Blockchain
Strengthening Blockchain Ties: Bharat Web3 Association Partners with International Bodies
The Bharat Web3 Association (BWA) has signed a memorandum of understanding (MoU) with the Digital Economy Council of Australia (DECA) and Asosiasi Blockchain Indonesia. This collaboration aims to foster innovation and speed up the global adoption of blockchain technology.
Key Objectives of the MoU:
– International Standards Alignment: Ensuring that members follow global best practices in blockchain.
– Knowledge Sharing: Promoting the exchange of insights and expertise within the industry.
– Industry Development: Supporting the growth of blockchain within India’s Web3.0 landscape.
– Global Standards: Working towards creating unified standards for blockchain implementation.
The MoU, signed on September 25, 2023, is part of BWA’s continuous effort to expand its global partnerships.
Industry Insights:
Dilip Chenoy, BWA’s chairperson, highlighted India’s strength in the digital economy, stating, “India is the third-largest digitalized economy in the world, providing fertile ground for Web3 innovation and positioning India as a global hub for Web3-first products and services.”
Previous Collaborations:
Prior to this agreement, BWA had partnered with industry organizations in Singapore and Japan, underscoring its commitment to creating a global blockchain ecosystem.
Advocacy for Blockchain Adoption:
BWA has been a strong advocate for the use of blockchain technology, promoting a regulatory sandbox approach, which allows businesses to test new ideas under regulatory oversight. Key initiatives include:
– Working with the Telangana government to transfer funds to women and tokenize real estate using a regulatory sandbox.
– Deploying blockchain projects with the governments of Maharashtra and Rajasthan to improve transparency in government programs and auditing.
– Proposing the establishment of a regulatory sandbox to the Karnataka government to promote blockchain solutions in governance.
Web3 Growth in India:
India’s Web3 ecosystem is thriving, with over 1,000 Web3 startups and a growing share of global Web3 developers, rising from 3% in 2018 to nearly 12% in 2023. This highlights the country’s growing potential in the Web3 space.
Key Highlights:
– MoU Signed: BWA has partnered with DECA and Asosiasi Blockchain Indonesia to drive blockchain adoption.
– Focus Areas: International standards alignment, knowledge sharing, industry development, and the establishment of global standards.
– Founding Members: Includes major firms like CoinSwitch Kuber and Polygon.
– Blockchain Advocacy: BWA promotes blockchain adoption through regulatory sandboxes, partnering with state governments.
– Web3 Growth: India has over 1,000 Web3 startups and is steadily increasing its global developer share.
This partnership is a significant step in positioning India as a key player in the global Web3 landscape, further boosting blockchain adoption and innovation.
Source: pune.news
The post Strengthening Blockchain Ties: Bharat Web3 Association Partners with International Bodies appeared first on HIPTHER Alerts.
Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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