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2022-05-08 02:31:58-04
Self-sovereign identity system: Blockchain-based tech for easy identity verification and non-forgeable documents
On December 28, 2021, PM Narendra Modi awarded digital degrees to the students under the National Blockchain Project. However, these digital degrees developed in-house by IIT Kanpur are non-forgeable. Professor Manindra Agrawal, Department of CSE, IIT Kanpur, explains how the self-sovereign identity system can ease issues like certification, verification and eliminate forgery of identity using blockchain technology.
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2022-05-09 02:41:38-04
Hack to the Future
Celebrated projects include initiatives promoting financial literacy, solar energy and fair lending – Hack to the Future
LONDON, April 28, 2022 /PRNewswire/ — Finastra today announced the winners of its Hack to the Future 4 annual global hackathon. Thousands of participants from over 75 countries submitted 230+ projects focused on sustainable and inclusive finance, embedded finance and Banking as a Service (BaaS), and Decentralized Finance (DeFi).
And the winners are…
Best Business Model Innovation: EnFOLL – a marketplace for second-hand solar panels, helping underserved communities get access to renewable energy, and extending the life of the products.
Best Fintech submission: PRAAM – Physical Risks Analytics for Asset Managers – an integrated solution to identify, evaluate, manage and report physical risks in investment portfolios. Benefits include value protection, climate risk management and operational efficiency.
This project is a collaboration between IMPACTPlus, a fintech start-up, and a Finastra FusionInvest team. IMACTPlus also won the Best Woman-Led Fintech prize for this submission.
Best Embedded Finance submission: Effortless – Quick and simple Buy Now Pay Later financing. Consumers benefit from a simple way to apply for a loan with optimal terms and payment options, direct from their trusted financial institution.
Best Diversity, Equity & Inclusion (DE&I) submission: Growr – an app that encourages financial inclusion by enabling borrowers to receive fair and instant unsecured loans based on self-sovereign identity and DeFi protocols.
Prizes for winners include mentoring and scholarship programs, cash, crypto and internship opportunities.
Chirine BenZaied, Head of Innovation at Finastra said, “We want our hackathons to ignite a movement towards a world of financial sustainability, inclusion, and autonomy. This year’s projects really reflect that goal and we’ve been so excited to see the truly innovative ideas that people all around the world have come up with. We also garnered so much insight from these projects on the technologies and trends the industry is moving towards. We see the market switching from private to public blockchains and looking for ways to embed DeFi into traditional banking services, for example. We also see that there is still significant need to find solutions that support financial inclusion, especially in connection with BaaS. Congratulations to all of the winners and a big thank you to our hundreds of supporting partners, our judges and mentors.”
Finastra also hosted a youth hackathon for 10-18 year olds, encouraging the next generation to help change the world of finance. Hundreds of projects were submitted from around the world, including ideas from India and Moldova.
Youth hackathon winning teams:
MicoBank – a project submitted by a 14-year-old at the Deva Matha Central School – an app to reward children for positive actions with Solana Tokens that can be spent in store, secured by blockchain.
Finlit – A project submitted by two students – a literacy tool to solve financial inclusion challenges for young people.
For further information please contact: Caroline Duff Global Head of PR T +44 (0)7917 613586 E[email protected] finastra.com
About Finastra
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com
Corporate headquarters 4 Kingdom Street Paddington London W2 6BD United Kingdom T: +44 20 3320 5000
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2022-05-10 18:43:19-04
CHICAGO, ILLINOIS – MAY 16, 2018: The landmark Chicago Theatre on State Street with spring flowers. The historic theater dates from 1921.
“The Wizard of Oz = The Crown Temple. This is not a mere child’s story written by L. Frank Baum. What symbol does “Oz” stand for? Ounces…Gold. What is the yellow brick road? Bricks or ingot bars of gold. The character known as the Straw Man represents that fictitious ALL CAPS legal fiction – a PERSON – the Government created with the same spelling as your Christian birth name. Remember what the Straw Man wanted from the Wizard of Oz? A brain! No legal fiction has a brain because they have no breath of life! What did he get in place of a brain? A Certificate. A Birth Certificate for a new legal creation. He was proud of his new legal status, plus all the other legalisms he was granted. Now he becomes the true epitome of the brainless sack of straw who was given a Certificate in place of a brain of common sense. What about the Tin Man?
Does Taxpayer Identification Number (TIN) mean anything to you? The poor TIN Man just stood there mindlessly doing his work until his body literally froze up and stopped functioning. He worked himself to death because he had no heart nor soul. He’s the heartless and emotionless creature robotically carrying out his daily task as if he was already dead. He’s the ox pulling the plough and the mule toiling under the yoke. His masters keep him cold on the outside and heartless on the inside in order to control any emotions or heart he may get a hold of. The pitiful Cowardly Lion was always too frightened to stand up for himself. Of course, he was a bully and a big mouth when it came to picking on those smaller than he was. They act as if they have great courage, but they really have none at all. All roar with no teeth of authority to back them up.
When push came to shove, the Cowardly Lion always buckled under and whimpered when anyone of any size or stature challenged him. He wanted courage from the Grand Wizard, so he was awarded a medal of “official” recognition. Now, regardless of how much of a coward he still was, his official status made him a bully with officially recognized authority. He’s just like the Attorneys who hide behind the Middle Courts of the Temple Bar. What about the trip through the field of poppies? They weren’t real people, so drugs had no effect on them. The Wizard of Oz was written at the turn of the century, so how could the author have known America was going to be drugged? The Crown has been playing the drug cartel game for centuries. Just look up the history of Hong Kong and the Opium Wars. The Crown already had valuable experience conquering all of China with drugs, so why not the rest of the world?
Who finally exposed the Wizard for what he really was? Toto, the ugly (or cute, depending on your perspective) and somewhat annoying little dog. Toto means “in total, all together; Latin in toto.” Notice how Toto was not scared of the Great Wizard’s theatrics, yet he was so small in size compared to the Wizard, no-one seemed to notice him. The smoke, flames and hologram images were designed to frighten people into doing as the Great Wizard of Oz commanded. Toto simply went over, looked behind the curtain – the court – (see the definition for curtain above), saw it was a scam, and started barking until others paid attention to him and came to see what all the barking was about. Just an ordinary person controlling the levers that created the illusions of the Great Wizard’s power and authority. The veil hiding the corporate legal fiction and its false courts were removed. The Wizard’s game was up.
It’s too bad that people don’t realize how loud a bark from a little dog is. How about your bark?
Do you just remain silent and wait to be given whatever food and recognition, if any, your legal master gives you?
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2022-05-16 01:11:07-04
What Is a Durable Power of Attorney?
Durable Power of Attorney
You can authorize a trusted individual to act on your behalf should something happen to you. Find out how to appoint a durable power of attorney today.
WOODSTOCK, ILLINOIS, US, May 13, 2022 /EINPresswire.com/ — About half of adults have a power of attorney, with 73% of seniors over 72 having one. However, younger adults often fail to have estate planning documents like this. Only 41% of millennials have a power of attorney in place.
Many people feel estate planning documents are only for older adults. It’s critical for any adult to have planning documents such as a durable power of attorney and a will in effect. Doing so can provide many benefits to people and their loved ones.
Let’s take a look at what a durable power of attorney is, who needs one, and how to get one.
What Is a Power of Attorney?
A power of attorney (POA) gives someone else permission to handle an individuals affairs on their behalf. Most commonly, this includes finances, legal matters, or health care.
The person that someone appoints to act on their behalf is called their agent or attorney in fact. They don’t need to be a lawyer and can be either an individual or a company.
A power of attorney can be general and include a wide variety of situations. Or individuals can create limited powers of attorney that only apply in certain circumstances. For example, a power of attorney for finances gives an agent the ability to handle their finances.
If a person becomes mentally incompetent, an ordinary power of attorney would no longer be valid. However, a durable power of attorney can help in this situation.
When a POA is durable, it stays in effect even if someone becomes incapacitated or otherwise cannot make decisions on their own behalf. This can give healthcare and financial assistance through the agent in the event of an illness or accident.
Many people choose to create a general durable POA to allow their agent to make many different decisions. However, they could get a durable healthcare or finance POA to focus on more specific concerns.
When Is a Durable Power of Attorney Helpful?
A durable power of attorney is helpful in planning for medical emergencies or declines in mental wellness and functioning. Individuals can still make sure their finances and other matters will be cared for thoughtfully.
Since people create a durable power of attorney before these situations take place, they can help prevent confusion during a time that may be difficult for loved ones.
Durable medical power of attorneys can help loved ones make medical decisions for them in the event a loved one is unable. This is true even if they are expected to make a full recovery.
It’s important to note that durable healthcare power of attorneys is not the same as advanced directives or living wills. Living wills cover your treatment when someone is at the end of their life and cannot communicate any longer. People can have both and in some cases combine a living will and durable medical POA into one document.
Who Needs a Durable Power of Attorney?
If someone doesn’t have a general durable power of attorney and become incapacitated, their family may not be able to just start taking care of their finances. In many cases, they would have to go to court to have someone declared mentally incompetent.
Only after this happens can they begin doing things such as filing tax returns, managing bills, and bank accounts, and applying for government benefits. This delay can make things tough for loved ones and lead to issues such as late bills.
Because of this, it’s recommended that everyone have a durable power of attorney in place just in case of unforeseen circumstances. Even something as common as a car accident could put a person in a state where they cannot make the necessary decisions in their life.
Many young people put off planning until they are older. But people who have families or anyone else who depends on them, should have a durable POA in place to make sure their finances and other matters can be handled.
However, there are also cases where it is especially critical to have one. If a person is advancing in age or are at an elevated risk for medical emergencies or changes where they may be unable to make decisions, they should create a durable power of attorney before they are unable.
Many people worry that power of attorneys are permanent documents. However, as long as one is mentally competent, they can revoke their power of attorney at any time. This means they can take advantage of the protection offered by POAs without being worried about the inability to change them if their circumstances change.
One can easily find do-it-yourself durable power of attorney forms online. While these are affordable and easy to use, they are very cookie-cutter and may not be the best option available.
Instead, it’s better to discuss particular needs with an attorney. They will be able to assess important situations and needs and take into account financial, estate planning, and medical planning needs. In addition, an attorney will know if there are local or state laws that could affect a POA.
When people are ready to create a durable power of attorney, start by finding a trusted lawyer that works in estate planning. They will be able to walk people through the process of creating a durable POA and putting it into effect.
Protect Yourself and Your Loved Ones with a Durable Power of Attorney
A durable power of attorney is a powerful planning tool for adults of any age. It can help ensure that loved ones can make healthcare and financial decisions. While some may never need to invoke it, this ability can make sure an estate is handled efficiently and by the people intended to do so.
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2022-05-18 00:29:28-04
IRAN: Digital Food Rationing rolls out using Biometric IDs amid food riots
Iran is set to be the first country to roll out a food rationing scheme based on new biometric IDs. Where vaccine passports failed, food passports will now be eagerly accepted by hungry people who can’t afford rapidly inflating food prices. This is the realization of a longstanding agenda by the Rockefeller/UN/WEF crowd to, as Kissinger put it, “control food, and control people.” Christian breaks it down in this Ice Age Farmer broadcast.
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2022-05-19 02:45:14-04
Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet
OPay consumers will enjoy a superior digital experience for multiple lifestyle services and new digital commerce opportunities for, with or without a bank account
In addition to digital commerce enablement, the two parties will jointly develop solutions to position OPay at the leading edge of financial services within the markets they operate in
CAIRO, Egypt, May 18, 2022 /PRNewswire/ — Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa.
The collaboration enables OPay consumers and merchants in the region – including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE – to engage with brands and businesses anywhere across the globe, thanks to a Mastercard virtual payment solution linked to the OPay eWallet.
This partnership is the latest milestone in Mastercard’s emerging market strategy where the technology company is collaborating with growing Fintech’s such as OPay to expand access to digital payments, enable multiple lifestyle services, create new pathways to financial inclusion and support the next generation of super-apps. Consumers are increasingly looking for seamless user experiences on a single platform offering easier interactions to complete various day-to-day needs, including sending and receiving money, ordering food and groceries, organizing transport, lending, investing and listing items they wish to sell.
In the initial phase of this partnership, OPay customers will benefit from the Mastercard virtual payment solution linked to their OPay wallets, to shop at well-known global brands for leisure, travel, accommodation, entertainment, streaming services and more. The service is available regardless of whether or not the customer has a bank account. It also allows small business owners to purchase from suppliers abroad and pay with the secure virtual payment solution.
Amnah Ajmal, Executive Vice President for Market Development, Mastercard EEMEA, said: “At Mastercard, our innovation strategy is rooted in partnerships to support inclusion at scale. Our partnership with OPay demonstrates our commitment to supporting payments providers across the world to create an interconnected global payments ecosystem that benefits an array of consumers with unique needs.”
Yahui Zhou, CEO of OPay,said: “As the leading fintech in the Middle East and Africa, we are delighted to be partnering with Mastercard as we continue on our journey to promote financial inclusion, helping to open up the global economy to more consumers and businesses across Middle East and Africa.”
Since its operations started in 2018, OPay’s active users have grown to 15 million in dozens of markets in which it operates. The company processes millions of transactions per day on average. In Nigeria alone, where OPay takes significant market share, users have saved billions of US dollars in the last four years through credit-linked savings accounts from their mobile wallets and small loans from lenders that use its platform.
Plans are in place to launch OPay services in other markets in the next three to five years, significantly driving the growth of digital inclusion and digital commerce, while at the same time widening OPay customer inclusion into the global economy.
Mastercard has made a worldwide commitment to financial inclusion, pledging to bring 1 billion people and 50 million micro and small businesses – with a focus on 25 million women entrepreneurs – into the digital economy by 2025.
About OPay:
OPay is a fast-growing mobile payment fintech company. OPay has achieved significant growth in the past three years and has become one of the largest fintech companies in Africa and Middle East with a decent market share in key markets including Nigeria, Egypt, and Pakistan among others. OPay offers bespoke services to different clients in order to suit their needs; some of these services include offline payment, online payment, digital wallet service through AI and other fintech innovations. OPay boasts over 15 million registered wallet users, 600,000 merchants nationwide and surpassed $6 billion in monthly transaction value.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com
, Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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2022-05-19 18:15:53-04
Our Only Choice: Being Controlled or Being Free is Self-Sovereignty
Catherine Austin Fitts is an expert in global finance and in an interview with Dr. Mercola and Aleks Svetski they were asked “Can Bitcoin Circumvent Economic Tyranny?”. Catherine Austin Fitts opens our minds to the risk of enslavement through digital currency, as well as explaining how and why Bitcoin and other cryptocurrency actually are a threat to Self-Sovereignty.
If you want to understand what’s happening to our financial system, I encourage you to listen to this three-hour interview. I cannot cover all the details covered in this article, so to get the whole story, please set aside the time to listen to the whole interview, or read through the 95-page transcript.
In summary, Austin Fitts explains how the globalists — “Mr. Global” is her nickname for this secret system of governance — and the central bankers of the world in particular, have since 1998 siphoned out and stolen $21 trillion or more from the U.S. government in a financial coup d’état.
Thanks to this theft by the central bankers, the American retirement (including health care benefits) and social welfare system are not adequately funded, leaving millions of aging Americans with diminished or no Social Security or Medicaid/Medicare benefits.
The primary reason for the theft, however, is to reengineer the U.S. government and political system as a whole. In short, the globalists’ plan is to take over the government by centrally controlling our economy, and then declare everyone who was promised health care and retirement as expendable.
According to Fitts, if we allow this financial coup to continue and consolidate, Bitcoin and the Bitcoin community may help pull that coup off. As explained by Fitts, slavery is the most profitable business in investment history. Digital technology now allows Mr. Global to return to a legalized form of slavery on a global scale. The theft that is underway is ultimately intended to control people.
“The lion cannot protect himself from traps, and the fox cannot defend himself from wolves. One must therefore be a fox to recognize traps, and a lion to frighten wolves.”
Self-Sovereignty is the Solution. Also known as Self-ownership
Self-ownership, also known as sovereignty of the individual or individual sovereignty, is the concept of property in one’s own person, expressed as the moral or natural right of a person to have bodily integrity and be the exclusive controller of one’s own body and life. This is the first key step to overcome tyranny.
Currently a deception is taking place inside the Self-Sovereign ID or Digital ID space (high-tech industry), as the backbone network is NOT de-centralized and in fact a conglomerate of Big Tech corporations working together, masquerading as de-centralized, purposely watering down the value of Self-sovereign ID by calling it Digital ID and not emphasizing the true benefits of Self-ownership.
Digital currency is backed by the same thing as FIAT (money)…. nothing but the advantage to paper money is everyone accepts it and it still works without technology. This is a key reason why it is vital to use paper money as often as possible and be grateful for Nation states that issue Notes, especially Treasury Notes and hope that in the future every country will print Commodity-backed Bank Notes.
