DiscoverDigital Bytes by Team Blockchain Radio; Powered By Cyber.FM
Digital Bytes by Team Blockchain Radio; Powered By Cyber.FM

Digital Bytes by Team Blockchain Radio; Powered By Cyber.FM

Author: James Tylee / Jonny Fry

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Each week on the Digital Bytes Show, James Tylee, founder Cyber.FM in the USA, talks to Jonny Fry from TeamBlockchain reviewing the latest Digital Bytes. They explore how, where and why Blockchain technology and/or Digital Assets are being used in various industries and jurisdictions globally. Cyber.FM Radio, a product of Distributed Ledger Performance Rights Organization (DLPRO LLC), was established in 2008 and has 4.6 million listeners across 140 countries.
178 Episodes
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Dr Stephen Castell responds to the Law Commission's final report on digital assets, contending that the Commission has erred by proposing a new legal status for digital and crypto assets that is unnecessary and scientifically incorrect. He argues that the Commission's attempt to distinguish between different sets of algorithmic data as a new category of property is a technical fallacy and that existing Common Law can address any legal concerns. Castell warns that the proposed new property status could lead to miscarriages of justice akin to past instances such as PO Horizon, and highlights the Commission's limited understanding of technical nuances in law making. Full Article Here
PayPal’s new stablecoin means it can offer payment services and products - PayPal’s USD (PYUSD) represents a significant shift beyond revenue generation, so positioning the company as a key player in the evolving digital economy. This move aims to go beyond conventional payment processing whereby facilitating transactions in emerging areas such as the metaverse and digital equities. PayPal’s new stablecoin means that it can now offer not simply payment services but tangible products that others such as Elon Musk's 'X' can now use and so further shape the digital economy's future. Full Article Here Asset tokenisation - DeFi's accessibility, transparency and security offers the promise to transform the financial sector and the way in which we trade assets. It could democratise financial services, especially in areas with few or unreliable financial institutions whilst making global transactions faster and more efficient. The worldwide tokenisation industry is predicted to grow to potentially $68trillion by 2030 as institutions complete their proof of works and scale their digitisation programs. Full Article Here Liquidity pools and the DeFi ecosystem - liquidity pools on decentralised exchanges are digital asset collections enabling automated trading on decentralised exchanges. Users trade directly using smart contracts and liquidity pools help make trading smoother, adjusting prices automatically based on the volume of buyers and sellers. Liquidity pools offer other advantages such as improving financial inclusion, can generate a passive income. The future of DeFi and liquidity pools is promising but security, scalability and regulation do need to be addressed. Full Article Here Has the Law Commission got it wrong regarding a ‘new, third type of property asset’? Dr Stephen Castell responds to the Law Commission's final report on digital assets, contending that the Commission has erred by proposing a new legal status for digital and crypto assets that is unnecessary and scientifically incorrect. He argues that the Commission's attempt to distinguish between different sets of algorithmic data as a new category of property is a technical fallacy and that existing Common Law can address any legal concerns. Castell warns that the proposed new property status could lead to miscarriages of justice akin to past instances such as PO Horizon, and highlights the Commission's limited understanding of technical nuances in law making. Full Article Here
How AI and blockchain can transform the supply chain - AI and blockchains are crucial to guarantee effective supply chain management. The two technologies may improve the experience for suppliers and end customers by driving higher automation and providing scalability, expanding connection across supply networks and enhancing traceability in commodity movement. AI and blockchain technology are increasingly being seen as solutions to help alleviate some of the problems associated with supply chain management. Full Article Here How can a small business get onto the metaverse? - whilst it may sound like an open-world game on steroids, the metaverse has attracted attention from a number of the largest businesses across the globe, with some having poured millions into obtaining real estate in the metaverse. Adidas purchased a plot of land in The Sandbox with plans to fill it with branded content and merchandise, and PwC's Hong Kong branch, not wanting to miss out on the potential benefits, also purchased virtual land in The Sandbox in 2022. Furthermore, companies such as Meta and Microsoft have developed entire virtual workplaces (Microsoft's Mesh and Meta's Horizon), albeit relatively simple constructs. Full Article Here Why is digital cash ‘on its way’? - arguably, the 2008 banking crisis spawned a desire to have an alternative form of cash/payments as taxpayers questioned why they were being forced to bail out the bankers. Trust in bankers took another hit with the LIBOR revelation and bankers being fined $9billion in 2015.  As society becomes ever more digitised, with the desire also to access services 24/7, it seem inevitable that cash is to be offered in a digital format. But this then raises concerns as to a potential loss of privacy….. Full Article Here Looking after your digital assets - interested in digital assets, but don't know where to start? Here we take a look at what digital wallets are, the difference between custodial and non-custodial wallets, and some tips on how to start. Full Article Here
blockchain's tokenization of real estate promises global accessibility, liquidity evolution and automated compliance. However, challenges include effective communication amidst growth, market valuation dynamics, legal complexities, user trust barriers and the maturation of secondary markets. The narrative unfolds at the intersection of transformative promises and intricate challenges in real estate tokenization. Who will be first to unlock the potential still remains to be seen, but the opportunity is tantalizing given the size of the real estate sector globally? Full Article Here
Blockchain identity management - today's traditional identity systems must be more inclusive, secure and cohesive. Blockchain-based identity management utilizes decentralized identifiers (DiDs) and verifiable credentials to revolutionize data security and user control. It empowers individuals with secure, portable and consent-driven digital identities, benefitting from enhanced privacy and accessibility. For businesses, this approach accelerates authentication, offers audit trails and improves customer interactions whilst reducing reliance on paper-based credentials. Full Article Here Tokenization of assets: what is the fuss about? - tokenization is the ground-breaking process of safeguarding sensitive data through tokens, akin to a hotel key card's transformation. Beyond data protection, it converts real-world assets into digital tokens, whereby redefining ownership. McKinsey's insights outline the nuanced tokenization process, emphasizing ‘atomic settlement’ advantages, so reshaping financial practices. The innovation digitizes assets from real estate to intangibles, revolutionizing transactions, cutting costs and challenging traditional currencies. Antony Abell of TPX Property Exchanges spotlights real estate's potential, unlocking trillions for real-time trading. In a digital era, tokenization emerges as a transformative force, reshaping how we perceive, trade and manage assets. Full Article Here Bitcoin ETF approval: what could it mean? - explore the whirlwind of events triggered by the approval of Bitcoin ETFs as Wall Street giants rush to capitalize on the crypto boom. Amidst a surge in institutional investment, Grayscale's Bitcoin Trust faces a massive exodus, revealing a shift towards more cost-effective ETFs. This article delves into the complexities of capital-protected products and profit-sharing mechanisms tied to Bitcoin, reshaping the crypto investment landscape. It uncovers the paradox of rising demand coinciding with a Bitcoin price dip and questions the global implications of SEC approval. Is this a watershed moment for mainstream crypto acceptance, or does it signal unforeseen challenges on the horizon? Full Article Here Real estate tokenization benefits and challenges - blockchain's tokenization of real estate promises global accessibility, liquidity evolution and automated compliance. However, challenges include effective communication amidst growth, market valuation dynamics, legal complexities, user trust barriers and the maturation of secondary markets. The narrative unfolds at the intersection of transformative promises and intricate challenges in real estate tokenization. Who will be first to unlock the potential still remains to be seen, but the opportunity is tantalizing given the size of the real estate sector globally? Full Article Here
Blockchain identity management - today's traditional identity systems must be more inclusive, secure and cohesive. Blockchain-based identity management utilizes decentralized identifiers (DiDs) and verifiable credentials to revolutionize data security and user control. It empowers individuals with secure, portable and consent-driven digital identities, benefitting from enhanced privacy and accessibility. For businesses, this approach accelerates authentication, offers audit trails and improves customer interactions whilst reducing reliance on paper-based credentials. Full Article Here Tokenization of assets: what is the fuss about? - tokenization is the ground-breaking process of safeguarding sensitive data through tokens, akin to a hotel key card's transformation. Beyond data protection, it converts real-world assets into digital tokens, whereby redefining ownership. McKinsey's insights outline the nuanced tokenization process, emphasizing ‘atomic settlement’ advantages, so reshaping financial practices. The innovation digitizes assets from real estate to intangibles, revolutionizing transactions, cutting costs and challenging traditional currencies. Antony Abell of TPX Property Exchanges spotlights real estate's potential, unlocking trillions for real-time trading. In a digital era, tokenization emerges as a transformative force, reshaping how we perceive, trade and manage assets. Full Article Here Bitcoin ETF approval: what could it mean? - explore the whirlwind of events triggered by the approval of Bitcoin ETFs as Wall Street giants rush to capitalize on the crypto boom. Amidst a surge in institutional investment, Grayscale's Bitcoin Trust faces a massive exodus, revealing a shift towards more cost-effective ETFs. This article delves into the complexities of capital-protected products and profit-sharing mechanisms tied to Bitcoin, reshaping the crypto investment landscape. It uncovers the paradox of rising demand coinciding with a Bitcoin price dip and questions the global implications of SEC approval. Is this a watershed moment for mainstream crypto acceptance, or does it signal unforeseen challenges on the horizon? Full Article Here Real estate tokenization benefits and challenges - blockchain's tokenization of real estate promises global accessibility, liquidity evolution and automated compliance. However, challenges include effective communication amidst growth, market valuation dynamics, legal complexities, user trust barriers and the maturation of secondary markets. The narrative unfolds at the intersection of transformative promises and intricate challenges in real estate tokenization. Who will be first to unlock the potential still remains to be seen, but the opportunity is tantalizing given the size of the real estate sector globally? Full Article Here
This article is from a 35-year veteran in financial markets, transitioning from lawyer’s bar exams to equity derivatives straddling traditional and crypto realms. Having enrolled in the London School of Economics' “Cryptocurrency and Disruption” program, he embraces the blockchain shift for transparency, efficiency and democratized access in derivatives trading as blockchain's transformative potential rebuilds a fairer financial ecosystem. The financial saga enters a new era, promising a seismic and thrilling ride. Full Article Here
Crypto trading robots - crypto trading bots bring automation to a wild landscape of cryptocurrency trading, promising efficiency amid volatility. Whilst they offer the promises of literally ‘making money as you sleep’, beware - they demand constant vigilance, technical know-how and a high level of trust in their programming. They navigate the unpredictable crypto realm all the while treading the line between profit and potential vulnerability to fraudulent activities. Full Article Here Digitalization of payments - the Regulated Liability Network (RLN) proposes a unified blockchain framework for digital payments, aiming to integrate regulated money and tokenized assets. It addresses interoperability challenges, emphasizing regulatory compliance and re-frames discussions from public versus private money to regulated versus unregulated money. Trials in the US and UK showcase its vision for a shared institutional network with the initiative, led by a firm called SETL, navigating regulatory complexities between stablecoins and tokenized deposits. As digital payments advance, a critical question emerges: who should spearhead the development of digital financial products - banks, global brands, or other regulated institutions? Full Article Here Blockchain's transformative role in loyalty programs - blockchain technology is transforming loyalty programs, tackling issues such as accessibility and uninspiring rewards. These programs, widely adopted by businesses, drive repeat sales but face problems such as complexity and repetitive rewards. Strategies such as simplifying access and diversifying rewards are key and blockchain's entry promises cost reduction, real-time operations, enhanced security and new business opportunities. However, challenges such as energy consumption, privacy and user adoption need careful consideration for seamless integration. Full Article Here Bitcoin about to join the big league - this article is from a 35-year veteran in financial markets, transitioning from lawyer’s bar exams to equity derivatives straddling traditional and crypto realms. Having enrolled in the London School of Economics' “Cryptocurrency and Disruption” program, he embraces the blockchain shift for transparency, efficiency and democratized access in derivatives trading as blockchain's transformative potential rebuilds a fairer financial ecosystem. The financial saga enters a new era, promising a seismic and thrilling ride. Full Article Here
Plastic Bank revolutionizes recycling by leveraging blockchain technology through its PlasticBank® app, so ensuring trust, real-time transactions and social impact. Collaborating with IBM, it has recycled 108 million kilograms of plastic resulting in benefitting 40,000 members across 500 communities. Its tech-driven approach, exploring AI's potential, aligns with a commitment to drive positive societal change. Full article here
Blockchain in the automotive industry: impact, success stories and future prospects - blockchain in the automotive industry has evolved from promising pilots to real applications, driven by EU investments and battery regulations. Early trials had faced market entry hurdles, but recent collaborations and projects are pushing for real-world applications. Success stories such as Xeal's EV charging tech and EU-backed initiatives showcase blockchain's role in sustainability. Innovations - such as Sila's battery tech and Minima's solutions - signal advancements, yet legal challenges and integration with autonomous vehicles persist. However, blockchain promises transparency, security and efficiency in vehicle management, with automakers such as BMW, Daimler, Ford, Volvo and Tesla leading adoption. Full article here Decentralized storage in blockchain - decentralized storage (a key facet of blockchain) revolutionizes data management by dispersing it across networks, prioritizing information over specific locations. It ensures security, redundancy and accuracy through encryption and fragmentation. Although offering enhanced privacy and reliability over centralized systems, it does face challenges such as security vulnerabilities and network dependencies, prompting crucial discussions about data management in our interconnected digital world. Full article here How stablecoins remain stable - stablecoins offer stability in the form of cryptocurrency by tethering/pegging/referencing their value to real-world assets such as fiat currencies or commodities. They promise reliability for transactions but depend on different mechanisms, requiring cautious use. Whilst countering crypto volatility they are not immune to market changes, marking a significant shift in digital payments and hinting at a transformative impact on traditional banking. Full article here Revolutionizing recycling: blockchain’s role in creating a wasteless world - Plastic Bank revolutionizes recycling by leveraging blockchain technology through its PlasticBank® app, so ensuring trust, real-time transactions and social impact. Collaborating with IBM, it has recycled 108 million kilograms of plastic resulting in benefitting 40,000 members across 500 communities. Its tech-driven approach, exploring AI's potential, aligns with a commitment to drive positive societal change. Full article here
If a friend or colleague would like to have their own weekly edition of Digital Bytes, please use this link to subscribe. To listen to the latest Digital Bytes Show on Cyber.FM, click here Finally, many thanks to all our subscribers and licence holders for the feedback they have given and for their suggestions of topics for us to analyse. If you have comments about any of the content in Digital Bytes or there are topics you would like to be covered, or if, for some reason any of the above links do not work, please contact: Jonny.Fry@TeamBlockchain.net. Digital Bytes has been written carefully to bring attention to developments in the Blockchain and Digital Asset sectors, but readers are recommended to take professional advice before taking any action based on any of the links and information above. TeamBlockchain Ltd does not take any responsibility for any action that may or may not be taken, loss or gain on receiving this edition of Digital Bytes.
Welcome to the last Digital Bytes for 2023. This week we review both the predictions we made this time last year and which of those came to fruition. Having consulted some of our Digital Bytes readers for their own predictions, we will dust off our crystal ball next week and gaze into the future to try and give some thoughts of what 2024 has to offer. Our 2023 predictions posted in Digital Bytes last December We would be very interested to know what your predictions are for 2024 And may we take this opportunity to wish you a peaceful and prosperous New Year which will hopefully be full of good times and much laughter.
Tokenizing 'real assets' involves representing title to tangible assets digitally. However, these assets are not singular: really they're just clusters of commitments. Shifting to tokens that represent these commitments, rather than ownership of conventional assets, could streamline finance, automate transactions through smart contracts, and simplify regulations, creating a more efficient and uniform financial ecosystem. Full Article Here
Navigating blockchain interoperability: challenges, data insights and solutions - despite recent successes such as Wormhole's funding, blockchain interoperability faces critical challenges. Security vulnerabilities, diverse trust models, technical complexities and impacts on DAOs, hinder seamless cross-chain communication. Innovations such as "state proofs" offer promise, but the industry grapples with balancing decentralisation, security and interaction across chains. Achieving true interoperability remains pivotal for blockchain scalability and efficiency. Full Article Here Digital €: does the ECB want its cake and eat it too? - the European Central Bank (ECB) is aiming to introduce a digital €, mirroring physical cash's accessibility and security in a digital form. The bank is navigating a delicate balance between public and private interests, seeking collaboration with existing financial players but also facing challenges in defining payment provider compensation whilst ensuring widespread adoption through banking apps. This cautious approach from the ECB prioritizes preserving Europe's financial autonomy, meanwhile modernising currency and fostering a competitive yet inclusive digital payments landscape. Full Article Here Evolution of virtual credit and debit cards (part 2): origins, mechanics and future innovations - born in the '90s to fight fraud, virtual cards are now set to lead a $254.93 billion industry by 2031. Yet the UK's anti-fraud charter battles £580 million losses; unique numbers, auto-deactivation and rewards propel virtual cards, set for a 355% spending surge by 2028. Stables' Mastercard is certainly shifting digital spending and can be acquired via your issuer's app. From fraud fighters to future money-makers, virtual cards redefine security in a fast-evolving financial world. Full Article Here A Better, Simpler Financial Ecosystems through Smart Tokens- Tokenizing 'real assets' involves representing title to tangible assets digitally. However, these assets are not singular: really they're just clusters of commitments. Shifting to tokens that represent these commitments, rather than ownership of conventional assets, could streamline finance, automate transactions through smart contracts, and simplify regulations, creating a more efficient and uniform financial ecosystem. Full Article Here
Auction houses embracing blockchain technology and digital assets - centuries old auction houses are embracing blockchain and digital assets, whereby safeguarding art's authenticity and enabling shared ownership through smart contracts and fractional ownership. The oldest houses, such as Christie’s, Sotheby’s and Phillips, lead this digital revolution and are redefining art's value and experience in the digital age. But could blockchain-powered platforms themselves disintermediate the auction houses and create new digital marketplaces that function globally 24/7? Full Article Here Integration of blockchain and high storage applications - blockchain technology's integration into high-storage applications seeks to tackle centralization issues in data systems, yet its suitability for massive data handling remains uncertain. Challenges in scalability persist, hence prompting exploration of solutions such as layer-two scaling, decentralized storage and sharding. Blockchain readiness for high-storage hinges on storage efficiency, data privacy, cost-effectiveness and interoperability. However, hurdles remain, requiring continued research to optimise blockchain's efficiency in managing extensive data volumes. Full Article Here Evolution of virtual credit and debit cards (part 1): Origins, mechanics and future innovations - this ground-breaking innovation in digital transactions originated in the late 1990s as a response help tackle the challenges of online fraud. The digital counterparts to physical credit and debit cards, these cards generate unique, temporary numbers for each transaction and offer users enhanced security and convenience. Overall, virtual card payments represent a transformative force, redefining global transactions with their strengths. Full Article Here Building a digital asset infrastructure - this article delves into the evolving digital asset landscape as traditional financial institutions embrace blockchain and DLT. Archax and Montis focus on Custody and Post-Trade Efficiency. Custodians' roles are expanding to manage diverse assets, whilst Montis, a DLT-based CSD, offers streamlined post-trade processes. Amidst regulatory complexities, these advancements aim to reshape finance by enhancing security, reducing costs and enabling interoperability. Full Article Here
This article delves into the evolving digital asset landscape as traditional financial institutions embrace blockchain and DLT. Archax and Montis focus on Custody and Post-Trade Efficiency. Custodians' roles are expanding to manage diverse assets, whilst Montis, a DLT-based CSD, offers streamlined post-trade processes. Amidst regulatory complexities, these advancements aim to reshape finance by enhancing security, reducing costs and enabling interoperability. Full Article Here
As part of our Era of Convergence series where we explore the coming together of traditional and decentralized finance, we have been exploring what 2024 holds as the narrative for more tokenized assets and the uses for blockchain platforms take focus. However, gaps persist in institutional understanding and public-private cooperation. Education plays a pivotal role in bridging these gaps, and understanding the application of blockchain in holding digital assets or tokens is essential, extending beyond mere investments.
Stablecoin revolution: the future of finance? - stablecoins (pegged to fiat currencies) revolutionize finance, offering swift, low-cost transactions amidst crypto market volatility. Dominating in Brazil and driving global remittances, stablecoins such as USDT and digital assets are reshaping cross-border transactions. However, regulatory hurdles and debates amongst financial leaders underscore the challenges in balancing innovation and oversight. These digital instigators stand at the cusp of transforming monetary systems, but questions persist about unforeseen challenges and their true impact on global finance. Full Article Here Asset managers: digitize or die? (part 2) - the trend of asset management digitization is accelerating, with major global players adopting blockchain and tokenization. However, the dominance of tech giants in cloud services challenges blockchain's decentralization. This shift may revitalize traditional stock exchanges whilst also potentially signalling a decline in conventional funds. Furthermore, accessible fractional ownership of digital assets could prompt investors to favour AI-driven portfolio management. The question looms: will asset managers embrace digitization and unknowingly face industry transformation or demise? Full Article Here Microsoft engages with zkSync - why did Microsoft forge a partnership with ZkSync, a leading Ethereum Layer 2 platform? Delving into the motivations. So, what prompted this alliance, and what hurdle did Tziokas foresee? Microsoft and zkSync are collaborating to revolutionize Ethereum's capabilities via zero-knowledge cryptography, with the partnership aiming for Web3 mass adoption - so addressing regulatory challenges whilst prioritizing decentralization for heightened security. Despite the identified bugs, this alliance signifies a transformative leap for blockchain infrastructure, led by industry giant, Microsoft, poised to reshape decentralized innovation. Full Article Here Will 2024 herald the rise of institutional digital assets? - as part of our Era of Convergence series where we explore the coming together of traditional and decentralized finance, we have been exploring what 2024 holds as the narrative for more tokenized assets and the uses for blockchain platforms take focus. However, gaps persist in institutional understanding and public-private cooperation. Education plays a pivotal role in bridging these gaps, and understanding the application of blockchain in holding digital assets or tokens is essential, extending beyond mere investments. Full Article Here
Some crypto purists argue that the introduction of a Bitcoin Exchange-Traded Fund (ETF) could pose risks to the fundamental principles of decentralization in the cryptocurrency space. These individuals, who prioritize the original ethos of cryptocurrencies, express concerns that an ETF might subject Bitcoin to increased regulatory oversight and institutional involvement, potentially compromising its decentralized nature. The worry is that such financial instruments could lead to centralization of ownership, expose Bitcoin to market manipulation, and deviate from the core principles that have attracted many to the crypto ecosystem. But... do we? *Ignore our sailor potty mouths if you must.
The imminent convergence of AI, blockchain and standardized reporting is reshaping financial disclosure. It highlights the potential transformative power of these technologies but raises critical questions. Does this convergence genuinely fortify compliance, or might it obscure challenges? And how might swift adoption affect financial stability and regulatory response in our dynamic economic landscape? It navigates the evolving intersection of innovation and regulation, inviting reflection on its broader impact. Full Article Here
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