Marshall Islands
Algorand was selected to power the first national digital currency, known as the SOV, which will circulate alongside the US dollar and help the Marshall Islands efficiently operate in the global economy.
Central banks and governments have been thrust into a new reality with new opportunities to foster economic growth and prosperity for their people, preserve monetary value, and maintain governance over their currency. Algorand is armed with technical proficiencies, thought leaders, and capabilities to help central banks around the world plan, test, and adopt blockchain in order to thrive and participate in a new digital economy.
Central Bank Digital Currencies (CBDCs) could represent the most exciting innovation seen in central banking in many decades. Algorand’s Andrea Civelli explores replacing cash with modern money.
The challenges that CBDCs pose to central Banks and regulators, along with the considerations they require, are numerous. Experts from the Algorand teams provide an in depth report.
Algorand was selected to power the first national digital currency, known as the SOV, which will circulate alongside the US dollar and help the Marshall Islands efficiently operate in the global economy.
SIAE, one of the largest rights management companies founded in 1882, has launched 4 Million NFTs on Algorand representing rights of nearly 100,000 creators. This is the first step for SIAE for a blockchain-based future that will rapidly and profoundly change the business models for many other intermediaries across the management of rights and contents.