#Building Ecosystem Governance Frameworks

[paul4innovating]

How to Design and Resolve Effective Business Ecosystem Governance.

Building Effective Business Governance has multiple challenges. We must emphasise the importance of ecosystem governance, providing a comprehensive structure for designing a practical framework. The robustness and depth of Governance understanding make or break Business Ecosystems. Building a robust governance framework clarifies that managing business ecosystems is not for the faint-hearted or…

[allthecanadianpolitics]

Conservationists say they have high hopes a proposed shift in B.C. policy could result in revolutionary change for forest protection. The province is currently conducting consultations on its draft Biodiversity and Ecosystem Health Framework, which it describes as “a new and strategic direction for a more holistic approach” to stewarding land and water resources for future generations. The policy builds on a three-way deal between the province, federal government and the Indigenous-led First Nations Leadership Council announced earlier this month to protect 30 per cent of B.C. lands and waters by 2030.

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Tagging @politicsofcanada

[reasonsforhope]

It has been almost two decades in the making, but late on Saturday night in New York, after days of gruelling round-the-clock talks, UN member states finally agreed on a treaty to protect the high seas.

A full day after the deadline for talks had officially passed, the conference president, Rena Lee of Singapore, took to the floor of room 2 of the UN headquarters in New York and announced that the treaty had been agreed. At a later date, the delegates will meet for half a day to formally adopt the text. She made it clear the text would not be reopened.

“In Singapore, we like to go on learning journeys, and this has been the learning journey of a lifetime,” Lee said.

She thanked delegates for their dedication and commitment. “The success is also yours,” she told them.

She received cheers and a standing ovation from delegates in the room who had not left the conference hall for two days and worked through the night in order to get the deal done.

Pictured: The Intergovernmental Conference on Biodiversity Beyond National Jurisdiction congratulating its President, Ambassador Rena Lee, on the successful conclusion of the BBNJ treaty.

The historic treaty is crucial for enforcing the 30x30 pledge made by countries at the UN biodiversity conference in December, to protect a third of the sea (and land) by 2030. Without a treaty, this target would certainly fail, as until now no legal mechanism existed to set up MPAs [Marine Protected Areas] on the high seas.

Ocean ecosystems produce half the oxygen we breathe, represent 95% of the planet’s biosphere and soak up carbon dioxide, as the world’s largest carbon sink. Yet until now, fragmented and loosely enforced rules governing the high seas have rendered this area more susceptible than coastal waters to exploitation.

Veronica Frank, political adviser for Greenpeace, said that while the organisation hadn’t seen the latest text, “We are really happy. The world is so divided and to see multilateralism supported is so important.

“What’s really important is now to use this tool to develop this 30x30 target into force really quickly.” ...

Pictured: Activists from Greenpeace display a banner before the United Nations headquarters during ongoing negotiations at the UN on a treaty to protect the high seas in New York

“High seas marine protected areas can play a critical role in the impacts of climate change,” said Liz Karan, director of Pew’s ocean governance project. “Governments and civil society must now ensure the agreement is adopted and rapidly enters into force and is effectively implemented to safeguard high seas biodiversity.”

The High Ambition Coalition – which includes the EU, US, UK and China – were key players in brokering the deal, building coalitions instead of sowing division and showing willingness to compromise in the final days of talks. The Global South led the way in ensuring the treaty could be put into practice in a fair and equitable way.

Pictured: A world map that shows the full breadth and potential impact of the treat. National waters are shown in white, and international waters, or the high seas, are everything shown in blue.

Michael Imran Kanu, the head of the African Group and ambassador and deputy permanent representative to the UN for legal affairs of Sierra Leone, said the treaty was “robust and ambitious”. Kanu, who expressed concerns during talks over the fair and equitable sharing of benefits, said: “We really achieved amazing results” on this issue. Monetary and non-monetary benefits would be shared and an initial upfront fund would be set up under the treaty. He welcomed the adoption of the “common heritage of humankind” as a key principle for the high seas, which was a red line for many developing states. “That was significant for us”, he said...

In a move seen as an attempt to build trust between rich and poor countries, the European Union pledged €40m ($42m) in New York to facilitate the ratification of the treaty and its early implementation.

Monica Medina, the US assistant secretary for oceans, international environment and scientific affairs, who attended the negotiations in New York, said: “We leave here with the ability to create protected areas in the high seas and achieve the ambitious goal of conserving 30% of the ocean by 2030. And the time to start is now.”

-via The Guardian (US), 3/4/23

[chinanumberonesourcing]

Guide for Importers on Manufacturing Control

Efficient Manufacturing Control in China

1. Understand the Chinese Manufacturing Environment:

Diverse Ecosystem: China offers a vast range of manufacturers, from small workshops to large factories. This variety is beneficial but also poses challenges in ensuring consistent quality.

IP Concerns: Despite improvements, IP protection in China can be inconsistent, requiring robust measures to safeguard your innovations.

Regulatory Landscape: China’s complex and changing regulations make compliance crucial to avoid fines and reputational damage.

Quality Control: While quality has improved, some sectors still prioritize quantity over quality. Rigorous quality protocols are essential.

Labor & Costs: Labor costs are rising, pushing manufacturers toward automation. Infrastructure is robust, but supply chains can be disrupted by natural disasters or policy changes.

Government Policies: China’s government heavily influences manufacturing through policies and incentives, which can affect costs and market access.

2. Build a Strong Foundation:

Supplier Selection: Choose reliable suppliers through thorough due diligence, including factory visits and financial checks.

Clear Communication: Provide detailed specifications and maintain open communication to avoid misunderstandings.

Quality Management: Implement a Quality Management System (QMS) and conduct regular audits to ensure consistent product quality.

Strong Relationships: Develop long-term partnerships with suppliers to build trust and collaboration.

3. Implement Effective Control Strategies:

QA & QC: Establish a robust QA/QC framework to ensure consistent product quality.

Supplier Development: Invest in your suppliers’ capabilities to improve quality and efficiency.

Risk Management: Prepare for disruptions with backup plans and diversified suppliers.

Contractual Coverage: Clearly define product specifications and include IP protections in contracts.

Third-Party Verification: Use third-party inspections to ensure compliance and quality.

4. Manage Logistics & Supply Chain:

Transportation: Choose the best transport mode and routes to minimize costs and delays.

Warehousing & Inventory: Optimize warehouse locations and use management systems to track inventory.

Customs & Documentation: Ensure compliance with customs regulations and prepare accurate documentation.

Supply Chain Visibility: Use technology to monitor shipments and collaborate with suppliers.

Risk Assessment: Develop contingency plans for disruptions like natural disasters or strikes.

5. Overcome Common Challenges:

Language & Cultural Barriers: Hire experts to bridge gaps in communication and cultural understanding.

IP Protection: Secure your IP with patents, trademarks, and NDAs; monitor for infringements.

Regulatory Compliance: Stay updated on regulations and partner with local experts for compliance.

Supply Chain Disruptions: Diversify suppliers, maintain sufficient inventory, and use smart tools for monitoring.

6. Continuous Improvement:

Use data analytics to track trends and improve processes.

Regularly evaluate supplier performance and invest in employee training.

Embrace technology to enhance communication and efficiency.

7. Build a Culture of Quality:

Encourage employees to propose improvements.

Reward contributions to quality enhancement.

Focus on exceeding customer expectations.

Conclusion: Effective manufacturing control in China requires ongoing effort, attention, and adaptation. Invest in strong practices to improve product quality, reduce costs, protect your brand, and optimize your supply chain.

[layninboritas]

SOURCE PROTOCOL

SOURCE is building limitless enterprise applications on a secure and sustainable global network. Defi white-labelled services, NFT markets, RWA tokenization, play-to-earn gaming, Internet of Things, data management and more. SOURCE is providing blockchain solutions to the real world and leveraging the power of interoperability.

SOURCE competitive advantages over other blockchain projects

For builders & developers — Source Chain’s extremely high speeds (2500–10000+ tx / per second), low cost / gas fees ($0.01 average per tx), and scalability (developers can deploy apps in multiple coding languages using CosmWasm smart contract framework), set it apart as a blockchain built to handle mass adopted applications and tools. Not to mention, it’s interoperable with the entire Cosmos ecosystem.

For users — Source Protocol’s DeFi suite is Solvent and Sustainable (Automated liquidity mechanisms create a continuously self-funded, solvent and liquid network), Reduces Complexity (we’re making Web 3.0 easy to use with tools like Source Token which automate DeFi market rewards), and we’ve implemented Enhanced Security and Governance systems (like Guardian Nodes), which help us track malicious attacks and proposals to create a safer user environment.

For Enterprises — Source Protocol is one of the first to introduce DeFi-as-a-Service (DaaS) in order for existing online banking and fintech solutions to adopt blockchain technology with ease, and source also provides Enterprise Programs which are complete with a partner network of OTC brokerages, crypto exchanges, and neobanks that create a seamless corporate DeFi experience (fiat onboarding, offboarding, and mutli-sig managed wallets)

Why Source Protocol

Firstly, many protocols are reliant on centralized exchanges for liquidity, limiting their ability to scale independently. This creates a lot of the same issues traditional finance has been plagued with for decades.

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

Source Protocol’s ecosystem

Source Protocol’s ecosystem includes a full DeFi Suite, a members rewards program and white-label integration capabilities with existing online Web 2.0 enterprises:

Source Swap — An Interchain DEX & AMM built on Source Chain for permission-less listing of $SOURCE-based tokens, native Cosmos SDK assets, cw-20’s, and wrapped Binance Smart Chain (BEP-20) assets.

Source One Market — A peer to peer, non-custodial DeFi marketplace for borrowing, lending, staking, and more. Built on Binance Smart Chain with bridging to Source Chain & native Cosmos SDK assets.

Source Token $SRCX (BEP-20) — the first automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain.

Source One Token $SRC1 (BEP-20) — a governance and incentivized earnings token that powers Source One Market.

Source USX $USX (BEP-20) — Source One Market stablecoin backed and over collateralized by a hierarchy of blue chip crypto assets and stablecoins.

Source Launch Pad — Empowering projects to seamlessly distribute tokens and raise liquidity. ERC-20 and BEP-20 capable.

Source One Card & Members Rewards Program — users can earn from a robust suite of perks and rewards. In the future, Source One Card will enable users to swipe with their crypto assets online and at retail locations in real time.

DeFi-as-a-Service (DaaS) — Seamless white-label integration of Source One Market, Source Swap, Source Launch Pad, and/or Source One Card with existing online banking and financial applications, allowing businesses to bring their customers DeFi capabilities.

Source Protocol Key Components

Sustainable Growth model built for enterprise involvement and mass application adoption

Guardian Validator Nodes for enhanced network security

Integration with Source Protocol’s Binance Smart Chain Ecosystem and Decentralized Money Market, Source One Market

Source-Drop (Fair community airdrop and asset distribution for ATOM stakers and SRCX holders)

Interoperable smart contracts (IBC)

High speed transaction finality

Affordable gas fees (average of $0.01 per transaction)

Highly scalable infrastructure

Open-source

Permission-less Modular Wasm + (EVM)

Secured on-chain governance

Ease of use for developers

conclusion

SOURCE is a comprehensive blockchain technology suite for individuals, enterprises and developers to easily use, integrate and build web3.0 applications. It is a broad-spectrum technology ecosystem that transforms centralized web tools and financial instruments into decentralized ones. Powering the future of web3,

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

For More Information about Source Protocol

Website: https://www.sourceprotocol.io

Documents: https://docs.sourceprotocol.io

Twitter: https://www.twitter.com/sourceprotocol_

Instagram: https://www.instagram.com/sourceprotocol

Telegram: https://t.me/sourceprotocol

Discord: https://discord.gg/zj8xxUCeZQ

Author

Forum Username: Java22

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3443255

SOURCE Wallet Address: source1svnzfy5fafuskeaxmf2sgvgcn6k3sggmssl8d7

[marketinsight1234]

Indonesia Smart Cities Market Outlook for Forecast Period (2023 to 2030)

Indonesia's Smart Cities are Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

The development of smart cities revolves around the utilization of cutting-edge technologies and data analytics to optimize urban systems. Key components include the implementation of the Internet of Things (IoT) infrastructure, which involves the deployment of connected devices and sensors to gather real-time data.

This data is then analyzed to provide valuable insights that inform decision-making by city officials. Smart mobility solutions play a vital role in improving transportation networks, easing traffic congestion, and promoting eco-friendly transit options. E-governance platforms are adopted to streamline administrative processes and facilitate seamless citizen-government interactions.

Sustainability initiatives are emphasized, including energy-efficient buildings, renewable energy integration, waste management, and environmental conservation. Moreover, citizen engagement is fostered through digital platforms, allowing residents to actively participate in shaping urban policies and providing feedback to authorities.

One of the notable examples of smart city development in Indonesia is the "Jakarta Smart City" initiative. As the capital and most populous city in the country, Jakarta faces numerous urban challenges such as traffic congestion, waste management, and environmental pollution. To tackle these issues, the Jakarta Smart City program leverages technology and data to improve various urban services. Real-time traffic data is collected through IoT sensors to optimize transportation routes and manage traffic flow efficiently.

Waste management is enhanced by implementing smart waste bins that alert authorities when they need to be emptied, reducing unnecessary waste collection trips. Moreover, the program employs digital platforms and mobile applications to engage citizens, allowing them to access information about city services, report issues, and participate in decision-making processes. These efforts have aimed to transform Jakarta into a more sustainable, efficient, and citizen-centric smart city.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @

The latest research on the Indonesia Smart Cities market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indonesia Smart Cities industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indonesia Smart Cities market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Market Driver:

One of the key drivers propelling the growth of the Indonesia Smart Cities market is the government's strong commitment to urban development and digital transformation. Initiatives such as the 100 Smart Cities Movement and various smart city pilot projects across the archipelago are driving the integration of smart technologies. The government's emphasis on creating efficient and sustainable urban ecosystems through the adoption of smart solutions is encouraging both public and private sector investments. As a result, there is a growing demand for intelligent infrastructure, smart transportation systems, and data-driven governance to address the challenges of rapid urbanization.

Market Opportunity:

An exciting opportunity within the Indonesia Smart Cities market lies in the development of smart transportation systems. As urbanization accelerates, traffic congestion and transportation inefficiencies pose significant challenges. Implementing smart transportation solutions, including intelligent traffic management, integrated public transportation systems, and the adoption of electric vehicles, can greatly enhance urban mobility. The integration of these technologies not only addresses current challenges but also creates a foundation for sustainable and future-ready urban transportation. Entrepreneurs and businesses investing in smart transportation solutions stand to benefit from a burgeoning market with the potential to transform how people and goods move within cities.

Leading players involved in the Indonesia Smart Cities Market include:

PT Aplikanusa Lintasarta (Indonesia), PT Telkom (Telekomunikasi Indonesia Tbk) (Indonesia), PT XL Axiata Tbk (Indonesia), Siemens (Germany), Schneider Electric (France), Philips (Netherlands), Huawei Tech Investment (China), PT Waskita Karya (Indonesia), PT KAI Commuter Jabodetabek (Indonesia), PT Indosat Ooredoo (Indonesia), PT Link Net Tbk (First Media) (Indonesia), PT Surya Semesta Internusa (Indonesia), Ace Hardware Tbk (US), PT Sinar Mas Land (Indonesia), PT Cipta Kridatama (Indonesia), SICE (Spain), PT Cyberindo Aditama (CBN) (Indonesia), PT Sampoerna Telekomunikasi Indonesia (STI) (Indonesia), PT Pelayaran Tempuran Emas Tbk (TEMAS) (Indonesia), PT Bangun Cipta Kontraktor (BCK) (Indonesia), and Other Major Players. 

If You Have Any Query Indonesia Smart Cities Market Report, Visit:

Segmentation of Indonesia Smart Cities Market:

By Solution and Service      

Smart Mobility Management

Smart Public Safety

Smart Healthcare

Smart Building

Smart Utilities

Others

By Component         

Hardware

Software

Service

By Level        

Emerging Smart Cities

Developing Smart Cities

Mature Smart Cities

By End-user  

Government & Municipalities

Transportation & Logistics

Energy & Utilities

Healthcare

Education

Others

Owning our reports (For More, Buy Our Report) will help you solve the following issues:

Uncertainty about the future?

Our research and insights help our clients to foresee upcoming revenue pockets and growth areas. This helps our clients to invest or divest their resources.

Understanding market sentiments?

It is imperative to have a fair understanding of market sentiments for a strategy. Our insights furnish you with a hawk-eye view on market sentiment. We keep this observation by engaging with Key Opinion Leaders of a value chain of each industry we track.

Understanding the most reliable investment centers?

Our research ranks investment centers of the market by considering their returns, future demands, and profit margins. Our clients can focus on the most prominent investment centers by procuring our market research.

Evaluating potential business partners?

Our research and insights help our clients in identifying compatible business partners.

Acquire This Reports: -

About Us:

We are technocratic market research and consulting company that provides comprehensive and data-driven market insights. We hold the expertise in demand analysis and estimation of multidomain industries with encyclopedic competitive and landscape analysis. Also, our in-depth macro-economic analysis gives a bird's eye view of a market to our esteemed client. Our team at Pristine Intelligence focuses on result-oriented methodologies which are based on historic and present data to produce authentic foretelling about the industry. Pristine Intelligence's extensive studies help our clients to make righteous decisions that make a positive impact on their business. Our customer-oriented business model firmly follows satisfactory service through which our brand name is recognized in the market.

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[harinikhb30]

Pioneering the Next Era: Envisioning the Evolution of AWS Cloud Services

In the fast-paced realm of technology, the future trajectory of Amazon Web Services (AWS) unveils a landscape rich with transformative innovations and strategic shifts. Let's delve into the anticipated trends that are set to redefine the course of AWS Cloud in the years to come.

1. Surging Momentum in Cloud Adoption:

The upward surge in the adoption of cloud services remains a pivotal force shaping the future of AWS. Businesses of all sizes are increasingly recognizing the inherent advantages of scalability, cost-effectiveness, and operational agility embedded in cloud platforms. AWS, positioned at the forefront, is poised to be a catalyst and beneficiary of this ongoing digital transformation.

2. Unyielding Commitment to Innovation:

Synonymous with innovation, AWS is expected to maintain its reputation for introducing groundbreaking services and features. The future promises an expansion of the AWS service portfolio, not merely to meet current demands but to anticipate and address emerging technological needs in a dynamic digital landscape.

3. Spotlight on Edge Computing Excellence:

The spotlight on edge computing is intensifying within the AWS ecosystem. Characterized by data processing in close proximity to its source, edge computing reduces latency and facilitates real-time processing. AWS is slated to channel investments into edge computing solutions, ensuring robust support for applications requiring instantaneous data insights.

4. AI and ML Frontiers:

The forthcoming era of AWS Cloud is set to witness considerable strides in artificial intelligence (AI) and machine learning (ML). Building upon its legacy, AWS is expected to unveil advanced tools, offering businesses a richer array of services for machine learning, deep learning, and the development of sophisticated AI-driven applications.

5. Hybrid Harmony and Multi-Cloud Synergy:

Flexibility and resilience drive the ascent of hybrid and multi-cloud architectures. AWS is anticipated to refine its offerings, facilitating seamless integration between on-premises data centers and the cloud. Moreover, interoperability with other cloud providers will be a strategic focus, empowering businesses to architect resilient and adaptable cloud strategies.

6. Elevated Security Protocols:

As cyber threats evolve, AWS will heighten its commitment to fortifying security measures. The future holds promises of advanced encryption methodologies, heightened identity and access management capabilities, and an expanded array of compliance certifications. These measures will be pivotal in safeguarding the confidentiality and integrity of data hosted on the AWS platform.

7. Green Cloud Initiatives for a Sustainable Tomorrow:

Sustainability takes center stage in AWS's vision for the future. Committed to eco-friendly practices, AWS is likely to unveil initiatives aimed at minimizing the environmental footprint of cloud computing. This includes a heightened emphasis on renewable energy sources and the incorporation of green technologies.

8. Tailored Solutions for Diverse Industries:

Acknowledging the unique needs of various industries, AWS is expected to craft specialized solutions tailored to specific sectors. This strategic approach involves the development of frameworks and compliance measures to cater to the distinctive challenges and regulatory landscapes of industries such as healthcare, finance, and government.

9. Quantum Computing Integration:

In its nascent stages, quantum computing holds transformative potential. AWS may explore the integration of quantum computing services into its platform as the technology matures. This could usher in a new era of computation, solving complex problems that are currently beyond the reach of classical computers.

10. Global Reach Amplified:

To ensure unparalleled service availability, reduced latency, and adherence to data sovereignty regulations, AWS is poised to continue its global infrastructure expansion. This strategic move involves the establishment of additional data centers and regions, solidifying AWS's role as a global leader in cloud services.

In summary, the roadmap for AWS Cloud signifies a dynamic and transformative journey characterized by innovation, adaptability, and sustainability. Businesses embarking on their cloud endeavors should stay attuned to AWS announcements, industry trends, and technological advancements. AWS's commitment to anticipating and fulfilling the evolving needs of its users positions it as a trailblazer shaping the digital future. The expedition into the future of AWS Cloud unfolds a narrative of boundless opportunities and transformative possibilities.

[reginap5]

Sweden's Exemplary Anti-Corruption Stand: A Deep Dive into KYC and AML Practices

In the realm of global integrity and transparency, Sweden stands tall as the paragon of virtue, earning the coveted title of the world's least corrupt country, as per the Corruption Perceptions Index (CPI). Behind this remarkable achievement lies Sweden's unwavering commitment to combat corruption through robust Anti-Money Laundering (AML) laws, particularly focusing on stringent Know Your Customer (KYC) protocols. These protocols require financial institutions to verify the identity of their customers and any transactions they make. Furthermore, Sweden has implemented measures to protect whistleblowers and to ensure that any instances of corruption are investigated and prosecuted.

The Pillars of Trust: KYC in Sweden

Sweden's success in maintaining its reputation for integrity is deeply rooted in its proactive approach to KYC. The KYC process, an integral part of financial and business operations, plays a pivotal role in preventing corruption and money laundering by ensuring thorough identification and verification of customers. Sweden has invested heavily in its KYC system, building a comprehensive database of customer information. It has also implemented strict regulations requiring companies to report suspicious activity to the government. As a result, Sweden has become a world leader in the fight against financial crime.

KYC Solutions: More than a Mandate

KYC in Sweden goes beyond mere compliance; it serves as a comprehensive solution to safeguard the financial ecosystem. The emphasis on accurate customer identification, risk assessment, and ongoing monitoring establishes a formidable defense against illicit financial activities. Sweden's KYC system also promotes customer trust and increases customer convenience. By streamlining the onboarding process, customers can easily open an account and start trading. Additionally, the KYC system provides customers with better control over their money, as they can easily monitor their account activity.

Compliance at the Core

Sweden's commitment to compliance is evident in its KYC practices. Striking a delicate balance between stringent regulations and practical implementation, the country has fostered an environment where businesses operate with transparency and adhere to the highest ethical standards. Sweden's KYC regulations are designed to prevent money laundering and financial crime. The country has put in place a comprehensive set of measures, including customer due diligence, to ensure that businesses comply with the law. Additionally, Sweden has implemented a reporting system that allows authorities to track suspicious activity in real time.

AML Laws in Sweden: A Global Benchmark

Sweden's AML laws are not just a legal requirement but a testament to its commitment to global financial integrity. The country's legal framework provides a solid foundation for detecting and preventing money laundering activities, contributing significantly to its stellar position on the CPI. Sweden also has a strong commitment to international cooperation and information sharing, which helps to further strengthen the AML legal framework. Additionally, the country has implemented strict regulations on financial institutions, including requirements to report suspicious transactions.

KYC Service Providers – KYC Sweden Leading the Way

Sweden has emerged as a frontrunner in KYC solutions, with a focus on providing efficient and reliable services. KYC service providers in Sweden leverage advanced technologies and methodologies to offer the best-in-class identification and verification processes, setting the gold standard for global counterparts. Swedish KYC providers also provide the highest level of security, protecting customer data and complying with all local regulations. Furthermore, Swedish KYC providers offer a wide range of services, including onboarding, identity verification, and fraud prevention.

KYC for Swedish Businesses: A Necessity, not an Option

For businesses operating in Sweden, KYC is not merely a regulatory checkbox but a fundamental practice. The stringent KYC requirements ensure that businesses are well-acquainted with their clients, mitigating the risk of involvement in any illicit or corrupt activities. It also helps to protect the rights of customers, as it ensures that they are aware of who is handling their data. KYC also helps businesses to identify any potential risks associated with doing business with a particular customer.

Global Impact: KYC Sweden's Ripple Effect

Sweden's commitment to KYC and AML has a ripple effect beyond its borders. Businesses operating globally, including Swedish enterprises with international footprints, benefit from the robust KYC measures in place. This not only safeguards these businesses but also contributes to the overall global effort against corruption. As a result, other countries and organizations are encouraged to implement strong KYC and AML measures, which help to create a safer business environment for everyone. Additionally, these measures help to protect consumers from malicious actors and financial crimes.

Conclusion

Sweden's standing as the world's least corrupt country is a testament to its meticulous implementation of KYC and AML laws. By placing compliance, integrity, and transparency at the forefront of its financial practices, Sweden has set a precedent for nations worldwide. As businesses and governments grapple with the challenges of maintaining trust and financial integrity, KYC Sweden's model of KYC and AML serves as an exemplary beacon guiding the way forward. The integration of KYC solutions is not just a legal requirement for Sweden; it is a proactive strategy that continues to fortify its position as a global leader in the fight against corruption.

[mansikrypto]

UniLend Finance Tech Update Q3 2023⚙️

👷This new initiative will keep community updated on behind-the-scenes development by the engineering team.

Read blog for more details ➡️

https://medium.com/@unilend/mainnet-uprising-unilend-tech-update-q3-2023-f55fd51019ff

🌟Major Highlights

💠Launching our Governance to the community. This is an essential step leading to true decentralization of UniLend Finance.

💠Development of a new age liquidation mechanism.

💠Revamping the UniLend UI to enhance user experience.

✅Throughout the previous quarter, engineering team has focused on below major accomplishments:

🏛️UniLend Governance:

1. Launched our governance framework.

2. Introducing UFTG: UFTG is the governance token that wraps native UFT tokens and will be required by users to participate in the governance.

3. Created detailed governance documentation, empowering users to discuss and vote on platform-related matters.

🏦Liquidation Mechanism:

1. Introduced a new concept of Concentrated Liquidations, where a liquidator can potentially liquidate multiple eligible loans within the same transaction.

2. Developed APIs for our Liquidation mechanism to onboard leading ecosystem liquidators to build on UniLend V2!

3. Developed a state-of-the-art liquidation bot that will help us maintain the stability of UniLend v2.

4. Decentralized exchange integrations with the Liquidation bot is in progress

5. Dedicated Liquidation UI to make Liquidation process more transparent and user-friendly is in progress

📲New UI:

1. The engineering team is developing a new-age UI to improve user experience based on user feedback on our testnet.

2. UniLend V2 will now support WalletConnect and Coinbase wallet.

📺Stay tuned for more exciting products from UniLend!

🫶Thank you for being a part of our journey towards a decentralized future!

🗣 #Crypto #DeFi #Web3 #Blockchain #altcoin #UniLendV2 #Gem #Buy #HODL #UFT $UFT

[indigenouspeopleday]

Statement by Director General of the World Intellectual Property (WIPO, Mr Daren Tang.

It is with deep appreciation and respect that the World Intellectual Property Organization (WIPO) joins today in celebrating the International Day of the World’s Indigenous Peoples. This year’s theme is - “Indigenous Youth as Agents of Change for Self-determination”. Indigenous youth play a vital role in preserving and transmitting the living identity and cultural heritage of their communities. At the same time, by drawing on new ideas and perspectives, Indigenous youth bring a fresh outlook to their communities’ practices and activities, finding new ways of bringing their unique heritage to the world. WIPO supports Indigenous Peoples to make strategic and effective use of intellectual property in support of their community and tradition-based businesses. This includes through our Training, Mentoring and Matchmaking Program for Indigenous women entrepreneurs (the WEP). The involvement of young Indigenous women in the WEP is significant: more than 20 percent of beneficiaries were under 30 years old at the time of selection. This includes Wakangay Santi, a 19-year-old woman from the Indigenous Community Kichshuar Amazanga in Ecuador. Wakangay’s experience of being part of a community enterprise, as well as the practical intellectual property skills that she honed through one of the regional editions of the WEP, is an inspiring example of how by supporting our youth to succeed, we support entire communities to succeed as well. We also reach out directly to Indigenous young people, including through the WIPO Photography Prize for Indigenous Peoples and Local Community Youth. Last year’s competition attracted more than 250 submissions and raised awareness among young participants on how copyright can protect their creativity. We also organized exhibitions of the 30 shortlisted works, as well as a bespoke training program on photography and copyright. I am pleased to report that this year’s edition, themed How We Wear Our Culture is How we Tell Our Stories, received close to 300 entries, with our final shortlist to be announced in the autumn. As part of our Covid-19 response package, at last month’s WIPO Assemblies, we launched “Uchi CreActive” a new intellectual property-related project with the Government of Peru that will support children from the Awajun Community in Urakua, Peru

As well as supporting Indigenous youth through bespoke and impact-driven projects at the national level, the results of WIPO’s normative work through the Intergovernmental Committee on Intellectual Property and Genetic Resources, Traditional Knowledge and Folklore (the IGC) promise to deliver better outcomes for Indigenous Peoples across the generations and around the world. We welcome the decision of Member States to renew the IGC’s mandate for the coming biennium, as well as the landmark decision reached last year to convene a Diplomatic Conference on intellectual property, genetic resources and associated traditional knowledge. A successful outcome at the Diplomatic Conference supported by all Member States will not only demonstrate the power of multilateralism, but also show that the global IP framework is capable of evolving to be more inclusive. We are working hard to support all Member States on the preparatory work ahead of the Diplomatic Conference next year. Given the nature of this work, it is important for Indigenous Peoples to participate widely and effectively in these discussions, as well as in the work of the IGC. To help make this a reality, we have created the WIPO Voluntary Fund, which recently attracted further contributions from Germany, Australia, and Mexico. We warmly welcome these donations and encourage others to follow suit. On this International Day of the World’s Indigenous Peoples, we are proud to reaffirm our commitment to building a balanced and effective intellectual property ecosystem that works for everyone, everywhere. WIPO’s work in support of Indigenous Peoples is an integral part of this mission and we will continue to provide platforms where Indigenous youth can highlight their ideas and the wisdom of their communities in a strategic and respectful manner.

Daren Tang, Director General World Intellectual Property Organization (WIPO)

[earaercircular]

Recycling: Raw materials from urban mines are becoming increasingly important

Vast amounts of steel, copper and numerous other metals are built into everyday objects - and after their original use they are an important source of raw materials.

When the smartphone has had its day, it often ends up in a drawer - "one can always use it again". According to the Bitkom[1] digital association[2], around 210 million old cell phones were stored in households in Germany last year. 87 percent of the citizens had at least one discarded mobile phone. That number has more than doubled since 2015.

The drawer cell phones belong to the so-called urban mine. In contrast to the classic raw material mine, it describes the man-made raw material deposits: "All goods that we humans have ever created," explains Britta Bookhagen from the Federal Institute for Geosciences and Natural Resources (BGR)[3]. These so-called anthropogenic stock or urban mines[4] include bridges, cars, houses, washing machines - and also smartphones. Gold, copper and nickel can be extracted from mobile phones, for example, and steel in particular from cars and bridges.

When strategically considering the urban mine, it is initially irrelevant "whether the goods are still being actively used and will only be released in the foreseeable future or whether they have already reached the end of their useful life," writes the Federal Environment Agency (UBA)[5] on its website. Metals and construction minerals in particular often remain in infrastructure, buildings and everyday goods for a long time. "Over the decades, enormous stocks of material have accumulated in this way, which hold great potential as a future source of secondary raw materials."

Large dependence on import

According to the UBA, the German economy uses around 1.3 billion tons of materials domestically every year - this includes products such as cars as well as pure raw materials. The Federal Republic of Germany is heavily dependent on imports, especially for metal and energy raw materials, as can be seen from the latest BGR raw materials annual report from December[6]. Especially when it comes to newly mined metals, Germany is almost completely dependent on imports.

But: the raw materials in the world are finite, international competition is growing, costs are rising - as is the pressure on natural areas and their ecosystems. The recycling of metals or building materials, for example, can therefore help to conserve the earth's natural resources - and at the same time reduce greenhouse gas emissions, groundwater pollution and biodiversity loss, says Felix Müller, who is responsible for urban mining at the Federal Environment Agency.

And an expansion doesn't just help the environment: "The vision is to become less dependent on raw material imports, rather we should become real raw material producers with secondary extraction. In this way, we can also open up a new economic field,” says Müller. According to him, the anthropogenic stocks of Germany are enriched with around 550 million tons of material per year.

Far from sustainability

The expert says: "As long as the material stocks are growing so much, we are still far away from a sustainable circular economy. But the growing stock holds the immense potential to close material cycles much better in the future than we have been able to do so far. We now have to set the course and adapt the framework conditions.” The federal government is therefore currently working on a national urban mining strategy.

"Mining" in the urban mine is not done with a bucket wheel excavator and pickaxe, but through recycling - and thus to a certain extent it is also a task for society as a whole, says the geologist Bookhagen. But she makes it clear: "Urban mining refers to products at the end of their lives." Only when all other ways, such as repairing or reselling, have been exhausted, does recycling start - "please don't put it in the drawer," says Bookhagen.

There is currently a veritable pot of gold in the German drawers. In a study from 2020, Bookhagen and her colleagues came to the conclusion that the around 200 million smartphones in German drawers contain around 3.4 tons of gold, 1300 tons of copper and 520 tons of nickel.

Material for ten years of production

Researchers at the Institute of German Economics in Cologne[7] calculated in a report published on Monday[8] that the value of the metal in unused cell phones is around 240 million euros. With a view to the material value of the smartphones sold in 2021 of 23.5 million euros, the drawer phones could cover the material requirements for new smartphones for more than ten years. However, the authors limit the calculation themselves: the reality is different, "since not all drawer cell phones are recycled and are also completely recyclable".

That is exactly the greatest difficulty in urban mining, says the expert Bookhagen: "It is very difficult to estimate which raw materials will come back to us, and how and when." On the one hand, it is not at all clear how much steel or aluminum was used in a car or a washing machine 50 years ago, nor how it makes the most sense to recover and process it. Better data is needed here. "One thing is certain: the urban warehouse is growing and has a high recyclable content."

The extraction of raw materials from the urban mine has a lot of potential to become less dependent on raw material imports and rising costs, says Bookhagen. Germany and Europe are doing well compared to other parts of the world. "But one mustn't forget: even if we could get everything out of the urban mine, that wouldn't cover our raw material requirements," the expert continues. The hunger for raw materials is too great for that.

Source

Katharina Redanz, dpa, Recycling: Rohstoffe aus der urbanen Mine immer wichtiger, in: Süddeutsche Zeitung, 16-01-2023, https://www.sueddeutsche.de/wirtschaft/elektronik-recycling-rohstoffe-aus-der-urbanen-mine-immer-wichtiger-dpa.urn-newsml-dpa-com-20090101-230116-99-233391

[1] Founded in 1999, Bitkom now represents more than 2,000 member companies - including around 1,000 high-performance SMEs, over 500 innovative tech start-ups, almost half of the 40 DAX companies and many other global players.

[2] https://www.bitkom.org/Presse/Presseinformation/Smartphones-Tablets-Laptops-300-Mio-Alt-Geraete-deutschen-Haushalten

[3] The Bundesanstalt für Geowissenschaften und Rohstoffe (Federal Institute for Geosciences and Natural Resources) (BGR) is a technical and scientific authority within the portfolio of the Bundesministeriums für Wirtschaft und Klimaschutz (Federal Ministry of Economics and Climate Protection) (BMWK).

[4] Most of the goods in the anthropogenic stock or urban mines are in use, i.e. in used deposits. A registered car is just as much a used stock as a habitable residential building, furniture, large electrical appliances or a power plant... Unused anthropogenic stocks are to be distinguished from this. https://sns.uba.de/umthes/en/concepts/_f6c8d245.html

[5] "For people and the environment" is the motto of the Umweltbundesamt (Federal Environment Agency) - ⁠UBA⁠ for short - and sums up what its purpose. As Germany's central environmental authority, it ensures that Germany has a healthy environment in which people can live protected as far as possible from harmful environmental influences, such as pollutants in the air or water. Its range of topics is wide - from waste avoidance to ⁠climate protection⁠ to the approval of plant protection products. https://www.umweltbundesamt.de/das-uba

[6] https://www.bgr.bund.de/DE/Themen/Min_rohstoffe/Downloads/rohsit-2021.pdf?__blob=publicationFile&v=4

[7] The German Economic Institute (German: Institut der deutschen Wirtschaft Köln e.V.) (IW) is a private economic research institute in Germany, which promotes a liberal economic and social order. The German Economic Institute is based in Cologne, Germany, with additional offices in Berlin, Germany, and Brussels, Belgium. The IW compiles analyses on economic and social policy issues. As a think tank, it combines research, consultancy and communication services. The institute was founded in 1951 under the auspices of the Confederation of German Employers' Associations (BDA) and the Federation of German Industries (BDI). The German Economic Institute is a registered association (e.V.). Its membership consists of some 110 German business and employers' associations as well as a number of individual companies. Membership fees finance the regular scientific research and advocacy. Additionally, the institute conducts research projects and carries out numerous studies financed by third parties, such as public institutions, foundations and businesses.

[8] Sarah Fluchs, Adriana Neligan, Urban Mining für die Zirkuläre Wirtschaft: Wie hoch sind die Rohstoffpotenziale durch Urban Mining?, in: IW-Report 2, 16-1-2023,  https://www.iwkoeln.de/studien/sarah-fluchs-adriana-neligan-wie-hoch-sind-die-rohstoffpotenziale-durch-urban-mining.html

[harshasai]

Best Junior Colleges In Hyderabad For CEC

Best Junior Colleges In Hyderabad For CEC

In the contemporary landscape of education, the integration of commerce, economics, and civics (CEC) has emerged as a pivotal force driving sustainable development. At CMS for CA College, we recognize the profound impact of CEC courses in nurturing individuals equipped with the knowledge and skills to address the complex challenges facing our society and planet. Let’s delve into how these disciplines synergize to foster sustainable development. Looking for Best Junior Colleges In Hyderabad For CEC! CMS FOR CA is the only place to look, Our institute offers the BEST CEC Coaching.

Leveraging Commerce, Economics, and Civics for Sustainability.

Commerce, the cornerstone of modern economies, forms the bedrock of CEC courses. Through an understanding of commercial principles, students learn to navigate the intricate webs of trade, entrepreneurship, and market dynamics. In our CEC Course offerings, we emphasize the importance of sustainable business practices, equipping future leaders with the acumen to balance profitability with social and environmental responsibility. By integrating concepts of corporate social responsibility and ethical business conduct, we empower students to champion sustainable economic growth while mitigating adverse impacts on communities and ecosystems. Looking for Junior Colleges In Hyderabad For CEC! CMS FOR CA is the only place to look, Our institute offers the BEST CEC Coaching.

Economics, as the study of resource allocation and decision-making, plays a pivotal role in shaping sustainable development strategies. Our CEC curriculum delves deep into economic theories and frameworks, enabling students to analyze the interplay between economic activities and environmental conservation. From understanding the principles of sustainable consumption and production to exploring innovative solutions for poverty alleviation and equitable development, our courses empower students to devise holistic strategies that promote long-term prosperity without compromising the well-being of future generations. Through practical case studies and real-world simulations, students at CMS for CA College develop the analytical prowess to tackle pressing socio-economic challenges through a sustainability lens.

Civics, the study of citizenship and governance, completes the trifecta of CEC disciplines essential for sustainable development. In our CEC Course offerings, we emphasize the importance of civic engagement and participatory governance in fostering inclusive and sustainable societies. By examining the role of governments, NGOs, and grassroots movements in advancing social justice, human rights, and environmental stewardship, students gain a comprehensive understanding of the mechanisms driving positive change. From advocating for policy reforms to mobilizing community initiatives, our graduates emerge as catalysts for meaningful societal transformation, bridging the gap between economic prosperity, social equity, and environmental integrity.

Empowering Change Agents: CMS for CA College’s Approach to CEC Education.

At CMS for CA College, we recognize that sustainable development is not merely a theoretical concept but a collective endeavor that demands interdisciplinary collaboration and action. Our CEC courses serve as catalysts for nurturing the next generation of change-makers who are committed to building a more sustainable and inclusive future. By equipping students with the knowledge, skills, and ethical values to navigate the complexities of the modern world, we empower them to become catalysts for positive change in their communities and beyond. Join us in reimagining education as a force for sustainable development, where commerce, economics, and civics converge to shape a brighter tomorrow for all. Looking for Best Junior Colleges In Hyderabad For CEC! CMS FOR CA is the only place to look, Our institute offers the BEST CEC Coaching.

[govindhtech]

Google Launches New Blockchain RPC Service Ethereum

Using a new Blockchain RPC Service based on Google infrastructure, you can build and scale more quickly.

RPC Blockchain

What is Blockchain RPC?

With the dependability, speed, and security users anticipate from Google Cloud compute and network infrastructure, Blockchain RPC is an enterprise-grade solution that enables read and write access to several blockchains using their standard RPC APIs. Blockchain RPC offers a solution that scales smoothly with your organization, whereas self-managed nodes are frequently challenging to maintain and deploy during high workloads.

Blockchain technologies are revolutionizing the way information is moved and stored around the globe. Blockchain RPC is an extension of its dedication to supporting Web3 developers in creating and implementing new products on blockchain-enabled systems.

Required conditions

A Google Cloud account that has the Cloud Blockchain RPC API enabled is required.

Steps:

Make an API key.

Set up an RPC connection for the project.

To send requests to the Ethereum mainnet or testnets, use the endpoint.

RPC node blockchain

Blockchains are decentralized databases made up of anonymized transaction data that is kept indefinitely. A blockchain’s governing architecture consists of nodes, which are computers, laptops, or servers that have a complete copy of the blockchain’s transaction history on them. This eliminates the need for a central authority to verify and store data. In order to keep all nodes in sync, nodes on a blockchain form a peer-to-peer network by continuously exchanging the most recent blockchain data.

Ethereum

Developers may now provide fully managed Ethereum nodes with secure blockchain access thanks to Ethereum, the first blockchain enabled by Blockchain RPC.

Google Cloud has launched a new Blockchain RPC (Remote Procedure Call) service, furthering its dedication to helping Web3 developers. This new service offers developers a more efficient means of interacting with blockchain data. It reduces the complexity of managing node infrastructure and offers a dependable, scalable, and affordable alternative.Image credit to Google Cloud

Because it might affect the availability and performance of their applications, RPC dependability is a serious problem for Web3 developers. To keep their apps up and running, many developers today rely on several RPC providers. It is providing the Web3 ecosystem with a strong foundation for decentralized apps by bringing its experience in managing massive infrastructure to bear with Google Cloud’s Blockchain RPC service.

Developers at a broad spectrum of companies are served by the Blockchain RPC service, ranging from startups looking for a quick and simple entry point into the blockchain to major corporations needing the dependability, security, and performance of Google Cloud’s infrastructure.

With its free tier, which supports up to 100 requests per second, Blockchain RPC is now available for developers to create data-intensive, real-time apps. Additionally, the service is available for the Ethereum mainnet and testnets at launch, and it will support multiple additional chains in the upcoming year.

With just one line of code, developers may incorporate it into their apps because it is entirely compliant with the Ethereum JSON-RPC standard.

The following are the main attributes of Google Cloud’s Blockchain RPC service:

Enterprise-grade dependability: By utilizing Google Cloud infrastructure, the service offers security and dependability, assisting in the provision of a solid framework for developers’ applications.

Economical substitute for dedicated nodes: Blockchain RPC allows up to 100 queries per second and 1 million requests per day in the free tier.

Compatibility: By by altering their RPC endpoints, developers can effortlessly switch from current RPC providers.

Scalability: No manual scaling is required since the service can grow to accommodate increasing request volumes.

The Blockchain RPC service is now in preview internationally, enabling developers to create the Web3 applications of the future.

Blockchain RPC pricing

Blockchain RPC is currently under preview and can be used for free.

Pricing table

BlockchainThroughputPriceEthereum100 req/sec$0 / mth

Prices listed in your currency on Cloud Platform SKUs apply if you are paying in a currency other than USD.

Read more on Govindhtech.com

[esgagile]

Enhancing the Future: Benefits of Sustainability

As a Sustainability Reporting Consultant in Agile Advisors, Sustainability is a route toward a future in which our economy, society, and environment can flourish together—it's more than simply a catchphrase. The benefits become more apparent when companies, governments, and individuals realize how urgent it is to embrace sustainable practices. Adopting sustainability offers real benefits in several industries in addition to helping to protect the environment. Sustainability is fundamentally about lessening humans' adverse effects on the environment. Sustainable practices contribute to pollution reduction, ecosystem protection, and the fight against climate change by reducing waste, preserving natural resources, and cutting carbon emissions. If the environment is preserved, future generations will be able to enjoy clean air, clean water, and rich biodiversity. Adopting sustainable practices can result in long-term economic gains despite the misconception that they are expensive.

Agile Advisors provides Sustainability Report Consultant In Dubai, Operating expenses are frequently reduced for businesses that invest in renewable energy sources, minimize waste, and maximize resource use. Additionally, innovative company strategies stimulate new markets and possibilities. For instance, green technology, including electric cars and solar energy, is boosting employment and the economy in developing sectors. Customers are increasingly aware of their purchases' social and environmental effects in the current market. Companies that embrace sustainability may enhance their reputation and forge closer bonds with their clientele. Gaining a good reputation for being environmentally sensitive may boost client loyalty and draw in eco-aware investors and customers. A company's reputation can be further enhanced by certifications demonstrating its dedication to sustainability, such as LEED (Leadership in Energy and Environmental Design) or B Corp accreditation.

Being a Sustainability Reporting Consultant In Dubai, The use of less toxic chemicals and the promotion of renewable energy are examples of sustainable practices that improve the quality of the environment for both people and animals. Clean air, clean water, and sustainable food systems decrease disease risk and increase general well-being. Furthermore, better indoor settings, natural light, and air quality are frequently found in green buildings that prioritize sustainability, all of which benefit the physical and emotional well-being of their residents. Businesses and societies that practice sustainability are more resilient to economic and environmental shocks. Organizations that have adopted sustainable practices are better positioned to adapt when the effects of resource scarcity and climate change become more apparent. Sustainable agriculture, for example, focuses on biodiversity and soil health, making it more resistant to adverse weather conditions. Similarly, renewable energy sources lessen reliance on limited fossil fuels and offer long-term energy security.

In our role as Sustainability Reporting Consultant, Businesses that embrace sustainable practices will be better equipped to comply with global environmental standards as they tighten. Remaining ahead of changing regulatory frameworks and avoiding heavy fines may save organizations money and effort. By incorporating sustainability into their operations from the outset, businesses may also steer clear of any legal issues. Sustainability includes more than simply environmental issues; it also entails building inclusive and equitable communities. Social sustainability aims to solve problems like poverty, inequality, and resource access. By guaranteeing that the advantages of sustainability are distributed to everyone, communities may establish more just structures in which each individual can prosper. Companies that integrate community development, fair trade, and moral work standards into their operations create a more equitable and sustainable society.

We as a Sustainability Report Consultant In Dubai, Sustainability pushes people and organizations to think forward and evaluate the long-term effects of their decisions. By encouraging responsible decision-making, this way of thinking guarantees that future generations will inherit a planet that has all the resources they require to thrive. Sustainability also stimulates innovation as companies look for novel answers to complex problems, leading to advancement and learning. There are many benefits of sustainability that go well beyond protecting the environment. Sustainable practices have short-term and long-term advantages, including increased well-being, social equality, and economic growth. A healthier, more affluent society must be built, and adopting sustainability is not only a choice as we confront escalating issues like resource shortages and climate change.

[indiaandforeignaid]

Tech Diplomacy and Strategic Importance of India’s Technological Aid in Asia

In the dynamic landscape of international relations, technology has become an increasingly critical pillar, shaping how nations interact, compete, and collaborate. This fusion of diplomacy and technology, often referred to as tech diplomacy, is redefining the traditional understanding of soft power. For India, a nation on the road to becoming a global technological powerhouse, tech diplomacy has emerged as a potent tool to forge deeper ties across Asia and beyond. India’s technological prowess is steadily gaining global recognition, with its homegrown tech industry playing a pivotal role in driving innovation and economic growth. In Asia and India’s strategic use of technological aid is reshaping alliances and providing the nation with significant diplomatic leverage.

India’s technological advancements, particularly in sectors such as information technology, telecommunications, and space technology, have become instrumental in building partnerships with other Asian countries. Indian tech companies, government-backed initiatives, and international collaborations have positioned India as an important player in the region’s tech ecosystem. But beyond economic partnerships, India’s tech diplomacy involves offering technological assistance, resources, and expertise to its neighbors, which helps foster diplomatic goodwill and strengthens strategic alliances. This approach not only highlights India’s on going leadership in the digital space but also allows it to offer an alternative to the growing influence of China’s Belt and Road Initiative (BRI).

A recent and notable example of India’s tech diplomacy is its collaboration with Bhutan in the field of space technology. In 2020, the two countries launched the Bhutan-1 satellite, a collaboration facilitated by ISRO (Indian Space Research Organization). India provided crucial technical training and support, helping Bhutan launch its first satellite into space. This initiative is not only a reflection of India’s growing space capabilities but also an effort to nurture ties with its neighbors through knowledge sharing and capacity-building. By providing Bhutan with the tools to develop its satellite technology, India helped a smaller nation access space, something previously considered impossible for Bhutan. It also strengthened bilateral relations, positioning India as a friend that enables progress rather than as a domineering power.

India's partnership with ASEAN countries in digital connectivity and cybersecurity is another testament to the country's strategic technological aid. Through initiatives such as the India-ASEAN ICT Fund and other capacity-building projects, India has been instrumental in enhancing digital infrastructure in Southeast Asia. India’s role in assisting ASEAN nations to improve cybersecurity frameworks and build stronger digital economies plays a vital role in ensuring regional stability. In addition, India’s focus on providing affordable, scalable technology solutions such as low-cost telemedicine platforms demonstrates how tech diplomacy can address real-world challenges like healthcare access, especially in developing regions.

In Afghanistan, India’s tech diplomacy has been manifested through the Indian Technical and Economic Cooperation (ITEC) program. India helped build critical IT infrastructure in the country and trained Afghan professionals in various technical skills. Even as Afghanistan faces political instability, India’s technological investments have created long-lasting goodwill and a stable foundation for potential future cooperation. Through projects like these, India contributes to the socioeconomic development of war-torn regions, positioning itself as a stabilizing force while simultaneously advancing its own geopolitical interests.

India’s strategic investments in technology throughout Asia are not simply altruistic. They serve the dual purpose of fostering development and promoting India’s national interests. In a region where geopolitical tensions often run high particularly with China's growing influence, India’s tech diplomacy offers an appealing alternative for Asian countries seeking to diversify their technological partnerships. Another example, India’s strong presence in space technology and digital innovation counters China’s dominance in infrastructure through the BRI. While China focuses on physical connectivity, India emphasizes digital connectivity, providing an inclusive, tech driven pathway for economic and social development in the region. This approach aligns with India’s goal of becoming the leading digital partner of choice in Asia, while also mitigating its traditional security concerns regarding Chinese expansion.

Moreover, as the global competition for technological supremacy intensifies, India’s strategic use of tech diplomacy can be seen as a direct response to China’s expanding digital footprint in Asia which many scholars and academicians call neo-colonialism. By exporting its technological expertise, India creates opportunities to influence policies, shape digital governance norms, and ensure that democratic values are embedded in the region’s growing tech landscape.

India's private sector is an integral part of its tech diplomacy efforts. Companies like Tata Consultancy Services (TCS), Infosys, and Wipro are involved in developing technological solutions for several Asian countries. For example, TCS has played a crucial role in modernizing Malaysia’s e-governance systems, improving digital access, and supporting various national digital infrastructure projects. The involvement of private enterprises helps India enhance its image as a reliable partner in tech-driven growth. It also allows India to complement its diplomatic initiatives with tangible results on the ground, where partnerships go beyond the public sector to include innovation-driven private collaborations.

In today’s geopolitical climate, tech diplomacy is no longer a niche field but in fact is central to how nations interact. India’s tech diplomacy, particularly in Asia, offers a compelling alternative to authoritarian models of digital governance. India’s promotion of open, inclusive, and democratic tech ecosystems positions it as a counterbalance to more centralized, restrictive models. To maintain its strategic edge, India must continue investing in technological infrastructure, expanding collaborations across Asia in emerging areas like AI, quantum computing, and 5G. These efforts will help India shape the region's digital future while ensuring that its technological aid is sustainable and builds local capacities. 

India’s growing role in tech diplomacy reflects its evolving influence on the global stage. By fostering cooperation through digital innovation, space technology, and IT education, India is redefining relationships across Asia. Its focus on inclusivity and democratic values offers an alternative model of technological growth. In this era, tech diplomacy is about more than providing aid—it’s about shaping the future. India’s leadership in this space will be crucial in ensuring prosperity and stability for the region.

[annabelledarcie]

Custom vs. Standard Crypto Tokens: Which is Right for Your Project?

The growing popularity of cryptocurrencies has prompted businesses, startups, and developers to explore token creation for a variety of applications, ranging from decentralized finance (DeFi) and gaming to asset tokenization and governance. One of the critical decisions in the development process is choosing between creating a custom token or opting for a standard token. This decision can significantly impact your project’s scalability, flexibility, cost, and functionality.

In this blog, we’ll dive into the differences between custom and standard crypto tokens and help you decide which option is best suited for your project.

What Are Standard Crypto Tokens?

Standard crypto tokens are created using pre-defined protocols and frameworks that simplify the process of developing and launching tokens. These protocols include widely recognized standards like ERC-20 (Ethereum), BEP-20 (Binance Smart Chain), and SPL (Solana). Tokens built on these frameworks follow specific rules and can easily integrate into the blockchain ecosystem.

Benefits of Standard Tokens

Faster Time to Market: Standard tokens are quicker to create, as the framework and code are already established. Developers don’t have to build a token from scratch, allowing for a swift launch.

Cost-Effective: Creating a token based on an existing standard is often less expensive since much of the technical work has already been done. This is ideal for projects with budget constraints.

Interoperability: Tokens built on popular standards like ERC-20 are compatible with existing infrastructure such as wallets, exchanges, and dApps. This broad compatibility simplifies user adoption and integration into the broader ecosystem.

Community Support: Established standards often have large communities of developers who contribute to improving the framework, solving common issues, and offering resources for new projects.

Security: Standard tokens benefit from the security audits and improvements that have been made to the underlying framework. This makes them less vulnerable to bugs or security risks.

Limitations of Standard Tokens

Limited Customization: While convenient, standard tokens offer little flexibility for features that are outside the pre-defined framework. Projects with complex requirements may find standard tokens too restrictive.

Dependence on Network: Standard tokens rely on the performance and limitations of the underlying blockchain. For instance, Ethereum-based tokens are subject to network congestion and high gas fees.

What Are Custom Crypto Tokens?

Custom crypto tokens are designed and developed from scratch, allowing creators to incorporate unique functionalities and tailor the token to meet the specific needs of their project. This involves writing new smart contracts and defining the token’s parameters independently of existing standards.

Benefits of Custom Tokens

Flexibility and Customization: Custom tokens offer the flexibility to include unique features such as advanced governance models, complex financial mechanisms, or specialized use cases. For projects that require unique tokenomics, custom tokens provide the freedom to build exactly what you need.

Control over Token Functionality: With custom tokens, you can have full control over the token’s behavior, including how transactions are handled, who can mint or burn tokens, and how governance is structured.

Branding and Differentiation: Custom tokens can be designed to stand out from other projects, helping establish a distinct identity. This can be particularly important for projects seeking to create a brand that offers innovative or exclusive features.

Scalability: Custom tokens allow you to optimize the token’s code and performance for scalability, which is crucial for projects expecting high transaction volumes or complex operations.

Independence from Blockchain Constraints: Unlike standard tokens, which depend on the limitations of a given blockchain (e.g., Ethereum’s high fees), custom tokens can be developed on any blockchain or even across multiple chains, offering more flexibility in choosing the right technology stack.

Limitations of Custom Tokens

Development Complexity: Creating a custom token requires significant technical expertise, making the development process more complex and time-consuming. Projects must invest in experienced blockchain developers and thorough testing.

Higher Costs: The custom development process is typically more expensive than using a standard token, as it involves building, auditing, and securing unique smart contracts from scratch.

Security Risks: Custom tokens are more vulnerable to bugs and security flaws, especially if the smart contracts haven’t been properly audited. Without the backing of a tried-and-tested framework, custom tokens need extensive testing and auditing to ensure security.

Interoperability Challenges: Custom tokens may face difficulties in integrating with existing blockchain infrastructure like wallets or exchanges. Additional work may be required to ensure compatibility and usability for end-users.

Key Factors to Consider When Choosing

When deciding between custom and standard crypto tokens, several factors should guide your decision:

Project Complexity: If your project requires advanced features such as custom governance, unique staking mechanisms, or specific token issuance rules, a custom token may be the better option. For simpler projects, a standard token could provide everything you need without the added complexity.

Time and Budget: Custom tokens generally take longer to develop and cost more. If you’re on a tight timeline or have budget constraints, opting for a standard token can help you get to market quickly and efficiently.

Interoperability Needs: If you need your token to be compatible with popular wallets, exchanges, or dApps, a standard token might be the better choice. Custom tokens will require extra work to integrate with existing infrastructure, which could slow down adoption.

Scalability: Consider the expected transaction volume and growth of your project. Custom tokens give you more control over scalability, but standard tokens already have the infrastructure to support large ecosystems.

Security Considerations: If security is a top priority, especially for financial products or DeFi platforms, standard tokens may provide a more secure starting point due to the extensive testing and audits performed on frameworks like ERC-20.

Conclusion: Which Is Right for Your Project?

Choose Standard Tokens If: You are working on a straightforward project, have a tight budget or timeline, and need to launch quickly with widespread compatibility across the blockchain ecosystem.

Choose Custom Tokens If: Your project requires unique functionality, advanced customization, or the ability to differentiate significantly from competitors. Custom tokens are ideal for projects that need tailored solutions and are prepared for the additional development costs and time commitment.

Ultimately, the choice between custom and standard crypto tokens depends on the specific needs and goals of your project. By evaluating the factors discussed in this blog, you can make an informed decision that aligns with your vision and resources.