Crypto nieuws

Celsius Network to Manage Funds for United Nations Initiative

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The Celsius Network has become a founding member of the SDG Impact Fund within the United Nations’ Sustainable Development Goals initiative.

Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations Sustainable Development Goals initiative, according to a press release published September 21.

The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.It addresses global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, and peace and justice. The initiative aims to achieve a series of targets by 2030.

Per the announcement, the SDG Impact Fund will be launched by financial services firm Fifth Element with the aim to raise several hundred million dollars and deploy them in both fiat and digital format using a public blockchain. The fund will purportedly be the first to accept and operate all forms of crypto and digital assets in compliance with the UN Sustainable Development Goals.

Within the partnership with Fifth Element, Celsius Network is reportedly looking to “bring power back to the peopleby providing banking services typically reserved for top tier asset owners. Celsius CEO Alex Mashinsky said thatby offering earned interest rates up to 7.1 percent, we allow individuals to make the same passive income Wall Street has been making for years.Scott Stornetta, adviser to Celsius, commented:

“We see a great opportunity to use this technology to deliver the value collected by different U.N. organizations in a more precise and effective way to the people and organizations that need it most.

In February the United Nations International Children’s Emergency Fund (UNICEF) embraced cryptocurrency by starting a charity drive for Syrian children, asking PC gamers to use their computers to mine Ethereum (ETH) and donate their earnings. Later in April, UNICEF Australia also aangekondigd an initiative that allows users to give their computer’s processing power to mine cryptocurrency for charity.

Huis Crypto nieuws World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection
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World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection
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World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection

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The World Economic Forum has outlined more than 65 blockchain use cases for environmental protection in a recent report.

The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressingenvironmental challenges, in a report published September 14.

In the report, titled “Building Block(chain)s for a Better Planet,” the Zwitserland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges.

The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value and natural capital, outlining more efficient and cleaner decentralized systems, and others.

In addition to the potential for improving existing processes, the report also mentions the possibility of introducing completely new blockchain solutionsso-called “game changers” – that are expected to completely transform the way major environmental issues are managed.

These “game changersinclude “see throughsupply chains, decentralized energy and water management systems, sustainable fundraising sources, carbon markets, and others.

According to the report, the next important step in introducing blockchain applications for environmental protection is the establishment a “responsibleand “globalblockchain ecosystem, as opposed to funding specific, separate projects.

In conclusion, the WEF also pinpointed the problem of excessive use of blockchain caused by the hype around the industry.

To solve this issue, the organization has suggested three major questions to be considered as a starting point for any blockchain-related initiative: can the technology solve a specific problem, can the risks of unintended consequences be managed acceptably, and whether a functioning ecosystem of stakeholders is available.

On September 13, the WEF published a joint report that has estimated that the distributed ledger technology (DLT) could add $1 trillion to the volume of global trade over the next ten years. The report also argued that the embracement of the technology by major governments, including the member-states of the European Union, is “unavoidable.

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