​​🎙 RSquad: News from the World of Blockchain 🎙 Banking transactions worth $200 billion, court decisions recorded in blocks, and a country that moves towards a metaverse — RSquad has prepared a selection of news from the world of blockchain.. 🌐Web3 nation🌐 The state of Tuvalu, located on an island in the Pacific Ocean, plans to use Web3 developments to preserve its culture.This announcement was made by its Foreign Minister at the recent SOR27 climate summit. 🌊This has to do with the fact that due to climate instability, the sea is gradually flooding the territory of the island. According to certain calculations, by the end of the century, Tuvalu will have completely disappeared under water. In order not to lose their culture together with the territory, the inhabitants of Tuvalu decided to become the first digitized nation by recreating their state in the metaverse. 🌇It is worth noting that such innovative megacities as Seoul are already working on creating their digital counterparts. And many countries are actively developing the direction of providing services in the metaverse. 💵New technologies for banks💵 🧮In less than a year, banking giants HSBC and Wells Fargo, processed transactions worth over $200 billion thanks to the CORE blockchain technology. 💱Since the end of December 2021, institutions have started to carry out transactions using a distributed registry using 4 currencies: the British pound, the US dollar, the euro and the Canadian dollar. It is expected that the yuan will join the list in the near future. According to media reports, the SWIFT interbank system is also aimed at digitalizing transactions, which has already successfully conducted transactions using the Quorum and Corda blockchain systems. ⚖️Blockchain-based court⚖️ The United Arab Emirates has introduced a new accounting system based on blockchain technologies into arbitration proceedings. This made the decisions which are taken available for enforcement in any corner of the planet. ADGM Courts, the developer of the technology, assures that the new approach helps to save time and money in the enforcement of decisions on commercial disputes, as they will be available to the parties concerned already at the time of issuance. 💯 Blockchain technology based on the principle of immutability guarantees the authenticity of solutions, eliminating the need to obtain certified copies. ---------------  🌐 RSquad is a blockchain lab that has implemented more than 75 projects in such networks as Bitcoin, Ethereum, Solana, TON, etc.  👉 Follow our official media to keep up to date with current developments: Facebook Instagram Linkedin Medium  VK Twitter #RSquad #RSquadteam #blockchainlab #blockchainlaboratory #blockchainexperts #itdevelopers #blockchaintrends #techsolutions #newsblockchain