Blockchain can let tax authorities, regulatory agencies, and other accountable organizations analyze transaction patterns more easily. Self-declarations, enforcement, or anti-money laundering efforts can all be made simpler with its help.
Context (2)
Blockchain is transforming the financial industry by accelerating processes, boosting security, getting rid of intermediaries, and giving customers more control.
Problem
It's challenging to govern blockchain because of the way it draws illegal activity. Its decentralized structure gives criminals a haven and deters government agencies from using the technology in places where it can have a positive impact on costs, speeds, security.
Solution
$QNT provides tools to make it simple and quick for tax authorities, regulatory organizations, and other agencies to comprehend and analyze multi-DLT transaction patterns. #QUANT
Solution (2)
These DLTs deliver total transparency to transaction histories across all in-scope DLTs, and they are simple to incorporate into current processes.
Rekeying is a powerful protocol feature which enables an #Algorand account holder to maintain a static public address while dynamically rotating the authoritative private spending key(s).
This is done by executing a "rekey-to transaction," which modifies the account object's authorized address field.
1. Through #DAG's state channels and L0 standard, #Constellation makes it possible for anybody to access the cryptocurrency ecosystem and incorporate blockchain technology into already-existing systems and applications. $DAG
2. Existing token standards let you generate and mint a cryptocurrency but don't include any business logic or accountability. #DAG $DAG
1. Without usernames or passwords
On mobile or portable HSM devices like the Ledger wallet or YubiKey, fingerprint or face recognition technologies can be used to maintain privacy and prevent cross-border tracking. #icp $icp #internetcomputer
2. No Tracking
Users who utilize the Internet Identity identification system won't be able to be followed across applications and services. #icp $icp #internetcomputer