DeFi transforming lending routes on the blockchain

The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As the crypto ecosystem has grown to a $2-trillion industry by market capitalization, new products and offerings have emerged thanks to burgeoning innovation in blockchain technology. Lending and borrowing have become an integral part of the crypto ecosystem, especially with the emergence of DeFi. Lending and borrowing are one of the core offerings of the…

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How blockchain technology is transforming climate action

The United Nations Climate Change Conference of November 2021, known as COP26, in Glasgow, Scotland urged the world to commit to curbing contributions to carbon emissions. Achieving a net-zero world in less than 30 years is causing many to turn to blockchain technology, buy carbon offsets, and spark renewed interest in carbon capture. The United Nations Environment Programme (UNEP) has identified transparency, clean energy, carbon markets and climate finance as areas where blockchain technology can accelerate climate action. At the 2017 Paris Summit, the UN Climate Change Secretariat joined a…

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DLT is Transforming Global Supply Chains

In an interview with Cointelegraph, Rupert Colchester, the head of blockchain at IBM Australia and New Zealand, discussed how distributed ledger technology is transforming supply chain systems worldwide. Colchester also provided insight into some of IBM’s current blockchain initiatives and the state of the industry in Australia, and he shared his excitement for the emerging era of digitization that DLT is driving. Cointelegraph: What is the state of blockchain adoption within Australia at present? Is Australia behind or ahead of the curve regarding DLT? Rupert Colchester: I think Australia’s progress…

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