This year is almost done and it already proved to us the continuous growth of digital currency adoption. We have seen a great acceptance of advanced payment and transaction methods. One thing we can say that contributes to it is the ongoing pandemic that we are facing since this adoption will help to lessen direct contact transactions. It also showed us how efficient digital transaction is with a faster and a safer way while reducing transaction time and cost. In the coming months or years, we will see wider adoption of this digital innovation and stablecoin not only from enterprises but also from the people who will use and benefit from it.

Now that we are getting ready with this innovation, digital stablecoin is also expanding. Blockchain technology plays a big role in order to make this happen and grow. Now, the first digital Canadian dollar stablecoin is also set to adopt and implement Algorand infrastructure in its ecosystem.

About QCAD

Let us first get to know the first mass-market Canadian dollar stablecoin, QCAD. QCAD is issued and managed by Stablecorp, a partnership between 3iQ and Mavennet that aims to build leading stablecoins that can dependably power a digital world.

QCAD was originally launched on Ethereum and is the first fully- compliant, mass-market CAD stablecoin that is supported by over 22 several ecosystem partners which include exchanges, custodians, payment providers, DEXs, etc. Through the implementation of the Algorand, it will give more opportunities to achieve mainstream use cases with higher-throughout and faster transaction speeds.

QCAD has the following key features:

Stable and Flexible - QCAD is a stablecoin that has a value of 1 Canadian dollar per every 1 QCAD. With its flexibility, it allows you to enjoy the full benefits of seamless settlement and full traceability.

Trusted Transparency - The firm assure to maintain the balance of its value in circulation that is published monthly and attested to by a third party.

Comprehensive Compliance - It implements rigid compliance policies, and requires a thorough onboarding measure by its authorized dealers.

Full Crypto Compatibility - It is compatible with the majority of cryptocurrency wallets and infrastructure around the world.

"As we begin to expand the use cases that will begin to bring wider adoption of QCAD, it is critical for us to have a robust and secure high throughput infrastructure, we believe leveraging Algorand's blockchain and its growing ecosystem will help us explore and scale new enterprise and consumer implementations." Said the CEO of Stablecorp, Jean Deagagne.

About Algorand

Algorand is the world's first open-source, permissionless, pure proof-of-stake blockchain protocol that removes barriers that hinder the mainstream adoption of blockchain. It empowers the Defi evolution by opening various opportunities to projects that aim to create and exchange value, build financial tools and services, bring assets on-chain, and provide responsible privacy models that will help in the growth of the Algorand ecosystem.

It is not the first stablecoin to issue on the network since they already have Circle's USDC and Tether's USDT. However, it will be the first non-USD backed stablecoin on the Algorand. With the recent partnership of Stablecorp with Algorand, they will be launching their digital asset on the Algorand blockchain. Stablecorp is part and a recipient of the Algorand Foundation Grants Program that strengthens and extends its mission for the borderless economy. The role of Algorand is that it will provide instant confirmation, micropayments, and automatic wallet support for the newly supported QCAD token. It will also enable the first synthetic-FX trading pair between a US dollar stablecoin and a Canadian dollar stablecoin on Algorand.

If you are interested to submit an application or to learn about the Algorand Foundation Grant Program you can check this: Grant Program

"The global scale and speed of the Algorand protocol will enable the high transaction volumes that will facilitate new and innovative consumer innovation using QCAD." According to the CEO of Algorand Foundation, Sean Lee.

Algorand, together with their hardworking team will provide technology that will improve the future economy to remove friction from any exchanges of value. The Algorand blockchain ensures scalability, security, and decentralization that makes it an ideal platform for a high volume stablecoin. The Algorand blockchain mechanism can guarantee a transaction finality that leaves great confidence in everyone involved in the transaction.





For more information, you can check this link below:
Reference 1

Are you familiar with the future payment industry thru the collaboration of Official Monetary & Financial Institutions Forum and Digital Monetary Institute? If not then let me discuss to you some important details and the contribution that the Algorand will do to the Newly Introduced Payment Report.

Last December 16, 2020 the Algorand create a blog that tackles about the “Future of Payment” that is known as the landmark report for OMFIF, coming at the end of a year they launched their Digital Monetary Institute (DMI). The Digital Monetary Institute (DMI) is made to be bring together the policy-makers, technologist, financiers and regulators to explore the opportunities of digital finance. The Future Payment Reports shows how the payments can be integral to all our lives and also the area of financial services that is mostly ready for transformation. The blog also highlighted that “The Future Payment is here” that made all of us aware that the Algorand is one of growing and well establish blockchain this year.

Creating a Future Payment means a lot to many people since new technology affects the payments that is resulting to be extensively transformed payments. Various kinds of disposition appeared especially on how we will compensate for the goods and services that is progressively evolving over the past 50 years. Many service providers like Visa and Mastercard became the accent of our daily life. The Algorand discover the PayPal, Apple Pay and Alipay, and they also determine that mobile phones are really relevant to use in many shops. Since the standard mode of payment is rapidly changing, all of the infrastructures will also need to adapted and developed around it.

About Contribution of Algorand

The Algorand contribute multiple tactic that made the “Future Payment Report” to be successful it is when the legacy financial system lacks the tool to advance global payments. The Chief Executive Officer of Algorand Blockchain, Mr. Steve Kokinos resolve the certain problem.

Since the economy is functioning on a more complex systems that might be one of the certain challenges and yet opportunities when it comes to payment services for the consumers, businesses, governments and financial markets. Legacy financial systems do not have the efficiency, trust or accessibility needed to advance global payments.

The Algorand solve this by bringing trust to diversely deceiving systems and just to guaranty that the public blockchains will operate as a reliable, programmable systems, the blockchain will require transparency, compliance and security. First the consumers must be able to instantly see transaction settlement, businesses need to view records and calculate figures easily, and lastly the regulators needs to offer compliance measures. The advanced capabilities must allow the producer to directly include third-party regulators in their compliance operations without demanding them to be engage into the general management of issued assets. Also the blockchains needs to provide the highest degree of security through programmable consumer that controls to protect the users and secure a decentralized network of nodes.

To be certainly scalable, secure and support a billions of users, a foundational blockchain protocol needs to prepare all forms of exchange running at the full speed of the network. This will be critical for global payments as well as to the creation of complex financial products. To make this possible an application of Layer-1 or core technology is a must rather than something built on top of it. In short  Algorand enables the development of a wide range of scalable, secure and compliant applicationsthat will result to power frictionless financial exchange. The advanced smart contracts like for those available on Algorand can enable programmable money by automatically executing transactions using code stored on the blockchain when agreement terms is happening. As an essential blockchain functionality that allows frictionless transaction methods, smart contracts wil give its end-users more control with fewer intermediaries. This new way of handling payments and sophisticated transactions paves the way for truly peer-to-peer transactions and more financial inclusion. It will eliminate the friction from financial exchange, providing more efficient and accessible ways of transacting between any party. Blockchain offers a completely different way to organize and manage payment systems. It provides real-time, cross-border payments worldwide and even new ways to store value. A platform like Algorand that is paired with fintech’s latest developments and simplified developer toolkits has the potential to take the lead in the race for payments innovation. You can read the whole  statement into the downloadable report that is placed within their blog.

About OMFIF

Official Monetary and Financial Institutions Forum(OMFIF) is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for public and private sector engagement worldwide.  With teams in London, Singapore and the US, OMFIF focuses on global policy and investment themes relating to central banks, sovereign funds, pension funds, regulators and treasuries.

About DMI

Digital Monetary Institute (DMI) is a high-level community which convenes policy-makers, technologists, financiers and regulators to explore the challenges and opportunities of digital finance. The principal focus is on payments instruments in wholesale and retail markets, with central bank digital currency being of particular interest. This builds on OMFIF research in the field, including a major survey on trust in monetary institutions which found that central banks were the most trusted institutions to issue digital currency.

About Algorand

Algorand Blockchain built the world's first open-source and pure proof-of-stake blockchain protocol for the next generation of financial products. Algorand is dedicated to remove the friction from financial exchange, powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models. Algorand was once again proposed an upgrade major protocol which leads to significantly expands the range of decentralized applications (dApps). That certain DeFi solutions and processes can be built on the Algorand platform. The entire new suite of features that is built directly into Layer-1, enterprise-scale distributed apps can be created without sacrificing performance or security. If you want to know more go to Algorand.






Reference:
Reference 1, Reference 2, Reference 3, Reference 4, Reference 5

The human population is rapidly increasing each year. And the more people are living on earth, the more we also contribute to the increase in the carbon footprint we produce in almost everything we do. We contribute to it by simply consuming electricity at our houses, to driving outside using our vehicles. Imagine all of the houses around the world who are using electricity, even those businesses or companies that use a huge amount of electricity. This leads to a wider environmental problem that can also affect our ways of living and our health.

To give an insight, let us first discuss carbon footprint. According to an article by Takepart, it is the number of greenhouse gases (mostly carbon dioxide) that we release into the atmosphere through various activities that humans do every day. It is also usually measured as tons of CO2 emitted per year.

So, what can we do to reduce our carbon footprint?

There are several ways we can do as an individual. We can start by conserving electricity consumption in our houses, lessening the use of private vehicles when going somewhere near, finding alternatives that use lesser electricity, and many more. There is also one thing to mention where big companies can reduce their carbon footprint and help the environment, it is called carbon offsetting. The carbon offsetting allows companies to purchase carbon credit on a certain project where the funds will be used to help the environment. Take note that carbon offsetting is not only limited to companies because individuals can also purchase their carbon credits.

Now to make carbon offsetting a little innovative, blockchain technology can also play a role in this kind of environmental project. Climatetrade is a blockchain-based marketplace that offers carbon offsetting. Their goal is to let companies achieve carbon neutrality with their services. It allows companies to offset their carbon footprint where they can select their desired credits from the project portfolio of Climatetrade.

Climatetrade also recently announced its partnership with Algorand, as well as the investment from Borderless Capital to support its strategic plan and expansion goals. With the investment of Borderless Capital, it will help Climatetrade to open markets in the United States. As this project expands, more companies can start offsetting their carbon footprint. And through Algorand, it will be the primary infrastructure layer that the Climatetrade and their customers will be using. Blockchain technology can give these important factors:

• Transparency - A public blockchain enables great transparency as every transaction recorded on the blockchain will be visible to anyone who has access to the system.
• Fast - One key factor of Blockchain is its fast transaction and even for the cancellation of carbon credits.
• Cost Reduction - Unlike in the traditional system, this removes the inclusion of the third parties that also reduces the transaction cost.

"After analyzing several technology providers and rigorous due diligence, we chose Algorand as the blockchain infrastructure to power our platform. We have no doubt, Algorand is the perfect solution due to its flexible architecture, low transaction fees, and scalability of transactional performance. In addition, they are the only pure proof-of-stake (PPoS) network and we have an aligned business vision," said the CEO of Climatetrade, Francisco Benedito.

As we become more reliant on technology to make things easier for us, we cannot help but use more electricity, or even fuels that contribute to greenhouse gases. It is our responsibility since we are living on earth to protect our environment. The best thing we can do to protect the environment is to maximize the resources we have, and that could also be through the use of technology. And this carbon offsetting service provided by Climatetrade with the help of Algorand and Borderless Capital is a great opportunity for us to protect the environment.

Algorand

Algorand blockchain is the world's first permissionless Pure Proof of Stake mechanism that removed the barrier to achieve mainstream mass adoption of blockchain that is scalable, secured, and decentralized. With the hard-working team of Algorand, they are continuously developing and opening more opportunities for projects that show innovation and great application to achieve a borderless economy.

Borderless Capital

Borderless Capital is a cutting-edge financial institution investing capital and co-building financial products that accelerate access, bootstrap adoption, and make worldwide value through the Algorand Borderless Economy.





Reference:
Reference 1

Have you ever wonder what are the significant improvements that the partnership of Algorand and VeriTX will brought to their Aerospace Manufacturing. Does building a digital marketplace for aircraft parts is worth it?

It all started when an F-15 Eagle fighter needed a metal part so its commanders turned to VeriTX’s virtual marketplace, where they were able to find a nearby supplier that could make it on a 3D printer and deliver it within six hours. While using an old printed catalog system it would take them a 265 days before they make the jet flying again.

Just recently the VeriTX Corp, a trusted marketplace for digital assets that enables decentralized manufacturing, made an announcement last October 22 that they will develop a digital supply chain for aircraft parts using the Algorand blockchain technology. The VeriTX digital marketplace allows customers such as the Department of Defense and commercial airlines to save significant time and money for manufacturing their aircraft parts, while also gaining valuable economic and logistical data that can be used to maximize efficiency.

Building on Algorand’s public, pure proof-of-stake blockchain enables the additional benefits of tracking the parts from order to delivery on an immutable distributed ledger, while also verifying the authenticity of parts.This mitigates the$3-billion problem of counterfeit parts. Col James Allen Regenor, USAF (ret) and also the VeriTX CEO stated that,

“We chose Algorand as the blockchain infrastructure to power our platform, after looking at several technology providers and rigorous due diligence” he also added “Algorand was the ideal solution to onboard our ecosystem partners to the network, because of its flexible architecture, low transaction fees and transactional throughput scalability.”

According to Sean Ford the COO of Algorand, he commented on the partnership by stating that, “What VeriTX is doing—removing friction from transactions—is Algorand’s primary mission. VeriTX is applying the technology in a very tangible way that showcases the power of blockchain to reinvent established industries like manufacturing in a decentralized manner,” said by Ford “Taking out the middleman, VeriTX is connecting buyers and sellers directly to maximize efficiency and actively reshape the future of manufacturing.” 

To rake note aerospace is the first vertical industry to deploy the VeriTX platform, with medical and industrial markets to follow. Up until now the aerospace manufacturing worked like it did in the 80s, with parts being ordered from printed catalogs via fax and phone. Since claims that its new blockchain-based marketplace dramatically cuts the delivery time and cost of aircraft parts for its customers. They are planning to digitize and decentralize the parts manufacturing process by breaking it down into four steps:

• Sellers design parts digitally. This includes the idea, prototype and final design of parts ranging from traditionally forged metal engine parts to polymer-molded interior parts used in aircraft cabins.
• Sellers upload parts on VeriTX platform. All the necessary information such as pricing, specifications, and provenance is included.
• Buyers purchase digital parts. The platform enables the exchange of digital assets, which will eventually become tangible in the last step.
• Push to point-of-use, then 3D print. For those who do not have 3D printing machines, VertiTX has machine partners who can print the parts and have them ready for pick-up or delivery.

About Algorand

Algorand is one of a number of newer projects seeking to expand the possible use cases for cryptocurrency by accelerating transaction speeds and reducing the time it takes transactions to be deemed final on its network.Algorand seeks to achieve these attributes through decisions that deviate from how cryptocurrencies have traditionally been designed.the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction from financial exchange, Algorand Inc. is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain and providing responsible privacy models.

About VeriTX

VeriTX is a trusted digital commerce marketplace for buying and selling digital and physical assets, and maintaining trusted maintenance and lease records. Veritx is committed to deliver value to our customers and partners, invest in our employees and support our communities, deal ethically with our suppliers, customers, and partners.





Reference:
Reference 1, Reference 2

The Algorand has always been so committed to developing and innovating to show the public about decentralization and how it can help them while adopting the new technology. One of the things they do is to open opportunities to other projects, businesses, and people to provide more real use case applications. They do it by partnering or helping other projects who shares the same goal with the Algorand and to empower decentralization in the current and future generation.

One of the latest programs of the Algorand Foundation is the Algorand Europe Accelerator. Just this month of October, they launched this program with the partnership with Borderless Capital and Eterna Capital. This primary intends to help startups and projects to encourage the development and innovation of blockchain to be adopted in their nature. It allows more opportunities for projects while enabling them to build applications on the Algorand platform.

It is not their first time to launch a similar program because just months ago, they also started this program focusing on Asia with "Algorand Asia Accelerator." With the same objectives, this is for developers and entrepreneurs wanting to create decentralized applications allowing them to build on Algorand. Algorand Europe Accelerator encourages blockchain advancement in particular synergy with finance 3.0 and beyond, engaging projects to build, develop, and strengthen financial innovations in the Algorand ecosystem.

"Europe is crucial for Algorand’s growth, and London is an important startup hub and a crucial financial center.” said the Chief Economist of the Algorand Foundation, Massimo Morini.

The Algorand Europe accelerator is looking for projects for this program. The application is currently open until December 18, 2020, where selected projects will receive an initial $15,000 upfront seed amount from Borderless Capital that may be followed by an additional investment up to $500,000 from both Borderless Capital and Eterna Capital if it shows success in the project. This 12-week program, the Algorand Europe Accelerator will support and help the projects that were selected even with the go-to-market execution, marketing, fundraising, token economics, and subject matter guidance across technological mentorship. They have numerous mentors in various fields and disciplines that will help both Algorand Europe Accelerator and the selected projects to receive advice based on business needs. They include Adi Sideman, Co-Founder at Props, Carlos Domingo, Founder and CEO at Securitize, Adrian Uberto, Managing Partner at Coinlist, Pasquale Tuosto, Director of New Business Ventures at Generali, Tim Boeckmann, Business Developer at Amazon Web Services, as well as Chen Li, CEO at Youbi Capital.

"Algorand has built a technology that enables frictionless finance. This is making the financial world more inclusive and secure. We are very excited to now launch a European hub that will support bold entrepreneurs interested in leveraging this cutting-edge technology." according to a partner at Eterna Capital, Andrea Bonaceto.

The Algorand Foundation

The Algorand Foundation is an organization that aims for a borderless, frictionless economy built on decentralized blockchain technology that lets applications to be developed on the Algorand, strengthening the community of Algorand and the adoption of decentralization. Their vision is to provide financial inclusivity for everyone using a trusted, public, and permissionless infrastructure without the need for central parties. 

Borderless Capital

Borderless Capital is a cutting-edge financial institution investing capital and co-building financial products that accelerate access, bootstrap adoption, and make worldwide value through the Algorand Borderless Economy. Together with Algorand Foundation and regional accelerator partners, they will support entrepreneurs and developers to build applications on the Algorand and will continue launching the regional accelerators in the future.

Eterna Capital

Eterna Capital is a blockchain-focused investment company based in London. They support entrepreneurs that show innovative ideas and development and help them to reach their goals with the new technology. Eterna Capital helps in shaping the future of blockchain technology by assisting them to have access to the market.

With this program and the partnership of the groups behind this, it will give an opportunity for blockchain to be adopted, and the Algorand ecosystem to grow and strengthen, as well as for the startups and projects to innovate. It will be a stepping stone for both sides to achieve their goals and the borderless economy. Now that they are aiming to reach different regions, it will boost the recognition and adoption of blockchain and decentralization in the countries within the region and can continuously spread in other regions in the future for a wider acceptance of decentralization and the borderless economy.




Reference:
Reference 1, Reference 2

A piece of good news to end September and to start the month of October for both Cred and Algorand as they are going to support Algorand and announced strategic initiatives to advance decentralized finance services on the Algorand community.

Algorand, a next-generation blockchain has been actively improving and giving solutions to the barriers that hinder blockchain mainstream adoption. And with its features and innovative technology, it shows a great development for Decentralized Finance which is currently gaining a lot of attention because it has the ability to reshape the current financial system.  But it does not just end there, Algorand is always working on improving the Algorand ecosystem by opening opportunities to other projects that will help and benefit both the Algorand and blockchain ecosystem

Before going farther, I will first introduce who is Cred. Cred is a global financial service platform that offers lending and borrowing services that give credit access anytime and providing it to 183 countries around the world. The former PayPal financial technology veterans based in the San Francisco Bay Area are the ones who founded Cred that intends to unite a diverse team of entrepreneurial pioneers to leverage machine learning and the power of blockchain technology. Learn more about Cred here.

With the strategic investment from Borderless Capital, Cred is ready to enhance its contribution to Algorand and support new product development intended to give its customers several significant yield opportunities. Cred has the ability to generate yield through DeFi and CeFi channels, that will benefit users by acquiring fixed rates of interest at a highly competitive rate over Cred's partner network and can get a significantly higher rate when they stake Cred's LBA token with no minimum account needed while the interest can be paid with own choice of cryptocurrency. In addition to that, they also have plans on supporting USDC and USDT on Algorand.

The Co-Founder and CEO of Cred, Dan Schatt mentioned that “We are delighted to partner with Algorand, a leader in the development of stateless smart contracts and scaleable proof-of-stake consensus,” he also continued, “We look forward to supporting Algotoken holders with a more transparent, equitable set of financial services that leverage Algorand’s best of breed DeFi capabilities and bridge them with powerful CeFi and Fiat services to offer significant yield on assets.”

On the other hand, a brief introduction to Algorand is that they are the world's first open-source, permissionless pure proof of stake blockchain mechanism. With the hard-working team behind the project, they aim to solve notable blockchain trilemma which is decentralization, scalability, and security. They are also empowering DeFi by allowing the creation and exchange of value, building financial tools and services, bringing asset on-chain, and giving responsible privacy models. Learn more about Algorand here.

Borderless Capital also plays a role in this partnership. Borderless Capital is a cutting edge financial institution investing capital and building financial products that accelerate access, bootstrap adoption, and create value all around the world through the Algorand Borderless Economy. Learn more about Borderless Capital here.

Here is what the CEO of Algorand, Steve Kokinos stated, "We are thrilled to have Cred supporting the growing Algorand community with their highly strategic financial services capabilities, joining a growing number of DeFi organizations creating new opportunities on Algorand. The Cred team brings deep expertise across blockchain technology, risk management, capital markets, and compliance to our users," and he also added that "Their top-tier offerings and vision align with our desire to bring sophisticated DeFi applications to the Algorand ecosystem."

Algorand is continuously building and strengthening the community for the borderless economy by working with several projects that will help them grow. And with the newest support from Cred, it is a stepping stone for them to achieve their mission of bringing sophisticated DeFi applications to the ecosystem.

The partnership between Algorand and Cred will allow opening the bridge between Decentralized Finance and the traditional Financial services to provide the best financial services and to offer significant yield on assets. Not only that, but the blockchain technology will also allow Cred to be an open and fair global financial infrastructure related to the mission and goal of Algorand. 

You can also visit their individual official Twitter accounts for more updates.
@Algorand @ihaveCred @borderless_cap




Reference:
Reference 1

Have you always wonder why we often need to show our valid IDs when making transactions or processing important documents? But have you also wonder what could be the effect on the citizens who do not have identification documents?

Identification documents have been necessary records for us since we frequently need them to process information. The first document we acquire when we are born is our birth certificate. And as we grow older, we tend to need more identification documents or cards. These papers are essential for us to receive different benefits from the government. Aside from that, it also prevents corruption because the citizen will give their trust to the government when they receive enough support and security from them. However, most African countries are still struggling to have their valid IDs and other documents, so how can we help them solve it?

According to research, a study by the World Bank's Identification of Development (ID4D), 40% of people in the world who lack ID validation is living in Africa that may result in exclusion. It is also added that they have the lowest birth registration rates. And while the other countries are adopting the digital and innovative system, some African countries have not yet acquired it.

A study mentioned several barriers to why some of these countries are still struggling to have access to the identification system.

• Users find the cost for civil registration and identification as expensive. There is a cost for processing every late birth registration and national IDs, which often cause barriers for the users.
• Complicated legal and administrative procedures are also one of the factors that put the burden on the people.
• Since there is a lack of technological adoption, destruction, and loss of paper documents are also one of the common problems they have. The government or their copies of paper-based documents often get lost due to different instances like natural disasters.
• Geographical challenges are also visible in some African countries. There are ongoing conflicts or some places are hard to access especially in rural areas, and it makes it hard for some citizens to travel from one place to another.
• Not everyone prefers having valid identification cards since they find it not useful because of either belief conflicts or different cultural practices, that is why there is a lack of demand.

Who is FlexFinTx

Back in 2018, Victor Mapunga tried to register a bank account in Zimbabwe but to his shocked, the form he needs to fill is too long that even payslip or proof of residence is required to finish his registration. The country has a 90% unemployment rate who does not have those documents. It might take 48-72 hours before completing the registration and can also take a month for people in rural areas. And this made them create FlexFinTx.

FlexFinTx is a company that created the FlexID, which aims to rebuild the identity of millions of Africans through digital identity. FlexID is a verifiable digital identity built on the Algorand blockchain. Since it is built on a decentralized blockchain, it does not need any central authorities or middleman that allows individual users to have the full control that they can use anytime.

Using FlexID, it will give the benefit of the following:

• It is easy since you can register through their WhatsApp chatbot that will only take a few texts to register.
• It is self-sovereign that gives all control to the users. Even the data will remain secure.
• It ensures the security of their identity since it is backed on the Algorand blockchain.
• It will also help Africans to get access to various industries such as the government, financial institution, health care system, telecom, and even in the agricultural sectors.

The role of Algorand

Algorand is the next-generation blockchain that uses permissionless, and pure proof of stake mechanism. Algorand ensures security, transparency, scalability, and decentralization. With this, data recorded in the blockchain will remain tamper-proof that ensures a more secure database than a centralized entity.

Haardik, the CTO and Co-Founder of FlexFinTx said that “FlexID aims to solve these issues by giving control back to the user, and building out a fully decentralized identity system - made possible only due to blockchain technology. Users will have full control over what data they share and with whom." He also added, “Additionally, there is no central server which stores all the data, thereby increasing the overall security of the system manifold compared to today’s systems. Lastly, it enables organizations to provide a faster, easier, and cheaper service to its users”.

Technological innovation is rapidly growing, yet not every country or everyone can experience the same level of development. There are individuals around the world who are struggling with their daily lives because there are factors that are limiting them for having an alleviated way of living, and one of that is identity.

Most African countries have a lack of identity records that often hinder them from the benefits they should have like healthcare, banking, and insurance system. But with the initiative and creation of FlexFinTx and FlexID, it will help millions of people in Africa to rebuild their identity. The users can gather their credentials even without the internet that will bring awareness, inclusion, technological innovation, and identity to them all at once.




References:
Reference 1, Reference 2, Reference 3

Dahil tayo ay nasa panahon na kung saan ang teknolohiya ay naging isang bahagi na ng ating pang-araw-araw na buhay, nakita din natin ang mabilis na paglaki ng industriya ng gaming sa buong mundo. Maaari kang maglaro ng mga laro mula sa iyong smartphone, computer, at video game console, na ginagawang mas madali para sa lahat na malibang sa pamamagitan ng iba’t-ibang medium. Patuloy ang pagtaas ng katanyagan ng mga laro kahit na magkakaiba ang mga bracket ng edad at kasarian dahil na rin sa pagsasama ng teknolohiya at libangan.

Ang Industriya ng Paglalaro

Ayon sa isang artikulo na nai-post sa Market Realist, ang video game console ay unang ipinakilala sa mundo noong 1970s. At patuloy itong gumaganda dahil sa pag upgrade ng mga graphics na dulot ng pagsulong ng teknolohiya. Sa kasalukuyang mga taon, sinabi ng Microsoft na halos dalawang bilyong ka-tao ang naglalaro sa buong mundo, kabilang ang isang pagtataya ng $ 196 bilyon na kita sa industriya ng gaming.

Ang industriya ng gaming ay isa sa mga mabilis na lumalagong industriya dahil nagpapakita ito ng mahusay na pagbabago sa modernong teknolohiya. Bukod doon, nagbubukas din ito ng mga pagkakataon para sa mga online na kumpetisyon at streaming platform na kumokonekta sa mga manlalaro mula sa iba't ibang mga bansa. Gayunpaman, kahit na sa umuusbong na katanyagan ng industriya ng gaming, maaari pa rin nating makita ang mga kaugnay na mga hamon dito. Karamihan sa mga online na laro ay ganap na sentralisado, na nangangahulugang ang lahat ng kapangyarihan at kontrol ay nasa kamay ng nag-develop o sa kumpanya nito.

Ano ang pagkakaiba sa pagitan ng desentralisado?

Sa pagkamit ng isang desentralisadong platform sa industriya ng gaming, ang teknolohiya ng blockchain ay gaganap ng isang mahalagang papel. Ang Blockchain ay isang pampublikong ledger na binubuo ng mga bloke na konektado sa isang chain. Pinapayagan ng Blockchain ang pagrekord ng data na nananatiling transparent, hindi mababago, at walang mga sentral na awtoridad. Gamit ang bagong teknolohiya ng blockchain, ito ay magpapahintulot sa mga manlalaro na magkaroon ng kontrol at mag may-ari sa asset na nakuha nila sa loob ng laro.

Algorand Blockchain at Blockchain Game Alliance

Ang Algorand ay ang susunod na henerasyon na blockchain na nagbibigay ng desentralisasyon, scalability, at seguridad. Ang Algorand ay hindi kailangan ng pahintulot, at gumagamit ito ng isang pinagsama-samang mekanismo ng Pure Proof of Stake (PPoS) protocol at gumagawa ng paraan para sa isang walang hangganan na ekonomiya.

Kamakailan lamang, ang Algorand ay sumali bilang isang miyembro at sponsor ng Blockchain Game Alliance (BGA). Sa pakikipagtulungan, naniniwala ang Algorand na magbibigay ito ng mga pagkakataon sa industriya ng gaming upang makabuo ng higit na pagtitiwala, transparency, at pagiging kredibilidad sa mga kalahok nito sa pamamagitan ng pagpapabuti ng sektor.

Ang papel ng Algorand blockchain ay magiging kapaki-pakinabang sa industriya ng gaming dahil pinapayagan nito; 1: scalability sa sektor ng gaming, 2: mas mabilis na transaksyon kapag bumili ng mga in-game assets nang walang paglahok ng mga third party o middleman gamit ang cryptocurrency, 3: indibidwal na pagmamay-ari ng in-game assets na nakuha ng mga manlalaro sa laro, 4: kasama ang mga kapantay sa transaksyon ng peer, ang mga manlalaro ay maaaring bumili, magbenta, at ibebenta ang kanilang mga in-game assets sa iba pang mga manlalaro, 5: maiiwasan nito ang mga hacker dahil ang mga hacker ay hindi maaaring sirain ang blockchain, 6: magbigay ng mahusay na seguridad ng laro para sa mga developer at mga manlalaro, 7: Gamit ang desentralisadong laro, ang mga manlalaro ay maaaring ligtas na maiimbak ang kanilang mga in-game assets nang hindi nababahala tungkol sa mga hacker, 8: gamit ang bago at makabagong teknolohiya sa industriya ng gaming, magbubukas ito ng malawak na mga pagkakataon sa merkado para sa parehong mga developer at manlalaro.

Ang kasalukuyang katayuan at hinaharap ng desentralisasyon at blockchain sa industriya ng gaming

Ang desentralisasyon ay hindi pa rin malawak na kinikilala sa industriya ng gaming, kung isasaalang-alang na ang karamihan ng mga laro ay nakatuon pa rin sa sentralidad. Gayunpaman, ang desentralisasyon ay may malaking pagkakataon sa sektor ng gaming dahil nag-aalok ito ng pagsulong at benepisyo para sa mga tao sa nasabing industriya. May mga iilang mga laro na ang nabuo gamit ang teknolohiya ng blockchain na nagpapakita ng hinaharap ng desentralisasyon sa sektor ng gaming.

Kinakailangan pa rin ng oras bago makilala ng mga tao ang layunin at kakayahan ng blockchain sa pagpapabuti ng iba't-ibang mga industriya sa ekonomiya. Pagdating sa malawak na teknolohikal na pagbabago, ang industriya ng gaming ay patuloy na umuunlad mula sa mga online game hanggang sa virtual reality at artipisyal na katalinuhan. Sa tulong ng Algorand at ng pakikipagtulungan nito sa Blockchain Game Alliance (BGA), magtatrabaho sila sa pagbubukas ng maraming mga pagkakataon sa isang bagong paraan na hindi pa ganap na natanto o nakikita  ng mga manlalaro at developer.

Ang Algorand ay isa talagang promising blockchain na patuloy na ipinapakita ang kahalagahan at pagpapaandar nito sa pagpapabuti at pagtulong sa iba't ibang mga industriya sa pag adopt ng isang desentralisadong sistema. Ang Algorand at ang teknolohiya nito ay hindi lamang naglalayong lutasin ang mga hamon sa blockchain, kundi pati na rin ang pagbibigay ng potensyal na pag-unlad sa malawak na sektor ng modernong ekonomiya. Onti-onti na nating nakikita at naiisip ngayon ang hinaharap kung saan ang teknolohiyang blockchain ay malawakang ginagamit sa maraming sektor upang mapagbuti ang ating ekonomiya at ang ating paraan ng pamumuhay.




Other References:
Reference 1, Reference 2