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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 Opublikowany Września 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 ogłosił an initiative that allows users to give their computer’s processing power to mine cryptocurrency for charity.

Strona główna Crypto News Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds
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Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds
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Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds

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New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year.

New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year, according to a press release Opublikowany Września 11.

Juniper’s Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition) found that 65 percent of responding large enterprisesdefined as those who employ a minimum of 10,000 staffare “considering or actively engagedin blockchain deployment, up 11 percent from the corresponding 54 percent figure last year.

Further data analysis shows that nearly a quarter of firms have moved beyond blockchain proofs-of-concept onto trials and commercial rollouts. The potential scope of the technology’s application has also expanded, with only 15 percent of firmsproposed blockchain applications relating to paymentsas compared with 34 percent last year.

The press release notes there has been “significantinterest in fields across logistics, authentication and smart contracts.

Even as Ethereum (ETH) has taken a battering on the spot markets recently, Juniper’s findings also reveal that nearly half of responding firms are planning to harness the platform’s token standardization potential to launch their proprietary dApps (Distributed Applications) on the Ethereum blockchain.

Among firms that had already invested over $100,000 in blockchain indicated they planned to spend “at leastthe same sum in the coming year. Juniper noted that this demonstrates “largely positiveinitial feedback on investment in the technology, sufficient for firms to bolster their existing commitments to pursuing its development.

Juniper research co-author James Moar is however quoted as pointing towards potential challenges posed by integrating blockchain into legacy systems:

“The findings illustrate the need for companies to engage in a prolonged period of parallel running new systems alongside the old, to iron out any issues that might arise.

Interestingly, among the incumbent tech giants, IBM was found to be the most popular company for blockchain solutions – 65 percent of respondents named it as their “go-tochoiceoutstripping rival firm Microsoft by almost 10 times, which scored 7 percent and was ranked second.

A major recent survey by “Big Fourauditor Deloitte found that among businesses faced with implementing legacy-constrained blockchain solutions, 74 percent of all the respondents to the survey said their executive team believes there is a “compelling business casefor their deployment.

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