [Disney](/news/article/matic-disney-collab), Instagram, Adobe, Stripe, and others.

## About Uquid

Uquid is a platform that first introduced the idea of Web3-based smart shopping. It bridges the gap between the DeFi world and e-commerce by offering more than 85 million products. The platform also introduced the concept of a shop-to-earn market.


Uquid Web3 Market Integrates Polygon

[Fortify](https://fortify-blockchain.com/) NFT boosts the value of your products. It combines blockchain and NFC technology to increase brand trust and engagement.

The platform offers a secure module (NFC crypto chip) that enhances your product by bridging the physical and digital worlds.
All data is stored in an open, [decentralised blockchain](/news/article/dns-servers) network. The platform guarantees transparency and immutability. It offers fully customised mobile applications (Android, iOS) for your customers to interact with your product to strengthen your brand. 

Fortify allows you to: 

1.	Prove your product's authenticity using the NFC crypto chip.
2.	Claim and transfer ownership.
3.	Check on the product's sustainability and provenance, and many other functions.

## Services offered by Fortify 

1.      Genuineness and thriving secondary markets
Artists no longer participate in the secondary market for their works of art because, after a sale, they no longer see the value in doing so. 

Fortify enables a thriving secondary market while returning control to artists. An NFC chip protects each piece of art, and the blockchain is used to track and modify ownership. Every resale generates some profit for the artist.

2.      Trust and participation in the fashion industry
Handbags, shoes, watches, and glasses are a few examples of products plagued by counterfeiting. Furthermore, customer engagement is low. Once purchased, the producer's ability to increase customer interaction with the product or brand is limited.

Fortify alters this by generating a digital twin of each object on the blockchain and encouraging customers to interact with it.

3.      Industrial applications: Track assets as they move through the supply chain
Goods of any kind in industrial processes can be linked to a digital twin on the blockchain using the NFC chip. These goods can be tracked transparently throughout the entire supply chain. 

Costs for identifying, tracking provenance, or obtaining reliable information about previous production steps can be drastically reduced.

4.      Solution for high-end spirits
The counterfeiting of spirits is massive, especially when it comes to high-end products. Fortify's solution for high-end spirits protects bottles of any type from counterfeiting, as demonstrated by a limited edition of 999 bottles of GIN. 

## How can Fortify NFT help your business?

1.      Authenticity 
Fortify’s blockchain-NFC chips embedded in your products serve as an anti-counterfeit solution, protecting your brand.

2.      Customer Engagement
You can use blockchain tokens ([NFT](/news/article/meta-facebook-nft) to prove ownership, purchase and sell goods on the secondary market, collect digital and physical goods, and many other things.

3.      Rarity
You can establish trust by being upfront about the actual number of an item's limited supply.

4.      Supply Chain Transparency
Any asset can be tracked and traced throughout the supply chain using Fortify.

## Bottom line

Have you ever lost track of your product after it was sold in a retail setting? 

Fortify NFT can solve this problem. The application dashboard provides detailed information on customer interaction with your products: When and where was its authenticity established? Is it being resold on the secondary market? Who currently owns the digital and physical assets? All this data is retrieved from NFC chips and the blockchain and displayed in a user-friendly interface.



Fortify NFT Explained

The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) officially [launched](https://meaacba.org/new-crypto-and-blockchain-association-launched-in-abu-dhabi/) on November 8 in the Abu Dhabi Global Market (ADGM), a free economic zone based in the city's centre subject to its own set of civil and commercial laws. The zone was designed to further the growth of fintech companies in the United Arab Emirates (UAE).

According to its website, the nonprofit will aim to facilitate regulatory solutions, create commercial opportunities, and invest in education to support industry growth.

## How did the Middle East, Africa and Asia Blockchain Association come about?

The association will be led by board chairman Jehanzeb Awan, founder of an international risk and compliance consulting firm headquartered in Dubai.

Other supporting the association include Binance's regional head of Middle East and North Africa (MENA), Richard Teng, Crypto.com's general manager of Middle East and Africa, Stuart Isted, and Ola Doudin, the CEO of BitOasis, a cryptocurrency exchange in the region.

Awan said he hopes the organisation will bring a collaborative and community-based approach to further industry growth in the MENA region and "create wide-reaching benefits for this highly dynamic and exciting space."

"The industry will benefit from the Association as it provides a coordination mechanism between regulators, government agencies, banks, legal, tax, and advisory firms to address the most pressing challenges," he added.

ADGM's chairman Ahmed Jasim Al Zaabi, also stated that MEAACBA's addition would contribute to a much more "progressive financial sector" in the region.

MEAACBA's launch comes as the Financial Services Regulatory Authority (FSRA) — the financial regulator of ADGM's free economic zone — published a set of "Guiding Principles" on its approach to [navigating the regulatory complexities](https://cointelegraph.com/news/abu-dhabi-regulator-introduces-guiding-principles-for-crypto) by the digital asset industry in September.

The principles are said to be "crypto-friendly" while still complying with some of the strict international standards on Anti-Money Laundering (AML) and [Counter-Terrorism Financing (CFT)](https://cointelegraph.com/news/tech-savvy-terrorists-are-using-crypto-to-finance-their-horrible-deeds-un-official) by the United Nations.

## MENA-The fastest-growing crypto market

According to a recent study, the MENA region is also the [fastest-growing cryptocurrency market](https://cointelegraph.com/news/middle-east-and-north-africa-are-fastest-growing-crypto-markets-data) in the world. During 12 months from July 2021 and June 2022, transaction volume in MENA reached $566 billion, an increase of 48% from the previous 12 months.

The use case for cryptocurrencies in many of these emerging markets has come in the form of savings preservation and remittance payments to counter the effects of inflation in volatile economies.



Middle East, Africa and Asia Blockchain Association launch

According to news from Pi Coin's inventor and head of technology, Nicolas Kokkalis, Pi Network "has tried to make cryptocurrency accessible globally". Pi Network is the cryptocurrency community for PI, the Pi Coin, often known as Pioneers. 

PI, according to Kokkalis, allows Pioneers to mine on their phones with no fiat cost while contributing to development, inclusiveness, security and decentralisation, usefulness, stability, and durability.

## Pi Network news: Pioneers warned 

Pi informed pioneers that Pi Coin will have no initial coin offering or crowdfunding sales. This is because the main goal is to "create the most inclusive and broadly dispersed digital currency and ecosystem for all Pioneers"'

It clarified that it is not associated with any organisation purporting to sell or generate PI, PI futures, PI non-fungible tokens, PI airdrops, or other PI derivatives. The [blog](https://minepi.com/blog/pi-account-safety) further informs Pioneers that any website asking them to claim PI is a scam since users can only claim all mined PI through the official Pi Network app.

It continued by saying that the names do not imply an official affiliation with Pi Network. Unless otherwise clearly verified by their official communication channels.

## Pi Network: How to mine Pi Coin

[Pi Network](https://twitter.com/PiCoreTeam/status/1555674682480680960), the Pi Coin (PI) crypto community, has produced an instructive video on how to build and utilise the Pi Wallet. 

The movie, which is now on Pi's [home screen](https://minepi.com/), explains how mining works. Unlike Bitcoin (BTC), PI is the only [cryptocurrency](/news/article/asian-yuan-china-token) that can be mined with a smartphone. Furthermore, the video claims that mining PI with a user's phone is free of charge and causes no battery drain.

## Pi Network news: Where does PI rank? 

According to [Watcher. Guru data](https://twitter.com/PiCoreTeam/status/1564349423215190016), as of 28 August, 2022, Binance Coin (BNB) ranked #1 among the top ten cryptos' Twitter profiles, with 9.36 million followers. Bitcoin (BTC) came in second with 5.49 million followers, while Shiba Inu (SHIB) came in third with 3.46 million followers. Pi Coin (PI) is the ninth most followed cryptocurrency on Twitter, with 1.65 million followers. 

Pi conducted a [Twitter](https://twitter.com/PiCoreTeam/status/1559317083309035520) poll, and 61% of Pioneers, or Pi members, were recommended to it by a friend. Family members came in second with 17%, and coworkers came in third with 4%. However, 18% said “other." A total of 54,722 people voted in the Twitter poll.

Pi Network, the [crypto](/news/article/time-tokens) community for Pi Coin, has expressed gratitude to its Pi Chat moderators for their assistance in translating Pi messages into more than 50 different languages. The moderators are the "backbone of communicating with the whole Pi community".


Pi Network News: Pi Going Global?

The credit card giant [Mastercard](/news/article/crypto-trading-services-mastercard) has been running an accelerator program for startups since 2014. It has recently announced that this year, applications from 7 FinTech startups have been accepted for [Mastercard Start Path](https://startpath.mastercard.com/spglobal/home.html). The firm intends to promote innovation in blockchain, FinTech, and the web3 space with this move.

The upcoming cohort of firms that have joined the program is quite diversified. They are from four countries: the United States, Singapore, United Arab Emirates, and Colombia.  

## Blockchain companies accepted in Mastercard Start Path

There are a few known names among the companies that will be joining the program. One of them is Abu Dhabi-based [Fasset](https://fasset.com/), which is a digital asset gateway service provider. 

The credit card company, previously, has also worked with it to provide digital solutions in Indonesia. Another firm from the UAE is Take Back the Mic ([TBTM Studios](https://tbtm.app/)). It allows entertainment platforms to leverage blockchain technology.

There are three companies from the US: [Loot Bolt](https://lootbolt.com/), [Uptop](https://www.uptop.xyz/), and Quadrata. Loot Bolt provides services related to web3-based payment systems. Uptop offers a platform for brands to manage their customer relations, and [Quadrata](https://quadrata.com/) allows blockchain-based solutions for preserving privacy.

From Singapore, the [Digital Treasures Center (DTC)](https://dtcpayment.com/) will be part of the program. And from Colombia, [Stable](https://www.stable-app.com/), a stablecoin startup, is accepted. 

## What’s the goal of Start Path?

Start Path was launched in 2014 to help startups get the initial funds and expand. It is a yearly program that lasts for six months. So far, this initiative has boosted the performance of over 350 firms, some of which have also reached unicorn status. 

Last year, Mastercard decided to launch a crypto division for this program. It was to support web3 and [crypto projects](/news/article/crypto-app-mastercard-nft) by investing in them. It helps companies build a community of developers and bring more innovation to the industry. 

However, this credit card corporation is not the first to take such an initiative. Many corporations like [Binance](/news/article/guide-to-binance-uk), [Disney](/news/article/matic-disney-collab), and others also run accelerator programs. 




7 FinTech startups joined Mastercard Start Path

The South Korean Government plans to incorporate digital IDs as an app into mobile devices in the future, [according to Bloomberg](https://www.bloomberg.com/news/articles/2022-10-16/south-korea-aims-to-boost-economy-with-digital-id-on-blockchain). The 'blockchain IDs' will be comparable to conventional resident registration cards. The report says that digital IDs will be available in 2024, with 45 million residents expecting to use the technology within two years.

## How blockchain IDs could be helpful to Korean Citizens

Hwang Seogwon, an economist at Korea's Science and Technology Policy Institute, said they could use digital IDs in finance, healthcare, taxes, and transportation. In contrast, Suh Bo Ram, Director-General of [Korea's](/news/article/samsung-south-korea-exchange) Digital Government Bureau, said the technology could help businesses that haven't yet fully transitioned online.

## Plan for the implementation of digital IDs in Korea

The plan also includes adopting a decentralised identification system. That means the government will not have access to information saved on phones, such as how and where they can use the digital IDs. 

According to the Portulans Institute, an American think tank, such technology is not new to the tech-savvy nation. South Korea ranks first among all nations using technology for life, commerce, and government. It would also not be the first blockchain-based ID system used in the country. [More than one million South Koreans have adopted a blockchain-powered driver's licence](https://techwireasia.com/2020/08/blockchain-based-drivers-licenses-hit-the-road-in-south-korea/) that functions through Korea's PASS smartphone application by August 2020.

## Will other countries follow Korea in implementing digital IDs?

While [South Korea](/news/article/daniel-shin-home-raided) is leading the way in these areas, other countries to follow soon. 

According to a June 2021 report from market research firm ReportLinker, [the blockchain identification industry will expand another $3.58 billion by 2025](https://finance.yahoo.com/news/blockchain-identity-management-market-grow-091500421.html), or a compound annual growth rate of 71%.

Brenda Gentry, CEO of Bundlesbets.com, recently told a crypto news website that regardless of how competent and decentralised the ID management system is, it would still require recognition from government bodies or corporations.



Blockchain IDs to be Given to Koreans

Near protocol is on the run to become the quickest digital ledger in the world. 

The tier 1 blockchain network offers a platform for the [creation of decentralized applications by developers](https://www.coindesk.com/learn/creation of decentralized applications by developers what-is-a-dapp-decentralized-apps-explained/) (DApps). Since Ethereum is the most widely used layer one [blockchain](/news/article/blockchain-use-cases), this technology is Ethereum's new rival.

The token's price, which climbed to an all-time high of $20.44 in January 2022, is built around the concept of sharding, which attempts to break the system infrastructure into several pieces, also known as nodes, only need to process a subset of the network's transactions.

The network NeaCollective built uses a method called [Proof-of-Stake](https://cointelegraph.com/news/inside-the-blockchain-developer-s-mind-proof-of-stake-blockchain-consensus) (PoS) that supports smart contracts, thereby allowing efficient energy use and transactional cost. 

## Key takeaways under Near protocol

·	Near protocol is a tear one blockchain system that has implemented sharding to increase transactional throughput.

·	Between March and April 2022, the Near token's value doubled to more than $17. 

·	The network uses Proof-of-Stake as a staking technique to encourage wide-scale participation among its users. 

## How does the Near protocol achieve this?

The proliferation of decentralized applications (DApps) in the Bitcoin sector, including everything from games to financial services, has skyrocketed. But it's also apparent that scale is still a problem for most blockchains. 

It is no news that many digital ledgers have scalability issues, especially more established ones like Bitcoin and Ethereum. The root source of the problems is their inability to quickly process enormous volumes of transactions at reasonable prices.

This problem is being addressed by initiatives like this fast-growing technology, which creates a centralized system with a different architecture called [sharding](https://www.gemini.com/cryptopedia/glossary#sharding) to solve the issue. It entails segmenting the blockchain into smaller chains that are being worked on by various validators and that are frequently linked to one another. The network effectively avoids the issue of growing too large by slicing itself into smaller pieces.

This innovation is by no means the very first ecosystem to use sharding. It has been considered an Ethereum fix since 2013 and, as a result, claims that it offers "infinite scalability," which means that the number of transactions occurring on the framework can grow indefinitely without slowing down.

Sharding allows the technology to divide the cryptographic ledger into smaller, easier-to-manage chunks, lowering the computing effort, lightening the network's pressure and boosting transaction throughput. 

This protocol follows other Proof-of-Stake (PoS) programs with extremely cheap transaction fees compared to other blockchains like Bitcoin and Ethereum. 

According to the [Near](https://docs.near.org/concepts/basics/transactions/gas) website, the cost of transacting money is approximately 4.5 x 10-5 native tokens, making their transactions almost as inexpensive as those of Solana. 

As earlier mentioned, the digital application uses a PoS system against Ethereum's [Proof-of-Work](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/) (PoW). However, despite its features, the protocol still has much to prove as Ethereum's opponent. Others have been around for longer and are becoming popular; two of the most well-known are Solana and Polkadot, whose native tokens are SOL and DOT, respectively. 



Near Protocol: What it is and how it works

Polygonscan is a block explorer and analytics platform that lets users view and analyse any transaction on the Polygon blockchain. The Polygonscan API (Application Programming Interface) launched with various supports to provide features such as transaction tracking, gas tracker, and more, with additional features expected in the future.

Its release encourages developers to launch dApps using the [Polygon network](/news/article/polygon-crypto). As well as it also ensures that users have the best possible experience when using their favourite dApps for trading, buying and selling NFT, and a variety of other activities.

## How will Polygonscan assist?

MATIC is a blockchain scalability platform that promises to solve Ethereum's problems, such as low Tics Per Second (TPS) and high fees. When compared to Ethereum, Polygon has higher throughput. Compared to the Ethereum network, the gas fee on Polygon is relatively low.

The block explorer allows users to easily check blockchain data such as:

•	Daily transactions

•	Unique addresses

•	Average block size

•	Average gas price

•	Daily gas used 

•	Daily active ERC-20 addresses

•	Validators

•	Contract verification

•	ABI verification.

Polygonscan has capacity to handle the high transaction volume, processing 7 million transactions daily. Launching decentralised apps on the polygon blockchain will also be easier further to the networks recent upgrade.

## How to use Polygonscan to add the Polygon network in MetaMask

You can also use Polygonscan to connect Polygon to MetaMask by following the instructions below.

1.     Sign in to your online crypto account.

The first step is to ensure that you already have an online crypto account. If this is the case, install the MetaMask browser extension. When the download is finished, the Metamask page will appear, where you can log in to your account.

Click the 'Add Polygon Network' button. Then navigate to https polygonscan.com. Click on the small button with the words 'Add Polygon Network' at the bottom of the page.
 
2.     Join MetaMask and Polygon.

You will be redirected to the MetaMask page after clicking the button. Then press the "Approve" button. You have successfully connected the blockchain network to the online crypto account and will be redirected to the Polygon mainnet shortly.
 
## Is it valuable to get involved with polygonscan? 

Polygonscan comes with a variety of features that makes users' life easier. Getting involved with the block explorer can be beneficial in the long run. 



An ultimate guide to Polygonscan

Telcoin is a blockchain-based, user-owned financial platform that aims to provide all mobile users with access to high-quality but affordable, user-owned financial products. Its primary focus is, however, on the remittance industry.

The platform's components include the TEL token, Telcoin App, TELx, and Rivendell - an Ethereum side chain validated by the Mobile Network Operators, a GSMA member.

## The TEL token

The TEL token is the native token of the platform, and it plays various functions in the [Telcoin](https://www.telco.in/) ecosystem. 
It is a protocol token that can also be used as a medium of exchange and a reserve asset. Its holders can use it to access different financial products supported by the platform.

It's an ERC-20 token with a max supply cap of 100,000,000,000 TEL coins. Currently, there are 61,728,700,558 coins in public circulation.

According to Coinmarketcap, as of writing, each coin goes for the price of $0.001824. The tokens are ranked the 252nd largest cryptocurrencies in the world by market cap.

The TEL tokens are available on several crypto exchanges, including KuCoin, Uniswap, Phemex, and Balancer. The tokens can, however, not be purchased directly with fiat currency. 

You'll first have to buy other crypto coins like [BTC](/coins/btc), or [ETH](/coins/eth), then go to an exchange that lists TEL tokens and use your ETH or BTC to purchase them.

## The app

The [Telcoin App](https://www.telco.in/about-the-telcoin-app) provides users with access to all of Telcoin's products. The app features a fast, affordable remittance portal and a digital wallet on the Polygon Network.

Users can use the app to send, receive, withdraw, and trade various supported digital assets at an affordable fee. Those who wish to send money to friends and family anywhere on the globe can do so through the app at a friendly fee of 2% or less. 

The app currently supports fiat remittance from Canada and the USA to 16 countries, including Bangladesh, Ethiopia, Salvador, Indonesia, Kenya, and Pakistan. It is available for download on Google Play and the App Store.

## TELx

[TELx](https://www.telx.network/) is the decentralized liquidity engine of the Telcoin platform. It's designed to power all services provided on the Telcom platform, including cross-border money transfer and digital asset exchange, without relying on intermediaries. 

The decentralized liquidity network is a new addition to the platform. It launched with two user-owned decentralized products, The SMS network and TELxchange.

The SMS (Send Money Smarter Network) is a user-owned global remittance network, while the TELxchange is a user-owned decentralized digital asset exchange. 

## Rivendell

[Rivendell](https://www.rivendell.network/) is still in development. The Network, an Ethereum side chain, is run, validated, and secured by Mobile Network Operators. Once in operation, it will provide fast, secure, credible neutral transaction settlement for the Telcoin ecosystem.

## Is Telcoin a good investment?

Launched in 2017, Telcoin has been around for a while. So far, the team behind the project has managed to meet all the deadlines set on the project's roadmap.

Since its launch, it has made several strategic partnerships with Telcom operators that have enabled it to solve three major issues facing many crypto projects trust, reach, and Know-Your-Customer (KYC) compliance. The project is here to stay.

Its native token (TEL) continues to perform averagely well in the crypto market. However, the token is not listed on most prominent cryptocurrency exchanges, their trading pairs are limited, and they can't be bought directly with fiat money, which inconveniences many investors.

## Bottom line

The Telcoin platform is an excellent addition to the crypto space considering its features and services. The current Telcoin price provides a good entry point into the crypto space for anyone who doesn't wish to spend or risk a lot in the highly volatile market.



The Telcoin platform and price explained

For those unfamiliar with the NFT industry, the abundance of NFT aggregator options can be overwhelming. 

Icytools's goal is to streamline processes by giving essential data to those who need it immediately and a premium service to those who need to dig a little deeper. So, how do Icytools compare to the other options out there? Let's find out.

## Why would you want to use Icytools?

Icytools is fantastic for tracking the current floor prices, volume, and average sales prices of Ethereum NFT collections and recognising emerging trends. Because of its easy-to-understand data visualisation, the analytics platform is an excellent starting point for newcomers looking to understand the market.

A great place to begin exploring [the NFT market](/news/article/refinable-crypto-explained), Icytools takes a streamlined approach that should please all but the most data-hungry consumers. Although the platform solely supports Ethereum NFTs at the moment, multi-chain functionality is in the works.

Icytools' layout and presentation of information may seem bare at first glance, but this is on purpose, as the app's designed with simplicity and clarity. The design puts the focus squarely on the user and avoids overwhelming them with unnecessary data visualisations.

Users of Icytools can look up portfolio balances for any wallet address, view transaction histories, learn about emerging NFT trends, and more. 

Connecting your wallet gives you access to these primary datasets, but if you want access to more in-depth statistics and analytics, you'll have to pay for the premium version. If you want to learn more about a particular NFT collection, you may do so by clicking on it and gaining access to a range of information, including floor price charts, recent activity, holdings, and more.

Along with the standard data set on the NFT market and collections, it also provides a calendar for tracking upcoming events and an API for programmers.

## Where can I find Icytools?

Go to the [Icytools website](https://icy.tools/), where a "trending" dashboard will greet you.

Icytools' free products are great for novices, but seasoned NFT traders might consider upgrading to the premium plan to access the below features:

• Collecting data in real-time and analysing it retrospectively.

• Contract or wallet-based alerts for floor, mint, and sales.

• Filter by whales and other tags in real-time feeds you create yourself.

• Personalised favourite trackers for easy monitoring.  

Icytools combine three essential functions for users new to NFT investing: monitoring your holdings, analysing the market, and discovering new mints. It's easy to start with the collections, and its clean design makes novice users feel at home.

If you're interested in quickly tracking NFT trends and gaining insight into the performance of your collections, the premium option is worth considering. It strikes a good balance between the simplicity of aggregators aimed at complete newcomers and the power and breadth of tools like Nansen, which are aimed at pros and covers the whole spectrum of the Web 3.0.

Naturally, its full capabilities are only available with a paid subscription. Still, individuals who find they need more than the free edition can try out Icytools for a month to determine if the additional datasets are worth the cost.



Icytools: the ultimate NFT analytics platform

[Nyzo](https://nyzo.io/) is a democratic, open-source, decentralised, and effective blockchain. The system prioritises scalability, and the block time is seven seconds. The project was created entirely from scratch, with completely new coding, with an emphasis on simple and safe usability.

It is an ecosystem that consists of coins and non-fungible tokens. The coin is used to power the ecosystem, and the NFTs are used to represent digital assets stored on the protocal.

The Nyzo blockchain was created to build a more sustainable blockchain ecosystem. The team behind is committed to creating a fair, secure, and transparent platform.

## Consensus model

It is based on a consensus model "proof of diversity.” Proof of diversity necessitates active participation in the form of time and verifier behaviour in the blockchain to impact the system as a whole. The proof-of-diversity blockchain establishes the authoritative form of the blockchain through verification cycles. This is neither proof of work nor proof of stake. It is a new consensus mechanism that draws strength from diversity of participation. While proof-of-diversity has its own concerns that must be addressed in order to ensure the blockchain's integrity, it aims to overcome the problems inherent in [proof-of-work and proof-of-stake](/news/article/pos-vs-pow) systems while remaining efficient.

The NYZO network (Mesh) comprises "verifiers" who verify new blocks every 7 seconds in a circular pattern. The mesh is split into two groups: the "in cycle" and the "queue." Verifiers in the cycle build the actual blockchain network and earn money by verifying blocks in a circular order, while verifiers in the queue wait to join the cycle.

A new verifier is selected to join the cycle after every two full cycles by receiving votes from existing verifiers. This process is completely automated and random, and each verifier has the same chance of joining the cycle. This mechanism ensures the greatest possible diversity.

## Nyzo price

The current price of the coin is $0.022132417070, with a 24-hour trading volume of $25,023.81. In the last 24 hours, the price of has fallen by -4.7%. There are 21 million coins in circulation, with a total supply of 100 million.

The NFT-"Nyzo around the world" has a current floor price of 0.17ETH. 

## Is Nyzo a worthy investment?

The forecast for the coin in 2022 is Bearish, based on multiple [technical quantitative indicators](https://coincodex.com/crypto/nyzo/price-prediction#technical-analysis). This could indicate that the coin can be a risky investment in 2022. According to Nyzo price prediction, the price will rise by 4.33% to $ 0.023112 by August 25, 2022. However, before deciding whether to buy or not, it is critical to consider both technical factors and study the market before investing. 



The ultimate Nyzo blockchain ecosystem guide

Invesco, a global asset management firm, has [launched a $30M Metaverse-focused investment fund](https://www.cryptotimes.io/invesco-launches-multi-million-dollar-metaverse-fund/).
 
Registered in Luxembourg, the Invesco Metaverse Fund has around $30 million in capitalization. The Metaverse is a network of immersive 3D worlds and online communities where people interact using virtual reality headsets and augment reality.
 
The Metaverse fund will be invested in large, medium, and small-cap companies across the Metaverse Value Chain, which "encloses many different interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds."
 
According to Tony Roberts, a fund manager at the investment firm, The interconnectedness of the Metaverse "will probably have a transformational effect across businesses as diverse as healthcare, logistics, education, and sport," noting a PWC December 2020 report that estimates virtual and augmented reality has the potential to add $1.5 trillion to the world economy.
 
Roberts continued, “We will aim to take advantage of these possibilities in a selective, valuation-conscious manner”.

## 7 core investment areas

The Invesco Metaverse Fund is an actively managed fund that will invest in seven key core areas, including:

1)	hardware and devices that provide [Metaverse](/news/article/farming-games-in-metaverse) access
2)	next-generation operating and computer systems
3)	hyper-connected networks
4)	artificial intelligence
5)	blockchain solutions
6)	interchange tools required to achieve system interoperability
7)	Other services and assets that will aid in digitizing the real economy.

All of these areas of focus are envisaged to plug together to form the Metaverse and next generation of the internet, also known as Web 3.
 
 
In March 2019, Invesco launched its first blockchain-related exchange-traded fund (ETF) on the London Stock Exchange. The firm was also actively seeking to launch several Bitcoin-related ETFs in the United States but to no avail.
 
Invesco partnered with crypto indices provider CoinShares in November last year to launch its first European exchange-traded product (ETP) backed by physical Bitcoin.

Fund investing is a great way to get exposure to companies involved in providing the picks and shovels needed to create the Metaverse, and that is where Invesco see’s the market opportunity which will appeal to investors. Just DYOR, check the terms and conditions and trade safely. 


Invesco launches $30M Metaverse fund

An upcoming blockchain technology project, [Block Busters](https://bbtftoken.com/), has been making rounds lately. Reportedly, the company is about to launch its token on 05 August 2022. A few Safemoon investors started the project to help firms transition from web 2.0 to web 3.0. The project is a liquidity injection protocol that allows businesses through tokenization. 

For the last eight days, the project has been trending on Twitter with #BlockBustersTech and is making waves in the DeFi space. The unique thing about its hype is that the project did not have a prior reputation. However, it recently carried out a successful presale for the BBTF token and is now looking forward to the ‘big launch. 

## How does the Block Busters protocol function?

Block Busters claim to have a complex and innovative protocol functioning that makes [web 3.0](/articles/learn-moni/web-3.0-crypto) transitioning relatively straightforward. Its methodology applies a 16% tax on all transactions within the system. A part of this tax is used for different purposes like rewards, reflections, and automated liquidity. 

This DeFi infrastructure is completely tokenized, which makes smart contracts more innovative. Besides, its reward mechanism includes both internal and compounded rewards. For this reason, there are a total of 8 different reflected tokens in the system. That’s why as a BBTF token holder, you have an excellent opportunity to make a passive income.

![block busters tech.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/block_busters_tech_2c8e33ff8a.png)
 
Source: (BBFT, 2022)

## Will Block Busters live up to its hype?

Block Busters’ protocol looks quite promising as it provides excellent incentives while maintaining the security of smart contracts. Moreover, the project has a team of over ten people, which adds to its credibility. On the other hand, they are also working on several innovations in the ecosystem. In the future, we might see innovations like a transaction viewing platform, smart contract development, DEX platform, and other NFT and Metaverse utilities. 

Though there is great potential, projects running on incentives are always risky. Recently, as such projects are crashing like the house of cards, it is better to conduct proper research by thoroughly reading its whitepaper and information on the website.






Block Busters Tech: Is it worth the hype?

Confused by cryptocurrency tech? You need a Blockchain for Dummies guide.
The way blockchain records data makes it difficult or impossible to hack, change, or cheat the system. The decentralised database, controlled by various participants, is known as Distributed Ledger Technology (DLT). 

It is a distributed digital log of transactions that is duplicated and distributed throughout the blockchain's entire network of computer systems. Every transaction is recorded in every participant's ledger, and each block in the chain comprises numerous transactions. The block of data keeps any information needed, including what, when, who, where, the cost involved, the state of a shipment, and variables such as the temperature.

As an asset proceeds between locations or the owner changes, the respective blocks form a data chain. The blocks confirm the order and time of transactions, and they are firmly tied together to stop any block from being changed or placed between the two current blocks.  

All network participants can access the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded just once, reducing the duplication of effort that is frequent in traditional commercial networks.
Each additional block strengthens the previous block's verification and thus the entire blockchain. This makes the blockchain tamper-evident, providing the critical strength of immutability.  

This removes the risk of bad actor manipulation — and establishes a trustworthy record of transactions for you and other network users.  

No participant may edit or tamper with a transaction after it has been logged into the shared ledger. If a transaction record contains a mistake, a new transaction must be recorded to remedy the issue, and both transactions are then visible.  
This implies that if one block in a chain is altered, it is evident that it has been tampered with. Hackers would need to modify every block in the chain across all distributed copies of the chain to destroy a blockchain system. 

A smart contract is a compilation of rules stored on the blockchain and carried out automatically to quicken the speed of transactions. A smart contract can specify the terms of corporate bond transfers and the payment of travel insurance, among other things. Blockchains are distributed ledger systems that record transactions with an immutable cryptographic signature known as a hash. 

Continuing our blockchain for dummies guide, let us remind you that blockchains are constantly expanding as new blocks are added to the chain, increasing the ledger's security.  

The overarching issue is trust. How can we believe that if someone establishes new money called the Y dollar, they will not award themselves millions of Y dollars or perhaps take your Y dollars? 

It was this issue that [Bitcoin](/coins/btc) was created to address, using a special database known as a blockchain. Most conventional databases, such as SQL databases, have someone in charge who can update the entries. Blockchain is unique because no one is in control; it is run by the individuals who utilise it. Furthermore, Bitcoins cannot be counterfeit, hacked, or double-spent — thus, anyone who holds this money may be confident that it has some worth.  
 
A blockchain network can track orders, payments, accounts, production, and other things. And, since members share a single view of the truth, you can see all the complexities of a transaction, giving you greater confidence as well as new efficiencies and opportunities. 

## Benefits of Blockchain for Dummies? 

Currently, operations frequently waste time and resources on duplicate record keeping and third-party validations. Fraud and cyberattacks can exploit record-keeping systems. A lack of transparency can slow data verification. And since the introduction of IoT, transaction volumes have surged. All of this slows commerce, depletes the bottom line, and suggests that a different method is required. Here comes blockchain.  
 
## Trust  

You may be sure that as a member of a members-only network, you are receiving accurate and timely data, and that your confidential blockchain records will be shared only with members of the network to whom you have authorised access.  
 
## Security  

Because confirmed transactions are permanently stored, all network participants must agree on data veracity. Nobody, not even the system administrator, can erase a transaction. 

## Increased Efficiencies  

Time-consuming record reconciliations are removed with a distributed ledger shared across network participants. A collection of rules, known as a smart contract, may also be placed on the blockchain and implemented automatically to speed up transactions. 

## Types of Blockchain Networks for Dummies
 
### Blockchain public networks  

A public blockchain is one that anybody may join and participate in. Bitcoin is an example. Significant processing power may be required, as well as little or no transaction privacy and inadequate security. These are critical concerns for the application of blockchain in the corporate world.
 
### Blockchain private networks  

Like a public blockchain network, a private blockchain network is a decentralised peer-to-peer network. A single organisation governs the network, controlling who may participate, implements a consensus procedure, and maintains the shared ledger. Depending on the application, this can increase participant trust and confidence. A private blockchain can be hosted on-premises or behind a corporate security system.
 
### Blockchain networks with permissions  

Businesses that create a private blockchain create a permissioned blockchain network. It is worth noting that public blockchain networks may be permissioned as well. This limits who is permitted to join the network and what transactions are made. To participate, you must have an invitation or permission

### Blockchain consortiums  

The upkeep of a blockchain may be shared across many companies. These pre-selected organisations control who may submit transactions and access data. A consortium blockchain is appropriate for business circumstances where all stakeholders must be approved and share ownership of the blockchain.
 
### Blockchain Security for Dummies  

When developing an enterprise blockchain application, it is critical to have a complete security plan that employs cybersecurity frameworks, assurance services, and best practices to decrease the risk of attacks and fraud.  
 
While blockchain technology creates a tamper-proof transaction ledger, blockchain networks are vulnerable to cyberattacks and fraud. Those with malicious intent can exploit known weaknesses in blockchain technology and have been successful in various hacks and frauds throughout the years. Here are a couple of such examples:
 
### Exploitation of code  

Through code exploitation, the Decentralised Autonomous Organisation (DAO), a venture capital fund based on a decentralised blockchain inspired by Bitcoin, was plundered of more than USD 60 million in ether digital currency – almost one-third of its value.
 
### Keys stolen  

The loss of roughly USD 73 million in client Bitcoins from Hong Kong-based [Bitfinex](https://www.bitfinex.com/), one of the world's largest cryptocurrency exchanges, revealed that the currency remains a substantial danger. The reason was the theft of private keys, which are personal digital signatures.
 
### Employee computer hacked 

When Bithumb, one of the major Ethereum and Bitcoin cryptocurrency exchanges, was recently attacked, hackers accessed the data of 30,000 customers and stole USD 870,000 in Bitcoin. Even though it was an employee's PC that was hacked rather than the main servers, the incident prompted concerns about general security.

When creating a private blockchain, ensure it is implemented in a secure, robust architecture. Poorly chosen underlying technology for company goals and operations might expose data to security threats due to vulnerabilities. 
Consider the dangers to business and governance. Financial repercussions, reputational considerations, and regulatory hazards are all examples of business risks. Governance issues stem from the decentralised nature of blockchain systems, which necessitate strict controls over decision criteria, governing policies, identification, and access management. 
 
Understanding and controlling blockchain network risks are important to blockchain security. A blockchain security model comprises the strategy to deploy security to these controls. Create a blockchain security model to verify that all security safeguards for your blockchain solutions are in place. 

Administrators must create a risk model that addresses all business, governance, technological, and process concerns to execute a blockchain solution security model. They must next assess the dangers to the blockchain solution and develop a threat model. Then, administrators must create the security measures that will reduce the risks and threats based on the three categories listed below:  

Implement blockchain-specific security mechanisms.  
Use standard security controls.  
Implement blockchain business controls. 
How Does Blockchain Operate in the Business World?  
Blockchain for business is useful for entities that do transactions with one another. Permissioned users may access the same information simultaneously using distributed ledger technology, improving efficiency, removing friction, and building trust. Blockchain technology can also enable a solution to grow and scale quickly. Many solutions can be customised to do many jobs across sectors.  
 
## What Role Does Blockchain Play in Environmental Protection?  

Blockchain technology may enable new change models, expand knowledge, and assist social groups in creating common systems of record that meet the needs of corporate donors. Blockchain guarantees that production processes and environmental effects may be recorded, audited, and reported. 

So, to summarise for dummies, blockchain technology enables operational, regulatory, increased visibility, and traceability verification efficiencies. This technology also functions as a robust database that can be readily coupled with big data. Blockchain has the potential to reduce costs and make many services more competitive.
 
 
 



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