Walmart’s Chief Technology Officer recently announced the company’s intentions to include crypto transactions in its digital strategy moving forward, adding that crypto will become “an important part of how customers transact” in the future. The retail giant touted the system’s potential for new revenue streams and praised its ability to allow brands to expand beyond their core customer base. Walmart has already begun implementing blockchain technology to track the origins of produce and products, and is exploring its use with logistics between suppliers and carriers. Click here to read more of what’s in the works.
Web 3.0 reveals its power and utility through decentralization and proof of digital ownership of any property. Web 3.0 juxtaposes against the current tech giants such as Facebook, Google, Twitter and YouTube, who both massively monetize private information and can “cancel” voices at any time. In this segment, conference speaker Darren Chiu explains how Web 3.0 platforms are decentralized and confirm digital ownership—with the individual—of virtually any asset. The secret to Web 3.0 is that the platforms are established and held up by the community themselves. They amplify the “trustless” revolution that blockchain is ushering in, where trust is forged precisely because the code allows you to not have a person or entity over it who has to be trusted.
Combining the Best of the Old with the New
A group of nuns from the order of the Benedictines of Mary are using bitcoin funds to construct a new church in Kansas City, Missouri. While they follow strict church tradition and live a simple, self-sufficient lifestyle from farming onsite, these nuns have successfully adopted the new technology to finance their building project. They’ve done it all without taking on debt, while creating a stately monument designed to last for the ages.
Journeys in Faith with Anne DeSantis with guest Matt Pinto Founder of Ascension Press and the Genesis Group. Matt discusses the upcoming Catholic Crypto Conference happening in November 2022. Learn more here.
There is a dearth of association among individuals that can be directly linked to our ever-increasing centralized society. In this preview of his Catholic/Crypto Conference presentation, the Acton Institute’s Michael Mathison Miller cites Alexis de Tocqueville to explain man’s natural rite of association. According to Michael, associations more than mere gatherings; they are functional, autonomous, problem-solving, mutual aid societies. In the face of increasing commercial and governmental centralization, he says we need social decentralization and a multiplicity of private, functional, and autonomous associations that enable people to flourish and work together to solve problems. Michael also says that if used for good, new technologies like blockchain or decentralized ledger technology will bolster communities and eliminate the breakdown of society. “If the state wants to increase individualism [read: isolation] and it’s in cahoots with large tech companies, it limits the social power of subsidiarity.”
We’ve heard of blockchain, but what exactly is it and how does it work? Don Tapscott unpacks the nuts and bolts of blockchain’s inner workings in conversational terms that make it easy to understand. With relatable comparisons and real life examples that are happening today, Don shows how blockchain technology is not only relevant to our personal lives, but revolutionary in reimagining government, business, and society.
Human beings have an unimaginable destiny. In this short segment, Dr. Kelly Anderson explains how we are destined to be “god-like,” sharing in God’s very divine nature and ruling over the cosmos with him in eternity. This is not some New Age concept but historic Christian teaching.
And it is utterly amazing when we think about it! Just as God is bringing about a divine restoration from our broken relationship with him, Sunday sabbath rest is intended to be restorative. In this preview to her conference talk, “Sabbath Rest as a Key to Human Flourishing,” Dr. Anderson explains that God calls us to a weekly sabbath—a break from life’s toils to free us from self-imposed slavery. This call to sabbath requires trust in God and his grace, which he gives freely.
John and Matt discuss Matt’s journey from the founding of Ascension Press to the establishment of The Genesis Group, a Catholic venture capital/incubator entity. The program focuses on the forthcoming Catholic/Crypto Conference 2022, and how and why Catholics need to be aware of the technological changes upon us with the advent of blockchain and cryptocurrency technologies.
The founders of the Catholic crypto initiative, Crescite, Karl and Eddie explain that technology’s purpose is to help us solve problems and that these new technologies offer unique accountability and transparency, two blessings for the Church and humanity. They explain that a decentralized internet “puts control back in the hands of the individual” and offers greater ability for peer-to-peer interactions and a Cura personalis (care for the entire person). Perhaps most important is their assurance to be not afraid, “[We should] immerse ourselves in this new technology and help shape it.” Karl and Eddie will lead a few talks and conversations at the Catholic/Crypto Conference 2022.
The explosive growth of cryptocurrency on a global scale could offer many new possibilities for the Church. Because of its immense potential, it’s worth taking a closer look at how these digital currencies might be used to potentially fund God’s work and expand the Church’s outreach. Cryptocurrencies carry other nontraditional benefits as well, such as lower fees and a connection to a broader demographic.