Category Archives: Decentralization

Blockchain Revolution: A Race for Banking’s Survival – Finance Magnates

In the rapidly shifting landscape of modern finance, onetechnology has the potential toreshape the very essence of banking. Blockchain technology, with itsdecentralized architecture, istaking center stage, and it's time for banks to recognize the urgency ofthe situation.

But how exactly is blockchain poised to revolutionize theworld of banking? It does so byaddressing some of the industry's most pressing challenges:

But what is the driving force behind the blockchainrevolution, and why is it an imperative necessity? The answer lies in the coreprinciple of decentralization. While blockchain technology empowers individualsby decentralizing control, traditional banking systems have thrived oncentralization and intermediaries.

The rise of cryptocurrencies, such as Bitcoin, demonstratesthe unrelenting pursuit of decentralization. These digital assets, underpinnedby blockchain technology, are designed to circumvent central authority. Theypromise financial autonomy, security, and privacy, concepts that are clearlyresonating with consumers.

Keep Reading

One of the most remarkable trends in recent years is thesurging adoption of crypto wallets. These digital wallets, essential formanaging cryptocurrencies, are increasingly becoming a part of daily life formillions. With growing adoption rates, they have transcended their role in theworld of crypto investments and become a norm for digital transactions.

As crypto wallets become a daily tool for individuals, the shiftbecomes evident. With unparalleled benefits, including cheaper and fastercross-border payments, more integrated financial markets, and increasedfinancial inclusion, cryptocurrencies are no longer the future; they are areality.

As the surge in crypto wallet adoption continues to reshapefinancial landscapes, another impending battle for deposits is on the horizon.Traditional banks and tech giants are about to face an existential challenge.

Cryptocurrencies and DeFi platforms have unlocked newavenues for users to earn interest on their digital assets. Crypto enthusiastscan now stake their holdings, participate in liquidity pools, or simply storetheir assets in wallets that offer attractive yields. These emerging trends aredriving a wedge between banks and their customers, as depositors explorealternative avenues to make their money work for them.

This shift towards crypto wallet adoption brings forth amassive challenge for traditional banks. The convenience, security, andefficiency offered by cryptocurrencies are reshaping the way individualsperceive banking. With banks historically at the center of financialtransactions, crypto assets are now presenting a decentralized alternative.

Urgency is inescapable as we ask: Why would people need touse a bank with so many crypto alternatives doing faster and more efficienttasks?

Banks must acknowledge the changing landscape of financialservices. While they have long been the gatekeepers of financial activities,they now face competition from decentralized alternatives. The centralizationmodel that has been the backbone of banking for centuries is being challengedby the decentralized nature of blockchain technology.

The race is on, and the future of banking hinges on howwell traditional institutions can adapt and integrate blockchain into theirvalue proposition. Those that embrace this transformative technology will notonly survive but thrive in a decentralized world.

Blockchain technology is the driving force behinddecentralization, and cryptocurrencies are its real-world embodiment. The worldof finance is evolving, and the transformation is happening faster than ever.To remain relevant, banks must become the vanguard of blockchain adoption,securing a future where the decentralization of financial transactions becomesa norm.

In this fast-evolving landscape, banks that fail to adaptmay find themselves relegated to history, as the world moves forward into adecentralized financial future. The urgency is clear: embrace blockchain orface the possibility of irrelevance. The revolution is here, and it'sdecentralization that's leading the way.

In the rapidly shifting landscape of modern finance, onetechnology has the potential toreshape the very essence of banking. Blockchain technology, with itsdecentralized architecture, istaking center stage, and it's time for banks to recognize the urgency ofthe situation.

But how exactly is blockchain poised to revolutionize theworld of banking? It does so byaddressing some of the industry's most pressing challenges:

But what is the driving force behind the blockchainrevolution, and why is it an imperative necessity? The answer lies in the coreprinciple of decentralization. While blockchain technology empowers individualsby decentralizing control, traditional banking systems have thrived oncentralization and intermediaries.

The rise of cryptocurrencies, such as Bitcoin, demonstratesthe unrelenting pursuit of decentralization. These digital assets, underpinnedby blockchain technology, are designed to circumvent central authority. Theypromise financial autonomy, security, and privacy, concepts that are clearlyresonating with consumers.

Keep Reading

One of the most remarkable trends in recent years is thesurging adoption of crypto wallets. These digital wallets, essential formanaging cryptocurrencies, are increasingly becoming a part of daily life formillions. With growing adoption rates, they have transcended their role in theworld of crypto investments and become a norm for digital transactions.

As crypto wallets become a daily tool for individuals, the shiftbecomes evident. With unparalleled benefits, including cheaper and fastercross-border payments, more integrated financial markets, and increasedfinancial inclusion, cryptocurrencies are no longer the future; they are areality.

As the surge in crypto wallet adoption continues to reshapefinancial landscapes, another impending battle for deposits is on the horizon.Traditional banks and tech giants are about to face an existential challenge.

Cryptocurrencies and DeFi platforms have unlocked newavenues for users to earn interest on their digital assets. Crypto enthusiastscan now stake their holdings, participate in liquidity pools, or simply storetheir assets in wallets that offer attractive yields. These emerging trends aredriving a wedge between banks and their customers, as depositors explorealternative avenues to make their money work for them.

This shift towards crypto wallet adoption brings forth amassive challenge for traditional banks. The convenience, security, andefficiency offered by cryptocurrencies are reshaping the way individualsperceive banking. With banks historically at the center of financialtransactions, crypto assets are now presenting a decentralized alternative.

Urgency is inescapable as we ask: Why would people need touse a bank with so many crypto alternatives doing faster and more efficienttasks?

Banks must acknowledge the changing landscape of financialservices. While they have long been the gatekeepers of financial activities,they now face competition from decentralized alternatives. The centralizationmodel that has been the backbone of banking for centuries is being challengedby the decentralized nature of blockchain technology.

The race is on, and the future of banking hinges on howwell traditional institutions can adapt and integrate blockchain into theirvalue proposition. Those that embrace this transformative technology will notonly survive but thrive in a decentralized world.

Blockchain technology is the driving force behinddecentralization, and cryptocurrencies are its real-world embodiment. The worldof finance is evolving, and the transformation is happening faster than ever.To remain relevant, banks must become the vanguard of blockchain adoption,securing a future where the decentralization of financial transactions becomesa norm.

In this fast-evolving landscape, banks that fail to adaptmay find themselves relegated to history, as the world moves forward into adecentralized financial future. The urgency is clear: embrace blockchain orface the possibility of irrelevance. The revolution is here, and it'sdecentralization that's leading the way.

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Blockchain Revolution: A Race for Banking's Survival - Finance Magnates

Binance’s Web3 Wallet: Is Multi-Party Computation the Solution? – Finance Magnates

In the ever-evolving world ofcryptocurrency, Binance has taken a significant step by introducinga Web3 wallet designed to interact with the decentralized finance (DeFi)ecosystem. This announcement was made during the Binance Blockchain Weekconference in Istanbul and marks a remarkable shift towards more secure anduser-friendly solutions in the crypto space.

Web3 wallets are a pivotalelement of the Web3 framework, enabling individuals to experienceself-sovereign finance, offering greater control and security.

What sets Binance's Web3 walletapart is its compatibility with 30 blockchain networks, a feature that makes itexceptionally versatile and powerful. Binance aims to compete directly withother well-known Web3 wallet providers such as MetaMask and Trust Wallet. Thelatter was acquired by Binance in 2018, reflecting the industry's drive toexpand and diversify.

One of the most significantconcerns associated with Web3 wallets has been their vulnerability to hackingand scams. Scammers have exploited various techniques to steal users' cryptoassets, and some of these attacks require nothing more than knowledge of thevictim's wallet address. This type of exploit, known as "icephishing," can lead to users unknowingly signing malicious transactionsthat grant attackers access to their wallets, subsequently resulting in theloss of their funds.

Keep Reading

Moreover, a variation of thisattack involves tricking users into sending native assets directly to scammers.These scams may appear convincing, and unsuspecting users can easily fall preyto them.

To counter these threats,Binance's Web3 wallet incorporates multi-party computation (MPC) as a securitymeasure. MPC eliminates the need for users to memorize seed phrases while stillensuring the benefits of security and self-custody. With MPC, the private keyis divided into three parts called key shares, with the wallet ownercontrolling two of these shares, making it significantly more challenging forhackers to gain access.

MPCs Gamble

MPC addresses theshortcomings of hot wallets, cold wallets, and hardware wallets. It offersboth operational and institutional security requirements for safely storingprivate keys without hindering operational efficiency. However, this raises acrucial question: does the use of MPC go against the very essence ofdecentralization?

The introduction of MPC can beseen as a trade-off, enhancing security but introducing a level ofcentralization, albeit in a multi-party form. This sparks a debate in thecrypto community as to whether such security measures undermine the coreprinciple of decentralization.

As the digital asset spacecontinues to evolve, finding a delicate balance between security anddecentralization becomes increasingly important. While MPC offers robustsecurity for private keys, it raises essential questions about the futuredirection of the crypto industry and the values it upholds.

While Binance's entry into theworld of Web3 wallets signifies a significant step toward the decentralizationof finance, it also highlights the urgent need for comprehensive securitymeasures. The rise in crypto wallet adoption rates has further intensified thecrypto industry's battle against scams and hacks.

In this rapidly changinglandscape, the introduction of Binance's Web3 wallet with its enhanced securityfeatures is a step in the right direction. It represents a commitment toproviding users with a safe and user-friendly environment for engaging in thedecentralized finance ecosystem. As the battle for trust and security in thecrypto world intensifies, such innovations will play a crucial role in ensuringthe safety and longevity of the crypto space. The shift towards Web3 walletsand their accompanying security measures offers a glimmer of hope in theongoing fight against crypto scams and hacks.

In the ever-evolving world ofcryptocurrency, Binance has taken a significant step by introducinga Web3 wallet designed to interact with the decentralized finance (DeFi)ecosystem. This announcement was made during the Binance Blockchain Weekconference in Istanbul and marks a remarkable shift towards more secure anduser-friendly solutions in the crypto space.

Web3 wallets are a pivotalelement of the Web3 framework, enabling individuals to experienceself-sovereign finance, offering greater control and security.

What sets Binance's Web3 walletapart is its compatibility with 30 blockchain networks, a feature that makes itexceptionally versatile and powerful. Binance aims to compete directly withother well-known Web3 wallet providers such as MetaMask and Trust Wallet. Thelatter was acquired by Binance in 2018, reflecting the industry's drive toexpand and diversify.

One of the most significantconcerns associated with Web3 wallets has been their vulnerability to hackingand scams. Scammers have exploited various techniques to steal users' cryptoassets, and some of these attacks require nothing more than knowledge of thevictim's wallet address. This type of exploit, known as "icephishing," can lead to users unknowingly signing malicious transactionsthat grant attackers access to their wallets, subsequently resulting in theloss of their funds.

Keep Reading

Moreover, a variation of thisattack involves tricking users into sending native assets directly to scammers.These scams may appear convincing, and unsuspecting users can easily fall preyto them.

To counter these threats,Binance's Web3 wallet incorporates multi-party computation (MPC) as a securitymeasure. MPC eliminates the need for users to memorize seed phrases while stillensuring the benefits of security and self-custody. With MPC, the private keyis divided into three parts called key shares, with the wallet ownercontrolling two of these shares, making it significantly more challenging forhackers to gain access.

MPCs Gamble

MPC addresses theshortcomings of hot wallets, cold wallets, and hardware wallets. It offersboth operational and institutional security requirements for safely storingprivate keys without hindering operational efficiency. However, this raises acrucial question: does the use of MPC go against the very essence ofdecentralization?

The introduction of MPC can beseen as a trade-off, enhancing security but introducing a level ofcentralization, albeit in a multi-party form. This sparks a debate in thecrypto community as to whether such security measures undermine the coreprinciple of decentralization.

As the digital asset spacecontinues to evolve, finding a delicate balance between security anddecentralization becomes increasingly important. While MPC offers robustsecurity for private keys, it raises essential questions about the futuredirection of the crypto industry and the values it upholds.

While Binance's entry into theworld of Web3 wallets signifies a significant step toward the decentralizationof finance, it also highlights the urgent need for comprehensive securitymeasures. The rise in crypto wallet adoption rates has further intensified thecrypto industry's battle against scams and hacks.

In this rapidly changinglandscape, the introduction of Binance's Web3 wallet with its enhanced securityfeatures is a step in the right direction. It represents a commitment toproviding users with a safe and user-friendly environment for engaging in thedecentralized finance ecosystem. As the battle for trust and security in thecrypto world intensifies, such innovations will play a crucial role in ensuringthe safety and longevity of the crypto space. The shift towards Web3 walletsand their accompanying security measures offers a glimmer of hope in theongoing fight against crypto scams and hacks.

Originally posted here:

Binance's Web3 Wallet: Is Multi-Party Computation the Solution? - Finance Magnates

Is Bitcoin Really Digital Gold? – Finance Magnates

Within thecryptocurrency industry, Bitcoin has earned the moniker "digitalgold," drawing comparisons with the actual precious metal. But the issueremains: Is Bitcoin truly the digital counterpart of gold? In this post, wewill look at the features of both Bitcoin and gold to see if the comparisonholds up under investigation.

Bitcoin debutedin 2009 as an experimental digital money based on blockchain technology. It hasevolved from an intriguing notion to a recognized asset class over time.Comparisons of Bitcoin and gold as value storage have gained popularity, withnumerous important elements contributing to this impression.

The idea ofBitcoin as "digital gold" is supported by various similaritiesbetween the two assets:

However, it'scrucial to grasp the features that define Bitcoin apart from gold:

Keep Reading

Bitcoin has been tradingsteadily around the $35,000 level, while the broader cryptocurrency market sawsome ups and downs.

Some are increasinglyviewing Bitcoin as a potential hedge, akin to traditional assets like gold,against the backdrop of economic uncertainty. The growing understanding of theUnited States' dire fiscal situation and Bitcoin's role as a hedge is drivingthis sentiment. With the U.S. national debt exceeding $33 trillion and unfundedliabilities amounting to around $170 trillion, the need for quantitativeeasing, or money printing, is inevitable, potentially leading to thedevaluation of the dollar. In this environment, Bitcoin is seen as "gold2.0," providing protection against these financial headwinds.

While Bitcoin's status as ahedge is gaining traction, the cryptocurrency market remains volatile. Traderscontinue to take profits after a broader crypto rally, leading to fluctuationsin various tokens. Despite the volatility, some believe theoverall outlook for Bitcoin and the crypto market is promising.

While Bitcoin may still facepullbacks and volatility, the idea of it as "digital gold" is gainingmomentum, with some seeing it as a key asset to hedge against uncertaineconomic times. Whether it can fully live up to this role remains to be seen,but Bitcoin's resilience and continued presence in the financial landscapeindicate that the debate is far from over.

Finally, thecomparison of Bitcoin and gold as stores of value is based on their similarqualities, such as restricted supply, decentralization, mobility, divisibility,and roles as inflation hedges. Differences between the two assets includemateriality, tangibility, industrial application, volatility, and regulatorymonitoring.

While Bitcoin has characteristics similar to gold's attractiveness,it remains a distinct digital entity charting its own way in the world offinance and investing. Investors and enthusiasts should approach both assetswith an appreciation of their unique characteristics and roles in a diversifiedportfolio.

The discussion over whether Bitcoin is actually "digitalgold" is expected to continue, reflecting cryptocurrencies' continuedevolution and role in the global economy.

Within thecryptocurrency industry, Bitcoin has earned the moniker "digitalgold," drawing comparisons with the actual precious metal. But the issueremains: Is Bitcoin truly the digital counterpart of gold? In this post, wewill look at the features of both Bitcoin and gold to see if the comparisonholds up under investigation.

Bitcoin debutedin 2009 as an experimental digital money based on blockchain technology. It hasevolved from an intriguing notion to a recognized asset class over time.Comparisons of Bitcoin and gold as value storage have gained popularity, withnumerous important elements contributing to this impression.

The idea ofBitcoin as "digital gold" is supported by various similaritiesbetween the two assets:

However, it'scrucial to grasp the features that define Bitcoin apart from gold:

Keep Reading

Bitcoin has been tradingsteadily around the $35,000 level, while the broader cryptocurrency market sawsome ups and downs.

Some are increasinglyviewing Bitcoin as a potential hedge, akin to traditional assets like gold,against the backdrop of economic uncertainty. The growing understanding of theUnited States' dire fiscal situation and Bitcoin's role as a hedge is drivingthis sentiment. With the U.S. national debt exceeding $33 trillion and unfundedliabilities amounting to around $170 trillion, the need for quantitativeeasing, or money printing, is inevitable, potentially leading to thedevaluation of the dollar. In this environment, Bitcoin is seen as "gold2.0," providing protection against these financial headwinds.

While Bitcoin's status as ahedge is gaining traction, the cryptocurrency market remains volatile. Traderscontinue to take profits after a broader crypto rally, leading to fluctuationsin various tokens. Despite the volatility, some believe theoverall outlook for Bitcoin and the crypto market is promising.

While Bitcoin may still facepullbacks and volatility, the idea of it as "digital gold" is gainingmomentum, with some seeing it as a key asset to hedge against uncertaineconomic times. Whether it can fully live up to this role remains to be seen,but Bitcoin's resilience and continued presence in the financial landscapeindicate that the debate is far from over.

Finally, thecomparison of Bitcoin and gold as stores of value is based on their similarqualities, such as restricted supply, decentralization, mobility, divisibility,and roles as inflation hedges. Differences between the two assets includemateriality, tangibility, industrial application, volatility, and regulatorymonitoring.

While Bitcoin has characteristics similar to gold's attractiveness,it remains a distinct digital entity charting its own way in the world offinance and investing. Investors and enthusiasts should approach both assetswith an appreciation of their unique characteristics and roles in a diversifiedportfolio.

The discussion over whether Bitcoin is actually "digitalgold" is expected to continue, reflecting cryptocurrencies' continuedevolution and role in the global economy.

See the article here:

Is Bitcoin Really Digital Gold? - Finance Magnates

Laos faces challenges in regulation of mining operations – Xinhua

VIENTIANE, Nov. 9 (Xinhua) -- Development of administrative mechanisms, management, monitoring and law enforcement with regard to mining operations are experiencing challenges in Laos.

Lao national TV on Thursday quoted Lao Minister of Energy and Mines Phoxay Sayasone as saying that the main challenge encountered relates to staff shortages within the ministry, while the number of new projects authorized as well as advanced level scholarships in essential subjects are also limited.

Training plans need updated priorities and focus, while the decentralization of management and local empowerment must be enhanced, and inspection, monitoring and evaluation must be improved to quickly prevent problems, together with the empowerment of local communities, he added.

Meanwhile, the Lao government is revising decrees and other legislations on the regulation of mining operations to make them more effective.

Decrees relating to fines and measures to be taken against violators in the mining sector, and a decree on rare minerals, will be completed by 2024 and 34 new pieces of legislation will be enacted.

The government will also strive to solve the problem of accumulated debt involving mining projects, relating to the payment of concessions and contractual capital, Phoxay said.

The ministry is expected to encourage 33 projects for carrying out economic and technical mineral feasibility studies for mining concession agreements to complete the studies by 2025.

Laos is expected to produce mineral products valued at 7,832 million U.S. dollars from 2021 to 2025, up 4 percent from the previous five years.

The government has authorized foreign and domestic companies to engage in mining operations since 1990, with mineral deposits located in at least 570 locations across the country.

The government is promoting investment in mining to boost revenue through export of natural resources, while ensuring environmental protection.

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Laos faces challenges in regulation of mining operations - Xinhua

Sekureklouds Suresh Venkatachari emphasises the role of smart contracts in Web3 – Zee Business

As Web3 reshapes industries under the guidance of innovators like Suresh Venkatachari, our attention naturally veers toward decentralised applications (dApps), financial inclusivity through DeFi, and the NFT phenomenon. However, it is crucial to delve into the underlying force propelling this transformation and not lose sight of its bedrock: smart contracts. Smart contracts are indeed the cornerstone of the Web3 revolution. These self-executing contracts with the terms of the agreement written directly into code are reshaping industries. By automating and enforcing the execution of agreements without the need for intermediaries, smart contracts promise a new era of efficiency, transparency, and trust in various sectors. With the advent of blockchain technology, smart contracts have found their natural environment, allowing for the secure and immutable execution of agreements. As we delve into the world of Web3, understanding and advancing the capabilities of smart contracts will be crucial in unlocking the full potential of this transformative technology.

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Smart contracts: The Web3 powerhouse shaping our digital future

Suresh Venkatachari, Founder and Promoter of SecureKloud, underscores the indispensable role of smart contracts in the Web3 landscape. "Smart contracts should be given the importance they deserve," he emphasises, "as they form the backbone of trust, transparency, and efficiency in this transformative ecosystem."

At their core, smart contracts are self-executing agreements, meticulously programmed to trigger predefined actions automatically when specific conditions are met. What sets them apart is their incorruptible, immutable, and tamper-proof nature, ensuring that transactions and agreements conducted through smart contracts are not just secure but trustless, transcending traditional intermediaries. They have the potential to revolutionize how business is conducted, how assets are managed, and even how communities are governed.

The Broad Reach of Smart Contracts

The versatility of smart contracts is breathtaking. They find applications in diverse domains such as supply chain management, real estate transactions, intellectual property rights, and more. Venkatachari elaborates on their far-reaching implications. "Smart contracts are not limited to any single industry. They are set to revolutionize the way entrepreneurs conduct business across the spectrum, offering unparalleled transparency and efficiency in transactions."

In real estate transactions, smart contracts streamline tasks like property transfers, escrow services, and title transfers, accelerating the process and reducing costs while minimizing potential disputes," adds Venkatachari of SecureKloud Technologies.

Beyond the areas identified above, smart contracts hold promise in finance, insurance, healthcare, and government processes, enabling secure financial transactions, automating insurance claims, and streamlining administrative tasks. As this technology advances, it is poised to play a central role in shaping the future of global business transactions and agreements.

Web3's transformation powered by smart contracts

As Web3 unfolds, smart contracts emerge as a driving force behind decentralization, facilitating trustless interactions and redefining traditional business models. The transformative potential of smart contracts is vast, touching industries beyond the realms of technology, finance, and art. Their role in revolutionizing the exchange of assets, the execution of agreements, and the guarantee of transparency is pivotal.

In an era where trust, security, and efficiency are paramount, Venkatachari advocates for the recognition of smart contracts as integral components of Web3. He emphasizes that the relationship between Web3 and smart contracts is symbiotic, with smart contracts empowering the decentralized ecosystem while benefiting from it.

Web3's renaissance: A symphony of technologies

In the ever-evolving Web3 landscape, smart contracts are essential instruments orchestrating a symphony of technologies. "Web3 is more than just a vision; it's a reality. And at its heart, smart contracts play a central role in weaving the fabric of this transformative era,"Venkatachari concludes.

As Web3 continues to redefine the digital realm, it is imperative to acknowledge the profound impact of smart contracts in driving trust, transparency, and efficiency in an ecosystem that thrives on decentralization. Venkatachari's resounding message is clear: Web3 and smart contracts together usher in a new age of limitless possibilities and reinvigorated trust in a tech-savvy world.

AI, smart contracts, and the future of Web3 transactions

Venkatachari, a trailblazer in cloud technologies and AI, reveals a groundbreaking development at the intersection of artificial intelligence, smart contracts, and the emerging Web3 era. This synergy promises a pivotal transformation in transactional efficiency and adaptability, transcending the constraints of traditional agreements. Thanks to real-time data analysis, smart contracts can now dynamically adjust, fostering agile and responsive agreements across industries like supply chain management, finance, and healthcare.

Web3, characterized by a decentralized, user-centric ecosystem, provides the ideal backdrop for this evolution. As Venkatachari emphasises, this transformation is reshaping commerce and contractual processes, benefiting businesses and individuals alike. In the Web3 era, this convergence signifies not only technological innovation but also a profound reimagining of business and transaction dynamics.

The horizons of what's achievable continue to stretch beyond our imagination," says Venkatachari SecureKloud Technologies. This dynamic fusion of technologies is charting a course toward a future characterized by unprecedented transactional efficiency, decentralized autonomy, and boundless innovation. As we venture forward, we find ourselves in a realm where the inconceivable becomes reality, shaping a global economy that empowers and evolves.

(This article is part of IndiaDotCom Pvt Ltds Consumer Connect Initiative, a paid publication programme. IDPL claims no editorial involvement and assumes no responsibility, liability or claims for any errors or omissions in the content of the article. The IDPL Editorial team is not responsible for this content.)

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Sekureklouds Suresh Venkatachari emphasises the role of smart contracts in Web3 - Zee Business

Vitalik Buterin Dissects Evolving Landscape of Ethereum Layer 2 … – Milk Road

As Ethereum continues to cement itself as the leading smart contract blockchain network, an array of layer 2 scaling solutions have emerged to help bring greater capacity, lower costs, and increased security to the ecosystem. According to Ethereum co-founder Vitalik Buterin, the layer 2 landscape is likely to remain diverse and heterogeneous going forward.

In a recent blog post titled Different Types of Layer 2s, Buterin provided an overview of the current state of Ethereum layer 2 solutions and why he expects continued variation in technical approaches:

According to Buterin, there are several key reasons driving continued innovation and heterogeneity across layer 2 solutions:

When assessing the tradeoffs between solutions offering varying degrees of decentralization and Ethereum interoperability, Buterin highlights two key considerations:

Buterin notes two primary dimensions for evaluating a layer 2s connectedness to Ethereum:

For both dimensions, projects sit on a spectrum, ranging from loose integration to tight interleaving with Ethereum. There are merits to different approaches depending on the use case:

In many cases, starting with something looser today and moving to a tighter coupling over the next decade as technology improves may well be optimal.

The layer 2 landscape is primed to continue diversifying as Ethereum gears up for native scaling improvements in sharding and rollup interoperability.

While rollups are likely to serve as long-term solutions for decentralized finance and other security-critical applications, alternative layer 2 technologies will also proliferate in the coming years to meet the needs of gaming, social media, the Internet of Things, and more.

Milk Road Writer

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

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Vitalik Buterin Dissects Evolving Landscape of Ethereum Layer 2 ... - Milk Road

35th Infantry Division strengthens Kansas National Guard’s Armenia … – United States Army

YEREVAN, Armenia Members of the 35th Infantry Division staff met with the Armenian National Defense Research University, members of the ministry of defense general staff, and students of the Vazgen Sargsyan Military Academy September 1-16, 2023, as part of the Kansas Army National Guard State Partnership Program. The purpose of the visit was to facilitate discussions and training on mission command and the officer/non-commissioned officer relationship from a U.S. Army and National Guard perspective.

This year marks the 20th anniversary of the State Partnership Program between the Kansas National Guard and the Republic of Armenia and the 30th anniversary of the State Partnership Program overall. Over the years, the Kansas National Guard has worked closely with the Armenian Ministry of Defense, Ministry of Health, Rescue Service and other governmental offices and agencies, cooperating on military-to-military, military-to-civilian and civilian-to-civilian events.

Topics for engagements are chosen through discussions between the two entities and depend on the capabilities and interests of each.

One of the first things we did was meet with the commander of the NDRU which is the equivalent of the U.S. Army War College and his staff and talk through what he wanted out of the engagement, said Lt. Col. Jason Inskeep, deputy operations officer for the 35th Infantry Division. And then similarly, we talked with the commander of the military academy to see what his intent was. A big part of it is making sure we are meeting the commanders intent.

Mission command and officer/NCO relationships were chosen as topics in part because of the significant differences between the two countries doctrines.

Currently, they are in the process of revising their doctrine and looking at how they utilize their NCO corps, said Inskeep of the Armenian military. Their NCOs dont have the same types of responsibilities that NCOs have in the U.S. Army.

Discussions centered around the U.S. Armys concept of mission command, which allows for decentralization and the execution of disciplined initiative.

Command Sgt. Maj. Richard Peplow, senior operations NCO for the 35th Infantry Division, also noted of the differences in the way the doctrine of the two militaries codifies officer/NCO roles and responsibilities, remarking that the concept of mission command might seem somewhat strange to militaries in other countries.

The Armenian idea of how their NCO corps works is completely different than in the United States Army, said Peplow. I hoped to be able to give the Armenian officers a different point of view. We werent there to say Our way is the right way. It was about having an open dialogue about how we operate and the success weve had with it.

Peplow, who recently returned from the 35th Infantry Division's 2022 deployment in support of Operation Spartan Shield, said it was helpful being able to provide real-world examples from his experiences.

It was my first visit to Armenia and I didnt really know what to expect, said Peplow. But I was pleasantly surprised with how open and accepting everyone was of us bringing a somewhat unusual, different way of doing things and their willingness to at least listen.

With the Armenia/Kansas Army National Guard relationship being now well-established, Inskeep sees many more opportunities in the future to continue the conversations.

Over the past 20 years, the amount of involvement we have had has only increased, said Inskeep. Theres a lot of opportunities to participate in exercises and instruction. The division is the unit of action for the Army, so its a good opportunity for us to teach what we know and what we do, and also for us to learn from their experiences.

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35th Infantry Division strengthens Kansas National Guard's Armenia ... - United States Army

Vatican releases Synod report proposing larger role for laity in church – Arlington Catholic Herald

The Vatican released the Synod on Synodalitys synthesis report Oct. 28 outlining key proposals discussed during the nearly monthlong assemblys confidential conversations.

The highly anticipated text was approved paragraph by paragraph by a vote of 344 synod delegates, which for the first time included women and other non-bishops as voting members.

The document, the synthesis of the assemblys Oct. 429 work, proposes a synodal church that implements synodality throughout church governance, theology, mission, and discernment of doctrine and pastoral issues.

The 42-page text, released by the Vatican in Italian, covers 20 topics from the dignity of women to the bishop of Rome in the College of Bishops. For each topic, convergences, matters for consideration and proposals are outlined.

More than 80 proposals were approved in the synod vote, including establishing a new baptismal ministry of listening and accompaniment, initiating discernment processes regarding the decentralization of the church, and strengthening the Council of Cardinals into a synodal council at the service of the Petrine ministry.

Other proposals include giving lectors a preaching ministry in appropriate contexts, implementing structures and processes to increase the accountability of bishops in matters of economic administration, supporting digital missionaries, and promoting initiatives that enable shared discernment of controversial, doctrinal, pastoral, and ethical issues in the light of the word of God, church teaching, theological reflection, and valuing synodal experience.

The document also encourages churches to experiment with conversation in the spirit the listening-and-reflection method the synods delegates have used in their deliberations this month and forms of discernment in the life of the church. It calls for the implementation of the exercise of synodality at regional, national, and continental levels.

Absent from the summary report are definitive conclusions on same-sex blessings, womens ordination, and a handful of other hot-button topics that have drawn the lions share of media attention during this years assembly.

Throughout the document, areas of disagreement among the synod participants are listed as matters of consideration. Among them are womens access to diaconal ministry, priestly celibacy, Eucharistic hospitality for interfaith couples, and assigning the handling of abuse cases to another body instead of the bishops.

Written by experts invited to attend the synod and overseen by a commission of 13 synod delegates, the text says it aims to be a tool at the service of ongoing discernment. It is divided into three main sections on the elements of a synodal church, participation in mission and processes that enable dialogue with the world.

Vatican spokesman Paolo Ruffini said that more than 1,000 amendments were submitted by synod delegates to the original draft of the report after it was presented to the assembly Oct. 25.

Voting on the text took place Oct. 28 with each paragraph requiring the approval of two-thirds of the members present for inclusion in the final report.

Every paragraph was approved in the voting process. A paragraph describing uncertainties surrounding the theology of the diaconal ministry and calling for more reflection on womens access to the diaconate received the most negative votes.

Rather than saying that the church has a mission, we affirm that the church is mission, the document says.

The exercise of co-responsibility is essential for synodality and is necessary at all levels of the church, it adds.

The text is the culmination of days of discussion by 365 synod delegates during the 16th Ordinary General Assembly of the Synod of Bishops after years of consultation at local, national and regional levels since the global synod process was launched in 2021. It lays the foundation for the second Synod on Synodality assembly that will take place in October 2024.

The 2023 synod assembly came to its formal conclusion Oct. 29 when Pope Francis offered the closing Mass in St. Peters Basilica.

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Vatican releases Synod report proposing larger role for laity in church - Arlington Catholic Herald

EarlyBirds Empowers Blockchain Innovation for Data Security and Transparency in B2B Ecosystem – Yahoo Finance

Forde, Oct. 31, 2023 (GLOBE NEWSWIRE) -- EarlyBirds, an Australian firm with an open-source innovation ecosystem, which is a business to business (B2B) platform providing early adopters, innovators, and subject matter experts (SMEs) a chance to collaborate and speed up technology adoption and advancement, wants to highlight the role of blockchain technology in data integrity and transparency. Artificial intelligence (AI) on the blockchain has the capability to ensure transparency in data processing, allowing users to know how their data is used. With regards to data integrity and security, in most block chains which use distributed ledger technologies (DLT), the data is structured in blocks before being included in a crypto chain, which makes it almost impossible to tamper with the data. Those who want to accelerate the adoption of blockchain to ensure data security and transparency can join the EarlyBirds platform as early adopters at https://earlybirds.io/en/early_adopter.

blockchain

Blockchain technology has been playing a key role in revolutionising supply chain management through the improvement of security, transparency, and efficiency. Blockchain is also being used in product authentication, quality control, facilitation of finance, in smart contracts, inventory management, ensuring compliance with regulatory specifications, sustainable sourcing, food safety, and reduction of paperwork.

In financial services, blockchain technology can help in reducing issuance and settlement times and decreasing counterparty risk in banking and lending services. It can also help speed up collaterization of assets; automate syndicate formation, underwriting, and disbursement of funds; streamline credit scoring and credit prediction; and authenticate documentation and KYC (know your customer) / AML (anti-money laundering) data.

Meanwhile, De Beers is one of the companies applying blockchain technology for its supply chain. They have developed a blockchain platform called Tracr that helps in regulating their supply chain management system. Unilever also uses blockhain technology to monitor all their transactions in the supply chain for its tea business. Walmart has been using blockchain technology for a long time. It uses IBMs supply chain technology called Hyperledger Fabric for backing up their supply chain process. Change Healthcare is one of the big companies using blockchain technology. They employ the Intelligent Healthcare Network that uses Hyperledger Fabric to power it.

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At the EarlyBirds system, early adopter companies are likely to find almost every kind of blockchain technology. Taking part in the platform are many companies focused on data security, encryption, and data loss prevention. Innovator companies can join EarlyBirds at https://earlybirds.io/en/innovator. Blockchain is important in data security because it can help in verifying and ensuring the traceability of multistep transactions. With that, blockchain can help in ensuring secure transactions, decreasing compliance costs, and hastening data transfer processing. With regards to encryption, blockchains employ two kinds of cryptographic algorithms: hash functions and asymmetric-key algorithms. Furthermore, blockchains can help prevent data breaches. Blockchain technology is based on the concept of decentralization as opposed to having centralized control. In a decentralized blockchain network, there is no need to know or trust anyone else in the network.

The EarlyBirds open innovation ecosystem has two key parts. One is the Explorer program designed to facilitate technological innovation for the business as a service. The Explorer program has a number of features, such as: quarterly and monthly innovation days; weekly webinars to help stimulate innovation in the organisation; a focus on particular types of innovations; a nominated SME for the business, and a platform enterprise license. Meanwhile, the Challenger program is for businesses that want to discover solutions for one specific technical or business problem at a time.

EarlyBirds is a developer of an open source innovation ecosystem that enables early adopters, innovators, and SMEs to come together to accelerate the adoption of technology to help innovators to succeed and thrive while allowing early adopter businesses to find new and disruptive innovations and discover opportunities for solving their challenges and problems.

Those who want to know more about the EarlyBirds system and the benefits of decentralization to enable secure and transparent systems can visit the EarlyBirds website at http://earlybirds.io or contact them on the phone or through email. They want to stress that they are committed to driving blockchain technology innovations to ensure a secure future.

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For more information about EarlyBirds, contact the company here:

EarlyBirdsMr Kris Poria and Mr Jeff Penrose+61 401 287 060support@earlybirds.ioFORDE SUITE 10, LEVEL 1, 26 FRANCIS FORDE BOULEVARD, FORDE, ACT 2914

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EarlyBirds Empowers Blockchain Innovation for Data Security and Transparency in B2B Ecosystem - Yahoo Finance

Inclusive Dialogue, Implementation of Political Accord Only Viable … – United Nations

The Government of the Central African Republic must engage in inclusive dialogue with opposition parties and armed groups to build trust among stakeholders ahead of local elections in October2024, the United Nations top official there told the Security Council today, as she highlighted progress in the countrys peace process.

Valentine Rugwabiza, Special Representative of the Secretary-General and Head of the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic(MINUSCA), noting the countrys 31July referendum and its recent adoption of a new Constitution, highlighted the Governments progress in advancing the peace process and MINUSCAs support to that end.

The implementation of the political and peace agreement remains the only viable and ideal solution for the return to peace and sustainable development in the Central African Republic, she emphasized, urging renewed attention to an inclusive dialogue with the political opposition and armed groups to promote credible local elections, scheduled for October2024.

Pointing to the disbandment of nine armed groups that signed the Political Agreement for Peace and Reconciliation in the Central African Republic, as well as progress in security sector reform, among others, she stressed: It is essential to build on this momentum to strengthen trust between all stakeholders in the political peace process.

In the ensuing debate, Council members, echoing the Special Representative, underscored that the Political Agreement for Peace and Reconciliation remains key to achieving peace and stability in the country. Speakers also welcomed the Banguis commitment to the peace process and its decentralization, and MINUSCAs support to that end, with some urging inclusive dialogue among all stakeholders, including armed groups, to ensure a propitious environment for the holding of the local elections.

The representative of Mozambique, also speaking for Gabon and Ghana, encouraged Central African Republic authorities to continue strengthening the Armed Forces operational capabilities and to that end welcomed MINUSCAs training and capacity-building initiatives for defence and security forces.

Japans representative, noting the Special Representatives ground-level engagement, said her decentralization efforts in supporting local mechanisms to revitalize conflict prevention, mediation and the return of armed groups to the peace process will help expand State authority in remote areas.

Several speakers, including the representative of Albania, voiced concern, however, about threats to State authority. The representative of the United States pointed to the well-documented Kremlin-backed Wagner Group forces engagement in the illicit extraction of the Central African Republics mineral wealth without contributing to the countrys development.

The representative of the Russian Federation, on the contrary, highlighted the trust of African States and her countrys good relations with the broad strata of the continents population. Noting that some Western States go to African countries asking for cessation of their cooperation with Russia, she stressed that such actions show the effectiveness of Moscows work.

Looking ahead to the Councils consideration in November of the extension of the Missions mandate, the delegate of the United Kingdom said MINUSCAs role in providing its good offices and supporting the peace process continues to be crucial. He urged the Council to renew MINUSCAs mandate with the provisions necessary to allow the Mission to further increase its effectiveness.

Angolas delegate, meanwhile, welcomed the political processes that have allowed for the restoration of State authority in more than 85percent of the territory, calling for a communication plan that supports the entire process and mobilizes all levels of society for greater ownership and support of peace process dynamics.

Also addressing the Council was Sylvie Valrie Bapo-Temon, Minister for Foreign Affairs of the Central African Republic, who noted that the political and security situation in her country has significantly improved. Also noting the improved coordination with MINUSCA, she spotlighted the extension of State authority throughout almost the entire territory of the country.

She noted however, that the Missions current mandate must be adjusted to the reality in the Central African Republic to prepare for a potential withdrawal of MINUSCA.Pointing to the disconnect between the reports produced in this ivory tower and the situation on the ground, she said the situation in the Central African Republic is not complex but has been made such by geopolitical strategies, encouraging Member States to take time to understand the countrys history and the root causes of the crisis.

THE SITUATION IN THE CENTRAL AFRICAN REPUBLIC (S/2023/769)

Briefing

VALENTINE RUGWABIZA, Special Representative of the Secretary-General and Head of the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic(MINUSCA), presenting the Secretary-Generals report on the Central African Republic (documentS/2023/769), noted the Governments progress in advancing the peace process. Despite focusing on preparations for the 31July referendum, the Government, with MINUSCAs support, continued its efforts to decentralize the political and peace process, she said, noting her visits with the Prime Minister, other Government members and development partners, to certain prefectures in the north-east and west of the country, the thrust of major stabilization efforts. The Mission continues to support such initiatives to assist the Governments efforts to extend State presence throughout the country, she said, calling for enhanced support from international financial partners and development actors to consolidate hard-won security gains, through investments or stabilization programmes aimed to provide basic services, or through socioeconomic lasting subsistence measures for the population.

The seventh Republic of the Central African Republic and its new Constitution, enacted on 30August, marks a new step for the country, she said. On 23 October, the second strategic review of the peace process was convened in Bangui with the guarantors and facilitators of the Political Agreement for Peace and Reconciliation in the Central African Republic and the Luanda Joint Road Map for Peace, as well as the foreign ministers of Angola and Rwanda. The meeting highlighted the disbandment of nine signatory armed groups that signed the Political Agreement, as well as the progress regarding disarmament, demobilization and reintegration; security sector reform; the now adopted national border area management policy; and the restoration of State authority. It is essential to build on this momentum to strengthen trust between all stakeholders in the political peace process, through tangible actions and initiatives, she underscored. The countrys authorities must commit to efforts to preserve democratic space and resume dialogue with the opposition, to promote inclusive and credible local elections, scheduled for October2024, she added.

Detailing the volatile security situation in certain regions outside Bangui, notably in border areas, she described MINUSCAs efforts to reinforce its area of operations, better protect civilians and deter further threats by armed groups, as well the Missions work with the Central African defence forces. The cross-border cooperation agreement, signed between the Central African Republic and South Sudan on 1September, should help to strengthen the development of coordinated responses to cross-border threats, she said. Welcoming the Governments efforts to step up its response to human rights violations and impunity, she pointed to the adoption of the National Human Rights Policy in August and encouraged the Government to do more to support the national justice system. Pointing to persistent socioeconomic challenges, aggravated by an increase in humanitarian needs due to the influx of refugees from Chad and Sudan, she welcomed the Government's policy of welcoming Central African refugees and returnees and thanked donors for their generous support.

Further detailing the Missions work, she noted the critical gaps in its air, ground and supply chain capacity, and challenges to its mobility, encouraging all stakeholders to support the improvement of mobility in the country. The implementation of the political and peace agreement remains the only viable and ideal solution for the return to peace and sustainable development in the Central African Republic, she stressed, urging renewed attention to an inclusive dialogue with the political opposition and armed groups. MINUSCA will continue to provide all necessary support to establish an environment that will help advance the peace process, she said, calling for continued joint efforts to minimize the real risks of regression, particularly in view of the municipal elections scheduled for2024 and2025. She stressed: The presence of the Mission, with its current full and complete capacity, will remain vital to restoring lasting and sustainable peace to support the people and the Government of the Central African Republic.

Statements

NICOLAS DE RIVIRE (France) welcomed authorities commitment to the peace process and its decentralization.It is essential for the entire Central African population to take ownership of this process. He recognized progress in combating armed groups. He encouraged authorities ongoing efforts to combat impunity and for transitional justice, and their work to strengthen the rule of law and the judicial system, and welcomed bolstered cooperation between the authorities and MINUSCA. The situation remains fragile, he said, adding that armed groups continue to threaten civilian populations, Central African forces and MINUSCA. He is concerned about the growing threat posed by explosive devices in several regions and human rights violations, in particular by armed groups and Wagner members. He condemned armed groups use of sexual violence and called for strengthening the humanitarian response. He urged authorities to guarantee free local elections, planned for October2024.His country will soon propose to the Council a renewal of MINUSCAs mandate for one year, as recommended by the Secretary-General.

PEDRO COMISSRIO AFONSO (Mozambique), also speaking for Gabon and Ghana, noted the 30July constitutional referendum and welcomed the first local elections in over 20years, with their first round scheduled for October2024, while encouraging international partners to support the Central African Republic in organizing them. In addition, he highlighted the third strategic review of the political process of mutualization of the Luanda Joint Road Map and the Political Agreement for Peace and Reconciliation held on 23October in Bangui, also welcoming the efforts to increase womens representation on local and reconciliation committees. Furthermore, he welcomed the activism of the that countrys President in strengthening subregional cooperation and improving the security of the Central African Republics borders. Condemning the repeated attacks against MUNUSCA and the Armed Forces of the Central African Republic, he pointed to the countrys internal security challenges, including cross-border insecurity, illicit trafficking in natural resources and small arms and light weapons.

Highlighting the crisis in Sudan, he said that the movement of Sudanese refugees is accompanied by an uncontrolled flow of weapons. He welcomed the dissolution of several armed groups that are signatories to the Political Agreement for Peace and Reconciliation and encouraged Central African Republic authorities to continue strengthening the operational capabilities of the countrys Armed Forces. To that end, he welcomed MINUSCAs training and capacity-building initiatives for defence and security forces. Further, he commended the adoption of the countrys National Human Rights Policy in August, while noting that the influx of refugees from the Sudan, the upsurge in violence against civilians by armed groups and the effects of climate change exacerbate community tensions. He, thus, called for humanitarian response funding in all countries in the region impacted by the Sudan crisis.

ROBERT A. WOOD (United States) said his delegation mourns the recent deaths and injury of peacekeepers and stressed the importance of properly equipping MINUSCA to manoeuvre in its environment and fully implement its mandate. The countrys partners have a critical role to play in supporting the local elections, which should be conducted in a transparent, timely and inclusive manner.He stressed the importance of the full, meaningful and equal participation of women and youth at all levels of political dialogue and throughout the elections process. He echoed the Secretary-Generals call on the Government to resume dialogue with the political opposition and armed groups within the framework of the peace process and on the opposition to engage constructively. Noting that not all the countrys partners are invested in promoting a lasting peace, he pointed to the well-documented Kremlin-backed Wagner Group forces engagement in the illicit extraction of the Central African Republics mineral wealth without contributing to the countrys development.

VANESSA FRAZIER (Malta) noted the challenging humanitarian situation, dire socioeconomic crisis and an influx of returnees and refugees from Sudan and Chad, making the risks of a further destabilizing effect become real. She welcomed authorities acknowledging the refugee status of Sudanese entering the country. She noted the promulgation of a new Constitution, and the tense political climate that marked the referendum process. Following these, she encouraged a refocus on the peace process, including addressing grievances, encompassing political and socioeconomic exclusion, the limited State investment in essential services and the rule of law.She commended progress in increasing womens participation in peace and reconciliation committees. She was concerned that the armed group Return, Reclamation, Rehabilitation stands out as the primary perpetrator of conflict-related sexual violence and abductions, and that Union for Peace is predominantly responsible for summary executions, killings and abductions. The Political Agreement for Peace and Reconciliation remains central to an enduring stabilization, she said, and called for dialogue to lead to local elections.

ANNA M. EVSTIGNEEVA (Russian Federation) welcomed the Central African Republics constitutional referendum in July, also noting that currently the Government forces control more than 85percent of the countrys territory. Spotlighting the contribution of the Russian Federations instructors to that end, she noted that some Western States go to African countries asking for cessation of their cooperation with Russia. Stressing that such actions show the effectiveness of Moscows work, she highlighted the trust of African countries and her countrys good relations with the broad strata of the population. She welcomed Banguis efforts to strengthen interaction with regional countries, calling for earmarked funding and expert assistance to that end.Noting the countrys steps towards the political process, she reported that 9out of 14signatory groups to the Political Agreement for Peace and Reconciliation have disbanded themselves. She also spotlighted the unique operation supported by MINUSCA to repatriate 127former fighters to Uganda and welcomed the efforts of Central African Republic authorities to strengthen administrative structures and prepare for local elections.

JAMES KARIUKI (United Kingdom) said the countrys authorities must urgently de-conflict their security partners, ensure they abide by international law and end impunity for human rights violations they commit. Wagner Groups systematic human rights abuses and spread of mis- and disinformation are not the solution to the multifaced challenges in [the Central African Republic] and only serve to strengthen the narrative of armed groups, he stressed. All parties in the country must recommit to the Political Agreement for Peace and Reconciliation, to ensure a long-term solution to the conflict. He called on the Government to redouble its efforts to facilitate inclusive dialogue and implement the joint road map with all political actors and armed groups. MINUSCAs role in providing its good offices and supporting the peace process continues to be crucial. With the support of MINUSCA, the countrys authorities must ensure its commitment to local elections in2024, he stressed, urging the Council to renew MINUSCAs mandate with the provisions necessary to allow the Mission to further increase its effectiveness.

ALBANA DAUTLLARI(Albania) noted the pledge to seek political solutions through implementing the Political Agreement for Peace and Reconciliation, with an emphasis on peace process decentralization. Relaunching the 2024local elections is an important starting point. But, she said, considering the deep divisions resulting from the July referendum, efforts to revise the electoral code to align it with the new constitutional provisions must encompass tangible confidence-building measures to increase trust and transparency in the process.She welcomed improved cooperation between MINUSCA and national authorities, and was deeply concerned over explosive ordnance threats on humanitarian actors and peacekeepers.Citizens deserve institutions guaranteeing respect for human rights, the application of the rule of law and civil societys meaningful participation, she said. This would be the best means to restore State authority. She warned against the appeal of easy and fast promises coming from mercenary groups, like Wagner. They are motivated by financial gains and have little incentive to support political resolutions.

MAHA YAQOOT JUMA YAQOOT HARQOOS (United Arab Emirates) recalled that, between2021 and2023, conflict-related sexual violence cases have more than doubled in the Central African Republic since the last reporting period, while the number of violations against children has more than tripled. Recognizing MINUSCAs role in protecting civilians and its cooperation with Bangui to address security threats, she pointed out that dialogue remains key to promoting reconciliation at the local level. She said that special attention should be paid to the impact of hate speech and incitement to violence in the view of forthcoming elections in2024. Also stressing the importance of regional support, she said that the engagement of Banguis Government with neighbouring States to address security concerns is an important step to that end. She further emphasized the importance of ensuring humanitarian assistance, acknowledging MINUSCAs efforts in facilitating humanitarian deliveries.

SHINO MITSUKO (Japan) said full implementation of the Political Agreement for Peace and Reconciliation remains the highest priority to return to a path towards sustainable peace and development. Noting the continued efforts of the Government to engage with armed groups in the disarmament, demobilization, reintegration and repatriation process, she said this process is time-consuming and requires trust-building among various stakeholders, as well as local support. She welcomed the Special Representatives decentralization efforts in supporting local mechanisms to revitalize conflict prevention, mediation and the return of armed groups to the peace process, adding that such ground-level engagement will help expand State authority in remote areas. State presence and the rule of law on both sides of the countrys borders are a prerequisite to overcome the challenges caused by the porous borders. Voicing concern about instability in the border areas caused by the influx of refugees, she said Japan continues to provide food assistance in partnership with the World Food Programme(WFP)

HERNN PREZ LOOSE (Ecuador) said his country considers that control of the territory is essential for strengthening the rule of law, institutions and security. MINUSCA makes it easier for State forces to reach the most remote places and avoid armed groups increased activities. The five-year plan for the implementation of the National Border Policy provides a solution for those facilitating organized crime and threatening income from natural resources. He noted the participation of women in the peace process as an end in itself. Municipal and regional elections contribute to the decentralization necessary to promote the presence of the State. He called for the mobilization of funds to fulfil the election timetable, and coordination between the Government and MINUSCA to provide security to the process.He was concerned by the large and increasing need for humanitarian assistance.

ADRIAN DOMINIK HAURI (Switzerland) said that, more than four years after the signature of the Political Agreement for Peace and Reconciliation, the implementation of it remains a challenge. He expressed hope that the strategic review of the political process, held on 23October, will provide fresh momentum to that end. He also welcomed the Governments initiative to deploy the administrative and security authorities outside of Bangui. Pointing to the fragile humanitarian situation, he said that attacks by armed groups and violence in Sudan and Chad have affected the Central African Republic, causing an influx of 50,000refugees and returnees from the neighbouring countries. He welcomed the adoption of the National Human Rights Policy, stressing the need to maintain a democratic dialogue between the authorities, the opposition and civil society. He also said that his country will second two judges to the Special Criminal Court, while urging Bangui to operationalize the Truth, Justice, Reparation and Reconciliation Commission.

DAI BING (China), noting the Central African Republics completed referendum and adoption of its Constitution, said the international community should respect the countrys sovereignty and support a development path in line with its development conditions. Pointing to continuing clashes with and attacks by anti-Government armed groups and local militias, he said the international community should support Bangui in its efforts to maintain security and protect civilians.MINUSCA should provide more support for security sector reform, capacity-building of armed forces and the extension of State authority, he added. He voiced hope that the Council will push MINUSCA to adjust and optimize its mandate in light of the Governments needs, focus on key tasks and make a greater contribution to the maintenance of peace and stability in the country. Noting the challenging security situation in the countrys border areas with Sudan and Chad, he voiced support for Banguis work with neighbouring countries to strengthen border control and combat cross-border crime.

SRGIO FRANA DANESE (Brazil), Council President for October, speaking in his national capacity, said that, despite the challenging political and security situation, MINUSCA has advanced the carrying out of its mandate, especially in supporting the Government in creating the conditions needed for the Political Agreement for Peace and Reconciliation. He was encouraged by the Governments efforts at decentralization of the process. He added that the success of the Political Agreement depends on how the people most affected by the conflict are engaged. He congratulated those behind initiatives to guarantee womens involvement in the political process. He expressed concern at continued instability in parts of the country and distress over increased human rights violations, including those of a sexual nature and grave violations against children. Such violations must be halted, he said. The situation in the country requires continued attention due to the high need for humanitarian assistance, he added.

SYLVIE BAPO-TEMON, Minister for Foreign Affairs of the Central African Republic, noted that the political and security situation in her country has significantly improved.Recalling the bloody crisis by the Slka in2013 and the Coalition of Patriots for Change rebel group that brought hell back to the people already devastated, she said that her country is rising from these ashes. Noting that coordination with MINUSCA has improved, she also spotlighted the contribution of other regional organizations. Expressing her appreciation to France, she said that the turbulence that the countries have experienced must not let them lose sight of the Operation Sangaris that stopped the bloodshed caused by the Slka. She also spotlighted the extension of State authority throughout almost the entire territory of the country, obtained by security efforts as part of the disarmament, demobilization and reintegration programme, and pointed to the launch of a local governance programme financed by the World Bank.

Spotlighting the progress of the third strategic review meeting of the political process, she said she was surprised by reports citing violations of the status-of-forces agreement, noting that her Government has only recorded four such violations mentioned by MINUSCA. She said that the Missions current mandate needs to be adjusted to the reality in the Central African Republic. Stressing that the status-of-forces agreement has now become an obstacle to the countrys recovery efforts, she added: Now and not tomorrow we need a road map seeking to readjust the mandate to prepare for a potential withdrawal of MINUSCA. She also said that the abuse and violations of this agreement by the UN have become intolerable, causing a loss of more than 150billion CFA francs, observing that it is a hindrance for the countrys stabilization and recovery efforts. Accordingly, she called on the Organization to review MINUSCAs mandate and the agreement that links her Government and the Mission.

Also noting that hate speech and calls for armed destabilization are coming from neighbouring, friendly countries, she urged those States to ensure that there is no shred of complicity. Turning to the report of one non-governmental organization whose name she refrained from mentioning that published an article on sexual violations on 25October, she said that it is demotivating the countrys technical and financial partners. It seems that anybody can decide what they want to do for humanitarian reasons; they can do whatever they want in the [Central African Republic]. Noting that such non-governmental organizations are themselves the perpetrators of human rights violations, complicit with the crisis, she pointed out that these entities have often been stopped for possession of arms and providing those to rebel groups. To this end, she urged the Council to be consistent regarding a resolution on the renewal of the arms embargo.

Stressing the disconnect between the reports produced in this ivory tower and the situation on the ground, she said that all this seems to be responding to a different timeframe. She stated that it depends on us [the Central African Republic], on our timetable and not on what anybody wants to impose, warning that the forthcoming local elections should not serve as a pretext for maintaining the country in a state of precarity. Noting that the situation in Bangui is not complex, but has been made such by geopolitical strategies, she encouraged Member States to take time to understand the countrys history and the root causes of the crisis.

MATEUS PEDRO LUEMBA (Angola) noted that the political and security landscape has positively evolved, despite persisting security challenges. He congratulated the Central African Republic for its ownership of the review of the political process following the Luanda Road Map adopted in2021 and the third meeting of the Strategic Committee for the Supervision of the Political Process for Peace in2023. He stressed the importance of maintaining this strategic review on a quarterly basis at the political, strategic and technical levels to align resources and appropriate support according to an agreed timetable. It is essential to ensure that the decentralization of the peace process is supported by a communication plan that supports the entire process and mobilizes all levels of society for greater ownership and support of peace process dynamics. His country welcomed efforts regarding the dissolution of armed groups and the political processes that have allowed for the restoration of State authority in more than 85percent of the territory.

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Inclusive Dialogue, Implementation of Political Accord Only Viable ... - United Nations