smart contracts Archives - LN24 https://ln24international.com/tag/smart-contracts/ A 24 hour news channel Mon, 08 Sep 2025 07:55:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png smart contracts Archives - LN24 https://ln24international.com/tag/smart-contracts/ 32 32 BritCard: Inside Labour’s “Progressive” Digital ID https://ln24international.com/2025/09/08/britcard-inside-labours-progressive-digital-id/?utm_source=rss&utm_medium=rss&utm_campaign=britcard-inside-labours-progressive-digital-id https://ln24international.com/2025/09/08/britcard-inside-labours-progressive-digital-id/#respond Mon, 08 Sep 2025 07:10:41 +0000 https://ln24international.com/?p=27263 A proposed mandatory national digital ID, dubbed BritCard, is being floated by the Labour Together think tank, set to be issued free of charge to all individuals with the right to live or work in the UK. This digital ID, which takes the form of a smartphone app, is designed to simplify the process of verifying one’s identity, accessing essential services, and confirming employment status, all while eliminating the need for cumbersome paperwork. Advocates, including Nesta and The Guardian, are hailing BritCard as a powerful symbol of inclusivity and belonging, arguing that it will streamline bureaucracy, enhance border security, and even bolster Labour’s reputation on matters of British identity. Kairos, a biometrics firm, is also touting the benefits of BritCard, citing its potential to reduce fraud, accelerate compliance, and protect citizens, in line with the “efficiency” narrative often promoted by globalists. The digital ID is expected to feature a “Right to Work” credential, which could revolutionize the hiring process and help identify illegal workers. However, critics are sounding the alarm, warning that the universal and compulsory nature of BritCard will transform Britain into a “checkpoint society,” where citizens are required to produce their digital ID for even the most mundane aspects of daily life. Organizations such as Big Brother Watch and LSE Blogs are condemning BritCard as a mass surveillance tool, arguing that it presents a false choice between digital exclusion and total tracking. Exposés are revealing BritCard as a means of control, tracking, and a privacy nightmare, highlighting the risks of linking access to public services, including banking, travel, and healthcare, to a centralized government database. As the debate rages on, petitions on platforms like 38 Degrees and Change.org are gaining momentum, with thousands of people urging the government to reject BritCard, citing concerns over government overreach and the potential for digital slavery by the summer of 2025.

‘BritCard’, the UK government’s proposed mandatory digital ID

The BritCard system actively enables the government to monitor your every move, track your online activity, identify the protests you attend, and record your spending habits, storing this vast amount of data permanently. The state is deliberately designing this system to exclude any option for citizens to opt-out, effectively making every individual digitally visible to the authorities in all their transactions. If you choose to defy some future directive, will the government actively cut off your access to your own funds, or will they restrict your freedom of movement? The implementation of BritCard is actively paving the way to a future where privacy is not just impossible, but explicitly forbidden, eroding the very foundation of personal autonomy.

Digital ID is Blair’s baby. One of the authors works for the Tony Blair Institute. Labour Together was founded by Blairite MPs and is staffed with ex-members of Blair’s cabinet. This is pure Blairite sleight-of-hand. Tony Blair’s Institute for Global Change has been pushing digital IDs as a fix for everything since forever, and now Starmer’s mulling a “Gov.uk wallet” for digital docs amid a Home Affairs Committee inquiry. Illegal migration? That’s the smokescreen—just like how the BIS uses “efficiency” for CBDCs in Project Mariana. BritCard won’t stop dinghy arrivals; it’ll track your movements, banking, and even vax status, paving the way for social credit, CBDCs, and carbon taxes. it’s a “slave collar like the COVID vax pass as a trial run. it’ll evolve into an app tying your bank and everything else, eroding freedoms. This dovetails perfectly with the Web3 hijack we discussed yesterday: blockchain digital identities from JPMorgan’s Onyx to Billions’ ZK proofs, all feeding into a globalist net where your “proof-of-personhood” locks you into compliant ecosystems.

The Quiet Rebranding of CBDCs as “Digital-ID”

The US has issued an Executive Order banning Central Bank Digital Currencies (CBDCs), yet elements typical of a CBDC system are emerging, though not from the Federal Reserve. The US Treasury Department is now inviting public comments on the role of Digital ID in decentralized finance (DeFi). They aim to gather input on innovative methods to combat illicit finance risks tied to digital assets, as part of the GENIUS Act and in alignment with Donald Trump’s initiative for responsible digital asset growth. The Treasury’s request covers various topics, including using APIs to enforce access controls, monitor transactions, and enhance the security of financial institutions dealing with digital assets. It also explores employing Artificial Intelligence to identify illicit financial patterns and trends, as well as blockchain monitoring to assess high-risk activities and trace transactions across different blockchains. Additionally, the Treasury is seeking feedback on introducing portable digital identity credentials. These would support anti-money laundering (AML) and counter-terrorism financing (CFT) measures, promote user privacy, and lessen the compliance burden on financial institutions. Such credentials could enable DeFi services to verify user identities before processing transactions. This approach mirrors the Bank of International Settlements’ (BIS) proposal to assess individual crypto wallets for AML compliance, leveraging the history of crypto assets to calculate an AML compliance score. This score would indicate the likelihood of a crypto asset being linked to illicit activities, allowing authorities to enforce a duty of care among crypto market participants.

Digital ID verification in DeFi – Transparency or control?

The US Treasury’s potential integration of digital ID verification is poised to fundamentally alter the core of decentralized finance, a concept that was never truly decentralized to begin with. By embedding IDs directly into smart contracts, Know Your Customer and Anti-Money Laundering regulations will be strictly enforced on-chain, effectively closing the loophole for money laundering activities, but also sparking significant concerns about privacy. At this juncture, decentralized finance will be indistinguishable from traditional finance, as it will be subject to the same regulatory oversight. This development could potentially pave the way for cryptocurrency to become more integrated with traditional finance, resulting in lower compliance costs and fostering trust with major institutions. However, the drawbacks of this approach far outweigh the benefits, as stringent regulations will inevitably lead to the elimination of non-compliant protocols. In response, compliant stablecoins and DeFi platforms will emerge as the new standard, becoming institutionalized at an accelerated rate. Ultimately, DeFi will be forced to operate within the boundaries of the law, but the underlying question remains: is this regulatory push genuinely aimed at combating money laundering, or does it serve a more ulterior motive? Whitney Webb breaks down the coordinated global push for a new, dystopian system of control, marrying digital ID with CBDCs.

Governments and financial institutions are actively constructing a comprehensive digital surveillance system, with Digital Identity and Central Bank Digital Currencies (CBDCs) serving as the two primary components that lock individuals into this framework. This system is being designed to replace traditional government-issued IDs with Digital IDs that are deeply rooted in immutable biometric data, including fingerprints, facial structures, and iris patterns. By harnessing this biometric data, authorities are creating an unbreakable link between individuals’ physical bodies and their digital identity credentials, effectively rendering their bodies as passwords. The United Nations and the Bank for International Settlements are openly acknowledging that Digital IDs and CBDCs are being integrated to form the backbone of a new financial system. This biometric digital ID is crucial for the implementation of Know Your Customer (KYC) protocols, which require the identification and verification of every participant in the digital financial system. Digital wallets are being tied to Digital IDs, which are, in turn, mapped to individuals’ biometrics, establishing a total linkage between financial transactions and biological data. Prototypes of this system are already being rolled out, with initiatives like Sam Altman’s WorldCoin encouraging people to scan their irises to obtain a “unique identifier” and a digital wallet. Similarly, the UN’s “Building Blocks” program is forcing refugees to scan their irises to receive food rations, with the value being deducted from a wallet linked to their biometric ID. Under the guise of addressing the “identity gap,” authorities claim that digital IDs are necessary for the world’s poor to access essential services like banking and healthcare. However, the reality is that this system is being designed to exert programmable control over individuals, with their access to society and their own money being permissioned and revocable based on their compliance. This digital surveillance system is not about convenience; it’s about control. The new global financial system is being built on the foundation of total surveillance, where individuals’ every move is monitored and regulated. The implementation of Digital IDs and CBDCs is a deliberate attempt to create a framework of control, where authorities can dictate who can participate in the financial system and who cannot.

That brings us into Project Mariana, a cozy little collab between the Bank for International Settlements (BIS) Innovation Hub, the Bank of France, the Monetary Authority of Singapore (MAS), and the Swiss National Bank (SNB). These unelected technocrats are “exploring” – that’s code for piloting – the use of decentralized finance (DeFi) tools for cross-border trading of wholesale central bank digital currencies (CBDCs). And get this: they’re borrowing tech from Curve Finance’s Curve v2 Hybrid Function Market Maker (HFMM) to power on-chain liquidity pools for these digital fiat monstrosities.

The Federal Reserve and its allies are debasing currencies, and Project Mariana reeks of their old playbook: disguising control as innovation. This project, backed by the “central bank of central banks,” aims to make international settlements faster and cheaper using digital currencies. They’re testing a digital version of the US dollar, euro, and other currencies on a private Ethereum network, cutting out traditional middlemen. But who’s building this new system? The same institutions that created the current economic mess. Mariana is using Curve Finance’s technology to swap currencies without the chaos of traditional markets. Curve’s system is perfect for institutional-scale digital currency pools, making it a key player in this project. But don’t be fooled – this isn’t about liberating the masses; it’s about the traditional financial system co-opting decentralized finance to build a programmable money system that’s traceable, taxable, and controllable. This project is part of the World Economic Forum’s “Great Reset” plan, which leads to a system where every transaction is tracked and controlled. The ultimate goal is to create a digital currency that can track your every purchase, including your morning coffee, and penalize you for “carbon overuse.” Mariana is building on earlier projects, pushing for a global digital currency platform that spans borders, all under the guise of “financial inclusion” and “reduced costs.” The irony is that Curve, a protocol born from crypto anarchy, is now lending its technology to the establishment’s surveillance ledger. If this project scales, say goodbye to cash anonymity and hello to a world where governments and banks can freeze your assets in an instant. This is the establishment’s endgame: hijacking blockchain’s promise to entrench their power and control over the global economy. So how does XRP tie into all this? Ripple has a Secret Plan to make your Biometric Identity Control Money and Healthcare.

Written By Tatenda Belle Panashe

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Web3: Path to Digital Liberation or a New Era of Surveillance? https://ln24international.com/2025/09/05/web3-path-to-digital-liberation-or-a-new-era-of-surveillance/?utm_source=rss&utm_medium=rss&utm_campaign=web3-path-to-digital-liberation-or-a-new-era-of-surveillance https://ln24international.com/2025/09/05/web3-path-to-digital-liberation-or-a-new-era-of-surveillance/#respond Fri, 05 Sep 2025 09:41:03 +0000 https://ln24international.com/?p=27233 Have you heard of Web3 is the vision for a decentralized internet built on blockchain technology, shifting control from centralized entities like Big Tech and governments to users. Unlike Web2, where platforms like Google or Meta own your data and profit from it, Web3 aims for a peer-to-peer network where individuals control their digital assets, identities, and interactions via decentralized protocols. Think Bitcoin for money, Ethereum for smart contracts, or IPFS for file storage—no middlemen, no single point of failure. The pitch is freedom: you own your data, choose what to share, and transact directly. But here’s the catch—globalist players like JPMorgan and the WEF are pushing their own spin, using blockchain for “trusted” digital IDs and regulated ecosystems, which could turn Web3 into a surveillance tool rather than a liberation tech. JPMorgan Chase and the World Economic Forum (WEF) teaming up to hail blockchain-based digital identity as the “foundation” of Web3, the so-called next-generation internet. On the surface, it sounds like a libertarian dream—decentralized control, user ownership, privacy from Big Tech overlords. But dig a little deeper, and you’ll see it’s just another tool for the global elite to track, control, and monetize every move you make in the digital world. This isn’t freedom; it’s a velvet-gloved surveillance state.

JPMorgan and WEF Pushing Blockchain Digital ID as Cornerstone for Web3

Meet JPMorgan, the banking giant that’s been slapped with billions of dollars in fines for manipulating markets and facilitating large-scale fraud. This behemoth is now aggressively pushing Web3 narratives through its blockchain arm, Onyx, rebranded as Kinexys. In a video and article series, “The Big Shift: Digital Identity in Web3,” JPMorgan explicitly claims that Web3 will revolutionize the way we create, store, and manage assets and identity information, transitioning to decentralized blockchain models. The bank envisions a future where your digital identity, stored in a blockchain “wallet,” enables you to seamlessly navigate digital realms like DeFi, the metaverse, and NFTs, all while proving ownership without relying on centralized servers. On the surface, this sounds incredibly empowering, as you’re in control of your data, sharing only what you want, and blockchain’s immutability keeps it secure.

JPMorgan’s Digital ID intentions are not at all altruistic

However, JPMorgan’s true intentions are not at all altruistic like the video tries to sell. The bank is building a permissioned blockchain, which is centralized enough for them to control access and comply with government regulations. They’ve already processed over $300 billion in transactions on this platform and are now exploring digital identity wallets that tie your assets, credentials, and even offline payments to this system. JPMorgan claims this is all about efficiency, faster loans, and reduced fraud, but it’s clear that banks like JPMorgan don’t innovate without a profit motive. They’re using this “decentralized” identity to extract fees and data, funnelling it through their ecosystem, where they can monitor transactions, enforce know-your-customer rules, and integrate with global payment systems like their JPM Coin. This isn’t about giving users sovereignty; it’s about establishing JPMorgan’s sovereignty, with blockchain as the shiny new ledger for their financial empire. Jordan Peterson on digital ID, and the social credit systems it facilitates.

JPMorgan is actively trying to shape the future of digital identity, but it’s crucial to examine their motives and the implications of their actions. By doing so, we can better understand the true nature of their Web3 ambitions and what they mean for the future of finance. The bank’s aggressive push into Web3 is a calculated move to expand its reach and consolidate its power, and it’s essential to consider the potential consequences of their actions. As JPMorgan continues to drive the development of digital identity wallets and permissioned blockchains, it’s vital to ask: what does this mean for the future of financial sovereignty, and who will ultimately benefit from these innovations?

In comes the World Economic Forum, stepping into the fray, and the alarm bells warning of a globalist agenda ring louder than ever. Led by BlackRock’s Larry Fink now and unelected billionaire powerbrokers, the WEF has been aggressively promoting blockchain technology as the cornerstone of their controversial “Great Reset” initiative for years. The organization’s Blockchain Toolkit, launched in 2019, devotes entire modules to the concept of digital identity, emphasizing its crucial role in facilitating every transaction across supply chains and beyond. By advocating for “trusted digital identities” that seamlessly integrate the physical and digital realms, the WEF envisions a future where blockchain technology is used to verify and authenticate actors within complex networks, encompassing governments, corporations, and even IoT devices, all interconnected and interdependent. Queen Máxima of the Netherlands tells the WEF why digital ID is necessary for verifying vaccination status, accessing financial services and distributing government subsidies.

the WEF’s Digital ID Initiative

In a 2023 article, the WEF’s Digital ID Initiative is pushing for the development of privacy-preserving systems that leverage decentralized technologies, such as verifiable credentials and zero-knowledge proofs, allowing users to store metadata on public blockchains while keeping their personal information secure in offline wallets. The WEF even cites the concept of “soul-bound tokens,” introduced by Ethereum co-founder Vitalik Buterin, as a means of binding non-transferable identities to individual blockchain profiles. According to the WEF, this initiative is designed to provide a solution to global problems, including the estimated 850 million people who lack official identification, by granting them access to essential services such as finance, healthcare, and social benefits, while also curbing the exploitation of personal data. However, a closer examination of the WEF’s true intentions reveals a more sinister agenda – the implementation of stakeholder capitalism on a global scale. The organization is actively promoting the development of interoperable systems that standardize identities across borders, effectively merging public blockchains with regulatory oversight. The WEF’s ultimate vision is that of a “decentralized society” where blockchain technology enables the tracking of compliance across a wide range of areas, including carbon credits, and more. JPMorgan is already on board, collaborating with the WEF on pilot projects such as Project Mariana and integrating with SWIFT for tokenized assets. Recent rumors have also linked this initiative to Ripple’s XRP Ledger, with leaked non-disclosure agreements suggesting ties to BlackRock ETFs and even health tech initiatives from the current US administration, highlighting the complex web of connections that underpin this global financial agenda. Listen to this from ‘The Agenda: Their Vision, Your Future’ by OracleFilms.

JPMorgan has explicitly stated that digital identity is the foundation of Web3, while the World Economic Forum (WEF) is linking it to healthcare, compliance, and global settlements. The WEF is even recommending its own reports on “trustworthy verification” of digital IDs, emphasizing its importance for a sustainable tech landscape. This push for digital identity is dark. When giants like JPMorgan and the WEF are at the helm, it’s not about decentralization, but rather centralizing control under the guise of tech utopianism. Digital IDs on the blockchain would create a permanent and tamper-proof record of an individual’s life, including their finances, health, location, and purchases, all of which could be accessed by anyone with the right keys. This would essentially eradicate privacy and open the door to total surveillance, allowing governments and corporations to blacklist individuals for their beliefs or actions.

The WEF’s focus on “redesigning trust” in supply chains is a euphemism for globalist micromanagement

The WEF’s focus on “redesigning trust” in supply chains is actually a euphemism for globalist micromanagement, where every transaction would be subject to ESG scores and carbon tracking, eroding national sovereignty and individual rights. This ties in with the development of Central Bank Digital Currencies (CBDCs), which would give governments and corporations unprecedented control over individuals’ financial lives. JPMorgan is already experimenting with blockchain settlements, and a universal digital ID would make programmable money a reality, where individuals’ dollars could expire if they don’t comply with certain requirements. While JPMorgan and the WEF spin this as empowerment, it’s actually a trap for the masses. We need to resist this globalist digital leash and push for truly decentralized alternatives that don’t involve these players, protect cash, and keep the internet free from ID mandates.

Written By Lindokuhle Mabaso

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