Oxfam Officially Launched Blockchain Projects for Farmers

According to the official announcement, Oxfam, a global charity firm has successfully launched a blockchain project to empower the custodian rice supply chain. The new blockchain program is called BlocRice which connects buyers and suppliers on an open network. The App aims to help farmers achieve the more negotiation power to enhance the efficiency of the supply chain. Before the prior launch, the project has gone through successful trials in Cambodia.
Blockchain to Track Agricultural Products
In a statement, Oxfam reads that;
“The project aims to test blockchain technology and its smart contracts, a digital three-way contract farming arrangement between primary producer, Cambodian rice exporter, and retailer in Europe, to improve farmers’ livelihood and their supply conditions,”
Adding,
“Farmers gain collective bargaining power since agricultural cooperatives will be party to the contracts,”
BlocRice – To Promote Cashless Payment
An inbuilt blockchain based App is focusing on trace-ability and transparency which keeps farming players in a row. As per the report, the project will work with 50 rice farmers in Cambodia’s Preah Vihear province. With this, the project encourages cashless payment. The pilot phase of the project will be first introduced to the farmers. In order to successfully complete the proposed plans for farmers, the biggest local commercial bank, Acleda Bank is supporting the move. As a result, more followers have already opened the accounts with FinTech.

Today, 50 farmers, Preah Vihear province, are opening wallet accounts with ACLEDA bank for their cashless payment of their organic rice selling in the upcoming harvest time. This will help reducing traveling time and paper work transaction and minimizing security risk. #BlocRice pic.twitter.com/AW04HtxWpA
— Oxfam in Cambodia (@OxfamKH) August 17, 2018

Presently, the pilot project is limited to organic rise and it is expected to expand other agriculture products in the future. Cashe nuts, cassava, pepper are few of the products the project may consider. On top of all, Oxfam predicts the number of farmers participating in BlocRice will rise up from 1000 by 2020 to 5000 by 2022.
The information shared through a blockchain based system will ensure a transparent and trusted relationship between parties including farmers, Cambodian rice exporters and Dutch importers.
However, it also encourages economic empowerment. The official notes follow as;
“BlocRice promotes the use of such digital contracts as tools for social and economic empowerment. The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers,”.
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Source: CoinGape

Crimea to Set Up Blockchain University to Help Countries Evade U.S. Sanctions

Crimea, a disputed territory between Ukraine and Russia, is heading towards the creation of an international center for blockchain technology. Authorities in the Crimean Peninsula regard blockchain technology as a solution for states under international sanctions. Crimea was annexed by the Russian Federation in 2014 following a coup d’etat in Ukraine. The majority of international governments, however, continue to regard Crimea as an integral part of Ukraine.
Russian-Annexed Crimea Finds Crypto Niche: Evasion of U.S. Sanctions
Roman Kulachenko, the President of the Crimean Republic Association of Blockchain Technologies Investment told Russian news agency TASS that the public entity has proposed the creation of a university or courses to advance knowledge of blockchain technology in the peninsula.
“[It is proposed] to create a university or courses for blockchain specialists, including for the authorities. There are a number of states that, like the Crimea, are under sanctions – for example, South Ossetia and Abkhazia. We have the same problems and center will allow us to combine efforts and solve the problem.”
A number of countries have considered or already started using cryptocurrencies as a tactic to circumvent international sanctions against them. Iran, for example, has recently been ousted from SWIFT’s financial banking system as part of the US-led sanctions. Without SWIFT’s system, its economy will face increased difficulty to settle its international deals. In response, the authorities in Iran have accelerated the development of their state-backed national digital currency.
Sanction-ridden Iran is a typical target country, according to Kulachenko description. The Islamic republic may eventually send a number of IT experts to study blockchain in Crimea once the proposed university becomes a reality. Russia, which is also under international sanctions since the annexation of Crimea in 2014, has also been in talks for the creation of crypto ruble in order to evade sanctions.  The plans of Russia and Iran are no secret. An Iranian MP has explicitly said that cryptocurrencies should be used to work around returning economic sanctions from the United States.
North Korea has also made the news for ramping up the use of cryptocurrencies to evade US economic sanctions. The pariah country plans to launch its own digital currency to facilitate the opening of online accounts under the guise of a non-adversarial nation. The method would include using anonymous communication to conceal the user’s locations and usage on the internet. Independent financial analysts believe the DPRK may create its own wallet services so they can to move funds to European-based accounts in order to make their way to European exchanges that have relationships with U.S.-based banks. 
Economic sanctions are increasingly being used to promote the full range of American foreign policy objectives. The university or courses being proposed by the Crimean blockchain association is likely to find great demand from targeted nations.
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Oxfam Officially Launches Blockchain-Based Program That Empowers Farmers

Oxfam has officially launched their blockchain-based program, called BlocRice, that is aimed at giving farmers significantly more negotiation power and to increase the efficiency of the supply chain by connecting buyers and suppliers directly through their system.
The new program, which has undergone successful trials in Cambodia, has a primary goal of increasing revenues for farmers, who can be severely underpaid, by allowing them to form agricultural cooperatives that operate similarly to labor unions, that ensure that agriculture product prices rise across the board.
Solinn Lim, the country director of Oxfam in Cambodia, spoke about the launch of the BlocRice initiative, explaining that it will promote the use of smart contracts between organic rice farmers and exporters in Cambodia, and buyers in the Netherlands.
“BlocRice promotes the use of such digital contracts as tools for social and economic empowerment. The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers,” Lim explained.
The use of blockchain-based smart contracts will be cohesive between all the parties in the supply chain, and Oxfam has already negotiated and facilitated the use of these products between rice farmers in Cambodia’s Preah Vihear province, exporters in Cambodia, and SanoRice, the Dutch rice cracker manufacturer.
Lim added that all the information regarding the sourcing, transportation, and use of the rice, will be shared through a central, blockchain-based, system that will allow for a more cohesive and transparent relationship between all involved parties.
“BlocRice promotes the use of such digital contracts as tools for social and economic empowerment. The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers,” she explained.
Furthermore, BlocRice’s modernization of the rice ecosystem will also introduce cashless payments to farmers, many of which previously did not have bank accounts, using accounts provided by Acleda bank.
Related Reading: Oxfam to Empower Cambodian Rice Farmers with Blockchain
The Positive Benefits of Blockchain on Humanity
Oxfam’s latest initiative provides a perfect example of how blockchain technology can enhance lives by empowering individuals and rebalancing power-relationships between parties participating in business relationships, including trade.
Song Saran, the CEO of Amru Rice, one of the companies that will be participating in BlocRice as an exporter, spoke about the positive impacts of the initiative, saying that it will “increase transparency, traceability, fairness and trust in the supply chain by and enhance the livelihoods of farmers.”
Saran further added that although the BlocRice initiative will initially be exclusive to rise products, the same system and concept could easily be applied to other products and even other industries, adding that if it’s successful, it could be expanded to all of the communities currently exporting through Amru Rice.
Featured image from Shutterstock.
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Zcoin To Host Live E-voting On Blockchain For The First Time

Thai Democratic Party would be the first player in the voting system to employ blockchain technology for a live e-voting. According to resources, Zcoin Blockchain will put in place to run e-voting system on November 1 to 9.
Voting Via Cryptography
Members during elections can vote in two methods – Raspberry Pi-based voting system which is a nationwide voting system and later using blockchain application. Consequently, the decentralized app is dubbed D-Elect enable voters to submit their Photo ID as a proof. Besides, members need to submit identification documents and voting tallies.
Then the process follows like;

This voting information or datasets will be processed and stored over a decentralized file system
This distributed mechanism will create IPFS (InterPlanetary File System) hashes that store a huge volume of data
Later, these IPFS hashes were stored on Zcoin blockchain technology.
Zcoin’s blockchain provides seamless audit access to the Thai Election Commission and Democrat Party Candidates.

Poramin Insom, Zcoin developer said in a statement
I am very proud that Zcoin played a role in making Thailand’s first large-scale e-vote, a reality, which saw greater voter participation and transparency.
Moreover, to assure the security during voting system, Shamir’s Secret sharing Scheme was put in place that demands multiple keys in order to access any stem. The scheme would require multiple custodians to decrypt voting datasets which marked a great success to blockchain applications for election system. Not just Thailand, West Virginia was also looked up as a country to employ blockchain app for midterm federal election for trial purpose.
Cryptocurrency and ICOs where regulators of major countries pop up the red light, blockchain technology, on the other hand, heads up by signaling green. Poramin Insom, Zcoin founder and lead developer intends to employ blockchain technology across large-scale e-voting as well.
What’s your view on Blockchain adoption for voting system? Let us know in comment below 
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Source: CoinGape

Twitter Implements Scam Safeguards, but Google’s Account Still Gets Hacked

Twitter has been on the losing side of an ongoing battle with scammers who are leveraging the platform’s user base to steal cryptocurrencies. However, the company has revealed that it’s implemented some safeguards in an attempt to reduce the frequency of such scams and better protect its users.
Twitter Issues Statement, Implements Scam Countermeasures
Twitter, the popular social media platform originally known for limiting discussion to 140 characters, has been fighting a growing trend where cybercriminals hijack accounts – often verified accounts – of major brands, big-name celebrities, and cryptocurrency industry executives and entrepreneurs.
The likenesses are imitated, and then used to lure users into sending a small sum of cryptocurrency to a scammer’s wallet, with the promise of a larger sum being sent in return. Except the sending user is left high and dry after they realize they are not only getting the promised larger sum, but that they’ve lost the initially sent assets as a result of the scam.
Related Reading: Crypto Scammers Steal $150K Posing As Elon Musk
Yesterday, one of the U.S.’s largest retail chains, Target, had their verified account of 1.92 million followers hacked.
A posted tweet on it stated that it was doing a cryptocurrency giveaway that led to over $38,000 in Bitcoin being stolen from Target’s customers. Target issued a statement apologizing to its customers and explaining the situation. However, the retail giant cannot be too pleased with the way Twitter has allowed this problem to run rampant on its platform, and continue to escalate.
Following the incident, Twitter issued a statement.

“We’ve been in close contact with Target this morning and can also confirm that their account was inappropriately accessed for approximately half an hour, after which we swiftly locked the account so Twitter could thoroughly investigate the issue,” the company told Hard Fork.

Twitter also claimed it had discovered additional security breaches, and has since implemented some countermeasures aimed at thwarting future attempts from cryptocurrency scammers.
Google’s Account Hacked Following New Countermeasures
Not even hours later after Twitter’s statement, the G Suite verified account owned by Google was also breached, and used for wrongdoing. The G Suite account has over 800,000 followers, meaning that well over 2.5 million users were exposed to scammers in less than 24 hours due to the social media giant’s inability to stop the spread of the ongoing issue.
Google removed the tweet, and said they were “investigating with Twitter now.”
The company appears to be defenseless in the fight against these cybercriminals, which are said to reach as many as 15,000 bots as part of a growing botnet designed to scam Twitter users out of their crypto.
Jack Dorsey, Twitter’s CEO, claimed the firm was “on it,” and began exploring using “untapped potential” blockchain offers as a way to improve transparency and accountability on the social media platform.
Featured image from Shutterstock.
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Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain

CoinSpeaker

Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain

A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.

Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain

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Source: CoinSpeaker

Ripple’s CEO Says Blockchain Will Change the World of Global Payments

Ripple CEO’s has sat down with Ross Leckow, IMF’s Deputy General Counsel, to talk about blockchain technology at the Singapore Fintech Festival.
Both agreed that the distributed ledger will change the world of global payments as the International Monetary Fund engages with the private sector and industry to help its members unlock the potential of blockchain with minimum risk.
IMF Engaging Private Sector to Help Countries Move Towards Blockchain-Friendly Environments
During the conversation about distributed ledger and the ASEAN market, current Brad Garlinghouse, CEO of Ripple, told Leckow that the regulatory clarity in the region, namely in Singapore, Thailand, and the Philippines, is attractive for the establishment of blockchain businesses.
“In particular, Thailand has introduced a framework that balances consumer protection with innovation. It legalizes several digital assets, including XRP, and provides clear and explicit guidelines for outside blockchain companies to operate. This clear regulatory environment makes it easier to apply blockchain and digital asset technology to solve real-world business use cases, such as improving cross-border payments across the ASEAN region.”
Blockchain also comes as an opportunity for the East Asian region as the market is ripe for adoption of blockchain to lower the costs of cross-border payments, which totaled $130 billion in inbound payments alone in 2017. Ripple is particularly invested in the region, with nearly 50 percent of global customers based there. The broad acceptance of blockchain in ASEAN markets aims to solve issues such as opaque, expensive, and slow cross-border payments, Leckow explained.
“Cross-border remittance is a good example of a use case that is very important here. Regulators here have demonstrated a willingness to engage with each other and others around the world — a type of cross-border cooperation has emerged that involves the right stakeholders and helps develop solutions to solve for problems like this.”
IMF’s fintech-related advisory group, which was founded last year, includes Chris Larsen, executive chairman of Ripple’s board of directors and former CEO and co-founder of Ripple. The IMF official added that the international community is now working together to develop regulation that is proportionate to the risks so that it does not stiffle innovation, but each jurisdiction makes its own decisions.
“Each country has to decide for themselves what type of regulatory framework is best. But generally speaking, they should be cognizant of risk but also the potential to make the global system more efficient, more inclusive with this new technology.”
Ripple’s Garlinghouse ended the talk by explaining that blockchain addresses the issues of value interoperability, including bringing three billion people – almost half of the world population – to the global economy.
Related Reading: Ripple Moves XRP Security Lawsuit to Federal Court, Attorneys Call It Brilliant
Featured image from Shutterstock.
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Ethereum Co-Founder: Blockchain Will Create More Wealth and Radically Change the Society

CoinSpeaker

Ethereum Co-Founder: Blockchain Will Create More Wealth and Radically Change the Society

Ethereum co-founder and ConsenSys CEO Joe Lubin said that blockchain technology is able to change the mindset of the society.

Ethereum Co-Founder: Blockchain Will Create More Wealth and Radically Change the Society

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Source: CoinSpeaker

Australia Set to Make Money ‘Smart’ Using Blockchain

CoinSpeaker

Australia Set to Make Money ‘Smart’ Using Blockchain

The Commonwealth Scientific and Industrial Research Organization’s (CSIRO) Data61 division and Commonwealth Bank of Australia (CBA) have announced that they have successfully trialed a new type of blockchain-powered smart money.

Australia Set to Make Money ‘Smart’ Using Blockchain

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Source: CoinSpeaker

Accenture Rolls Out a New Software License Management App Based on Blockchain

CoinSpeaker

Accenture Rolls Out a New Software License Management App Based on Blockchain

Leading management consultancy firm Accenture has developed a blockchain-based application created to manage and track software licenses.

Accenture Rolls Out a New Software License Management App Based on Blockchain

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Source: CoinSpeaker

Manhattan Real Estate Worth $36.5 Million to be Tokenised and Sold to Investors

A blockchain startup has partnered with a broker-dealer company to create a tokenised real estate investment opportunity.
Fluidity and Propellr will offer tokens representing shares in a multimillion-dollar block of condos in Manhattan, New York, allowing buyers to invest as much or as little as they like.
Blockchain Continues to Disrupt the Real Estate Industry
Michael Oved, the co-founder of blockchain firm Fluidity, believes blockchain and smart contract technology could completely revolutionise the very concept of investing in real estate.
In a promotional video for his company’s joint venture with broker-dealer Propellr posted to Bloomberg, Oved spoke of the existing inefficiencies in the current process of buying property as an investment and how blockchain technology could address them:
“When we started to look at the real estate industry, it’s probably one of the most inefficient industries that exists currently. A lot of middlemen, a lot of lawyers, a lot of bankers.”
The idea behind the partnership is to allow investors to buy shares in a $36.5 million block of condors. Rather than sell each of the 12 luxury apartments individually, the plan is to sell many tokenised shares to those wishing to add the Manhattan real estate opportunity to their portfolio. These tokens will be issued on a blockchain and should therefore allow for greater transparency, security, and efficiency than previously possible.
By tokenising the sale of the property, those behind the idea also believe they will be able to start repaying the loan that allowed for its construction earlier. One of the team’s real estate agents, Ryan Serhant, explained:
“We have a bank deadline on us where we have to sell a certain amount of units or repay the entire loan by a certain date. If construction has been delayed, if the market turns, if competition pops up, and we’re not gonna be able to hit that deadline, what do you do? So, by tokenising the debt it gives everyone breathing room to sell at a normal pace with the market instead of against it.”
There are other perceived advantages to the Propellr/Fluidity joint venture too. Transferring and monitoring ownership of shares in the property should be much more straightforward for one. Additionally, there is the increased flexibility investors enjoy. Serhant continued:
“Literally 25-30 million people can own a piece of this at a dollar a pop. When has that ever been possible?”
Successful crypto entrepreneur and “Off The Chain” crypto podcast presenter, Anthony “Pomp” Pompliano believes the future of investing will involve far more tokenisation:
“There’s only four assets you can own in the world: stock, bond, currency, or commodity. We think every single one of those is going to get digitised. Tokenise the world.”
The Manhattan condo block is not the first example of a tokenised real estate investment opportunity we have come across.
Earlier this year, NewsBTC reported on Aspen Digital and IndieGoGo’s sale of tokens representing shares in a luxury ski resort. Following this in September, we reported on the redevelopment of Keppel Island being financed by an ICO in which each token represents a share of the luxury resort on the Great Barrier Reef island.
Judging by the increasing frequency of these tokenisation stories, it seems that Pomp is already being proved right in his assessment of where the future of investments is heading. The blockchain revolution is already in motion.
Related Reading: A Fifth of UK Millennials Would Rather Invest in Bitcoin Than in Real Estate
Featured image from Shutterstock.
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ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain

Kaleido, a subsidiary of ConsenSys, is launching a marketplace of plug-and-play services to help blockchain projects from proof-of-concept to live production business networks.
The firm, which announced the product at the Web Summit in Lisbon, is working with Amazon Web Services to provide the enterprise blockchain platform.
ConsenSys’ Kaleido Launches Marketplace for Plug-and-Play Enterprise Blockchain Solutions
According to the company, early adopters of the Kaleido Marketplace have eliminated 80 percent of the custom code required to build their blockchain project, saving time and energy to focus on what comes next.
The full-stack platform includes plug-and-play tools from Kaleido, Amazon Web Services, and third-party developers. A survey conducted by PwC in August 2018 found that 84 percent of executives said their companies were “actively involved” with distributed ledger technology.
However, due to a shortage of skills and talent across the industry, companies struggle to complete their blockchain solutions to get them up and running. The marketplace includes native AWS integrations, HD wallets for privacy and ID registries for organizational identity.
The platform also offers blockchain tools and services for smart contract oracles, supply chain management, and real-time legal contracts. Kaleido’s Blockchain Business Cloud has helped companies create more than a thousand blockchain networks, Sophia Lopez, chief operations officer and co-founder, claims.
“We’ve seen successful patterns of deployment as enterprise networks go into production and we’ve baked these best practices into the Kaleido Marketplace services, to help radically simplify the adoption of blockchain and eliminate some of the specialized blockchain expertise needed.”
Steve Cerveny, Kaleido co-founder and CEO, explained there is much more to an enterprise blockchain project than the distributed ledger itself. The platform, built in cooperation with Amazon Web Services and ConsenSys, aims to help firms adopt blockchain in their operations.
“The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.”
The announcement, made at the Web Summit in Lisbon, shows how ConsenSys is at the forefront of enterprise blockchain solutions.
The firm has recently made the news for partnering with ING Bank, Citigroup, MUFG Bank, Societe Generale, BNP Paribas, Credit Agricole, Koch Supply & Trading and Shell, to create an ethereum-based platform via a new firm called Komgo. Souleïma Baddi, its CEO, said the company uses the marketplace to select the best protocols in development and use existing building blocks for an optimized solution.
Related Reading: Ethereum Price Analysis: Regulation is Important for Joseph Lubin, the CEO of ConsenSys
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EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions

A screenshot circulating on social media has revealed a decentralized blockchain protocol EOS practicing authority over its network.
AUTI9003, a pseudonym on Reddit, posted a photograph which demonstrated arbitrators on the EOS network in action, reversing confirmed transactions. A so-called judge referred verses from the EOS blockchain’s constitution to resolve a dispute between two account holders. The claimant accused an unidentified individual of possessing private keys to its EOS account via a phishing attempt. The user reached out to the EOS with his/her complaint and the network chose one Ben Gates as an arbitrator to resolve it, under the management of another individual called Moti Tabulo.
“Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rules that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed,” the ruling read.
Not a Blockchain?
The complaint-to-resolve structure, according to responders, was reminiscent of a conventional customer support model practiced by centralized organizations. Many argued that why a crypto user would find EOS better than any traditional legal system, given its high authority over the network.
Whiteblock, a blockchain testing firm, for instance, found that EOS had fewer features of a decentralized blockchain and more that of a cloud computing service. According to them, the protocol lacks immutability, meaning authorities can change or modify data on the EOS blocks with minimal resistance.
SOURCE: REDDIT
The AUTI9003 thread likewise offered similar criticism but turned into an EOS-bashing event with some pseudonyms calling the project names. In the midst, an argument came from CarInABoxx also questioning the project over its scalability solutions.
“Let’s say that 100 accounts get phished in an attack. Each of them creates a “case” on the EOS portal, each of them present evidence, the other party responds, then the EOS gods come to a decision,” the pseudonym assumed. “From this ruling it takes almost a month or more from freezing the account, hearing both sides, taking a decision.”
EOS on Accusations
“Decentralization is not what we are after,” said Daniel Larimer, the creator of the EOS protocol, in an interview to YouTube channel Colin Talks Crypto.
The programmer drew a thin line between how a decentralization works and how it gets perceived. He referred to log scales while explaining how projects like Steem, BitShares, and EOS (all his own) are two-three times more decentralized than Bitcoin and Ethereum. A screenshot from the video:

Source: Colin Talks Crypto
The argument, whether its Bitcoin or EOS, remains about the possibility of block producers colluding with each other to govern a blockchain as though they are its masters. That indeed abandons the idea of having a censorship-resistant and stable financial system.
The question that EOS could face nevertheless is why they would need to raise $4 billion to reinvent something that is already there.
“4bn to invent the wheel again,” as someone quoted.
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The Blockchain Startups You Need To Hear About

It’s safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. It’s exciting to be a part of, and it’s an industry that is going to be cooking for many, many years to come.
American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites.
Blockchain technology does not just mean cryptocurrency, therefore some of the mentioned projects are focusing on many other aspects of blockchain technology. Remember that this is opinion based and we are by no means telling you to invest in these projects, at the very least though, it’s exciting to explore.
According to American Inno:
“Blockchain startups have raised nearly $4 billion in VC in 2018 to date, a 280% increase from last year’s record pull. And blockchain extends way beyond the crypto space, infiltrating a variety of industries from healthcare to media. To shine a spotlight on the blockchain innovation that’s happening across the Inno network, we asked our writers to offer up a local startup in this space that’s caught their eye.”
Factom
Factom is a project that already hosts a tonne of value, around $500 million worth to be exact. Factom has been backed by Tim Draper, which in turn is helping to draw a lot of attention to this project, according to American Inno:
“Factom, which has backing from Tim Draper, has landed contracts to protect data housed by the U.S. Border Patrol, the Department of Homeland Security and the Bill and Melinda Gates Foundation. Factom’s other co-founder, Jack Lu, also launched Wanchain, which has landed millions in Ethereum and provides cross-blockchain functions.”
What is Factom? Well, according to the Factom website:

“At Factom, we make the world’s systems honest and build trust between organizations,
people and institutions today, solve hard problems through the utilization of Factom’s Blockchain. We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the world’s wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.”

Coinigy
Coinigy is a brand new crypto portfolio management, according to American Inno:
“A cryptocurrency startup in Milwaukee called Coinigy gives crypto traders the tools they need to buy, sell and manage their portfolios. Users get access to data on more than 40 exchanges and the ability for users to trade on nearly 20 exchanges. Though the company was founded in 2014, it just launched its mobile app in May to let traders trade on the go, and now has upwards of 80,000 users, roughly half of which pay about $20 per month for the product. And the founders say revenue has grown 300 percent year-over-year, which is pretty impressive.”
And, according to the Coinigy website:
“Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making. We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry. We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.”
Block.one
You’ve probably heard of these guys. The last of American Inno’s recommendations that we wish to touch upon is Block.one, the startup behind the EOS project. All things considered, it’s pretty clear why Block.one are quite a big deal and why we believe they are still one to watch.
According to American Inno:
“The maker of the world’s fifth most valuable cryptocurrency expanded its footprint in a major way this year. The blockchain company, which has offices around the world and was founded just a couple years ago, moved into its own 30,000-square-foot building in the Virginia Tech Corporate Research Center in October. Block.one created EOS, which raised $4 billion in an initial coin offering, and it’s backed by Peter Thiel — making it by far Central Virginia’s biggest blockchain startup.”
Now, as stated, we’re not telling you that these are the projects to invest in, however we do believe it is worth your while looking into them and doing some further research. Each example is exploring a very unique area of blockchain technology, yet together, all these projects are working together to bring blockchain technology to the mainstream. They are doing great things for themselves, their investors and the entire blockchain adoption movement.

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Fusion Whisky and Adelphi Distillery Launch Whisky on the Blockchain

Fusion Whisky and the Adelphi Distillery have announced the launch of The Winter Queen – their latest product to use blockchain technology to track its provenance.
The Winter Queen Marries 17th Century Royalty with 21st Century Tech
It is not only finance that blockchain technology has the potential to disrupt. Other industries are rapidly making moves to explore the innovation’s implications. One of these is the whisky distillation and distribution sector.
Fusion Whisky have joined forces with the Adelphi Distillery to launch a special blend called The Winter Queen. Each bottle of the special edition whisky will be registered on the blockchain. This will allow buyers to be sure that the product they receive is exactly what the makers claim it to be.
The Winter Queen is the second whisky from either firm to use such a distribution method. The previous one was an Australian blend by Fusion Whisky called The Brisbane. It was released in March of this year. Adelphi has also launched two editions of its own AD spirit on the blockchain.
The blend launched today is also the second time The Winter Queen has been released. The previous occasion was in February of this year. This edition is to celebrate the coronation of Elizabeth Stuart, a Scottish princess crowned Queen of Bohemia in the seventeenth century. The whisky itself is said to have echoes of Parma Violets (a popular U.K. candy) and highland toffee, whilst retaining a smokey finish.
Master blender and managing director of Adelphi Distillery, Alex Bruce, spoke to BQ Live about the decision to use blockchain technology to distribute the second release of the spirit:
“Such was the success of and acclaim for The Winter Queen, we were very keen to bring out another edition. This is our most complex fusion to date, with more than six different malt whiskies going into the blend.”
The idea behind releasing whisky using blockchain technology is to allow its drinker to check the provenance of their liquor for themselves. It is supposed to let them see the “whisky’s journey” from field to bottle. Further details about the history of Elizabeth Stuart are also provided on the entry to the distributed ledger.
The two firms have worked with Arc-Net in creating the architecture needed to make the idea a reality. Drew Lyall, the general manager of the tech firm, stated:
“We are thrilled to be continuing our project with Fusion Whisky and supporting their work as they bring fresh innovation to the industry. The Winter Queen has a wonderful and unique story to tell and the arc-net solution provides Fusion Whisky and Adelphi the means to share that story with their passionate customers.”
Related Reading: Chinese Startup to Use Blockchain to Track Wine Imports
More Firms Experiment with Blockchain for Supply Chains
Although it might sound gimmicky, there is a very real problem with fake offerings to the whisky connoisseur community. This is the problem that endeavours such as the Adelphi/Fusion partnership and ideas such as CaskCoin seek to tackle.
Similar initiatives have been worked on in other distribution industries too. The U.K.’s Food Standards Agency piloted a scheme in which participants in the supply chain of British beef could check various details of the produce changing hands as it travels from pasture to plate, for example.
Featured image from Shutterstock.
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