Digital Bytes by Team Blockchain Radio; Powered By Cyber.FM

James Tylee, veteran Wall Street algorithmic programmer and general ‘geek’ (having set up the world’s first radio station 15 years ago that pays listeners crypto for simply listening), recently turned his hand to interviewing ChatGPT and gleaned its perspective of digital assets and blockchains. The results, whilst not perfect, offer much insight - especially for the uninitiated. Full Article Here

The impact of DeFi on traditional financial intermediaries  - decentralised finance (DeFi) is a term for an ecosystem that is focused on banking, insurance and asset management services which operate on blockchain-powered platforms and are not typically controlled by a single organisation. DeFi removes the need for intermediaries, banks, asset managers and other financial entities so that people c...

Interested in digital assets, but don't know where to start? Here we take a look at what digital wallets are, the difference between custodial and non-custodial wallets, and some tips on how to start. Full Article Here

How AI and blockchain can transform the supply chain  - AI and blockchains are crucial to guarantee effective supply chain management. The two technologies may improve the experience for suppliers and end customers by driving higher automation and providing scalability, expanding connection across supply networks and enhancing traceability in commodity movement. AI and blockchain technology are in...

Introducing the Commissioner for digital money: safeguarding privacy and rights in the age of programmable money  -   The global race to develop Central Bank Digital Currencies (CBDCs) and Stablecoins has quietly created unprecedented challenges across the world. The intrinsic programmability of this money and the oceans of new and valuable  centralised data  produced daily create chronic as well...

this article looks at the controversial topic of flawed accounting rules that are designed to hide the truth about the health and solvency of the banking system. The level of accountancy inconsistencies in many global banks would appear to be largely ignored. Surely there is a need for greater transparency for the sake of shareholders and depositors as well as for regulators to maintain confidence...

Blockchain governance  - blockchain governance creates the rules by which a blockchain will function, so enabling users to determine which blockchain is the most appropriate for them to select. It helps to coordinate code updates, and enable technological improvements, financial allocation and power distribution. Some blockchains have a decentralised network but a  centralised  basis for governanc...

This podcast covers the article written by Luc Falempin co-founder Tokeny, that   delves into standard ERC3643’s history and development, offering insight into the technical and conceptual breakthroughs that have made it the smart contract standard for permissioned tokens. It is a versatile protocol, suitable for digital assets which require controls on permissionless networks. Its built-in, priva...

Web 3.0: a new pathway for health?  - the way in which we use the internet has evolved to where Web 3 is able to empower individuals and give them the ability to control their data (especially healthcare information) as opposed to big tech firms controlling and monetising their information. Blockchain is the technology behind Web 3.0 and is being used to secure patient data whereby bringing transp...

As regulation of cryptoasset activities becomes more extensive, judicial oversight of regulatory decisions becomes more important and the Financial Services and Markets Bill is expected to considerably expand regulatory rules relating to crypto assets. In light of this, it is of interest to examine developments that have arisen from judicial oversight of cryptoasset regulation so far. Full Article...

Financial institutions aligning to crypto custody regulation in the UK, US & EU  - in the light of well- publicised scandals, bankruptcies and collapse of established financial institutions and digital asset service providers, regulators around the world are working hard to finalise regulatory frameworks within the crypto industry. There is a raft of regulatory bodies attempting to apply contr...

2022 was a rocky year for the digital asset market and so how can trust be restored? Is it a question of waiting for more regulation, or should the industry heal itself? In a new Financial Markets Insights report on Restoring Trust in Digital Assets, The Realization Group interviewed 14 industry CEOs and leaders to find out their views on what to expect next. What caused the crisis and how has the...

Carbon credits and the reshaping power of blockchain  - blockchain technology is being used to help create a more transparent and efficient carbon credits market. The demand for carbon credits has grown significantly with the increasing focus on mitigating climate change and reducing carbon emissions. However, the existing carbon credits market is fragmented and lacks perspicuity, making it diffic...

The recent high-profile failure of multiple US banks has highlighted counterparty risk as a major concern for businesses depositors. This article looks at how cryptocurrencies can offer an alternative for businesses when it comes to treasury management because of their decentralised structure that reduces counterparty risk and also that it offers faster transaction processing, lower transaction fe...

The UK Treasury's proposals are making a concerted effort to bring crypto asset activities onshore, at least to the extent that firms wish to market directly to UK customers. The UK also remains committed to driving the international regulatory agenda by shaping a baseline of global regulatory standards to mitigate regulatory arbitrage opportunities and ensure that customers are not driven to...

A guide to Web3 architecture  - there is an increasing consensus that blockchains should be built modularly. A core blockchain needs to be safe, decentralised enough, and have good throughput. Through second-layer protocols, side chains and other modules, it should be able to handle large volumes of data. Single parts should be maintained and updated without taking the whole blockchain down. Throu...

- blockchain is a phenomenal technology, with the potential to transform the way in which assets are traded. So far, it has been used largely by deregulated actors - often via centralised exchanges. Currently, the pre-eminent use case for tokenisation is trading real world assets, but its reputation has been dragged through the mud. Full Article Here

Are stablecoins safer than bank deposits?  -   stablecoins, whilst miss-named (as surely it would be better to call them ‘pegged’ coins), can offer a much lower risk for those who have large amounts of cash compared to leaving money in a bank. Stablecoins can provide greater transparency and security whereby removing the risk of depositors being exposed to bankers lending their cash to other peopl...

with the many different types of blockchains available to launch a token, or to build decentralised applications (dApps) on, which one is the most popular? According to Electric Capital’s Developer Report, Ethereum is still the most popular. But there is an interesting mix of other blockchains making up the top 10 that should be considered, or at least explored, when venturing into the blockchain...

How blockchain and AI can complement each other  - the rise of artificial intelligence (AI) has been astronomical but it comes with challenges, such as copyright problems. Lawsuits are currently rocking top players in the AI art industry, but is there any way that blockchain could solve this problem? And, what are the intersections and points between AI and blockchain technology? Full Article Here...

Custody of digital assets: an inflection year in 2023? - imagine a counterbalance with four weights: north, south, east and west. On the north and south scales, you have financial institutions (Tradfi & DeFi) balanced with the regulator, and on the east and west scales, you have security balanced with speed. With this in mind, you will begin to understand the elements driving custody in the wo...

Fractional ownership of real estate - fractional ownership of real estate traces its roots back to the 1960s in the form of REITs and timeshares. Whilst the size of tokenised real estate is relatively small at $200billion - given that the global real estate market is over $326trillion - there is huge scope for growth of tokenised real estate. Since residential property sector accounts for 80% of t...

Much has been written and discussed about the ‘crypto winter’ that has hit the cryptocurrency industry, so how can players set about speeding up the arrival of spring? It is vital to rebuild trust through governance, education and protection - including partnering with banks to explore ways of innovating and further protecting customers. Crypto-bank partnerships could be key to strengthening custo...

Welcome to this week’s Digital Bytes. This week we have analysis on the following topics: The scalability of DLTs and blockchains One of the reasons for not using DLTs and blockchain-powered platforms was that they were considered to be unscalable. However, there are now a number of examples where DLTs/blockchains have been deployed  - indeed, handling huge amounts of data quickly and in a ve...

Sean Kiernan, Founder of Greengage, talks about the company's motivation to produce a comprehensive and continuously updated Crypto Glossary to help parliamentarians, regulators, market practitioners and the public at large to become more comfortable with ‘the lingo’ and be better informed about new cryptos, digital assets and technologies.