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The glorious restoration of all the priesthood keys is preparatory to taking the gospel to the whole earth. “The keys of the kingdom of God are committed unto men on the earth, and from thence shall the gospel roll forth unto the ends of the earth, as the stone which is cut out of the mountain without hands shall roll forth, until it has filled the whole earth” (DC 65:2; see also Daniel 2:34–45). All who have faith and have been called and given authority can receive inspiration within their jurisdiction in accomplishing this work. The standard of truth has been erected, and the gospel message will be delivered by missionaries of the Lord’s true Church to the inhabitants of the entire earth. [67]

Destructions. A sixteenth way God influences His children is through destructions; there is a sterner side to God. He is a God of both mercy and justice, principles which apply not only to individuals but to groups of people. “My Spirit shall not always strive with man, saith the Lord of Hosts” (DC 1:33). “And when the Spirit ceaseth to strive with man then cometh speedy destruction,” wrote Nephi (1 Nephi 26:11; see also Mormon 5:16–18). When people become ripe in iniquity and will not hearken to the prophets and Saints sent to preach repentance—but persecute them—cast them out, and kill them, they bring upon themselves His wrath and their destruction. This applies in this dispensation as well as in those past (see Helaman 13:13–14; DC 1:7–14; 136:34–36).

God not only gives life but may also take it away. As Nephi learned, “the Lord slayeth the wicked to bring forth his righteous purposes” (1 Nephi 4:13; see also Alma 19:22–23; Genesis 38:6–10). Nephi further observed, “He raises up a righteous nation, and destroyeth the nations of the wicked” (1 Nephi 17:37). He allows, even ordains, that the wicked destroy the wicked (see DC 63:33). As Mormon wrote, “The judgments of God will overtake the wicked; and it is by the wicked that the wicked are punished; for it is the wicked who stir up the hearts of the children of men unto bloodshed” (Mormon 4:5). The Civil War in the United States appears to have come as the promised retribution for having “killed the prophets” and “driven” out the Saints (DC 136:34–36). The prophecy that war and destruction would be poured out upon all nations following the American Civil War (see DC 87:3) has been accomplished in the two world wars [68] and in numerous other armed conflicts.

Some lands, such as the Americas, have alternate blessings and cursings upon the land. God has decreed that the Americas, “choice above all other lands,” are to be a land “free from bondage, and from captivity,” but if the inhabitants of the land do not serve Jesus Christ, who is the God of the land, when they are fully ripened in iniquity they shall be “swept off” (Ether 2:9–12). The latter-day inhabitants of the Americas are particularly warned against the rise of secret combinations among them, which led to the destruction of both the Jaredite and Nephite nations (see Ether 8:18–25).

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Wolfie Zhao
Jul 4, 2018 at 12:00 UTC |Updated Jul 4, 2018 at 12:10 UTC

An EU banking regulator has published a new report exploring the benefits and risks associated with the use of distributed ledger technology (DLT) in finance.

In a report Marc Jacobs Edie Mary Jane Platform Pump ycPPgBZ
on Tuesday that discusses the rising trend of financial technology, the European Banking Authority (EBA) highlighted two banking-related use cases of blockchain: cross-border trade finance and identity authentication.

With a detailed explanation of how smart contracts and DLT can be utilized in the case of cross-border transactions, the EBA says the nascent technology can help solve a variety of issues. The paper's authors wrote:

That said, the EBA also noted the emerging technology still faces potential risks as applicable law remains uncertain at the moment. As such, conflict of interests may occur among DLT nodes that are located in different jurisdictions.

The EBA went on to explain:

The EBA's comment notably follows news that a group of European banks has conducted a series of live cross-border trades using a jointly-developed blockchain platform.Those firms have said they want to expand the platform to elsewhere in the region.

Elsewhere in the report, the banking regulator also said that DLT can potentially streamline the ID verification process in European banks' customer due diligence since data can be shared in a distributed network.

However, the EBA said one of the unresolved questions in the application is how to ensure each party on a DLT network conducts a comprehensive due diligence process so that incomplete or invalid data will not be shared among different nodes.

"A number of opportunities emerge from the use of DLT and smart contracts for trade finance. The most promising are the potential efficiency gains, cost reduction, and lower risk of duplicate financing and loss or manipulation of documents."

"For example, a digitally signed contract might not be enforceable in all the jurisdictions. It is essential to establish the applicable jurisdiction, in case of conflict, and the dispute mechanisms, when a dispute arises. "

European Banking Authority Republished

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