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Report: More than 65 Ways Blockchain Technology Can Fix Global Environmental Challenges

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environmental challenges blockchain

San Francisco, United States, 14 September 2018 – A new World Economic Forum report released today at the Global Climate Action Summit in California identifies more than 65 ways blockchain can be applied to the world’s most pressing environmental challenges and calls for new global platforms to incubate ‘responsible blockchain ecosystems’ rather than just individual applications or companies.

Produced in collaboration with PwC, Building Block(chain)s for a Better Planet also identifies eight game-changers where the technology can fundamentally transform the way the world manages its natural resources. These range from decentralising management of natural resources such as energy and water, to creating more transparent supply chains that drive greater sustainability, and providing new mechanisms for raising the trillions of dollars that will be needed to deliver low-carbon and sustainable economic growth.

Blockchain-enabled solutions are currently being explored to improve the sustainability of global supply chains and could help overcome illegal activities by tracking fish from “bait to plate”, or commodities like palm oil, beef, and soy from “farm to fork”. Such transparency is vital in influencing consumer decisions, updating supply chain practices and triggering new governance arrangements. Blockchain-enabled smart contracts could, for instance, be used to underpin innovative tenure arrangements that give specific resource rights to communities or fishers.

According to the report, these and other opportunities have been largely untapped by developers, investors, and governments, and represent an opportunity to unlock and monetise value that is currently embedded in environmental systems.

environmental challenges“Blockchain’s potential to fundamentally redefine how business, government, and society operate has generated considerable hype,” said Sheila Warren, Head of Blockchain and Distribute Ledger Technology at the World Economic Forum’s Centre for the Fourth Industrial Revolution. “Despite this hype, there are many challenges to overcome – it is still a nascent technology undergoing rapid development. Now is the right time for stakeholders to work together to ensure the development of responsible blockchain solutions that are good for people and the planet.”

Celine Herweijer, Partner, PwC UK, added: “It is important for anyone thinking about developing or investing in a blockchain application for the environment to take a step back and ask three essential questions: will blockchain solve the actual problem, can downside risks or unintended consequences be acceptably managed, and has the right ecosystem of stakeholders been built?”

If harnessed in the right way, blockchain has significant potential to enable the transition to cleaner and more resource-preserving decentralised solutions, unlock natural capital and empower communities. This is particularly important for the environment, where the tragedy of the commons and challenges related to non-financial value are prevalent.

“If history has taught us anything, it is that these transformative changes will not happen automatically,” said Dominic Waughray, Head of the World Economic Forum’s Centre for Global Public Goods. “They will require deliberate collaboration between diverse stakeholders ranging from technology industries through to environmental policy-makers, and will need to be underpinned by new platforms that can support these stakeholders to advance not just a technology application, but the systems shift that will enable it to truly take hold.”

Building Block(chain)s for a Better Planet forms part of a series of reports from the Fourth Industrial Revolution for the Earth project, run in association with the World Economic Forum Centre for the Fourth Industrial Revolution.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Investors in Africa Can Now Purchase Stocks from the US Market Using Cryptocurrencies

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Passfolio

Passfolio is a new investment app that’s calling the attention of the market. Through its US registered broker-dealer, Passfolio Securities, the company aims to democratize the access to US investments in countries like Nigeria, by allowing investors to trade 3,800+ US stocks, ETFs, and REITs from the US market with no commission fees*.

PassfolioRecently, Passfolio has been growing in African countries like Nigeria and wants to facilitate access to US investments in the region. David Gobaud, Passfolio’s founder and CEO, says:

“People outside the United States often need hundreds of thousands of dollars to invest in the US stock market – we reduce the minimum to $1 to invest in US stocks of your favorite companies”.

What makes Passfolio different from other brokers? Simply put, the possibility of trading and funding your account with cryptocurrencies, through Passfolio Financial*.

Passfolio makes it possible for users to fund their accounts using cryptocurrencies by first converting them into dollars through Passfolio Financial, then moving the dollar proceeds to their brokerage accounts at Passfolio Securities, where users are then able to buy stocks. This way, investors can deposit Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash and other cryptocurrencies and access the US market.

The full list of cryptocurrencies supported by Passfolio (through Passfolio Financial*) can be found below. You can deposit and trade all of them in the app:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Zcash (ZEC)
  • Filecoin (FIL)
  • 0x (ZRX)
  • Aave (AAVE)
  • Amp (AMP)
  • Basic Attention (BAT)
  • Balancer (BAL)
  • Chainlink (LINK)
  • Compound (COMP)
  • Curve (CRV)
  • Dai (DAI)
  • Decentraland (MANA)
  • Kyber Network (KNC)
  • Maker (MKR)
  • Orchid (OXT)
  • Pax Gold (PAXG)
  • Ren (REN)
  • Storj (STORJ)
  • Synthetix (SNX)
  • Uma (UMA)
  • Uniswap (UNI)
  • Yearn Finance (YFI)

To invest with Passfolio, the first step is to complete your registration. The registration can be done in a few minutes through this link, and you will be asked for some basic information. Then, the account is typically approved in a few hours and you’ll be able to add funds to your account and start investing.

For US stock trades, Passfolio Securities offers commission-free* trading for assets priced at $5 or more. You can check all other fees that may apply on Passfolio’s website: http://passfolio.us/fees

*Securities less than $5 cost $0.02/share. Please see Passfolio’s disclosures on other charges.

Disclosures:

Passfolio LogoPassfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure.

Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker-dealer. Cryptocurrencies are not protected by either

FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert them into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

Please see Passfolio’s fractional shares disclosure.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Nigerians Living in South Africa Can Now Verify Their Remitano Accounts Using Their Nigerian Documents

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The Remitano ecosystem is a community built on trust, this is why every Remitano user must complete their KYC to gain full access to the entire features of Remitano.

Remitano LogoOver time, we realized that a lot of our Nigerian users who have migrated and now live in South Africa are finding it difficult to verify their accounts due to the lack of proper South African documents. As a result of our pledge on continuous improvement, we are now allowing Nigerian traders in South Africa to verify their Remitano accounts using their Nigerian identification documents.

South Africa based Nigerians can now use their Nigerian government-issued National Identity card, Driver’s license, international passport, or Voters card to verify their Remitano account despite they no longer live in Nigeria.

This is part of Remitano’s effort in a bid to enhance borderless access to financial and cryptocurrency services. Remitano strives on making cryptocurrency trading easy for its users regardless of nationality and location.

What Exactly is KYC and Why Do You Need to Complete It?

KYC is an acronym for “Know Your Customer.” It is a means for Remitano to verify its users by requesting and verifying their personal details.

There are five levels of KYC in order to enjoy the highest trading experience on Remitano. The level of KYC you complete will determine your daily deposit and withdrawal limits.

Level one verification requires phone number verification only. This allows users to buy up to $1000 worth of cryptocurrency. However, you would not have access to your Remitano fiat wallet.

Level two verification involves document verification. It involves the confirmation of your identity by providing your government-issued ID card. This will help remitano verify the personal details and address you provided during registration. Level two users can buy cryptocurrencies worth $100,000 per day with a daily withdrawal limit of $1000.

Level three verification requires your bank verification. You need to verify your bank detail to make fiat deposits and withdrawals. Level three increases your buying limit to $200,000 per day and withdrawal limit to $2,500 per day.

Level four and five KYC are for long term traders, and you will need to complete the first three levels. Learn how to complete level 4 and 5 KYC.

The acceptance of KYC (Know Your Customer) has made Remitano one of the most secured peer-to-peer crypto exchange platforms as it has recorded no scam attempts.

The KYC has been used to filter out users with bad intentions and ulterior motives. Traders and investors on Remitano carry out their activities without the fear of being scammed and ripped off their hard-earned money.

Complete your KYC now and begin to buy bitcoin in South Africa on Remitano!

About Remitano

Remitano is a product of Babylons Solutions Limited based in Seychelles. Remitano’s purpose is to offer a robust, quality trading experience to all users as a fast-moving marketplace. With necessary safety standards in place, buyers and sellers can come together, store, trade, and withdraw assets, thus avoiding issues common to other crypto exchanges.

Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.

Got Questions?

Reach out to Remitano via:

Email: team@remitano.com, marketing@remitano.com

Socials: Facebook, Twitter, Reddit, and LinkedIn

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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PixelPlex Introduces DocFlow – Intuitive Blockchain-Powered Document Management System

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Pixelplex

PixelPlex, a custom software development company with a focus on blockchain technology, has recently launched its blockchain-based document management software that is called DocFlow.

DocFlow, the solution that was built on Hyperledger, is able to digitise the entire paperwork process. It’s based on advanced smart contract mechanisms that guarantee data security and authenticity. Thanks to this ingenious project, users will be able to skip time-consuming document processing routines, exclude all intermediaries, save valued resources via zero transaction fees, and protect data at all levels through multi-tier role-based and coded access.

PixelplexThe developers at PixelPlex point out that DocFlow’s infrastructure is not that complex. It consists of Web UI for administrators, database on the back-end and a blockchain network, secure API gateway for data access as well as user interface for document storage and access. This business document management system is universal and comes in really handy when dealing with the issues around electronic file turnaround. 

DocFlow can be seamlessly integrated, safely used, and accessed from anywhere on any device. Apart from this, it complies with GDPR at all times, has a transparent doc history through time-stamped blocks, rules out fraud via built-in proof of origin techniques, safeguards and decentralises your data storage with distributed ledger tech, automates document processing, issuance, and retrieval.

PixelPlex blockchain-based document management software will correspond to the requirements of almost all enterprises. Among them, there are such industries as Supply Chain, Healthcare, Real Estate, Telecommunications, eCommerce, Energy and Utilities, Engineering and Construction, Accounting, Finance, Legal, and Insurance. 

When integrating DocFlow, the PixelPlex team offers their specially designed 5-step implementation model:

  • Initiate DocFlow from the blockchain network’s side
  • Initiate the solution from your company’s side
  • Register admins and users
  • Integrate third-party services if needed
  • Start working with documents, nice and easy

About PixelPlex 

A blockchain provider with 7+ years of experience and 50+ successfully completed blockchain projects. They power their DLT products with AI, IoT, and cybersecurity advances. Learn more at www.pixelplex.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this press release. 

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