How Blockchain Revolutionized Modern Warfare: Lessons from Ukraine

cryptonews.com:

On the second day of the Blockchain Economy London Summit, Cryptonews was present at a talk by Patrick Sweeney, the CEO of DaVinci 3.0 and a Wall Street Journal Best-Selling author. 

Sweeney discussed how blockchain had altered the dynamics of the Ukraine conflict.

Patrick Sweeney, emphasized the importance of courage in dealing with uncertainty, a quality that early adopters of technology possess.

He pointed out that 17% of Ukraine's population has access to crypto wallets or has done trading, making them one of the largest countries in the world in terms of crypto adoption. 

This started before the war, when President Zelenskyy signed in a digital asset law, creating a safe haven with a little bit of regulation, thus allowing Ukraine to take advantage of blockchain technology. 

Sweeney explained how the digital asset law enabled a fast, simple and easy way to help fund the war, with over $70 million of cryptocurrency donations received over the course of the conflict so far, with some estimates reaching as high as $200 million.

The Ukrainian government set up nine of its own wallets, not just Bitcoin, so people could donate Ethereum, Polkadot or even Solana. 

In the first few weeks, Ukraine raised around $50 million of crypto, with donations being made from around the globe.

Additionally, different technologies, such as NFTs, were used for fundraising. 

For example, the famous anti-Putin group Pussy Riot produced a single NFT of the Ukrainian flag, which raised $7.1 million.

During his talk, Sweeney also discussed how blockchain technology is being used to document purported war crimes in Ukraine. 

This is being done through a project developed by the University of Southern California, in collaboration with Starling Lab at