By interconnecting inflationary and deflationary currencies we can allow free market forces to dictate inflation or deflation, as opposed to the current standard of central figures making what can be arbitrary decisions on which way to direct the economy. Backing inflationary currencies with deflationary currencies, and providing a gateway for people to freely exchange back and forth will aid the free market in naturally settling upon what interest rates should be. This would signal an end to the era of perpetual growth based on central fiscal policy, and the sometimes deceptive ways of measuring economic progress.
Liberty Leaf Holdings Ltd. has announced a partnership with BLOX Labs Inc, for the development of a blockchain-based smart contract platform for use in supply chain management within the legalized Cannabis industry. When complete, cannaBLOX will provide the supply chain transparency necessary to gain the trust of regulators.
Op-Ed: World Funding Summit in Los Angeles on November 17 and 18 has Attracted some of the Brightest Minds in the World of Alternative Finance.
The World Funding Summit will attract some of the brightest minds in the world of alternative finance as they gather for a two-day conference in Los Angeles on November 17 and 18, 2017. Among them, Alan Yong, Co-Founder of DNotes, who will be sharing his in-depth knowledge of cryptocurrency, blockchain technology, and ICO’s; concepts that are not yet fully understood in many prominent financial circles. He will be informing entrepreneurs of the benefits these new platforms can offer in their efforts to raise additional capital, and sharing his expertise accrued through 40 years of business experience combined with insights gained as CEO of a promising cryptocurrency based corporation. Mr. Yong has said this will be the perfect opportunity to showcase DNotes.
Did you know that digital currency is already providing a degree of monetary sovereignty for countries whose governments have abandoned their nation currencies – like Greece and other countries in Europe where citizens are forced to use the Euro? There is no denying that Bitcoin can fulfill this function up to a certain point. However, it’s important to consider whether the consensus of direction required for large-scale mass adoption is possible without a more centralized leadership model. After all, where money is concerned, individuals without a common set of interests will always look out for their own interests first and foremost. Strong and united leadership can not only aid in protecting the value of any cryptocurrency; it can also help to unite large groups of individuals and provide them with the common interests and long-term goals needed to help stabilize that currency’s value.
Domestic governments who provide foreign aid need to start thinking about how a global digital currency could help provide more accountability for the money their taxpayers contribute to developing nations. Charities also need to be mindful of this new type of currency that is on the verge of being ready for mainstream adoption; carrying the potential to increase transparency for donors, digital currency is a topic they best be informed on. Backed by blockchain technology, cryptocurrencies are paving the way for comprehensive donation tracking, and have the potential to streamline audit efficiency. Fund distribution can be monitored in near real-time, therefore discrepancies or irregularities that look suspicious can be reported immediately. People would also be more likely to send money to private charities if donors could see the entire contribution making its way directly to those in need.