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RWA

June 6, 2024

The development and tokenisation of Real-World Assets (RWA)

It was a gorgeous event held by KodeLab inside a luxury property that Kodelab successfully tokenised 1:1 within London's One Blackfriars building, was dedicated to advancing digital currency and asset innovation, particularly around the development and tokenisation of real-world assets (RWA).

It is a great pleasure to have Helen Disney, PR and events lead of Digital Pound Foundation, Dr. Lisa Cameron, House of Commons MP, and Lottfi Zaouini , CEO of KodeLab for their valuable presence and active engagement during the networking session.

The event commenced with opening remarks by Dhivyan Kandiah, Director of Kodelab.io, followed by insightful speeches from distinguished leaders, Elise Soucie, Director of Global Digital Finance, shedding light on the regulatory landscape amidst the upcoming elections. Victoria Thompson, Founder of Orora, also delivered inspiring remarks, emphasizing that technology should not only genuinely improving lives, but also making actual impacts. 

Kodelab being member of Digital Pound Foundation marks a significant milestone in the advancement of tokenisation of RWA. By leveraging our combined technological expertise and regulatory insight, we aim to establish a resilient, inclusive, and efficient framework for tokenisation.

RWA

May 22, 2024

KodeLab awarded XRPL Wave 7 award to Advance Financial Inclusion

It has been a great honour to win the Wave 7 Award among 132 submissions from across the world. KodeLab recognises the value of XRPL for its commitment to developing the cutting-edge technology. Meanwhile, significant synergy potential can be found among all the awardees. Congratulations to the other six recipients: Bitbob, Breezepay, Moai Finance, Propto, Tender Merchant, and VWBL!

KodeLab HELOC project will enable connections between lenders and real-estate alongside providing stable coins to ensure instant access to flexible liquidity and credit, secured against real estate or other illiquid assets via a private or public blockchain. In comparison with typical fixed-term loans, KodeLab HELOC seeks to give users more flexible credit options and improve accessibility to revolving credit. KodeLab’s goal is to promote meaningful and sustainable blockchain innovation and boost financial inclusion.

The XRPL Grants program supports projects that promise to enhance innovation and bring utility to XRP Leger, a decentralized, layer 1 blockchain. For over 10 years, the XRPL has been trusted by developers and businesses to provide secure and efficient transactions.

The XRP Ledger (XRPL) is a decentralised layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchange crypto-native and real-world assets. Designed to support businesses and builder, it is powered by XRP, a cryptocurrency purpose-built for payment. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It’s more than just a blockchain- it’s a global developer community dedicated to transforming future business solutions. Learn more and build your business with confidence at XRPL.org.

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AI

April 22, 2024

Token 2049
Dubai

KodeLab's participation in Token 2049 Dubai was constructive. The conference provided a platform for exploration and discussion within the blockchain technology sphere, unveiling potential opportunities for future endeavours and proving the success of KodeLab for the development so far.

Key highlights from the event include:

Pavel Durov, CEO of Telegram, shared insights into the decentralized social platform and his vision for an open network. KodeLab aims to leverage blockchain advantages to enhance decentralised messaging platforms, alongside the development of a Kode Rank algorithm - based on Google Page Rank - within the social consensus network.

Paolo Ardoino, CEO of Tether, discussed practical DeFi solutions and stablecoins. KodeLab is pioneering the exploration of Real-World Asset (RWA) integration onto the blockchain, particularly focusing on real estate, aiming to position as a leader in this domain.

Founders and CEOs from various AI chains emphasized the importance of decentralized intelligence. KodeLab is actively engaged in AI product development, with projects such as Lumina for learning support, and Pickey for AI-powered HR employee recruitment and review platform.

Additionally, more insights were shared by industry leaders like Richard Teng (Binance CEO) on the legal landscape and Sergey Nazarov (Co-Founder of Chainlink) on asset tokenisation which supports KodeLab’s RWA tokenisation strategy. KodeLab is the first company in the world to offer a comprehensive, end-to-end tokenization solution for real-estate ownership.

The perspectives gained from Token 2049 underscore KodeLab's strategic positioning at the forefront of technological innovation within blockchain solutions with Kode Rank and decentralised messaging platform to RWA tokenisation including AI innovation.

RWA

February 26, 2024

DECENTRALISED REAL ESTATE LENDING

The CBRC Score of 82 has been awarded: ” Real estate equity release is a complex task today, and this solution would make it significantly more accessible for people to be able to: 
1) Access the equity from their property (most people cannot do that now) 
2) Access a “fraction of the equity” 
3) Do it at speed 
4) Do it at low cost 
5) Use a Digital Currency as the output to invest quickly and safely elsewhere.

Once the property is tokenized, this needs confirming to the bank who will release the Digital currency against the equity. The details then need to be updated with all interested parties and regulators.

Using Blockchain Technology for these tasks will help ensure “one view of the truth”, speed up the equity release process and provide an immutable record of the steps in the process

With the Kodelab HELOC (Home equity line of credit) solution, End-users can drawdown and repay any amount of CBDC/stablecoin up to a certain LTV (Loan To Value), at their discretion, simplifying and making more accessible the ‘revolving credit facility’, over the standard fixed-term loan. Credit-created funds can hugely increase the liquidity within any payments ecosystem.

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RWA

November 30, 2023

KodeLab - speaker at CAMBRIDGE
SUPTECH LAB

SupTech Week 2023 was the inaugural annual gathering of global suptech experts advancing the future of financial supervision. Prominent guest speakers from 30 financial authorities across 27 countries - plus luminaries from universities, industry associations, foundations, multilateral organisations and suptech vendors - came together to share ideas, research, solutions and insights on the digital transformation of financial supervision, driving collaboration across the ecosystem.

The four-day event explored topics top of mind for financial authorities, including the supervisory pain points that suptech is best placed to support; the emerging technologies that are powering the modernization of financial supervision; and the role that international collaboration can play to allow solutions to scale. Speakers also took deep dives into data science and artificial intelligence, private and public sector opportunities for connection, and factors beyond technology that are required to advance financial supervision capabilities.

RWA

October 20, 2023

KodeLab is going to HongKong FinTech

Hong Kong FinTech Week stands as one of Asia's premier and most influential fintech gatherings, with an anticipated attendance of over 30,000 participants. This event serves as a convergence point for eminent industry leaders, regulatory authorities, investors, and visionary entrepreneurs hailing from across the globe. Here, they engage in in-depth discussions on the latest trends and pioneering innovations in the realm of financial technology.

This event is set up by the the Financial Services and the Treasury Bureau and InvestHK, in collaboration with the Hong Kong Monetary Authority, Insurance Authority, and Securities and Futures Commission. It boasts a diverse array of activities, including exhibitions, illuminating keynote speeches, thought-provoking panel discussions, hands-on workshops, networking opportunities, and business matchmaking sessions.

These elements collectively form an unparalleled platform for attendees to foster connections, exchange insights, and explore fresh business prospects.

Hong Kong FinTech Week is a must-attend event for anyone interested in the future of finance and technology. It's all about the latest tech trends changing the financial industry.

Come join us at @HongKongFintech and delve into the world of HELOC: Decentralised Real Estate Lending & Borrowing innovation. The Kodelab team is actively seeking collaborations and like-minded business partners to embark on this journey together. We can't wait to meet you at @HongKongFintech!

RWA

October 12, 2023

Alternative viewpoints: Thoughts on CBDC Lending

The Deposit Problem, Faith and Lending Impacts

In 2012, the Isle of Man Treasury issued a crown coin featuring the portrait of Juno Moneta, a Roman goddess, next to whose temple, the Roman silver mint was constructed and produced coins stamped with her image from 273 BC onwards¹. The role of temples in storing wealth across Rome and the perceived guardianship by Moneta remind of the element of faith underpinning fiat currencies, which modern central banks must maintain, as well as the institutional arrangements for currency issuance and payment systems operations.

In the context of cryptocurrencies and CBDCs — such concerns have occupied much of the commentary. One of the core challenges for central bankers has been how to address the perceptions of faith which they consider introduced CBDCs will have and the effect on other banking instruments.

Put shortly, academics have directed much of their focus to the “Deposit Problem” — that perceptions of stability and the risk-free nature of arrangements underpinning CBDCs mean citizens will switch some of their holdings from current fiat-currency accounts with existing banks into accounts denominated in CBDC. A potentially significant reduction of deposits held by commercial banks would lead to reductions in the amount of lending (as the bank’s capital reserves shall also be reduced) and/or increased costs of capital and lending, unless banks took on additional wholesale funding or other measures.

The Deposit Problem (with its impacts on financial stability and lending activity) along with privacy concerns, have proved key sticking points for the analysis of CBDCs.

Two tier CBDC model and the importance of RTGS

Other proposed models of introducing CBDCs and digital currency generally, suggest ways around the Deposit Problem.

It is worth introducing a distinction between two types of CBDC depending on use/distribution — retail CBDC (which is issued to consumers as a payment instrument) and wholesale CBDC (which is issued to financial institutions as a settlement instrument). While under both types the CBDC issuance generates a liability of the Central Bank, there are big differences in the distributional effects between the two models (including, as mentioned above, the Deposit Problem for retail CBDCs). In contrast to retail CBDCs, the distributional effects of introducing wholesale CBDCs are often considered to be relatively minimal (since they involve switching balances from reserves)².

Models of CBDC issuance which incorporate elements of both retail and wholesale distribution (and different roles for the banking sector), called ”two tier models” have been considered by researchers, including the Bank of International Settlements (BIS). In a study with the Hong Kong Monetary Authority in 2022 (Project Aurum)³, the BIS considered four models of implementing CBDCs into the Hong Kong banking system (the first three were developed by Auer and Böhme⁴)

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AI

June 3, 2023

Unleashing the Power of AI : Avatar Transform Mankind

The word "Avatar" comes from the Sanskrit "Avatāra", which in Hinduism refers to the incarnation of a deity on earth. In the film "Avatar", humans use technology to create "Avatars", i.e., shells of alien life forms, allowing human consciousness to "descend" into these shells for communication and exploration. Hence, ATM chose the name Avatar because this project essentially allows users to create a new digital life and "descend" their consciousness, or any consciousness they wish to create, into this new digital life, letting it assist or even replace them in communicating and exploring the new AGI world. An avatar is an extension and enhancement of a user's consciousness. It can become who the user wants to be, more efficient, energetic, and intelligent than the user's brain, yet ultimately capable of integrating perfectly with the user's brain. It's akin to our brains having a left and right hemisphere, which, without the interconnecting corpus callosum, could host two separate consciousnesses. Through constant information synchronisation with the Avatar, we can consider it our second brain, or even part of our brain. Our brains are composed of countless neurons and their connections, without a defined core or boundary. Therefore, seeing the Avatar as an extension, a part of the brain, will be a very natural concept in the new AGI world.

Avatars can also have human faces and voices. In the early versions, users only need to upload a picture to generate their digital human image and a piece of voice data to teach the Avatar their voice. In subsequent versions, we will continuously upgrade, collecting more of the user's appearance, expression, and voice data, making the Avatar's representation increasingly human-like. Given the current pace of AGI development, the possibility of upgrading the Avatar to the physical body level depicted in the film "Avatar" within a few years is not unimaginable. The Avatar itself will also interact with the user's social network and strangers, and the content of these interactions will serve as data support for the Avatar's learning and evolution, regularly reported and feedback to the user. This mutual influence is not only the user changing the Avatar but also the Avatar influencing the user. It is a new kind of sublimation, a sublimation where the user and the Avatar evolve together.

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