S5 E37 - 11th Sept 2024 Digital Bytes with Jonny Fry and James Tylee featuring Diana Finch
Description
NFTs and historical preservation - the advent of blockchain technology has brought about revolutionary changes across various sectors, and the realm of cultural heritage is no exception. Non-fungible tokens -unique digital assets verified using blockchain technology - have emerged as a powerful tool for the digitisation, preservation and monetisation of cultural heritage. Digital assets are also transforming the way we protect, share and benefit from our cultural legacy - being embraced by global museums and even the Vatican.
Stablecoins: PayPal wants a slice of the action - the competition for stablecoins is heating up as new entrants eye the profits that traditional providers such as Tether and Circle have enjoyed. However, PayPal’s recent entry into the market with PYUSD has introduced a disruptive model. Offering high-yield incentives through DeFi platforms, PayPal has quickly gained traction, forcing a potential rethink amongst its competitors. This new landscape may transform stablecoins from mere stability tools into attractive investment options, so challenging the status quo and blurring the lines between traditional and decentralised finance.
Understanding decentralised insurance - decentralised insurance is a transformative model that leverages blockchain technology and smart contracts to revolutionise the insurance industry. By eliminating intermediaries and automating processes, decentralised insurance enhances transparency, efficiency and accessibility, potentially lowering costs and increasing financial inclusion. So, does the future of decentralised insurance lie in hybrid models, integrating traditional and decentralised approaches, thus paving the way for more resilient and inclusive risk management solutions?
Lessons from the Bristol Pound Project and thoughts on digital money - the world-famous Bristol Pound local currency looks beyond localisation currencies to imagine the full potential of new technologies to change our socio-economic system. Whilst money is a tool for markets and creates a de facto and failing governance system for the world, a correctly designed form of payment could provide the building blocks of a commons-based economy.
United States
