A blockchain platform meant to combat authoritarianism has been launched by the Asia Pacific Conservative Union.
Two executives from the Asia Pacific Conservative Union (APCU) have launched the Liberty Ecosystem, a blockchain-based community designed to combat authoritarianism, a press launch shared with Cointelegraph reveals on March 2.
The co-founders of the venture are APCU chairman, Jikido “Jay” Aeba, and CEO and co-founder of the group, Yasu Kikuta. The press launch describes the initiative as a “decentralized federation of native advocacy and financial growth organizations searching for to fight the rise of authoritarianism within the Asia-Pacific area and around the globe.”
Per the announcement, regimes like China spend money on international infrastructure initiatives in a bid to say management over the political sovereignty of different international locations. Such use of financial energy to exert political management has reportedly began to consequence within the exportation of the authoritarian authorities mannequin to different international locations comparable to Sri Lanka, Indonesia and Japan.
The press launch explains that the blockchain-powered venture entails using so-called “Liberty Tokens” to create a shared neighborhood and monetary infrastructure meant to empower native organizations combating authoritarianism. The intiiave has additionally partnered with token financial system ecosystem Wowoo.
As Cointelegraph reported in November final yr, whereas Thailand has been underneath the management of a navy dictatorship since May 2014 — with web censorship and a dismantled senate — the nation has proven it’s welcoming blockchain and crypto innovation on each the private and non-private scale.
It has been lengthy instructed that human rights activism is one among Bitcoin’s biggest use instances. Still, United States whistleblower Edward Snowden voiced considerations over Bitcoin’s long-term prospects in an interview in March final yr, saying the cryptocurrency’s public blockchain made it vulnerable to abuse.
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