Zone CEO and co-founder Obi Emetarom has unveiled a groundbreaking whitepaper proposing a transformative framework for the global financial sector through Regulated Blockchain Infrastructure.
Titled “Regulated Blockchain: Infrastructure for Regulated DeFi – Foundation for a Golden Age in Finance,” the whitepaper outlines how blockchain technology can enhance financial services while maintaining strict regulatory compliance and also addresses growing concerns over high transaction costs, regulatory challenges, and the persistent risk of fraud in traditional finance (TradFi).
According to the World Bank, global remittance fees averaged 6.2% in 2023, far exceeding the United Nations Sustainable Development Goal (SDG) target of 3%. Meanwhile, the decentralized finance (DeFi) sector continues to grapple with issues of trust and oversight, as crypto-related hacks and fraud accounted for over $1.8 billion in losses in 2023, according to data from Chainalysis.
Emetarom’s proposed Regulated Blockchain Infrastructure seeks to address challenges in financial systems by combining blockchain technology’s transparency and speed with essential regulatory oversight. This approach aims to create a secure and efficient financial future that empowers banks, fintech companies, and payment providers to conduct compliant and swift transactions. He argues for the modernization of financial systems, emphasizing that reliance on outdated models is no longer viable, envisioning a “Regulated Internet of Value,” where interconnected regulated blockchains enable secure, automated, and universally accessible financial services.
The whitepaper also highlights the rapid adoption of Central Bank Digital Currencies (CBDCs) as evidence of blockchain-based financial solutions gaining momentum. More than 130 countries are piloting CBDCs, reflecting a global push toward modernizing currency systems. However, not all central banks are moving forward at the same pace. A report by the Official Monetary and Financial Institutions Forum (OMFIF) and security tech firm Giesecke+Devrient Currency Technology revealed that nearly one-third of central banks have delayed their CBDC initiatives due to regulatory uncertainties and shifting economic priorities.
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