1) Former PayPal and Ripple employees(Jim Nguyen and Nas Kavian) started Six Clovers Inc to try and compete with SWIFT legacy systems to transfer money. They will be using the Algorand blockchain to bring these banking systems into the future.
“Fueling cross-border transactions with regulated stablecoins to represent fiat on-chain has never been done before,” said Borderless Capital CEO David Garcia. “[The network] is going to unleash a wave of mass blockchain adoption across banks, merchants, and payment providers as they see the need to embrace the digital future.”
2) Dizme. Digital Identification can be for everyone thanks to the low cost, scalable, green blockchain. The Linux Foundation is creating ID solutions for all on Algorand. The heart of the problem is that we have no standard way to verify digital credentials. Currently, our identities are owned and controlled by other parties, some of whom we aren’t even aware of. But today something is changing:
- the World Wide Web Consortium (W3C) is defining the Verifiable Credentials standard, a format describing digitally signed credentials for digital identities;
- the Blockchain’s technology hugely simplifies creation of decentralized services for registration and discovery of public keys required to verify digital signatures.
- Starting from these enablers, the Trust over IP Foundation is defining a complete architecture for Internet-scale digital trust that combines both cryptographic trust at the machine layer and human trust at the business, legal, and social layers.
By moving to cryptographically-verifiable digital credentials, we can finally start proving our identity, attributes, or relationships without intermediaries.
link: https://www.dizme.io/
3) Defense Departments around the world can use VeriTX which is leveraging Algorand to track the supply chains of fighter-jets, and other air/space products. VeriTX was founded to provide secure digital supply chain solutions by ensuring data integrity and provenance; process integrity; and performance integrity in a logistics under attack framework for DoD and commercial customers.
link: https://www.veritx.com/
4) Italia Olivicola, the largest organization of olive and olive oil producers in Italy, in cooperation with Euranet, is working to develop and implement an innovative supply chain solution utilizing the open, public Algorand blockchain. This model was developed employing Euranet’s ChoralChain platform and can be applied to the whole olive oil production chain to ensure the highest quality standards and make product information regarding their origin, processing, and preservation accessible and transparent.
5) Società Italiana degli Autori ed Editori (SIAE), the Italian major copyright collecting agency founded in 1882, and Algorand, a leading blockchain platform accelerating the convergence of decentralized and traditional finance, announce the first major milestone of a project to create a blockchain-based open platform that allows transparent and efficient management of authors' rights.
The two organizations have been working together since 2019 and copyrights for the first time are represented as digital assets. The history of SIAE began 139 years ago and today, with Algorand, the organization embraces a future empowered by technology to continue its mission of protecting creativity for its users.
6) Argentina and Brasil are leveraging Algorand to help farmers tokenize their crops thanks to Agrotoken. Visa's first all on-chain transaction recently happened... and it was the Algorand blockchain. Agrotoken via their Visa card is the safest and most practical way to transport your beans around the world. How it works: A Visa card, funded with your agrotokens. Use your tokenized production directly from your card. Shop at more than 80 million merchants worldwide. Control all your expenses and those of your collaborators. 50 thousand dollars limit to buy anything from a tractor to a coffee.
link: https://agrotoken.io/en/tarjeta-agrotoken
7) FlexID is a digital identity platform that aims to avail its decentralized digital identity network in emerging markets. In doing so, the firm hopes to help over 1 billion people that lack formal identification. Notably, this is FlexID’s first funding deal.
Founded by Zimbabwean serial technology entrepreneur Victor Mapunga, FlexID seeks to alleviate financial exclusion. Mapunga created the platform out of frustrations with the banking system, excluding individuals without identity documents.
According to Mapunga,
“Identity is foundational to modern-day commerce. Without an ID, one cannot participate in the economy even at the most basic levels such as access to basic telco services, mobile money and banking.”
link: https://cryptoslate.com/algorand-funds-flexid-to-offer-africas-unbanked-self-sovereign-ids/
8) Panama and Bermuda are using MAPay, a global healthcare technology firm with a focus on decentralized payment networks. It will introduce its own stablecoin on Algorand to improve the efficiency of the healthcare system, starting in Bermuda. With key healthcare partnerships in the US and beyond, MAPay will use Algorand’s blockchain as the backbone for its forthcoming advancements in the healthcare sector.
Traditional healthcare payment systems are slow, cumbersome, and riddled with unnecessary expenses. By leveraging an advanced blockchain, MAPay is creating efficiency across key players in the system including insurance companies, government health providers, and banks by eliminating intermediaries that have hindered the settlement process and driven up expenses for all involved parties. In addition to providing an open, public infrastructure, Algorand’s technology is a high performing Layer-1 that enables immediate transaction finality, security required in the healthcare space, and advanced smart contracts that expand future potential.
Through this collaboration, MAPay will provide Bermuda with a country-wide deployment plan to lower transaction costs of healthcare encounters through the MAPay network, which will run on Algorand. MAPay will also implement a patient-driven data exchange aimed at providing medical interoperability, population health management, and better overall outcomes.
link: https://www.mapaycorp.com/
9) Italy has developed a hybrid approach to Central Bank Digital Currency(CBDC). Read the full report here for how they will leverage the Algorand blockchain in new forms of money.
"TIPS-Algorand Just In Time Locking", takes advantage of the features offered by a specific DLT platform, Algorand. In particular, it leverages a native feature of the chosen DLT that simplifies DvP transactions guaranteeing atomicity; as such, this approach needs the two systems to be directly connected to interact with each other."
10) Colombia is using, VitalPass, which is the first digital passport created to track Covid-19 vaccination through advanced blockchain technology from Algorand to guarantee security, traceability, and transparency during the vaccination process across Latin America.
11) The country of El Salvador fired a salvo into the fiat currency space, making it known that it would adopt bitcoin as legal tender while also delving deeper into the blockchain ecosystem.
In addition to bitcoin's adoption, the country is looking into building out its own blockchain infrastructure with the help of Algorand. The company offers its own blockchain platform that utilizes smart contracts, which is similar in digital architecture to Ethereum.
Similarly, it offers an open source infrastructure so users can tailor their own decentralized financial system to their needs. This is where El Salvador is looking to use Algorand's digital architecture, which offers scalability given its operation in the Layer-1 blockchain, to create a state-supported BTC wallet.
A Cointelegraph article noted that the Algorand based wallet "is designed to enable individuals and businesses to send payments in Bitcoin or dollars from anywhere in the world. The wallet is available on Android and iOS, allowing users to automatically convert Bitcoin transactions into dollars or keep their Bitcoin holdings and later withdraw them in cash from 200 Bitcoin ATMs installed across the country."
12) Afghanistan's First E-Payment Solution called HesabPay is being built on Algorand. What is Hesab Pay? HesabPay is Afghanistan' first E-payment solution that lets you transfer funds within seconds, using your smart phone. HesabPay's advanced features for businesses and individuals also include e-taxation, payroll, bill payment, top-up recharge and more.
link: https://hesab.af/home
13) The Philippines is creating a wallet on Algorand that is fully insured by the central bank. Mobile banking meets crypto! Fully integrated with thousands of businesses, withdraw cash at ATMs all over the country.
link: https://www.aid.technology/valise
13) Nigeria is launching a major crypto initiative, IP Exchange Marketplace and Wallet, on Algorand in Partnership with Developing Africa Group and Koibanx. This is one of the largest crypto projects in the entire world. It's the country's official platform for its population of over 200 million to be able to upload any form IP rights and trade, sell or exchange them abroad, while collecting the royalties and proceeds of these operations on their wallets.
14) FIFA+ Collect is launching their NFT marketplace on Algorand. FIFA+ Collect is the home of dynamic digital collectibles featuring the most iconic moments in the nearly 10-decade history of FIFA. Enjoy the beautiful game and feed your fandom in a way never seen or experienced before. Reveal. Collect. Compete. Enjoy.
FIFA+ Collect is powered by Algorand, the official blockchain platform of FIFA and the technology of choice for over 2,000 global organisations, governments and digital-native decentralised finance applications. It is a low-cost, carbon neutral blockchain accessible via multiple currencies and payment methods.
link: https://www.fifa.com/about-fifa/commercial/media-releases/fifa-to-launch-fifa-collect
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