DLT Update: July ’22

Latest industry news


How blockchain can address Austria’s energy crisis

“The Austrian government understands the urgent need for the energy transition and has set the ambitious goal of being climate neutral by 2040. Alternative solutions to fossil energy have been slow to emerge and, for the most part, are not yet efficient enough on a large scale. But there are promising approaches — especially in the form of decentralized renewable energies or blockchain technology in peer-to-peer (P2P) energy trading.” 


MiCA and ToFR: The EU moves to regulate the crypto-assets market

“The European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU’s main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in the member states of the European Parliament had already passed the Transfer of Funds Regulation (ToFR), which imposes compliance standards on crypto assets to crack down on money laundering risks in the sector.”

How blockchain can help the healthcare system

“Corona is pushing healthcare systems worldwide to their limits. The reasons for this are at least as varied as the different virus variants. According to experts, one factor is the lack of digitization in the healthcare system. A problem that blockchain could solve. In a blog post, the IKK Classic sees great potential in the areas of protection against counterfeiting and in the tracking of supply chains. The second major advantage of DLT lies in the tracking of production and supply chains. This would allow the quality of medicinal products to be better controlled.”


Ethereum Merge: How will the PoS transition impact the ETH ecosystem?

“Ethereum is all set to transition to PoS by the third week of September, but most of the promised scalability features will only be available after 2023. Ethereum devs gave Sept. 19 as the perpetual date for the merger of the current PoW chain to the PoS chain. A complete change of consensus for an ecosystem as large as Ethereum will have a dramatic impact from both a technical and political perspective.”


Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

“The country’s unstable economy has led to a major adoption of cryptocurrencies, especially stablecoins. The tendency toward stablecoins notoriously escalated after the shocking resignation of Argentina’s economy minister earlier this month. The practice of crypto adoption has also been replicated in sports by players and clubs alike in the country. However, this would be the first time clubs could accept cryptocurrencies as a form of payment for international transfers to regain a competitive advantage in the market for their players.”