Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector. In its primary showcase of utility, the project constructed a decentralized application (DApp) —accessible on both the Ethereum and testnet blockchains — which enables DeFi participants to access stock trading data from some of the world’s largest financial marketplaces, including the Nasdaq, New York Stock Exchange (NY and Hong Kong Stock Exchange (HKEX). With the introduction of these services, decentralized data sharing network Measurable aims to advance the …
Amid ongoing concerns over Bitcoin’s carbon footprint, the United Nations has said that cryptocurrency’s underlying technology has massive potential for fixing global issues such as climate change. The U.N. will keep exploring the uses of blockchain technology as a way to fight the climate crisis and help reach a more sustainable global economy, according to an article published on the official U.N. website on Sunday. U.N. experts are confident that “cryptocurrencies and the technology that powers them can play an important role in sustainable development, and actually improving our stewardship of the environment.” Specifically, the article points out a number …
Every week sears a new image of climate change into our collective consciousness. A few decades ago, we heard about ozone holes and ice melting at slightly higher rates than anticipated. Today, the reminders of climate change are more visceral and immediate: California’s hills and forests burn, Venice’s city council chamber floods, and Iceland holds a funeral for a glacier. The United Nations held a global Climate Summit at the end of September last year, though there were real disappointments — with the United States notable for its silence. Political and business leaders alike agreed that more needed to be …
In an announcement Friday morning, the University of Cambridge announced it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that purchasers of carbon credits will be able to securely and directly fund NbS projects through the platform. The initiative, known as the Cambridge Centre for Carbon Credits, or 4C, is based in the Department of Computer Science and Technology and the Conservation Research Institute. Scientists and researchers will build the …
Nonfungible tokens (NFTs) are no longer the buzzword in the world of crypto and blockchain but instead have become an integral part of blockchain technology services. As the popularity of NFTs soared, so has the conversation around using NFTs to make a difference and giving back to the communities that need it most. The use cases for NFTs expand if we can attach them to tangible outcomes. As collectors connect further with the causes behind some of the most fascinating NFT projects, they become more engaged, increasing the value of the NFTs. Using NFTs for social good The growth in …