The Data Game | Edition V

Hello, Dear Readers from across the world🌍!

This week I have lots to share with you, but before we get started, let me thank all of you for taking the time to read the Data Game. 🙏 Let me start by compiling what I will discuss in this newsletter edition-

👉🏻 How Blockchain could solve the Problem of Digital Identity?

👉🏻 Highlights from COP 27: How climate finance and adaptation can support vulnerable countries?

👉🏻 News that made headlines this week

Lets began with new energies this week's ✨Data Game-

How Blockchain could solve the Problem of Digital Identity

This week we saw the collapse of once the second-largest crypto exchange in the world, FTX. In less than a week, the cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, lost most of his fortune, saw his $32 billion company plunge into bankruptcy, and became the target of investigations by the Securities and Exchange Commission and the U.S. Department of Justice.

This brings me to question traditional identity systems of today are fragmented, insecure, and exclusive. How can a new technology like Blockchain bring unified, interoperable, inclusive, and tamper-proof infrastructure? Can we avoid a crypto winter in the future?

Highlights from COP 27: How climate finance and adaptation can support vulnerable countries?

At this years' COP27 held at Sharm El Sheikh, Egypt, leading global scientific experts presented the annual 10 New Insights in Climate Science from adaptation and mitigation, to the intersections of climate and food systems, security, and finance:

1. Questioning the myth of endless adaptation
2. Vulnerability hotspots cluster in ‘regions at risk’
3. New threats on the horizon from climate-health interactions
4. Climate mobility: From evidence to anticipatory action
5. Human security requires climate security
6. Sustainable land use is essential to meeting climate targets
7. Private sustainable finance practices are failing to catalyse deep transitions
8. Loss and Damage: The urgent planetary imperative
9. Inclusive decision-making for climate-resilient development
10. Breaking down structural barriers and unsustainable lock-ins

Developing countries are contributing the least to climate change, paying a heavy price and now seeking financial support towards their damages. Countries that have knowingly contributed most to climate change should pay poorer countries for recovery from disasters. One of the clearest examples is #Pakistan: the country’s heatwave and the worst floods of its history ever have damaged the country and its people, yet the country is only responsible for less than 1% of the emissions. Many countries like Pakistan and island nations are in a similar situation and suffering from the impacts of climate change. Unfortunately, the developing world is not prepared to protect itself from climate disasters and the responsibility of the developed world is to protect and support them.

‘Using bogus “net-zero” pledges to cover up massive fossil fuel expansion is reprehensible. It is rank deception’ says United Nations Secretary-General António Guterres

Do you agree♻️?

Lets see other headlines that made news this week 🥁🤓

Identity + Web 3 News

• Most institutional investors hold or plan to buy cryptocurrencies.

Cryptocurrencies are just some digital assets considered for purchase by institutional investors. Some plan to add tokenized securities and nonfungible tokens (NFTs) to their portfolios. Another attractive sphere for institutional investors is metaverse platforms, as projects in the sector have already attracted $120 billion in investments in 2022. According to McKinsey & Company, 59% of consumers are excited about transitioning their daily activities to metaverses. The industry is expected to reach a market impact of $5 trillion by 2030.

Open Banking / Open Data

Brazil’s Central Bank will open Pix protocols to countries that want to 'copy' technology for free.

The president of Brazil’s Banco Central do Brasil, Roberto Campos Neto, believes that the municipality should release the #Pix protocols in November so that other countries can copy the instant payment system for free. The president of the Central Bank also said that the authority wants to encourage banks to act as custodians of digital assets.

Trust Frameworks

• Meet the First Mission Impact Changemakers

Mission Impact launched its first Global Leadership Program for 50 Changemakers across 21 countries & collectively speak over 25 languages. It has been amazing creating this recipe for innovation–50 women from around the world in various industries, learning and growing with industry specialists and pioneers. The program helped women learn #Web3 fundamentals.

• A Tale of Two Narratives: Money Crypto vs. Tech Crypto

“Bitcoin Maximalism” and “Ethereum Maximalism” can be used to describe Money Crypto and Tech Crypto, but it’s broader than that. While there’s overlap between these belief systems, to be sure, they have different aims, different approaches, and different philosophical underpinnings, which leads to some confusion. Let's understand where they overlap and differ and what it means for the community.

Regulation

• Biden Allocates $20 Billion to Reduce Methane Emissions.

The Biden administration announced the release of an updated U.S. Methane Emissions Reduction Action Plan, outlining a broad series of actions to reduce methane emissions across the U.S. The plan, unveiled at the COP27 climate conference, includes more than $20 billion in new investments to tackle methane emissions, with funding for the plan to be allocated from the Bipartisan Infrastructure Law and the Inflation Reduction Act, in addition to annual appropriations. 

Sustainability

• Sustainable financing ‘critical’ to reaching net zero, experts warn

Speaking on stage at Cop27’s Saudi Green Initiative was Tony Cripps, CEO and Managing Director, SABB, Richard Lacaille, EVP and global head of ESG, and Cheng Lin, head of international cooperation, Beijing Institute of Finance and Sustainability.

Thank you for reading this week with this week's edition of The Data Game 🙏. I hope this week's curated edition energized you with the news you can use 💪🏻. If so, please feel free to e-mail or share with your friends and connections who might enjoy the information we have bought together here :) 

Made with Love🌼, 

Best regards from 

Bianca & Team at Rooh Ventures 💛.