Tokenisation could drive real-time cross-border payments, Ant Group CEO Eric Jing Xiandong told an audience at Hong Kong FinTech Week on Monday, a topic he elaborated on while extolling the progress that Alipay has made in the city. “With tokenised deposits, that’s a really, really, really huge value for cross-border payments,” Jing said in a … Read more
The lack of interoperability is a major hurdle hindering the growth of the blockchain ecosystem. As long as blockchain networks remain fragmented, achieving a user experience (UX) robust enough to onboard one billion users to Web3 will remain a formidable challenge. The blockchain community recognises this issue, with developers actively building various protocols to address … Read more
New Delhi: India now has one of the largest Web3 ecosystems in the world, with more than 1,000 startups and over 35 million traders, a new report showed on Tuesday. The country’s share of Blockchain developers globally increased from 3 per cent in 2018 to 12 per cent last year, reaching highest share among the … Read more
Decentralised financial instruments heavily influenced the last major bull run during the pandemic. Since then, the crypto industry has seen a Web3 uprising. Between 2022 and Q1 2023, Web3 projects submitted over 8500 NFTs and nearly 6,000 cryptocurrency trademark applications. The next bull run will likely be centred around the practical application of Web3 solutions … Read more
China’s Ministry of Industry and Information Technology (MIIT) has assembled 60 experts, including some from the country’s largest technology firms, to form a new working group to establish standards for the metaverse sector. Representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and NetEase, web search and artificial intelligence champion Baidu, financial … Read more
In the last decade, blockchain — the technology layer of Web3 — has shown potential to transform industries beyond finance. The key traits of blockchain solutions, such as automated smart contract execution, tamper-proof ledgers and advanced privacy protection, allow us to minimise human error and fraud. It makes these attractive for any sector, from healthcare … Read more
