Symbol is a great option to help maximise the potential of DeFi and to achieve the ambition of helping to make financial systems accessible to all quickly, efficiently and cost effectively. Find out why.
Card skimming crimes are on the rise, with each skimmer accounting for up to $1million dollars worth of fraud, and according to the U.S. Secret Service, thefts from ATM skimmers now total more than $1 billion per year. Symbol’s cohesive IoT-tied solutions resolve card-skimming problems of gas/petrol stations and Automated Teller Machines (ATM) users around the globe.
Scrutiny of election processes and the extent to which they are manipulated has increased dramatically since the Cambridge Analytica scandal, to the point now where citizens no longer believe in a fair and honest electoral process. Using blockchain technology to facilitate transparent and trustworthy elections could encourage more participation and belief amongst citizens, so why are governments so slow to adopt it?
Trust in governments and businesses was already strained heading into 2020, but the global pandemic has ripped trust in two different directions. The pandemic shows that trusting others with information and media control can protect us, but information control can also be used against us. As targeted social media and fake video technology further erodes trust, blockchain technology is becoming a promising tool to help replace it. Symbol blockchain is an especially practical and efficient way to ensure that any file or data is authentic and hasn’t been tampered with. It has potential uses in online IDs, source verification, and all kinds of information media.