🌎 A quick thread 🧵 on real-world usage of countries using the @Algorand blockchain to empower their citizens, lower the cost of verification, and to reach people everywhere. $algo
Expand thread to see why this is much bigger than #FIFA. 🧵👇
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#Nigeria has partnered with @koibanx to allow their citizens to copyright IP and receive royalties. This is one of the largest crypto projects in the entire world.
#Philippines 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.
#ElSalvador made $BTC legal tender... do you remember? It made all the headlines. What went largely unnoticed was a few days after that, they declared @Algorand as their official blockchain partner. Let's see where this ends up!
#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. bancaditalia.it/pubblicazioni/…
#Africa (all countries) will soon be able to leverage @Algorand for digital identity solutions thanks to @FlexID_Official. They want to reach all of Africa, 1 billion+ people. ID is a crucial part of medical care, education, access to credit, & more.
#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.
Defense Departments around the world can use @veri_tx which is leveraging @Algorand to track the supply chains of fighter-jets, and other air/space products. algorand.com/ecosystem/use-…
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#WorldWide - Digital Identification can be for everyone thanks to the low cost, scalable, green blockchain. The @linuxfoundation is creating ID solutions for all on Algorand. dizme.io
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#Global - Former PayPal and Ripple employees start @SixCloversInc 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. cointelegraph.com/news/former-pa…
@Algorand is the green, low cost, efficient, upgradable, trilemma solver. Thank you @silviomicali.
Scalable to reach billions from all people groups.
Secure to run the future of finance.
Decentralized so everyone can read, write, and immutable ownership is available to all.
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"TALK IS CHEAP - ALGORAND DELIVERS"
This was just a very quick thread highlighting a small handful of real-world use cases on the @Algorand blockchain. I am ready for tens of thousand of projects to deploy. Each one of you are so creative and help build a brighter future.
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1/ Dear beautiful #Luna NFT projects. Please do your research before deciding on a new blockchain. You’ve already suffered a major catastrophe, and don’t need to be onboarded to a blockchain with downtime or forks. DYOR. Here’s a little on the @Algorand NFT community🧵👇 #algoNFT
2/ Algorand is green, does not fork, has 100% uptime, transaction fee of only 0.001 $algo, instant finality, atomic swaps built into the protocol, falcon keys (quantum secure), state proofs (trustless bridges), trilemma solver built by a Turing award winner @silviomicali.
3/ Utility:@FIFAcom is building a new wallet supporting NFTs on Algorand, @opulousapp is NFT ownership/royalties of songs, @Dequency_io music sync licensing, @lofty_ai fractionalized NFT ownership, @SIAE_Official tokenized 5 million nfts representing copyrights in Italy