Fri. Jun 21st, 2019

PICRC Researchers Awarded Grant from Micronesia Conservation Trust  

The Palau International Coral Reef Center’s (PICRC) was awarded a grant of $32,600, from the Micronesia Conservation Trust to assess the impact of increased tourism on the reefs. With the support of this grant, PICRC researchers will conduct research on “Monitoring and Assessing the Impact of Growing Tourism on Coral Reefs in Palau, Micronesia”.  Due to the increasing number of tourists arriving each year, this study is vital to understanding the impacts the tourism industry may have on Palau’s coral reefs.[restrict]

The study consists of two components: assessing the impact of tourists on coral reefs and increased demand of local seafood on the coral reef fish communities. With the first component, PICRC researchers will observe tourists at five popular snorkeling sites. In their observations they will make note of any coral damage associated with the tourists’ activities. In addition to assessing tourist behavior on the coral reefs, they will also look at the coral cover and fish population at popular snorkeling sites. This part of the project will use last year’s snorkeling survey as a baseline for comparison.

For the second component, PICRC research team will thoroughly survey commercially-important fish populations in different reef habitats all around Palau. This survey will serve as a baseline on fish population status in Palau; with which researchers can later use to assess changes over time. This information will help understand if there is a significant impact on reef fishes due to the increased demand of local fish to feed visitors.  Economically, Palau is benefitting positively from the tourism industry. However, we do not know the full impact of the tourism industry on our environment, especially our coral reefs and seafood resources.

PICRC is pleased to accept this grant from the Micronesia Conservation Trust because it represents the region’s support for the study.  The award by MCT highlights the importance of this work for Palau and the region. As PICRC continues to produce reputable coral reef research, this study will contribute to related studies, as well as management policies that may derive from these findings.


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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