#DLT platform

[bulksmsraipur]

Is DLT registration mandatory for bulk SMS?

DLT (Distributed Ledger Technology) registration was mandatory for entities sending bulk SMS messages in India. The Telecom Regulatory Authority of India (TRAI) introduced these regulations to curb spam and fraudulent messages and to ensure that bulk SMS messages are sent from legitimate sources.

DLT registration requires businesses and individuals who send bulk SMS messages to register on a DLT platform and undergo Know Your Customer (KYC) verification. Once registered, they receive unique sender IDs, which they must use when sending bulk SMS messages.

It's important to note that regulations and requirements may change over time, so it's crucial to check with the relevant authorities, such as TRAI or the DLT platform providers, for the most up-to-date information on DLT registration for bulk SMS in India. Compliance with these regulations is essential to avoid penalties and ensure the responsible use of bulk SMS messaging services.

#bulk SMS messaging services #DLT platform #TRAI #bulk SMS messages in India #bulk SMS in India #bulk SMS messages #DLT registration #bulk SMS #os_digital #bulk messaging service #bulksmsraipur #voice call #bulk sms service provider #book club #books #bulk sms service provider in jaipur #bulk sms bd #bulk sms provider #bulk sms service #bulk sms gateway #digitalmarketing #bulk sms marketing #socialmediamarketing #emailmarketing #business growth #smm #bookworm #gujarat #lucknow

[smsgatewayhub]

The DLT platform keeps records of all the transactions made by the network participants.

It is mandatory as per the new TRAI regulations. Communication messages like OTP, verification codes, notification, etc sent by businesses to their customers need to be registered in the TRAI DLT platform. Apply Now : https://www.smsgatewayhub.com/dlt-registration

#DLT platform #DLT platform Services #DLT Services #TRAI #TRAI DLT platform.

[cerfsolutions]

Importance of Consent Management Platform for Business

It has been seen with time and again that businesses and their ways of working have kept on changing so as to make best use of advanced technologies of the modern times. In the recent times, the link between the providers and the consumers is much considered a factor and that in order to generate the publicity and sales in business, there exist a number of advanced solutions, one of which might be a Consent Management Platform for Business. This is a tool that makes sure that the consumers are getting all the chance to choose on as to what details to be given and what to be kept covered. They are free to get opinionated for themselves as to which data and information they can afford to let loose and which ones to be held back. This ensures the business procedures to gain transparency about their data of their consumers.

The DLT Consent Management is another similar kind of a tool that makes sure that the consumers are aware of the data and information about them that the companies have to their access. Additionally, a Flash Call Verification system might also help many a time in order to conform the consent if the consumer via a phone call. This keeps the company covered from all sorts of unwanted situation and issues on legitimacy.

#Consent Management Platform for Business #Flash Call Verification #DLT Consent Management

[rhe-toric]

How DLT is Changing the Way We Vote: A Look at Digital Voting Systems

Voting is a fundamental right in democratic societies. However, traditional voting systems have been plagued by issues such as voter fraud, low voter turnout, and long wait times. With the emergence of Distributed Ledger Technology (DLT), also known as blockchain technology, there is a growing interest in digital voting systems. In this blog post, we will explore how DLT is changing the way we vote and the potential benefits and challenges of digital voting systems.

What is DLT?

Before we dive into how DLT is changing the way we vote, let's first define what DLT is. DLT is a type of database distributed across a computer network. Each computer in the network has a copy of the database, and any changes to the database are recorded in a transparent and immutable way. This means that once data is recorded on the blockchain, it cannot be altered or deleted.

How DLT is Changing the Way We Vote

Digital voting systems that utilize DLT have the potential to revolutionize the way we vote. Here are some of the ways that DLT is changing the way we vote:

Increased Transparency and Security

One of the most significant benefits of digital voting systems that use DLT is increased transparency and security. DLT provides a secure and transparent platform for recording and counting votes. Each vote is recorded on the blockchain, and once recorded, it cannot be altered or deleted. This ensures that the voting process is secure and transparent, and it helps prevent voter fraud.

Increased Accessibility

Digital voting systems that use DLT can also increase accessibility. Traditional voting systems often require voters to be physically present at a polling station, which can be challenging for people with disabilities or those who live in remote areas. Digital voting systems can allow voters to cast their votes from anywhere, using a computer or mobile device. This can help increase voter turnout and make it easier for people to exercise their right to vote.

Increased Efficiency

Digital voting systems that use DLT can also increase efficiency. Traditional voting systems can be time-consuming and expensive to administer. Digital voting systems can automate many of the processes involved in voting, such as voter registration, ballot counting, and result reporting. This can help reduce the cost and time required to administer elections.

Potential Challenges

While digital voting systems that use DLT offer many potential benefits, some challenges need to be addressed. Here are some of the potential challenges:

Technical Challenges

Digital voting systems that use DLT require a high level of technical expertise to develop and maintain. This can be a challenge for some election authorities, especially those in developing countries or those with limited resources.

Security Concerns

While DLT provides a secure platform for recording and counting votes, there are still security concerns that need to be addressed. Hackers could potentially compromise the voting system, which could lead to voter fraud or other security breaches.

Privacy Concerns

Digital voting systems that use DLT also raise privacy concerns. Voters must be assured that their votes are anonymous and that their personal information is protected.

Conclusion

Digital voting systems that use DLT have the potential to revolutionize the way we vote. They offer increased transparency, security, accessibility, and efficiency. However, there are also potential challenges that need to be addressed. As DLT continues to evolve, we can expect to see more innovative digital voting systems emerge in the future.

#vote #pls vote #democracy #DLT #blockchain #BlockchainTechnology #digitalvoting #transparency #security #accesibility #efficiency #voterfraud #privacy #technical analysis #electionadminstration #turkey #general election #turkey2023generalelection

[naturalrights-retard]

Individual CBDCs are coming together through interoperability. Now, the International Monetary Fund has introduced the Unicoin that may be the “master” key to the rest of CBDCs. CBDCs may still transfer peer-to-peer with other CBDCs but Unicoin could provide temporary and stable storage space when necessary.⁃ TN Editor

During last week’s International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced the launch of an international central bank digital currency (CBDC) known as the Universal Monetary Unit (UMU), which is symbolized by the ANSI Character Ü.

According to a press release announcing the new currency, UMU, also known as Unicoin, is a legal money commodity that can transact in any legal tender settlement currency and functions like a CBDC to enforce banking regulations and “protect the financial integrity of the international banking system.”

UMU “adopts a central banking monetary policy framework to ensure it has continuous purchasing demand, minimal price volatility, and annual asset pricing targets,” the announcement said.

Banks will be able to utilize the new currency by attaching SWIFT Codes and bank accounts to a UMU digital currency wallet. This enables them to conduct SWIFT-like cross-border payments entirely over digital currency rails, accessing the best-priced wholesale FX rates and achieving instantaneous, real-time settlement while bypassing the correspondent banking system.

“Cross-border payments can be slow, expensive, and risky,” said Tobias Adrian, Financial Counsellor at the International Monetary Fund. “In today’s world of payments, counterparties in different jurisdictions rely on costly trusted relationships to offset the lack of a common settlement asset together with common rules and governance. But imagine if a multilateral platform existed that could improve cross-border payments—at the same time transforming foreign exchange transactions, risk sharing, and more generally, financial contracting.”

Through the adoption of a global localization public monetary system architecture, UMU can be configured to operate according to the central banking regulations of each participating jurisdiction, the release said.

“UMU is not attempting to disrupt the international monetary system,” said Darrell Hubbard, the Executive Director of the DCMA. “If fact, it strengthens it by helping the IMF achieve its stated mandate to provide economic and financial stability to its member states. UMU is a game-changer in how cross-border payments are transacted and mitigates against seasonal and systemic local currency depreciation.”

In the proposed UMU Model Law legislation, Unicoin would be enacted as a complementary money commodity and function as a store of value, helping to mitigate against potential seasonable and systemic local currency depreciation and function as a payment currency at the time of settlement.

Merchants and trading partners will be able to accept UMU as a form of payment for their goods and services priced in any national legal tender. “UMU has premium exchange rates built into its wallet and can convert any settlement currency amount to the equivalent UMU amount,” the press release said.

UMU is specifically designed to support central banking and regulated financial institutions. It utilizes a staked proof of trust (SPOT) consensus protocol, along with a “multi-dimensional DLT (mDLT) capable of supporting any asset or liability ledger enabling full-service digital banking and international trade payments.”

The DCMA hopes that UMU serves as “Crypto 2.0” through the introduction of “a new wave of cryptographic technologies for realizing a digital currency public monetary system with a widespread adoption framework encompassing use cases for all constituencies in a global economy.”

According to George Walker, a Partner at Practus, LLP, who facilitated weekly meetings between the DMCA and the IMF where the whitepaper for the project was discussed, while the IMF has not made any official endorsements of UMU, the organization “has yet to state any objections to UMU’s FX premier rates and its monetary sovereignty approach.”

Read full story here…

[thcecrowd]

The objective of WFX (Worldwide Futures Exchange Project) is to unify, expand, revolutionize, and lower the cost of global trade and trading through a new revolutionary commercial pricing pattern invention called TheSmithMatrix combined with revolutionary Digital Ledger Technology - Artificial Intelligence (DLT-AI)/blockchain/Edge Computing technology. WFX will create a new DLT Financial Exchange Ecosystem (FXE) that will house a spot margin (.05% to 5%) WFX futures trading platform for the entire globe by principally combining Dfinity Internet Computer technology with Edge Computing technology. The objective is to entice conventional exchanges that presently operate on digital software, to transfer their exchange products onto one decentralized global DLT-AI platform. WFX will attempt to revolutionize clearing by researching the development of self-clearing or the development of modified self-clearing. WFX will allow every currency, commodity, and stock in the world to be priced in terms of any other currency, commodity, or stock in any currency creating over 100,000 different global trading combinations which will lead to a new global barter system. The WFX platform will be priced in a new global digital currency (Ren) created by R G Smith. Ren is comprised of eight major global currencies representing 65%+ of the global GNP and is only made possible through TheSmithMatrix.

Links: https://www.indiegogo.com/projects/worldwide-futures-exchange-project-by-r-g-smith

#crowdfunding #crowdsourcing #WFX #TheSmithMatrix #DLTAI #funds #funding #indiegogo #kickstarter

[prince0786]

What is DLT in Bulk SMS India?

👉TRAI has released a new platform to overcome frauds happening through Bulk SMS Service by sending unsolicited SMS. As per the guidelines, every Business (Entity) and Bulk SMS Provider (means: Telemarketer) have to register with the Telecom Operators to access service & continue sending Bulk SMS.

👉 DLT registration is made mandatory by TRAI from June 2020. It prevents customers from Unsolicited messages. It restricts any business from sending spontaneous and fraudulent messages and calls to customers.

👉 Companies can do DLT registration on their own or by connecting to any SMS Service Provider. The SMS Service provider usually helps their customer for DLT registration and other procedure.

👉 This process takes approximately 12 to 36 working hours so if any business wants to send messages on any particular event they have to complete DLT registration, Sender ID approval and Template approval process before their campaign time.

✅ Here is the list of documents required for DLT registration :

🟢 PAN CARD

🟢 GST Certificate

🟢 Proof Of Identity

🟢 Proof of Address

🟢 Authorization Letter

👉 There are many companies that charge fees for DLT registration, but few don't charge for DLT registration like WebXion technologies. You connect to this company for free DLT registration to avoid unnecessary headache because of documentation.

#bulk sms service #dlt registration #bulk sms service gateway #bulk sms marketing reseller panel #bulk sms smpp #bulk sms smpp application

[mishtelsblog]

Mishtel is a technology-driven company

Mishtel is a technology-centric company offering Communications Platform as a Service (CPaaS) and Contact Center as a Service (CCaaS) solutions, enabling organizations to integrate real-time voice, messaging, and video functionalities into their existing enterprise applications. We tailor our solutions to meet specific client requirements through the seamless integration of our products and services. Our core offerings encompass cloud-based communication services such as SMS, Outbound Dialing (OBD), WhatsApp API, and Interactive Voice Response (IVR) solutions.

In the realm of messaging services, we provide a comprehensive suite including DLT (Distributed Ledger Technology) Registration, Promotional SMS, Transactional SMS, OTP (One-Time Password) SMS, Flash SMS, and more. For voice platforms, our services include outbound Voice Calls, OTP Voice Calls (customized per project), Playback IVR, Missed Call Services, Toll-Free Services, and advanced IVR solutions.

Our approach revolves around delivering highly personalized solutions tailored to the unique needs of our clients. This is achieved through a collaborative integration of our products and services, catering to both corporate and political entities across India. Our dedication to excellence is evident in the quality and innovation of our product range, the expertise and dedication of our team, and our unwavering commitment to exceptional customer service and satisfaction.

Moreover, Mishtel's commitment to being the best is reflected in every aspect of our operations. From our innovative product offerings to the quality of our services, we strive to exceed client expectations. Our team’s expertise, coupled with our drive to deliver outstanding results, ensures that we provide the best possible solutions for our clients. This holistic approach not only addresses immediate communication needs but also supports long-term strategic objectives, ensuring that our clients are always ahead in the ever-evolving technological landscape.

[webtracktechnologies]

A Comprehensive Guide on Potential of Blockchain Technology for Businesses

In the quickly evolving landscape of technology, blockchain technology has gained more attention. Initially, blockchain was introduced as the underlying technology for cryptocurrency like Bitcoin. However, it has become a disruptive force in many different industries. Indeed, this technology has become a powerful tool that provides a decentralized and immutable platform for businesses worldwide. Want to know more about this technology? If so, you are in the right place. In this blog, we embark on a journey to explore the fundamental concepts of blockchain, its practical applications, and the potential it holds for shaping the future of your business. 

What is Blockchain Technology?

Blockchain is an information storage method that prevents manipulation, hacking, and alteration. Fundamentally, blockchain is distributed ledger technology (DLT) that is decentralized and records transactions across numerous nodes. Imagine a digital ledger that is copied among several computers globally rather than being stored in a single place. Every time a transaction happens, it is added to the block. A block becomes a chain once it has all the transactions and is connected to the previous block. Resultantly, it is referred to as a blockchain.

Blockchain technology is a framework that keeps track of all the transactions across several databases. This is referred to as a block or chain. Usually,  this storage system is known as a digital ledger. The holder’s digital signature confirms the transactions in the ledger. Hence, the information is extremely secure. In short, the digital ledger can be the same as a Google spreadsheet that is dispersed across multiple network nodes.  

Key Features of Blockchain:

Decentralization: Unlike conventional databases which are centralized, blockchain operates on several copies of databases spread across multiple nodes.

Transparency: Each participant on the network can see the transactions, prompting loyalty and trust.

Immutability: Blockchain technology ensures data integrity as once the transaction is completed it cannot be modified.

How Does Blockchain Work?

Presently, you may have observed that many businesses worldwide have been integrating blockchain development. However, how does blockchain technology work exactly? Is this a simple addition or a major change? Blockchain development technology is presently in its progression stage, but it has the potential to become revolutionary in the future. So, let's get to know how blockchain technology works:

Transaction Initialization: A user starts a transaction with his/her digital signature and the public key of the subsequent participant.

Verification: The network of computers then approves the transaction utilizing specific algorithms. An authorized transaction can include cryptocurrency, records, contracts, or any other kind of information.

Block Creation: After a transaction is finished, it is merged with others to create a new block of data.

Adding to the Chain: This block is then permanently merged with the existing blockchain and cannot be altered.

Why is Blockchain Important for Businesses?

Blockchain technology is revolutionizing industries by streamlining operations, enhancing security, and fostering trust through immutable transactions. Investing in enterprise blockchain development will become crucial simply for competitive reasons. Blockchain-powered smart contracts are reducing IT costs, streamlining complex procedures, and eliminating the need for middlemen across various businesses. Furthermore, blockchain’s enterprise value is predicted to rise as business implementations become more sophisticated and refined.

How Can Blockchain Benefit Businesses?

Blockchain development services offer a lot of perks that can reform different industries. Furthermore, making businesses more secure, transparent, and efficient. Here are some reasons why opting for blockchain technology is a wise decision:

Increased Security - Blockchain technology secures the data using cryptographic methods. This prevents unauthorized parties from changing the information. Each block in the chain creates a secure, and unchangeable ledge by containing a cryptographic hash of the last block. This security feature makes blockchain a wise option for apps where data integrity is critical such as financial transactions, healthcare records, etc.

Decentralization - Blockchain works in a decentralized network of computers as compared to conventional centralized systems. As a result, decentralization eradicates the need for middlemen, lowering expenses, and potential failure points. Moreover, blockchain networks foster a more inclusive and democratic ecosystem.

Transparency and Immutability - Every transaction stored on a blockchain is both transparent and unchangeable once it is recorded. This feature built trust among participants because all parties can confirm the integrity of data without depending on a middleman. Indeed, immutability ensures that records are unchangeable. Therefore, the risk has been reduced and accountability has been enhanced across different processes.

Cost Efficiency - By removing intermediaries and simplifying procedures, blockchain development can drastically cut operational costs aligned with traditional systems. Self-executing contracts with predetermined norms, automated tasks, and smart contracts - further reduce expenses. Additionally, blockchain technology makes the transaction process faster, which reduces operational time and costs.

Enhanced Traceability and Audibility - Participants can track the origin and path of assets or products throughout the supply chain. This is possible because blockchain technology provides a clear transaction trail. This traceability feature is valuable in industries such as pharmaceuticals and food, where tracking the provenance of goods is essential for consumer safety.

Innovation and Disruption - Blockchain development promotes innovation by facilitating the development of the latest business models and decentralized applications (DApps). New approaches to organize and execute agreements without middlemen are introduced by smart contracts. Additionally, blockchain facilitates tokenization, unlocking liquidity, digitally representing real-world assets, and permitting fractional ownership.

Global Accessibility - Blockchain functions as a distributed ledger available to individuals with an internet connection, giving all participants the same opportunity regardless of their financial or geographic circumstances. Thanks to blockchain, individuals from any region can now access banking services.

Regulatory Compliance - Although blockchain encourages decentralization, its permissioned networks and privacy-enhancing features also make it possible to comply with regulatory needs. Sensitive data can be kept safe and compliant with legal frameworks by using blockchain solutions that are tailored to particular regulations.

Read More: A Comprehensive Guide on Potential of Blockchain Technology for Businesses

#webtracktechnologies #web development services #shopify web development #wordpress developer #professional web development services #wordpress website development #custom website development services #web designing #blockchain #blockchain development #blockchain developer for hire #blockchain technology

[kalpnetwork]

KALP DLT’s Initiative to Integrate Real-World Assets

KALP DLT is leading an initiative to integrate real-world assets into blockchain technology, bridging traditional finance with innovative digital solutions.

An already-existing application of blockchain technologies — tokenization — has recently found itself a real-life use case in real estate.

Tokenization has been around almost as early as blockchain appeared, and it has been looking up to a bright future from day one. Estimations by McKinsey show that the volume of tokenized digital securities will reach $5 trillion by 2030.

In this piece, we will talk about one of the yield-bearing RWAs i.e. Real Estate.

What are Real-World Assets?

The term Real-world assets (RWAs) refer to tangible and intangible assets in the physical world. For example, real estate, bonds, and commodities can be represented in tokenization form. The tokenization of RWAs brings these off-chain assets onto the blockchain, where they can be stored and tracked on-chain.

The Issue with Status Quo Tokenization

Current tokenization creates a liquidity problem. Owning a token representing an underlying asset doesn’t allow direct trading on the main market (Nasdaq). Plus, traditional finance settlements are slow, making it cumbersome to redeem tokens for cash. While workarounds exist (market makers, faster redemptions), they’re not ideal and can be expensive.

Examples include Real Estate Investment Trusts (REITs), Exchange Traded Funds (ETFs), Mutual Funds, US stock tokenization etc. Traditional asset fractionalization is more focused on vehicles like equity and real estate asset classes.

Considering the challenges at hand, let us get into the issues related to asset liquidity:

a) Affordability Barriers: Many assets, like real estate, bonds, and hedge funds, remain out of reach for mass investors due to high costs.

b) Fractionalization Constraints: Certain assets, such as shared living spaces in houses, struggle to be effectively divided among numerous investors.

c) Information Asymmetry: Retail and high-net-worth investors often face a lack of transparent information regarding investment opportunities.

d) Exclusive Access: Elite assets like fine art and vintage cars are often accessible only to select groups, limiting broader participation.

e) Regulatory Hurdles: Complex regulations, such as restrictions on accredited investors or stringent asset tokenization processes, hinder liquidity. Additionally, ownership proofs required by governmental registers, as seen in real estate, add further barriers.

f) Complex User Journeys: Cumbersome KYC processes and fragmented payment setups across platforms create obstacles for investors, leading to a disjointed user experience.

g) Technological Limitations: Existing technological solutions fail to adequately address liquidity challenges in certain asset classes, hindering scalable solutions.

KALP DLT Solutions for Real Estate Tokenization

Many institutions are collectively working to improve and modernize financial systems. They are doing this by adopting on-chain finance (OnFi) technologies, which involve using blockchain, tokenization, and smart contract logic. These technologies aim to upgrade old infrastructure, improve institutional workflows, and enhance global financial operations.

KALP DLT aims to democratize real estate investment for a broader audience who may not have access to large sums of capital. The compliance-first approach of KALP DLT is fully registered and complies with all U.S. Money Services Business regulations, including stringent anti-money laundering (AML) requirements.

Tokenization of real estate involves breaking down a property into digital tokens that represent ownership and rights. Smart contracts define the details, and these contracts automatically execute actions after certain conditions are met.

Kalp DLT’s smart contract system allows asset sponsors to create tokenized versions of assets after passing regulatory checks. These tokens can then be owned in parts and traded by verified users.

Conclusion

Kalp believes that there is a gap in the current ecosystem and a “regulated RWA ecosystem” will create an innovative protocol. This protocol will attract users from various backgrounds, including those that may not currently participate in crypto space. These users value the importance and safety of regulatory compliance.

Herein, the Kalp SDK sets a new standard for regulatory-compliant tokenization of real-world assets (RWAs). Once converted into digital tokens, assets like art, securities, or real estate can be easily traded. These tokens can be issued and traded on markets that follow KYC/AML regulations.

As we overcome the regulatory challenges, conditions will improve, allowing the world to anticipate an accelerated pace of asset tokenization.

About Kalp

Kalp is the legally engineered L1 permissioned ecosystem dedicated to all real-world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Our mission is to simplify the convoluted processes of RWA project deployment to cross-pollinate and invest in various RWAs.

Follow our socials:  Twitter | Discord | Website | Telegram

#Kalp #Kalpblockchain #Rwa #RealWorldAsset #Kalpdlt #0 # #

[knowlesbarber24]

Fast, Secure, Scalable: Exploring the Fantom Blockchain Ecosystem

In the ever-evolving landscape of blockchain technology, Fantom emerges as a groundbreaking platform, poised to redefine the capabilities of distributed ledger technology (DLT). Having its innovative way of scalability, security, and decentralization, Fantom represents the next generation of DLT, offering a myriad of possibilities across various industries. In this informative article, we delve to the intricacies of fantom, exploring its underlying technology, unique features, and potential implications for the future.

Understanding Fantom: Fantom is a high-performance, scalable, and secure distributed ledger platform designed to handle the limitations of existing blockchain networks. Launched in 2018, Fantom aims to provide an effective infrastructure for decentralized applications (dApps) and smart contracts, facilitating fast and cost-effective transactions at scale. Key Features and Technology: At the core of Fantom lies its innovative consensus mechanism, called the Lachesis protocol. Unlike traditional blockchain networks that count on a linear chain of blocks, Fantom utilizes a Directed Acyclic Graph (DAG) structure, enabling asynchronous transaction processing and parallel execution of smart contracts. This architecture allows Fantom to achieve high throughput and low latency, making it perfect for applications that want fast and seamless transactions. Furthermore, Fantom incorporates Byzantine fault tolerance (BFT) consensus algorithms, ensuring the security and integrity of the network. Through a network of validator nodes, Fantom achieves consensus on transaction validity, mitigating the chance of malicious attacks and ensuring the reliability of the platform. Use Cases and Applications: Decentralized Finance (DeFi): Fantom's high throughput and low transaction fees allow it to be well-suited for DeFi applications such as decentralized exchanges (DEXs), lending platforms, and automated market makers (AMMs). By providing a scalable and efficient infrastructure, Fantom enables users to gain access to a wide variety of financial services without depending on centralized intermediaries. Supply Chain Management: The transparent and immutable nature of blockchain technology causes it to be perfect for supply chain management applications. Fantom's scalability and security allow it to be a feasible solution for tracking and tracing goods throughout the supply chain, enhancing transparency, efficiency, and trust among stakeholders. Governance and Voting Systems: Fantom's decentralized governance model enables community-driven decision-making and governance mechanisms. By leveraging smart contracts and token-based voting systems, Fantom allows stakeholders to take part in governance processes, such as protocol upgrades, resource allocation, and decision-making, in a clear and tamper-resistant manner. Potential Impact: The potential impact of Fantom extends far beyond its current applications. By supplying a scalable, secure, and decentralized infrastructure, Fantom gets the potential to revolutionize various industries, including finance, supply chain, healthcare, and governance. Its innovative method of consensus and scalability addresses a number of the fundamental challenges facing existing blockchain networks, paving the way for widespread adoption and integration of blockchain technology.

Conclusion: Fantom represents a paradigm shift in the realm of distributed ledger technology, offering a scalable, secure, and decentralized platform for building another generation of blockchain applications. Having its innovative consensus mechanism, high throughput, and low latency, Fantom opens up new possibilities for decentralized finance, supply chain management, governance, and beyond. Even as we continue to unveil the potential of Fantom, it's evident that its impact will be felt across diverse industries, shaping the continuing future of decentralized applications and the digital economy.

#enjincoin

[askgaloredigital]

What’s Salesforce Blockchain?

Salesforce Blockchain is the distributed ledger technology (DLT) platform that is offered by Salesforce. Salesforce is a leading cloud-based software company that is based in San Francisco -California, United States.

For more visit: https://askgalore.com/salesforce-blockchain-distributed-ledger-for-crm

#Salesforce Blockchain #cloud-based software company

[deployr3cordanodestuff]

Unlocking Efficiency: Optimizing R3 Corda Node Deployment for Scalability and Performance

In the dynamic realm of distributed ledger technology (DLT), scalability and performance are paramount considerations for enterprises seeking to deploy R3 Corda nodes. As organizations strive to harness the power of Corda to streamline their operations and drive innovation, optimizing node deployment becomes essential to unlock efficiency and maximize the benefits of this groundbreaking platform.

Understanding the Importance of Optimization

Before delving into optimization strategies, it's crucial to understand why optimizing R3 Corda node deployment is essential. In today's interconnected world, where financial transactions occur at lightning speed and volumes continue to soar, traditional infrastructure may struggle to keep pace. By optimizing Corda node deployment for scalability and performance, enterprises can ensure that their systems can handle increasing transaction volumes, maintain responsiveness under heavy loads, and deliver a seamless user experience.

Fine-Tuning Node Configurations

One of the first steps in optimizing R3 Corda node deployment is fine-tuning node configurations to align with the specific needs of the enterprise. Corda offers a range of configuration options that allow organizations to customize their nodes based on factors such as network size, transaction throughput requirements, and resource constraints.

For example, organizations may adjust parameters such as thread pools, database settings, and network parameters to optimize performance and resource utilization. By carefully calibrating these configurations, enterprises can ensure that their Corda nodes operate efficiently and effectively, even under demanding conditions.

Optimizing Network Architecture

In addition to fine-tuning node configurations, optimizing the network architecture is critical for achieving scalability and performance in R3 Corda deployments. This involves designing a network topology that can accommodate growth, minimize latency, and maximize fault tolerance.

Enterprises may employ strategies such as deploying multiple nodes across geographically distributed locations, implementing peer-to-peer communication protocols, and utilizing load balancing techniques to distribute traffic evenly across nodes. By optimizing the network architecture, organizations can ensure that their Corda deployments are resilient, responsive, and capable of handling increasing transaction volumes.

Managing Resources Effectively

Effective resource management is another key aspect of optimizing R3 Corda node deployment for scalability and performance. This includes managing CPU, memory, disk space, and other system resources to ensure that nodes operate efficiently and reliably.

Enterprises may employ techniques such as resource monitoring, capacity planning, and performance tuning to optimize resource utilization and prevent bottlenecks. Additionally, organizations may leverage containerization technologies such as Docker and Kubernetes to streamline deployment, orchestrate resource allocation, and scale infrastructure dynamically in response to changing demand.

Implementing Load Balancing Mechanisms

Load balancing is a crucial component of optimizing R3 Corda node deployment, particularly in environments with high transaction volumes or distributed architectures. Load balancing mechanisms help distribute incoming traffic across multiple nodes, ensuring that no single node becomes overwhelmed and that resources are utilized efficiently.

Enterprises may implement load balancers at various layers of the network stack, such as application-level load balancing using reverse proxies or network-level load balancing using dedicated hardware or software solutions. By implementing effective load balancing mechanisms, organizations can achieve greater scalability, resilience, and performance in their Corda deployments.

Conclusion

In conclusion, optimizing R3 Corda node deployment for scalability and performance is essential for enterprises seeking to unlock efficiency and maximize the benefits of distributed ledger technology. By fine-tuning node configurations, optimizing network architecture, managing resources effectively, and implementing load balancing mechanisms, organizations can ensure that their Corda deployments are resilient, responsive, and capable of handling increasing transaction volumes.

As the adoption of Corda continues to grow across industries, optimization strategies will play a crucial role in enabling enterprises to harness the full potential of this powerful platform. By embracing optimization best practices, organizations can future-proof their Corda deployments and drive innovation in the rapidly evolving world of distributed ledger technology.

[naturalrights-retard]

In my newest book, The Evil Twins of Technocracy and Transhumanism, I demonstrated how the central banks of the world have directly asserted themselves as the master controllers of financial and economic policies. The head of this giant snake is the Bank for International Settlements (BIS) in Basel, Switzerland. If CBDCs are implemented, it will give them Skynet-type control over humanity. ⁃ TN Editor

We contrasted the true nature of “money” with the proposed Central Bank Digital Currencies. CBDC is being rolled out across the world by a global public-private partnership . What we call money is actually fiat currency conjured out of thin air by central and commercial banks. Even so, CBDC is nothing like “money” as we currently understand it.

Prior to the pseudopandemic, fiat currency circulated in a split-monetary circuit. Only commercial banks could access a type of money called “central bank reserves” or “base money.” In late 2019, the global financial institution BlackRock introduced a monetary plan that advocated “going direct” in order “to get central bank money directly in the hands of public and private sector spenders.”

We discussed how the idea of putting “central bank money” directly into the hands of “private sector spenders” is precisely what that new CBDC based IMFS is designed to achieve. But CBDC will accomplish far more for the global parasite class than merely revamp its failing “debt” based IMFS.

If it is universally adopted, CBDC will afford the bankers complete control over the our daily lives. The surveillance grid will be omnipresent and every aspect of our lives will be engineered.

CBDC is the endgame and, in this article, we will explore how that game will play out.

If we allow it.

The Interoperable CBDC Empire

Contrary to the stories we are told, central banks are private corporations. These private corporations operate a global monetary and financial empire that is overseen and coordinated by the Bank for International Settlements (BIS).

The BIS does not come under the jurisdiction of any nation state nor intergovernmental organisation. It is exempt from all “law” and is arguably sovereign over the entire planet. As its current monetary system power-base declines, it is rolling out CBDC to protect and enhance its own power and authority.

While a “most likely” CBDC “platform” model has emerged, there is, as yet, no agreed single technical specification for CBDC. But, for the reasons we discussed previously, it is safe to say that no national model will be based upon a permissionless DLT—blockchain or otherwise—and all of them will be “interoperable.”

In 2021 the BIS published its Central bank digital currencies for cross-border payments report. The BIS defined “interoperability” as:

The technical or legal compatibility that enables a system or mechanism to be used in conjunction with other systems or mechanisms. Interoperability allows participants in different systems to conduct, clear and settle payments or financial transactions across systems

The BIS’ global debt based monetary system is “tapped out” and CBDC is the central bankers’ solution. Their intended technocratic empire is global. Consequently, all national CBDCs will be “interoperable.” Alleged geopolitical tensions are irrelevant.

The CBDC Tracker from the NATO think tank, the Atlantic Council, currently reports that 114 countries, representing 95% of global GDP, are actively developing their CBDC. Of these, 11 have already launched.

Just as the pseudopandemic initiated the process of getting “central bank money” directly into private hands so, according to the Atlantic Council, the sanction response to the war in Ukraine has added further impetus to the development of CBDC:

Financial sanctions on Russia have led countries to consider payment systems that avoid the dollar. There are now 9 cross-border wholesale CBDC tests and 7 cross-border retail projects, nearly double the number from 2021.

That this evidences the global coordination of a worldwide CBDC project, and that the BIS innovation hubs have been established to coordinate it, is apparently some sort of secret. China’s PBC, for example, is a shining beacon of CBDC light as far as the BIS are concerned:

[. . . ] improving cross-border payments efficiency is also an important motivation for CBDC work. [. . .] The possibilities for cross-border use of retail CBDC are exemplified by the approaches in the advanced CBDC project in China[.]

The People’s Bank of China (PBC) has been coordinating its CBDC cross-border payment development through the m-Bridge CBDC project run by the BIS’ Hong Kong innovation hub.

Supposedly the Central Bank of the Russian Federation (CBR – Bank of Russia) was suspended by the BIS. All we have to substantiate this claim is some Western media reports, citing anonymous BIS sources, and an ambiguous footnote on a couple of BIS documents. Meanwhile, the CBR is currently listed as an active BIS member with full voting rights and no one, either from the BIS or the CBR, has made any official statement in regard to the supposed suspension.

The CBR’s cross-border CBDC development is based upon two of the three BIS m-Bridge CBDC models and it is testing the “digital ruble” with the PBC . As the PBC is BIS m-Bridge development “partner,” alleged suspension or not, there is no chance that the “digital ruble” won’t be interoperable with the BIS’ new global financial system.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides the world’s most pervasive encoded inter-bank messaging system. Both central and commercial banks, as well as other private financial institutions, use SWIFT to securely transmit transaction data.

There are a number of SWIFT alternatives. For example, the CBR developed its parallel System for Transfer of Financial Messages (SPFS) in 2014 which went live in 2017. A number of Russian banks have also been using the PBC’s China International Payments System (CIPS).

CIPS was developed by the PBC in partnership with SWIFT, and both the PBC and the CBR started collaborating in earnest on a potential SWIFT replacement as a result of the Western monetary sanctions imposed upon the Russian Federation.

None of the various communication layer technologies are financial systems in and of themselves, but they enable banks, trading platforms, clearing houses, payment processing systems and all the other elements of the global financial system to communicate with each other. For CBDCs to be successful they need to be interoperable both with these systems and with each other.

Interoperability also extends to existing fiat currencies and other financial assets, such as mortgage backed securities and exchange traded funds (ETFs). These assets, funds, currencies and securities, etc. can be “tokenised.” As can practically any physical or virtual asset or commodity.

Hidera, a distributed ledger technology company that uses the hashgraph based DLT—a blockchain alternative—is backed by a number of wealthy global corporations. The company explains the asset tokenisation (or tokenization) process:

Asset tokenization is the process by which an issuer creates digital tokens on a distributed ledger or blockchain, which represent either digital or physical assets. [. . .] Suppose you have a property worth $500,000 in New York, NY. Asset tokenization could convert ownership of this property into 500,000 tokens — each one representing a tiny percentage (0.0002%) of the property. [. . .] The possibilities are endless as tokenization allows for both fractional ownership and proof-of-ownership. From traditional assets like venture capital funds, bonds, commodities, and real-estate properties to exotic assets like sports teams, race horses, artwork, and celebrities, companies worldwide use blockchain technology to tokenize almost anything.

The ability to trade tokenised assets internationally in any market, using CBDC, will facilitate the creation of a new CBDC based IMFS. Futhermore, digital “tokenisation” means anything can be converted into a financial asset.

For example, the BIS’ Project Genesis tokenised “government green bonds.” The World Bank explains “green bonds”:

A bond is a form of debt security. A debt security is a legal contract for money owed that can be bought and sold between parties. [. . .] A green bond is a debt security that is issued to raise capital specifically to support climate related or environmental projects.

Using CBDC’s added “smart contract” functionality, Project Genesis appended “mitigation outcome interests” (MOIs) to their green bond purchase agreements. When the bond matured, in addition to any premium or coupon payments from the bond itself, the investor received verified carbon credits. The carbon credits are also tradable assets and they too can be tokenised.

Tokenised assets, traded using the CBDCs that central banks create from nothing, will generate almost limitless permutations for the creation of new markets. Subsequent profits will soar.

This “financialisation of everything” will further remove an already distant financial system to from the real, productive economy the rest of us live in. Needless to say, “interoperability” is a key desired “feature” of CBDC.

The BIS published its Project Helvetia report in December 2020 which demonstrated proof of concept for the settlement payment for “tokenised assets” using CBDC. SWIFT subsequently published the findings from its Connecting Digital Islands: CBDCs modelling experiment in October 2022.

SWIFT’s stated objective was to link various national CBDCs to existing payment systems and thereby achieve “global interoperability.” SWIFT was delighted to report:

These new experiments have successfully demonstrated a groundbreaking solution capable of interlinking CBDC networks and existing payments systems for cross-border transactions. Interlinking is a solution to achieve interoperability [.] [. . .] This solution can provide CBDC network operators at central banks with simple enablement and integration of domestic CBDC networks into cross-border payments [.]

In its associated press release, SWIFT announced:

Swift has successfully shown that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth integration into the international financial ecosystem.

Whatever CBDC design national central banks adopt, no matter which inter-bank payment system they access—be it SWIFT, CIPS or some new communication layer—global interoperability is assured. Thus many different CBDCs can form one, centrally controlled International Monetary and Financial System that will transact in near instantaneous real time.

Control of this CBDC system will also mean the centralised global power to limit or block payments, target users, redirect funds, enforce purchases, trade assets, add contracts, tax at source and generally exploit any of the other endless range of “functions” CBDC is capable of. In near instantaneous real time.

The CBDC Flimflam

Jon Cunliffe, Bank of England (BoE) Deputy Governor for Financial Stability, launching the UK’s proposal for a “digital pound,” said:

There is scope for innovation to generate further efficiencies in payments, allowing for faster and/or cheaper payments. [. . .] The digital pound could also complement existing financial inclusion initiatives, for example if it were able to provide for offline payments.

In its 2021 document on the Digital Ruble Concept, the CBR said that it had developed its Russian Ruble in response to:

[. . .] growing demand from households and businesses to improve the speed, convenience and safety of payments and transfers, as well as for cost reduction in the financial sphere.

The claimed advantages of cost saving, efficiency, speed , convenience, financial inclusion, improved resilience, financial security and so on, are trotted out time and time again. All of it is part of a dangerous and completely disingenuous sales pitch deceiving you into accepting your own monetary slavery.

Further on, the CBR reveals what has really spurred its development of the “digital ruble:”

[. . .] smart contracts may also be used to mark digital rubles, which will allow setting conditions for spending digital rubles (e.g. defining specific categories of goods/services that can be purchased with them) and tracing the entire chain of movement of the marked digital rubles. [. . .] Digital ruble settlements do not provide for the anonymity of payments.

The digital ruble might initially seem more “convenient” but it is also designed to enable the the Russian central bankers to identify exactly who is buying what, anywhere in the country at any time. It will also empower them to set the “contract” conditions which will determine what Russians can buy, when and from whom. The central bankers will decide what “choices” Russian CBDC users are allowed to make.

We should not be duped by the faux rationales offered by the proponents of CBDC. Despite all the cosy rhetoric from the likes of the CBR and the BoE, the real objective is to enhance the global power and authority of bankers. As far as they are concerned, this power will know no bounds.

For instance, Cunliffe added:

[. . .] there are broader macro-economic and geopolitical issues that need to be considered. The Bank of England is working actively on these issues with international counterparts through the Bank for International Settlements Committee on Payments and Market Infrastructures (CPMI), through the G7, the G20 and FSB [Financial Stability Board] and through close cooperation with a small group of advanced economy central banks.

Don’t be surprised that the central bankers consider geopolitics to be within their remit. Their stated intention to “actively” work on geopolitical “issues” has no “democratic” mandate whatsoever, but so what? They don’t care, why should they? Who is paying attention? Must of us are too busy worrying about feeding ourselves and paying our energy bills.

The fact that bankers have long been able exert inordinate influence over geopolitics, economics and society has always been to our detriment. If we continue to neglect our duty to defend each other and ourselves, and if we blindly accept CBDC, the bankers’ power and authority will be immeasurable.

In 2020, the Russian Federation government amended its legal code with the “Law on Digital Financial Assets” (DFAs). The amendment regulated “non-cash ruble” DFAs. The CBR soon added its commercial bank partner Sberbank to the list of financial institutions authorised by the CBR to issue DFAs. In December 2022 Sberbank launched its “gold backed ” DFA offering “tokenised” gold.

Since 1971, when central banks finally abandoned any semblance of gold standard, many have lamented the supposed loss of fiat currency’s “intrinsic value.” The possible added “intrinsic value” of CBDC is apparently enticing some to now welcome CBDC and, thereby, their own enslavement.

The Russian and Iranian governments have already proposed a possible gold-backed CBDC “stablecoin” for interoperable cross border payments. “Interoperability” suggests it could be “backed” by Sberbank’s tokenised gold DFA.

If this sounds suspiciously like a shell game that’s because it is. Nonetheless, some are convinced and have extolled the alleged virtues of this “gold backed” CBDC.

It makes no difference if CBDC is backed by gold, oil, nuclear weapons or unicorn horns. All claims of its advantages are nothing but CBDC flimflam.

No matter how it is spun, the brutal fact is that CBDC affords an unimaginable degree of social control to those who program it. From our perspective, unless we have completely taken leave of our senses, nothing warrants taking that risk.

The Programmable CBDC Nightmare

The BoE is among the central banks to reassure the public that it won’t “implement central bank-initiated programmable functions.” Elsewhere, it also claims that is a public institution, which isn’t true. So we have little reason to believe anything the BoE says.

Not that it matters much, because the BoE assurances given in its CBDC technical specification don’t provide any reason for optimism:

Central bank-initiated programmable use cases are not currently relevant to the Bank and HM Treasury’s policy objectives for CBDC.

Perhaps “not currently” but it is reasonable to suspect that policy enforcing programmable CBDC may well become “relevant,” don’t you think? Especially given that the BoE adds:

The design of a UK CBDC must deliver the Government and Bank’s [the BoE] policy objectives. [. . .] Over the longer term, innovation and evolving user needs may mean a broader range of CBDC payment types could be offered. For example, offline and cross-border payments could support public policy objectives.

As if this mealymouthed squeamishness wasn’t bad enough, the BoE then goes on to suggest we should welcome their dream of a stakeholder-capitalism CBDC Wild West:

[T]he Bank [BoE] would aim to support programmable functionality[.] [. . .] These functionalities would be implemented by PIPs and ESIPs, and would require user consent. PIPs could implement some of these features, such as automated payments and programmable wallets, by hosting the programmable logic [. . .]. But other features [. . .] might require additional design considerations. [. . .] [T]he Bank would only provide the necessary infrastructure to support PIPs and ESIPs to provide these functionalities. [. . .] An automated payment could be particularly useful in IoT [Internet of Things] use cases. [. . .] PIPs could host their own logic that triggers a payment.

If the BoE don’t “currently” feel the need to program your “money,” how about handing control over to HSBC, Barclays, Mastercard or PayPal? They will program your CBDC to “deliver the Government and Bank’s [the BoE] policy objectives” instead. Undoubtedly adding some lucrative “contract logic” of their own along the way. What could possibly go wrong?

Let’s say EDF Energy is your energy provider. You could let BlackRock, working in partnership with the manufacturers it invests in, exploit the IoT to program your washing machine to automatically pay for your energy use by deducting your “money” from your CBDC “wallet”, subject to whatever “contract logic” BlackRock has agreed with EDF Energy.

If you run a small UK business you could let your bank automatically deduct income tax from your earnings and pay it directly to the Treasury. No need for the inconvenience of self-assessment. CBDC will be so much more “convenient.”

Of course, this will be entirely “optional,” although it may be a condition of opening a business account with your bank. In which case your CBDC “option” will be to work in a central bank managed CBDC run business or don’t engage in any business at all.

How does that all sound to you? Because that is exactly the “model” of retail CBDC that the BoE are proposing. So are nearly all other central banks because CBDC is being rolled out, for all intents and purposes, simultaneously on a global scale.

The Retail CBDC Nightmare

As noted in Part 1, the real nightmare CBDC scenario for us is programmable retail CBDC. In its proposed technological design of the disingenuously named “digital pound,” the BoE revealed that “retail CBDC” is exactly what we are going to get.

The BoE claims that CBDC is essential to maintain access to central bank money. This is only “essential” for bankers, not us.

It also alleges that its digital pound model has been offered to the public merely for “consultation” purposes. Yet it has only offered one, very specific CBDC design for our consideration. The only question appears to be when we will adopt it, not if.

The usual flimflam, talking about inclusion, cost savings, offering choice and yada yada, peppers the BoE’s statements and documents. The BoE also lays out its retail CBDC panopticon.

The UK’s CBDC won’t initially target everyone. Speaking about the design of the digital pound, Jon Cunliffe said:

We propose a limit of between £10,000 and £20,000 per individual as the appropriate balance between managing risks and supporting wide usability of the digital pound. A limit of £10,000 would mean that three quarters of people could receive their pay in digital pounds, while a £20,000 limit would allow almost everyone to receive their pay in digital pounds.

If working people are “paid” in CBDC they won’t actually have any “choice” at all. The low paid and those reliant upon benefits payments will have no option but to use CBDC. The independently wealthy, for whom £20,000 is neither here nor there, won’t.

Cunliffe’s comments highlight the possibility that savings can also be limited in the brave new CBDC world. He clearly suggests that those on low incomes won’t be able to hold more than CBDC-£20,000 and will perhaps be limited to as little as CBDC-£10,000.

Unsurprisingly, the UK’s CBDC won’t be based upon a permissionless DLT that could potentially grant anonymity, but rather upon, what the BoE calls, its “platform model.” The BoE will “host” the “core ledger” and the application layer (API) will allow the BoE’s carefully selected private sector partners—called Payment Interface Providers (PIPs) and External Service Interface Providers (ESIPs)—to act as the payment gateways.

The PIPs and the ESIPs will be “regulated,” and will thus be empowered on a preferential basis by the central bank. If CBDC becomes the dominant monetary system, as is clearly the intention, by controlling “access to the ledger,” all user transactions—our everyday activity—will be under the thumb of a public private-partnership led, in the UK, by the BoE.

While the majority of British people don’t have anywhere near £10,000 in savings, the ability to control the amount we can save, and the rate at which we spend, is a tantalising prospect for the central bankers. Add in the ability to specify what we can spend it on and it’s their dream ticket.

The BoE wishes to impose the most oppressive form of retail CBDC possible, but they aren’t alone. The Russian CBR’s model is one among many others that are just as tyrannical. The Russian’s CBDC is also constructed upon a “platform” model that is uncannily similar to the UK’s.

Just like British citizens, Russian’s behaviour will be monitored and controlled by their private central bank and its partners through their CBDC “wallets.” The CBR’s “Model D” CBDC is also a “a retail two-tier model with financial institutions [private corporate partners] as settlement participants.”

The CBR states:

Digital rubles are unique digital codes (tokens) held in clients’ electronic wallets on the digital ruble platform. [. . .] The Bank of Russia opens wallets for financial institutions and the Federal Treasury while financial institutions open wallets for clients [businesses and individuals] on the digital ruble platform. Only one digital ruble wallet is opened for a client.

Every Russian business and private citizen will each have one CBDC wallet allocated to them by the CBR. Russian commercial banks will enable the “client onboarding” to speed up adoption of CBDC. The commercial banks and other “financial institutions” will then process CBDC payments and act as payment intermediaries on the CBR’s Model D “platform.”

The People’s Bank of China (PBoC) and the Reserve Bank of India (RBI) are among those considering programming expiration dates into their CBDC’s. This will ensure that Chinese and Indian CBDC users can’t save and have to spend their issued “money” before it expires and ceases to function. Thereby “stimulating” economic activity in the most “going direct” way imaginable.

The BoE proposes exactly the same in its model of digital pound. The BoE is reluctant to concede the use of its CBDC to enforce policy. Instead, it has devolved this power to its commercial banks “partners” which the BoE will then control through regulation:

A range of programmable features might be enabled by providing API access to locking mechanisms on the core ledger. [. . .] This enables PIPs and ESIPs to facilitate more complex programmable functionality off ledger. [. . .] The funds would be locked until a pre-defined condition has been met. [. . .] The PIPs and ESIPs would host contract logic on their own infrastructure, but would instruct the release of funds via API to the core ledger. [. . .] If the set conditions are not met, all locks would have an expiry time where the funds are released back to the original owner.

The BoE public-private partnership could, for example, program its CBDC with an expiry date. The PIPs or the ESIPs could then modify the program adding “more complex” conditions through their own “contract logic” infrastructure. For example, the BoE could specify that the CBDC your “wallet” will expire by next Wednesday.

A PIP or ESIP could add some contract logic to ensure you can only buy Italian coffee—before next Wednesday. This could be enforced at the point of sale in any retail setting (off ledger).

This is a silly example, but don’t be fooled into believing such an excruciating degree of oppressive control isn’t possible. Programmable CBDC, probably programmed by AI algorithms, is capable of enforcing an intricate web of strictures over our everyday lives.

Just as you can send an encrypted message to anyone else on the same message app, so CBDC “smart contracts” can be tailored to the precisely prescribe what you can or cannot do with your “money.”

They Wouldn’t Do That Though Would They?

The infamous quote, from a salivating BIS general manager Agustín Carstens, reveals why central bankers are so excited about CBDC:

We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.

We can look to other influential central bankers to appreciate what kind of “rules” central banks might choose to “enforce” by exercising their “absolute control.”

Bo Li, the former Deputy Governor of the Bank of China and the current Deputy Managing Director of the International Monetary Fund (IMF), speaking at the Central Bank Digital Currencies for Financial Inclusion: Risks and Rewards symposium, offered further clarification:

CBDC can allow government agencies and private sector players to program [CBDC] to create smart-contracts, to allow targetted policy functions. For example[,] welfare payments [. . .], consumptions coupons, [. . .] food stamps. By programming, CBDC money can be precisely targeted [to] what kind of [things] people can own, and what kind of use [for which] this money can be utilised. For example, [. . .] for food.

Nigeria has already launched its eNaira retail CBDC. The Nigerian central bank and the BIS have immediately used it as a tool to roll out Digital ID:

Universal access to eNaira is a key goal of the CBN [Central Bank of Nigeria], and new forms of digital identification are being issued to the unbanked to help with access. [. . .] When it comes to anonymity, the CBN has opted to not allow anonymity even for lower-tier wallets. At present, a bank verification number is required to open a retail customer wallet.

The French central bank—the Banque de France—hosted a conference in September 2022 where US and EU central bankers decided that their retail CBDC would also force Digital ID upon users. Indeed, all central banks have effectively “ruled out” any possibility of “anonymous use” of their programmable money.

Most central banks and other observers have, however, noted that the potential for anonymous digital currency to facilitate shadow-economy and illegal transactions, makes it highly unlikely that any CBDC would be designed to fully match the levels of anonymity and privacy currently available with physical cash.

Once we have no option but to use CBDC nor will we have any but to accept Digital ID. We will be fully visible on the grid at all times.

Currently if the state wishes to lockdown its citizens or limit their movement within 15 minutes of their homes they need some form of legislation or enforceable regulation. Once CBDC linked to Digital ID, complete with biometric, address and other details, they won’t.

They can simply switch off your “money,” making it impossible to use outside of your restriction zone. Potentially limiting you to online purchases made only from your registered IP address. CBDC will ensure your compliance.

It is no use imagining that “they wouldn’t do that.” They already have, in our so-called liberal democracies. Numerous private payment providers have removed access from those who, in their view, have expressed to wrong opinion.

When Canadians exercised their legitimate right to peaceful protest and their fellow Canadians chose to offer their financial support to the protesters, the commercial banks worked in partnership with the Canadian state to freeze protesters accounts and shut down their funding streams.

CBDC will make this a matter of routine, as targeted individuals are punished for their dissent or disobedience. It stretches naivety to wilful ignorance to believe that it won’t. We cannot afford to ever use CBDC.

The whole point of CBDC is to control the herd and enhance the power and authority of the parasite class. CBDC is a social engineering tool designed to establish a prison planet. Unless you want to be a slave, there is no legitimate justification for CBDC. Submitting to CBDC enslavement truly is a “choice.”

Please share these articles. It is absolutely vital that as many people as possible understand the true nature of CBDC. We cannot rely upon the state or the mainstream media for anything approaching transparency or honesty on the subject. With regard to our potentially calamitous adoption of CBDC, they are the enemy.

Fortunately, if we decide to resist there is no reason why we have to succumb to using CBDC. In order to construct better systems of exchange that will render CBDC superfluous, we have to come together in our communities. It won’t be easy and there are no simple solutions or one right answer but one thing is certain.

We cannot afford to ever use CBDC.

Read full story here…

[kalpstudio]

Blockchain App Development Services: Understanding the Bright Side

The growth of the blockchain technology market is driving numerous businesses to enter the Web3 world to streamline their processes and enhance transparency in their businesses. They have leveled up their game with Web3 and attracted new customers. But many organizations face problems with blockchain app development, including complex architecture setups.

Web 3.0 infrastructure platforms like Kalp Studio tackle these problems by providing streamlined development processes and customizable solutions tailored to each enterprise’s needs. This helps enterprises in harnessing the full potential of transformative blockchain technology to drive growth and competitiveness. In this article, we explore how enterprises can use blockchain app development services and beyond.

Blockchain App Development

Blockchain app development involves building applications that utilize shared, immutable, and distributed ledger technology (DLT) to securely record transactions and monitor assets. Thus, it enhances transparency and reduces fraud risk. These assets can range from tangible items like currency or property to intangible assets, such as intellectual property rights. Within a network, blockchain app development ensures that transactions are recorded in a transparent, secure, and tamper-proof manner.

Benefits of Blockchain App Development for Enterprises

Blockchain application development services offer significant value to businesses engaged in transactions with one another. With DLT, authorized participants gain simultaneous access to identical information with better efficiency, trust, and frictionless interactions. Moreover, blockchain solutions can quickly adjust and expand, with the versatility to perform various functions across different sectors.

Despite having these benefits, many enterprises are not able to use this technology in their business operations. They incur various challenges during blockchain app development. Let us understand these challenges.

Challenges in Blockchain App Development

Typically, companies face the following challenges while developing their dApps:

Smart Contract Coding and Optimization

Entities may face significant challenges with smart contract coding and optimization. Smart contracts involve intricate algorithms and various protocols. Also, you cannot change them once they are deployed. So, they require rigorous testing to reduce the risk of vulnerabilities and potential failure.

Data Storage

Storing data on the blockchain can become costly due to its immutable nature. As the volume of transactions executed on the network increases, more data accumulates. This, in turn, escalates the demand for storage resources and leads to higher costs associated with data storage on the blockchain.

Blockchain Integration

Blockchain integration with existing systems demands substantial investment, technical proficiency, and time to ensure seamless compatibility between the new and old systems. Additionally, duplicated functionalities or improper data synchronization between the blockchain and off-chain systems can further complicate the process.

Scalability

Blockchain scalability is a common challenge, especially for public blockchain networks. Challenges may arise if the application is not designed to scale effectively as the user base grows. Moreover, network latency in decentralized environments introduces delays in transaction confirmation, affecting dApp responsiveness, particularly for real-time applications.

With all the above-mentioned challenges, it becomes difficult for businesses to use blockchain app development. One way to tackle these issues is to opt for a service provider like Kalp Studio that handles all the technicalities so that you can focus on your prime product. In the next section, we list down how our platform is your ideal solution to start your blockchain journey.

Kalp Studio’s Blockchain App Development Services as a Solution

Here is how Kalp Studio tackles the above listed issues:

Smart Contract Management

Our platform provides a single platform for smart contract development, deployment, and management. Additionally, we offer tools like ready-to-use smart contracts and smart contract auditor that increases your efficiency. We help you conduct code reviews, optimize smart contract code, and consolidate functionalities into a single contract where possible.

Data Storage Solutions

As a Blockchain-as-a-Service (BaaS) provider, we provide cloud-based blockchain infrastructure and management solutions. Businesses do not have to worry about the storage of problems as we take care of the blockchain infrastructure, be it development, configuration, and operation. Additionally, we offer decentralized storage solutions with Kalp Studio’s InterPlanetary File System (IPFS) integration.

Integration Solutions

Kalp Studio addresses redundancies faced during blockchain integration to the existing system. We offer pre-built connectors and adapters for commonly used enterprise systems to simplify integration and reduce development time. Additionally, our comprehensive API suite facilitates communication between the Kalp blockchain and your existing systems.

Scalability Solutions

We design a dApp that can accommodate a larger user base in the future. We offer off-chain data storage by utilizing the IPFS for decentralized storage of large data sets. We implement optimization strategies by continuously monitoring your dApp’s performance and scalability metrics. This ensures that the application can handle increased transaction volumes without sacrificing performance.

Conclusion

Blockchain technology offers plenty of benefits and you can leverage them by opting for Kalp Studio’s dApp development services. This way you don’t need to be concerned about the technical aspects of the underlying technology and can focus on creating your dApp. Simplify your journey today with our Web 3.0 infrastructure platform, contact us today.

#KalpStudio #BlockchainTechnology #Web3 #Blockchainappdevelopment #SmartContractBlockchain

[prince0786]

✅ Do's & Don'ts in SMS Service

👉 We usually check our phones when we receive an SMS. Most of the time we find the messages of our last transactional activity or maybe an OTP. Businesses took their time to understand Bulk SMS Service better, but once they found that beneficial, people started using Bulk SMS very aggressively. There are many companies that are using SMS services for their business promotion or giving updates to Banking, Finance, Commercial, Product-Based Companies, Service-Based Companies, etc. SMS service can be the best asset for generating and maintaining every business.

✅��Have a look over the Do’s and Don’ts of SMS Marketing:-

🟢 Do’s

✅ Find a perfect service provider

A service provider is one who can give you a platform for running an SMS Marketing campaign. They can even help you to get registered on the DLT platform & Assist you with Sender ID and Template approval for SMS Marketing Campaigns. A service provider gives a User Friendly and technologically advanced service panel to run SMS campaigns, the better panel they have, the more options you find.

✅ Keep the message short

Another thing to highlight is to keep the text minimal but connecting. In simple words, when you are making an SMS template then make sure to consider TRAI regulations. On the other hand, keep your message audience friendly and attractive so that they can have a better understanding.

🔴 Don’ts

❌ Wrong Timing

No one likes things that are at the wrong time and under SMS service the most important thing to keep in mind is timing. Send the SMS when your audience is active because that might be the first step toward the success of your SMS marketing campaign.

❌ Over-Bombarding of SMS

The message should be sent either once or twice not ten times because when we send more and more messages for conversion then there are chances that the customer might get irritated which could lead to the failure of the Bulk SMS campaign.

👉 Check Out Our Site If You Want More Information about Do’s and Don'ts in SMS Marketing

#sms marketing #bulk sms #sms campaign #bulk sms service #bulk sms service gateway