Tag: technology

Blockchain: An Unlikely Advocate for Women

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by Tanvi Bajaj
Staff Writer

Blockchain has quickly risen in prominence as an impressively secure and technologically savvy way to record financial transactions. An immutable ledger of information, it was created in order to eliminate the third party source (aka the bank) that people are forced to rely on in order to transfer money. Premised on an agreement by a party of three or more people who record each transaction, blockchain is one of the safest ways to protect valuable financial information. After each “block” of transactions has been recorded, it is sealed by all members of the party using a hash function which not only keeps the information more secure, but also protects it from corruption and mishandling. 

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Pegging on The Petro: Venezuela’s Crypto-friendly Strategy to Save a Failing Economy

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With the rise of cryptocurrencies in the world market, many Latin American countries are now integrating the digital coins into their national economies. For Venezuelan President Nicolas Maduro, betting on crypto could be the last resort.

by Sebastian Preising
Staff Writer

What does a country do if they are suffering from hyperinflation, rampant government corruption, and are bordering on total economic collapse? Some states may choose to adopt another nation’s currency or elect anti-corruption politicians, others are starting to turn towards  unconventional solutions. In Venezuela, Bitcoin has already begun steadily replacing the hyper-inflated Bolivar as the nation’s primary transaction currency. In the last week alone, Venezuela reportedly traded over $350 billion Bolivars for Bitcoin, and continues to do so at an increasing rate. 

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AI: Changing the Tides of Water Sustainability

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By Tanvi Bajaj
Staff Writer

In 2015, Senator James Inhofe confidently stepped onto the Senate floor, carrying a snowball. He then explained how global warming (and, in effect, climate change) could simply not exist since it was cold enough outside for the snowball he was holding in his hand to form.  

While laughable, Senator Inhofe’s argument is indicative of the centuries of neglect the environment has suffered at human hands. 

Today, sea levels are rising, glaciers are melting, forests are burning, and animals are dying. 

It’s clear that something needs to change. 

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